Is DCA the ultimate strategy for maximizing Bitcoin (BTC) profits?

Mon 10 Jul 2023 ▪ 3 min of reading ▪ by Luc Jose A.

With the many fluctuations and workings of the cryptocurrency market, investors need to identify and opt for an effective strategy to give themselves every chance of making a profit. From staking to one-offs to Dollar Cost Averaging or DCA, there are many options available to traders. For some analysts, more than a strategy, DCA is the best ally for bitcoin (BTC) hodlers. According to them, it’s a method that enables bitcoin holders to secure profits on the cryptocurrency market.

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A profitable strategy, according to analyst Wicked

DCA or single amount: which strategy should you opt for? While this question may present a Cornelian dilemma for some investors, analysts are not hesitating to decide in favor of the former strategy. In a recent tweet, the analyst known by the pseudonym Wicked asserts that Dollar Cost Averaging is a successful strategy for bitcoin hodlers, despite the period in which they began investing.

Wicked shared with its subscribers a chart on which the weighted average purchase price of bitcoin was $31,233 on July 3, 2023. This is the cryptocurrency’s highest level since June 2022. The analyst says: “When the entire orange line crosses below the dotted white line, that’s when ALL investors who opted for the DCA in daily make profits.”

An opinion shared by SaifeDean Ammous

The economist and author of the bestseller “The Bitcoin Standard” agreed with analyst Wicked that DCA is a profitable strategy for bitcoiners. He stated via a recent tweet, “Regular stacking is profitable for everyone, even when bitcoin is down 55% from its peak. An amazing testament to the power of bitcoin as a life-saving technology”.

Deemed a successful strategy by these analysts, the DCA actually involves buying small amounts of digital assets at regular intervals, regardless of their costs. It protects investors from market volatility and maximizes their chances of obtaining an attractive purchase price.

According to analyst Wicked and SaifeDean Ammous, DCA is therefore the best investment strategy for holders of the flagship cryptocurrency. Bitcoin hodlers be warned.

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Luc Jose A. avatar
Luc Jose A.

Diplômé de Sciences Po Toulouse et titulaire d'une certification consultant blockchain délivrée par Alyra, j'ai rejoint l'aventure Cointribune en 2019. Convaincu du potentiel de la blockchain pour transformer de nombreux secteurs de l'économie, j'ai pris l'engagement de sensibiliser et d'informer le grand public sur cet écosystème en constante évolution. Mon objectif est de permettre à chacun de mieux comprendre la blockchain et de saisir les opportunités qu'elle offre. Je m'efforce chaque jour de fournir une analyse objective de l'actualité, de décrypter les tendances du marché, de relayer les dernières innovations technologiques et de mettre en perspective les enjeux économiques et sociétaux de cette révolution en marche.


The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.