Best method for Bitcoin accumulation. - page 4.

Peanutswar

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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.

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.

asarfiar

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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.

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.

Cryptocurrency is a volatile asset, they are prone to rise and also fall over time which therefore makes DCA the best strategy to use when investing. These regular interval purchases are not affected by the price of the crypto asset and it helps investors stay free of trying to predict the market and enables them to maximize their potential returns and reduce the risk of losing their entire capital if there is a fall in the crypto asset. It also helps in reducing the impact of crypto asset volatility and serves as a hedge against price fluctuations.

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.
I started using this strategy not too long ago and to be honest with you I have accumulated a good number of Bitcoin even as a newbie without putting myself in any kind of pressure, I did it with ease and I'm still accumulating.

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.

You can click on this Links to no and get more ideas about DCA method of accumulation.👇

https://bitcointalksearch.org/topic/m.63840372

https://bitcointalksearch.org/topic/m.63477300

To tell the truth, I am also quite new to this forum, but I still think Bitcoin investment is a long term cost averaging (DCA) good investment strategy. Through the DCA method we get an opportunity to replace our savings in this forum with a long-term investment strategy. Actually about Bitcoin investment we are afraid to invest thinking about its down market, but it is better to count on ourselves to reduce the effect of this volatility and it is reasonable to constantly think about what is happening in the market by buying VIP and HODL. I think Bitcoin investment in cryptocurrency world by adopting DCA strategy will lead to highest value and a big income in future.

Churchillvv

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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.

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Quote from: Peanutswar on June 06, 2024, 06:48:09 PM

If your goal is to make gains from the long term market price movement and you didn't care at all with the current status of Bitcoin DCA is ideal to use because you will contiously making an investment with the market price if it falls back and makes tracement stil you have the same amount but of course people look already a step forward with the Bitcoin potential even this halving year so people more likely accumulate as possible even in the other coins.

Some traders still want to wait a position at the bottom so they get more gains but until when if the market is in bull run possible you get left behind and get fomo or wait for the next halving again.

There is no doubt that the DCA method remains the best for successful trading as it leaves us with money to buy later and something to sell if the market goes up. But one more thing that is worth considering is that the price of Bitcoin has gone up a lot as well as other alternative coins, and if we start doing DCA from here and if the market goes down, we do not pay all the money when we reach our exit point.

Keeping this risk in mind, you should divide the amount you have into such parts that you can reach your potential limit or sleep until Bitcoin or any other alternative can go down to buy up to that point. To say that you have some money means that while doing DCA, you should buy a small amount and not buy such a large amount at once so that when you have to buy the next time if the market is a little lower, then you should have more money left for DCA. Well, one plans and trades according to his budget, and the most successful trader is the one who has already planned according to his budget.

Roseline492

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Quote from: OcTradism on June 06, 2024, 12:20:02 AM

DCA is a good investment strategy for true investors who use their own money for investment and their vision for investment is long term. True investors are different than short term speculators who also spend money but don't want to hold asset for a long time.

Yeah DCA is very good so long as it has to with long term holding, though in as much as DCA strategy is good for investment but doesn't guarantee your risk free on your investment because is only but a strategy but on a normal if they use it properly there is no way somebody will run into trouble on there investment but however it says to very risky if the investors invest aggressively while using it because there is a higher chance that the investors may not actually last longer in there investment. However we also have another method which is called Lump Sum method, though this method is mostly utilized when the Bitcoin price will dip and is only when the investor is financially stable because it involves buying with a lot of money when the price is dip.

Zanab247

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I know there are many methods people use to accumulate profits from the crypto industry, which is working for them and it will be difficult for such people to start using this new method, because it will make them feel they are going to lose their coins.

No matter the method you are using to buy and sell your BTC in the market, make sure you save some money ahead of the bear run so that once the bear run arrive, you can buy and hodl for long period of years, and ensure you have other sources of income that will make you to hodl till the bull run occur before you can trade to accumulate profits.

When you have emergency money, it will help you not to trade your coins during the bear run no matter the situation you are facing in the society, which the money can help you to take care of the situation to fulfill your purpose in the future.

sunsilk

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With the meaning of DCA, it doesn't have to be done in dollars if your local currency isn't that or you're not from the US. OP is right about the actual meaning of it, it's about investing in intervals or should I say a consistent way of investing in whichever amount you're comfortable with.

The key here is about doing it consistently in any season that you may want to do it. Don't also get confused with it because those who have heard of Bitcoin but never invested think that it's hard to invest in it because you have to buy the whole.

No, it doesn't have to be. DCA is the key and it won't force you in buying a whole amount and this is an easy and yet flexible way of investing.

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Quote from: pooya87 on June 07, 2024, 11:04:14 PM

To accumulate bitcoin, there are a lot of ways. I personally consider "earning" bitcoin to be the best method of it since you aren't actually "spending" your money to acquire bitcoin from an exchange. You are spending some time (preferably time you were wasting before) to do some work and earn some bitcoin. It could be simple graphic design jobs to more expert work, or even signature campaigns.

Invest in Bitcoin through directly receiving it as job salary is best way of investment.

I agree with you on this and I can explain more why I think it is best investment way. Working and receiving all or part of salary in Bitcoin will help us to save different fees include trading fee and withdrawal fee. If in salary, the payment method is fiat currency, we will have to use fiat currency to purchase bitcoin, for example on a centralized exchange which will charge us trading fee. Next we have to withdraw bitcoin from that centralized exchange and another fee type will have to paid, withdrawal fee that is not cheap.

The second advantage of this investment way, is we don't have to purchase bitcoin. It will help use to invest in Bitcoin effortlessly and without pressure to find best price to purchase bitcoin.

pooya87

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DCA is an investment strategy which is a subcategory of accumulation.

To accumulate bitcoin, there are a lot of ways. I personally consider "earning" bitcoin to be the best method of it since you aren't actually "spending" your money to acquire bitcoin from an exchange. You are spending some time (preferably time you were wasting before) to do some work and earn some bitcoin. It could be simple graphic design jobs to more expert work, or even signature campaigns.

With the price rising, that would also be a much bigger income when you want to spend it. For example I've earned coins years ago when price was only $300 and now every $1 of it is worth 233x higher at $70000 a bitcoin.

Peanutswar

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If your goal is to make gains from the long term market price movement and you didn't care at all with the current status of Bitcoin DCA is ideal to use because you will contiously making an investment with the market price if it falls back and makes tracement stil you have the same amount but of course people look already a step forward with the Bitcoin potential even this halving year so people more likely accumulate as possible even in the other coins.

Some traders still want to wait a position at the bottom so they get more gains but until when if the market is in bull run possible you get left behind and get fomo or wait for the next halving again.

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Quote from: Lida93 on June 05, 2024, 11:38:57 PM

Never a day goes by that this strategy is not discussed in the forum which makes it not an unfamiliar strategy for forum users. DCA strategy is cognate with Hodling and the application of it to see to a success requires that the individual or the investor must have a reliable and sustainable source of income to maintain the strategy. More so, as JayJuanGee will advise, you have to make for an emergency funds to avoid having your investment plan cut short by unforseen circumstances before it matures. You can as well join in the discussion here>>> Buy the DIP, and HODL!

Yes, DCA is not new anymore as even newbies have been doing it already in order to secure a good amount of bitcoin in the long run. And it’s the most preferred advice by everyone here, to keep on DCAing regardless of how the price moves in the market, so that you will store a huge amount and maximize your bitcoin portfolio in the end. And with that, expect to have massive profits in return. Just separate your emergency funds from your investment funds, so that whatever happens to your investment, at least you still have your emergency funds to count on as not all investments end up in success and profits.

Yucky

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The DCA method is just one of the basic methods that's used in the accumulation of Bitcoin and other assets but isn't really the best approach for everyone. For those that don't have the means to buy large sum of Bitcoin or an asset at a time, DCA can work well for them since it doesn't require them to have all the money intact before buying. But if you have the resource to buy your asset in lump sum, then there is no point of using the DCA methord.

Know that DCA has its own disadvantages just like any other method which is that with DCA method, you're most likely going to buy your asset at times when the price is high and low without necessarily buying during the DIP. If you're someone that follows the DCA methord to the later, you will buy at high prices compared to someone that buys in lump sum or buys during the DIP. It's not the best methord but obviously a good methord but the best strategy could be to use a combination of different methord in accumulating your Bitcoin or asset depending on what works best for you.

moneystery

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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.

348Judah

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DCA method of accumulation is good and as well as being important to consider in bitcoin investment, we are to understand that it's not about the use of this method alone that we need to consider, there are other things we must be able to align ourselves together with while using the method, we must know how to speculate, make use of the chart, take risk, make decision and as well as giving the required timing in other for us to set well our entry point when making the investment, bitcoin is believed as something that we cannot just buy and hold without first taking into consideration our plan for doing so, part of which is on either going short or long with the kind of investment we are taking and how DCA could be the best approach to use.

Obim34

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Do you just see it as the best strategy or you have implemented or yet still in the act of implementing it. You basically just nailed it at the top as the most preferred and profit making strategy, undoubtedly this strategy is one of the most interesting and intellectual strategy to apply in Bitcoin investment, it has been proven worthy of emulation by many investors and also not just for anything, the uniqueness of it is that it does give the investor a safe financial stand during his period of investment.

The DCA method is a nice strategy to attempt and it could aswell be done in addition to a few more strategies, all to maximize profits to be made. If you are all in for Bitcoin investment then try to go through this thread and keep up the conversation, I believe you will learn a lot aswell https://bitcointalksearch.org/topic/m.50638840

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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.

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.

Cryptocurrency is a volatile asset, they are prone to rise and also fall over time which therefore makes DCA the best strategy to use when investing. These regular interval purchases are not affected by the price of the crypto asset and it helps investors stay free of trying to predict the market and enables them to maximize their potential returns and reduce the risk of losing their entire capital if there is a fall in the crypto asset. It also helps in reducing the impact of crypto asset volatility and serves as a hedge against price fluctuations.

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.
I started using this strategy not too long ago and to be honest with you I have accumulated a good number of Bitcoin even as a newbie without putting myself in any kind of pressure, I did it with ease and I'm still accumulating.

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.

You can click on this Links to no and get more ideas about DCA method of accumulation.👇

https://bitcointalksearch.org/topic/m.63840372

https://bitcointalksearch.org/topic/m.63477300

your topic is centered on Bitcoin but your narratives of using the term crypto may tend to generalized functionalities but nevertheless, this kind of thread has been created severally but however, the punch line has always been ended up that your choice or choices of strategy or strategies is not important, what is most important is how you can be able to achieve a reasonable size of Bitcoin irrespective of your strategy or strategies and hold for as long as possibly 4 to 10 years or more of having compound value of your investment over time which that is the only way of having a substantial overall return. A consistent dca is a lead way for every beginners while making other preparations to size other opportunities in the market on your way up. Generally, every investor must tailor down their investment strategy or strategies to suites them interms of their financial capacity, rist tolerance level investment goal and objectives.

Essential10

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Many people use this method to invest. There are many people who invest in bitcoins, even those who are employed as a part of their monthly income, also those who trade and earn weekly or monthly income and deposit money in bitcoins using the DCA method. Bitcoin is very easy to use for those who have a good income system. Many people are confused by the Bitcoin market, for them using the DCA method reduces the fear a lot. You can adopt DCA method by setting specific time. You need to be careful that you don't lose focus by running DCA for a few days, continuing your Bitcoin investment so that you don't fail to meet your goals.

Kristiyana

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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.

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.

Cryptocurrency is a volatile asset, they are prone to rise and also fall over time which therefore makes DCA the best strategy to use when investing. These regular interval purchases are not affected by the price of the crypto asset and it helps investors stay free of trying to predict the market and enables them to maximize their potential returns and reduce the risk of losing their entire capital if there is a fall in the crypto asset. It also helps in reducing the impact of crypto asset volatility and serves as a hedge against price fluctuations.

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.
I started using this strategy not too long ago and to be honest with you I have accumulated a good number of Bitcoin even as a newbie without putting myself in any kind of pressure, I did it with ease and I'm still accumulating.

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.

You can click on this Links to no and get more ideas about DCA method of accumulation.👇

https://bitcointalksearch.org/topic/m.63840372

https://bitcointalksearch.org/topic/m.63477300

Actually you make a very good point, obviously DCA method is very helpful more especially for those investors who can't invest in bulk, so with the help of this DCA method you can be able to accumulate enough bitcoin in your portfolio. However when holding bitcoin is also good to have a stable income unlike as you said earlier is very important this will enable us to leave our bitcoin untouched till when the right time comes.

Bravut

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DCA is one of the best, approachable strategy that can be used anyone when investing in Bitcoin. It presents an opportunity to investors at every market situation, where investors allocate a certain amount of money for buying, accumulating more Bitcoin either weekly, quarterly and monthly based on the investors choice. In a volatile market like Bitcoin where some investors get are confused and afraid of pump or dump, DCA would be of great use were it counter balances price and ensure profits at every level. Always ensure you have build your emergency funds, discretionary funds which the emergency funds at least for 3-6 months.
What fuels this is consistency, discipline and a long term view of the market.

OcTradism

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DCA is a good investment strategy for true investors who use their own money for investment and their vision for investment is long term. True investors are different than short term speculators who also spend money but don't want to hold asset for a long time.

Speculators want to quickly get profit from money spending for purchasing as assets as true investors but differences are in two main things. Capital of speculators can be from their own pockets or from loans, leverages. Their time of holding assets and positions is limited because they will have pressure of margin expiration, loan expiration, margin calls, forced liquidations.

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