What is DCA (Dollar-Cost Average) in Crypto?

DCA stands for Dollar-Cost Averaging, which is a strategy of investing a fixed amount of money at regular intervals, regardless of the asset's price. In the context of cryptocurrency, DCA involves buying a specific amount of a particular cryptocurrency at regular intervals, such as weekly or monthly, regardless of its current price. This approach is popular among long-term investors who want to mitigate the risk of volatility in the cryptocurrency market and benefit from its potential long-term growth.

Crypto, short for cryptocurrency, is a digital or virtual currency that uses cryptography for security and operates independently of a central bank or government. The most well-known cryptocurrency is Bitcoin, but there are thousands of other cryptocurrencies in existence. They use blockchain technology, which is a decentralized ledger that records all transactions on the network. Cryptocurrency can be used to purchase goods and services, or can be traded on various cryptocurrency exchanges. It's considered a high-risk investment and not regulated like traditional markets.