DCA is good however keep in mind it won’t always work in your favor. Say you started to DCA since Nov 2021 you would be at a loss with every purchase.
Generally you should DCA in a down trending market like now. Don’t be like Saylor or El Salvadaor President who bought on the way up and they are facing huge losses at the moment.
Topic: DCA? (Read 215 times)
What motivates YOU to continue DCAing on a regular basis?
Doing this with sometimes different amounts, with no regular basis. Actually, during this bearish market, we still don't know if the rate is the dip or not yet, or still continuing to the next bottom. That is why DCA is still valuable to be done. Although this may also involve risks because we can be too early to do DCA, at least we are doing this for long-term investment. So, we are expected to make higher profits withholding the coins (as long as that is a worthy coin, not shit coins).
If I don’t have extra funds anymore per month, of course I’ll stop DCA but doesn’t mean that I am gonna fully quit. I would always find ways to increase my average income per month in order for me to maintain my commitment in doing DCA with Bitcoin every month.
truly, this is also what I do, it's wise enough because we are not too pushed to do it, still within our availability to do DCA and still make effort for this. As long as we still have free money to invest, why not? right.. 
Without investing you, all your saving value are continously going to zero. There is no reason for saving. Fortune saved today will be an equivalet of a car/bike for your grandson. You have to invest. But not only in bitcoin. DCA on Stocks/bonds/reits/commodities/bitcoin and real estate is a way.
One advantage to dollar-cost averaging which I love so much is that, by investing mechanically, you will be able to completely take out the emotional component of your decision-making. You will continue on a preset course of buying a certain and specific dollar amount of your preferred investment irrespective of how the price swings wildly. This way, you will certainly not bail out of your investment when the price goes down in a sudden wild swing, but you’d rather see it as an opportunity to acquire more shares at a lower cost.Moreover the honest truth is, if you are an investor looking for a profit oriented strategy that cuts your investment risk, you might want to consider this strategy. Of course, while this strategy completely helps you better in managing your risk, you are also less likely to experience outsized returns which is one of the most credible reasons why I still stick with this strategy.
The process of dollar-cost averaging actually refers to the practice of investing a consistent dollar amount in the same investment over a period of time.
What motivates YOU to continue DCAing on a regular basis?
Do you ever consider putting a stop to DCA?
Do you ever consider putting a stop to DCA?
If I don’t have extra funds anymore per month, of course I’ll stop DCA but doesn’t mean that I am gonna fully quit. I would always find ways to increase my average income per month in order for me to maintain my commitment in doing DCA with Bitcoin every month.
My motivation is that I learned from my past mistakes in not accumulating Bitcoin early despite that it’s risky and has no promises or guarantees on the price movement. However, it has the capability to rise even stronger after the bear run no matter how long it will take for me to experience another bull run again.
Buying or purchasing Bitcoin little by a little while has a correction is a wise decision and that's what we called, DCA (Dollar Cost Averaging).
And yes, that's a good action while Bitcoin continues dropping. But of course, you need to watch the market closely because anytime there could be a huge fluctuation of the price and since it's unpredictable, there's no accurate prediction of where the price direction.
And yes, that's a good action while Bitcoin continues dropping. But of course, you need to watch the market closely because anytime there could be a huge fluctuation of the price and since it's unpredictable, there's no accurate prediction of where the price direction.
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Do you ever consider putting a stop to DCA?
In long term, you didn't need this because all you've to do is to wait when your profit will come. What motivates YOU to continue DCAing on a regular basis?
Because we are still not sure enough whether the price will keep dropping to a certain rate or not. DCA in Bitcoin will be worthy because ow the rate has dropped enough and the probability to drop again is still high. We are not really sure how the price will be at the bottom rate. But at least, if we are doing DCA, we can utilize every drop to collect more Bitcoin. As long as I still have money for DCA with my continuous money management, I will still do it.
It's 2022, who the fuck still DCA's in crypto. How the fuck are you still this poor lmfao. You should've made enough at this point for not touching your bank account.
I'm joking guys.
You always got me there when I didn't quote what you've said. Well, yeah, there's still a lot of us that do DCA and it's still one of the best strategies to make during this time.I'm joking guys.
We'll never know when the market will be up again so while the uncertainty is high, DCAing will have a lot of us save from that worry and as you think that you're going to save a lot for the next bull run, you're doing the right thing. And that's enough motivation already together with your experiences.
What motivates YOU to continue DCAing on a regular basis?
Do you ever consider putting a stop to DCA?
^ When the market has a continuous drop, DCAing is the best to apply when buying coins in the market. I think there is no point if when you will stop as long as you believe that the amount you have purchased is the amount that you can afford and are willing to wait when there is a profit, there is no need to stop. The possible profit may probably motivate you to continue investing in BTC in a DCA way of buying it. Do you ever consider putting a stop to DCA?
Probably I will stop if my goal has been reached.
DCAing is the best way to profit long term. Short term is easiest when it's in a bull maket. Since we're in a down trend/ bear market it's a lot more riskier to profit short term. Only way I've been profiting daily has been via arbitrage. Simultaneously buying/selling a coin in two different exchanges. I've using Coin Arbitrage to find daily new opportunities. I highly recommend it since I've been profiting daily. Check em out: https://coinarbitrage.biglink.to/hrDB2
I think that dca isn't only about buying at a cheaper price and the op says on "a regular basis" so it means that you will do that no matter what the price are but as long as you still have a funds left. The obvious reason that can stop us to do a dca is when that fund allocated for dca has run out.We can either wait again for some time to get another funds from our main jobs or other jobs (outside crypto) or we can also sell our coins at a much higher price and then start doing it again. Indeed that dca is the best to do nowadays not only for the sake of earning profit in the long term but also to earn a short term profit as well because the price takes too long to recover but it still fluctuates sometimes.
What motivates YOU to continue DCAing on a regular basis?
Do you ever consider putting a stop to DCA?
It's 2022, who the fuck still DCA's in crypto. How the fuck are you still this poor lmfao. You should've made enough at this point for not touching your bank account.Do you ever consider putting a stop to DCA?
I'm joking guys.
If you leverage or trade options or even daytrade on the spot market then DCA is pointless as you just risk it all anyway.
DCA is a specific strategy for investment, long term one. With long term investment, basic rule is invest with your own money. If you borrow money to buy something and call it as investment, you are wrong, it is speculation. Because it is for long term strategy, it does not match day trading.Leverage? If you use leverage, you are speculating or gambling, not investing. In addition, a worse part if you DCA with leverage is you will lose you initial capital and the additional capital you use for DCA. In bad case, you will lose double or tripple of your initial capital because you DCA multiple times. Using leverage to DCA more, you will have higher risk and if liquidation comes, you lose more than what you should lose if you don't DCA with leverage.
DCA'ing, for me, is the best risk to benefit way to invest, especially in crypto and the stock market where you will find a lot of volatility (even more so among IPOs/ICOs and newer projects). But that really depends on how you plan to invest. If you like the spot market and you are a dedicated hodler (long term investor) then DCA is a good option for you. If you leverage or trade options or even daytrade on the spot market then DCA is pointless as you just risk it all anyway.
To each their own, I guess.
To each their own, I guess.
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do they require you to submit an information where a stable job is required? By this I mean, do I need to live paycheck to paycheck before the stock exchange can grant you to buy some stocks?
Thanks!
do they require you to submit an information where a stable job is required? By this I mean, do I need to live paycheck to paycheck before the stock exchange can grant you to buy some stocks?
Thanks!
I am living in indonesia when i buy stock there no require paycheck or think like that but they need info about job, i write it as Freelance they still accept it, and the student still can buy a stock.
If you want buy US stock i have app called "go trade" you can search on playstore and appstore they only need KYC
You can use this link and get free 2$ in stock https://heygotrade.com/referral?code=568942 but as usual DYOR first
happy DCA-ing
Tools for Dollar Cost Averaging (DCA)
DCA with your own money and with your investment taste (long term perspective) and afford your lose at beginning.
Have your plan and last resort in case your investment fails. It means you should never use all of your capital to invest into anything and you should have a sort of capital part for expenses, just in case your investment falls to 0.
DCA with your own money and with your investment taste (long term perspective) and afford your lose at beginning.
Have your plan and last resort in case your investment fails. It means you should never use all of your capital to invest into anything and you should have a sort of capital part for expenses, just in case your investment falls to 0.
...
Personally i do dollar cost averaging on mutual fund and stock market its relative stable.
As someone who is in the University/ Undergraduate, in investing or DCAing in stock market, do they require you to submit an information where a stable job is required? By this I mean, do I need to live paycheck to paycheck before the stock exchange can grant you to buy some stocks?Personally i do dollar cost averaging on mutual fund and stock market its relative stable.
Thanks!
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I don't know if my method is DCA or what else should I call it?
I have invested in BTC, profited from them. In the last bull, I sold all of my BTC. It was too early though. I was tempted to sell at $31000/BTC. I couldn’t think it can go such higher of $690000.
After that, I didn’t buy BTC anymore until recently. I have started buying BTC when it hit $20000. I'm now buying regularly, almost every week with a certain budget. I will be buying as long as I have cash + until the price is below $30000.
That's what my DCA is, would you call it DCA?
I have invested in BTC, profited from them. In the last bull, I sold all of my BTC. It was too early though. I was tempted to sell at $31000/BTC. I couldn’t think it can go such higher of $690000.
After that, I didn’t buy BTC anymore until recently. I have started buying BTC when it hit $20000. I'm now buying regularly, almost every week with a certain budget. I will be buying as long as I have cash + until the price is below $30000.
That's what my DCA is, would you call it DCA?
What motivates YOU to continue DCAing on a regular basis?
Do you ever consider putting a stop to DCA?
I would say if you are into DCA then first of all choice of coin must be good rather then any of shitcoins in the market and have plans for long term not say 2-3 months of DCA strategy as price fluctuations would not give you any much profit.So for long term you can have more coins at an average price lower then the current rates and will have more profits.So make sure about this and you will gain profits through your DCA investment plans. Do you ever consider putting a stop to DCA?
What motivates YOU to continue DCAing on a regular basis?
Do you ever consider putting a stop to DCA?
Do you ever consider putting a stop to DCA?
Knowing that one day we’ll see a new ATH gives the motivation. Since there will be another ATH, these price drops only create buying opportunities and DCA makes sure that you don’t miss them. That’s pretty much all about DCA’ing. High or low, you don’t care about the prices and keep buying.
What motivates YOU to continue DCAing on a regular basis?
Do you ever consider putting a stop to DCA?
If for me the price is cheap, I'm buying. And I also consider the money I am using to buy, if I know it is my extra money, I am using it for DCA.Do you ever consider putting a stop to DCA?
There are a lot of ways how people do DCA and for me, putting stop loss on your entries on DCA seems not good because at the beginning you buy it for the long term and different prices, it's like getting the average price of your buys.
If you decide to do DCA, then expect that you will wait long term.
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