How to make an effective Bitcoin investment by using the Dollar Cost Average strategy

Blog • 2021/05/05 • by Remitano

In financial investment, especially crypto investment, there are a lot of strategies that traders can utilize. For newbies, however, Dollar Cost Average (DCA) is the simplest and most efficient strategy. The results show that even investors who started DCA with 100 USD per week at the peak of the price in 2017 (December 16, 2017) so far, the total amount of money investors have put 15,600 USD into Bitcoin and obtained 0.8122 BTC. Meanwhile, the value of 0.8122 Bitcoin up to now is worth more than 40,600 USD.

The investment style of Dollar Cost Average is extremely convenient for digital currency investors. They only need to spend less time observing the market. You must, however, analyze carefully the coin for which you are going to use the DCA. If the DCA of the coin goes down steadily, that means the method is definitely not effective.

So, what is the DCA? Let’s start with Remitano's guest in the video, ThuanCapital, a well-known crypto and Bitcoin investor, to learn the methodology as well as the application of this strategy.

Crypto for Dump-me is a series of articles in Remitano's Make Bitcoin Simple project for new investors. The project aims to help newbies understand simply and quickly how to invest in cryptocurrency. With this series, you can instantly apply your knowledge to trading and making your first profit.

Comments (23)

Guest

jalansultan

5 years ago

Yes good

nurhotimah

5 years ago

Good

godgrace1

5 years ago

I was really interested on learning how to apply the dollar cost average strategy but the video you uploaded for us to watch is not in English how are we that do not understand the language expected to learn it.