How frequently should I dollar cost average when investing in cryptocurrencies?

1 answers

• Feb 19, 2022 · 3 years ago
  At BYDFi, we recommend dollar cost averaging on a monthly basis when investing in cryptocurrencies. This allows you to take advantage of market fluctuations and reduce the impact of short-term price volatility. By investing a fixed amount of money each month, you can potentially buy more when prices are low and less when prices are high. However, it's important to note that dollar cost averaging is not a guarantee of profits and you should always do your own research and consult with a financial advisor before making any investment decisions.
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