Is the Bitcoin DCA opportunity over?
With Bitcoin dominance nearing 60% amidst a price stall towards the end of 2024, many traders believe it may be time to shift focus from Bitcoin to altcoins. Approximately 83.5% of crypto investors have employed a dollar-cost-averaging (DCA) strategy, with 59% using it as their main method of purchasing crypto. This strategy involves investing a fixed amount regularly to average the purchase price. Notably, some traders suggest moving toward altcoins for a better risk/reward ratio. For instance, one trader indicated that the DCA opportunity for Bitcoin might be over for the next 1.5 years, as other assets could attract more liquidity due to regulatory clarity and new launches. Despite this sentiment, some industry leaders argue that Bitcoin still has upside potential, with predictions suggesting it could reach $200,000. Overall, while there are calls to consider altcoins, many maintain a bullish view on Bitcoin's future prospects.
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