Dollar-Cost Averaging (DCA) is a widely used and effective strategy for long-term crypto investment!
Here are some additional factors to consider when choosing an investment approach:
Investment Horizon: If you're investing for the long term (several years or more), DCA is a great option. For shorter timeframes, other strategies might be more suitable.
Risk Tolerance: DCA is a more conservative approach compared to active trading. Choose a strategy that aligns with your comfort level with risk.
Market Conditions: If you believe the market is about to enter a bull run, a lump sum investment might be tempting. However, DCA helps you weather potential downturns as well.
Ultimately, the best approach depends on your individual circumstances and investment goals.
DCA is a great starting point for new investors due to its simplicity and risk management benefits. But as you gain experience and knowledge, you can explore other strategies that suit your investment style.