Topic: Does the DCA strategy inspire newbies to invest? - page 2. (Read 1412 times)

Buying at one time with all money you have, is not easy for all investors. Because you will have to be very sure and confident that entry is good or even perfect for your purchase and chance to get profit in future.

It's not about your capital is small or big with that one-time purchase, it's about risk and possible profit you can get from that entry. With DCA strategy, no more importance of a perfect entry, because your entry price will be averaged with many entries at different time and prices. With this strategy, there will be no pressure to break your bank account and use all of its balance for a Bitcoin purchase. Less risk of entry with bad price, and less risk of empty hands for emergency after your Bitcoin purchase.

DCA is a good strategy method you can use to accumulate BTC during the bear run for you to be able to earn some reasonable profits from long term, and the strategy method is made for any investors to use to earn profit from their investment . If the newbie have the knowledge of DCA strategy method,  he or she can make use of the strategy method to accumulate BTC for long hodling before he or she can sell when the bull run occur in the market to earn profit that will give he or she another opportunity.

The outcome when you follow the DCA strategy method to accumulate BTC, it will allow you to wait for the right time to come before you can experience plenty of profits from your BTC investment, and you will like to be using the DCA strategy method whenever you have the money to buy BTC.

I was wondering why the OP is asking this question because if there was to be any strategy out there that should be inspiring to all types of investors and not just the newbies, it has to be the DCA strategy as it gives you an opportunity to buy without having to break your bank.

The one time buying will not be comfortable with many people as they mightn't be ready for that type of risk but DCA gives you control to invest the amount that you want and when you want to.

I don't want to go on adding some benefits of DCA but for those readying this if DCA hasn't inspired you yet then you don't understand what DCA is & how to do it in a way that it won't affect your current finance.

You can start with the least 10% of what you're ending weekly or monthly to invest in Bitcoin and best when you automate the process but remember keeping your Bitcoin in a self custody wallet and not leaving them on the exchanges.

Yes, there are quite a few long-term BTC investors who always use the DCA method and in my opinion that is a good step, but of course everyone has many ways to invest in BTC, there are ways to buy BTC only when there is a price drop or if I'm not mistaken, it's often called Average down, but of course there is also what is called the DCA system and the DCA system certainly doesn't look at the price of whether BTC is rising in price or not, but what is clear is that this DCA system buys BTC according to our ability, either once a week or once a month. but of course, in my opinion, you still have to have money that is ready to be lost that is worth using to buy BTC because of course, no matter what, investing in BTC will still contain risks.

Personally, in my opinion, it is good for beginners to use the DCA system if they want to invest for the long term because of course, according to my experience, the DCA system is still the safest and I like it because fundamentally we will not be disturbed because we only focus on collecting the amount of BTC and saving it for the long term. long. and that's my opinion, of course You will definitely get a satisfactory answer from our friends here.

and what is certain is that if we do DCA we will certainly have the potential to make big profits because the price of BTC always goes up from time to time.

For those that are looking for long term bitcoin accumulation process, DCA is the best strategy for them considering the fact that bitcoin investment have alot of learning process so as a newbie in bitcoin, one need a lot of knowledge of the market and the ecosystem around bitcoin, and since DCA give one the slow accumulation mechanism this will give newbies the time and opportunity to learn along the way as their invest a portion of their money and following the line up.


So for sure DCA is most appropriate for all both newbies and old bitcoin investors who lack the big cash flows to buy bitcoin in bulks and want to accumulate for long term.

When you saying buying Bitcoin when the price is high isn’t a wise choice and then, you come to say that, you don’t have to wait either; isn’t that a bit contradictory?
How do you not buy at a high price and still shouldn’t wait for price to dump?
You can’t eat your cake and still have it mate. Bitcoin have got the most guarantee it could get and that’s is in the fact that, though it might dump at some point, it’s sure to pump right back. That’s the guarantee and what makes you yo benefit from that is your plans towards your hodling. You’ve got to have a plan that extends through the various seasons Bitcoin does circle through.

I also think that it will be better to not start any kind of investment right now even if they are for long-term they can wait for the next bear-season.
Even then the DCA scheme was always good for the risk management but it has to be long-term I mean for this the investor need to be a bitcoin holder and it is not only just for one halving cycle maybe to reach his goal it will take some few halving cycles.
Even then few days ago I was thinking about to start again my DCA scheme but I take break after seeing the market position because it is better to  observe the market from investing right now if the market goes up then good and if it dump then it will be also good for make an investment on dip.

I agree with this. Starting your DCA journey when the price is so high isn't a wise move and someone should now wait for Bitcoin or the market to get back to the bear market and then they should start buying so that they can get higher returns. Buying now might generate some profits but there is no guarantee since the market can crash at any point.

Not only does the DCA strategy inspire new investments. This is a good strategy for all types of investors. Investing using DCA strategy can reduce the risk a lot and always invest according to one's ability. In this case those who are financially weak can also make some investments. DCA strategy is always able to give very good results. But if one wants to invest together, as there is a lot of risk involved, DCA also has a higher profit potential. So since crypto is very volatile it is always safe to invest according to DCA

If you are cool with waiting at the ball park for bitcoin to dip to your expected price during the bear season before you invest, that's good for you as a no coiner. Anyone that doesn't have any bitcoin shouldn't be waiting for the bear market before buying. If you have the money to buy and continue with your DCA, you should start right away. Don't see bitcoin as a get rich quick scheme or think about profits before investing, if not you will be short sighted to see the power law of bitcoin.

See bitcoin as your bank, where you save your extra funds in for long so that inflation will not eat up the value of you hard earned money in future while you are piling it up in the bank. Maybe, this will encourage you to start your DCA immediately, irrespective of the price of bitcoin. Profit is an additional advantage for investing and hodli for long.

I don't believe in blind investment. To start DCA now is late from where market and price has reached. If it was earlier then to continue now won't be a bad idea because of the profit already gathered. In the beginning of the year, btc was around $42,500 and it is now touched $100,000 which is about $57,500 profit on a coin and that is a good profit for those that started that time. So I believe to wait to begin a new DCA investment is better than to join now.

Except you are expecting the price of btc to get to $200,000 this season before the next bear.

The DCA strategy that is run gradually every week or every month for buying Bitcoin actually does not have to focus too much on price levels because such a strategy is only more suitable for investment and not trading which basically always looks at low prices and often wastes time waiting for price decreases to arrive. For investors who still want to invest in Bitcoin, it is actually never too late as long as they still have the capital to buy DCA within the time they plan themselves and of course it is regardless of the level of Bitcoin price differences in the market.

Not everyone plans their investments for such a long period as 10 years, and I do not agree that you can buy at any time and you can start buying now, because now the price is near its ATH, and in my opinion this is the most inappropriate time to start buying. It is better to start when the market enters a bearish phase, then you will have several years to buy.

There is no point in buying now at 100k and perhaps further at 120k and 140k when bitcoin continues to grow, if then the price goes on a long correction and can fall below 50k-70k. It seems to me that these are obvious things that everyone should understand

Definitely, you need to have funds for you to start DCAing. Without money, you cannot do that and all you can do is to watch the market grow from time to time without actual accumulation.

While this is also a good advise to buy on the bear market. You can be calm and wait for that to happen. But if you think that there will be a higher peak than what we've got for this month within the next coming months, you don't want to miss it.

That's why it is called DCA, regardless of the market situation, you'll continue to buy at any amount or schedule you have set.

For the DCA strategy to work successfully and for Bitcoin to achieve real success, DCA must be continued for a long time. For those who want to invest using DCA for long-term holding (at least 10 years), they should start investing now instead of waiting for the dip to start investing, because as a result you will always miss a good buying opportunity, and besides, if you invest with DCA, you do not have to worry about the price, because DCA will give you an average price in the long term, from which you can benefit more. You have to hold Bitcoin for a long time with faith, patience and long-term holding are the keys to the success of the DCA strategy, and as a result you can achieve real success in Bitcoin.

DCA is good for investment and you have to have funds to be able to carry it out and accumulate it without going to it when it has not increased. To invest using DCA, you have to buy at a low price so that when it starts to increase you will see your return, so it is late to invest now because of the high price of bitcoin. Wait for bear and accumulate for next bull run.

You can not know how long the market will be bullish or bearish and price can have many red months or many green months consecutively. You can not time the market so that you won't be able to find perfect bottom entry, hence there is a Dollar Cost Averaging strategy to help you. This strategy can help you to make your multiple entries with time with ease, and no need of bottom finding.

It eliminates risk that you will be hestitating too much, over nervous, panic or fearful, and miss your purchases and become an observe when Bitcoin bull run kicks off for a while. With DCA, the importance to succeed are believing in efficiency of this strategy, be discplined with your actions, and be well prepared with your investment capital so that you can purchase bitcoin with time.

The DCA system is perfect for getting into Bitcoin particularly those with regular
income and not so much of it disposable.

We all know anyone can get into Bitcoin with as little as $20. Build on that on a
regular basis to expand and HODL.

Its a perfect system for those who need it, and it can be done at whatever pace with
whatever varying amounts of FIAT is available

Well I feel the simple reason is that starting up an investment with this method doesn't cost you much as you get to do everything under your own convenience as it's way easy and like you said it's the most popular form of investing both for the veterans and also the newbie because of the end result of this method if the investor is consistent with his plans because at long of everything consistency is still the major count of everything because DCA without consistency is absolutely nothing as your plans would be scattered and shattered.

By looking at those people doing that it seems like they are not sure with their position.

Since buying at the dip is kinda waste of time especially that we don't know on when this one will come and it defeat the purpose for using DCA method since they are executing it in wrong way if this people think about doing that and what came up on their mind is they are doing DCA for that matters.

Its good to buy at the dip there's no question with that, but everything in Bitcoin is unpredictable that's why DCA has been introduce so people could do more better and be consistent on their accumulate whatever the figures currently showing up to them.