If you would have bought at the 2021 top and just DCA‘d you would still be in profit now, in fact if you did daily DCA at any point you are in profit right now.
If there was some kind statistic talking about which advice we are repeating the most on this sub, it would undoubtedly end up being the magical “DCA“, dollar cost averaging. Those that don‘t know yet, DCA means that you buying the same amount of a Crypto in the same time-frame and no matter of what the price does. It is truly one of the most secure investment strategies to use in Crypto and actually does deserve all the praise it gets. Moreover, I think it is very interesting that anyone who has ever been doing daily DCA is in profit right now, yes, no matter when or where you started. You would literally also be in profits right now if you DCA‘d starting at the 2021 top at $69k. DCA is truly some kind of magic. Weighted Average Cost of Daily DCA, chart by Wicked on Twitter Here we can see that chart showing the Weighted Average Cost by daily DCAing and no matter when you started to DCA, in 2017 or in 2021 or just a few weeks ago, you would be in profit right now after doing daily DCA. So I think this does indeed solidify DCA as the supreme investment strategy, especially in a volatile market like in Crypto you can remove a ton of risk just by buying a small amount everyday and not looking at some short-term price movements. submitted by /u/partymsl |