A recent survey by Kraken, a crypto exchange, revealed that 83.5% of crypto investors prefer using dollar-cost averaging (DCA) as their primary buying strategy. DCA involves purchasing assets at regular intervals, regardless of price fluctuations, to mitigate short-term volatility and emotional trading decisions. The survey of 1,109 investors highlighted that over 46% see hedging against market volatility as the main advantage of DCA, while others appreciate its role in fostering consistent investment habits. Interestingly, income levels influence the perceived benefits of DCA, with lower earners valuing investment discipline and higher earners prioritizing volatility reduction. The study also found that higher-income investors are more likely to stick to their investment plan during market turbulence compared to lower-income counterparts. Additionally, younger investors tend to take more risks by trying to time the market, while older investors monitor crypto markets more closely. Overall, DCA is seen as a valuable strategy in reducing market stress and emotional decision-making in crypto investing. Read more AI-generated news on: https://app.chaingpt.org/news