DCA profitable option or waste of time ???
Much is said about strategies in the crypto world regarding whether to use indicators to buy, buy the dip, or put everything in one crypto at once.
Let's look at the simplest and most boring one, which is recurring purchasing (DCA).
The investor seeks a crypto that they consider a very good investment and makes periodic purchases on a monthly or even weekly basis regardless of the price in order to enter the market gently.
Disadvantages
• Slow entry into the market
• Limited gains
• Boring if you like strong emotions when investing
• There aren't many coins that are really worth it for this strategy
Advantages
• You have a plan
• You will sleep peacefully with your investment
• You will have gains, but not as high as with other types of strategies; a probable range would be 14% to 20% annually.
• Automatic and zero emotional, once activated with your preferred parameters.
Coins that could be good for this type of strategy
•$BTC
•$ETH
•$BNB
and maybe a few more, so research carefully where you put your money and do not invest more than you can afford to lose.
In a later post, I will talk to you about the true secret of all investments, whether in crypto or other assets, because the true secret is the average cost.
