July 4 (Cointime) - Investors who have been using the dollar cost averaging (DCA) strategy to buy Bitcoin at regular intervals have now turned a profit, according to an analysis by Twitter user @w_s_bitcoin. DCA involves buying a fixed amount of an asset, regardless of its price fluctuations, and is often recommended as a less stressful alternative to active trading.
The weighted average cost of purchased Bitcoin stood at $31,233 as of July 3, the highest since June 2022. While not all Bitcoin holders are in profit, those who continued to make recurring buys have made up for losses incurred during market downturns.
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