Short for “Dollar Cost Average”, DCAing is an investment strategy by where you make small purchases of an asset at various prices over a long period of time. DCAing enables the investor to avoid the stress of trying to “time the market” and instead produces a cost basis which is the average of all historical purchases.
The best way to dollar cost average is to set an automatic recurring purchase for the same dollar amount on the same day of the week, or day of the month. Accepting crypto as payment is another way to dollar cost average into your position.
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