With the majority of assets in the cryptocurrency market back in the sideways trading mode, Shiba Inu (SHIB) is no different, and data suggests using the dollar-cost averaging (DCA) strategy by investing $100 per week in 2023 would not have been profitable for this cryptocurrency.
Specifically, investors who rely on this method spread out their investments by purchasing in specific intervals and in roughly equal amounts of money, regardless of the asset’s price at the time. DCA-ing is popular because it reduces the psychological barriers present in other investing strategies.
DCA-ing SHIB
As evident in the case of Shiba Inu, DCA is not always an ideal investment strategy, as it may fail to protect the investor from dropping market prices or stop them from investing during prolonged bull markets when the asset is pricier than during bearish periods.
Indeed, buying $100 worth of SHIB at roughly the same time each week since January 1, 2023, which would involve making a total investment
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