Jan 19
3 min read
What’s the best time of the week to buy Bitcoin? the data is in..
A lot of people use the dollar-cost averaging method (or DCA) to buy Bitcoin. This can be done easily by placing a recurring weekly buy on a crypto exchange. The main advantage of the DCA method is that you don’t have to “time the market” (meaning: to guess bottoms and tops).
Say you buy $50 per week of bitcoin (or about $2,600 per year). Buying a little bit every week means that you will not buy at the cheapest or at the highest price, but at an average price over the year.
