Kraken Survey Shows Majority of Market Participants Using One Strategy To Invest in Crypto
A new survey from crypto exchange Kraken suggests that the majority of investors in the digital asset space are using the same strategy to gain exposure to the market.
Kraken’s survey reports that 59% of market participants are employing a dollar cost average (DCA) strategy to invest in crypto assets.
DCA refers to the practice of buying into the market on an ongoing basis regardless of price instead of attempting to time the market.
Says Kraken,
“Because it offers a ‘set it and forget it’ way to steadily accumulate crypto over time, dollar-cost averaging has also become a popular trading strategy for investors looking to reduce the impact of short-term price volatility and remove emotions that can cloud judgment.
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