Does the DCA strategy inspire newbies to invest? - page 4.

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Quote from: Mate2237 on November 26, 2024, 01:28:57 PM

DCA method is always good when the price of bitcoin is on the bear market. And when you are investing, it is good for you to invest long term. DCA method can be daily as some of the commenters have said and also it is good for weekly and monthly all depends on the salary allowance or the business income you are receiving. And always budget out the amount for the investment. If you are using exchange to purchase them you can set the DCA and it is the day, the system will automatically deduct the amount.

But if you are not receiving extra income, don't invest in Bitcoin because it is tempting to touch the amount you have invested in bitcoin. But if you are doing something to received income then your invest is secure.

I have also researched about DCA method, it is the best investment method to invest consistently, for those who are employed, any part of their monthly salary they invest bitcoins through DCA method. As a result, they can make better profits, as through DCA, they can ignore market fluctuations and invest, thereby increasing their portfolio to a greater extent. So I will also advise everyone to invest through DCA. I believe this is the best way to invest.

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DCA method is always good when the price of bitcoin is on the bear market. And when you are investing, it is good for you to invest long term. DCA method can be daily as some of the commenters have said and also it is good for weekly and monthly all depends on the salary allowance or the business income you are receiving. And always budget out the amount for the investment. If you are using exchange to purchase them you can set the DCA and it is the day, the system will automatically deduct the amount.

But if you are not receiving extra income, don't invest in Bitcoin because it is tempting to touch the amount you have invested in bitcoin. But if you are doing something to received income then your invest is secure.

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I would say yes, most particularly for those who have doubts and fears when it comes to taking risk in a volatile market investment. With DCA, it lessen timing risk since not everyone is aware on when is the best timing to make an entry in the market. And the risk of losing or quitting as well will also be minimized, but instead will develop more consistency to DCA more in order to gain huge profits in the future.

However, before doing DCA, it’s still best to research and know the investment well. DCA may be a big help for your investment, but it will never guarantee its investment’s success. The key factor still relies to the investor itself.

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Quote from: Ricardo11 on November 26, 2024, 04:59:51 AM

DCA Strategy is the best Bitcoin investment strategy of all time, for those who are new to Bitcoin investment, DCA strategy will undoubtedly be a right investment decision.

DCA strategy is good for investment in any good asset because with good asset, it grows in adoption and rises in value and price. So by DCA, you increase your capital investment in that good asset with time, and despite of market ups and downs, bull and bear markets, you will gain net profit with time.

Oppositely, if you invest in a bad asset, DCA is not good, and DCA more means you stuck more with that bad asset and at the end, you have loss or big loss. However, it's fortunately that it is not responsible of DCA strategy, it's yours by picking a bad and low quality, zero value asset for your investment.

Quote from: ultrloa on November 26, 2024, 05:28:41 AM

They are just over expecting to much on that strategy and I guess that actually doesn't inspire newbies since for sure they would never know that strategy exist at early part of their participation on bitcoin investment.

They have to do due diligent research before starting or continue their researching for improve their knowledge. By searching I believe that they will be given DCA as one of best methods for their investment but whether they believe in the advice, it's another story.

DCA is traditionally buying regulary and don't care about price, but experienced people who have enough capital for accumulation, can apply Smart DCA strategy which is not for newbies.

DCA vs Smart DCA, what do you choose?

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Quote from: knowngunman on November 25, 2024, 03:47:04 AM

Quote from: ? on November 19, 2024, 10:25:29 AM

I find investors using the DCA strategy invest for the long term.
Special Considerations Should Beginners Follow the DCA Method for Bitcoin Investments? What Can Be the Outcome -Future

Nobody can guarantee or tell you about how the future might be but DCA method has been the most prominent strategy to accumulate bitcoin for long term HODLing.

It's not for beginners alone, it's a strategy for people who do not have enough money to buy a reasonable portion of Bitcoin at once. It allows one to invest with as little as you have on your prefer timely basis to grow your portfolio until you look satisfied.

There's no specific time to start DCAing. The only disadvantage is that you have a little portion the more the price grows. Nevertheless, your portfolio increases and your profits increase overtime as well but it's more profitable when take advantage of bear market.

They are just over expecting to much on that strategy and I guess that actually doesn't inspire newbies since for sure they would never know that strategy exist at early part of their participation on bitcoin investment. Provably they can learn about it if they experience many things since for sure after for many situation you encounter those newbies will find a good method that sustainable for them especially if they want to engage with long term investment.

DCA is really a good strategy no question with this one and for sure lots of people will pick it up since so far many proves that this one never fails them. What actually matter the most here is the understanding of people on how to execute it properly also they have long patience and have good source of funds then everything will be alright with those investor who commit with this method.

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Quote from: AYOBA on November 25, 2024, 11:39:57 AM

Quote from: ? on November 19, 2024, 10:25:29 AM

I find investors using the DCA strategy invest for the long term.
Special Considerations Should Beginners Follow the DCA Method for Bitcoin Investments? What Can Be the Outcome -Future

The DCA strategy is the best method to use when it come to make an Long time investment, especially beginners that just introduce themselves into the Bitcoins investment and they don’t know where to start from it will save and very easy for them if they use the DCA strategy it will even one their lose. Because there’s also risks involved in the Bitcoin investment.

I have see have see severals of people’s who use the DCA strategy method in Bitcoin investment; and their futures outcomes come unsurprising, because they received huge profits that even then too they was not expecting that their outcome can definitely come in that way.

DCA Strategy is the best Bitcoin investment strategy of all time, for those who are new to Bitcoin investment, DCA strategy will undoubtedly be a right investment decision.
Everyone should have a long-term holding perspective, because long-term holding is the only key to Bitcoin success.
If we compare Bitcoin's price 2 years ago with its current price, then we will see its success. And if we think about the price 10 years ago, we will see its real success.
So everyone should make long-term decisions, long-term success can bring an investor more profit than his expectations.

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Quote from: AYOBA on November 25, 2024, 11:39:57 AM

Quote from: ? on November 19, 2024, 10:25:29 AM

~Snip

The DCA strategy is the best method to use when it come to make an Long time investment, especially beginners that just introduce themselves into the Bitcoins investment and they don’t know where to start from it will save and very easy for them if they use the DCA strategy it will even one their lose. Because there’s also risks involved in the Bitcoin investment.

I have see have see severals of people’s who use the DCA strategy method in Bitcoin investment; and their futures outcomes come unsurprising, because they received huge profits that even then too they was not expecting that their outcome can definitely come in that way.

If you want to build a long-term portfolio, then DCA is the right strategy for you to consider instead of buying all at once. Coin prices always fluctuate and this will give them the opportunity to buy at a different price, even lower than the first purchase price. The lower you buy, the more coins you will get. But DCA is not always necessary, sometimes you have to buy all at once when the market conditions are majorly corrected.

Even though DCA is good as an investment strategy, you can still combine it with other strategies. It all depends on market conditions, but also needs to be adjusted to the budget you have. If you only have $50, then buying a lump sum is fine instead of DCA.

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Quote from: ? on November 19, 2024, 10:25:29 AM

I find investors using the DCA strategy invest for the long term.
Special Considerations Should Beginners Follow the DCA Method for Bitcoin Investments? What Can Be the Outcome -Future

The DCA strategy is the best method to use when it come to make an Long time investment, especially beginners that just introduce themselves into the Bitcoins investment and they don’t know where to start from it will save and very easy for them if they use the DCA strategy it will even one their lose. Because there’s also risks involved in the Bitcoin investment.

I have see have see severals of people’s who use the DCA strategy method in Bitcoin investment; and their futures outcomes come unsurprising, because they received huge profits that even then too they was not expecting that their outcome can definitely come in that way.

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Quote from: ? on November 19, 2024, 10:25:29 AM

I find investors using the DCA strategy invest for the long term.
Special Considerations Should Beginners Follow the DCA Method for Bitcoin Investments? What Can Be the Outcome -Future

Nobody can guarantee or tell you about how the future might be but DCA method has been the most prominent strategy to accumulate bitcoin for long term HODLing.

It's not for beginners alone, it's a strategy for people who do not have enough money to buy a reasonable portion of Bitcoin at once. It allows one to invest with as little as you have on your prefer timely basis to grow your portfolio until you look satisfied.

There's no specific time to start DCAing. The only disadvantage is that you have a little portion the more the price grows. Nevertheless, your portfolio increases and your profits increase overtime as well but it's more profitable when take advantage of bear market.

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Quote from: ? on November 19, 2024, 10:25:29 AM

I find investors using the DCA strategy invest for the long term.
Special Considerations Should Beginners Follow the DCA Method for Bitcoin Investments? What Can Be the Outcome -Future

The DCA strategy is not only good for the newbies but for all, both old and new investors. It is sen the more convenient and easy way of investment. Although there are other strategy apart from the DCA which are lump sump and buying the dip but preferably people chose DCA because you can be investing little by little every week or month till you have met your target of accumulation.

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Quote from: MANGO_PEOPLE on November 24, 2024, 01:26:50 PM

DCA method is the most popular among the strategies for investing in crypto but it isn't perfect in a bull season. The most perfect outcome you will get if you do DCA in Bear market and hold it tightly. Then you may see a good result in a bull season.
I will not suggest a new user to do DCA in a bull market because they will survive if the market goes down and start a bear season.
So try to invest in kept to currency in bear market and do DCA. Otherwise you can be a short term trader in a bull market. And always do your own analysis before investing in any cryptocurrency.

DCA method can be done regardless of the situation either in bullrun or bear market. I think you mean it's better to use DCA method during bear market to maximize the total amount of crypto that will be accumulated from time to time. If you are looking for a chance to earn profit then you should do short term investment. The aim of DCA is to accumulate crypto from time to time which means you don't have to have a lot of capital to buy huge an of crypto and that's when you should use DCA strat.

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Quote from: MANGO_PEOPLE on November 24, 2024, 01:26:50 PM

Quote from: ? on November 19, 2024, 10:25:29 AM

I find investors using the DCA strategy invest for the long term.
Special Considerations Should Beginners Follow the DCA Method for Bitcoin Investments? What Can Be the Outcome -Future

DCA method is the most popular among the strategies for investing in crypto but it isn't perfect in a bull season. The most perfect outcome you will get if you do DCA in Bear market and hold it tightly. Then you may see a good result in a bull season.
I will not suggest a new user to do DCA in a bull market because they will survive if the market goes down and start a bear season.
So try to invest in kept to currency in bear market and do DCA. Otherwise you can be a short term trader in a bull market. And always do your own analysis before investing in any cryptocurrency.

You are missing a point about the DCA method and that is the fact that you are dwelling on short term investment. The DCA method is ideal for all market conditions, be it bear or bull and if the investment is stretched over a long period of time like 4 to 10 years, then a balance spread will be achieved between the coins collected in bull run and those collected in bear season. In other words, you would have used the bear season to consolidate on the entire buying process as well as those coins you bought at high prices. The moment you change your mindset from short term investment to long term investment, you will begin to appreciate the DCA method.

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Quote from: ? on November 19, 2024, 10:25:29 AM

I find investors using the DCA strategy invest for the long term.
Special Considerations Should Beginners Follow the DCA Method for Bitcoin Investments? What Can Be the Outcome -Future

DCA method is the most popular among the strategies for investing in crypto but it isn't perfect in a bull season. The most perfect outcome you will get if you do DCA in Bear market and hold it tightly. Then you may see a good result in a bull season.
I will not suggest a new user to do DCA in a bull market because they will survive if the market goes down and start a bear season.
So try to invest in kept to currency in bear market and do DCA. Otherwise you can be a short term trader in a bull market. And always do your own analysis before investing in any cryptocurrency.

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Quote from: Bd officer on November 21, 2024, 07:40:54 AM

DCA method is effective method for everyone not just for beginners. The best way to invest in Bitcoin is the DCA method. Investing in the DCA method allows you to buy average value bitcoins. Especially for those who cannot afford to invest large amounts in Bitcoin, it is best to invest in the DCA method. If those who do not have enough money invest in the DCA method, it will be seen that the investment amount will be very large at some point. If new investors can gradually invest long term in DCA method, then they can become successful investors. There are many investors who have accumulated huge amounts of Bitcoin by investing in the DCA method from scratch.

I am not going to argue whether DCA is the best investment strategy or not. I put DCA at the top of my list of investment strategies. For me, DCA is the best strategy, but I doubt that the same applies to everyone. DCA may be the best strategy for the majority, but some people will argue the opposite and I think they have the right to do so.

The biggest advantage of DCA is that you do not have to have a large amount of wealth to enter the investment or to grow your portfolio. You do not even need to be an expert to start investing in DCA. You do not have to worry about the volatility of Bitcoin at all. Most strategies require you to have knowledge of the Bitcoin market, but DCA does not require that knowledge.

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Quote from: Awaklara on November 24, 2024, 01:04:04 AM

Quote from: Perfectbaby on November 24, 2024, 12:55:47 AM

The DCA methods aren't meant for a specifics groups of people or persons but for every one who most must follow the gradually accumulation processes, and of course you will buy when the market is on the reversed like dumping or during the bear run. During bear run those who are not sure of the market usually buy when the price is going extremely low on a regular basis and they wouldn't want to buy in larger quantities after which the market still dump on them. The future outcome is, when the bear run is over and the market turns back to bull run your profit will be double above what you have invested before.

that period of market trend changes that can be used by investors to do DCA. because the market trend will be quite stable with only a few movements, not making big pumps or deep declines.
DCA will help beginners in investing, it proves that investment does not necessarily have to have a certain amount of money that might make investors with limited funds or tend to be small a little hesitant to enter.
DCA is intended for those who invest long-term. so for those who are not ready to hold the long term, it is better to study it first.

Yes that is it, though for addition I will also like to add that those who are doing DCA for short time may not make sufficient profit as they may not have that patient to see the profits merging and could be tempted to easily push out their holdings or immediately what they planned is achieved they don't mind selling it to secure their profits so easily and quickly, but even as that they can also used that method to keep topping their balance while awaiting their desired period of time to pull out their investment.

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Quote from: Perfectbaby on November 24, 2024, 12:55:47 AM

The DCA methods aren't meant for a specifics groups of people or persons but for every one who most must follow the gradually accumulation processes, and of course you will buy when the market is on the reversed like dumping or during the bear run. During bear run those who are not sure of the market usually buy when the price is going extremely low on a regular basis and they wouldn't want to buy in larger quantities after which the market still dump on them. The future outcome is, when the bear run is over and the market turns back to bull run your profit will be double above what you have invested before.

that period of market trend changes that can be used by investors to do DCA. because the market trend will be quite stable with only a few movements, not making big pumps or deep declines.
DCA will help beginners in investing, it proves that investment does not necessarily have to have a certain amount of money that might make investors with limited funds or tend to be small a little hesitant to enter.
DCA is intended for those who invest long-term. so for those who are not ready to hold the long term, it is better to study it first.

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Quote from: ? on November 19, 2024, 10:25:29 AM

I find investors using the DCA strategy invest for the long term.
Special Considerations Should Beginners Follow the DCA Method for Bitcoin Investments? What Can Be the Outcome -Future

The DCA methods aren't meant for a specifics groups of people or persons but for every one who most must follow the gradually accumulation processes, and of course you will buy when the market is on the reversed like dumping or during the bear run. During bear run those who are not sure of the market usually buy when the price is going extremely low on a regular basis and they wouldn't want to buy in larger quantities after which the market still dump on them. The future outcome is, when the bear run is over and the market turns back to bull run your profit will be double above what you have invested before.

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Quote from: ? on November 19, 2024, 10:25:29 AM

I find investors using the DCA strategy invest for the long term.
Special Considerations Should Beginners Follow the DCA Method for Bitcoin Investments?

Yes, why not? the old timers are even doing this so what is the reason for one newbie not to follow it? If a newbie can afford to drop a bomb of a lump sum, why not? Anything convenient for a Bitcoin investor is fine as long as you know what you are doing and you don't need the money you're using to buy it. Another mistake that many newbies make is when they buy Bitcoin with money that they are about to use within a week or two. It's not for the short term and that's what they need to understand as well.

Quote from: ? on November 19, 2024, 10:25:29 AM

What Can Be the Outcome -Future

Based on everybody's experience, it's profitable. Profitable the same as those who are day traders but you are only going to hold it without having to worry. So, that's based from past experience from someone like me who have been holding for so long and even telling my friends that Bitcoin is much better for long term unless you got a good entry this year and already in profit with the current setting that we have.

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Quote from: ? on November 19, 2024, 10:25:29 AM

I find investors using the DCA strategy invest for the long term.

Yep. There are many investors using DCA strategy. However, not every single investor using this strategy can end up with good profits. You don't think this is a perfect strategy, it also depends on your mentality. Even if you used DCA, it will be nothing if you can't be patient to hold a long term. By the way, I personally assume that DCA is safe to use in bearish season.

Quote from: ? on November 19, 2024, 10:25:29 AM

Special Considerations Should Beginners Follow the DCA Method for Bitcoin Investments?

It is not a must to use the same strategy in Bitcoin investment. You can use another strategy that fit for you.
However, I suggest you use small money only if you are still beginners. You can use bigger money once you understand well Bitcoin investment. At least, you know well the Bitcoin price history (its cycle). Understanding this, you won't choose the wrong time for entry.

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Quote from: ? on November 19, 2024, 10:25:29 AM

I find investors using the DCA strategy invest for the long term.
Special Considerations Should Beginners Follow the DCA Method for Bitcoin Investments? What Can Be the Outcome -Future

The outcome will be very amazing for them because at the end of the day they will be surprised to see the quantity of bitcoin that they were able to accumulate and how they will be able to get a good profit in the future. But as it is a beginner in bitcoin, they will have to be patient enough to do that even though the strategy is simple to adopt, but in the case of beginners, they always find it hard to understand the concept, and they will end up failing. A beginner will always have that urge to invest, which, if not careful, he is likely to rush the process, and through that he might accumulate a lot, but there is no possibility that he will be able to hold for a long time, which will end up as a failure.

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