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Dollar Cost Averaging is one of the most important strategies you have to learn, especially in a volatile market like Crypto.
You have all seen in the last month how the price changes rapidly.
BTC went up and down from the 29K to 41K region, and the market too.
And it will be like that for a long time, because the market can't just go up and up.
What Is Dollar-Cost Averaging (DCA)?
From Investopedia
Dollar-cost averaging (DCA) is an investment strategy in which an investor divides up the total amount to be invested across periodic purchases of a target asset in an effort to reduce the impact of volatility on the overall purchase. The purchases occur regardless of the asset's price and at regular intervals. In effect, this strategy removes much of the detailed work of attempting to time the market in order to make purchases of equities at the best prices. Dollar-cost averaging is also known as the constant dollar plan.
This image is taken from the 2017 Bull Run.
The image talks for itself.
You don't have to FOMO every time there is a dip, you have to build your strategy and when you can afford it, you DCA the coin(s) you believe in.
If you want to learn more about DCA here is well explained.
PATIENCE always pays back.
PATIENCE is key.
PLEASE REMEMBER
DO YOUR OWN RESEARCH before investing your money.
PS: I’m not a financial advisor, never invest all your money in crypto
