Dollar Cost Averaging (DCA) In LEO | What is DCA?

Hello friends, My today's blog topic is Dollar Cost Averaging (DCA). All you need to know about DCA will be given in this blog in a simple and easy-to-understand way. So it's going to be very interesting. Please stay up to the end of this blog. If you find my blog helpful, please don't forget to follow me and comment.

Generally, peoples think that they will buy crypto at its deep and sell it at its peak. But that is not easy. In that way, you may fail very badly. Because when crypto reaches its deep whale will buy it and you will not get time to buy crypto at deep. The same thing happens when you want to sell crypto at its peak.

So to overcome these difficulties DCA (Dollar Cost Averaging) is the best way to generate high profit in a bear market.

Let's start this blog with an Example of DCA in LEO coin.

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LeoFinance is a blogging platform where users can share blogs related to Finance, Crypto. Leofinance is one of the best social networks on the HIVE blockchain. Let's consider, I want to DCA in LEO coin. I will invest a few parts of my amount weekly. So, I could grab LEO coins at a cheaper price in bear market. In addition to that, you can power up LEO coin and get a good curation reward or you can delegate to curators to get the LEO coin reward. Same you can do with HIVE coin to get profit. After that you can generate very high profit when price reach at its peak (or sufficient increase in price) by selling your crypto.

In my term, DCA is to invest a small part of your money in crypto (Assets) for a certain frequency (time period) instead of investing all money at once.

Just take the example of the BTC. If you want to invest in BTC by DCA (Dollar Cost Averaging), So You will invest a few USD in Bitcoin daily/weekly/monthly (According to your balance amount and investment limit). Just consider, If I can afford to invest 10$ weekly in Bitcoin then I will invest 10$ weekly in Bitcoin throughout the bear market and for some time period in the bull market. When it reaches its peak then I will sell 100% crypto (or 80% depending upon my need).

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The above chart of Bitcoin prices is from last year. Here, I tried to explain DCA in Bitcoin. If we have a total of 100$ then we could invest 10$ weekly. When the price goes higher then you may sell some part of it or all of your investment and get a very good profit from it. By using DCA you can get a return of 400x or higher.

• Important: While using DCA, Always chose a fundamentally strong coin.
• Don't invest all funds. Only invest amount that you can afford.
• DCA is the best way if you want to hold coins for the long term. Don't use this method for short-term trading.
• While using DCA don't panic and sell your crypto at the bottom.

Note (Disclaimer): Information provided in this blog is for information purposes only. This information is not for legal or financial advice. Do your own research.

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