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The power of Dollar Cost Averaging (DCA) in Bitcoin (BTC): 10% of your wage could change your life.
The objective of this project is to analyze the effectiveness of implementing a dollar-cost averaging (DCA) investment strategy on the cryptocurrency asset, Bitcoin. DCA is a strategy where an investor divides a fixed amount of money to be invested into equal parts, and invests that money at regular intervals, regardless of the price of the asset. The goal of this project is to determine if using a DCA strategy can potentially reduce the impact of volatility and increase overall returns when investing in Bitcoin. The project will use historical data from the years 2013-2018. To analyze the performance of a DCA strategy on Bitcoin. With one period of halving in between.