Topic: DCA, the most convenient way to increase your bitcoin as an investor. - page 5. (Read 1953 times)

Of course we need to focus on Financial solvency before investing and if you sell your investment when you start investing you will not be able to prolong the investment or get success from your investment. So confirm the source of income before investing and even then invest. If we have a source of income during the investment then we can increase the amount of money in the investment as per our need be it long term investment or short term investment.

All of us who invest using the DCA strategy buy small amounts of Bitcoin and plan to hold them for a long time. In this method we set a specific period according to our plan which may be a few years or more. We need financial stability in order for us to hold our investment for this long and continue to do so. Which will help us to prolong the investment and continue investing seamlessly.

By exposing ourselves on good investment it made us realize that there is something more better that need to prioritize and it made us wonder on what other things need to eliminate so that we can maximize those good investments that we do. On some cases there are people try to eliminate their spending on other unnecessary things like what have been mentioned cigarettes, I include beer here and other money wasting materials so that they can maximize their investment potential since some realize that its not worth  to waste money and save up to put it on investment.

And its good that we are been exposed on bitcoin since somehow we minimize buying those things and what we are maximizing is to continuously adding up some funds to buy bitcoin or other useful things that we can benefit in crypto space. We can do all of this if we are dedicated for change especially for our bad lifestyle and try to aim for big change and spend on right investment with bitcoin.

There are many reasons to give up things that people sometimes spend money on without noticing and decide that these are unnecessary expenses and instead buy bitcoins. There have been many discussions where a person quit smoking, and instead of a pack of cigarettes, he regularly bought a few bitcoins. In the same way, in their expenses, everyone has things that they could do without. I am writing all this because in the answers above it is often said that for regular investments they need money, either from an additional source of income or those funds on which their well-being will not depend. I analyzed my life and was surprised at what I could do without bringing myself a drop of stress and disappointment from the fact that I was depriving myself of something. Also, if you calculate the amount spent on nonsense, it turns out to be quite a large amount spent daily, without even noticing. However, all this requires good motivation and control, as well as confidence in your strategy and strict implementation.

You are right dear smart investors should make their finances strong to invest in bitcoin for long time. This helps them have good balance steady money and support their family even when market changes. Investing in bitcoin needs patience and discipline. It is better to hold your assets for long time instead of trying to make quick money. Investors can handle inflation and market changes by using smart strategy and keep some cash separate. This fund helps them benefit from bitcoin growth in long run.

I think they are scared about the idea about buying at top since they are afraid to meet a dip after they successfully bought their share. But they must know that they are not for short term, buying at ATH or DIP doesn't change anything since this is temporary value only. There's huge chance for bitcoin value to rise up and those balances they gather from what they think top would provably generate a profit. So consistency is important whether we are in bullish or bearish since since our total accumulated bitcoin will be calculated then if gather huge volume then we also get huge profits with this.

Traders usually got scared on the idea about buying at the top, we should eliminate this trading thoughts and focus on our long term goals so there  would be no scare off on our investment and we can do well the DCA method for  long term investment.

Yes this method is applicable even at the ATH of bitcoin. It doesn't matter the prevailing market condition at the time of purchase. Because you are definitely going to meet the both market conditions that characterizes bitcoin investment. The idea of DCA is mostly for long term holders, who have lots patience, so we are not worried about the number of years we are going to wait.


Many people prefer this method to battle procastination because if we keep holding the money and waiting for the bear market to come, which we don't know when it will happen, and what level of dip are we expecting. DCA is suitable to avoid the possibility of missing out on bitcoin investment, because while waiting for the bear market, an emergency could come up and you are likely to channel the money there to solve the emergency first.

Part of the problem is trying to figure out both tops and bottoms, so there can be a lot of failure/refusal to accumulate bitcoin that come from that because sometimes the BTC price will continue to go up, even if some folks start to wrongly presume that a top is forming, and they might not even be close to being in a position to even really know.. .so safer to just keep accumulating, and yeah, maybe in some sense it is easier to accumulate while the BTC price is going down and staying flat for a decently long period rather than accumulating while the BTC price is going up, yet with BTC each has its perils since there are many times that the BTC price might go up, but then it does not come back down to previous prices that were available prior to it going up.

Your point about refraining from leveraging is also a good one.  Historically in bitcoin, there has been no way that you could lose as long as you were erroring in the side of mostly ongoing buying and/or accumulating as long as you stayed into bitcoin for several years, even after about 3 years, almost everyone would be in profits even if starting out buying at the top, but yeah, there have also been ways that winning strategies of accumulating bitcoin through buying end up becoming losing strategies, and one of the ways is by using leverage and another way is buy employing selling in order to try to buy back cheaper.


The first whole cycle and perhaps even two cycles could be a bit grueling in bitcoin, especially since many time within traditional investing, people need to spend 30-40 years accumulating capital before really getting to a place where they might have enough to really start to feel that they are building a decently good-sized nest egg (or investment portfolio), and even with traditional investment, there can end up being so much denigration of value that people might feel that they are never getting anywhere in terms of building wealth.

In bitcoin, thoughts can be similar in terms of accumulating wealth and getting feelings of making progress, and also there are not guarantees, even though historically even guys who had been ONLY investing relatively modest amounts of money had ended up getting into quite strong financial positions after a cycle or two of ongoing BTC accumulation. 

Even though the upwards BTC price slope might not be as steep as previously, there still seems to be quite a lot of ongoing evidence to support a strong investment thesis for bitcoin including someone starting right now to invest consistently, persistently and ongoingly with whatever amount of discretionary income that can be spared to put into bitcoin, and sure these days, I tend to recommend at least putting $100 per week into bitcoin, yet it is understandable that there are some folks who cannot afford that much and so they have to work within their own means, which might ONLY be something like $10 per week, so they do what they can in terms of ongoing persistent and consistent BTC accumulation and then reassess their situation at various points along the way in terms of measuring how their BTC accumulation is going in terms of building their wealth.. and yeah, they get that through ongoing BTC accumulation through buying techniques not by fucking around with selling or trading and/or trying to figure out if the BTC price is up, down or sideways.. 

Just buy at whatever price for the first cycle or longer and then maybe some time down the road after purely accumulating bitcoin through buying, they might start to get into a better position to allow their stack size to inform them if they might adjust their strategy in one way or another.   They have more options once they might have had reached a status of sufficient and/or overaccumulation of BTC, but it can take a relatively poor person more than 10 years to reach such a point or maybe even if the traditional investor takes 30-40 years to get to a point of overaccumulation, a bitcoin investor might be lucky and able to cut such timeline in half to 15-20 years.  But, yeah, of course people are going to vary in terms of the amounts that they are able to put into the investment over the years and how much they are able to put in will partly effect how long it takes to get to a position of sufficient accumulation or even over accumulation, and it is quite doubtful that anyone is going to get to a position of sufficient or overaccumulation by fucking around with selling techniques, especially in their earliest stages of accumulating bitcoin.


Of course, if a person spends years and years investing, his investment portfolio might grow to such amounts that it becomes tempting to sell, and so a lot of folks get lured into either stopping their BTC accumulation or selling too much too soon... so that is a bit of a danger to get lured too much into the value of the holdings, so some measures likely do need to be taken for the person to not to be lured into either stopping BTC accumulation or into selling too much too soon.

There is not any easy correct way, and each person has to find a way to balance their temptation to either stop accumulating or their temptation to cash out.. and it becomes even more difficult with an asset like bitcoin that has been so historically volatile and there is no reason to expect it to discontinue with its volatility into the future.  One of the most guaranteed things about bitcoin is its volatility, without really knowing the short term direction, yet having some presumptions that in the longer timelines of 4-10 years or longer the trajectory should hopefully be upward, and there are no guarantees with the upward trajectory, either - so each person (or even government or institution) holding BTC has to figure out their own tolerance for volatility and adjust their position size according to their tolerance and their other individual financial and psychological factors.

The term invest money we can afford to lose has not been on the trend anymore and investors do not see it as financial advice. The reason is that the money invested gradually piles up to become money, we don't want to lose so when we see a price downturn in an asset, we invested in many tend to be afraid of losing the money.

Every investor that invests in Bitcoin wants to profit at the end of the day. Whether they are in for the short term or long term, whether they invested their disposable income or money meant for certain purposes into it. At the end of the day, they expect a return, losing in the investment is never an option for them.

That thoughts is temporary only since for sure they could figure out what is right and wrong approach towards how they deal with bitcoin. Since for sure they realize that they are just wasting their time waiting for that cycle and lots of opportunity missed due to constant waiting.

Many people read the advise but for sure they would follow what they think is right but if they fail and test that their known method is not working for sure they would shift their attention to other things which they think useful to try. That's why sometimes its good for people to learn a lesson in hard way since they won't realize that what they follow is wrong until they fall down from those wrong actions and decisions made.

It is your good advise but the fact is people mainly do their "Predictions on Bitcoin price, ATH in their first bull market". It's really hard to eliminate this wrong thinking and approach in a first market cycle. People can read this advice many times but very few of them actually absorb it and apply it for their investment. Having this advise available for reading is good, because after reading it and experience a full cycle but unfortunately (as expected too) miss Bitcoin ATH, people will recognize their bad approach and improve in next market cycles.

If they don't do worse things like leverage their positions and consider making loans for investment is a healthy and safe approach, their initial capital will not be lost and they surely will have second opportunity in this market.

I would think that your first full cycle in BTC, you should not be trying to guess whether the BTC price is high or low, since you might spend too much time waiting for BTC prices that might not come, and merely crossing into ATH does not cause an ability to be able to assess a top or that the BTC price will correct.

But, hey you are free to do what you want, if you believe waiting is a strategy that is better than just buying regularly for a number of years prior to attempting to make those kinds of assessments.

The only way to prepare for the BTC price to go up is to have some BTC, and if you don't have any BTC then you are not prepared for up.  Investing in bitcoin does not seems to be something in which you should only prepare for down, which might not happen... but yeah, people can figure out these matters for themselves and what might be in their best interest when considering getting one of the best, if not the best, investments currently in front of us, namely bitcoin.


There have been a lot of folks who underinvested into bitcoin because they ONLY relied upon their income from signature campaigns, when there surely may be a lot of value to figure out ways to earn more money or to cut expenses in order to buy bitcoin.


Just think of all those guys over the years earning $10 to $30 per week in a signature campaign when they could have been buying bitcoin with $200 or more per week... and it surely seems that these days, more money is going to be needed to put into bitcoin to get to fuck you status as compared to previous years.

I recall that between 2014 and 2019-ish I would tell folks to just get started with investing $10 per week or whatever you could afford and to try to put between 1% to 10% of your investment portfolio into bitcoin, and staring in 2020, I stared to suggest that guys start with the investment of $100 per week into bitcoin if they could and to shoot for putting between 5% and 25% of their investment portfolio into bitcoin.  My how times have changed.

And those who participate in the Signature Campaign with payment in BTC can thus accumulate Bitcoins in their wallet and this will be one of the ways of DCA in which you increase your balance in BTC weekly.

What about buying bitcoins when the price is near ATH? Can this be considered the best solution, because when the bear market comes, the price of bitcoin may well be lower than the current value and then you can buy more bitcoin. In the long term, this will most likely also look like a profitable deal, because in the subsequent bull markets the price will be even higher, but for this you will need to wait long enough, if you are ready for this, you can buy at any time.

An investor should strengthen his financial position as much as possible in order to continue accumulating bitcoins so that he can keep holdings in the portfolio for the long term. Uninterrupted and long-term investment which simultaneously manages the overall maintenance of his family simultaneously and fairly. Keeping the balance between the DCA method and a guaranteed income while simultaneously allowing Bitcoin's growth to positively influence and stay involved in every step of investment success. Bitcoin does not believe in speculative investment only and it is a reliable investment that you need to acquire through long-term holding and recommend long-term accumulation without being attracted to initial profits. Increase the amount of floating cash and hold excess real assets to keep your investments free from the effects of ambient inflation. With Bitcoin's price swings, you should aim to continue investing for the long term and expect a decent holding.

I completely agree. To invest in Bitcoin we must have good financial situation. Only invest money that we can afford to lose not that money we need for important things. It is also important to have extra money which should be separate to help your investment grow and stay safe. If we do not have steady income it is best to wait until our finances system improve. Investing is not just about starting but also about keeping our money safe and making it last. Protecting our investment is good to avoid losing money and staying positive about Bitcoin.

To be clear, to invest in Bitcoin you need to have a source of income and invest money from the source of income that you don't need, that you don't feel the loss of losing money. Never invest money you need, money you are not prepared to lose. Even I think, one should have the ability to keep a fund along with the investment. Funds that will help prolong your investment and protect your investment from losses.

If you do not have such adequate source of income then you should refrain from investing and wait for adequate source of income or alternative source of income. Starting investment is not a difficult task, but we should focus more on protecting and prolonging the investment. The highest priority in our planning should be how we protect the invested money from losses. Whichever method you choose to invest, you need to know strategies to make your investment last longer. Otherwise you may suffer losses and develop a negative perception of Bitcoin, which we do not expect at all.

I think with DCA, it comes with spending spare money on part of the investor regardless if it's a big or small amount of extra money. But the bigger amount you purchase with bitcoin, the better. It will definitely increase faster the bitcoin amount in your portfolio. The most important here is you never fail to do it regularly. As much as you receive regularly your salary from your job, then set a goal also by reserving an amount that you could use to buy bitcoin at a regular basis.

There's nothing actually bad when you suggest DCA strategy to people , infact it's the best advice you can suggest  especially  to newbies but it won't be a good one when you start emphasising or relating it too investing  small amount of bitcoins only  on regular  intervals... The idea is generally to increase your portfolio so it doesn't matter either its small or large , it just gives you the flexibility  so It doesn't necessarily have to be a small amount, think of it as an amount you can afford  to invest on regular intervals after taking consideration of important stuffs (emergency funds and likes).
Apart from this everything seem right about it.

Investors who wait for market dump to buy can be classified into two types.

The first type: They will actually buy in market dumps, buy dips and they're experienced investors who will not be fearful and panic during market dumps.
The second type: They will turn to be fearful and panic and refuse to buy in dips. They're inexperienced investors and they will need more time to familiar with them, understand this market and get rid of fear and panic. Or they will need to use another strategy that won't rely on their emotion.

DCA is a strategy for a second typed investor as this strategy requires them to assign investment capital and buying on regular time basis.

Experienced investors can combine regular DCA and dump-waiting to buy dips but to succeed, they need to have two capital parts for two tasks: regular DCA and dip purchase.

Yes it is true that there are many investors among us who wait to buy bitcoins at low prices i.e. they wait for the market to dump. These investors may not have to wait for Bitcoin price to dump if they use DCA strategy in their investment. The DCA strategy will always give you an opportunity to buy bitcoins if you have enough budget and you develop a habit of buying bitcoins regularly. Even if you have enough funds, you should invest regularly, even if it is a small amount, without waiting for market dumping.

But yes When the price of Bitcoin falls, it creates an opportunity for us to buy more Bitcoin at a lower price. One of the benefits of the dip season for someone who invests regularly using DCA is that they get a chance to accumulate extra bitcoins by spending that amount of money.