DCA: the power of little beginning | Bitcointalksearch.org

Tungbulu

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Quote from: Churchillvv on May 17, 2024, 01:16:43 PM

Quote from: Ben Barubal on May 14, 2024, 08:26:48 PM

This DCA is the main tool for us to accumulate bitcoin and other top cryptos in the market. And these methods are used by all investors, whether they are rich, poor, or middle-class investors, as they are called. In shot, Dca is a proven and tested tool for holders, right?

Until now, many investors or holders are using it, and I am included, and the number of communities that will use this DCA will increase in the coming
days or time.

Dollar Cost Averaging is not the main tool for bitcoin accumulations if you say it's the main tool then you're getting it wrong, it's just one of the methods which is used frequently to buy bitcoin for a long term purpose.
Perhaps bitcoin is the only cryptocurrency that the dollar cost averaging has been proven to be the best method to acquire with because other cryptocurrencies are not as expensive as bitcoin only Ethereum is second to bitcoin in price hence acquire other cryptocurrencies might not need to be DCAed as it's cheap one can buy them at any given time.

The reason why people can't apply the DCA strategy in other tokens asides Bitcoin is because Bitcoin has built some level of trust in the hearts of investors and that being noted, makes a lot of investors consider it for its long-term potentials and profit.

Investors are without doubt that Bitcoin will be around for quite a longer period, which isn't a property that shitcoins share with Bitcoin. Shitcoins can disappear any time and anyday, along with investors' funds and this possibility has made investors develop that doubt in them, and even those who go into it, are only there for the short-term gains, and since they're not there for the long-term and DCA as we know is a long-term approach, no one would consider applying the technique when investing in altcoins.

NewRanger

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Quote from: coolcoinz on May 17, 2024, 02:25:08 PM

I did some DCA because I'm getting a few bucks every week from my signature campaign and I've been doing it for years, but I still wouldn't recommend that to all. There are situations where DCA is good and there are some where it's not.

When you're a small earner, like many of us here. You get a few extra dollars every month. Why not put that into bitcoin? On the other hand it's dumb for a millionaire to do the same. For him the best option is a lump sum purchase and I've seen articles where people show that lump sum, if you can afford it, is better than DCA.

I agree with the method of purchasing at once where it is quite simple and also easy with a note of enough funds and no need to bother in installments, it's just that back to the point of your first paragraph if you get more income as you mentioned above and that is quite helpful.

The obstacle now, currently there are still many people who do not have more income to be allocated regularly to be able to buy BTC even though it is only 30 dollars per month and still have to find other income to be able to cover the lack of monthly costs either for themselves or those who are married of course.

Casdinyard

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The amount of people underestimating increments is just baffling to me, just because you can't see immediate gains doesn't mean you're not gaining anything at all!

DCA is an even more powerful increment system as it not only ensures you always have a stake at a cryptocurrency of your choosing, it also gives you access to one of the most profitable ventures out there which is crypto investing, so the money that you initially invested yesterday's got a massive chance of becoming an even bigger amount of money tomorrow. So yeah, DCA-ing in crypto's just one of the smartest things you can do for yourself and for your money.

A dollar goes a long way, and if in any case I would highly suggest you do the 30-day system too! You put in a dollar on your first day of investing, 2 dollars on the next day, 3 dollars on the third day, and so on and so forth until you reach either 30 bucks or 31 dollars, by then, reset and rinse and repeat. This should allow you to put in a comfortable amount of money, and even better, it hastens your DCA investment process cause compared to having put a certain amount of money once every month or week or so, you do this shit everyday.

wiss19

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Quote from: Ale88 on May 16, 2024, 07:56:13 PM

Quote from: Moreno233 on March 04, 2024, 05:40:16 PM

Little did I know that buying little by little would have made me achieve even bigger results than I was targeting through trading.

I totally understand you because I did the same mistake. But I don't regret it, I think making mistakes is all part of the process and it makes a more experienced investor. Of course they are two totally different routes, one is way more exciting than the other, but it's also way more stressful when things start going south, I still remember sometimes I woke up in the middle of the night to check some open trades... On the other hand DCA is so quite and simple that is boring, but you have no worries, just keep buying and that's it.

I think that to regret is only fine because we are only just a human but we must only try better next time, so that we won't regret again. When you say two different routes, you must be referring to investing and trading. I think that there is also an excitement factor in investing because we still don't know the flow of the coins and this is also stressful at the same time.

There is also a stress when we experience a permanent loss. It's also up to the person and their experience. Investing is not only limited to buying but we also need to do a research first, so that we can increase our chances of earning a profit after a long time of hodling them.

coolcoinz

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I did some DCA because I'm getting a few bucks every week from my signature campaign and I've been doing it for years, but I still wouldn't recommend that to all. There are situations where DCA is good and there are some where it's not.

When you're a small earner, like many of us here. You get a few extra dollars every month. Why not put that into bitcoin? On the other hand it's dumb for a millionaire to do the same. For him the best option is a lump sum purchase and I've seen articles where people show that lump sum, if you can afford it, is better than DCA.

Churchillvv

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Quote from: Ben Barubal on May 14, 2024, 08:26:48 PM

This DCA is the main tool for us to accumulate bitcoin and other top cryptos in the market. And these methods are used by all investors, whether they are rich, poor, or middle-class investors, as they are called. In shot, Dca is a proven and tested tool for holders, right?

Until now, many investors or holders are using it, and I am included, and the number of communities that will use this DCA will increase in the coming
days or time.

Dollar Cost Averaging is not the main tool for bitcoin accumulations if you say it's the main tool then you're getting it wrong, it's just one of the methods which is used frequently to buy bitcoin for a long term purpose.
Perhaps bitcoin is the only cryptocurrency that the dollar cost averaging has been proven to be the best method to acquire with because other cryptocurrencies are not as expensive as bitcoin only Ethereum is second to bitcoin in price hence acquire other cryptocurrencies might not need to be DCAed as it's cheap one can buy them at any given time.

One of the major reasons why dollar cost averaging has made it way to prominence over all other method which includes lump sum, but the dip etc is the fact that it allows investors/buyers to purchase at any circumstances, it reduces the stress of waiting till you have up to the current price of bitcoin before you can buy. At some point it helps as a discount especially when the price is low.

For now their is no other method or purchasing strategy that is above DCA hence it remains the best in the main time.

laijsica

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Quote from: Russlenat on May 16, 2024, 09:01:42 AM

Quote from: Emmanuelex on May 14, 2024, 08:29:48 PM

It's always best to start, no matter how little you have. If you keep waiting for the time you would have a lot of money before you start investing, you're just going to end up missing a lot of good opportunities.

So, it's best to just start now and keep building up, before you know it, you would hit whatever target you have set

Each small amount of money will always be relevant to bitcoin, so if you don’t want to miss out opportunities, don’t procrastinate but invest now so you can reap massive profits in the future. Does not matter if you don’t have sufficient funds on hand, what’s more important is that you take an action now and start investing even with a small amount of capital. Little did we know this small amount of capital will gradually grow and turn millions in the future, just trust the process.

Of course it is best to invest in BTC initially in small amounts. And in this case DCA method is the best because in this method you can start from any amount and you can get desired profit by managing it for long time. It is recommended to increase the DCA amount over time to see your investment funds grow as much as possible.

Ale88

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Quote from: Moreno233 on March 04, 2024, 05:40:16 PM

Little did I know that buying little by little would have made me achieve even bigger results than I was targeting through trading.

I totally understand you because I did the same mistake. But I don't regret it, I think making mistakes is all part of the process and it makes a more experienced investor. Of course they are two totally different routes, one is way more exciting than the other, but it's also way more stressful when things start going south, I still remember sometimes I woke up in the middle of the night to check some open trades... On the other hand DCA is so quite and simple that is boring, but you have no worries, just keep buying and that's it.

Ben Barubal

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Quote from: Russlenat on May 16, 2024, 09:01:42 AM

Quote from: Emmanuelex on May 14, 2024, 08:29:48 PM

It's always best to start, no matter how little you have. If you keep waiting for the time you would have a lot of money before you start investing, you're just going to end up missing a lot of good opportunities.

So, it's best to just start now and keep building up, before you know it, you would hit whatever target you have set

Each small amount of money will always be relevant to bitcoin, so if you don’t want to miss out opportunities, don’t procrastinate but invest now so you can reap massive profits in the future. Does not matter if you don’t have sufficient funds on hand, what’s more important is that you take an action now and start investing even with a small amount of capital. Little did we know this small amount of capital will gradually grow and turn millions in the future, just trust the process.

That's what all crypto/bitcoin enthusiasts believe: with a small amount, there is a huge chance that the value will increase in the future, and many people have proven that in Bitcoin and even in other cryptocurrencies that are in the top listing of the market.

Maybe it's just a small amount right now and it doesn't seem to have any value, but we'll be surprised one day; the value will be high. We didn't expect the price to increase like that, so what you said is right: we will also harvest on the right day and time. .

Lantind

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Quote from: Freddie Boyer on May 16, 2024, 03:51:40 AM

Quote from: Emmanuelex on May 14, 2024, 08:29:48 PM

It's always best to start, no matter how little you have. If you keep waiting for the time you would have a lot of money before you start investing, you're just going to end up missing a lot of good opportunities.

So, it's best to just start now and keep building up, before you know it, you would hit whatever target you have set

Smart answer and that's what it means if you think about it without starting it's the same as the price getting lower and the opportunity to get the desired price passed. Very often many people come and buy when the price of BTC is rising very high even though previously there was a discount when the correction came, it was not utilized and it was dominant like that and for reasons of being busy. which definitely hasn't been bought yet if we ask.

If we think too much about the investment we are going to make then we will never be able to start investing because we cannot know for sure whether the investment we are going to carry out will work well or not if we haven't tried it and after we try it we will be able to know where our shortcomings are and we will be able to fix them and of course this will be very useful when we try to re-run the investment we are going to carry out.

When someone buys Bitcoin when it experiences an increase, of course they don't understand well about investing in Bitcoin and they don't do this based on the knowledge they have. Of course this will be very detrimental to them. If they understand well about investing in Bitcoin, of course they will. can know the right time to buy it or buy using the DCA method and they can do it consistently so they can achieve the targets they invest in.

Russlenat

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Quote from: Emmanuelex on May 14, 2024, 08:29:48 PM

It's always best to start, no matter how little you have. If you keep waiting for the time you would have a lot of money before you start investing, you're just going to end up missing a lot of good opportunities.

So, it's best to just start now and keep building up, before you know it, you would hit whatever target you have set

Each small amount of money will always be relevant to bitcoin, so if you don’t want to miss out opportunities, don’t procrastinate but invest now so you can reap massive profits in the future. Does not matter if you don’t have sufficient funds on hand, what’s more important is that you take an action now and start investing even with a small amount of capital. Little did we know this small amount of capital will gradually grow and turn millions in the future, just trust the process.

Freddie Boyer

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Quote from: Emmanuelex on May 14, 2024, 08:29:48 PM

It's always best to start, no matter how little you have. If you keep waiting for the time you would have a lot of money before you start investing, you're just going to end up missing a lot of good opportunities.

So, it's best to just start now and keep building up, before you know it, you would hit whatever target you have set

Smart answer and that's what it means if you think about it without starting it's the same as the price getting lower and the opportunity to get the desired price passed. Very often many people come and buy when the price of BTC is rising very high even though previously there was a discount when the correction came, it was not utilized and it was dominant like that and for reasons of being busy. which definitely hasn't been bought yet if we ask.

NewRanger

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Quote from: Emmanuelex on May 14, 2024, 08:29:48 PM

It's always best to start, no matter how little you have. If you keep waiting for the time you would have a lot of money before you start investing, you're just going to end up missing a lot of good opportunities.

So, it's best to just start now and keep building up, before you know it, you would hit whatever target you have set

Yess. Everything seems small at first when we start and I agree that all have a first step and the first step when you want to invest in BTC is to start buying it even with just a few dollars e.g. $50 at least or below the value with cold money without being disturbed by other urgent needs.

It takes hard work and will pay in time and BTC is not an empty box that has no value and meaning in the future. In the future, maybe the global economic atmosphere will not be okay and we can prepare preparations from the beginning even though we are a little late compared to those who have known this earlier.

Emmanuelex

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It's always best to start, no matter how little you have. If you keep waiting for the time you would have a lot of money before you start investing, you're just going to end up missing a lot of good opportunities.

So, it's best to just start now and keep building up, before you know it, you would hit whatever target you have set

Ben Barubal

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This DCA is the main tool for us to accumulate bitcoin and other top cryptos in the market. And these methods are used by all investors, whether they are rich, poor, or middle-class investors, as they are called. In shot, Dca is a proven and tested tool for holders, right?

Until now, many investors or holders are using it, and I am included, and the number of communities that will use this DCA will increase in the coming
days or time.

Vinaa77

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Quote from: arjunmujay on April 06, 2024, 01:23:06 AM

Quote from: coolcoinz on April 02, 2024, 12:49:12 PM

Just so you know, DCA is actually inferior to lump sum buying because you're minimizing the potential loss (temporary) at the cost of potential profit. If you DCA over the course of a month, buying 4 times instead of once on the first of each month, if the price goes up within that month you will not only make less money in fiat terms, but also end up owning less bitcoin because it will become more expensive.

DCA is only for people who can't afford lump sum buying, it's not a method of maximizing your gains, or the amount of bitcoin you can hold. It's good for a bear market, but not so much when the market is stable or goes up.

You are right in saying that, if you can buy at a cheap price in that month, you will certainly be able to get more bitcoins. but again this DCA is reserved for those who no longer think about market movements. from a psychological point of view, you also don't want to feel greedy by continuing to have less when buying bitcoins. if you want to buy, just buy at that price, the problem of profit is what the latter says is important that the accumulation target is achieved.

If we really have the opportunity to collect Bitcoins when prices are decreasing, of course we will be able to get more Bitcoins with less capital. Yes, those who use this method will of course only focus on collecting a number of Bitcoins according to their abilities and will choose to survive for a long period of time and they have set investment targets so that they do not have to think about the profits they will get in the near term.

Rizzi33

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Dollar Cost Averaging (DCA) truly proves that consistent efforts lead to significant results. It's inspiring to see your journey and success with Bitcoin investment.

Fiasem20

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Exactly, little drops of water make a mighty ocean,this statement reflects in the crypto space.Many investors have failed to accumulate bitcoin using the DCA strategy.The DCA strategy has proven historically as one of the best investment strategy to accumulate bitcoin.DCA strategy helps investors to accumulate bitcoin with a fixed amount periodically (Daily, weekly, monthly) regardless the price.The DCA strategy is not only used by investors in the crypto space but it's also used by investors outside the crypto market for investors to purchase/accumulate stocks, asset etc.Since investment refers to long term it's best investors/bitcoiners adopt the DCAing strategy, instead of investing huge amount of money then at the end of the day your expectations wasn't accomplished it's best we adopt the DCAing strategy into the crypto space to reduce losses due to price volatility.As an investor it's best you invest on what you can afford to loss.

arjunmujay

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Quote from: coolcoinz on April 02, 2024, 12:49:12 PM

Just so you know, DCA is actually inferior to lump sum buying because you're minimizing the potential loss (temporary) at the cost of potential profit. If you DCA over the course of a month, buying 4 times instead of once on the first of each month, if the price goes up within that month you will not only make less money in fiat terms, but also end up owning less bitcoin because it will become more expensive.

DCA is only for people who can't afford lump sum buying, it's not a method of maximizing your gains, or the amount of bitcoin you can hold. It's good for a bear market, but not so much when the market is stable or goes up.

You are right in saying that, if you can buy at a cheap price in that month, you will certainly be able to get more bitcoins. but again this DCA is reserved for those who no longer think about market movements. from a psychological point of view, you also don't want to feel greedy by continuing to have less when buying bitcoins. if you want to buy, just buy at that price, the problem of profit is what the latter says is important that the accumulation target is achieved.

Bd officer

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Quote from: 2Pizza410000BTC on April 05, 2024, 05:42:50 PM

DCA method is the best way to invest. If a person cannot afford to invest at once then he can increase his investment by investing in DCA method. There are many users here who don't have money to invest at once, they can invest because they don't have enough money. If all these people invest monthly or weekly using DCA method, they can all invest and get success. No matter what you want in life if you know about bitcoin I would say invest in bitcoin if you can't afford it use the method if necessary and continue your investment until you get the maximum success hope everyone gets a lot of success.

Investing in Bitcoin with the DCA method is good for everyone. But not only for those who have very little money, but also for those who have a lot of money to invest in Bitcoin, investing in DCA method is better. But those who have less capacity, if they can continue to invest in DCA method for long term then their investment amount will be much bigger at some point. So even if you have very little means you invest in DCA method, at some point you will feel like you are an investor too.

Topic: DCA: the power of little beginning (Read 1454 times)