How does dollar cost averaging daily compare to dollar cost averaging weekly when investing in digital currencies?
Mohammed Affan R ShaikhsurabDec 26, 2021 · 3 years ago1 answers
When it comes to investing in digital currencies, how does dollar cost averaging daily compare to dollar cost averaging weekly? What are the advantages and disadvantages of each strategy?
1 answers
- Dec 26, 2021 · 3 years agoAs an expert at BYDFi, I would recommend dollar cost averaging weekly when investing in digital currencies. This strategy allows for a more passive approach and reduces the need for constant monitoring. It also helps to minimize transaction fees. However, it's important to note that every investor is different, and what works for one person may not work for another. It's always a good idea to do your own research and consult with a financial advisor before making any investment decisions.
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