I don't know if anyone has talked about this before in this forum if anyone has done it before please pardon me I'm ignorant.
Dollar-Cost Averaging (DCA) It means investing a given amount of funds at regular interval in a particular investment for a given period of time regardless of assets price.
Cryptocurrency is a volatile asset, they are prone to rise and also fall over time which therefore makes DCA the best strategy to use when investing. These regular interval purchases are not affected by the price of the crypto asset and it helps investors stay free of trying to predict the market and enables them to maximize their potential returns and reduce the risk of losing their entire capital if there is a fall in the crypto asset. It also helps in reducing the impact of crypto asset volatility and serves as a hedge against price fluctuations.
Good application of DCA depends on knowledge and understanding of the market. If used correctly, this strategy can reduce the risks of losses while increasing profit potential along the way. It’s worth remembering that the successful application of DCA depends on numerous factors. For this reason, it’s best to make your own calculations based on your investing goals before getting started. It is the best approach for individuals who are not professional investors. It can save an investor a lot of effort trying to time the market in order to get the best prices. It is a tool for investing slowly and consistently and it aims to protect against the human tendency of greed.
I started using this strategy not too long ago and to be honest with you I have accumulated a good number of Bitcoin even as a newbie without putting myself in any kind of pressure, I did it with ease and I'm still accumulating.
Before using this strategy make sure you have a source of income and also try your best to have an emergency fund in other to help you cover up any emergency issues without dipping hands into your Bitcoin investment.
You can click on this Links to no and get more ideas about DCA method of accumulation.👇
https://bitcointalksearch.org/topic/m.63840372
https://bitcointalksearch.org/topic/m.63477300
Topic: Best method for Bitcoin accumulation. - page 2. (Read 223 times)
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