可以肯定地说比特币（BTC）正在进入熊市市场

可以肯定地说，比特币（BTC 5.12％）正在进入熊市市场。现在，它比1月份的高点下降了30％，可以理解的是，投资者震撼了。

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?

随着比特币（BTC 5.12％）继续滑行并进入熊市市场，许多投资者感到震惊。 2025年不是应该是比特币在100万美元上价值飙升的那一年吗？

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.

如果您在市场下降期间对比特币感到紧张，那么好消息是，有一种久经考验的投资策略似乎是针对金融市场当前情况量身定制的。

What is DCA?

什么是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.

该投资策略是美元成本平均（DCA），它可能是加密投资者捕获比特币长期价格绩效的重要工具。从本质上讲，DCA只是意味着您承诺在很长一段时间内定期购买固定数量的一定资产。随着价格上涨或下跌，购买时间表不会改变。您只需在昂贵的情况下购买较少的股份或硬币，而价格低时就会购买更多的股份。

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，您可能会决定每月投资50美元。像发条一样，您将每30天购买价值50美元的比特币，而不管更广阔的市场发生了什么。比特币在向上移动，向下移动还是侧面交易都没关系。

Should you DCA into Bitcoin?

您应该进入比特币吗？

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，比特币杂志仔细研究了Crypto Newmers的潜在DCA比特币策略。他们发现，通过在最近的五年期间每周仅投资10美元，您本来可以将2,620美元变成7,913美元，而五年期回报率达到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%.

当您考虑其他资产在这五年期间的业绩时，事情变得更加有趣。例如，如果您在同一五年期间每周向黄金投资10美元，那么您的总收益将仅为34.5％。如果您在这段时间内每周投资10美元到道琼斯琼斯（Dow Jones），那么您的回报将仅为23.4％。而且，如果您每周投资10美元，您的总收益将为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.

那么，比特币如何在这个五年的时间段内击败其他资产的绩效？关键是比特币的波动性。与其他资产相比，它具有更高的高点（和低点）。因此，当比特币在2022年从悬崖上掉下来并损失了其价值的65％时，您可以在很长一段时间内以岩石底价购买比特币。然后，当比特币在2023年和2024年的价值飙升时，您可以从上涨的价格中受益。

A real-world example of Bitcoin DCA

比特币DCA的真实示例

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.

如果您决定每天购买比特币而不是每周购买比特币怎么办？好吧，回报更加令人印象深刻。正如MicroStrategy的创始人兼执行董事长Michael Saylor所指出的那样，如果您在2016年至2025年初的九年中，您可以将98,000美元变成220万美元，如果您接受了每天30美元的DCA策略。

Image source: Getty Images.

图像来源：盖蒂图像。

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.

得益于修改后的比特币DCA策略，Saylor的公司已成为世界上最大的比特币公司持有人，截至3月30日，其资产负债表上有528,185个比特币。自2020年8月以来，战略一直在稳步购买比特币。沿途有很多Zigs and Zags，但是战略的Core Core Bitcoin Holdings现在的核心比特币持有大约40美元的价值。

Before you DCA into Bitcoin...

在DCA进入比特币之前...

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.

在这一点上，您可能想知道：什么是捕获？如果这个策略如此出色，为什么每个人都不试图将DCA纳入比特币？捕获很简单：您需要准备好应对巨大的波动，并且需要受到极大的纪律。

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.

正如比特币投资者喜欢指出的那样，您需要拥有“钻石手”。简而言之，您需要能够检查您的加密货币持有物，看到充满红色的屏幕，并且不想出售比特币。当全世界告诉您比特币价值崩溃时，您需要能够面对您的朋友，家人和同事的怀疑。

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

这并不容易。毕竟，比特币历史上至少有五个时期，当时它损失了77％或更多的价值。这就是事实：没有人真正知道我们现在是否处于其中一个下降。比特币不断下降