What is average Use dollar-cost averaging?

[uptrendfinancialsignal]

You can lessen the impact of market volatility by investing a certain sum of money in cryptocurrencies on a regular basis. This is the principle of Use dollar-cost averaging:

 

[Reedex]

This is a risk management strategy that is adopted to minimise losses as much as possible.

 

[Stardom22]

The truth of the matter is that you can not eliminate the evident of the losses in crypto trading. I even know that it's still impossible to minimise the losses in the trading too.

 

[Suba]

There is no fixed amount of money to be invested regularly if you apply the DCA strategy, so you have to take a proportion, say 20% of your income every month, to buy crypto for a certain period of time, say one year.

 

[Golden9]

Dollar cost averaging is used by people who want to accumulate a coin for long term. For example, of you want to accumulate Bitcoin to sell in the next five or ten years, you can buy $10, $100, or more worth of it each month irrespective of the current price.

 

[Suba]

You are right, the DCA strategy also allows retail investors to own large amounts of Bitcoin by buying regularly, but the time period should not be more than 4 years because it will collide with Bitcoin halving to print new ATH.