The Power of Dynamic-Cost Averaging in DeFi
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.