DCA Strategy for Profit from Cryptocurrencies
- Do not enter the market during panic waves; instead, wait for the picture to become clear and signs of stability to appear.
- Instead of relying on market timing or quick in-and-out trades, you can follow the "Dollar Cost Averaging" (DCA) strategy: Invest a fixed amount periodically (weekly or monthly) in Bitcoin or strong altcoins, regardless of the market price.
- Diversify your investments across several strong foundational cryptocurrencies, and do not put all your capital into one coin.
- Set clear time-based goals (for example: a long-term investment for a year or more).
- Review your portfolio periodically, evaluate the performance of the coins, and reallocate investments if necessary.
This strategy helps you reduce the impact of market volatility and gives you a chance to benefit from average prices over the long term.