Topic: DCA, the most convenient way to increase your bitcoin as an investor. - page 4. (Read 1953 times)

You're absolutely right.
Bitcoin indeed should be considered for its long-term potentials rather than the short-term benefits and this strategy is without doubt a very great example of long-term, buy and HODL approach. When an investor HODLs on to his Bitcoin for an extended period and not being in a hurry or rush to sell off your bitcoin for profit, the investor rides out temporary market fluctuations, while also benefiting from the investment's potential long-term growth. Yeah the bitcoin market is infact one of the most volatile markets and the DCA method is also a very strategic way of reducing the Impact of the market's volatility, which makes it a very disciplined and also a prudent strategy.

Indeed, while a period of 4 to 10 years may actually be considered long-term and a good period for bitcoin to attain an incredible height, it is still uncertain what may become of it as it's impossible to accurately predict the future of the Bitcoin market. You're also very right about people having control over where they live driving some level of motivation in them to keep HODLing regardless the market condition.  Although the acquisition of residential properties just as you've rightly pointed out may not actually be the best or lucrative investment, but that feeling of ownership over one's living situation can indeed be a very powerful motivator. So even if there's a major fluctuation in the market and maybe the marker takes quite a negative trend, such an individual would not be compelled to liquidate part of their entire holding at once, which also allows them to ride out market volatility while still focused on achieving their long-term goals.

You are talking about trading and not investing.

Someone who is investing might be adding to his bitcoin stash for 4-10 years or longer before he even starts to think about selling any, and even if he starts to employ some selling strategy or stops DCA buying on a regular basis, he may well not sell very much of his BTC at any one time, unless there might be some specific reason for selling. There may also be some rationale that once the BTC stash is established or sufficient in size, then why sell large portions of it, and so in that regard, there may well be an idea of long term holding and just shaving some off from time to time, whether the shaving off is price-based or time-based.

We surely might not know what the market conditions of BTC will be in 4-10 years or longer by the time we might want to start to sell some of it, yet some people might have some specific things that they want to buy, such as residential property, and even if residential property might not be a superior place to put value, there tends to be some motivation that people have in regards to having ownership over their own place, which also might not necessarily result in needing to sell most or all of their BTC at any one time.

With this strategy, people will have less risk of being fearful and reduce their wrong actions in this volatile market. They can spend money, buy bitcoin but if they fearfully sale off their bitcoin in panic mood, their good entries will mean nothing for their investment portfolio.

DCA is good strategy for accumulation and for exit too because when they don't have to struggle with market prediction, they will be less affected by market volatility and can get better chance and price for taking profit. Most people only think DCA is good for entry and accumulation, but I believe it is helpful for exit, take profit too.

This is why I love the idea of this strategy and glad that this has been discuss since people could learn the most convenient way upon doing bitcoin investment since by doing this they would not care about the price of bitcoin since they can ride up the current situation happened in the market then could able to continue their accumulation without getting stress by its volatility.

Bitcoin is undeniably risky but thru the method used by people like this DCA strategy it eliminates those fear feelings and could focus on more something valuable to them. I try to look for other more strategy that can be used but DCA always comes more better for me and currently it gives me satisfying result.

I think this is one thing holding people back from investing. It's better to start investing with the little you have at hand and not waiting to have enough before you begin your investment. At first, it won't yield good results but if you are consistent it'll definitely become large as time progress and your desire will be achieved. I grabbed the message you're trying to pass thou but not everyone has that opportunity of having instant money to buy bitcoin of your desire and waiting to have enough money might take forever. However, I will not advise anyone to deny themselve the rightful enjoyment and invest all the little they have. Advisably, certain things should be minimize if they are not adding value to our lives and focus on investment as it safeguard our future.

DCA strategy in investing and DCA strategy in short-term trading are different.

It's better to make a good profit and then cut your losses from that profit. It's easy in your way of thinking.

 For example:

1) Too risky: 1/4 of the profit

2) More safety: 0.25-0.5/4 of the profit

The standard stop-loss in the DCA trade, in our experience, should be at the resistance below the high timeframe resistance levels. Most of the time a tight stop-loss will be hit and the price will pull back.

I also think DCA strategy is a great way to start investing for future. It is easy to understand and has worked well for many people. By investing fixed amount of money regularly we can build strong portfolio no matter what market does. I also like how DCA makes investing easier especially for those who new to it. It removes fear of trying to timemarket or invest a lot of money at once. With DCA you can focus on buying assets at your own pace making investing feel more achievable and less scary. This strategy can help people see Bitcoin and other investments as more affordable other than being intimidated by high prices.

We all know that it is always most important to use DCA when it comes to Bitcoin investment. Especially when you invest in Bitcoin, if you use the BCA method, you will face very little loss, moreover, you will not have to face much loss even when the market is often volatile. However, those who adopt DCA method never face loss by investing bitcoins, rather they can collect a good fraction of bitcoins in future and get high amount of profit from it. It is definitely okay for the most important beginners to use DCA as they always face market volatility which makes them emotional, which is why they need to use this method. Using the DCA method If Bitcoin is invested then of course it will not be risky, DCA is the convenient pattern of investment, so everyone should adopt one.

The strategy is easy to understood and applicable to anybody who want to start their long term investment journey that's why lots of people recommend this since so far it show great  results for people who use this strategy. By using DCA they can really build their portfolio as long as they are consistent to follow their plans. And I like the idea on how it introduce to people since is newbie friendly strategy and the only thing they need to add up more knowledge that needed to learn so those negative events will not affect their decision making. Also by using DCA people may really think that Bitcoin is acquirable since they won't think about those expensive figures since what take their attention is they can accumulate at what volume they can afford to buy.

Everything is plan; if you plan and rule out the goal that you will achieve after sticking to such a plan, then definitely you will want to make the most of that opportunity to make money and stop any other unnecessary expenses that will stop you from achieving such things. Bitcoin investment is all about planning, because if you have a plan on how to invest even after the outing and other things you stopped, you can still be having fun sometimes and continue investing.

 Furthermore, you have to invest what you can afford to lose, so you won’t be thinking since you stop everything you are doing before you will be investing all the money that is supposed to be saved or other things will be used for that. Investing what you can afford to lose is what you should be looking for. 

I completely agree that DCA strategy makes it easy for anyone to invest in bitcoin no matter how much money they make. This help people invest little bit at a time so they don't feel like they need a lot of money to start. By investing fixed amount regularly people can slowly build up their bitcoin savings and can increase portfolio. This is great way to start investing in cryptocurrency. DCA strategy makes bitcoin available to everyone so people can not say it is too expensive. It is simple and fair way for anyone to invest in bitcoin, which can help people participate in the financial market and maybe even make a lot of money in the future.

DCA Strategy of investing bitcoin is just an opportunity for everyone to afford bitcoin according to their income to accumulate bitcoin to yield good profit in the future. The main essence of this strategy is to make investing possible for every class instead of giving excuses to say bitcoin is too expensive which can deprive people of not having any bitcoin.

Those who don't have idea about DCA method are left behind thinking how they can save up good amount of money to buy bitcoin because all what they think about is that bitcoin is expensive to afford. The DCA method is an easy access for those who really want bitcoin to add to their portfolio from time to time.

Using the pattern of DCA in making a bitcoin investment is a crucial step that needed to be taken, most especially, the newbies, DCA will not only increase our investment earnings, but also helps along towards reducing the risk for lose when they market dips, lastly, we can see it as on open invitation or avenue in which accommodate for every investors willing to start from small and grow their portfolio with time, this pattern is more conveniently done when we have a low budget and are willing to start from somewhere in making an investment in bitcoin.

I think that the money spent on beer alone is not enough to achieve good results in investing, but it can be the first step that will motivate you to increase your income in the future in order to direct it to further investments. You don’t need to strive to limit yourself, it’s better to strive for the growth of our income, for which we can buy bitcoin, or other assets that will generate income. DCA is a good strategy, and although I’m not a strong supporter of it, I often see how those who use it talk about good results.

Yes that is right that investing in bitcoin means being disciplined and making sacrifices. To invest in bitcoin many of us need to cut back on unnecessary spending and use that money to buy bitcoin. And you mentioned that you are one of them. Like you said you used to spend money on beer and going out but then you stopped and used that money to buy bitcoin instead. And grow your portfolio this shows that investing small amounts of money over time can add up to a lot. It is proof that investing for long term and making sacrifices can help people achieve their financial goals. With prioritizing bitcoin investments people can potentially secure their financial future and benefit from bitcoin growth.

To add to that, the amount that should be invested is also an amount, not just after all the necessary expenses and budgets have been made, but an amount that if the price of bitcoin drops below what they bought it, the investors won't have anything to worry about, an amount that the person can leave without for a long period of time without even having a second choice of touching it. 
 
On the other hand, me I have also advised people to consider bitcoin investments as a way to treat their primary needs and wants because what they are doing is saving for the future, and nothing comes too easy without a little sacrifice.

I was reading a blog today and found something that really disappointed me for a while, there was a fact even close to me is a fact that how fast the fiat currency is losing its worth, He gave an example that in the 1960s 100 RS was the monthly basic needs expense of a family, which increased to 1k RS by the end of 1980s and then by 10k RS in 2000s and which is now 100k these days and will continue to increase by this example he said if you are making an investment today and expecting a 10x return in vicennial (hehe I've found this word from google to present a timeline of 20 years if there nay better option let me know) this indicates you are gaining nothing but your actual investment.

That's not just a rough idea, I've heard from my old teachers and grandparents how money lost its value over time and that is quite similar to what was explained in the blog.

I wont compare it with the 5 cycles growth of the Bitcoin investment as I know its way much higher but those who stake their fiat funds for the annual yield are actually at a loss. I would to hear what others think about it, like is it worth investing and waiting for such returns over such a long period of time.

I also cut down on my expenses too but not the weekend outing and relaxation because that is very important to me as a way of relieving the stress of the week and preparing for the next week ahead. I don't have to stop living my life and taking care if the body as well as my mental health because I want to have large chunk of Bitcoin, so I set my target of the quantity of Bitcoin I want to achieve in a certain time to suit my finances as well as my simple lifestyle. Many people build wealth by denying themselves certain things they need and often end up using the money to treat themselves. I have seen few of such people who never got the chance to enjoy the welath they built during their active service. This is not right in my opinion because I have the mindset that one should live now while working heard to secure the future and I see investment in Bitcoin and any other thing as a way of securing the future but we must not ignore the need to live life now so that we will be string physically and mentally to enjoy the future. I'm not advocating for extravagant lifestyle, but just a simple lifestyle that balances the body system and make every moment of one's life count.

I just feel happy we have the DCA method that allow one to plan his investment properly without pressures. So one can conveniently invest in Bitcoin without much burden on the finances, just a case of allocating a portion of the monthly income and that solves it.... set and forget which is long time HODL.

Exactly, if an investor is determined to invest in bitcoin, he will trim down his expenses and stay off from irrelevant expenses and use that money to buy bitcoin. I am using myself as an example, I remembered when I have not known bitcoin, I use funds to drink a bottle of beer every day and on weekends I spend money on outing and sometime gambling.

After I started my bitcoin journey here in the forum, I saw it that I am late to bitcoin so I decided to just keep buying and I was able to be consistent with it because at some point, I stop drinking beer and don't go outing during weekends but channel those funds in buying bitcoin because I don't have that much as my discretionary income and you will be surprised at how much those little amount has accumulated to.

If buying bitcoin at the time when it’s near the ATH is the time you got the opportunity to start your investment in bitcoin, it’s okay to start by that time and not hesitate because the price is close to the ATH. Your plan for the investment should just be at least for 5-10 years in order to be profitable in the investment, if it’s for the short time, you may not get a lot of profits at the end of the day. That’s why it is advisable to start accumulating early with your few cents, at least before getting close to the ATH, you would have gathered a lot and when you have more money at that time, you’ll just lump sum again.