How does a Dollar Cost Averaging bot operate?

Regardless of the market price, a DCA (Dollar-Cost Averaging) bot invests a predetermined sum of money in a cryptocurrency automatically at predetermined intervals. By distributing investments throughout time, this technique lessens the impact of volatility. When creating a DCA bot, you use APIs to create a bot that will execute these standard trades on the exchange of your choice. Long-term investing is made simpler and the risk of purchasing at market peaks is reduced by averaging the buy prices.

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