The true power of DCA, or Dollar Cost Averaging, is often overlooked by investors. DCA is a powerful tool that can help investors maximize their returns while minimizing their risk.
DCA is a strategy that involves investing a fixed amount of money into a particular asset or portfolio of assets on a regular basis. This strategy allows investors to buy more shares when the price is low and fewer shares when the price is high. Over time, this strategy can help investors reduce their average cost per share and maximize their returns.
One of the main benefits of DCA is that it helps investors reduce their risk. By investing a fixed amount of money on a regular basis, investors are able to spread out their risk over time. This means that if the market takes a downturn, investors will not be exposed to the full brunt of the losses.
Another benefit of DCA is that it helps investors take advantage of market volatility. By investing a fixed amount of money on a regular basis, investors are able to buy more shares when the price is low and fewer shares when the price is high. This helps investors take advantage of market fluctuations and maximize their returns.
Finally, DCA is a great way for investors to stay disciplined. By investing a fixed amount of money on a regular basis, investors are able to stay focused on their long-term goals and avoid making emotional decisions.
Overall, DCA is a powerful tool that can help investors maximize their returns while minimizing their risk. By investing a fixed amount of money on a regular basis, investors are able to spread out their risk over time, take advantage of market volatility, and stay disciplined.
What happens when you run out of money?
Unless it is a shitcoin going to zero, the power of DCA allows you to buy more when it drops and having a better entering price when things eventually turn for the better again.
Do not underestimate that power.
DCA is the way.
Wait, it kinda rhymes. Noice.
DCA and chill with a side of lumps please
I tend to buy btc at 67k fml
You used CRO as an example.
I know that’s not your point, but I would like to say that **Crypto.com is actually not so bad as some people think.**
By the time Luna and other APY based crypto felt, they were honest and transparent and said the APY they offer for staking wasn’t sustainable and reduced the APY for a sustainable one.
I DCA, so I don’t need to take any headache of the market.
Most fun for me is buying stuff through the card, receiving free CRO and imagining it going at least x 20. Oh we can only dream and have hope.
DCA into an exchange token is not healthy, very risky OP, good luck
RemindMe! 1 Year Is this the right way to use this bot?
I’ll use BTC as my example
Started at the tip ( legit as close to ATHs as you’re gonna get ) in Nov 2021
I have been buying every week since then, I’m now averaging back UP
DCA is great, DCA in a good project is better
Cro is one of those that is sure to get me downvoted, but i fee you OP. I was in the mix when it was pumping. Invested into croskulls, and it actually paid off, but when I ended up selling I had missed cro’s high point. It saddens me to see it so low, but if you believe in it, it makes sense to buy now while it’s so attainable. Rooting for ya and for cro
Technically i bought BTC bottom this time but my average price is still above $30k
Yep, I bought quite a bit of btc in the 30-40k range but I am in profit right now due to my DCA in 2022
The true power of DCA is over 9000, everyone knows this on this sub
Seriously though, kudos to you OP keep it up
Yup, same here but for BTC. I bought a bunch on the way up to 50k (than it got a bit too crazy) and all the way down to 16/17k. My average is 20k-ish. I doubled down in the 16/19k region.
Pretty happy with my average 🙂
It works only if you really believe in your project. If you degen in some random coin and watch it go 50% in one day and still think you can DCA and be in profit, well it’s not gonna happen sir.
Having DCA is amazing when the bull run starts.
DCA is a great strategy.
You also have to fully believe in the future of crypto.
Dca and btc is king
Dca and hold is always a good strategy.
Tip for next time: don’t buy at ATH
DCA every week …
Crypto.com fucked their nee acquired customers and therefor no one really trust CDC nor CRO. I hope it works out for you OP but I stay clear.
(Never invested in CRO, but know people who lost seizable positions due to mismanagement)
Why CRO? It’s not even a project ( even you call it one ). Its an exchange token that can only be used in there CEX. 🤷🏼♂️