可以肯定地說比特幣（BTC）正在進入熊市市場

可以肯定地說，比特幣（BTC 5.12％）正在進入熊市市場。現在，它比1月份的高點下降了30％，可以理解的是，投資者震撼了。

As Bitcoin (BTC 5.12%) continues to slide and enter bear market territory, many investors are feeling rattled. Wasn't 2025 supposed to be the year that Bitcoin skyrocketed in value on its way to $1 million?

隨著比特幣（BTC 5.12％）繼續滑行並進入熊市市場，許多投資者感到震驚。 2025年不是應該是比特幣在100萬美元上價值飆升的那一年嗎？

If you're feeling nervous about Bitcoin during a market decline, the good news is that there is a tried-and-true investment strategy that seems to be tailor-made for the current situation in the financial markets.

如果您在市場下降期間對比特幣感到緊張，那麼好消息是，有一種久經考驗的投資策略似乎是針對金融市場當前情況量身定制的。

What is DCA?

什麼是DCA？

That investment strategy is dollar-cost averaging (DCA), and it can be an important tool for crypto investors to capture Bitcoin's long-term price performance. At its core, DCA just means that you commit to buying a fixed amount of a certain asset on a regular basis, over an extended period of time. The buying schedule does not change as prices go up or down. You just buy fewer shares or coins when they're expensive, and more of them when prices are low.

該投資策略是美元成本平均（DCA），它可能是加密投資者捕獲比特幣長期價格績效的重要工具。從本質上講，DCA只是意味著您承諾在很長一段時間內定期購買固定數量的一定資產。隨著價格上漲或下跌，購買時間表不會改變。您只需在昂貴的情況下購買較少的股份或硬幣，而價格低時就會購買更多的股份。

For example, you might decide to invest $50 in Bitcoin every month. Like clockwork, you will then buy $50 worth of Bitcoin every 30 days, regardless of what's happening in the broader market. It doesn't matter if Bitcoin is moving up, moving down, or trading sideways.

例如，您可能會決定每月投資50美元。像發條一樣，您將每30天購買價值50美元的比特幣，而不管更廣闊的市場發生了什麼。比特幣在向上移動，向下移動還是側面交易都沒關係。

Should you DCA into Bitcoin?

您應該進入比特幣嗎？

In August 2024, Bitcoin Magazine took a closer look at a potential DCA Bitcoin strategy for crypto newcomers. They found that, by investing just $10 a week over the most recent five-year period, you could have turned $2,620 into $7,913, for a staggering five-year return of 202%.

2024年8月，比特幣雜誌仔細研究了Crypto Newmers的潛在DCA比特幣策略。他們發現，通過在最近的五年期間每週僅投資10美元，您本來可以將2,620美元變成7,913美元，而五年期回報率達到202％。

Things get even more interesting when you consider how other assets performed over that five-year period. For example, if you had invested $10 a week into gold over that same five-year period, your total return would have been just 34.5%. If you had invested $10 a week into the Dow Jones over that time period, your return would have been just 23.4%. And if you had invested $10 a week into Apple, your total return would have been 79.1%.

當您考慮其他資產在這五年期間的業績時，事情變得更加有趣。例如，如果您在同一五年期間每周向黃金投資10美元，那麼您的總收益將僅為34.5％。如果您在這段時間內每週投資10美元到道瓊斯瓊斯（Dow Jones），那麼您的回報將僅為23.4％。而且，如果您每週投資10美元，您的總收益將為79.1％。

So how did Bitcoin manage to trounce the performance of other assets over this five-year time period? The key is Bitcoin's volatility. It's capable of much higher highs -- and much lower lows -- than other assets. Thus, when Bitcoin fell off a cliff in 2022 and lost 65% of its value, you were able to buy Bitcoin at rock-bottom prices for an extended period of time. Then, when Bitcoin skyrocketed in value in 2023 and 2024, you were able to benefit from rising prices.

那麼，比特幣如何在這個五年的時間段內擊敗其他資產的績效？關鍵是比特幣的波動性。與其他資產相比，它具有更高的高點（和低點）。因此，當比特幣在2022年從懸崖上掉下來並損失了其價值的65％時，您可以在很長一段時間內以岩石底價購買比特幣。然後，當比特幣在2023年和2024年的價值飆升時，您可以從上漲的價格中受益。

A real-world example of Bitcoin DCA

比特幣DCA的真實示例

And what if you decided to buy Bitcoin daily instead of weekly? Well, the returns are even more impressive. As Michael Saylor, the founder and executive chairman of MicroStrategy (now known as Strategy), has pointed out, you could have theoretically turned $98,000 into $2.2 million, if you had embraced a $30-per-day DCA strategy over a nine-year period from 2016 to early 2025. During that time period, Bitcoin increased in price from $800 to $108,000.

如果您決定每天購買比特幣而不是每週購買比特幣怎麼辦？好吧，回報更加令人印象深刻。正如MicroStrategy的創始人兼執行董事長Michael Saylor所指出的那樣，如果您在2016年至2025年初的九年中，您可以將98,000美元變成220萬美元，如果您接受了每天30美元的DCA策略。

Image source: Getty Images.

圖像來源：蓋蒂圖像。

Thanks to a modified Bitcoin DCA strategy, Saylor's company has become the largest corporate holder of Bitcoin in the world, with 528,185 Bitcoins on its balance sheet as of March 30. Strategy has been steadily buying Bitcoin since August 2020. There have been plenty of zigs and zags along the way, but Strategy's core Bitcoin holdings are now valued at approximately $40 billion.

得益於修改後的比特幣DCA策略，Saylor的公司已成為世界上最大的比特幣公司持有人，截至3月30日，其資產負債表上有528,185個比特幣。自2020年8月以來，戰略一直在穩步購買比特幣。沿途有很多Zigs and Zags，但是戰略的Core Core Bitcoin Holdings現在的核心比特幣持有大約40美元的價值。

Before you DCA into Bitcoin...

在DCA進入比特幣之前...

At this point, you might be wondering: What's the catch? Why isn't everyone trying to DCA into Bitcoin, if this strategy is so great? The catch is simple: You need to be prepared to deal with tremendous volatility and you need to be extremely disciplined.

在這一點上，您可能想知道：什麼是捕獲？如果這個策略如此出色，為什麼每個人都不試圖將DCA納入比特幣？捕獲很簡單：您需要準備好應對巨大的波動，並且需要受到極大的紀律。

As Bitcoin investors like to point out, you need to have "diamond hands." In short, you need to be able to check your crypto holdings, see a screen full of red, and not be tempted to sell your Bitcoin. You need to be able to face the skepticism of your friends, family, and colleagues, when the whole world is telling you that Bitcoin is collapsing in value.

正如比特幣投資者喜歡指出的那樣，您需要擁有“鑽石手”。簡而言之，您需要能夠檢查您的加密貨幣持有物，看到充滿紅色的屏幕，並且不想出售比特幣。當全世界告訴您比特幣價值崩潰時，您需要能夠面對您的朋友，家人和同事的懷疑。

It won't be easy. After all, there have been at least five periods in Bitcoin's history when it has lost 77% or more of its value. And here's the thing: Nobody really knows if we're in the middle of one of those drawdowns right now. Bitcoin is down

這並不容易。畢竟，比特幣歷史上至少有五個時期，當時它損失了77％或更多的價值。這就是事實：沒有人真正知道我們現在是否處於其中一個下降。比特幣不斷下降