Applying Dollar Cost Averaging(DCA) Strategy In Maximizing Your Bitcoin( and Altcoins) Investment
By now you must have known that Bitcoin is highly volatile. No one can predict where the Bitcoin price will be a few months --or years-- down the line, as is the case with any other asset. By following a simple and well known investing method called Dollar-Cost Averaging (DCA), investors can protect themselves against fluctuations and downside risk. What is dollar-cost averaging? Dollar-cost averaging (DCA) is an investment technique of buying fixed amounts of a particular asset on a regular schedule, regardless of the price. The investor purchases more of the asset when prices are low and less when prices are high, but always the same fixed currency amount. Related post: How I Make Money Daily On LUNO Platform When does DCA make sense? With dollar-cost averaging, you take a lot of the emotion and fear out of investing because you are more focused on a long-term strategy. You are less concerned with the immediate ups and downs, as long as you stick to a regular investment plan. EXAMPLE...