DCA method - page 14. | Bitcointalksearch.org

lombok

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Quote from: goldkingcoiner on October 09, 2023, 09:56:08 PM

Quote from: Kara3 on October 09, 2023, 04:02:59 PM

You have no excuse not to acquire Bitcoin, this is one of my most used word when
discussing with my friends that have
high interest in crypto, but don't have capital too buy.

Since I introduced the DCA method to them, it was a game changer too them,
DCA is the best way for low income earners to acquire more Bitcoin.

I don't know if anyone else has different opinion about it?

DCA is most effective if you buy at the bottom. I have found that using time parameters and probabilities is a good way to DCA. If it seems probable that the price will keep going down (for example due to ongoing FUD), then might as well wait out the negative uncertainty. Of course it could go the other way, but if this step is repeated often enough, you will find that you have the advantage over normal DCA.

Of course this only goes for people who have a decent understanding of fundamental and technical analysis.

DCA will indeed be effective if the trader is able to carry out technical analysis. The analysis made will provide an overview of support and resistance levels which can describe the direction of price movements. So we can use this support level as a reference for DCA purchases. Of course, this method will be optimal if done long term and with patience. Taking profits cannot be as simple as one or two weeks, traders still use technical and fundamental analysis to determine the point of taking profits on investments using the DCA method.

There are many threads related to DCA and I have discussed things like this there.

Below is a post I made in a thread related to DCA.
https://bitcointalksearch.org/topic/m.62924817

snowpega

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Quote from: mk4 on October 09, 2023, 08:13:59 PM

Each person's situation is different, but I'd say risking some money into starting a small business should be a better priority than investing in bitcoin. Bitcoin in itself won't give you steady cashflow.

As for DCA, it sure is the best for noobs, despite it being not necessarily the best strategy in terms of gains.

Hmm buddy said well i do agree with you like you said it don't give quick gain like in the case of the person who is earning the little amount of money he can't just relay on it then whatever he is doing DCA.

DCA is not all about quick gain while in Bitcoin it is long term accumulation to have desired profite on the other hand trading is the risky part for that kind of person who have low money.

So i would say i liked you advice!

goldkingcoiner

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Quote from: Kara3 on October 09, 2023, 04:02:59 PM

You have no excuse not to acquire Bitcoin, this is one of my most used word when
discussing with my friends that have
high interest in crypto, but don't have capital too buy.

Since I introduced the DCA method to them, it was a game changer too them,
DCA is the best way for low income earners to acquire more Bitcoin.

I don't know if anyone else has different opinion about it?

DCA is most effective if you buy at the bottom. I have found that using time parameters and probabilities is a good way to DCA. If it seems probable that the price will keep going down (for example due to ongoing FUD), then might as well wait out the negative uncertainty. Of course it could go the other way, but if this step is repeated often enough, you will find that you have the advantage over normal DCA.

Of course this only goes for people who have a decent understanding of fundamental and technical analysis.

MusaMohamed

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Quote from: Kara3 on October 09, 2023, 04:02:59 PM

You have no excuse not to acquire Bitcoin, this is one of my most used word when
discussing with my friends that have
high interest in crypto, but don't have capital too buy.

It is one of a worse excuse to say "I can not invest in it because I don't have money". It can be a true reason or just a fake reason from a person who don't want to invest in a thing. Just like investing in it is not his or her priority because if you want, you can figure out away. If you want to have saving, you can do it even with a few cent per day. If you want to invest in a thing, you can do it by small saving for regular investment.

Quote

Since I introduced the DCA method to them, it was a game changer too them,
DCA is the best way for low income earners to acquire more Bitcoin.

DCA is best for everyone investment from whales to small investors. Because it eliminates bottom finding, gets rid of emotional decisions and can help an investor deals with market changes and psychology of market cycles better.

I consider DCA as an effortless investment method.
https://dcabtc.com/

CryptoBuds

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Quote from: _act_ on October 09, 2023, 04:09:03 PM

Quote from: Kara3 on October 09, 2023, 04:02:59 PM

I don't know if anyone else has different opinion about it?

DCA is a good idea for people that are earning little amount of money weekly or monthly in a way they can not invest the total amount they which to invest all at once. But this topic is becoming common these days on this forum. I think you should search for DCA related threads on this forum and see how often people are using it to make topic. This one is today: https://bitcointalksearch.org/topic/m.62968022

DCA not only works well for low-income people who want to accumulate bitcoin weekly, monthly, and yearly, but it is also very effective for large investors in the market. Because no one knows where the final bottom of bitcoin will be when the bear season comes and if someone knows how to take advantage of the DCA strategy, there will be a chance to buy more bitcoin and also make profits faster. Just like MicroStrategy, they are the big sharks in the market that are also using the DCA strategy, they buy every time the price drops. So far, DCA is still the most effective method to accumulate bitcoins.

Tuturtinular

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Quote from: Kara3 on October 09, 2023, 04:02:59 PM

You have no excuse not to acquire Bitcoin, this is one of my most used word when
discussing with my friends that have
high interest in crypto, but don't have capital too buy.

Since I introduced the DCA method to them, it was a game changer too them,
DCA is the best way for low income earners to acquire more Bitcoin.

I don't know if anyone else has different opinion about it?

Why are there so many topics talking about DCA? I think many people use DCA not as a method or strategy for buying bitcoin. However, because they can only use DCA and cannot buy bitcoin in bulk, this is done because it is not financially possible.

I think people who buy bitcoin every month from their monthly salary is not a DCA method. It's just a way to save bitcoins little by little. The DCA method is when we have $1000 then buy $250 worth of bitcoin, when the bitcoin price goes down then buy another $250, if the bitcoin price is still going down buy another $250. The DCA method is used to get the bitcoin price at its lowest position. If you buy regularly every month, then you only collect bitcoins, not DCA. imo

mk4

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Each person's situation is different, but I'd say risking some money into starting a small business should be a better priority than investing in bitcoin. Bitcoin in itself won't give you steady cashflow.

As for DCA, it sure is the best for noobs, despite it being not necessarily the best strategy in terms of gains.

Iamgoat

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Quote from: Kara3 on October 09, 2023, 04:02:59 PM

You have no excuse not to acquire Bitcoin, this is one of my most used word when
discussing with my friends that have
high interest in crypto, but don't have capital too buy.

Since I introduced the DCA method to them, it was a game changer too them,
DCA is the best way for low income earners to acquire more Bitcoin.

I don't know if anyone else has different opinion about it?

With the little knowledge I possess over the DCA, I can confidently say that, it is the best thing ever to have happened to Bitcoin and Cryptocurrency. It is a simple similitude of SME (Small and Medium Enterprise) in the physical conventional world. With DCA, one can easily invest in the digital currencies and expect to get their returns in no long time. This is another option for those with High Blood Pressure and Hypertension when it comes to trading and investing. It will make a perfect choice for them. It is a life changer for me too.

Zoomic

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DCA is a nice way of acquiring bitcoin no doubts but that is not the only way. It is arguably not the best way either. The most important thing is to study the chart and know how to read and interpret it. If I manage to predict the bitcoin price, I don't think I will have any need for DCA. The reason why I like DCA is because I do not have the skills to predict the bitcoin price.
Meanwhile, others have their own reasons of adopting the DCA method, it could be that they do not have the funds to buy at once.
The market is full of scepticism and the sentiment is high, that is why many means are being deviced by many people to reduce losses and guard against fear and uncertainties in the market

sheenshane

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DCA is actually good but I think you shouldn't forget the downside of it.
It could be DCA may result in higher cumulative transaction costs over time compared to a big sum investment in a time.

This is really good for a long-term accumulation of Bitcoin, DCA can be an effective way to accumulate Bitcoin over several years. But if you think in a short period of time, forget the DCA option. Because when we say a low-income earner, it should be always a priority in our daily/necessary needs, and only invest what we can afford.

Best-mary

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Quote from: Kara3 on October 09, 2023, 04:02:59 PM

You have no excuse not to acquire Bitcoin, this is one of my most used word when
discussing with my friends that have
high interest in crypto, but don't have capital too buy.

Since I introduced the DCA method to them, it was a game changer too them,
DCA is the best way for low income earners to acquire more Bitcoin.

I don't know if anyone else has different opinion about it?

Yeah, the method remains the best to the point Dual Investment became a replication of it. But one thing about DCA is that you need to stay informed in order not to miss out unlike the latter

GreatArkansas

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Quote from: Kara3 on October 09, 2023, 04:02:59 PM

(....)
Since I introduced the DCA method to them, it was a game changer too them,
DCA is the best way for low income earners to acquire more Bitcoin.

I don't know if anyone else has different opinion about it?

I agree that it will help some low-income earners because you will be able to learn a lot of lessons here which for me the major is the ability to save, like when you are an employee and have this salary which you are saving some part of your salary or any money that you make is already win, with this attitude you are helping your self, even let's say you save Bitcoin or fiat.
For me, DCA is already good or on the other hand, you can save fiat first and once you just feel like buying Bitcoin, you can use the fiat you saved, but this is not DCA or depends if you still want to do DCA using the money you saved.

nelson4lov

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Quote from: adaseb on October 09, 2023, 04:17:41 PM

I don't know if its just me but it seems we have a DCA thread created once every few weeks in the Bitcoin talk discussion.

Yes in general its best to DCA because that way you don't end up getting a bad fill if the price keeps dipping. Sure its not fool proof because you might end up missing out on buying at a low price during a strong bull market and the same is try if you DCA to sell, if you sell during a bear market then you will get bad fills.

However in a sideways market such as now then DCA makes the most sense, just don't DCA during extreme bull and extreme bear periods.

I thought I was the only one noticing this. Lately, it seems like the general sentiment is this board is that the market is going to go up soon and everybody is just exploring different options that would help them to maximize for profits using methods like DCA, lump buying etc.

The fact that most of them make these threads without checking the past threads on the same subject matter doesn't make a lot of sense, but well..

terrific

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Quote from: Kara3 on October 09, 2023, 04:02:59 PM

DCA is the best way for low income earners to acquire more Bitcoin.

Not just for low income earners but make it in general that it's for everyone who wants to acquire Bitcoin at any means and any amount.

Quote from: Kara3 on October 09, 2023, 04:02:59 PM

I don't know if anyone else has different opinion about it?

There will be different opinions from everyone concering DCA. It could be working for most including me but I think that there are a few that this doesn't work for them.

lionheart78

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Quote from: Kara3 on October 09, 2023, 04:02:59 PM

I don't know if anyone else has different opinion about it?

I greatly support DCA for those who have interest on Bitcoin but low on funds. This way they can allocate a small amount of their income for a long term period and accumulate enough BTC to at least elevate their financial status or help their family to live a more comfortable life in the future.

I also told my friend that investing with DCA can be long-term in order to see their portfolio have an effect on their economic standing so patience, consistency, and motivation is the key to fulfilling their goal to accumulate the amount of Bitcoin that can change their lives.

gunhell16

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Quote from: Kara3 on October 09, 2023, 04:02:59 PM

You have no excuse not to acquire Bitcoin, this is one of my most used word when
discussing with my friends that have
high interest in crypto, but don't have capital too buy.

Since I introduced the DCA method to them, it was a game changer too them,
DCA is the best way for low income earners to acquire more Bitcoin.

I don't know if anyone else has different opinion about it?

As far as I know, someone has made this topic about DCA, and many of you are implementing it to accumulate crypto assets that they want to have before the bull run or bitcoin halving. And it cannot be denied that this method is effective and has been practiced by some communities here in the crypto space for several years.

Even though I do this every time I have the opportunity to buy crypto that I want to accumulate, my aim this coming bull season is at least to be able to buy myself a house and a small business for my family. If the DCA really is very recommendable to everyone here,

adaseb

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I don't know if its just me but it seems we have a DCA thread created once every few weeks in the Bitcoin talk discussion.

Yes in general its best to DCA because that way you don't end up getting a bad fill if the price keeps dipping. Sure its not fool proof because you might end up missing out on buying at a low price during a strong bull market and the same is try if you DCA to sell, if you sell during a bear market then you will get bad fills.

However in a sideways market such as now then DCA makes the most sense, just don't DCA during extreme bull and extreme bear periods.

_act_

legendary

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Quote from: Kara3 on October 09, 2023, 04:02:59 PM

I don't know if anyone else has different opinion about it?

DCA is a good idea for people that are earning little amount of money weekly or monthly in a way they can not invest the total amount they which to invest all at once. But this topic is becoming common these days on this forum. I think you should search for DCA related threads on this forum and see how often people are using it to make topic. This one is today: https://bitcointalksearch.org/topic/m.62968022

Kara3

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You have no excuse not to acquire Bitcoin, this is one of my most used word when
discussing with my friends that have
high interest in crypto, but don't have capital too buy.

Since I introduced the DCA method to them, it was a game changer too them,
DCA is the best way for low income earners to acquire more Bitcoin.

I don't know if anyone else has different opinion about it?

Topic: DCA method - page 14. (Read 3547 times)