Dollar-cost-averaging is a strategy to invest a fixed amount of money over regular periods of time regardless of the price of the asset.
By investing periodically, investors can minimize the risk of price volatility as they are buying assets at different time intervals. Thus, they are investing at an average buying price instead of investing one time at one price.
In the long run, investors can maximize their chances of getting profit. With this strategy, investors will also find it easier to deal with emotional ups and downs due to the drastic price increases or decreases in cryptocurrency. This method is very suitable for beginner and long-term investors.
cryptocurrency is a decentralized digital currency that is secured by cryptography to work as a medium of exchange.
“Buy the dips” is a common phrase investor and traders hear after an asset has declined in price. They ar...