What is DCA 💥💥
In crypto 💥💥
Imagine you are going to a wedding where there are different types of food — Biryani, Korma, Chicken Tikka, Lentils, Sweets, etc.
If you fill your plate with everything at once (i.e., eat a lot all at once):
Either you will get an upset stomach
Or some tasty items will go to waste
Or you will run out of hunger too soon
But if you slowly taste a little bit at a time (i.e., eat an appropriate amount at intervals):
You will be able to enjoy the taste of everything
You will keep yourself satisfied
And the risk of loss will also be reduced
💸 Now apply the same concept to DCA:
If you invest all your money in crypto at once and the market drops — you can face significant loss.
But if you invest a little over time (i.e., continue DCA):
You will buy at an average price
The impact of market volatility will be reduced
And profit is possible in the long run.