Author

Topic: DCA on a real account: does it work? (Read 473 times)

sr. member
Activity: 1008
Merit: 366
October 22, 2023, 01:34:43 PM
#51
I see it differently. Especially for newcomers to the market DCA is a top strategy to build up a stock of coins. Both if the person plans to invest money in the long term (savings plans, ...) and if you want to invest in a coin with a fixed amount (eg 1.000€). Emotions play absolutely no role here and you can not make bad purchases (if you stick to the plan, of course). This is a massive relief, especially for newcomers to the very volatile crypto market. I have seen enough "newbies" who got out after the smallest losses and missed the chance for big profits.
Emotion does not play a role while buying, but while hodling. I agree that a newcomer can accumulate bitcoin despite the volatile nature of the market, and that could be achieved by doing DCA. Emotion does not play a role and there are no bad purchases if we stick to plan, that's right. But DCA does not give you profit instantly. You need to keep Hodling till it reaches its peak so that you can get a good amount of profit. Imagine a newbie without any emotion control who is facing a market fluctuation. Without any knowledge of emotion control, he will panic sell for sure and make a loss.

It is OK to start without any knowledge and anything while doing DCA, but if you don't learn it later on, then that should be a huge problem. The internet is full of FOMO, FUD and all those influencers influencing people to take bad decisions. In a place like that, sticking to the plan without emotion control is really hard. You will fall victim for sure.
hero member
Activity: 980
Merit: 947
October 22, 2023, 11:55:44 AM
#50
As a beginner, DCA will help you accumulate bitcoin regularly, which gives you a better chance of increasing you bitcoin investment portfolio with ease and faster. It is been confirmed by expert investors that as long as you are hodling for a long term, DCA method of accumulating bitcoin will serve you better because you have made a budget of the actual amount that you will use to buy bitcoin regularly, either weekly or monthly. DCA strategy is the way to passive income when you invest in bitcoin, this is because you will always buy bitcoin irrespective of the price movement of bitcoin and your portfolio will keep on increasing bit by bit. If can you use DCA method to accumulate for one circle and sell at the bull run.
The DCA strategy itself will not make you rich if you fail to use it properly. If you buy Bitcoin on ATH, then you will significantly worsen the conditions and, as a result, the average purchase price will allow you to make a significantly smaller profit than if you started buying at the bottom of the bear market. And for this you need to have a lot of necessary knowledge, so the strategy itself for a beginner will not be the solution to all his problems or some kind of magic recipe that will make him wealthy.
hero member
Activity: 658
Merit: 562
October 22, 2023, 11:34:42 AM
#49
As a beginner, DCA will help you accumulate bitcoin regularly, which gives you a better chance of increasing you bitcoin investment portfolio with ease and faster. It is been confirmed by expert investors that as long as you are hodling for a long term, DCA method of accumulating bitcoin will serve you better because you have made a budget of the actual amount that you will use to buy bitcoin regularly, either weekly or monthly. DCA strategy is the way to passive income when you invest in bitcoin, this is because you will always buy bitcoin irrespective of the price movement of bitcoin and your portfolio will keep on increasing bit by bit. If can you use DCA method to accumulate for one circle and sell at the bull run.
legendary
Activity: 2520
Merit: 3054
Enjoy 500% bonus + 70 FS
October 22, 2023, 11:32:53 AM
#48
[...]
But for a newbie, it is going to be difficult if they don't know how market works and how they should control their emotions. So I should suggest learning emotion control before doing DCA or before coming into the crypto platform.
I see it differently. Especially for newcomers to the market DCA is a top strategy to build up a stock of coins. Both if the person plans to invest money in the long term (savings plans, ...) and if you want to invest in a coin with a fixed amount (eg 1.000€). Emotions play absolutely no role here and you can not make bad purchases (if you stick to the plan, of course). This is a massive relief, especially for newcomers to the very volatile crypto market. I have seen enough "newbies" who got out after the smallest losses and missed the chance for big profits.
sr. member
Activity: 1008
Merit: 366
October 22, 2023, 11:17:20 AM
#47
DCA is a safe method, it doesn't require you to know any trading, any charts or anything and you still get to make a safe profit, that is a lot better and should be considered a lot easier as well. That's what I have been doing for years and it looks good for now.

DCA is safe only when it's done right. The main thing that we need to focus while doing DCA is to have patience and not get influenced by our own emotions. In technical terms, it is easy because as you mentioned we don't need any complex knowledge about charts, market, and all the other strategies required for trading. All we need to do is know how to buy Bitcoin and safely store it. That's all there is to it.

But it only becomes hard when we are holding it throughout all the market movements that may lead many people to panic still and sell at a loss. DCA does not give you profit instantly like trading. It takes a longer period of time and in order to hold throughout that time frame we need to have strong emotion control. Otherwise, as mentioned people will sell at a loss just because they weren't ready to hodl. From what I can tell, you have been in this for a while and you know how things works. But for a newbie, it is going to be difficult if they don't know how market works and how they should control their emotions. So I should suggest learning emotion control before doing DCA or before coming into the crypto platform.
hero member
Activity: 2870
Merit: 574
Vave.com - Crypto Casino
October 22, 2023, 09:29:49 AM
#46
If you are an investor then definitely use DCA method it will save you from maximum. The most important things you should know when you start investing are avoiding risk and being aware of market volatility. If you can analyze the various strategies of the market when you invest then you can definitely profit. That is why the most important thing for your success in trading is technical analysis which will help you to always maintain positive thoughts. That's why using DCA when you invest will always bring you to a profitable level, and will play a major role in the success of your business.
Using several strategies in investing will certainly be able to reduce the losses we will incur so that we can maintain the assets we have in various situations and also we can still overcome them when we make mistakes that we accidentally make. Choosing the DCA method in investing is very profitable if we have passive income then we will be able to take the time to buy it in stages, but if we don't have passive income I think it is difficult to use this method.
That is why many people recommend using the DCA method. They don't have to buy at one time but divide it over several times to get various low prices.
We have to try to do this so that we can also have lots of Bitcoin in investing. If we can continue to use DCA regularly, we will not worry about market price movements because our investment goal is long term.

We also won't think much about the news circulating or changing price movements. We can use it to our advantage in buying Bitcoin at low prices.
hero member
Activity: 2282
Merit: 659
Looking for gigs
October 22, 2023, 07:51:51 AM
#45
For me, DCA is for those who are thinking long term and not caring about the volatility of Bitcoin. It is what I have been doing in the past year where I am doing dollar-cost averaging on Bitcoin and Ethereum with my extra money.

Although technically it is less riskier than day trading, but it is still subject to market volatility and has no guarantees or promises, but accumulating while waiting for the bull market would be great.

As of now, I am at a profit where I bought them when it was still at $18k to $23k range, but there are a couple of deposits I have made where I am still at a loss at around $30k to $31k range.

We might be excited for the halving, but always be prepared for the unexpected happenings.
sr. member
Activity: 812
Merit: 252
Free Crypto Faucet in Trustdice
October 21, 2023, 10:59:07 PM
#44
If you are an investor then definitely use DCA method it will save you from maximum. The most important things you should know when you start investing are avoiding risk and being aware of market volatility. If you can analyze the various strategies of the market when you invest then you can definitely profit. That is why the most important thing for your success in trading is technical analysis which will help you to always maintain positive thoughts. That's why using DCA when you invest will always bring you to a profitable level, and will play a major role in the success of your business.
Using several strategies in investing will certainly be able to reduce the losses we will incur so that we can maintain the assets we have in various situations and also we can still overcome them when we make mistakes that we accidentally make. Choosing the DCA method in investing is very profitable if we have passive income then we will be able to take the time to buy it in stages, but if we don't have passive income I think it is difficult to use this method.
sr. member
Activity: 700
Merit: 380
🎗️🍁🎭
October 21, 2023, 09:56:33 PM
#43
If you are an investor then definitely use DCA method it will save you from maximum. The most important things you should know when you start investing are avoiding risk and being aware of market volatility. If you can analyze the various strategies of the market when you invest then you can definitely profit. That is why the most important thing for your success in trading is technical analysis which will help you to always maintain positive thoughts. That's why using DCA when you invest will always bring you to a profitable level, and will play a major role in the success of your business.
legendary
Activity: 3052
Merit: 1188
October 21, 2023, 02:25:23 PM
#42
DCA is a complete strategy itself. You put certain amount of money after certain period of time. It should be continuous until you decide to sell for a profit. If you make any changes in it or if you temper with the continuity, then it does not stay as DCA.
I got your idea and strategy. You came up with something new by combining different strategies that already exist. But when you change something in a strategy it becomes something else. It could be new or it could already exist.

As you have mentioned that you are not a regular trader and you want a passive way to make income then I would suggest sticking to the DCA method. It should not be a short-term profit scheme rather you should focus on long term. DCA does not guarantee steady gain. The price may fall time to time but if you hold for long enough you will see gain. In DCA, All it takes is patience and strong will to hold till you see profits. But if you want short-term profit you will have to go through the complicated learning of trading process. If you're not yet ready for that then it should stick with DCA in my opinion.
That's true, the biggest profit maker for any passive way to make money would be DCA, that way you would be able to make a profit and you would not have to worry about anything else. I understand that some people think that it would be hard to make profit because they see that the bottom and the top are very far away and you could trade them and make a bigger profit but the reality is that most people who try to make a trade like that ends up making the wrong trade and lose money instead of make more.

DCA is a safe method, it doesn't require you to know any trading, any charts or anything and you still get to make a safe profit, that is a lot better and should be considered a lot easier as well. That's what I have been doing for years and it looks good for now.
sr. member
Activity: 1008
Merit: 366
October 20, 2023, 09:59:00 AM
#41
DCA is a complete strategy itself. You put certain amount of money after certain period of time. It should be continuous until you decide to sell for a profit. If you make any changes in it or if you temper with the continuity, then it does not stay as DCA.
I got your idea and strategy. You came up with something new by combining different strategies that already exist. But when you change something in a strategy it becomes something else. It could be new or it could already exist.

As you have mentioned that you are not a regular trader and you want a passive way to make income then I would suggest sticking to the DCA method. It should not be a short-term profit scheme rather you should focus on long term. DCA does not guarantee steady gain. The price may fall time to time but if you hold for long enough you will see gain. In DCA, All it takes is patience and strong will to hold till you see profits. But if you want short-term profit you will have to go through the complicated learning of trading process. If you're not yet ready for that then it should stick with DCA in my opinion.
full member
Activity: 1148
Merit: 158
★Bitvest.io★ Play Plinko or Invest!
October 16, 2023, 07:37:18 AM
#40
[...]
Maybe there are still people who do a DCA even in a bull period because they have a higher expectation, or/and maybe they only sell less for a while. DCA is about having a patience. For those starters, mistakes are still prone but they shouldn't gave up easily.
DCA has nothing to do with the general market sentiment (bullish vs. bearish), so you always execute the DCA buys. Otherwise, it is no longer DCA but falls for me into the standard trading category. If you intervene ("I'm not buying now, because we are currently in the bull market"), you decide on the trades yourself and do not take advantage of the fact that you are very often wrong with your own assessment and your own gut feeling ... which is exactly what DCA is for: You always buy at a fixed time for a fixed amount.

My DCA savings plans run parallel to my trading and HODL-ing plans and perform very well.

DCA only works depends on the time horizon you are willing to risk your money and not take it out. It's very easy to put your saving into some coin investment but most cannot handle their account being on negative for months. So instead they take losses because of fear instead of sticking to their DCA plan. Since it's DCA, timing isn't a big deal after all just make sure that you can hold it as long as you can.

DCA is not quick profits. If you've had, then you're very lucky to be on the right market condition but until then you can do averaging to participate in the market.
legendary
Activity: 2520
Merit: 3054
Enjoy 500% bonus + 70 FS
October 16, 2023, 04:30:47 AM
#39
[...]
Maybe there are still people who do a DCA even in a bull period because they have a higher expectation, or/and maybe they only sell less for a while. DCA is about having a patience. For those starters, mistakes are still prone but they shouldn't gave up easily.
DCA has nothing to do with the general market sentiment (bullish vs. bearish), so you always execute the DCA buys. Otherwise, it is no longer DCA but falls for me into the standard trading category. If you intervene ("I'm not buying now, because we are currently in the bull market"), you decide on the trades yourself and do not take advantage of the fact that you are very often wrong with your own assessment and your own gut feeling ... which is exactly what DCA is for: You always buy at a fixed time for a fixed amount.

My DCA savings plans run parallel to my trading and HODL-ing plans and perform very well.
hero member
Activity: 2100
Merit: 546
Leading Crypto Sports Betting & Casino Platform
October 16, 2023, 02:04:15 AM
#38
DCA is a thing you can use at any time of crypto, doesn't matter if it's bull or bear and you could keep using it the more you want. It is obvious that during the bear period you will be collecting, and during the bull period you are going to be profiting, that should how you approach this.

 Maybe it's not all that easy to handle it that quickly but if we are smart about it then we could probably make some money with it as well. I hope that it gets to a point where we could end up with something that is a lot better and the results will be a lot more profitable if we are careful about it as well.
You mean at any market conditions, but not anytime because I think some follows a schedule if when will they do a DCA. The more we buy or do a DCA, the better but the only problem sometimes is the cash. Maybe there are still people who do a DCA even in a bull period because they have a higher expectation, or/and maybe they only sell less for a while. DCA is about having a patience. For those starters, mistakes are still prone but they shouldn't gave up easily.

I understand that it may not be all that simple but we could make it work one way or another if we are careful about it.
Yeah being careful. It can be careful of handling our money outside so that we still have money left to do a DCA, and then careful that we can continue HODLing our coins until we achieve the best selling price that we can think of.
jr. member
Activity: 69
Merit: 0
October 04, 2023, 05:44:16 AM
#37
I'm a big fan of DCA, so I created my own strategy using Pine Script in TradingView. It combines dollar cost averaging, grid trading, and my own creativity.
How exactly do you plan to combine grid trading as well as dollar cost averaging and what forms your own creativity?
DCA is not a trading strategy although it looks like it in some way, it is more of an investment strategy and a long term one specifically for those who do not want to go through the burden of reading charts and trying to pick the best time to buy and to sell.

I'm not a trader, so I was looking for a more passive approach to investing. I'm hoping that this strategy will be a good fit for me.
Simple DCA is a passive approach already, you do not need to complicate it and include grid trading.

- Jay -
Yea I was actually thinking same thing, DCA is mostly for those looking at longterm . Which most times as traders you could still incur losses yeah. But when you wanna DCA you’ll look at a more 15% or above roi
newbie
Activity: 25
Merit: 4
September 30, 2023, 10:19:39 PM
#36


In my opinion, DCA is an effective strategy in any market situation. I am also a DCA user on the spot market.

Regarding ROI of 15-23% per year, I think it is reasonable and good, but not optimal. Why do I think it's not optimal? In my opinion, there are several additional strategies that make DCA more optimal and able to increase the profit percentage to 50-100 percent to 200 percent. DCA combined with additional skills or expertise in market analysis; technical & fundamental analysis, understanding doji - patterns and patience can optimize profits. Maybe this 15-23% ROI is if you do DCA irregularly or just enter at the current price where you have the money and with an irregular RR.

Certainly, you can achieve higher profits when combined with technical and fundamental analysis, but the returns may vary from year to year, with some years being excellent and others more modest. What I have done is to consistently achieve a monthly gain ranging from 0.8% to 3%, irrespective of whether the market is bearish or bullish, according to backtesting. That's why I'm currently testing it on a real account. I've been doing so since September 15th, and tomorrow I will share the link to the trades and the earnings for the month of September.

Thank you for your comment.
sr. member
Activity: 868
Merit: 326
September 30, 2023, 10:21:22 AM
#35


In my backtesting results, my strategy has a ROI of 15-23% per year


In my opinion, DCA is an effective strategy in any market situation. I am also a DCA user on the spot market.

Regarding ROI of 15-23% per year, I think it is reasonable and good, but not optimal. Why do I think it's not optimal? In my opinion, there are several additional strategies that make DCA more optimal and able to increase the profit percentage to 50-100 percent to 200 percent. DCA combined with additional skills or expertise in market analysis; technical & fundamental analysis, understanding doji - patterns and patience can optimize profits. Maybe this 15-23% ROI is if you do DCA irregularly or just enter at the current price where you have the money and with an irregular RR.
hero member
Activity: 3220
Merit: 678
www.Crypto.Games: Multiple coins, multiple games
September 30, 2023, 04:48:11 AM
#34
I was curious as to how you connected trading in the cryptocurrency market with DCA. How does grid trading work for this? As far as I'm aware, DCA is not a tool for trading in this particular bitcoin market.

Are you able to buy bitcoin every day for $100 under current circumstances, despite the fact that DCA is an excellent approach to amass Bitcoin and other cryptocurrencies that anyone believes will provide a big profit during the upcoming bull season or bitcoin halving next year? To be honest, it's not simple for regular folks working in the Bitcoin sector to achieve this.
DCA is a thing you can use at any time of crypto, doesn't matter if it's bull or bear and you could keep using it the more you want. It is obvious that during the bear period you will be collecting, and during the bull period you are going to be profiting, that should how you approach this.

I understand that it may not be all that simple but we could make it work one way or another if we are careful about it. Maybe it's not all that easy to handle it that quickly but if we are smart about it then we could probably make some money with it as well. I hope that it gets to a point where we could end up with something that is a lot better and the results will be a lot more profitable if we are careful about it as well.
legendary
Activity: 2268
Merit: 1655
To the Moon
September 29, 2023, 11:55:57 AM
#33
Have you defined for yourself any time frame during which you will buy coins? After all, in the end everything will depend on the amount of money in your wallet. And if you run out of money, and the value of Bitcoin continues to decline, then you will get an unacceptable average value of the coin.
The way my investment strategy works is on a short-term basis on the 3-hour time frame. There will be purchases that last for just one day or even less before becoming profitable, as well as some that extend beyond one month. Consequently, there is no need for an infinite amount of capital. There is a video on mi tiktok explaining how it works. There is a video on my tiktok that explains how it works.

In this case, your current strategy has nothing to do with DCA and it is unclear why you used this abbreviation in the name of the thread. You should understand that a characteristic feature of the DCA strategy is the systematic nature and duration during which it is used.

The idea is that my investment method works by averaging purchase prices, but on a short-term basis while making them profitable. You are correct; I should have used a different term in the thread. However, if you read the post, it mentions that it combines elements of DCA and Grid trading, albeit only certain characteristics from these methods.

DCA cannot be used for short-term trading. You get a profit only due to the fact that the market allows you to close previously opened longs. But if the price will be regularly reduced, not allowing you to sell previously purchased coins, you will not be able to stick to your strategy for a short-term deal.
newbie
Activity: 25
Merit: 4
September 28, 2023, 04:44:27 PM
#32

My eyes popped out of their sockets when I saw that ROI. Jesus fucking christ that's huge, although I must ask, what maths lead you to these numbers? and how were you able to integrate DCA with grid trading, to me those two trading systems are a little on the opposite sides of the spectrum cause you got one where you invest regardless of the price, and another where you trade on specific price sets. Just trying to wrap my head around this whole thing lol.

The foundation of DCA is averaging the purchase price, and that's the characteristic I employ in my strategy, "averaging prices." The GRID aspect is established based on market volatility, which is somewhat complex to explain. In essence, it's neither DCA nor GRID; it's a system that incorporates a few features from both. By applying certain mathematical calculations, it achieves that ROI. This is in the context of spot trading. While leverage could be used to multiply returns, that would transition into trading rather than investing. If you're curious, here's the chart for 2022 applying my method https://es.tradingview.com/chart/BTCUSDT/qtnVf3E5/ .You can view all the trades that were executed throughout the year.

full member
Activity: 2086
Merit: 193
September 28, 2023, 04:33:52 PM
#31
I began testing the strategy on September 15th of this year. As you rightly mentioned, in addition to TikTok, I will also prepare an Excel spreadsheet to track and demonstrate the progress. Moreover, I believe it would be beneficial to create a website to showcase how the strategy works. Thank you for the suggestion; I will definitely consider it.

Have you defined for yourself any time frame during which you will buy coins? After all, in the end everything will depend on the amount of money in your wallet. And if you run out of money, and the value of Bitcoin continues to decline, then you will get an unacceptable average value of the coin.
If there’s no budget yet, better not to chase the drop and just wait for your money to come.
The purpose of DCA is to play long, and not to chase every drop because it can be risky too. You just need to timing everything and have a good time plan on when to buy like you can set it every time you receive your payroll and this is way better. Cheaper Bitcoin can be more attractive but of course, there’s no need to rush and grab it, just stay focus on your own timeline.
sr. member
Activity: 2478
Merit: 343
20BET - Premium Casino & Sportsbook
September 28, 2023, 04:27:31 PM
#30
Honestly, it is a different experience when you are doing it in actuality. DCA really works and based on your backtesting gives you a profit which is right but can't expect the market to behave the same as in your test that is why I would there big changes when doing it in real life. And for some reasons;
 - emotions dealing
 - market sentiment
 - risk management

Well, if you can play it well and stick to your plan, you can even make an ROI of more than 15-23% per year.
newbie
Activity: 25
Merit: 4
September 28, 2023, 04:23:57 PM
#29

I dont know but i do have a feeling that this is some sort of indirect kind of advertising your tiktok channel or it is just me?  Smiley

If we do speak about indicators or whatever tools that you've been using on your trading analysis then there's no such thing about being bad or right because we are all free on whatever analysis that we do come up with and if you do make out some combinations or add up other than DCA then its your choice because it would really be just that so normal that we will really be making combinations of different trading style and method or indicators or strategies that you would really be applying on a certain moment or scenario. Does it work? If it works and brings out profit for you then thats it.

Just make it sure that you are really that wary about the volatility. Even lets say that you are making use of Hourly time frame then you should be that
wary about those sudden spikes and crashes that we could have on this market. Always better to make yourself that prepared.

Hello, in response to your question, I am not promoting my TikTok. It's a way to share my progress on a real account while applying my investment strategy.
The reason I'm doing this is because there are probably many people who don't feel comfortable with trading, and I will try to demonstrate that it is possible to achieve good short-term returns by investing in spot.
newbie
Activity: 25
Merit: 4
September 28, 2023, 04:12:24 PM
#28
Have you defined for yourself any time frame during which you will buy coins? After all, in the end everything will depend on the amount of money in your wallet. And if you run out of money, and the value of Bitcoin continues to decline, then you will get an unacceptable average value of the coin.
The way my investment strategy works is on a short-term basis on the 3-hour time frame. There will be purchases that last for just one day or even less before becoming profitable, as well as some that extend beyond one month. Consequently, there is no need for an infinite amount of capital. There is a video on mi tiktok explaining how it works. There is a video on my tiktok that explains how it works.

In this case, your current strategy has nothing to do with DCA and it is unclear why you used this abbreviation in the name of the thread. You should understand that a characteristic feature of the DCA strategy is the systematic nature and duration during which it is used.

The idea is that my investment method works by averaging purchase prices, but on a short-term basis while making them profitable. You are correct; I should have used a different term in the thread. However, if you read the post, it mentions that it combines elements of DCA and Grid trading, albeit only certain characteristics from these methods.
sr. member
Activity: 2604
Merit: 338
Vave.com - Crypto Casino
September 28, 2023, 02:33:16 PM
#27

Hey everyone!

I'm a big fan of DCA, so I created my own strategy using Pine Script in TradingView. It combines dollar cost averaging, grid trading, and my own creativity.

In my backtesting results, my strategy has a ROI of 15-23% per year, not including compound interest. I'm currently testing it in a real account, and I'm sharing my trades on TikTok. My strategy currently works only with Bitcoin and in the hourly time frame. I'm still learning and improving the strategy, and I'm excited to see how it performs in the real market.

I'm not a trader, so I was looking for a more passive approach to investing. I'm hoping that this strategy will be a good fit for me. I'd love it if you'd check out my TikTok account (@cryptobeestrategies ) and give me some feedback. I'm still learning, and I appreciate any help I can get.

Thanks for reading!
I dont know but i do have a feeling that this is some sort of indirect kind of advertising your tiktok channel or it is just me?  Smiley

If we do speak about indicators or whatever tools that you've been using on your trading analysis then there's no such thing about being bad or right because we are all free on whatever analysis that we do come up with and if you do make out some combinations or add up other than DCA then its your choice because it would really be just that so normal that we will really be making combinations of different trading style and method or indicators or strategies that you would really be applying on a certain moment or scenario. Does it work? If it works and brings out profit for you then thats it.

Just make it sure that you are really that wary about the volatility. Even lets say that you are making use of Hourly time frame then you should be that
wary about those sudden spikes and crashes that we could have on this market. Always better to make yourself that prepared.
legendary
Activity: 2268
Merit: 1655
To the Moon
September 28, 2023, 02:25:11 PM
#26
Have you defined for yourself any time frame during which you will buy coins? After all, in the end everything will depend on the amount of money in your wallet. And if you run out of money, and the value of Bitcoin continues to decline, then you will get an unacceptable average value of the coin.
The way my investment strategy works is on a short-term basis on the 3-hour time frame. There will be purchases that last for just one day or even less before becoming profitable, as well as some that extend beyond one month. Consequently, there is no need for an infinite amount of capital. There is a video on mi tiktok explaining how it works. There is a video on my tiktok that explains how it works.

In this case, your current strategy has nothing to do with DCA and it is unclear why you used this abbreviation in the name of the thread. You should understand that a characteristic feature of the DCA strategy is the systematic nature and duration during which it is used.
jr. member
Activity: 280
Merit: 8
BTC Lover|Crypto Educator| We Grow by Learning!
September 28, 2023, 01:27:29 PM
#25

Hey everyone!

I'm a big fan of DCA, so I created my own strategy using Pine Script in TradingView. It combines dollar cost averaging, grid trading, and my creativity.

In my backtesting results, my strategy has a ROI of 15-23% per year, not including compound interest. I'm currently testing it in a real account, and I'm sharing my trades on TikTok. My strategy currently works only with Bitcoin and in the hourly time frame. I'm still learning and improving the strategy, and I'm excited to see how it performs in the real market.

I'm not a trader, so I was looking for a more passive approach to investing. I'm hoping that this strategy will be a good fit for me. I'd love it if you'd check out my TikTok account (@cryptobeestrategies ) and give me some feedback. I'm still learning, and I appreciate any help I can get.

Thanks for reading!

If you were using exchange, I would have told you to study this Dual Investment methodology. It's been helpful for quite some time. Since you have an idea of creating your strategy, I think that will help.
hero member
Activity: 1750
Merit: 589
September 27, 2023, 05:33:30 PM
#24

Hey everyone!

I'm a big fan of DCA, so I created my own strategy using Pine Script in TradingView. It combines dollar cost averaging, grid trading, and my own creativity.

In my backtesting results, my strategy has a ROI of 15-23% per year, not including compound interest. I'm currently testing it in a real account, and I'm sharing my trades on TikTok. My strategy currently works only with Bitcoin and in the hourly time frame. I'm still learning and improving the strategy, and I'm excited to see how it performs in the real market.

I'm not a trader, so I was looking for a more passive approach to investing. I'm hoping that this strategy will be a good fit for me. I'd love it if you'd check out my TikTok account (@cryptobeestrategies ) and give me some feedback. I'm still learning, and I appreciate any help I can get.

Thanks for reading!
My eyes popped out of their sockets when I saw that ROI. Jesus fucking christ that's huge, although I must ask, what maths lead you to these numbers? and how were you able to integrate DCA with grid trading, to me those two trading systems are a little on the opposite sides of the spectrum cause you got one where you invest regardless of the price, and another where you trade on specific price sets. Just trying to wrap my head around this whole thing lol.
hero member
Activity: 3066
Merit: 629
20BET - Premium Casino & Sportsbook
September 27, 2023, 04:21:44 PM
#23
You can't be sure with that ROI you're mentioning with those numbers. Because from what I am experiencing through DCA, you just can't measure how much the ROI, the losses, and the profit will be. It is literally unknown. And you can't just do DCA on fake accounts or demo accounts because we're talking about real money here, real crypto and without such, you can't buy those on any exchange.

I'm not a trader, so I was looking for a more passive approach to investing. I'm hoping that this strategy will be a good fit for me.
This is the better approach if you're not really a trader. Yes, it's passive and for sure if you have understood how it works, it's certainly a good fit for you.

My approach isn't strictly DCA since DCA involves making regular purchases at set intervals. Instead, my strategy involves making multiple purchases based on market volatility, coupled with a fixed take-profit target. In my case, after conducting a successful backtest, I have implemented this strategy in a live trading account. For instance, you can observe the performance in 2022, which was a bearish year.https://es.tradingview.com/chart/BTCUSDT/qtnVf3E5/
Nice.
I do understand what you're saying that it's still DCA whether you set regular buys out or you just want to buy all of a sudden but that's been a practice that you've been following.
If you're able to do successful back test with it and was able to measure how much profit and percentage you'll get from the ROI you've seen in projection, that's nice. Anyway if you're going to reply to others, just merge it in post to avoid deletion or problems from the mods.
newbie
Activity: 25
Merit: 4
September 27, 2023, 02:21:02 PM
#22

Have you defined for yourself any time frame during which you will buy coins? After all, in the end everything will depend on the amount of money in your wallet. And if you run out of money, and the value of Bitcoin continues to decline, then you will get an unacceptable average value of the coin.


The way my investment strategy works is on a short-term basis on the 3-hour time frame. There will be purchases that last for just one day or even less before becoming profitable, as well as some that extend beyond one month. Consequently, there is no need for an infinite amount of capital. There is a video on mi tiktok explaining how it works. There is a video on my tiktok that explains how it works.


newbie
Activity: 25
Merit: 4
September 27, 2023, 02:10:37 PM
#21

I was curious as to how you connected trading in the cryptocurrency market with DCA. How does grid trading work for this? As far as I'm aware, DCA is not a tool for trading in this particular bitcoin market.

Are you able to buy bitcoin every day for $100 under current circumstances, despite the fact that DCA is an excellent approach to amass Bitcoin and other cryptocurrencies that anyone believes will provide a big profit during the upcoming bull season or bitcoin halving next year? To be honest, it's not simple for regular folks working in the Bitcoin sector to achieve this.

DCA is a form of investment; what I'm saying is that I've created my own strategy, incorporating aspects such as averaging the entry price and making regular investments akin to the DCA methodology. Additionally, I leverage somewhat complex mathematical calculations, which are challenging to explain, to predict buying points based on volatility, similar to Grid trading. It's a distinct tool that is neither DCA nor Grid Trading because I'm only utilizing certain characteristics from these methods to simplify comprehension.

I've been implementing this strategy in the real market since September 15th, and I'm documenting my progress on TikTok. Thank you for your response.
full member
Activity: 504
Merit: 212
September 27, 2023, 02:07:29 PM
#20
1 year ago btc was worth about 18k usd  and now it is above 26.
That's is about 50% up.

Whatever you did  you would have made a lot of money just by buying btc. It is easy to trade when the market makes 50%+ in a year.
(....)

The only challenge with buying the dip, it's usually so hard to know the bottom until it's too late.
Very well said.
That's why DCA is really effective especially if you are a busy person and don't have time to do some analysis to identify the bottom or let's say you are really not a technical guy to deep dive into some analysis, DCA is your friend. Just be consistent.

I don't think DCA is for busy people. Buying something one time in a week or month and someone doesn't have even time for that! It is hard to believe. What i know is DCA is for those who want to hold a coin for a very long time and the market is moving sideways. Like if you have been doing DCA for over the past 2 years your average must be lower than those who are investing now.

If you are a busy person and want to trade to make a profit when the market is moving sideways and you don't have any intention to hold for a long time then Grid trading is best for you. Just set the support and resistance parameters and create the bot with the amount of grid you want to put there. Now it will run on its own and you can be busy where ever you want.
legendary
Activity: 2268
Merit: 1655
To the Moon
September 27, 2023, 02:01:52 PM
#19
I began testing the strategy on September 15th of this year. As you rightly mentioned, in addition to TikTok, I will also prepare an Excel spreadsheet to track and demonstrate the progress. Moreover, I believe it would be beneficial to create a website to showcase how the strategy works. Thank you for the suggestion; I will definitely consider it.

Have you defined for yourself any time frame during which you will buy coins? After all, in the end everything will depend on the amount of money in your wallet. And if you run out of money, and the value of Bitcoin continues to decline, then you will get an unacceptable average value of the coin.
hero member
Activity: 1904
Merit: 541
September 27, 2023, 08:14:25 AM
#18

Hey everyone!

I'm a big fan of DCA, so I created my own strategy using Pine Script in TradingView. It combines dollar cost averaging, grid trading, and my own creativity.

In my backtesting results, my strategy has a ROI of 15-23% per year, not including compound interest. I'm currently testing it in a real account, and I'm sharing my trades on TikTok. My strategy currently works only with Bitcoin and in the hourly time frame. I'm still learning and improving the strategy, and I'm excited to see how it performs in the real market.

I'm not a trader, so I was looking for a more passive approach to investing. I'm hoping that this strategy will be a good fit for me. I'd love it if you'd check out my TikTok account (@cryptobeestrategies ) and give me some feedback. I'm still learning, and I appreciate any help I can get.

Thanks for reading!

I was curious as to how you connected trading in the cryptocurrency market with DCA. How does grid trading work for this? As far as I'm aware, DCA is not a tool for trading in this particular bitcoin market.

Are you able to buy bitcoin every day for $100 under current circumstances, despite the fact that DCA is an excellent approach to amass Bitcoin and other cryptocurrencies that anyone believes will provide a big profit during the upcoming bull season or bitcoin halving next year? To be honest, it's not simple for regular folks working in the Bitcoin sector to achieve this.
hero member
Activity: 980
Merit: 947
September 27, 2023, 06:23:16 AM
#17
Very well said.
That's why DCA is really effective especially if you are a busy person and don't have time to do some analysis to identify the bottom or let's say you are really not a technical guy to deep dive into some analysis, DCA is your friend. Just be consistent.
DCA will not be able to guarantee you a good result if you cannot take the time to determine which market you are currently in, so you will still have to spend time on analysis. If, for example, a busy person simply starts buying on ATH because he did not have time to analyze the market, and he starts buying at 60k, then his average purchase price will not be very good and he is unlikely to receive much profit from such an investment.

Everything related to money will require certain knowledge and to some extent will require your time, at least in the initial stages. DCA is a good strategy, but if you start buying in a bear market, you will have a chance to make much larger profits.
newbie
Activity: 25
Merit: 4
September 26, 2023, 10:14:28 PM
#16

Thank you for sharing with us. Instead of tiktok, try to prepare an Excel file and visualize the outputs on a monthly basis, while giving notices of but orders here once every few days will be sufficient, as all the data here is open and any modification is recorded, not like other services in which users can modify the data.
If your service is successful, you will receive many donations, and you can create a paid channel after several months if you gain sufficient confidence.


I began testing the strategy on September 15th of this year. As you rightly mentioned, in addition to TikTok, I will also prepare an Excel spreadsheet to track and demonstrate the progress. Moreover, I believe it would be beneficial to create a website to showcase how the strategy works. Thank you for the suggestion; I will definitely consider it.
newbie
Activity: 25
Merit: 4
September 26, 2023, 10:06:20 PM
#15
I'm a big fan of DCA, so I created my own strategy using Pine Script in TradingView. It combines dollar cost averaging, grid trading, and my own creativity.

In my backtesting results, my strategy has a ROI of 15-23% per year, not including compound interest. I'm currently testing it in a real account, and I'm sharing my trades on TikTok. My strategy currently works only with Bitcoin and in the hourly time frame. I'm still learning and improving the strategy, and I'm excited to see how it performs in the real market.
DCA (Dollar Cost Averaging) is a good strategy for long term investor but it seems you have something wrong in your mind. With long term investment strategy, you should not aim at 15-23% ROI annually. Because investment in long term means you have to accept loss temporarily and maybe you will get nothing with one year DCA.

If you are curious and unsure about DCA, you can use https://dcabtc.com/, enter some parameters like how you want to DCA, and check how DCA works with past months of Bitcoin price.

You can use Portfolio trackers and accounts on Coinmarketcap and Coingecko for Demo DCA.
https://coinmarketcap.com/portfolio-tracker/
https://www.coingecko.com/en/portfolio
In the context of the Dollar-Cost Averaging (DCA) method, achieving an annual return on investment (ROI) ranging from 15% to 23% may appear unattainable. However, my strategy combines specific elements of both DCA and grid methods, along with other mathematical calculations that have demonstrated the ability to generate these results in the short term, as evidenced by a backtest.

For instance, consider the performance of the year 2022, a period marked by a bearish trend in Bitcoin as illustrated here: https://es.tradingview.com/chart/BTCUSDT/qtnVf3E5/

The primary objective of this strategy is to maintain liquidity consistently, ensuring that funds remain readily accessible for future use without concerns about them becoming stagnant.
legendary
Activity: 1596
Merit: 1288
September 26, 2023, 09:15:56 PM
#14

I'm not a trader, so I was looking for a more passive approach to investing. I'm hoping that this strategy will be a good fit for me. I'd love it if you'd check out my TikTok account (@cryptobeestrategies ) and give me some feedback. I'm still learning, and I appreciate any help I can get.

Thanks for reading!
Thank you for sharing with us. Instead of tiktok, try to prepare an Excel file and visualize the outputs on a monthly basis, while giving notices of but orders here once every few days will be sufficient, as all the data here is open and any modification is recorded, not like other services in which users can modify the data.
If your service is successful, you will receive many donations, and you can create a paid channel after several months if you gain sufficient confidence.
hero member
Activity: 1722
Merit: 801
September 26, 2023, 09:12:41 PM
#13
I'm a big fan of DCA, so I created my own strategy using Pine Script in TradingView. It combines dollar cost averaging, grid trading, and my own creativity.

In my backtesting results, my strategy has a ROI of 15-23% per year, not including compound interest. I'm currently testing it in a real account, and I'm sharing my trades on TikTok. My strategy currently works only with Bitcoin and in the hourly time frame. I'm still learning and improving the strategy, and I'm excited to see how it performs in the real market.
DCA (Dollar Cost Averaging) is a good strategy for long term investor but it seems you have something wrong in your mind. With long term investment strategy, you should not aim at 15-23% ROI annually. Because investment in long term means you have to accept loss temporarily and maybe you will get nothing with one year DCA.

If you are curious and unsure about DCA, you can use https://dcabtc.com/, enter some parameters like how you want to DCA, and check how DCA works with past months of Bitcoin price.

You can use Portfolio trackers and accounts on Coinmarketcap and Coingecko for Demo DCA.
https://coinmarketcap.com/portfolio-tracker/
https://www.coingecko.com/en/portfolio
legendary
Activity: 2534
Merit: 1397
September 26, 2023, 08:35:35 PM
#12
1 year ago btc was worth about 18k usd  and now it is above 26.
That's is about 50% up.

Whatever you did  you would have made a lot of money just by buying btc. It is easy to trade when the market makes 50%+ in a year.
(....)

The only challenge with buying the dip, it's usually so hard to know the bottom until it's too late.
Very well said.
That's why DCA is really effective especially if you are a busy person and don't have time to do some analysis to identify the bottom or let's say you are really not a technical guy to deep dive into some analysis, DCA is your friend. Just be consistent.
newbie
Activity: 25
Merit: 4
September 26, 2023, 07:45:14 PM
#11
You can't be sure with that ROI you're mentioning with those numbers. Because from what I am experiencing through DCA, you just can't measure how much the ROI, the losses, and the profit will be. It is literally unknown. And you can't just do DCA on fake accounts or demo accounts because we're talking about real money here, real crypto and without such, you can't buy those on any exchange.

I'm not a trader, so I was looking for a more passive approach to investing. I'm hoping that this strategy will be a good fit for me.
This is the better approach if you're not really a trader. Yes, it's passive and for sure if you have understood how it works, it's certainly a good fit for you.

My approach isn't strictly DCA since DCA involves making regular purchases at set intervals. Instead, my strategy involves making multiple purchases based on market volatility, coupled with a fixed take-profit target. In my case, after conducting a successful backtest, I have implemented this strategy in a live trading account. For instance, you can observe the performance in 2022, which was a bearish year.https://es.tradingview.com/chart/BTCUSDT/qtnVf3E5/
newbie
Activity: 25
Merit: 4
September 26, 2023, 07:24:19 PM
#10
1 year ago btc was worth about 18k usd  and now it is above 26.
That's is about 50% up...

And if we count it differently?
2 years ago, the price of Bitcoin was about 69 thousand dollars and it is more than 2 times more than today. Thus, the OP would have a loss of more than 50%. Accordingly, it is very important to take into account at which price levels the DCA strategy was used.

Here is the development of my strategy in the bear market 2022 btc and its profitabilityhttps://es.tradingview.com/chart/BTCUSDT/qtnVf3E5/
newbie
Activity: 25
Merit: 4
September 26, 2023, 07:05:33 PM
#9

How exactly do you plan to combine grid trading as well as dollar cost averaging and what forms your own creativity?
DCA is not a trading strategy although it looks like it in some way, it is more of an investment strategy and a long term one specifically for those who do not want to go through the burden of reading charts and trying to pick the best time to buy and to sell.


What I'm exploring is a combination of the DCA and Grid Trading approaches, but not in a conventional way. Instead of making purchases at regular intervals, I'm adapting my strategy based on market volatility. This allows me to seek profitability opportunities in both bullish and bearish markets. Essentially, I'm looking to capitalize on market fluctuations in a more dynamic and adaptable way, leveraging changing conditions to make more timely and flexible investment decisions.
For instance, in my backtest, during the bearish market conditions of 2022 for Bitcoin, my newly devised strategy proved to be profitable, achieving a remarkable 32% return on investment.https://es.tradingview.com/chart/BTCUSDT/qtnVf3E5/
sr. member
Activity: 1316
Merit: 356
September 26, 2023, 06:36:29 PM
#8
1 year ago btc was worth about 18k usd  and now it is above 26.
That's is about 50% up...

And if we count it differently?
2 years ago, the price of Bitcoin was about 69 thousand dollars and it is more than 2 times more than today. Thus, the OP would have a loss of more than 50%. Accordingly, it is very important to take into account at which price levels the DCA strategy was used.
In other words, employing the DCA technique continues to have risk. The timing of when you begin investing is very important, which is why we don't just jump into the market because we see that they're profitable with this technique. To maximize the success of your investment strategy, you must also understand how to analyze the market technically and fundamentally. Traders are adept at forecasting, thus the DCA technique will work.
legendary
Activity: 2268
Merit: 1655
To the Moon
September 26, 2023, 05:50:21 PM
#7
1 year ago btc was worth about 18k usd  and now it is above 26.
That's is about 50% up...

And if we count it differently?
2 years ago, the price of Bitcoin was about 69 thousand dollars and it is more than 2 times more than today. Thus, the OP would have a loss of more than 50%. Accordingly, it is very important to take into account at which price levels the DCA strategy was used.
copper member
Activity: 2198
Merit: 1837
🌀 Cosmic Casino
September 26, 2023, 05:05:55 PM
#6
1 year ago btc was worth about 18k usd  and now it is above 26.
That's is about 50% up.

Whatever you did  you would have made a lot of money just by buying btc. It is easy to trade when the market makes 50%+ in a year.
DCA is probably the easiest way of investing in an asset, but you are right

I used this DCA calculator (https://uphold.com/en-eu/get-started/dollar-cost-averaging-calculator) and If one was to buy $100 worth of Bitcoin daily, the Total purchased amount would be $33,500. Total value today would be $38,083.69 (1.4609493 BTC) ROI would be 13.68 %

If one was to buy $100 worth of Bitcoin weekly, the Total purchase amount would be $4,800. Total value today would be  $5,572.57 (0.2084079 BTC) ROI would be +16.1 %

The only challenge with buying the dip, it's usually so hard to know the bottom until it's too late.
hero member
Activity: 1428
Merit: 653
Leading Crypto Sports Betting & Casino Platform
September 26, 2023, 04:09:48 PM
#5

Hey everyone!

I'm a big fan of DCA, so I created my own strategy using Pine Script in TradingView. It combines dollar cost averaging, grid trading, and my own creativity.

In my backtesting results, my strategy has a ROI of 15-23% per year, not including compound interest. I'm currently testing it in a real account, and I'm sharing my trades on TikTok. My strategy currently works only with Bitcoin and in the hourly time frame. I'm still learning and improving the strategy, and I'm excited to see how it performs in the real market.

1 year ago btc was worth about 18k usd  and now it is above 26.
That's is about 50% up.

Whatever you did  you would have made a lot of money just by buying btc. It is easy to trade when the market makes 50%+ in a year.

Well most times beginners are always afraid of the market they felt it could go lower than that so they may decide to pull back to wait watch the market before going into with another strategy without knowing that was their best opportunities to buy by now he could had made something very pleasant of that relying on some strategies. At some point it was around 31k which we thought it could break out to 34k I think that was still this year if that op did could have made exactly 50 percentage by now.
legendary
Activity: 2352
Merit: 6089
bitcoindata.science
September 26, 2023, 04:01:36 PM
#4

Hey everyone!

I'm a big fan of DCA, so I created my own strategy using Pine Script in TradingView. It combines dollar cost averaging, grid trading, and my own creativity.

In my backtesting results, my strategy has a ROI of 15-23% per year, not including compound interest. I'm currently testing it in a real account, and I'm sharing my trades on TikTok. My strategy currently works only with Bitcoin and in the hourly time frame. I'm still learning and improving the strategy, and I'm excited to see how it performs in the real market.

1 year ago btc was worth about 18k usd  and now it is above 26.
That's is about 50% up.

Whatever you did  you would have made a lot of money just by buying btc. It is easy to trade when the market makes 50%+ in a year.
hero member
Activity: 3066
Merit: 629
20BET - Premium Casino & Sportsbook
September 26, 2023, 03:58:34 PM
#3
You can't be sure with that ROI you're mentioning with those numbers. Because from what I am experiencing through DCA, you just can't measure how much the ROI, the losses, and the profit will be. It is literally unknown. And you can't just do DCA on fake accounts or demo accounts because we're talking about real money here, real crypto and without such, you can't buy those on any exchange.

I'm not a trader, so I was looking for a more passive approach to investing. I'm hoping that this strategy will be a good fit for me.
This is the better approach if you're not really a trader. Yes, it's passive and for sure if you have understood how it works, it's certainly a good fit for you.
hero member
Activity: 644
Merit: 661
- Jay -
September 26, 2023, 03:51:18 PM
#2
I'm a big fan of DCA, so I created my own strategy using Pine Script in TradingView. It combines dollar cost averaging, grid trading, and my own creativity.
How exactly do you plan to combine grid trading as well as dollar cost averaging and what forms your own creativity?
DCA is not a trading strategy although it looks like it in some way, it is more of an investment strategy and a long term one specifically for those who do not want to go through the burden of reading charts and trying to pick the best time to buy and to sell.

I'm not a trader, so I was looking for a more passive approach to investing. I'm hoping that this strategy will be a good fit for me.
Simple DCA is a passive approach already, you do not need to complicate it and include grid trading.

- Jay -
newbie
Activity: 25
Merit: 4
September 26, 2023, 03:12:18 PM
#1

Hey everyone!

I'm a big fan of DCA, so I created my own strategy using Pine Script in TradingView. It combines dollar cost averaging, grid trading, and my own creativity.

In my backtesting results, my strategy has a ROI of 15-23% per year, not including compound interest. I'm currently testing it in a real account, and I'm sharing my trades on TikTok. My strategy currently works only with Bitcoin and in the hourly time frame. I'm still learning and improving the strategy, and I'm excited to see how it performs in the real market.

I'm not a trader, so I was looking for a more passive approach to investing. I'm hoping that this strategy will be a good fit for me. I'd love it if you'd check out my TikTok account (@cryptobeestrategies ) and give me some feedback. I'm still learning, and I appreciate any help I can get.

Thanks for reading!
Jump to: