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Dollar Cost Averaging in Cryptocurrency
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[QUOTE="Suba, post: 281960, member: 3658"] Dollar Cost Averaging or DCA is just an investment strategy that we can apply to almost all types of investment instruments, such as stocks, mutual funds, gold and crypto. This DCA strategy is often used by investors who are unsure about when to purchase investment instruments. But if we apply it to cryptocurrencies, DCA's investment strategy seems to be inaccurate because crypto prices are at the bottom. The current bitcoin price is $16.8k even some analysts predict the Btc price will be below $14k, so I think if you have $10k cash it's better to wait a few months until the Btc price is below $14k, and use a lump sum strategy to buy Bitcoin and estimate will be above $20k within a year or Nov 2023. So the DCA Strategy will also limit the potential profits you will get. [/QUOTE]
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