Easily check the result of setting up your own Dollar Cost Averaging (DCA) strategy or recurring purchases of Bitcoin Cash over a period of time.
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The above information should not be considered financial advice.
Dollar Cost Averaging (DCA) is a strategy that involves making recurring purchases of a volatile product, such as cryptocurrencies. This strategy is not new and has been used for years in traditional markets such as stocks or currencies. The goal of following this strategy is to reduce the impact of price volatility by averaging the cost of acquiring cryptocurrencies over a specific period of time.
At Bitnovo, we offer you the possibility to configure your own DCA strategy for Bitcoin Cash. To do this, simply visit our platform and, when making a purchase of Bitcoin Cash, select the option "Make it recurring". There, you can choose the frequency at which you want to make the purchase and the payment method. Setting up your own DCA strategy is really simple. Remember that this strategy helps you reduce the impact of Bitcoin Cash volatility by averaging the acquisition price. However, please note that any cryptocurrency purchase carries risks, and the information provided above should not be considered financial advice.
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