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Topic: Best method for Bitcoin accumulation. (Read 1124 times)

hero member
Activity: 2268
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Bitcoin Casino Est. 2013
September 21, 2024, 08:01:00 AM
#83
You are not the first person to discuss about this strategy in the forum I mean it's the most talked about strategy in this forum for investment. But the fact that it is the best method to go about Bitcoin investment doesn't mean one don't have to be discipline, because most people still fumble while using this nice strategy reason because they are not discipline and some accumulate for shot term instead of long term which is not encouraging because one will be accumulating at different price.
If OP did make a research if there's any the same topic as the post then op wouldn't have posted this but as you can see, OP didn't do it so that's why he created this thread. As you have stated, there are discussions already in the forum and all you have to do is to search for it and read it to fully understand what it is or share some insights. Some people might have different ways to accumulate bitcoin so I'd say it all depends on what they want to do yo accumulate bitcoin.
newbie
Activity: 26
Merit: 12
September 21, 2024, 04:02:06 AM
#82
You are not the first person to discuss about this strategy in the forum I mean it's the most talked about strategy in this forum for investment. But the fact that it is the best method to go about Bitcoin investment doesn't mean one don't have to be discipline, because most people still fumble while using this nice strategy reason because they are not discipline and some accumulate for shot term instead of long term which is not encouraging because one will be accumulating at different price.
sr. member
Activity: 602
Merit: 387
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September 18, 2024, 08:58:03 PM
#81
Who doesn't want to go as low as possible when buying a cryptocurrency?
Bargaining with the market to find best price for your entry is headache and many times you can not find that perfect entry price if in your thinking, best entry price means cheapest one.

When opening a trade, even before this action, there are two possible ways for doing this:
- Intend to do safe trade with your trade partner, but want to find as cheapest price for entry as possible. This way, you are intending to do a safe trade and cheapest price must come together with safety of your fund and completion of the trade.
- Intend to find as cheapest price as possible, but don't mind about what is a trade partner you will interact with. This way, you are intending to find "too good to be true offer" and ignore all other factors of your trade partner. This increases risk of having a trade with a likely scammer because scammers usually will set up "too good to be true offers" that help them to find victims more easily.

Quote
Someone willing to invest should do it when they have to, using an investment pattern such as the DCA, or they can simply keep buying with whatever amount of money they can invest regardless of the percentage, etc. Soon enough, they will realize that they haven't been making a mistake by doing that.
DCA is a good strategy but it takes time to accumulate considerable satoshis for your portfolio. No headache with DCA, and you only need to manage your available investment capital that needs to be sustainable and available along your investment journey like months or years.
sr. member
Activity: 336
Merit: 292
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September 18, 2024, 03:43:42 PM
#80
For anyone who is interested on going low and want to also achieve having the best and required maximum holding capacity, then we have to know this that bitcoin is only well know for using DCA in its accumulation, if we want to go free by what we are doing and have the tendencies of a reduced lost rate at the cause of making our investment in bitcoin, some may as well use other patterns, but as we are more concerned here, the use of DCA could drive towards the achievement of once's personal aims for making an investment because lost rate will be minimal.

Who doesn't want to go as low as possible when buying a cryptocurrency? You get more coins for your money and can possibly make better profits in the long run, however, it is believed that no one can perfectly time a financial market, especially a market that is highly unpredictable even for the ones who know the market extremely well. So it's not always a good choice to wait for the prices to go lower because you never know, they can go higher after that point as well.

Someone willing to invest should do it when they have to, using an investment pattern such as the DCA, or they can simply keep buying with whatever amount of money they can invest regardless of the percentage, etc. Soon enough, they will realize that they haven't been making a mistake by doing that.
hero member
Activity: 3080
Merit: 603
September 18, 2024, 02:50:30 PM
#79
For anyone who is interested on going low and want to also achieve having the best and required maximum holding capacity, then we have to know this that bitcoin is only well know for using DCA in its accumulation
There is no required maximum capacity for us whether we accumulate through DCA or lumpsum. Also, it's not only DCA as the only well known strategy for accumulation.

if we want to go free by what we are doing and have the tendencies of a reduced lost rate at the cause of making our investment in bitcoin, some may as well use other patterns, but as we are more concerned here, the use of DCA could drive towards the achievement of once's personal aims for making an investment because lost rate will be minimal.
I agree, the point of following DCA strategy is that you're minimizing your losses. Lumpsum could give you a good day and a bad day as well but the same goes for DCA, we'll still have some losses but it's not that much to think of because we're following a plan that we have set about when to buy and how much we're going to spend. With all of this, the important thing here is we've got plans and when a chosen plan was already made, it's only a matter of making it happen for which many are failing to do it even with the knowledge of how to DCA.
hero member
Activity: 658
Merit: 545
September 18, 2024, 02:45:00 PM
#78
Using part of the money you earn is the best way for investment. You cannot invest all you have in bitcoin; there are many other things that you will cover out there unless you will not have any financial problems, which is impossible, so using part of the money you get in investments is the best option, whether it is weekly or monthly depending on how you earn. I don’t understand what you meant by the people that took too far. Regardless of how you take the investment, don't invest all you have; if not, you may sell some part of it at a loss because you will definitely need money.
Definitely we will have other things to worry about, we will have financial problems and bills to pay so it is not possible to spend all you earn in bitcoin except if you have other source of income that can take carr of your personal needs. It is not even advisable to invest all your money into bitcoin because that will mean that you are investing more than you can afford to lose and will have effect on your investment.

Invest money you can afford to lose and always invest in a way that you will have reserve funds. The best strategy to accumulate bitcoin is the DCA method of investing a fixed amount at regular intervals regardless of how much or how small it is and that way you won’t have to sell your bitcoin as a result of emergency.
full member
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September 18, 2024, 02:59:50 AM
#77
Quote from: Outhue
Everyone seems to be so focused on working and saving money then using small part of their income to invest in Bitcoin, this is not a bad idea but what about people that took things too far? I am very sure that such people exist.

You have to plan yourself ahead, have some emergency fund somewhere, I know someone who have separate account for bills and separate account for emergency purposes, this have saved him more than twice from looking into his crypto portfolio and taking out some money, most investors are only focused on getting paid every month and investing in Bitcoin, to me it is not a safer plan.

Many people have found luck on using that method to accumulate Bitcoin in their portfolio, because they know that they are expecting payment monthly from their organization and the best way to save the funds is to invest part of the funds on Bitcoin to have some potential income to achieve in the future. If you don't have emergency funds around you, it will be difficult for you to be successful with Dollar cost average method, because anything can happen that will make you to need funds to solve the challenge immediately which you cannot trade your Bitcoin at the moment, than to use the emergency fund to solve the challenge to continue accumulating your Bitcoin to fulfill your purpose. But to other investors is a safe plan to wait for their salary to come before they can invest in Bitcoin, because they believe that salary will definitely come before the end of the month before they can invest part of the salary on Bitcoin investment and it is helping them to make progress  with the method.
hero member
Activity: 1050
Merit: 592
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September 17, 2024, 04:55:49 PM
#76
Everyone seems to be so focused on working and saving money then using small part of their income to invest in Bitcoin, this is not a bad idea but what about people that took things too far? I am very sure that such people exist.

You have to plan yourself ahead, have some emergency fund somewhere, I know someone who have separate account for bills and separate account for emergency purposes, this have saved him more than twice from looking into his crypto portfolio and taking out some money, most investors are only focused on getting paid every month and investing in Bitcoin, to me it is not a safer plan.
Investing in Bitcoin requires good planning, firstly one needs to have a steady source of income to think of investing bitcoin.  Having a source of income,  the goal is not just only investment but to be able to manage the money to make investment possible.  Their is need to have emergency fund that is why it always advisable for investors to invest just the amount they can afford to lose, it is not just because of the risk that are there in investing but for one to be able to have savings and fund for emergency.
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.
You just only need to invest based on what your income, you don't need to stress yourself investing with so much money that is beyond your means but just with amount you can afford.  DCA method of investing is very profitable for those that use it in investing bitcoin.
legendary
Activity: 1554
Merit: 1139
September 17, 2024, 04:43:34 PM
#75
most investors are only focused on getting paid every month and investing in Bitcoin, to me it is not a safer plan.
Investing should be smart. In general, I think that if you have spare money (not the last $100 in pocket, but money minus a reserve for current expenses and unforeseen ones), then buy bitcoin. If not, then look for ways to earn this extra money.
It’s the case eventually, one shouldn’t invest and be greedy on themselves. As an individual, you get to understand that you’ve got needs that should be satisfied. The need to invest shouldn’t override other aspect to your living. I get it that investing is important and it’s the one means to ensure you’ve got a future but, your future is also now and so, you do your best to live in the moment even as you secure your future through investments.

That’s why, having to DCA remains one of the ideal method towards investing. It ensures your not making hasty decisions and you’ve still hot about enough to cater for your expenditure.
sr. member
Activity: 672
Merit: 416
stead.builders
September 17, 2024, 03:35:58 PM
#74
For anyone who is interested on going low and want to also achieve having the best and required maximum holding capacity, then we have to know this that bitcoin is only well know for using DCA in its accumulation, if we want to go free by what we are doing and have the tendencies of a reduced lost rate at the cause of making our investment in bitcoin, some may as well use other patterns, but as we are more concerned here, the use of DCA could drive towards the achievement of once's personal aims for making an investment because lost rate will be minimal.
sr. member
Activity: 714
Merit: 353
September 17, 2024, 01:46:17 PM
#73
Everyone seems to be so focused on working and saving money then using small part of their income to invest in Bitcoin, this is not a bad idea but what about people that took things too far? I am very sure that such people exist.

Using part of the money you earn is the best way for investment. You cannot invest all you have in bitcoin; there are many other things that you will cover out there unless you will not have any financial problems, which is impossible, so using part of the money you get in investments is the best option, whether it is weekly or monthly depending on how you earn. I don’t understand what you meant by the people that took too far. Regardless of how you take the investment, don't invest all you have; if not, you may sell some part of it at a loss because you will definitely need money.

I disagree if anyone use all money to purchase bitcoin and split it to three parts. Then one of three parts will be reserved for long term holding as investment; while rest two parts will be used for paying bills and emergencies. I disagree with this approach because you will have to sell your bitcoin for paying bills or emergencies anytime and at any price when you have to sell your coin. You can get loss with your selling for bills and emergencies.

Investing all you have and then later separate them in the name of using some part of it for emergency needs and daily expenses is bullshit. That investor will later sell out everything in both wallets because I believe he will be selling at lost since the market is not going up all the time you may invest now and after that investment the market will crash for weeks or months at this time he must be selling what he has already invested at lost.
full member
Activity: 420
Merit: 120
September 17, 2024, 11:10:35 AM
#72
You have to plan yourself ahead, have some emergency fund somewhere, I know someone who have separate account for bills and separate account for emergency purposes, this have saved him more than twice from looking into his crypto portfolio and taking out some money, most investors are only focused on getting paid every month and investing in Bitcoin, to me it is not a safer plan.
If you want to invest well, without headache of bill callings, urgent callings, you will split your capital to three parts: 1 for investment; 1 for regular bills; and last 1 for emergency. This means the first part for investment will be nearly untouched for paying bills or emergencies. The rest two parts will be used only for bill (second part) or emergencies (third part).

I disagree if anyone use all money to purchase bitcoin and split it to three parts. Then one of three parts will be reserved for long term holding as investment; while rest two parts will be used for paying bills and emergencies. I disagree with this approach because you will have to sell your bitcoin for paying bills or emergencies anytime and at any price when you have to sell your coin. You can get loss with your selling for bills and emergencies.
legendary
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Crypto Casino and Sportsbook
September 17, 2024, 11:03:02 AM
#71
You have to plan yourself ahead, have some emergency fund somewhere, I know someone who have separate account for bills and separate account for emergency purposes,
Well, then should add another account for investing. That is, entire budget should be divided into 1) an account for current expenses, 2) an account for unexpected expenses, 3) an account for investing.

this have saved him more than twice from looking into his crypto portfolio and taking out some money,
In this case, you will be lucky if the cryptomarket is in a growth phase at the time of withdrawal of funds, but I would not count on it and here a reserve account for unforeseen expenses would come in handy.

most investors are only focused on getting paid every month and investing in Bitcoin, to me it is not a safer plan.
Investing should be smart. In general, I think that if you have spare money (not the last $100 in pocket, but money minus a reserve for current expenses and unforeseen ones), then buy bitcoin. If not, then look for ways to earn this extra money.
sr. member
Activity: 686
Merit: 403
September 17, 2024, 07:25:38 AM
#70
Everyone seems to be so focused on working and saving money then using small part of their income to invest in Bitcoin, this is not a bad idea but what about people that took things too far? I am very sure that such people exist.

You have to plan yourself ahead, have some emergency fund somewhere, I know someone who have separate account for bills and separate account for emergency purposes, this have saved him more than twice from looking into his crypto portfolio and taking out some money, most investors are only focused on getting paid every month and investing in Bitcoin, to me it is not a safer plan.

sr. member
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September 17, 2024, 06:45:28 AM
#69
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.
The DCA strategy is one of the best strategies when accumulating bitcoin on a long-term basis because it has helped so many investors achieve their goals in bitcoin investment. The DCA strategy comes with a lot of benefits: it allows investors to accumulate bitcoin at any given price because they know if the price of bitcoin drops, the DCA strategy will still allow them to accumulate bitcoin in a dip, and the DCA strategy also helps to control emotions, which will give investors rest of mind and they will not think about buying bitcoin at a high price. Bitcoin investment is a long-term investment, so any investor investing in bitcoin with any strategy also needs to keep emergency funds, reserve funds, and float so that he or she will not sell his bitcoin at a loss to survive.
sr. member
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Fully Regulated Crypto Casino
September 16, 2024, 03:47:03 AM
#68
DCA strategy or the lump sum strategy of investment, has always been a go to strategy for many oldies who have accumulated BTC or any other cryptocurrency before and want to do so again because they understand the market better and have a source of income that is ready to be used.
While DCA strategy will demand discipline from the investor, a lump sum strategy will only require occasional input until one is satisfied enough to either diversify their portfolio or reinvest.

When it comes to accumulation of Bitcoin for long-term, the first strategy that an old investor would think of is the DCA, it's one of the best method if not the best for stocking your portfolio over a long period but I think the best Cryptocurrency to DCA with is Bitcoin because it involves long-term investment, most other Cryptocurrencies are for short-term goals since they're pump and dumps. Also the DCA is not for jobless people, an investor must have steady income to participate in the DCA, cause with steady income, the investor would be able to buy at any interval that's suitable to them, be it weekly or monthly regardless of whether the market dips or an upsurge. However, irrespective of any other Strategies, I think I love the DCA strategy mostly cause it helps and investor to main discipline, normalise saving over time, which is very important.
jr. member
Activity: 70
Merit: 1
September 16, 2024, 02:21:28 AM
#67
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.

Hmm, Agreed, as for newbies I won't say anything but if you now know the basics of investment and the crypto market, especially about Bitcoin, you should go for the hybrid strategy for the efficient accumulation, I know DCA is a good one, but it is the risk optimized strategy for those who are new and don't have time to analyze the market trends & fundamentals and developments, at the same time if you got some experience and little time, a multi-targeted strategy with a little higher risk can reward you in much more cheaper accumulation. That's why I always enforce to recommend a hybrid strategy rather than relying on the traditional DCA method.

Hybrid strategy is one option that can be utilized when you already understand how the market works and take bitcoin at a potential time as well as the risk and profit that can be taken by someone, So far the most consistent DCA provides quite large profits, as long as purchases are made at bitcoin prices such as Q4 2022 to the end of 2023, it is a gift that can be maximized, but it is a scary place, in essence DCA can also be very sharp and provide huge profits if at the right moment and with a strong and brave hand.

In my opinion, with DCA, the only thing that is at stake is time itself.
Of course, if a person has enough time and expertise to get the charts and metrics analyzed - he can go in that direction too, but DCA is for those whose investments would be covered by the volatility and its effects, especially going in into the BTC, because that's where this strat is used (in my opinion).
full member
Activity: 952
Merit: 232
September 16, 2024, 02:13:08 AM
#66
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.

Hmm, Agreed, as for newbies I won't say anything but if you now know the basics of investment and the crypto market, especially about Bitcoin, you should go for the hybrid strategy for the efficient accumulation, I know DCA is a good one, but it is the risk optimized strategy for those who are new and don't have time to analyze the market trends & fundamentals and developments, at the same time if you got some experience and little time, a multi-targeted strategy with a little higher risk can reward you in much more cheaper accumulation. That's why I always enforce to recommend a hybrid strategy rather than relying on the traditional DCA method.
DCA strategy or the lump sum strategy of investment, has always been a go to strategy for many oldies who have accumulated BTC or any other cryptocurrency before and want to do so again because they understand the market better and have a source of income that is ready to be used.
While DCA strategy will demand discipline from the investor, a lump sum strategy will only require occasional input until one is satisfied enough to either diversify their portfolio or reinvest.

However, the hybrid strategy works very well for those who may not be able to meet up with the demands of discipline that a DCA strategy would require. It would help an investor reduce market timing risks, enjoy immediate market positions and adapt to changing market scenarios and personal financial goals.
legendary
Activity: 1204
Merit: 1005
September 15, 2024, 07:12:45 PM
#65
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.

Hmm, Agreed, as for newbies I won't say anything but if you now know the basics of investment and the crypto market, especially about Bitcoin, you should go for the hybrid strategy for the efficient accumulation, I know DCA is a good one, but it is the risk optimized strategy for those who are new and don't have time to analyze the market trends & fundamentals and developments, at the same time if you got some experience and little time, a multi-targeted strategy with a little higher risk can reward you in much more cheaper accumulation. That's why I always enforce to recommend a hybrid strategy rather than relying on the traditional DCA method.

Hybrid strategy is one option that can be utilized when you already understand how the market works and take bitcoin at a potential time as well as the risk and profit that can be taken by someone, So far the most consistent DCA provides quite large profits, as long as purchases are made at bitcoin prices such as Q4 2022 to the end of 2023, it is a gift that can be maximized, but it is a scary place, in essence DCA can also be very sharp and provide huge profits if at the right moment and with a strong and brave hand.
legendary
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September 15, 2024, 04:13:13 PM
#64
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.

Hmm, Agreed, as for newbies I won't say anything but if you now know the basics of investment and the crypto market, especially about Bitcoin, you should go for the hybrid strategy for the efficient accumulation, I know DCA is a good one, but it is the risk optimized strategy for those who are new and don't have time to analyze the market trends & fundamentals and developments, at the same time if you got some experience and little time, a multi-targeted strategy with a little higher risk can reward you in much more cheaper accumulation. That's why I always enforce to recommend a hybrid strategy rather than relying on the traditional DCA method.
legendary
Activity: 2716
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Once a man, twice a child!
September 15, 2024, 01:28:35 PM
#63
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.
sr. member
Activity: 588
Merit: 338
September 15, 2024, 12:20:45 PM
#62
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.
full member
Activity: 588
Merit: 119
Epsiloan Protocol
September 15, 2024, 11:24:44 AM
#61
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.
newbie
Activity: 61
Merit: 0
September 15, 2024, 11:00:42 AM
#60
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.
legendary
Activity: 2268
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To the Moon
September 15, 2024, 10:26:46 AM
#59
...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.

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.
full member
Activity: 420
Merit: 120
September 13, 2024, 10:29:35 PM
#58
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.

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.
sr. member
Activity: 854
Merit: 364
I ❤️Bitcoin
September 13, 2024, 06:38:20 PM
#57
~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.
member
Activity: 113
Merit: 47
September 10, 2024, 12:46:19 PM
#56
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.
legendary
Activity: 2044
Merit: 1018
Not your keys, not your coins!
September 10, 2024, 08:59:00 AM
#55
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/
hero member
Activity: 658
Merit: 545
September 10, 2024, 05:21:26 AM
#54
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.

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.

member
Activity: 246
Merit: 93
Humble Bitcoin Stacktivist
September 09, 2024, 02:17:09 PM
#53
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.
member
Activity: 174
Merit: 50
Buzz App - Spin wheel, farm rewards
September 09, 2024, 11:27:35 AM
#52
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.
hero member
Activity: 3178
Merit: 661
Live with peace and enjoy life!
September 05, 2024, 04:59:33 PM
#51
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.
full member
Activity: 700
Merit: 205
September 05, 2024, 02:00:27 PM
#50
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.
hero member
Activity: 1050
Merit: 592
God is great
September 04, 2024, 11:59:30 AM
#49
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.
hero member
Activity: 1246
Merit: 699
September 04, 2024, 10:22:01 AM
#48
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.
sr. member
Activity: 812
Merit: 365
September 04, 2024, 03:49:42 AM
#47
~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.
sr. member
Activity: 616
Merit: 271
September 03, 2024, 05:00:49 PM
#46
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.
legendary
Activity: 2758
Merit: 1228
September 03, 2024, 06:14:45 AM
#45
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.
hero member
Activity: 1722
Merit: 801
September 02, 2024, 11:33:42 PM
#44
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/
sr. member
Activity: 364
Merit: 308
September 02, 2024, 11:19:02 PM
#43
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.
sr. member
Activity: 532
Merit: 345
Catalog Websites
September 02, 2024, 09:41:18 PM
#42
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.
sr. member
Activity: 434
Merit: 199
September 02, 2024, 01:24:19 PM
#41
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.
newbie
Activity: 37
Merit: 0
September 02, 2024, 12:21:26 PM
#40
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.  
hero member
Activity: 1036
Merit: 674
September 02, 2024, 08:09:49 AM
#39
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.
full member
Activity: 1358
Merit: 207
Catalog Websites
September 02, 2024, 07:38:32 AM
#38
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.

Quote
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.
sr. member
Activity: 952
Merit: 275
August 31, 2024, 01:46:53 PM
#37
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.
sr. member
Activity: 714
Merit: 353
August 31, 2024, 01:21:34 PM
#36
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. 

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. 
full member
Activity: 448
Merit: 163
August 30, 2024, 03:04:58 PM
#35
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.
investment.
Quote

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.
sr. member
Activity: 308
Merit: 256
August 30, 2024, 01:14:32 PM
#34
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.
hero member
Activity: 3024
Merit: 745
Top Crypto Casino
August 05, 2024, 04:13:58 PM
#33
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.
sr. member
Activity: 714
Merit: 353
August 05, 2024, 04:10:01 PM
#32
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.
member
Activity: 158
Merit: 21
August 05, 2024, 03:47:16 PM
#31
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 .
legendary
Activity: 1288
Merit: 1081
Goodnight, o_e_l_e_o 🌹
August 02, 2024, 03:32:41 PM
#30
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.

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.
hero member
Activity: 840
Merit: 570
August 02, 2024, 01:50:32 PM
#29
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.
full member
Activity: 490
Merit: 209
August 02, 2024, 10:34:28 AM
#28
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.
sr. member
Activity: 490
Merit: 346
Let love lead
August 01, 2024, 02:02:37 PM
#27
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.
jr. member
Activity: 341
Merit: 4
July 31, 2024, 11:40:03 AM
#26
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.
sr. member
Activity: 322
Merit: 260
Catalog Websites
July 30, 2024, 09:21:37 PM
#25
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.
sr. member
Activity: 364
Merit: 308
July 30, 2024, 08:19:28 PM
#24
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.
legendary
Activity: 1708
Merit: 1280
Top Crypto Casino
July 30, 2024, 09:47:32 AM
#23
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.
member
Activity: 50
Merit: 0
July 29, 2024, 07:04:34 AM
#22
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.
member
Activity: 66
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Eloncoin.org - Mars, here we come!
June 11, 2024, 06:02:47 AM
#21
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.
hero member
Activity: 2828
Merit: 611
June 11, 2024, 04:51:52 AM
#20
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.
sr. member
Activity: 476
Merit: 276
June 11, 2024, 02:32:42 AM
#19
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.
full member
Activity: 1358
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Catalog Websites
June 10, 2024, 01:05:31 PM
#18
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.
hero member
Activity: 3038
Merit: 634
June 07, 2024, 11:40:41 PM
#17
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.
sr. member
Activity: 854
Merit: 424
I stand with Ukraine!
June 07, 2024, 11:14:42 PM
#16
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.
legendary
Activity: 3472
Merit: 10611
June 07, 2024, 11:04:14 PM
#15
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.
legendary
Activity: 1708
Merit: 1280
Top Crypto Casino
June 06, 2024, 06:48:09 PM
#14
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.
hero member
Activity: 3052
Merit: 606
June 06, 2024, 03:24:08 PM
#13
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.
full member
Activity: 126
Merit: 94
June 06, 2024, 12:00:22 PM
#12
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.
full member
Activity: 868
Merit: 202
June 06, 2024, 10:15:01 AM
#11
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.
hero member
Activity: 714
Merit: 521
June 06, 2024, 10:08:37 AM
#10
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.
sr. member
Activity: 224
Merit: 195
June 06, 2024, 10:02:34 AM
#9
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
sr. member
Activity: 308
Merit: 256
June 06, 2024, 09:46:46 AM
#8
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.
full member
Activity: 448
Merit: 130
June 06, 2024, 07:29:27 AM
#7
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.
member
Activity: 210
Merit: 36
June 06, 2024, 06:53:57 AM
#6
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.
member
Activity: 224
Merit: 42
June 06, 2024, 06:49:52 AM
#5
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.
hero member
Activity: 1722
Merit: 801
June 06, 2024, 12:20:02 AM
#4
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.
hero member
Activity: 938
Merit: 605
Leading Crypto Sports Betting & Casino Platform
June 05, 2024, 11:38:57 PM
#3
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!
sr. member
Activity: 1274
Merit: 337
Enterapp Pre-Sale Live
June 05, 2024, 10:44:20 PM
#2
This type of strategy has been discussed many times in forums and Bitcoin investors from the Bitcointalk forum or outside the forum are familiar with the Dollar-Cost Averaging (DCA) strategy. The price volatility that continues to change every second allows Bitcoin investors to use the DCA strategy to buy Bitcoin periodically in an unspecified time.
If you don't want to miss the boat when Bitcoin heads back to the moon, The best choice currently for Bitcoin investment is BUY the DIP and HODL, do it continuously without caring about what happens in the market. Never hesitate to do it, doubts and worries will pay off when Bitcoin has reached or broken the highest price it has ever achieved before.
jr. member
Activity: 42
Merit: 10
June 05, 2024, 07:21:53 PM
#1
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
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