How Effective Is the Dollar-Cost Averaging (DCA) Strategy? Is Auto-Buy NOBI an Efficient Solution?
The current market condition has certainly surprised us and many other crypto enthusiasts. Stay calm and don’t panic. Actually, the current downtrend in this market is a common cycle in the crypto space. So, if you start to worry about the future of crypto, remember Dan Held’s advice, that you need to “zoom out” the Bitcoin chart one more time.
Believe it or not, the data that we got from Nasdaq shows that Bitcoin has managed to experience a rapid increase of up to 7000%, in just 5 years. ️?
So, if you’re starting to get nervous and anxious due to the current bear market, it’s important to remember the advice that, “the storm will pass.” Likewise with the crypto market, the bear cycle won’t last forever.
Ultimate Strategy to Earn Crypto Gains with DCA
Before the bull run cycle takes over the market, don’t let it be too late for you to ‘buy the dip.’ There are crypto bargains in the making on this dip. It must be frustrating when you realized that the market suddenly starts turning green, while you haven’t bought any crypto assets yet when bear market.
That’s why, it’s important to implement a DCA strategy. This strategy is proven to be effective for managing your crypto assets. Simply put, DCA is a strategy for saving the same amount of crypto assets over time.
By implementing the DCA strategy, you can minimize the impact of price volatility, because asset purchases will be made at different time intervals on a regular basis. This means that you are saving cryptocurrencies at the average purchase price, not buying an asset only once at one price level.
Most experts also strongly recommend using the Dollar-Cost Averaging (DCA) strategy if you want to get consistent gains in the crypto market. Not only in crypto, it turns out that this strategy has also been commonly applied in stock, gold, and mutual fund investment strategies.
How Does Dollar-Cost Averaging Work?
Dollar-Cost Averaging works by allowing traders to make regular purchases of smaller quantities than large purchases. Because, prices always show a tendency to rise in the long term regardless of market crashes or temporary bad conditions like today.
To illustrate how ‘superb’ this strategy is, let’s take look at the following example:
Using DCA, here the trader is simulated to invest $1800 over 6 months by making $300 monthly purchases of selected crypto assets. The table below provides an example of how this scenario works:
Month | Asset’s Price | Total Quantity Purchased |
---|---|---|
Month 1 | $100 | 3 |
Month 2 | $120 | 3,5 |
Month 3 | $80 | 3,75 |
Month 4 | $90 | 3,33 |
Month 5 | $110 | 2,72 |
Month 6 | $115 | 2.6 |
Total | 17,9 |
Thanks to DCA, the trader’s total asset value was $2,058.5 in Month 6. So, from his initial investment of $1,800, the trader has already made a profit of 14.36% (profit +$258.48).
Notice when the asset’s highest price is $120. Even though in this example, the price never went above the all-time high, the trader still consistently made money. Therein lies the advantage of the Dollar-Cost Averaging strategy.
Now, what if you apply DCA to your trading strategy, but with the automatic buying feature ‘Auto-Buy’? Definitely, this solution will really help you to earn maximum gains, with minimal effort. Let’s see how this ‘automatic’ DCA feature works.
Is DCA with NOBI Auto-Buy an Efficient Solution?
In fact, implementing the DCA strategy manually will take up a lot of your time, effort, and brain. The reason is, paying attention to crypto charts constantly can be quite stressful. Moreover, if you happen to be the type of person who has a thin level of patience.
NOBI is super thrilled to help you manage your crypto asset purchases consistently through the NOBI Auto-Buy. You can make this solution the best weapon for implementing the Dollar Cost Averaging (DCA) strategy with minimal effort. Yes, what are you waiting for? Let’s get maximum gains, with minimum effort.
NOBI Auto-Buy is a feature where you can manage your crypto purchases automatically and periodically, with options; daily, weekly, biweekly and monthly. Buying crypto assets is now automatic and simpler, without any hassle! Interestingly, you can also activate the Auto-Buy feature starting from Rp. 20,000 only. This feature is the right answer for crypto you who want to keep growing your crypto assets consistently, to get maximum profits in the midst of hectic daily activities. ️?
Now that you understand how the DCA strategy works. So, are you sure you want to run the DCA strategy manually? Think again. We believe it’s the perfect time for you to choose the ultimate crypto-saving solution with NOBI’s automatic DCA feature: Auto-Buy.
If you activate your NOBI Auto-Buy this June, you can get double profits. Because currently, there is a NOBI Auto-Buy promo: Activate Your Auto-Buy Now, Get ? FREE IDR 100,000! Promo period: 3 – 31 June 2022.
Let’s activate your Auto-Buy now, and get ready to earn consistent gains, without having to waste time daily monitoring crypto charts every single day.
#WAGMI! May the Market Recover Soon & May the Gains Always Be With Us.
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