DCA (Dollar Cost Average) and it's importance in crypto trading

DCA or Dollar Cost Averaging is an effective strategy in crypto trading. It is a familiar term to those who are involved in crypto trading. Those who are familiar with the term and those who use this strategy will surely agree with me how effective it is to survive in the current markets and profit in these markets. This is the strategy you must adopt if you want to survive in the current bear markets. Because this is a strategy that will bring down the price of your coin or token. If you follow this strategy, you will be able to profit from the high price you first purchased by buying in several steps.

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We are all familiar with mathematical averages. Similarly when we buy a coin at high price and mid price and low price our average buy rate goes down a lot. As a result, when the coin rises again from low to high, our country gets good quality profit. Because it helps your net buy rate to be much lower. Moreover, by buying in several steps, the amount of your investment is also better. We all know that the market is very unstable at present. And surviving in these markets without any strategy is a big responsibility. As can be seen, many times we buy any coin or token at a high price in this unstable market. When it comes down to it, our losses are much higher. It can be seen which coin we bought for $2 . It appears that it has dropped to $0.80 since we bought it. If we do not adopt this strategy, we have to sit patiently in the loss for a long time. But if we adopt this strategy, our buying rate may be closer to $1 . As a result, we can get out of it with profit at any moment. Otherwise we have to sit patiently for a long time.

Like let me give you a real example. The price of Steem is $0.50 in the catch and stable market. I bought 100 Steem Coins for $50. But after a few days it dropped to $0.35. I bought steam again for $50. In this case I would get about 143 coins for $50.05. But after a few days its price dropped to $0.15. Now I bought this coin again for $50. Now I get 333 coins for $49.95. So I bought coins in three steps for about $150. And my total coins are 576. So now the average buy rate comes to around $0.26. Which is very less. But I have shown that in buying with equal dollars all the time. But in all these policies you have to buy with a small amount first and then gradually increase the amount in the second third or fourth step. Then your buy rate will come down a lot. As we have seen from above figures and this price can move at any moment. As a result, you can save yourself from major damage and the endurance of sitting for long periods of time. Finally, this strategy is very effective in crypto trading and if you want to avoid losses then this type of effective strategy is a must.