Bitcoin Big Profit DCA Price

Dollar-cost averaging (DCA) is defined as purchasing at determined intervals regardless of price, and has proven to be one of the most effective and safest ways to accumulate bitcoin. It allows the individual to mitigate bitcoin’s wild volatility, and have peace of mind in their saving strategy.

DCA is also not only good for your net worth, but it’s also good for Bitcoin. As Hass McCook explains in “How The DCA Army Will Drive A $1 Million Bitcoin Price,” Bitcoin benefits in many ways if there are enough people doing auto-DCA, thus casually eating away at the total bitcoin supply.

If you DCA on a long enough time horizon, you can profit a lot — especially after each halving, which results in the new supply of bitcoin created daily getting cut in half every four years. Historically, bitcoin’s price has always seen a meteoric rise and a new all-time high throughout each year following every halving so far.

The bull run in 2017 made bitcoin go mainstream, with many jumping in on the hype. Let’s run the numbers and see where you would be if you started DCAing into bitcoin back then.

Source link Bitcoin Magazine

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