DCABTC, Dollar Cost Averaging Into Bitcoin. Explore how various dollar cost averaging strategies would have performed.
Dollar Cost Averaging is a strategy that allows an investor to buy the same dollar amount of an investment on regular intervals. The purchases occur regardless of the asset's price.
The primary reason for implementing a DCA strategy is to minimize risk by neutralizing short term volatility. By dollar cost averaging you can remove emotion from the process and stop worrying about trying to time the market.
You can explore different DCA parameters to see how your portfolio would have performed. This can help you identify the best strategies for your future investments in Bitcoin.