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Hamid🎩
@0xhamid
Have you ever thought of DCA strategy for buying in the crypto market? How effective do you think it can be?
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moein
@moein7
DCA is not ideal for short-term investments, as you might end up paying more in fees by buying small amounts of crypto regularly. DCA also requires a long-term bullish outlook on the crypto asset you are investing in, as you expect it to appreciate in value over time.
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moein
@moein7
If the asset declines in value or becomes obsolete, DCA will not help you recover your losses. DCA also does not guarantee that you will buy at the lowest price or sell at the highest price, as you are not timing the market based on technical analysis or other indicators.🤔
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