We can avoid emotional decision making in crypto

The crypto space is always not rosy. The story of people turning billionaire over night is very real, but not everyone has that luck or what can I call it. Many of us bought several meme coin years ago, and as of today, they are lying worthless in the wallet. Well, anything can happen, however it would take the project owners a huge work to revive those dead coins

During a bear market, people make emotional decisions, and I think one of the ways to stay on a safer side is implementing a proven strategy, and sticking to it no matter what. For most people that has experienced success in crypto, this strategy called DCA (Dollar Cost Averaging) has been one of their secrets

This is how I will explain it. Dollar cost averaging is when you decide on a certain amount, you would like to invest at a certain frequency over a period of time, and you stick to it. For example, let's say you decide that you would start DCA by buying a particular asset let's say $20 hive every friday, so every Friday over a long period of time you are consistently investing in hive regardless of the price. That's it. You've started DCA, and what happens is you decrease your exposure to the price volatility. You won't panic over the price, because you are buying every Friday irrespective of the price. Most times, it's a win situation.

As a crypto investor, I suggest figuring out which project you would love to invest in for a long period of time, decide the amount you want to allocate at a certain frequency and stick to it irrespective of the price. It could be $5, 50 1000, per day, week month, or what works for you. It's a journey you would enjoy. We all want to win big, that's why we are always looking for a better way to do things