平均成本法（DCA）：一种长期加密货币投资策略

加密货币本质上是不稳定的，人们很容易将市场视为一系列短期赌博。然而，长期投资策略已被证明是有效的：平均成本法（DCA）。

Cryptocurrency is inherently volatile, and it’s easy to approach the market with a short-term mentality. However, a long-term investment strategy has been proven to work: Dollar-Cost Averaging (DCA).

加密货币本质上具有波动性，很容易以短线心态进入市场。然而，长期投资策略已被证明是有效的：平均成本法（DCA）。

Essentially, Dollar-Cost Averaging is a commitment to purchase a fixed dollar amount of a certain cryptocurrency at fixed, regular intervals. Many investors will automate these investments to avoid any emotion from getting in the way. One way to automate these investments is to buy a specific coin every 2 weeks with 1% of your biweekly paycheck.

本质上，平均成本是承诺以固定的、定期的时间间隔购买固定金额的某种加密货币。许多投资者会将这些投资自动化，以避免任何情绪的干扰。自动化这些投资的一种方法是每两周用双周工资的 1% 购买一种特定的硬币。

This strategy is especially effective for new investors who want simple, long-term gains and don’t want to watch the market like a day trader, buying and selling dips and peaks. It’s protection against the market’s natural volatility.

这种策略对于想要简单、长期收益并且不想像日间交易者一样观察市场、买卖逢低和高峰的新投资者特别有效。它是针对市场自然波动的保护措施。

Instead of buying $1000 of Bitcoin in a lump sum, you buy $100 every week for ten weeks straight. Then, you ignore the price and just make the same trade at weekly intervals.

您不是一次性购买 1000 美元的比特币，而是每周购买 100 美元，连续十周。然后，您忽略价格并每周进行相同的交易。

During the course of that time, the price of a particular cryptocurrency will fluctuate. However, the overall entry point of the investment will average out and decreases the risk of buying high and selling low later for a loss. Your position price will average over time, giving you a stable return in the long run. Here are some practical steps to start with DCA:

在此期间，特定加密货币的价格将会波动。然而，投资的整体切入点将趋于平均，并降低随后高买低卖造成损失的风险。您的头寸价格将随着时间的推移而平均，从长远来看，为您带来稳定的回报。以下是开始使用 DCA 的一些实际步骤：

First and foremost, figure out how much you’re comfortable investing on a regular basis. Most who invest using DCA want to invest small amounts that won’t affect them emotionally.

首先也是最重要的，弄清楚您愿意定期投资多少。大多数使用 DCA 进行投资的人都希望投资少量的资金，不会影响他们的情绪。

Decide on when you want to invest. It could be weekly, biweekly, or monthly. Some make it an auto payment from their paycheck biweekly or monthly, so they don’t even see it go out.

决定何时投资。可以是每周一次、每两周一次或每月一次。有些人每两周或每月从工资中自动支付一次，所以他们甚至看不到这笔钱被花掉。

Use a reputable wallet app to keep your crypto assets safe. Remember you are investing for the long term, so set specific times quarterly or even annually to check on these investments.

使用信誉良好的钱包应用程序来保证您的加密资产的安全。请记住，您正在进行长期投资，因此请每季度甚至每年设定特定时间来检查这些投资。

The Binance team recently ran a dollar-cost averaging experiment where $10 per coin was invested on the same day each month for a three-month period. The experiment chose the coins listed on the Binance CMC Cryptocurrency Top 10 Equal-Weighted Index. The goal was to determine how each of the top 10 coins would perform when using a dollar-cost averaging strategy. The results showed that BNB saw a 56.23% return while BTC and SOL saw 21.70% and 30.69%, respectively.

币安团队最近进行了一项美元成本平均实验，每个月的同一天对每枚代币投入 10 美元，持续三个月。实验选择了币安CMC加密货币十大等权重指数上市的币种。目标是确定前 10 名代币在使用美元成本平均策略时的表现如何。结果显示，BNB 的回报率为 56.23%，BTC 和 SOL 的回报率分别为 21.70% 和 30.69%。

Rachel Conlan, CMO of Binance, emphasized the benefits of Dollar-Cost Averaging (DCA) for crypto investors, stating, “With Dollar-Cost Averaging, consistency becomes your superpower—it’s about turning market ups and downs into long-term growth.” She highlighted how this strategy empowers investors to stay disciplined, avoid emotional decisions, and build stable returns over time, regardless of market volatility.

币安首席营销官雷切尔·康兰 (Rachel Conlan) 强调了平均成本法 (DCA) 对加密货币投资者的好处，她表示：“通过平均成本法，一致性将成为你的超能力——它将市场的起伏转化为长期增长。”她强调了这一策略如何使投资者能够保持纪律，避免情绪化决定，并随着时间的推移建立稳定的回报，无论市场波动如何。

Benefits of Dollar Cost Averaging

平均成本法的好处

1. Protects Against Volatility

1. 防止波动

Cryptocurrency experiences extreme price swings, which can be good or very bad. DCA is good for long-term investors who want to smooth out volatility and protect against painful losses in the short term. As long as you believe crypto will go up in the long run, then dollar cost averaging makes it so you don’t have to time the market for entries. Finding the “right time to buy” is a losing strategy in the long term because you never know when and by how much a particular coin is going to move.

加密货币经历了极端的价格波动，这可能是好的，也可能是非常坏的。 DCA 对于想要消除波动并防止短期损失的长期投资者来说是有好处的。只要您相信加密货币从长远来看会上涨，那么美元成本平均法就会实现这一点，这样您就不必为进入市场计时。从长远来看，找到“正确的买入时机”是一种失败的策略，因为你永远不知道特定的代币会在何时以及变动多少。

2. Removes the Risk of Emotional Trading

2. 消除情绪交易的风险

Most experienced traders have horror stories of emotional trades made in the heat of the moment. Panic selling and trying to trade out of losses can start a spiral that sends new traders running from the crypto market forever. A consistent plan will help new traders steer clear of these pitfalls and avoid stress.

大多数经验丰富的交易者都有过一时冲动进行情绪化交易的恐怖故事。恐慌性抛售和试图摆脱损失可能会引发恶性循环，导致新交易者永远逃离加密货币市场。一致的计划将帮助新交易者避开这些陷阱并避免压力。

3. Low Barrier to Entry

3. 进入门槛低

Many people think they need a certain amount to start investing in crypto, but DCA proves that’s not the case. Investors can start with a small amount of capital, perhaps what they can spare from a weekly pay packet, and then consistently buy more tokens over time. So, it’s a great way for low-income investors to make their first move into the crypto market. Contrary to public perception, low-income households are some of the biggest crypto investors, and many use the DCA strategy.

许多人认为他们需要一定的金额才能开始投资加密货币，但 DCA 证明事实并非如此。投资者可以从少量资金开始，也许是他们可以从每周的工资中节省下来的资金，然后随着时间的推移不断购买更多的代币。因此，对于低收入投资者来说，这是首次进入加密货币市场的好方法。与公众的看法相反，低收入家庭是最大的加密货币投资者之一，并且许多人使用 DCA 策略。

4. Averages Out Price Points

4. 平均价格点

Investing at regular intervals means investors inevitably buy coins during market highs and lows. It means a fledgling investor or an old hand can mitigate the risks of buying into a coin at an unsustainably high price.

定期投资意味着投资者不可避免地会在市场高点和低点期间购买代币。这意味着新手投资者或老手可以降低以不可持续的高价购买代币的风险。

Disadvantages of Dollar-Cost Averaging

平均成本法的缺点

1. Sacrifices Biggest Gains By Design

1. 牺牲最大的设计收益

If investors can read the market, they can make more with a lump sum investment, especially in a strong and sustained bull market. When the prices keep rising, the tokens will cost more at every interval with the DCA strategy. It is still a winning strategy but leaves money on the table by design.

如果投资者能够解读市场，他们可以一次性投资赚更多钱，尤其是在强劲而持续的牛市中。当价格持续上涨时，使用 DCA 策略，代币的价格在每个时间间隔都会更高。这仍然是一个制胜策略，但设计上却留下了金钱。

2. Longer Time

2. 更长的时间