According to a survey of 1,109 cryptocurrency investors published by Kraken on October 7, about 83.5% of investors have used the dollar-cost averaging DCA strategy, of which 59% still use it as their primary way to buy cryptocurrencies. More than 46% of respondents said that the biggest advantage of DCA is hedging against market volatility, while about a third believe that it supports consistent investment habits and about 12% say DCA removes emotions from trading. However, just over 8% of respondents maintain the strategy when facing losses. In addition, higher-income investors (those with an annual income of more than $100,000) are more likely to use DCA, while lower-income investors (those with an annual income of less than $100,000) are more likely to try to time the market. (Cointelegraph)