CandleFocus

Kraken Survey Shows Majority of Market Participants Using One Strategy To Invest in Crypto

Author: Content Editor
A recent survey conducted by crypto exchange Kraken reveals that 59% of investors in the digital asset space are using dollar cost averaging (DCA) as their primary investment strategy. DCA involves regularly buying into the market regardless of the price, aiming to reduce the impact of short-term price volatility and eliminate emotional decision-making. Survey respondents highlighted advantages such as hedging against market volatility, removing emotion from investing, and developing consistent investing habits. The survey also found that investors earning more than $100,000 per year are more confident in their investment strategy and less likely to switch strategies compared to lower-income earners. Lower-income earners are more likely to attempt timing the market rather than utilizing a DCA routine, potentially facing increased risk from trade losses due to having fewer cash reserves and disposable income.

Related News