Dollar Cost Averaging in Cryptocurrency

[Golden9]

This is a technique where you buy crypto with a fixed amount of money at regular intervals irrespective of the price. It's done by those who wish to hold for a long time, and it's mostly Bitcoin that's accumulated this way.

The main advantage is that you get a lower price while buying this way.

 

[Suba]

Some of DCA's strategic advantages are that it is friendly for novice investors, reduces investment risk and investments can be made on a weekly or monthly basis. But behind the advantages, of course, there are disadvantages, including DCA, which is a passive investment strategy. Because crypto purchases are made regularly, you always have to pay transaction fees and VAT which are higher than a lump sum investment. If the trend is up, the average cost will be high, thereby reducing the yield

 

[Enxx]

This is a technique where you buy crypto with a fixed amount of money at regular intervals irrespective of the price. It's done by those who wish to hold for a long time, and it's mostly Bitcoin that's accumulated this way.

The main advantage is that you get a lower price while buying this way.

Could you please explain to us how someone like me with little money benefit from this and how to start.

 

[Reedex]

The amount of cryptocurrency can never be fixed because it is a volatile currency that keep changing instantaneously.

 

[hastral45]

Well, maybe I'm hearing this kind of business fir the first time or it is just same business but in another name. Could a better analysis be given pls?.

 

[Reedex]

I don't know anything about this but I know about ETF that allows you to have a constant price for a crypto asset.

 

[gammarays]

Dollar cost average is the best way to buy crypto especially in bear season. It's difficult to predict the bottom price so it's best to buy with bits of your capital as the token decrease in price.

 

[uptrendfinancialsignal]

The cryptocurrency is gauged in dollars and there's no way we can separate the two.

 

[flower]

The cryptocurrency is gauged in dollars and there's no way we can separate the two.

The standard of measurement of cryptocurrency is in dollars and that is an established truth.

 

[Reedex]

The standard of measurement of cryptocurrency is in dollars and that is an established truth.

The fluctuation in dollar will affect the cryptocurrency as well because it is it standard.

 

[Yohanna]

The crypto currency is pegged to the dollar and that is why dollar would always have effect on it.

 

[flower]

The crypto currency is pegged to the dollar and that is why dollar would always have effect on it.

The happenings around the dollar is definitely going to affect the cryptocurrencies in a great way.

 

[Bisolami]

This is a technique where you buy crypto with a fixed amount of money at regular intervals irrespective of the price. It's done by those who wish to hold for a long time, and it's mostly Bitcoin that's accumulated this way.

The main advantage is that you get a lower price while buying this way.

I think this is what a lot of people do especially people who have a lot of money to buy cryptocurrency

 

[flower]

I think this is what a lot of people do especially people who have a lot of money to buy cryptocurrency

I still believe that cryptocurrency investment is not for anyone who does not have the prior experience.

 

[Bisolami]

I still believe that cryptocurrency investment is not for anyone who does not have the prior experience.

And it is not for anyone who is willing to make money very fast after investing

 

[Yohanna]

And it is not for anyone who is willing to make money very fast after investing

You cannot engage in cryptocurrency without having a very good experience about it.

 

[Stardom22]

I too think that the prices of the Crypto currency can't be fixed as the Crypto currency is too volatile to remain fixed at a certain point so to speak.

 

[Suba]

This is a technique where you buy crypto with a fixed amount of money at regular intervals irrespective of the price. It's done by those who wish to hold for a long time, and it's mostly Bitcoin that's accumulated this way.

The main advantage is that you get a lower price while buying this way.

When you apply the DCA strategy, it means that you have to make purchases regularly every month at any price, both low and high crypto prices. So there is no guarantee that you can buy Bitcoin/crypto at low prices.

 

[Stardom22]

That's why I say that, I am still learning the basics for the Crypto currency knowledge before I can Venture fully in it. I have realized that crypto currency is so vast and wide.

 

[Suba]

Actually the DCA strategy has been applied to the world of stocks before there was cryptocurrency, so it is not an investment instrument object that has a fluctuating price, but a strategy to determine the average price plus fees. so you will be able to easily calculate profit.