Is the Bitcoin DCA opportunity over? Here’s what traders are thinking
Some crypto traders suggest that altcoins may be a better pick than Bitcoin “at this juncture,” though not everyone agrees.
With Bitcoin dominance creeping back up to nearly 60% amid a price stall in the last few days of 2024, there’s a growing belief among traders it could be time to switch their accumulation strategy toward altcoins.
“Altcoins, at this juncture, offer a far more optimal R/R [Risk Reward] profile than Bitcoin does,” pseudonymous crypto trader Dyme said in a Dec. 27 X post, adding:
Around 83.5% of crypto investors have used the dollar-cost-averaging (DCA) strategy, and 59% still use it as their primary way to buy crypto, according to a survey published by Kraken on Oct. 7.
The DCA strategy is investing a certain amount of money in an asset at a fixed, regular time, to capture the highs and the lows, resulting in one average purchase price.
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Author: Ciaran Lyons
