Kraken Survey: Crypto Investors Favor DCA
Bitcoin, Ethereum Charts Gone From Google Search, Aerodrome Leads On Base With 90% Of Volume
According to Kraken's October survey, dollar-cost averaging has become a very popular investment strategy that the majority of users employ.
The survey of 1,109 investors shows that 83.52% have used DCA, and 59% are using it as their primary investment strategy.
18 to 29 year-olds tend to try timing the market and are more risk-hungry. The same trend follows those making less than $100,000.
Those who make more than $100,000 tend to stick to their plans and be more confident about their trades. 63% of these users feel "very strongly" about their resilience.
46.13% of people trust in DCA as a hedge against volatility.
People making less than $50,000 believe that DCA can remove emotions from trading decisions.
See the full report here.
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