Best method for Bitcoin accumulation. - page 3.

cryptoWODL

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Quote from: Bd officer on September 02, 2024, 09:41:18 PM

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. However don't invest more than you can lose, invest what you can afford to lose.

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. For which they can use this method to purchase bitcoins in small amounts as per their wish. Since we buy bitcoins in small amount on weekly or monthly basis in this way for investment it is better to hold it for long time. Because if you buy small amount of bitcoin and hold it for short term then your bitcoin may not be much. If you buy a small amount over a period of time and hold it for a long period of time, your investment will grow to a large size over time.

For this reason, those who adopt the DCA strategy in their Bitcoin investments must have a long-term investment mindset. Moreover, if you adopt this method, there is no need to wait for the dip season in the market because you can buy whenever you get the chance, i.e. be ready to buy immediately.

Bd officer

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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. However don't invest more than you can lose, invest what you can afford to lose.

Jegileman

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Quote from: Dzwaafu11 on August 05, 2024, 04:10:01 PM

DCA is one of the best methods for bitcoin investment. especially for people investing monthly or weekly after getting paid from their hustle, they can easily invest the amount they wish they could invest in bitcoin through the DCA method, and it will also give them more confidence in checking the market because many people who use another method that they don't understand much will wait and make some calculations before they even know

whether their investment will increase or decrease, which makes some people sell when they see the market crash to the extent they did not expect, but using DCA they will easily understand it and will even stop them from selling because they know that the price is not up to what they invested.

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.

The mindset of having to tell yourself that you want to invest in bitcoin and you won’t allow any thought to stop you from that investment will make it more easy to enjoy your investment in bitcoin. When your mindset is still not stable and you’re always panicking at every price change, it can easily distort your investment and make you not to do away with your investment in bitcoin without touching it. You’ll definitely be prompted to touch it and you’ll always sell at loss which is not a quality of a bitcoin investor.

Krishna1942

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This looks like investing in stock market mutual funds on sip basis (systematic investment plan) where you invest fixed amount monthly and as per market price we get certain units.
If market correct too much then we get more units after resuming uptrend we will be in profit.

Mr.right85

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Quote from: Justinapeter on June 05, 2024, 07:21:53 PM

Dollar-Cost Averaging (DCA) It means investing a given amount of funds at regular interval in a particular investment for a given period of time regardless of assets price.

A not so much looked about detail of the DCA strategy is that, you don’t have a constant amount of money your to invest with and the period isn’t really that regular. That’s a high level of freedom for the investor. You get to do what you like about how you choose to go about your DCA strategy without anyone having to dictate on how it all rolls out. You just have to make sure your not procrastinating and be deliberate about it.

Zanab247

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Quote from: Crypt0Gore

Your DCA becomes better and more effective on the lows, I will prefer to use the chart to DCA, there are better times to do this than when the price of Bitcoin is already over its all time high, do not DCA in a full blown top, it is stupid.

You can do it whenever you have money in your hand, and it will accumulate your BTC in your portfolio, as a newbies, if you want to make use of the dollar cost average DCA, it will make you to achieve what you want from bull season.

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This is why we have bear market and bull market, DCA when the market is in shambles, when every one is screaming bear market and also use the greed index, this tool is available on coinmarketcap, when the greed index is in full fear it is a good time to start buying Bitcoin.

Bear market is the best season for newbies to make use of this strategy DCA, to accumulate BTC in their portfolio because it will allow them to buy plenty of BTC, but if they make use of bull season, it will be hard for them to buy plenty of BTC because the price of the market will be too high for them which is the reason why newbies need to make use of bear season to accumulate BTC in their portfolio. As it stand now, I don't think majority of buyers will make use of this current price to buy BTC than to wait for the price to dump back to $40k before they can buy and hodl for future purpose.

Crypt0Gore

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Your DCA becomes better and more effective on the lows, I will prefer to use the chart to DCA, there are better times to do this than when the price of Bitcoin is already over its all time high, do not DCA in a full blown top, it is stupid.

This is why we have bear market and bull market, DCA when the market is in shambles, when every one is screaming bear market and also use the greed index, this tool is available on coinmarketcap, when the greed index is in full fear it is a good time to start buying Bitcoin.

As a beginner you can't even tell the difference this is why learning first before anything is the best.

Dzwaafu11

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Quote from: Justinapeter on June 05, 2024, 07:21:53 PM

I don't know if anyone has talked about this before in this forum if anyone has done it before please pardon me I'm ignorant.

Many have discussed this method of investing in bitcoin many times on the forum, but bringing it up again is not a big deal. The main idea is that you should copy another person's claim as your own. Bringing it up again will help newcomers that were not here when the others were dropped.

Quote from: Justinapeter on June 05, 2024, 07:21:53 PM

Dollar-Cost Averaging (DCA) It means investing a given amount of funds at regular interval in a particular investment for a given period of time regardless of assets price.

Dollars Cost Average (DCA) is the best method of investing in bitcoin without being worried of the current price of bitcoin. What I like about this method is that you can be investing in it maybe weekly or monthly depending on how you earn money, and even if the market is red, you won’t worry yourself; that will even make you sell the investment; it will also easily make you remember the amount of dollars you have invested in so far.

AYOBA

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Quote from: Justinapeter on June 05, 2024, 07:21:53 PM

I don't know if anyone has talked about this before in this forum if anyone has done it before please pardon me I'm ignorant.

Good application of DCA depends on knowledge and understanding of the market. If used correctly, this strategy can reduce the risks of losses while increasing profit potential along the way. It’s worth remembering that the successful application of DCA depends on numerous factors. For this reason, it’s best to make your own calculations based on your investing goals before getting started. It is the best approach for individuals who are not professional investors. It can save an investor a lot of effort trying to time the market in order to get the best prices. It is a tool for investing slowly and consistently and it aims to protect against the human tendency of greed.

Actually the best key of DCA is the is by having a enough knowledge and also comprehend everything about the market, and once you have knows all this you will not have too much losing anymore, but some people didn’t not the secret of the investment they will just go and start the investments without knows the keys points of the investment that is why some easily lose when they come to invest.
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Before using this strategy make sure you have a source of income and also try your best to have an emergency fund in other to help you cover up any emergency issues without dipping hands into your Bitcoin investment.

Anyone who want to become successful person in bitcoins investment most have to get another success of income, so that it can invest in long periods of time, but if a person didn’t have any others success of income it will never enjoy the Bitcoin investment, because not all your plans can go according how you want it they might be a emergency issues that will across at you any moment.

Tmoonz

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Quote from: Dzwaafu11 on August 05, 2024, 04:10:01 PM

Quote from: moneystery on June 06, 2024, 10:15:01 AM

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.

DCA is one of the best methods for bitcoin investment. especially for people investing monthly or weekly after getting paid from their hustle, they can easily invest the amount they wish they could invest in bitcoin through the DCA method, and it will also give them more confidence in checking the market because many people who use another method that they don't understand much will wait and make some calculations before they even know

whether their investment will increase or decrease, which makes some people sell when they see the market crash to the extent they did not expect, but using DCA they will easily understand it and will even stop them from selling because they know that the price is not up to what they invested.

The DCA helps a lot especially mitigating the short term price volatility, by making purchase of Bitcoin on different price point hence averaging the share loss, the dca also helps an inexperienced to come in to the market even without having much of the knowledge as they learn while already in the market, the DCA strategy helps an investor to increase the size of their Bitcoin holding by buying Bitcoin frequently either weekly or monthly, it helps an investor to invest in Bitcoin over a long period of time, the benefits of the DCA strategy are too numerous to mention making it a very good strategy.

tabas

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Quote from: Sonia_123 on August 05, 2024, 03:47:16 PM

The best method for Bitcoin accumulation is the DCA Strategy, which allow investor to buy Bitcoin because it's risk is low,it increases the zeal to be serious and consistent in investing,which minimizes your cost and gives you a stress free investment . Using dca Strategy help you have a fixed amount to invest and accumulate always either daily,weekly, monthly or yearly for as long as you want it,maybe 5 years to 10 years,no matter how much the share price turns out to be,this strategy is also often used for stocks or mutual funds because of its low risk .

It's more than a commitment when someone does DCA. That's because you've got a long term plan and you believe in what you're doing. Say 5-10 years of consistently doing it? what it will bring you as a practice is more beneficial and as well as the result of it in the long run. The risk that you're taking is being reduced because you don't mind what the market condition is and all you have to do is to do it consistently whether the market is in turmoil and all of the global markets are down. Which if it is down, that's a way better time to buy than to do it on ATHs and peak of the market. And remembering this method, you need to be dedicated and if you're struggling in doing it, just think what kind of hard you want to have in life by sacrificing as early as now through this method.

Dzwaafu11

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Quote from: moneystery on June 06, 2024, 10:15:01 AM

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.

DCA is one of the best methods for bitcoin investment. especially for people investing monthly or weekly after getting paid from their hustle, they can easily invest the amount they wish they could invest in bitcoin through the DCA method, and it will also give them more confidence in checking the market because many people who use another method that they don't understand much will wait and make some calculations before they even know

whether their investment will increase or decrease, which makes some people sell when they see the market crash to the extent they did not expect, but using DCA they will easily understand it and will even stop them from selling because they know that the price is not up to what they invested.

Sonia_123

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The best method for Bitcoin accumulation is the DCA Strategy, which allow investor to buy Bitcoin because it's risk is low,it increases the zeal to be serious and consistent in investing,which minimizes your cost and gives you a stress free investment . Using dca Strategy help you have a fixed amount to invest and accumulate always either daily,weekly, monthly or yearly for as long as you want it,maybe 5 years to 10 years,no matter how much the share price turns out to be,this strategy is also often used for stocks or mutual funds because of its low risk .

KingsDen

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Thank you for this topic about DCA. It is great, probably my first time seeing such a post about DCA. I will start to apply it today.

Quote from: Justinapeter on June 05, 2024, 07:21:53 PM

Good application of DCA depends on knowledge and understanding of the market.

DCA tend to eliminate all the difficulties of the market for you so that you buy in average, be it on losses or gains. So, it doesn't have to do with the knowledge of the market, reading the charts, candlesticks or waiting on the fundamentals. In DCA, too much understanding is not needed especially if you are going on a long run.

SOKO-DEKE

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Quote from: Peanutswar on July 30, 2024, 09:47:32 AM

If you are not quite active in watching the market and keep doing spot trading this strategy is the most suitable all you need is to accumulate as possible and wait for the next all time high of the market. For sure this coming market trend people keep doing hold their asset because the halving ends already and if you check with the bitcoin rainbow chart the bitcoin shows its pattern already, I'm not saying its hundred percent accurate but its already happened before. Also don't forget to hold some alts too we know the its just follows the bitcoin trend so its good not put all of your money in just bitcoin itself.

As for me, I don't have much time to be watching the market always, and that can't stop me from having the opportunity to make a profit from my Bitcoin investment. So far, I can hold my Bitcoin for some period of term. If we are to say the most suitable strategy for accumulating Bitcoin is DCA, this strategy always gives people the opportunity to be buying Bitcoin at different prices. So, with this DCA strategy, someone cannot be timing the Bitcoin market price.

Timing the Bitcoin market price is not bad, but the truth is that timing sometimes can be a waste of time because the Bitcoin price may not actually come down to the level you may want to buy it. That can make someone keep waiting for the long term and finally not be able to buy Bitcoin again. The set of people that I think should always have their eyes on the market are traders.

Baki202

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Quote from: Peanutswar on July 30, 2024, 09:47:32 AM

If you are not quite active in watching the market and keep doing spot trading this strategy is the most suitable all you need is to accumulate as possible and wait for the next all time high of the market. For sure this coming market trend people keep doing hold their asset because the halving ends already and if you check with the bitcoin rainbow chart the bitcoin shows its pattern already, I'm not saying its hundred percent accurate but its already happened before. Also don't forget to hold some alts too we know the its just follows the bitcoin trend so its good not put all of your money in just bitcoin itself.

Watching the markets, we actually take notes of when to buy and when to sell because a lot of people don't actually dont understand how to make money from the market, The market Matters a lot Because there is no way you won't make money when you understand how it's actually works so focusing on the market is as important as the investment itself. And if it is spot Then less risk when you do spot trading. Just doing futures brings bigger money compared to focusing on spot trading, So when you want to trade, I will suggest you do futures time to time. Because it is not everybody that's holding will actually benefits if I could remember During the halving there, was a lot of expectations. That bitcoin price was suppose to record one of the greatest all-time high halving Did actually happen but did not meet the expectation so very good advice if you want to go into trading at the same time you can also hold for a very long time since they are both Strategy you can make money from.

DubemIfedigbo001

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Let love lead

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.

xvacator

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Many people already in crypto know DCA is the best method for those who want to investing in Bitcoin. They can schedule when they can buy Bitcoin using allocation money that they already prepared. They stick to their schedule to buy Bitcoin although that means they can not buy many Bitcoin at once but DCA method gives them a way to saving more amount of satoshi.

The only problem people face is they must have a source of income to start and know how much money they can use to invest in Bitcoin. If they are unemployment, they will difficult to start as they can not get much free satoshi from faucet. But if they really want to have Bitcoin using DCA, they will find out the way and will start immediately when they already have money.

Rustam Meraj

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Quote from: Churchillvv on June 11, 2024, 06:02:47 AM

Dollar Cost Averaging (DCA) is what most people consider best strategy to invest in bitcoin as it has more benefits compared to every other strategy. Some of its benefits are the convenience and comfortablity it offers when investing in bitcoin as it reduces ones stress on what and how one should invest as long as you are doing it gradually.

But personally what I consider best strategy is any strategy that you're comfortable with, because our life conditions varies so exactly how what we consider comfortable varies. so I would advise anyone to choose that strategy that seems comfortable to them and not the society or community says is best.

DCA is good way to invest in bitcoin because it is easy and reduces stress and emotions. But I also think best way to invest is way that works best for you. Everyone has financial situation and it is different so what works for one person may not work for other. It is good to choose investment strategy that makes us feel comfortable and help us reach our financial goals which we have planned. We do not worry about what others think is best we should choose that which works for us. This way we will be more likely to stick with it and succeed in our bitcoin investments.

cryptoWODL

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Quote from: Justinapeter on June 05, 2024, 07:21:53 PM

I don't know if anyone has talked about this before in this forum if anyone has done it before please pardon me I'm ignorant.

This type of strategy has been discussed many times in forums and is even currently being discussed in the Economics (Speculation) Board. Visit this link where every day our senior and junior members of this forum continue to discuss together. Moreover, if we want to gain more knowledge about this proposed strategy, then we can read various articles on Google to know the details.

OP I think It can be the best way to collect bitcoins for those who can collect bitcoins according to their ability. Dollar Cost Averaging (DCA) method of investing is an obtainable strategy for everyone even considered as one of the best and recommended strategies. This approach creates opportunities for investors in any market situation, resulting in investors buying whatever amount of Bitcoin they can afford, whether small or large. There are also many investors who keep some percentage of their monthly salary and invest it in Bitcoin in DCA method even accumulate Bitcoin in the portfolio on a monthly basis.

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