How to properly DCA in Bitcoin?
How to properly DCA in Bitcoin?
hi,
i would like to invest larger amount of money in bitcoin and HODL it for few years or more. Obviously I would like to DCA, but not sure how to properly execute the strategy.
I would like to know:
- How often should I DCA (weekly, bi-weekly, monthly)?
- How long should I DCA?
- How much should I invest per buy?
thanks
Ruban Lovelace Answered question December 9, 2024
You’re asking questions that only you can answer. DCA according to what makes sense to you financially. If you can buy every week, buy every week. If you get paid once a month, and aren’t good at holding on to your money, then make sure you set up your buy on the day or day after you get paid.
DCA until you can no longer DCA.
Invest as much as you can afford to invest.
Cinthia ETH Answered question December 9, 2024