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.
