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Quote from: jossiel on March 27, 2024, 06:34:23 PM

Quote from: Spaceman1000$ on March 27, 2024, 10:00:29 AM

DCAing don't really matter if the market is high or low, so you don't have to wait till the market value goes down before investing. I agree with you about having an additional income or having a major source of income if you want to apply the DCA method, however making one big investment too is another strategy which is mostly the long sum method, which for me I believe is for people that have the purchasing powers to do so, however the whole idea is to best use a strategy that suits your income.

Just make sure that when you DCA, you're not spending the money that you're going to use for your food or utilities.

That's the reason why it is important to consider as well on what kind of money you'll use as you DCA. But some investors goes to the tough path and they're spending money that's allotted into something important but they are sacrificing that expenses to buy Bitcoin.

But don't do that, it's why we're all advising everyone to have some other source of income and only invest what you can afford to lose.

Secondly, we should not be concerned with wanting to buy every bitcoin dip when we do not have enough money to cover that. We should have a good income source and use 10% of our salary to accumulate bitcoin with the DCA strategy since bitcoin is a long-term investment, so we will have enough money left to take care of our financial needs.

Tmoonz

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Quote from: Kwarkam on March 28, 2024, 11:59:02 AM

Quote from: Samlucky O on March 25, 2024, 10:50:24 PM

Quote from: Kwarkam on March 25, 2024, 08:59:46 PM

I left for a while to get ahead with some research concerning what DCA is all about, so basically it's all about splitting your capital into equal parts and investing then on intervals, so let's say I have 500$ to invest in bitcoin, I can just divide it into 4 parts which would be 125$ and invest them weekly,

Not exactly what they mean. Because from your explanation you sound like dividing your income into 4 parts and be investing %25 every week, if that is what you mean you got it wrong. Investing in DCA can be quit different from people narrative, First of all you have to get a job which either pays you weekly or monthly if for example you get a weekly payments of about $100 just for example, you may decide to split it into 4 parts which may be 25 * 4 $25 for bitcoin Investment &25 for emergency $25 for reserved fund $25 for feeding and note my application might differ from your own you can as well invest as low as $10 in Bitcoin per week $20 for emergency $20 for reserved and $50 for feeding depending on how large your house hold may be . But if you are Alone you may decide to also invest $30 in Bitcoin per week and program the rest as it suites you. DCA strategy is just a strategy to accumulate btc per week by buying bitcoin in fraction or Little portion and also setting aside some other fund so that it will not affect your accumulated btc by selling it off when it's not yet time. And mind you in which ever way you decide to split your investment it doesn't matter what matters is how you can be able to maintain the system of accumulation continuously without having a thought of selling the btc, because the btc holding is the main Target 🎯 so selling it when it's not yet time is just like wasting your time.

Quote from: Kwarkam on March 25, 2024, 08:59:46 PM

and I learnt we do this to reduce the impact of market volatility on out investment.

According to what I have learnt so far the reason for DCA is to relieve or save yourself from the stress of not knowing when to buy, since bitcoin is volatile The practice changes at any given time so now the DCa help you to buy
Btc at any given time basically weekly. Sometimes you May buy when the price is low and also by when the price is high. When you buy in some week it is low, you are indirectly replenishing the lost value when you bought higher. So DCA is the best sofar in investment strategy it's a middle man between dip and HODL and lump-sum.

Exactly, I just realized that last line. And I'll be sure to pass that information around the forum, to those who need it. Anyway, so, it's safe to say that DCA is a pocket friendly investment plan. You also don't need to time the market, since you'll be buying weekly.

You don't only buy on weekly basis and there are
major factors to be considered in selecting the intervals of your dca which includes the following.

1. Your investment goals as regards to time horizons

2. Your financial situation

3. Market trends.

You can click here for more details https://kriptomat.io/finance-investing/how-to-choose-the-right-interval-for-your-dca-strategy/#:~:text=Investment%20goals%3A%20Your%20time%20horizon,advantage%20of%20quicker%20market%20movements.

Kwarkam

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Quote from: Samlucky O on March 25, 2024, 10:50:24 PM

Quote from: Kwarkam on March 25, 2024, 08:59:46 PM

I left for a while to get ahead with some research concerning what DCA is all about, so basically it's all about splitting your capital into equal parts and investing then on intervals, so let's say I have 500$ to invest in bitcoin, I can just divide it into 4 parts which would be 125$ and invest them weekly,

Not exactly what they mean. Because from your explanation you sound like dividing your income into 4 parts and be investing %25 every week, if that is what you mean you got it wrong. Investing in DCA can be quit different from people narrative, First of all you have to get a job which either pays you weekly or monthly if for example you get a weekly payments of about $100 just for example, you may decide to split it into 4 parts which may be 25 * 4 $25 for bitcoin Investment &25 for emergency $25 for reserved fund $25 for feeding and note my application might differ from your own you can as well invest as low as $10 in Bitcoin per week $20 for emergency $20 for reserved and $50 for feeding depending on how large your house hold may be . But if you are Alone you may decide to also invest $30 in Bitcoin per week and program the rest as it suites you. DCA strategy is just a strategy to accumulate btc per week by buying bitcoin in fraction or Little portion and also setting aside some other fund so that it will not affect your accumulated btc by selling it off when it's not yet time. And mind you in which ever way you decide to split your investment it doesn't matter what matters is how you can be able to maintain the system of accumulation continuously without having a thought of selling the btc, because the btc holding is the main Target 🎯 so selling it when it's not yet time is just like wasting your time.

Quote from: Kwarkam on March 25, 2024, 08:59:46 PM

and I learnt we do this to reduce the impact of market volatility on out investment.

According to what I have learnt so far the reason for DCA is to relieve or save yourself from the stress of not knowing when to buy, since bitcoin is volatile The practice changes at any given time so now the DCa help you to buy
Btc at any given time basically weekly. Sometimes you May buy when the price is low and also by when the price is high. When you buy in some week it is low, you are indirectly replenishing the lost value when you bought higher. So DCA is the best sofar in investment strategy it's a middle man between dip and HODL and lump-sum.

Exactly, I just realized that last line. And I'll be sure to pass that information around the forum, to those who need it. Anyway, so, it's safe to say that DCA is a pocket friendly investment plan. You also don't need to time the market, since you'll be buying weekly.

Tmoonz

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Quote from: Agbamoni on March 28, 2024, 09:59:03 AM

Quote from: Marvelockg on March 28, 2024, 03:31:08 AM

Quote from: Wind_FURY on March 28, 2024, 02:31:26 AM

Plus plebs like me who are just starting during this cycle should be with an attitude that any "life-changing" amounts of money can't be earned in merely one cycle. For the 90% of us participating in Bitcoin Land, it will probably take three bull cycles, or probably more. Plus to those people who are willing to risk it by participating in some shitcoinery, do it where the market is denominated in Bitcoin. Do it in Bitcon DeFi, it might be one of the biggest narratives during this cycle.

well, it depends on how much you've been able to gather at the end of each circle and whether or not your goal is to gather as much as
I know that generally speaking, what puts you at a better profit margin is basically how long you're able to continue stacking and how much you've been able to stack within such period of time but if the resources are available, a guy can use two circles to stack way more than what another person will be able to stack within four to six circles if the latter use a DCA amount that's not big enough so in essence, it's not just about staying too long that gives you good profit out of your investment, it is actually accumulating as much as you can within a stipulated time frame and then selling when you've reached your investment. If you've reached your goal by just accumulating within a single circle or two, you will still be in profit and if you can still go longer and continue accumulating along the way, it will still put you at a good advantage.

Don't be so sure. If you stack a lot of bitcoins maybe when the price was low that would make you have a lot of bitcoins which if holed for long would give lots of profit. Now the thing is it is not by how much you have accumulated that would certain the amount of profit. What give you a better profit is how long you are willing to hold the little or much bitcoin you have bought.For example, when bitcoin was below 2$ earlier adopters bought bitcoin, some bought multiple while some only buy some few like 1 or 2. If the investor who bought about 20 bitcoins sold 2 years later and the one who bought 1 or 2 never sold till today. The investors who had the least bitcoin would be on a greater profit than the one who had bought more. Just so you know that the best way to gain massive profit is buy never selling your bitcoin yet, whether it is a fraction, whole or multiple just try and hold it for long.

I disagree with you on this, the size of your Bitcoin investment determines how much of your profits. However other factors to be considered includes your buying entering points and how long you where able to hold your investment they most all work together in other to have a substantial amount of profits.

Troytech

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Quote from: Marvelockg on March 28, 2024, 03:31:08 AM

Quote from: Wind_FURY on March 28, 2024, 02:31:26 AM

Plus plebs like me who are just starting during this cycle should be with an attitude that any "life-changing" amounts of money can't be earned in merely one cycle. For the 90% of us participating in Bitcoin Land, it will probably take three bull cycles, or probably more. Plus to those people who are willing to risk it by participating in some shitcoinery, do it where the market is denominated in Bitcoin. Do it in Bitcon eFi, it might be one of the biggest narratives during this cycle.

well, it depends on how much you've been able to gather at the end of each circle and whether or not your goal is to gather as much as is needed to ensure you don't necessarily have to work once you've sold off your holding. It's good we make it plain that the reason why you're accumulating or investing in Bitcoin will not be the same reason why the next person is doing his and this will go a long way in shaping how he goes about with his investment and how long he desires to hold and remain in profit before selling his holding. For a young guy who's receiving some stipends from his parent while in school and decides to put them into doing regular DCAing once the money comes in, he can decide to work with just investing for a single circle or two circles and take out the proceeds of his investment into starting an entrepreneurial business of his own and as long as that's his purpose of investing in Bitcoin and that he has archived that purpose, then he has made a good investment journey.

I know that generally speaking, what puts you at a better profit margin is basically how long you're able to continue stacking and how much you've been able to stack within such period of time but if the resources are available, a guy can use two circles to stack way more than what another person will be able to stack within four to six circles if the latter use a DCA amount that's not big enough so in essence, it's not just about staying too long that gives you good profit out of your investment, it is actually accumulating as much as you can within a stipulated time frame and then selling when you've reached your investment. If you've reached your goal by just accumulating within a single circle or two, you will still be in profit and if you can still go longer and continue accumulating along the way, it will still put you at a good advantage.

IMO I think it's also possible to live off bitcoin rather just selling off all your holdings unless for a good reason, you know bitcoin is also one of the best asset compared to others, like real estate when one has reached a fuck you status in real estate he could be getting a monthly dividend of above 5000$(just an estimate and this depends on how much he has in properties), and this is also achievable too with bitcoin, have you considered studying Jay's sustainable withdrawal method, that's what I've been currently reading at my leisure time and I think you should too, cause I don't think bitcoin is an asset that anyone should be thinking of selling of so easily or just mere because of profits, yeah this would have been a lame idea if bitcoin can not be passed down to other generations but that is possible and doing this shouldn't even be a problem for us cause we are investing with money that we don't need and wouldn't miss even if the plan don't fare well.

Odohu

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Quote from: FinePoine0 on March 28, 2024, 03:38:04 AM

There is a lot of risk and short term hold in the market, but I would say it is best for beginners to invest in Bitcoin. Because there is no possibility of losing money if you invest in Bitcoin, because the money of all investors who have invested for a long time is safe. So if you want to invest in cryptocurrencies and want to keep your assets safe then it is better to choose Bitcoin.

If we give people this affirmative assertion about investment in Bitcoin, it can do a lot of damages in their psychology which will affect them on the long run. Some of the dangers of giving this kind of assurance about Bitcoin investment are:

It might make them take unnecessary risks such as borrowing money to invest in Bitcoin with the intention of paying back with the expected profits
It will lead to complacency and over confident and this could lead to irrational decisions
When newbies have this mindset, there are chances they might become tired when the expected profits is not forthcoming, in this situation, you never can tell what they will do with their investment

We have to tell people the proper information which is that their risk associated to every investment and Bitcoin is no exception. Just that the risk of Bitcoin investment is drastically reduced when the investment is made with "4-10years" maturity target, this not being a fixed number, just an honest estimate

Quote from: FinePoine0 on March 28, 2024, 03:38:04 AM

So if you want to invest in cryptocurrencies and want to keep your assets safe then it is better to choose Bitcoin.

Why not simply use Bitcoin instead of mentioning cryptocurrency which somehow lump Bitcoin together with the numerous shitcoins? Many people have used the terms cryptocurrency to lure unsuspecting people into their scam project that end up making even Bitcoin appear bad. So, to avoid confusion and since we are discussing Bitcoin investment here, we should limit our choice of words to Bitcoin. I hope you get my point?

Agbamoni

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Fine by Time

Quote from: Marvelockg on March 28, 2024, 03:31:08 AM

Quote from: Wind_FURY on March 28, 2024, 02:31:26 AM

Plus plebs like me who are just starting during this cycle should be with an attitude that any "life-changing" amounts of money can't be earned in merely one cycle. For the 90% of us participating in Bitcoin Land, it will probably take three bull cycles, or probably more. Plus to those people who are willing to risk it by participating in some shitcoinery, do it where the market is denominated in Bitcoin. Do it in Bitcon DeFi, it might be one of the biggest narratives during this cycle.

well, it depends on how much you've been able to gather at the end of each circle and whether or not your goal is to gather as much as
I know that generally speaking, what puts you at a better profit margin is basically how long you're able to continue stacking and how much you've been able to stack within such period of time but if the resources are available, a guy can use two circles to stack way more than what another person will be able to stack within four to six circles if the latter use a DCA amount that's not big enough so in essence, it's not just about staying too long that gives you good profit out of your investment, it is actually accumulating as much as you can within a stipulated time frame and then selling when you've reached your investment. If you've reached your goal by just accumulating within a single circle or two, you will still be in profit and if you can still go longer and continue accumulating along the way, it will still put you at a good advantage.

Don't be so sure. If you stack a lot of bitcoins maybe when the price was low that would make you have a lot of bitcoins which if holed for long would give lots of profit. Now the thing is it is not by how much you have accumulated that would certain the amount of profit. What give you a better profit is how long you are willing to hold the little or much bitcoin you have bought. For example, when bitcoin was below 2$ earlier adopters bought bitcoin, some bought multiple while some only buy some few like 1 or 2. If the investor who bought about 20 bitcoins sold 2 years later and the one who bought 1 or 2 never sold till today. The investors who had the least bitcoin would be on a greater profit than the one who had bought more. Just so you know that the best way to gain massive profit is buy never selling your bitcoin yet, whether it is a fraction, whole or multiple just try and hold it for long.

Gallar

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Quote from: FinePoine0 on March 28, 2024, 03:38:04 AM

Those who are ready to invest new time should know that it is better to invest their capital in a place where the probability of loss is very low. Newbies are greedy for money and invest in Shitcoins. There is a lot of risk and short term hold in the market, but I would say it is best for beginners to invest in Bitcoin. Because there is no possibility of losing money if you invest in Bitcoin, because the money of all investors who have invested for a long time is safe. So if you want to invest in cryptocurrencies and want to keep your assets safe then it is better to choose Bitcoin.

It's true, Bitcoin is a better investment asset than shitcoins. Because it's no longer a secret that shitcoins can experience their prices dropping to zero. This is because shitcoins have a centralized system and control is held by the coin's creator. So, if for example the coin maker took all the liquidity of the coin, then the price of the coin could become zero. So shitcoins are best avoided. Because investing in shitcoins can be dangerous and detrimental. So if you want to invest, it's better to just invest in Bitcoin. Because apart from the information you mentioned, if we invest in Bitcoin, we don't need to worry about its liquidity being taken by its creator. The reason is that the creator of bitcoin (Satoshi), most likely will not do that. Therefore, investing in bitcoin is indeed a very appropriate step. Because it is very likely that bitcoin will never touch zero, even though bad conditions occur in the bitcoin market.

And besides that, I also believe Bitcoin users/investors will continue to increase every year. Therefore, everything can be seen from price movements in one cycle or every 4 years which continue to experience very significant growth. For example, a few weeks ago the price of Bitcoin touched its new ATH, even though the bitcoin halving or bull market had not yet arrived. So with these facts we can see that the number of bitcoin investors is increasing.

Hewlet

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Quote from: xiamin on March 28, 2024, 06:19:27 AM

Quote from: FinePoine0 on March 28, 2024, 03:38:04 AM

Those who are ready to invest new time should know that it is better to invest their capital in a place where the probability of loss is very low.

There is no basis for saying, that there is no risk of losing investment in Bitcoin. Investing in Bitcoin does not guarantee your capital. But the investment risk at Bitcoin is relatively low. Beginners can expect a realistic outcome of their capital by starting DCAing (Security of Money's).Think of long-term investment in this.

Quote from: FinePoine0 on March 28, 2024, 03:38:04 AM

Newbies are greedy for money and invest in Shitcoins. There is a lot of risk and short term hold in the market, but I would say it is best for beginners to invest in Bitcoin. Because there is no possibility of losing money if you invest in Bitcoin, because the money of all investors who have invested for a long time is safe. So if you want to invest in cryptocurrencies and want to keep your assets safe then it is better to choose Bitcoin.

Everyone has a weakness for money, but you could have without using the word greedy.I need to reiterate that you cannot guarantee that you will not lose your money on Bitcoin investments. Any situation can arise in the money market especially Bitcoin.

while I will agree with you that nothing is too perfect to the extent that things can't go wrong, I feel the reason why he might have suggested that investing into Bitcoin won't put you in loss is that if you've looked at the past Bitcoin price chats, apart from those that might have been impatient with thier investment or that where too obsessed with the idea of trading, investing into Bitcoin has proven to be void of loss overtime and I can join him to still draw a similar conclusion that investing into Bitcoin has little or no probability of giving you a loss of you're patient enough with your Bitcoin.

If a newbie starts buying now, within the next two years or so, there is at least 80% probability of finding himself in a profit region and what would just be a major consideration he has to look into will be to ascertain if the amount of profit he has attained is in line with his Bitcoin accumulation goal or if he has bought enough quantity of Bitcoin within such space of time. It's okay to let newbies know that investing into Bitcoin isn't a get rich quick scheme and certainly not the only route from poverty but while we tell them of some of the shortcomings that will give them a balance mentality while investing, it's also good we tell them the other brighter side of the journey which is that if they are able to invest long enough, they will be in profit. And the truth is that no one wants to get into loss at the end of his investment and so if you constantly feed newbies with the negatives of Bitcoin investments, they might not be emotionally strong to handle it and might just be after not getting into loss which will put them in a situation to always sell off their holding whenever they are in a slightest profit.

xiamin

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Quote from: FinePoine0 on March 28, 2024, 03:38:04 AM

Those who are ready to invest new time should know that it is better to invest their capital in a place where the probability of loss is very low.

There is no basis for saying, that there is no risk of losing investment in Bitcoin. Investing in Bitcoin does not guarantee your capital. But the investment risk at Bitcoin is relatively low. Beginners can expect a realistic outcome of their capital by starting DCAing (Security of Money's).Think of long-term investment in this.

Quote from: FinePoine0 on March 28, 2024, 03:38:04 AM

Newbies are greedy for money and invest in Shitcoins. There is a lot of risk and short term hold in the market, but I would say it is best for beginners to invest in Bitcoin. Because there is no possibility of losing money if you invest in Bitcoin, because the money of all investors who have invested for a long time is safe. So if you want to invest in cryptocurrencies and want to keep your assets safe then it is better to choose Bitcoin.

Everyone has a weakness for money, but you could have without using the word greedy.I need to reiterate that you cannot guarantee that you will not lose your money on Bitcoin investments. Any situation can arise in the money market especially Bitcoin.

michellee

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Quote from: FinePoine0 on March 28, 2024, 03:38:04 AM

Those who are ready to invest new time should know that it is better to invest their capital in a place where the probability of loss is very low. Newbies are greedy for money and invest in Shitcoins. There is a lot of risk and short term hold in the market, but I would say it is best for beginners to invest in Bitcoin. Because there is no possibility of losing money if you invest in Bitcoin, because the money of all investors who have invested for a long time is safe. So if you want to invest in cryptocurrencies and want to keep your assets safe then it is better to choose Bitcoin.

They can find time to start investing by learning about it. Without doing that, they won't find the right time. Even if they are beginners in investing, they can find moments when investing.

They have to pay attention to how much money they can use to start investing. Otherwise, they will have difficulty persisting in investing. They must also be able to anticipate the possibility of losing money investing in Bitcoin, especially if the price of Bitcoin declines.

But if they don't panic and can be patient, they will see an increase in profits when the price of Bitcoin increases again. Risk exists, so we must learn how to minimize it.

avp2306

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Quote from: I_Anime on March 26, 2024, 06:41:55 PM

Quote from: teamsherry on March 26, 2024, 06:26:15 PM

Quote from: JayJuanGee on March 25, 2024, 10:25:59 PM

and during periods that you feel that you have more than enough BTC, then you can start to be more strategic in terms of waiting with some of your buys, but if you wait too much, then you might end up screwing things up and holding too much dollars when the BTC price is shooting up.

In the last 6-9 months, we had a lot of folks waiting for lower BTC prices, and they kind of got fucked and they might have been better just to keep buying as their paycheck comes in... or however they are authorizing their BTC purchases.

From your explanation, you said if we feel we have enough bitcoin then applying waiting strategies would be fine, meaning that those that are still early in bitcoin should focus more on DCA buying so they don't get distracted or miss out on good opportunities to buy.

I think using dip buying as a primary strategy is not smart for a beginner cause it involves too much timing of the market and most of them haven't even gotten a good portfolio yet and they are already distracted by dip buying which can in turn slow down their accumulation process, like you said before, I think as a newbie we should focus more on consistent buying than waiting on dips unless we have reserves we can use for such.

yeah , purchasing the dip is an opportunity for all to purchase at a low price, but as a newbie who's forn of always waiting for the dip before purchasing some quantity of bitcoin, is not a smart move. For those that have gotten to their accumulation goal , having enough Bitcoin in their portfolio, waiting for the dip won't be any issue to them because they have already stop accumulating, all they are doing is just holding. Such individuals may decide to have this mindset of always purchasing using lump-sum whenever there's a dip just to addup some coin (bitcoin) In their portfolio . While those of us that haven't gotten far with their accumulation should focus on how to have more bitcoin in their portfolio using any method or strategies convenient for them.

Its good to acquire when the price of bitcoin dip but for us don't know when this scenario will came then its better not to wait this to happen since we might waste our time for that and instead we already settled for doing our plans especially for accumulation we are still there waiting and not yet doing any action.

That's why if they want to succeed they should react according to their capabilities since it still the same effect not unless if they are there just think about hodling but at the end they sell their bitcoin because they got panic on certain condition happened.

They should settle up and know what's more better since if their mindset is to accumulate whatever amount they can put it and ignore those pump then dump schemes for sure they became successful bitcoin investor in future.

Tmoonz

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Quote from: Jating on March 28, 2024, 04:28:18 AM

Quote from: FinePoine0 on March 28, 2024, 03:38:04 AM

Those who are ready to invest new time should know that it is better to invest their capital in a place where the probability of loss is very low. Newbies are greedy for money and invest in Shitcoins. There is a lot of risk and short term hold in the market, but I would say it is best for beginners to invest in Bitcoin. Because there is no possibility of losing money if you invest in Bitcoin, because the money of all investors who have invested for a long time is safe. So if you want to invest in cryptocurrencies and want to keep your assets safe then it is better to choose Bitcoin.

Newbies have this mindset that crypto is a get rich quick scheme, which is not. Maybe they will learn it the hard way. Either case as we grow older in this market, we will learn when to buy, or when to start to accumulate and maximize our profits in the future.

Best time to buy is bear market, although if we are going long term, we can do DCA as well. So it's true, the best way to buy and accumulate is during the dip and just be a holder.That is the best strategy here, HODL as much as you can and then time the market and sell when we are in a bull run or at the top of the price or near all time high.

The first best time to buy was yesterday and the second best time is today and it is always now if you are considering long term investment in Bitcoin, you don't have to wait for any dip or bear trend but with your dca strategy you are already there in the market while any dip or bear trend can only be seen as an advantage of buying wholesomely at a cheaper price and having more quantity.

You have to be specific when making use of the word crypto by not generalizing Bitcoin operation in terms of other coins because Their performance solely depends on Bitcoin if you want to say Bitcoin just say Bitcoin.

Timing the market and sell when we are in a bull run or at the top of the price or near all time high as you said sounds more like a trading strategy who's intention is only to buy low and sell high, those who should be talking about selling are those who have attained higher level in their Bitcoin investment in as much as we are not talking or emphasizing on selling but to accumulate and hodl for as long as 5 to 10 years or more.

Jating

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Quote from: FinePoine0 on March 28, 2024, 03:38:04 AM

Those who are ready to invest new time should know that it is better to invest their capital in a place where the probability of loss is very low. Newbies are greedy for money and invest in Shitcoins. There is a lot of risk and short term hold in the market, but I would say it is best for beginners to invest in Bitcoin. Because there is no possibility of losing money if you invest in Bitcoin, because the money of all investors who have invested for a long time is safe. So if you want to invest in cryptocurrencies and want to keep your assets safe then it is better to choose Bitcoin.

Newbies have this mindset that crypto is a get rich quick scheme, which is not. Maybe they will learn it the hard way. Either case as we grow older in this market, we will learn when to buy, or when to start to accumulate and maximize our profits in the future.

Best time to buy is bear market, although if we are going long term, we can do DCA as well. So it's true, the best way to buy and accumulate is during the dip and just be a holder. That is the best strategy here, HODL as much as you can and then time the market and sell when we are in a bull run or at the top of the price or near all time high.

FinePoine0

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Those who are ready to invest new time should know that it is better to invest their capital in a place where the probability of loss is very low. Newbies are greedy for money and invest in Shitcoins. There is a lot of risk and short term hold in the market, but I would say it is best for beginners to invest in Bitcoin. Because there is no possibility of losing money if you invest in Bitcoin, because the money of all investors who have invested for a long time is safe. So if you want to invest in cryptocurrencies and want to keep your assets safe then it is better to choose Bitcoin.

Marvelockg

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Quote from: Wind_FURY on March 28, 2024, 02:31:26 AM

Plus plebs like me who are just starting during this cycle should be with an attitude that any "life-changing" amounts of money can't be earned in merely one cycle. For the 90% of us participating in Bitcoin Land, it will probably take three bull cycles, or probably more. Plus to those people who are willing to risk it by participating in some shitcoinery, do it where the market is denominated in Bitcoin. Do it in Bitcon DeFi, it might be one of the biggest narratives during this cycle.

well, it depends on how much you've been able to gather at the end of each circle and whether or not your goal is to gather as much as is needed to ensure you don't necessarily have to work once you've sold off your holding. It's good we make it plain that the reason why you're accumulating or investing in Bitcoin will not be the same reason why the next person is doing his and this will go a long way in shaping how he goes about with his investment and how long he desires to hold and remain in profit before selling his holding. For a young guy who's receiving some stipends from his parent while in school and decides to put them into doing regular DCAing once the money comes in, he can decide to work with just investing for a single circle or two circles and take out the proceeds of his investment into starting an entrepreneurial business of his own and as long as that's his purpose of investing in Bitcoin and that he has archived that purpose, then he has made a good investment journey.

I know that generally speaking, what puts you at a better profit margin is basically how long you're able to continue stacking and how much you've been able to stack within such period of time but if the resources are available, a guy can use two circles to stack way more than what another person will be able to stack within four to six circles if the latter use a DCA amount that's not big enough so in essence, it's not just about staying too long that gives you good profit out of your investment, it is actually accumulating as much as you can within a stipulated time frame and then selling when you've reached your investment. If you've reached your goal by just accumulating within a single circle or two, you will still be in profit and if you can still go longer and continue accumulating along the way, it will still put you at a good advantage.

rachael9385

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Quote from: JayJuanGee on March 27, 2024, 08:58:02 PM

Quote from: Ben Barubal on March 27, 2024, 05:27:15 PM

Actually, this DAC has been an effective method for most of the communities in the field we live in, and it has been proven by most of them. All that is needed is that we have a plan for why we will do it. And that plan will motivate us to persevere in saving for the future.

Even rich people are doing this because they see that DCA is really proven and tested. If Bitcoin or cryptocurrency has not yet been created, we are already doing this to people all over the world, if we call it future savings, right?

Fuck crypto currencies.. we are neither talking about them in this thread and even if we were, they are not an investment in which DCA makes sense for the long term.. so it tends to be quite misleading to talk about DCAing into shitcoins... even if there might be some short-term ways to carry out DCA.. but we are also not talking about short term practices in this thread, either.

Honestly, I agree fuck crypto currency, Bitcoin is different from crypto currency because it's a fixed while crypto currency doesn't have any fixed supply, bitcoin is decentralized while crypto currency are not centralized (although not all). Bitcoin is popularity is more than crypto currency, it's well known to the world.
One can't use DCA in crypto currency because they are shitcoins, if shitcoins high today tomorrow is will drop and with that it's not advised to use DCA method on shitcoins.
more details on difference between Bitcoin and crypto currency.

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Part of the appeal of DCA is to have some confidence to employ it over the long term. even though surely anyone is free to abandon their investment at any time and then profit in dollars and likely end up undermining their accumulation of BTC if they cannot figure out some meaningful way to stay focused on accumulating BTC, which is part of what DCA helps to accomplish.. the establishing of a position over time and to continue to build such position and to stay in a mindset of continuous and ongoing BTC accumulation.. which likely is going to serve the person better than trying to monkey around with trading and/or even changing his accumulation amounts based on concerns of short-term BTC price directions.

These are the cause of lack of concentrations, however if one doesn't know the importance of Bitcoin accumulations the person will likely get tired and abandon their investments and starts saving in dollars. Meanwhile fiat is not a thing one should consider going into as it's been controlled by the government and it will decrease ones inflation gets involved. Saving is dollar is not also the same as investing in Bitcoin because there's no inflation in Bitcoin investment.

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So yeah, the longer that anyone DCAs into BTC, the amount of BTC can more and more begin to be considered as long term savings, even if there may well be some points that some of the savings might start to get dipped into after there has been a sufficient amount of time of building it and even allowing it to appreciate in value, to the extent that it has good chances of continuing to appreciate in value just as it has done historically, and there is no real information to suggest that BTC is going to discontinue appreciating in value, especially when viewed in longer term time frames.

Already noted, the way Bitcoin growth in price is another method to describe Bitcoin to the world, in earlier days Bitcoin has moved from 1k go 70k today and it's also has more potentials to continue increasing in price.
In early 2009 till date we know what we have experienced about Bitcoin, even the investors that joins the Bitcoin space can testify about Bitcoin. I always say now is the perfect time to use DCA to accumulate Bitcoin because we can't tell if in the next 15 years Bitcoin will be above $200k as from 2009 toll date we are already in $70k at 1BTC

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Quote from: Popkon6 on March 27, 2024, 09:47:24 PM

Quote from: Ben Barubal on March 27, 2024, 05:27:15 PM

Quote from: ginsan on March 27, 2024, 01:07:48 PM

I agree with some opinions about DCA where there is nothing you need to think about other than your focus on buying Bitcoin on an ongoing basis where you buy BTC regularly every week. No need to do it aggressively but just adjust it to the same budget as you did for your first purchase. With DCA, you don't need to worry about the price going down because while you are still in the accumulation stage, the price drop is a big enough opportunity to continue buying Bitcoin.

You can focus on investment targets every year because I have implemented this where the first year goes quite smoothly and that way we can focus on the following year. Bitcoin can change your life if you are smart in investing in Bitcoin. The meaning of being smart is holding it for the long term without being burdened by thoughts that haunt you.

Actually, this DAC has been an effective method for most of the communities in the field we live in, and it has been proven by most of them. All that is needed is that we have a plan for why we will do it. And that plan will motivate us to persevere in saving for the future.

Even rich people are doing this because they see that DCA is really proven and tested. If Bitcoin or cryptocurrency has not yet been created, we are already doing this to people all over the world, if we call it future savings, right?

DCA method is mainly for rich and poor and all types of people who will mainly participate in trading need this method. If you invest in this method, the investment is successful, because I help myself. I have been using this method for a long time of 1 year and 3 months. I have moved towards a successful journey. So this method is a good method for all investors, because those who learn to invest using this method, will not hire Arabic using any other method. You too invest using this method and you will see that the future journey will be successful and you will be able to complete the investment yourself. Usually in Bitcoin investing using the DCA method plays a major role in controlling the average price.

I disagree with you on that bolded statement of yours. How would a trader use DCA method to buy and sell in no time, that sounds weird. DCA strategy is a method in which investors that are ready to hodli their bitcoin investment for a long time uses to make sure that they buy regularly in order to build up their bitcoin portfolio. The DCA strategy is best for no coiner or low coiner, because it will give them the advantage to grow and build their bitcoin investment to achieve their bitcoin target over time.

As stated by JJG, that it is better to stay focus and increase your bitcoin investment portfolio strictly with DCA method if you are a beginner or you have just started your bitcoin journey, as it is more effective and easy to practice, all you need to do is to be persistent and consistent with DCAing, as long as you ha e put everything in place that would not make you stop or sell some part of your bitcoin due to unforseen circumstances. However, if along the line of your DCA, and you have the opportunity to lump sum or buy at the dip because you are prepared for it, the better for you. Traders don't need DCA because they are gamblers and would don't care about long term investment.

Wind_FURY

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Quote from: JayJuanGee on March 27, 2024, 01:27:43 PM

Quote from: Wind_FURY on March 27, 2024, 01:25:06 PM

Quote from: ginsan on March 27, 2024, 01:07:48 PM

I agree with some opinions about DCA where there is nothing you need to think about other than your focus on buying Bitcoin on an ongoing basis where you buy BTC regularly every week. No need to do it aggressively but just adjust it to the same budget as you did for your first purchase. With DCA, you don't need to worry about the price going down because while you are still in the accumulation stage, the price drop is a big enough opportunity to continue buying Bitcoin.

You can focus on investment targets every year because I have implemented this where the first year goes quite smoothly and that way we can focus on the following year. Bitcoin can change your life if you are smart in investing in Bitcoin. The meaning of being smart is holding it for the long term without being burdened by thoughts that haunt you.

Plus it's also very important for the newbies to know that it's better to concentrate all of their capital on one asset that's NEVER going to go away, and that's Bitcoin. Those "traders" who buy and sell different altcoins/shitcoins will definitely have a harder time finding which narrative is the current one to "trade" because the market this cycle is VERY dispersed. There's simply more and more cryptocurrencies and tokens listed in more and more exchanges, centralized and decentralized, under different sectors.

Because it is so dispersed, I believe it might make many of them surge in smaller and shorter durations.

Exactly. There is a need to stay focused, because whether you are able to invest $10 per week or $100 per week, you are going to really end up diluting your investment if you are fucking around with various shitcoins that may or may not perform.. and the chances of them performing is surely not good.. especially if we consider both upside and downside.. and if we consider places to invest for the longer term such as 4-10 years or even longer.

Plus plebs like me who are just starting during this cycle should be with an attitude that any "life-changing" amounts of money can't be earned in merely one cycle. For the 90% of us participating in Bitcoin Land, it will probably take three bull cycles, or probably more. Plus to those people who are willing to risk it by participating in some shitcoinery, do it where the market is denominated in Bitcoin. Do it in Bitcon DeFi, it might be one of the biggest narratives during this cycle.

Obim34

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Quote from: Popkon6 on March 27, 2024, 09:47:24 PM

Quote from: Ben Barubal on March 27, 2024, 05:27:15 PM

Quote from: ginsan on March 27, 2024, 01:07:48 PM

I agree with some opinions about DCA where there is nothing you need to think about other than your focus on buying Bitcoin on an ongoing basis where you buy BTC regularly every week. No need to do it aggressively but just adjust it to the same budget as you did for your first purchase. With DCA, you don't need to worry about the price going down because while you are still in the accumulation stage, the price drop is a big enough opportunity to continue buying Bitcoin.

You can focus on investment targets every year because I have implemented this where the first year goes quite smoothly and that way we can focus on the following year. Bitcoin can change your life if you are smart in investing in Bitcoin. The meaning of being smart is holding it for the long term without being burdened by thoughts that haunt you.

Actually, this DAC has been an effective method for most of the communities in the field we live in, and it has been proven by most of them. All that is needed is that we have a plan for why we will do it. And that plan will motivate us to persevere in saving for the future.

Even rich people are doing this because they see that DCA is really proven and tested. If Bitcoin or cryptocurrency has not yet been created, we are already doing this to people all over the world, if we call it future savings, right?

DCA method is mainly for rich and poor and all types of people who will mainly participate in trading need this method. If you invest in this method, the investment is successful, because I help myself. I have been using this method for a long time of 1 year and 3 months. I have moved towards a successful journey. So this method is a good method for all investors, because those who learn to invest using this method, will not hire Arabic using any other method. You too invest using this method and you will see that the future journey will be successful and you will be able to complete the investment yourself. Usually in Bitcoin investing using the DCA method plays a major role in controlling the average price.

@JayJuanGee already made reference to this on this thread, the DCA approach is not selective in terms of financial capabilities, it is just like a guide/method to help keep up one's accumulating process, it doesn't segregate If a person is wealthy, rich average or poor everyone is majorly entitled to make good use of this strategy.

Quote from: FinePoine0 on March 27, 2024, 11:48:37 PM

Quote from: Bd officer on March 23, 2024, 08:44:14 PM

Quote from: JayJuanGee on March 23, 2024, 07:46:28 PM

Yeah but when did you start? You have ONLY been registered on the forum for less than a year.

I invested $100 before registering on this forum. $100 is a big amount for me, $100 is more than ৳10000 in local currency of our country. I have learned a lot since I registered in this forum. I didn't know what the DCA method was before. I came to know about DCA method from this forum and started investing in DCA method. The amount of bitcoins I have accumulated now, I would not have been able to invest together. But after investing in DCA method I became successful. My plan is to continue investing in the DCA approach for the long term.

If you want to hold your investment for a long time then you must continue to invest on a regular weekly or monthly basis. By implementing this regular DCA method you are sure to be successful in your investment. But greed must be avoided, as far as possible if you keep calm and wait for a few years then your investment will be big and you will be able to continue investing.

The system works in this way, during the process of getting to our DCA budget we are meant to keep it consistent and a little bit aggressive (not greedy) as in terms of catching some DIP that we may not often see again, but still have the awareness that it should by no means disrupt our style of living.

One thing about Bitcoin investment is to purchase and another is to have the mind to hold, even when it doesn't seems nourishing we still continue holding.

Topic: Buy the DIP, and HODL! - page 307. (Read 137374 times)