Ethereum. Tom has an idea to buy <strong>$300</strong> of ETH every month until he has 1 ETH.</p>\n<table style=\"border-collapse: collapse; width: 100%; height: 154px;\" border=\"1\">\n<tbody>\n<tr style=\"height: 22px;\">\n<td style=\"width: 22.9636%; height: 22px;\">DATE</td>\n<td style=\"width: 22.9636%; height: 22px;\">ETH Purchased</td>\n<td style=\"width: 22.9636%; height: 22px;\">Total ETH (sum)</td>\n<td style=\"width: 22.9636%; height: 22px;\">Total Cost</td>\n</tr>\n<tr style=\"height: 22px;\">\n<td style=\"width: 22.9636%; height: 22px;\">May 4</td>\n<td style=\"width: 22.9636%; height: 22px;\">0.1309</td>\n<td style=\"width: 22.9636%; height: 22px;\">0.1509</td>\n<td style=\"width: 22.9636%; height: 22px;\">$300</td>\n</tr>\n<tr style=\"height: 22px;\">\n<td style=\"width: 22.9636%; height: 22px;\">June 4</td>\n<td style=\"width: 22.9636%; height: 22px;\">0.1499</td>\n<td style=\"width: 22.9636%; height: 22px;\">0.3008</td>\n<td style=\"width: 22.9636%; height: 22px;\">$600</td>\n</tr>\n<tr style=\"height: 22px;\">\n<td style=\"width: 22.9636%; height: 22px;\">July 4</td>\n<td style=\"width: 22.9636%; height: 22px;\">0.1702</td>\n<td style=\"width: 22.9636%; height: 22px;\">0.451</td>\n<td style=\"width: 22.9636%; height: 22px;\">$900</td>\n</tr>\n<tr style=\"height: 22px;\">\n<td style=\"width: 22.9636%; height: 22px;\">August 4</td>\n<td style=\"width: 22.9636%; height: 22px;\">0.2823</td>\n<td style=\"width: 22.9636%; height: 22px;\">0.7333</td>\n<td style=\"width: 22.9636%; height: 22px;\">$1200</td>\n</tr>\n<tr style=\"height: 22px;\">\n<td style=\"width: 22.9636%; height: 22px;\">September 4</td>\n<td style=\"width: 22.9636%; height: 22px;\">0.1998</td>\n<td style=\"width: 22.9636%; height: 22px;\">0.9331</td>\n<td style=\"width: 22.9636%; height: 22px;\">$1500</td>\n</tr>\n<tr style=\"height: 22px;\">\n<td style=\"width: 22.9636%; height: 22px;\">October 4</td>\n<td style=\"width: 22.9636%; height: 22px;\">0.1112</td>\n<td style=\"width: 22.9636%; height: 22px;\">1.0443</td>\n<td style=\"width: 22.9636%; height: 22px;\">$1800</td>\n</tr>\n</tbody>\n</table>\n<p>He was able to get 1 ETH for a total price of <strong>$1,800</strong> using this strategy. His strategy was very different since Jane just purchased one whole ETH that cost <strong>$2,300</strong>.</p>\n<table style=\"border-collapse: collapse; width: 100%;\" border=\"1\">\n<tbody>\n<tr>\n<td style=\"width: 31.284%;\">DATE</td>\n<td style=\"width: 31.284%;\">Total ETH</td>\n<td style=\"width: 31.2862%;\">Total Cost</td>\n</tr>\n<tr>\n<td style=\"width: 31.284%;\">May 4</td>\n<td style=\"width: 31.284%;\">1</td>\n<td style=\"width: 31.2862%;\">$2,300</td>\n</tr>\n</tbody>\n</table>\n<p>Jane got 1 ETH in May. In this case, she paid more than Tom. Her total investment cost was $2,300. This shows that investors might <strong>profit</strong> from using the DCA strategy. 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Have?","featured_image_id":10729,"status":"published","chapter_id":7,"language":"en","order":2,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/how-to-invest-in-crypto","featured_image":{"id":10729,"uuid":"3439a1db-9892-404a-b4b6-a1db5a34bca4","public_url":"https://assets.bitdegree.org/crypto/storage/optimized/how-to-invest-in-crypto-featured-image.jpg","path":"crypto/storage/optimized/how-to-invest-in-crypto-featured-image.jpg","original_path":"crypto/storage/original/how-to-invest-in-crypto-featured-image.jpg","name":"how-to-invest-in-crypto-featured-image.jpg","original_name":"how-to-invest-in-crypto-featured-image.jpg","title":null,"alt":null,"width":1024,"height":576,"disk":"spaces","status":"uploaded","readable_file_size":"75.22KB"},"youtube_video":null},{"slug":"ico-vs-ido","title":"ICO vs IDO vs IEO: Which One is the 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Them?","featured_image_id":11359,"status":"published","chapter_id":7,"language":"en","order":4,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/what-is-an-airdrop","featured_image":{"id":11359,"uuid":"7b43c968-1275-4d3e-acb1-1707a43a4014","public_url":"https://assets.bitdegree.org/crypto/storage/optimized/what-is-an-airdrop-featured-image.jpg","path":"crypto/storage/optimized/what-is-an-airdrop-featured-image.jpg","original_path":"crypto/storage/original/what-is-an-airdrop-featured-image.jpg","name":"what-is-an-airdrop-featured-image.jpg","original_name":"what-is-an-airdrop-featured-image.jpg","title":null,"alt":null,"width":1024,"height":576,"disk":"spaces","status":"uploaded","readable_file_size":"66.05KB"},"youtube_video":null},{"slug":"how-to-get-free-crypto","title":"How to Get Free Crypto Assets?","featured_image_id":6542,"status":"published","chapter_id":7,"language":"en","order":5,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/how-to-get-free-crypto","featured_image":{"id":6542,"uuid":"4fceb9ab-391e-4ef9-b00d-c871a49878a3","public_url":"https://assets.bitdegree.org/crypto/storage/media/how-to-get-free-crypto.o.jpg","path":"crypto/storage/media/how-to-get-free-crypto.o.jpg","original_path":"crypto/storage/media/how-to-get-free-crypto.jpg","name":"how-to-get-free-crypto.o.jpg","original_name":"how-to-get-free-crypto.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"93.93KB"},"youtube_video":null},{"slug":"how-to-arbitrage-crypto","title":"What is Crypto Arbitrage: The Main 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Crypto?","featured_image_id":11394,"status":"published","chapter_id":7,"language":"en","order":7,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/what-is-fud","featured_image":{"id":11394,"uuid":"defd32c5-d3e1-4e66-9f58-e2ee316bad3a","public_url":"https://assets.bitdegree.org/crypto/storage/optimized/what-is-fud-featured-image.jpg","path":"crypto/storage/optimized/what-is-fud-featured-image.jpg","original_path":"crypto/storage/original/what-is-fud-featured-image.jpg","name":"what-is-fud-featured-image.jpg","original_name":"what-is-fud-featured-image.jpg","title":null,"alt":null,"width":1024,"height":576,"disk":"spaces","status":"uploaded","readable_file_size":"65.30KB"},"youtube_video":null},{"slug":"investing-in-cryptocurrency","title":"Investing in Cryptocurrency: How to Manage Your Risks?","featured_image_id":null,"status":"published","chapter_id":7,"language":"en","order":8,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/investing-in-cryptocurrency","featured_image":null,"youtube_video":null},{"slug":"what-is-a-rug-pull-in-crypto","title":"What is a Rug Pull in Crypto?","featured_image_id":6532,"status":"published","chapter_id":7,"language":"en","order":9,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/what-is-a-rug-pull-in-crypto","featured_image":{"id":6532,"uuid":"be8043fb-078c-4487-9af9-d2d9c2b574ea","public_url":"https://assets.bitdegree.org/crypto/storage/media/what-is-a-rug-pull-in-crypto.o.jpg","path":"crypto/storage/media/what-is-a-rug-pull-in-crypto.o.jpg","original_path":"crypto/storage/media/what-is-a-rug-pull-in-crypto.jpg","name":"what-is-a-rug-pull-in-crypto.o.jpg","original_name":"what-is-a-rug-pull-in-crypto.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"92.28KB"},"youtube_video":null},{"slug":"how-to-avoid-rug-pulls-in-crypto","title":"How to Spot and Avoid Rug Pulls?","featured_image_id":6555,"status":"published","chapter_id":7,"language":"en","order":10,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/how-to-avoid-rug-pulls-in-crypto","featured_image":{"id":6555,"uuid":"80cbed9d-3b4b-45d9-9a85-d2d8108c0f32","public_url":"https://assets.bitdegree.org/crypto/storage/media/how-to-avoid-rug-pulls.o.jpg","path":"crypto/storage/media/how-to-avoid-rug-pulls.o.jpg","original_path":"crypto/storage/media/how-to-avoid-rug-pulls.jpg","name":"how-to-avoid-rug-pulls.o.jpg","original_name":"how-to-avoid-rug-pulls.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"111.99KB"},"youtube_video":null},{"slug":"how-to-avoid-crypto-taxes","title":"The Key Legal Techniques of Avoiding Crypto 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Analysis","slug":"crypto-analysis","updated":null,"chapter":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters/learn-crypto-analysis.jpg","chapter_simple":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters-simple/crypto-analysis-101.jpg","rating":100,"sections":[{"slug":"what-is-bullish-and-bearish","title":"Bearish and Bullish Markets: Do They Matter?","featured_image_id":null,"status":"published","chapter_id":8,"language":"en","order":1,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/what-is-bullish-and-bearish","featured_image":null,"youtube_video":null},{"slug":"best-technical-analysis-indicators-for-crypto","title":"5 Best Crypto Technical Analysis Indicators You Must Know About","featured_image_id":null,"status":"published","chapter_id":8,"language":"en","order":2,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/best-technical-analysis-indicators-for-crypto","featured_image":null,"youtube_video":null},{"slug":"what-is-candlesticks","title":"Technical Analysis: What are Candlesticks, Trendlines, and Patterns?","featured_image_id":null,"status":"published","chapter_id":8,"language":"en","order":3,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/what-is-candlesticks","featured_image":null,"youtube_video":null},{"slug":"how-to-track-new-crypto-coins","title":"Crypto Tracking: How to Track Your Favorite Coins & Tokens?","featured_image_id":null,"status":"published","chapter_id":8,"language":"en","order":4,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/how-to-track-new-crypto-coins","featured_image":null,"youtube_video":null},{"slug":"how-to-research-crypto","title":"Crypto Research Fundamentals & Social Signals: Your Daily Trading Strategy","featured_image_id":null,"status":"published","chapter_id":8,"language":"en","order":5,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/how-to-research-crypto","featured_image":null,"youtube_video":null}]},{"id":9,"title":"Mining","slug":"mining","updated":false,"chapter":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters/learn-crypto-mining.jpg","chapter_simple":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters-simple/crypto-mining-101.jpg","rating":80,"sections":[]},{"id":10,"title":"Crypto Terms","updated":false,"chapter":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters/crypto-101-glossary.jpg","chapter_simple":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters-simple/crypto-glossary-101.jpg","rating":100,"sections":["A","B","C","D","E","F","G","H","I","J","K","L","M","N","O","P","Q","R","S","T","U","V","W","X","Y","Z"]}],"nextSection":{"id":299,"original_id":null,"author_id":41,"translator_id":null,"title":"What is E-Signature?","slug":"what-is-e-signature","section":"E","keyword":"E-Signature","status":"published","definition":"electronic signature; an electronic tool used as a substitute for a physical signature when signing various documents.","content":"<p>Electronic signatures, or e-signatures, are digital tools used as an alternative to physical signatures. This technology was developed to allow more digital contracts and documents to be legally authorized easier. E-signatures serve as proof of identification of the signatory, who is the sole owner of the <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-private-key-secret-key/">private key</strong></strong></a>.</p>\n<p>There are three main types of e-signatures:</p>\n<ul>\n<li>Simple electronic signatures (SES)</li>\n<li>Advanced electronic signatures (AES)</li>\n<li>Qualified electronic signatures (QES)</li>\n</ul>\n<p>More recent e-signature services have also started implementing <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-cryptography/">cryptographic technologies</strong></a> as additional security measures. While the e-signature market is constantly expanding, some of the biggest names in the industry are <a href=https://www.bitdegree.org/"https://en.wikipedia.org/wiki/Adobe_Sign/" target=\"_blank\" rel=\"nofollow noindex noopener\"><strong><strong>Adobe Sign</strong></strong></a> and <a href=https://www.bitdegree.org/"https://en.everybodywiki.com/HelloSign/" target=\"_blank\" rel=\"nofollow noindex noopener\"><strong>HelloSign</strong></a>.</p>\n<p>E-signatures are recognized as legitimate proof of identification and a legal substitute for a physical signature. The <a href=https://www.bitdegree.org/"https://uncitral.un.org/en/texts/ecommerce/modellaw/electronic_commerce/" target=\"_blank\" rel=\"noopener\"><strong>UNCITRAL Model Law <strong>on Electronic Commerce</strong></strong></a> was published by the United Nations in 1996 to establish the use of e-signatures. The document helped accelerate the implementation of e-signatures around the world.</p>\n<p><strong>Biometric signatures</strong> have been developed as one form of e-signatures. They require the use of physical qualities, such as fingerprints or face identification. Phones with fingerprint locks employ biometric technology. However, <strong>biometric signatures are criticized for their dubious security</strong>, as there can be no replacement if they are compromised.</p>\n<p>Other technologies that provide similar proof of identification as e-signatures have been developed. One of these is a <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-digital-signature/">digital signature</strong></a>. Although the terms e-signature and digital signature may be <strong>used interchangeably</strong> by some, the latter uses cryptographic technology to reinforce the security and validity of the signature.</p>\n<p>Digital signatures are commonly used in <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-cryptocurrency/">crypto spaces. Users are able to verify their identity and ownership of the private key <strong>without revealing any information</strong> about it. Electronic signatures may also be able to perform this function in the future as they increasingly come equipped with cryptographic tools.</p>","level":"easy","meta_title":"What is E-Signature? Definition & Meaning | Crypto Wiki","meta_description":"E-Signature meaning: E-Signature - electronic signature; an electronic tool used as a substitute for a physical signature when signing various documents.","meta_keywords":null,"language":"en","created_at":"2022-03-09T17:02:01.000000Z","updated_at":"2022-05-13T14:32:23.000000Z","preview_url":"https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-e-signature"},"prevSection":{"id":982,"original_id":null,"author_id":40,"translator_id":null,"title":"What is Design Flaw Attack?","slug":"what-is-design-flaw-attack","section":"D","keyword":"Design Flaw Attack","status":"published","definition":"a sort of attack that uses the flaws of software design.","content":"<p>A design flaw attack is a type of malicious attack with the goal to <strong>gain access</strong> to someone&rsquo;s crypto funds. It takes place by an attacker creating some kind of flawed software (a <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-smart-contract/">smart contract</strong></a>, a marketplace, a <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-decentralized-exchange-dex/">DEX). This is done so that users would take action within the permissionless, decentralized software also being unaware of the errors.</p>\n<p>As an example, let's take the decentralized prediction market platform based on the <a href=https://www.bitdegree.org/"/crypto/buy-ethereum-eth/">Ethereum blockchain - Augur. Some theories state that the prediction markets that are on the platform are subjects of the design flaw attacks. This is because the markets supposedly can trick people into<strong> betting their funds on a flawed contract</strong>, since they have unclear descriptions. This could result in lost funds for the investor.</p>\n<p>Also, these types of attacks could potentially target price feeds and other similar sources of information. The malicious actor can exploit and manipulate any smart contract that depends on the particular data source. This can be achieved due to the protocol or a marketplace having only one price source <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-api/">API.

/n

It can be discontinued even before the expiration date which offers the attacker an opportunity to complete his plan.</p>\n<p>Usually, a design flaw attack creates fake opportunities that are very visible to consumers, so that they would <strong>lock</strong> their cash within a smart contract. An unfair settlement and a release of capital is an outcome of a faulty, and believable description of some contract terms or the protocol upon which they are based. The description usually illustrates a lot of benefits for the user.</p>\n<p>Moreover, another way a malicious actor could carry on with his design flaw attack is to discover an already existing contract that, indeed, has flaws. Usually, it was created by another person that didn&rsquo;t have any bad intentions.</p>\n<p>This way, the attack would concentrate on the knowledge imbalance between the attacker and any possible <strong>accessible network member</strong>.</p>","level":"medium","meta_title":"What is Design Flaw Attack? Definition & Meaning | Crypto Wiki","meta_description":"Design Flaw Attack meaning: Design Flaw Attack - a sort of attack that uses the flaws of software design.","meta_keywords":null,"language":"en","created_at":"2022-05-18T10:25:44.000000Z","updated_at":"2022-06-07T11:49:23.000000Z","preview_url":"https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-design-flaw-attack"},"currentChapter":"D","currentSection":"what-is-dollar-cost-averaging-dca","chapterTitle":"D","readingLevel":"easy"},"url":"/crypto/learn/crypto-terms/what-is-dollar-cost-averaging-dca","version":"cdd198d50cbe5c9c21c9329d7c096ffc"}" class="container-fluid d-flex crypto-book p-0">

Handbook Cover Page
Crypto Terms: Letter D

What is Dollar Cost Averaging (DCA)?

Dollar Cost Averaging (DCA) MEANING:
Dollar Cost Averaging (DCA) - an investment strategy where a person invests the same amount of money for set period of time.
Easy
1 minute

Let's find out Dollar Cost Averaging (DCA) meaning, definition in crypto, what is Dollar Cost Averaging (DCA), and all other detailed facts.

Dollar Cost Averaging (DCA) is when you invest the same amounts of money every set amount of time, at regular intervals. It’s a well-known method among investors. They use it when they have a goal of avoiding risk exposure, as well as so that their investment would not be greatly affected by market volatility.

Here is a simple example of a DCA:

Let’s say that two people that have different investment methods and profiles - Tom and Jane, invested in Ethereum. Tom has an idea to buy $300 of ETH every month until he has 1 ETH.

DATE ETH Purchased Total ETH (sum) Total Cost
May 4 0.1309 0.1509 $300
June 4 0.1499 0.3008 $600
July 4 0.1702 0.451 $900
August 4 0.2823 0.7333 $1200
September 4 0.1998 0.9331 $1500
October 4 0.1112 1.0443 $1800

He was able to get 1 ETH for a total price of $1,800 using this strategy. His strategy was very different since Jane just purchased one whole ETH that cost $2,300.

DATE Total ETH Total Cost
May 4 1 $2,300

Jane got 1 ETH in May. In this case, she paid more than Tom. Her total investment cost was $2,300. This shows that investors might profit from using the DCA strategy. In this particular scenario, Jane paid more than Tom, because she purchased one ETH immediately, rather than investing particular amounts for an extended amount of time.

The reason behind creating the term itself is because of the demand of reducing the average cost of the total amount of assets bought.

In essence, the investor would be able to purchase a lesser piece of an asset for a higher price. Simultaneously, when the asset's price falls, more units are sold. As a result, the investor would enter a position progressively, rather than all at once.
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