Topic: Best method for Bitcoin accumulation. - page 2. (Read 1146 times)
Reading comments here I discovered that so many people went for DCA. That choice isn't a debate I want to start now on who missed the target or who got it. DCA isn't bad at all if one is bent on not missing the bus. However, if anyone has the dexterity of speculating and getting their predictions real good it won't be a bad idea for such a person to look for the near bottom and get in all at once instead of DCAing. Remarkably, the issue has always been that not many are good at analysing charts and that's why we depend on DCA to get in in bits.
The importance and benefits of DCA method can not be overemphasized when it comes to hodling Bitcoin on a long term. The topic has been extensively discussed in this forum infact you can hardly discuss hodling Bitcoin without mentioning DCA method. It's undeniably the best method to accumulate Bitcoin on the long term without worrying about it's volatility and short term price speculations. It makes holding a large amount of Bitcoin in the future to be possible especially for the low and average income earners who can not ordinarily afford to buy a large amount of Bitcoin on the short term. A long term hodler must secure their seed phrase from theft and damage to avoid losing their Bitcoin and it'll be labor in vain for them.
Yes, the best way to invest in Bitcoin is to invest in Bitcoin using the DCA method. However, you should plan to continue investing in the DCA method for the long term. If you don't have enough money, now if you can continue to invest small amount from your income in DCA method then at some point your investment amount will be much bigger. DCA method is the best method. Many people have achieved success by investing in the DCA method.
Everyone are just talking about DCA. Well, it right and good. But I believe determination to invest should come in first. Almost everyone in the space except newbies are familiar with it but this doesn't make some invest. This is why I believe so much on determination to invest. With the struggling nature of our country economy, I have a friend who invest 10% of his monthly income on buying BTC. This is what we can called strong determination to invest. This friend of mine has used this method to hold more than $500 of Bitcoin. Although this may look small but if he continues like this, he will accumulate more BTC with time. DCA can be the key but patience and strong determination makes it work easier.
However don't invest more than you can lose, invest what you can afford to lose.
Investment comes with ability to make profit and lost. No investment is 100% profit guaranteed, so it better to think of loses that may come with any investment. So, try to invest wisely when dealing with BTC as well. Invest only the money you can avoid to lose as said earlier.
DCA is the best strategy. Everyone can use it. It is also the most convenient method for investors. This system pays a certain amount after a certain period of time by keeping the balance of the price.
...If you already have investment capital to use, start instantly with your first round of DCA, and with your plan for next DCA rounds.
If you don't have money to use for investment, it's time for you to plan of finding jobs, working for money, and using it for your DCA. Other steps are similar to an investor with available capital.
If you don't have money to use for investment, it's time for you to plan of finding jobs, working for money, and using it for your DCA. Other steps are similar to an investor with available capital.
To these two points, you need to add one more - participate in the signature campaign with payment in bitcoins. In this case, your Bitcoin deposit will be replenished with equal amounts, which will be an excellent example of DCA.
Everyone has their own opinion, but I myself believe that DCA is a better strategy to accumulate Bitcion. A DCA usually has a long term investment plan. In which the investment amount is fixed over the period of time to minimize the risk/volatility as well as to secure the profit and grow up your portfolio with the passage of time.
So it means to say that DCA is a reliable strategy, and I will recommend it for everyone for accumulating Bitcoin especially the for the new members.
DCA strategy can help investors do invest along the time they live, work and invest. With this strategy, there is no pressure or mandatory condition to start your investment and to maintain it.So it means to say that DCA is a reliable strategy, and I will recommend it for everyone for accumulating Bitcoin especially the for the new members.
When you already learned about this strategy, absorb its core ideas, and decide to kick off your investment with this strategy, you have two ways to start depends on your available investment capital.
If you already have investment capital to use, start instantly with your first round of DCA, and with your plan for next DCA rounds.
If you don't have money to use for investment, it's time for you to plan of finding jobs, working for money, and using it for your DCA. Other steps are similar to an investor with available capital.
It means, you can apply this investment strategy either you are rich or poor.
~Snio~
Hmm, this topic has been discussed many times but once again I will show up my opinion regarding it through DCA.Everyone has their own perspective and thinking positions, but to be honest in my opinion, the best strategy for accumulating Bitcoin is the DCA strategy. To me, there is no better strategy to accumulate Bitcoin than DCA. Everyone has their own opinion, but I myself believe that DCA is a better strategy to accumulate Bitcion. A DCA usually has a long term investment plan. In which the investment amount is fixed over the period of time to minimize the risk/volatility as well as to secure the profit and grow up your portfolio with the passage of time.
So it means to say that DCA is a reliable strategy, and I will recommend it for everyone for accumulating Bitcoin especially the for the new members.
DCA is the best method but not the only method. Who has no other business or job and who doesn't have much money and who uses this new method here can get complacency. Because there is no fear in this method. If the market price fluctuates. Although it has specufic time, this approach helps beginners to reduce stress.You must not invest with debt,invest from what you have.
Maintaining discipline is the most important aspect of DCA strategy, it’s not about just adopting the strategy but keeping it up and maintaining it for a long time
Good discipline is one of factors to maintain DCA application with time but there is another thing, capital. You need to have a good capital management for DCAing with time and if you don't have capital for DCA at start, you will have to get very good and long lasting jobs to help you receive salary and use part of it for your DCAing.Quote
This is by far the most effective method of investing regardless of how much money you earn, it makes investing possible for a lot of people even low income earners
This strategy works for the rich and the poor with a mandatory condition that they must have capital for DCAing with time. Big or small capital, if they have it, they can use it for DCA strategy.Use this website https://dcabtc.com/ and try with different capital sizes, for example $20 and $50 weekly, in 3 years, you can see results below.
Code:
https://dcabtc.com?sd=2021-09-10&sda=3_years&f=weekly&d=3_years&ac=2000&c=false
https://dcabtc.com?sd=2021-09-10&sda=3_years&f=weekly&d=3_years&ac=5000&c=false
With $20 weekly, total invested capital is $3,140; total value now is $6,433; so ROI is 104.88%.
With $50 weekly, total invested capital is $7,850; total value now is $16,083; so ROI is 104.88%.
Examples show that capital sizes can be different, but if you use same DCA strategy, same intensity (weekly), same period (3 years), ROIs are the same.
Another site you can use is https://costavg.com/
DCA strategy is a very good one and one that should be approached with lots of discipline, commitment and dedication. You should have an emergency fund set aside in order not to tamper with your investments.
You also need to have an accumulation target and consistently make purchases within the supposed intervals to reach the target, else you might stop hair way and sabotage your accumulation journey.
Maintaining discipline is the most important aspect of DCA strategy, it’s not about just adopting the strategy but keeping it up and maintaining it for a long time until you have accumulated enough bitcoin is not very easy it takes a dedicated and well disciplined person to properly implement this strategy and accumulate at regular intervals. You also need to have an accumulation target and consistently make purchases within the supposed intervals to reach the target, else you might stop hair way and sabotage your accumulation journey.
This is by far the most effective method of investing regardless of how much money you earn, it makes investing possible for a lot of people even low income earners but for this strategy to be successful it needs to be well planned with a target goal and well executed that’s why having emergency fund is also important so that you don’t have to always take out of your investment when faced with little life problems. Emergency funds saves your investment for you.
Technically, DCA is not the best strategy. Lump-sum buys are better during a bull trend (which we are in atm). DCA is only best for a smaller window after bitcoin cools off from an all-time high.
Wicked Smart Bitcoin did a study on this and published the results on Twitter: https://x.com/w_s_bitcoin/status/1757102527990977011
Basically, Bitcoin increases in price so much that you miss out on it if you take the time to DCA.
If you already understand bitcoin, then smash buy/lump sum is the better strategy. If you are new to bitcoin, then a DCA is a good way to stack sats while you take the time to study bitcoin and learn more about how it fixes problems in your own life.
Wicked Smart Bitcoin did a study on this and published the results on Twitter: https://x.com/w_s_bitcoin/status/1757102527990977011
Basically, Bitcoin increases in price so much that you miss out on it if you take the time to DCA.
If you already understand bitcoin, then smash buy/lump sum is the better strategy. If you are new to bitcoin, then a DCA is a good way to stack sats while you take the time to study bitcoin and learn more about how it fixes problems in your own life.
As far as I know, only DCA works well for me. That is, you buy using your spare money at a regular basis, meaning you buy regardless if it's a bullish or bearish season. Your main goal is to increase your bitcoin portfolio so you can make a huge income in the future, so its best to follow DCA no matter what. But never reach to a point where you will take a loan so you can follow DCA, that's another story to tell that is already out of the context.
The DCA method is applicable to everyone. I mean those who have disposable income can also start depositing bitcoins through this method be it any small amount of dollars per week or month. However, he should tend to manage for the long term and at the same time should try to create an investment backup fund of 3 months to 6 months so that the situation of withdrawal of investment does not arise in case of emergency. The DCA method recommends you to gradually increase the amount of cash funds for long-term management as the increase in the amount of these funds depends on the increase in valuable Bitcoin holdings.
As far as I know, only DCA works well for me. That is, you buy using your spare money at a regular basis, meaning you buy regardless if it's a bullish or bearish season. Your main goal is to increase your bitcoin portfolio so you can make a huge income in the future, so its best to follow DCA no matter what. But never reach to a point where you will take a loan so you can follow DCA, that's another story to tell that is already out of the context.
this method has been discussed and mentioned a lot in this forum and it is true that it is the best method to be able to accumulate bitcoin slowly with minimal capital. this method is perfect for beginners or people who do not have a lot of money, but want to invest in bitcoin regularly. when they apply this method, they will be able to see how their bitcoin investment will increase over time and then after their goals are achieved, then they can sell their bitcoins. the key to this method is how investors can buy regularly and consistently because many people are impatient and sell immediately when they are only halfway.
people who wants to invest in bitcoin do invest in bitcoin gradually especially people who is afraid to invest, their is something that we need to understand for bitcoin investment, if you want to accumulate your bitcoin I think that the beat strategy to apply for investment is to invest and not bother to withdraw, and when you have the opportunity to invest more you can be purchasing gradually to meet up what you have in mind to invest in bitcoin, so I believe in cryptocurrency investment you don't need to panic for your investment, so therefore you have to calm down and invest. 
My understanding of an hustler is someone that goes out everyday to look for ends meet and not sure wtehrt they’ll get any or not or they may get an income which is not a fixed amount, so people of that caliber may not be able to put a fix price on their investments towards bitcoin using DCA. They can only get to invest as much or little as they can after all important expenses have been sought out. DCA is still applicable to them as it covers all forms of earners.
This is even the reason why we have DCA method for investing bitcoin. Using the DCA method to invest bitcoin you don't even need to have a particular amount of Bitcoin to invest from time to time, it can be any amount that you can afford. DCA isvto make investing bitcoin easy, instead of not buying bitcoin because you think you must only buy specific amount every week or month you can use DCA method to buy any amount that you can afford. Instead of not invest bitcoin because of how stressful it can be to save up money to buy larger amounts of bitcoin you can use DCA amount just to buy any amount that you can afford. DCA method is for all investors irrespective of the financial state one belongs to.
Investing with the DCA technique is indeed a very good technique, whether used on crypto assets or other assets. Because DCA basically makes it easier for investors to store assets without thinking too much about the price and also makes investors organized in collecting their assets. However, I personally don't dare to use this DCA technique on cryptocurrencies other than Bitcoin. Because if, for example, you use the DCA technique on crypto assets such as altcoins, of course the risks are very large. This is because altcoin prices fluctuate and asset security is not guaranteed properly. Because the price of the altcoin we invest in could be worthless. So, to anticipate things like that, I personally only do DCA on Bitcoin. Because Bitcoin's security is guaranteed, apart from that Bitcoin also has a decentralized nature that anticipates Bitcoin's liquidity taking. So using the DCA technique on bitcoin will definitely be much safer and we don't need to worry about the price. Because it is impossible for the Bitcoin price to touch zero. Therefore, doing DCA on bitcoin is the right action.
in addition, DCA will be more convenient to use by investors who allocate funds in a certain period to own Bitcoin. such as employees with monthly salaries who want to invest gradually and consistently grow their portfolio.will be different for investors with large funds or institutions who want to adopt Bitcoin. Of course, they are looking for the best moment to enter into Bitcoin asset ownership.
people talk about the DCA strategy to increase their Bitcoin accumulation. I'm sure many people like and use it.
~Snip
Investing with the DCA technique is indeed a very good technique, whether used on crypto assets or other assets. Because DCA basically makes it easier for investors to store assets without thinking too much about the price and also makes investors organized in collecting their assets. However, I personally don't dare to use this DCA technique on cryptocurrencies other than Bitcoin. Because if, for example, you use the DCA technique on crypto assets such as altcoins, of course the risks are very large. This is because altcoin prices fluctuate and asset security is not guaranteed properly. Because the price of the altcoin we invest in could be worthless. So, to anticipate things like that, I personally only do DCA on Bitcoin. Because Bitcoin's security is guaranteed, apart from that Bitcoin also has a decentralized nature that anticipates Bitcoin's liquidity taking. So using the DCA technique on bitcoin will definitely be much safer and we don't need to worry about the price. Because it is impossible for the Bitcoin price to touch zero. Therefore, doing DCA on bitcoin is the right action. 
Fear is the only reason a lot of investors choose to adopt the DCA method of investing in bitcoin and it is very okay that they understand their risks tolerance which has prompted them to invest in bits at each stage. DCA is the best method for those who can only afford to lose very small portions of their money. While this method may help reduce one's risks, it can also reduce the returns the investor would get when the markets are favourable.
Any strategy (DCA method and lump sum method) can be the best for those who know how to use them. While a risks seeking person may choose to invest in lump sum and get more returns when the price goes up, the risks averse investor will be mindful of how much he invests so he doesn't lose too much if the price falls. Different personalities with different choices.
Any strategy (DCA method and lump sum method) can be the best for those who know how to use them. While a risks seeking person may choose to invest in lump sum and get more returns when the price goes up, the risks averse investor will be mindful of how much he invests so he doesn't lose too much if the price falls. Different personalities with different choices.
Depends on your financial capabilities,time and understanding about bitcoin investment.
Since you can choose between DCA and Lump sum strategy since both of them if good strategy to use. But if you have plenty of time and have lots of resources to spend then choose DCA since this is perfect fit for these type of people. But if you are a busy type of person and your money always came the end or the month or there's schedule on when you can receive it. I guess Lump sump strategy might work for you.
So try to choose and do some research on this presented strategy. So its up to people on what strategy fits for them which they can do without getting any stress for executing it.
Since you can choose between DCA and Lump sum strategy since both of them if good strategy to use. But if you have plenty of time and have lots of resources to spend then choose DCA since this is perfect fit for these type of people. But if you are a busy type of person and your money always came the end or the month or there's schedule on when you can receive it. I guess Lump sump strategy might work for you.
So try to choose and do some research on this presented strategy. So its up to people on what strategy fits for them which they can do without getting any stress for executing it.
Yes, the best way to invest in Bitcoin is to invest in Bitcoin using the DCA method. However, you should plan to continue investing in the DCA method for the long term. If you don't have enough money, now if you can continue to invest small amount from your income in DCA method then at some point your investment amount will be much bigger. DCA method is the best method.
With DCA method, people will have less pressure on original investment capital because they can execute investment with time. Investment capital used for each DCA round can be big or small that simply depends on their financial status and income that is partially available for investment.
The Dollar Cost Averaging (DCA) method of investing is an accessible and progressive strategy that is particularly beneficial for those who cannot afford to purchase large amounts of Bitcoin at once.
The bottom line and usefulness of DCA method is investors don't have to bet all money they have with a single entry. DCA with time and through many rounds can help them to average their investment price and can help them to gradually accumulate significant investment capital with time.If anyone needs examples of investment portfolios and success via DCA methods, I can give two big examples which are famous in this community: MicroStrategy and El Salvador.
https://saylortracker.com/
https://nayibtracker.com/
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