The Power of Dynamic-Cost Averaging in DeFi
Discover dynamic DCA. Unlike traditional Dollar-Cost Averaging, which invests a fixed amount regularly, dynamic DCA adjusts your investments based on market trends. This flexible method adapts to market conditions to optimize returns. Learn how it works and access resources to start.
I love learning about the power of Dynamic-Cost Averaging (DCA) in DeFi.
Unfortunately, when I first got interested in this DCA approach, I had a hard time figuring out where to start. Everything led me to Dollar-Cost Averaging, which is common mistake. Dollar is fixed and consistent, while Dynamic is flexible and adjusts to market trends.
So, if you are trying to learn more about Dynamic-Cost Avg. approach in DeFi, here's the best way to get started:
- Read This Book: Token Economy: How the Web3 reinvents the Internet by Shermin Voshmgir will give you a comprehensive lay of the land and is a helpful start.
- Watch This YouTube Video: Bitcoin Risk Analysis: Dynamic DCA by Benjamin Cowen is a must-watch comprehensive beginner resource for anyone interested in Dynamic-Cost Averaging (DCA).
- Listen To This Podcast: And if you really want to start going down the rabbit hole, listen to Crypto Market Outlook for 2023 - Benjamin Cowen Ep 100 on Show Me The Crypto podcast timestamp 43:30.
These 3 resources will exponentially accelerate your learning process.