Does it matter how often you DCA?
Should you DCA monthly or every three months with a larger sum?
I have been reading about crypto for years but I only started investing a year ago in August 2021.
As you might expect at the beginning it was pretty much just random coins that were popular at that point. As I started learning more (and there is still so much I don't know) I started thinking at a portfolio allocation that would make sense to me and also an amount of money I could invest monthly.
But the challenge right now is that I am not sure if it makes sense to invest a couple hundred dollars monthly or wait and invest around 1,000$ every three months. Especially from the perspective of trading fees and moving my coins from the exchange to my wallet afterwards.
$Coinbase (COIN.US)$ $Bitcoin (BTC.CC)$ $Ethereum (ETH.CC)$ $Binance Coin (BNB.CC)$ $Tether (USDT.CC)$
I have been reading about crypto for years but I only started investing a year ago in August 2021.
As you might expect at the beginning it was pretty much just random coins that were popular at that point. As I started learning more (and there is still so much I don't know) I started thinking at a portfolio allocation that would make sense to me and also an amount of money I could invest monthly.
But the challenge right now is that I am not sure if it makes sense to invest a couple hundred dollars monthly or wait and invest around 1,000$ every three months. Especially from the perspective of trading fees and moving my coins from the exchange to my wallet afterwards.
$Coinbase (COIN.US)$ $Bitcoin (BTC.CC)$ $Ethereum (ETH.CC)$ $Binance Coin (BNB.CC)$ $Tether (USDT.CC)$
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
bullrider_21 : Not worth to DCA with BTC as it's very volatile and can continue falling a lot.
gas 1126 bullrider_21 :![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
Singh Rahul OP bullrider_21 :![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
Singh Rahul OP gas 1126 :![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
Singh Rahul OP bullrider_21 : What strategies do you generally use?
bullrider_21 : DCA should not be used to buy stocks that keep dropping in price. DCA shouldn't be used at regular intervals. Rather, it should be used to buy stocks with good fundamentals after a big correction.
Mad Money Market : You just asked about cryto, on a platform that's focuss mainly on the stock market. But as a bull for BTC(which is in a correction, just like everything else) I would probably do $50 weekly or biweekly, from here until you die.