Dollar-cost averaging is an investing strategy where the investors split up the investor's total investment amount across recurring purchases of an asset. I use this strategy too when the market is in a decline phase. If the asset is in a markup phase, I usually invest in a lump sum or trade.

Why do investors do it?

Volatility doesn't impact as much and avoids any emotion as investors ignore what price they're buying. This strategy avoids making the mistake of buying high and selling low. Long term, the price will be bullish.

How I do it:

• See how much I can afford to invest in a month and divide it. 
• I usually like to buy weekly, and let's say I $69420 to invest for a month, so I divide $69420 by four which equals $17355 per week.
• I routinely buy a cryptocurrency that I believe has good potential to grow, like ethereum.

My Rules:

1. Never skip buying unless there is a significant dip
2. If there is a big dip and is in a markup phase, I'll take some money from next week, double the amount this week to buy.

An example what might happen:

Source: wealthacademyglobal

Dollar-cost averaging is a great strategy when the market is bearish. Dollar-cost averaging will lead to fewer losses and more significant gains. Hope you liked this short article!

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