Does the DCA strategy inspire newbies to invest? - page 5.

Taskford

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Quote from: Peanutswar on November 22, 2024, 06:00:20 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 is ideal to those goals is to have long term profit and you don't need to watch the market, some people thinks that if you make an investment you need to watch the market every time which is wrong this makes you more stress and anxious with the market price value instead you make an investment on what current price and then wait for the ATH and convert your asset into a stable coin so you can make a reinvestment. Note to understand the market trend so this makes more effective.

This is the misconception of other since I think they are still got hook with trading schemes, that's why they always do those unnecessary things towards doing the DCA method and some of them fail its because this method became not effective to them because they don't know how to execute it well.

But if they just follow all the instruction and learn more about DCA and how to execute it for sure they would never commit any mistakes and just do DCA without getting any issues.

DCA is simple strategy that a newbie could understand easily and they just need to enhance their knowledge make it work according to their long term plan with their bitcoins.

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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

Strangely enough, I saw your OP topic in this section; it seemed that it had not been there before. However, the question of DCA is raised in many sections, and the attitude towards the DCA strategy has already been discussed many times. The question seems obvious. If there is free money and a person understands the value of Bitcoin and knows how to properly manage his wallet, that is, carefully and accurately saves the seed phrase, DCA will be the best method for investing. There are dozens of topics, and you are reading one of the most popular on the topic of DCA. I think creating another one looks like publishing something that has long been clear to everyone and does not require clarification.

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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 is ideal to those goals is to have long term profit and you don't need to watch the market, some people thinks that if you make an investment you need to watch the market every time which is wrong this makes you more stress and anxious with the market price value instead you make an investment on what current price and then wait for the ATH and convert your asset into a stable coin so you can make a reinvestment. Note to understand the market trend so this makes more effective.

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Quote from: Obari on November 21, 2024, 03:38:37 AM

On the other hand, I think the DCA method will be more favourable to the smaller investors when the market is bullish because if a small investor decides to DCA when the market is red, there are obvious possibilities that, it might get liquidated depending on how much has been imputed already.

How? you only get liquidated when you sell but you aren't selling when you're DCA. You keep hodling as you DCA until you get to your goal. You don't DCA and be selling too, that doesn't make any sense.

You're supposed to DCA with an amount that isn't above your risk tolerance. A big mistake most newbies make is that they DCA with an amount that they can't tolerant losing.

And when they see their investments losing value it becomes a cause for alarm for them because they haven't experienced something like that before and thought their investments is only going to be rising and not having some correction.

Telling newbies to DCA is the best decision that you can give to them and they can do it at all times but to get better results, they should do it during the red more than the green.

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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

Bitcoin investment is usually more profitable when you hold for a long time so regardless of the strategy you adopt long term holding will give more profit thats why investors invest for the long term and since DCA is the most adopted strategy it now looks as if DCA adopters hold for long term.
DCA is the best strategy especially for newbies because it allows you to invest at anytime regardless of the price while reducing the impact of volatility which means you don’t have to worry about the current price and market movement. As newbie DCA is actually the most suitable strategy for them. The outcome will depend on how the coin moves, positive movement means all is well.

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Quote from: Truthlovecoins on November 22, 2024, 11:00:20 AM

Quote from: Questat on November 21, 2024, 10:39:26 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

It’s not surprising why a lot of investors, newbies or professionals, chose to trust DCA because it’s the safest strategy regardless if the market is bearish or bullish. The reality that you are here to invest for long term, means that you won’t be tempted to sell when the price is making a correction but will stick to your target selling price.

However, if you want to maximize your future profits, I suggest you start DCA while the price is low and the market is bloody. Otherwise, if you enter the market in time of bullish season, it would be more risky to invest knowing the chances to see the price drop again after buying is very high. That’s the reason why patience is a must most especially if you are investing in a highly volatile coin like bitcoin.

Is it not possible that this DCA strategy can be done with other coins besides Bitcoin?
I had to understand why they talk about DCA strategy so much and if one can only use Bitcoin or it is because it is more effective as it should be.
I also think that newbies need to understand the technical part of this strategy firstly, of which includes how to buy the BTC and how to store it safely while ensuring there's no fall to scams or open to hacks along the way.

This is a strategy specifically for Bitcoin and it is a potentially easy strategy. Bitcoin is a valuable and volatile asset that has gained confidence among investors in a very short period of time and is a very surefire way to make high profits./ (Assumptions).

Other shitcoins are relatively volatile assets, but the implementation of the DCA method can be somewhat difficult to manage properly and if most shitcoins are dumped, their price recovery may be uncertain.

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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

Yes ofcours, in fact, DCA is the best strategy for beginners to use since beginners are more prone to make mistakes, DCA allows them to have a stable portfolio.
The main advantage of DCA is that over long term we get a good avearge price and profits turn out to be good.
So the outcome in future is usually good with DCA whether it be for beginners or anyone else.

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Quote from: Questat on November 21, 2024, 10:39:26 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

It’s not surprising why a lot of investors, newbies or professionals, chose to trust DCA because it’s the safest strategy regardless if the market is bearish or bullish. The reality that you are here to invest for long term, means that you won’t be tempted to sell when the price is making a correction but will stick to your target selling price.

However, if you want to maximize your future profits, I suggest you start DCA while the price is low and the market is bloody. Otherwise, if you enter the market in time of bullish season, it would be more risky to invest knowing the chances to see the price drop again after buying is very high. That’s the reason why patience is a must most especially if you are investing in a highly volatile coin like bitcoin.

Is it not possible that this DCA strategy can be done with other coins besides Bitcoin?
I had to understand why they talk about DCA strategy so much and if one can only use Bitcoin or it is because it is more effective as it should be.
I also think that newbies need to understand the technical part of this strategy firstly, of which includes how to buy the BTC and how to store it safely while ensuring there's no fall to scams or open to hacks along the way.

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Quote from: Tmoonz on November 21, 2024, 07:24:21 AM

Quote from: yudi09 on November 20, 2024, 07:01:14 AM

Not necessarily, but good for beginners and many investors still apply the DCA method in running their investments.
The DCA method is easy to apply according to what I do and I still haven't forgotten this method in investing because it is very affordable according to the amount of capital we have.
But investing using the DCA method is less appropriate if done when market prices like today are trending up.

-snip-

Your narratives can possibly make a newbie to be scared of buying Bitcoin now which is very wrong.

The definition of DCA is that purchases are made without regard to price. I said that purchases made in the middle of the current price are not bad but not right if they refer to the concept of buying cheap and selling high.
If my narrative is like that which you bold, at first glance it can make beginners feel that there is something strange about the definition of DCA, but they can think about what good steps to take at a market like now.
Buying Bitcoin is always a good thing to do and there is no need to be afraid.

Questat

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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

It’s not surprising why a lot of investors, newbies or professionals, chose to trust DCA because it’s the safest strategy regardless if the market is bearish or bullish. The reality that you are here to invest for long term, means that you won’t be tempted to sell when the price is making a correction but will stick to your target selling price.

However, if you want to maximize your future profits, I suggest you start DCA while the price is low and the market is bloody. Otherwise, if you enter the market in time of bullish season, it would be more risky to invest knowing the chances to see the price drop again after buying is very high. That’s the reason why patience is a must most especially if you are investing in a highly volatile coin like bitcoin.

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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.

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DCA is a method towards Bitcoin investment.

I don’t think it should be the source of inspiration here. How do one gets inspired by the method to invest in something else. Perhaps the method shows the ease of doing it, actually letting you know it’s doable but, isn’t what really inspires. What inspires should be Bitcoin itself and how it’s doing. You get to figure out the best means to do it for you but, Bitcoin and what it means to you is what inspires Bitcoin investments.

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Quote from: yudi09 on November 20, 2024, 07:01:14 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

Not necessarily, but good for beginners and many investors still apply the DCA method in running their investments.
The DCA method is easy to apply according to what I do and I still haven't forgotten this method in investing because it is very affordable according to the amount of capital we have.
But investing using the DCA method is less appropriate if done when market prices like today are trending up.

I completely disagree with your statement on that bolded part and of course such statements doesn't portray the idealogy and fundamental concepts of the DCA strategy, I want you to have it in mind that when DCA strategy is mentioned it is apparently implying making purchase of Bitcoin without any form considering the market conditions, purchases are irrespective of the price points whether in bearish or bullish season, my point is that making use of the DCA in investing is made most appropriate even where the market price is today, because your intention is to buy and hold for a long time, the dca strategy allows investors to make investment decisions without considering the market conditions but rather invest when the money is readily available for investment either weekly or monthly according to your income flow.

Your narratives can possibly make a newbie to be scared of buying Bitcoin now which is very wrong.

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Quote from: Taskford on November 21, 2024, 04:37:27 AM

But unfortunately not every newbies out there have access to information about what good strategy to use for their investment since lots of them became a lost soul and been misguided toward picking good investment since some of them goes with shitcoin.

Newbies can be informed about good investment strategies but most of them will ignore advice and try to explore many things by themselves. Unfortunately, most of newbies will try to engage with altcoins, and they don't start with Bitcoin. Or they can start with Bitcoin and shortly after that, they convert all bitcoins to altcoins. Experience bring lessons, profit temporarily, loss, and they have to crawl with pains from altcoins before they can run with Bitcoin.

Quote

If they could just do more research for sure that they would go on valuable discussion like this and could learn what best strategy to use for their investment link this DCA method. Now its really up to them on how they could practice their selves to prolong their patience since emotions towards dealing on every negative situation is important here

Psychology of market cycles and Bitcoin Fear and Greed Index can help newbies.

Taskford

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Quote from: Franctoshi on November 20, 2024, 05:54:43 PM

Quote from: _act_ on November 19, 2024, 10:54:16 AM

DCA is a good strategy but it is good when the price of bitcoin is low already. Example is when bitcoin fall below $16000 in 2022 that El Salvador was buying one bitcoin daily. If you want the strategy to be good for you, you can just wait until the price fall during bear market and start DCA.

You are right, but If someone should wait for next bear market to DCA into Bitcoin, This means that an investor who wants to buy Bitcoin now would wait for the next face of the market. But in my perspective, and in a situation like this where we have already hit the bull market or just kick-starting, applying DCA by Buying the Dips of the price pullback seems better because if the investor should wait for the next bear market to kick in to start DCAing, some of them will have spend their money by then, or secondly no one knows how high that this bull market would get to, and the price now might even be way cheaper than during when the next bear market cycle would bottom out.

But unfortunately not every newbies out there have access to information about what good strategy to use for their investment since lots of them became a lost soul and been misguided toward picking good investment since some of them goes with shitcoin.

If they could just do more research for sure that they would go on valuable discussion like this and could learn what best strategy to use for their investment link this DCA method. Now its really up to them on how they could practice their selves to prolong their patience since emotions towards dealing on every negative situation is important here so that they can succeed implementing DCA method on their investment and can successfully make their investment to last long depends on the timeline they set for it.

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Quote from: CryptopreneurBrainboss on November 20, 2024, 04:28:58 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

No other method is more suitable for a beginner than to DCA, DCA takes out the stress of thinking about when is the bottom to buy or not. You can buy any pries and at anytime and still not have spent that much to buy.

DCA does more to a newbie than just acquiring Bitcoin. It teaches you something about discipline that when you can stay determined to invest in Bitcoin through DCA at the specific time that you' set for yourself. There are other methods to use but this is the best especially for income earners as it prevents you from spending all your money at onces and you begin to have second thoughts when the market isn't being favourable.

On the other hand, I think the DCA method will be more favourable to the smaller investors when the market is bullish because if a small investor decides to DCA when the market is red, there are obvious possibilities that, it might get liquidated depending on how much has been imputed already.

The DCA method is a good one but I think there are also terms and conditions associated with it and most times, when I read about advise that newbies should DCA regardless of which season the market is in, I’m at some points confused because I don’t actually see DCA as that easy as it’s been presented and as such, it’s like telling a total newbie to buy bitcoin at every possible time they have the money they can afford to lose regardless of the current market price of coin

I’m just curious to know if the fact that market price of the commodity is considered when telling a total newbie to DCA?

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Quote from: Publictalk792 on November 20, 2024, 08:53:55 PM

Investing in Bitcoin using Dollar Cost Averaging DCA method is good especially for beginners. This method reduces stress by avoiding constant price checks. It offers four benefits like less worry about price changes and buying Bitcoin at different prices and selling some when prices swing and growing investments long term. If anyone want get most out of DCA learning how to use it correctly is key.

Dollar Cost Averaging is an efficient investment strategy for all investors, not only beginners. It can be more helpful for beginners who are most vulnerable to news, fud, market volatility as well as lack of proper risk and capital management with their limited experience in this market.

This strategy can help investors to gradually invest their money into bitcoin, do their bitcoin accumulation gradually with time. It reduces time they need to watch the market for finding good entries and can give them more time for doing other things, especially working for money to buy more bitcoin. With DCA strategy, investors no longer need to find good or best entries, because basically it's very challenging or impossible to find such entries.

Investors need to have both, entries and exits, and there is a helpful Withdrawal strategy.
[ANN] JJG Sustainable Bitcoin Withdrawal Strategy
https://bitcoindata.science/withdrawal-strategy

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Quote from: CryptopreneurBrainboss on November 20, 2024, 04:28:58 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

No other method is more suitable for a beginner than to DCA, DCA takes out the stress of thinking about when is the bottom to buy or not. You can buy any pries and at anytime and still not have spent that much to buy.

I totally agree with you that DCA method is very effective method for beginners to continue depositing bitcoins as one can run deposits of any size as well as get a broad understanding of bitcoins and get an opportunity to observe the market. For beginners who are afraid of investing and suffer from FOMO, this method of long-term Bitcoin accumulation has the potential to result in huge holdings. Also experienced Bitcoin investors can adjust their investment plan with DCA strategy and long term investment is more profitable than short term trading.

Quote from: CryptopreneurBrainboss on November 20, 2024, 04:28:58 PM

DCA does more to a newbie than just acquiring Bitcoin. It teaches you something about discipline that when you can stay determined to invest in Bitcoin through DCA at the specific time that you' set for yourself. There are other methods to use but this is the best especially for income earners as it prevents you from spending all your money at onces and you begin to have second thoughts when the market isn't being favourable.

Yes, newbies tend to be indecisive about making a single investment decision and may be short on cash, in which case small weekly or monthly deposits can result in many small investors owning large bitcoin piles in the future. The discipline that results from continuous and regular DCA can help measure success at every level of life. Multiple cycles appear to be suitable for an investor to have a decent portfolio and get high returns.

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Quote from: KingsDen on November 20, 2024, 06:08:29 PM

(.....)

Quote from: _act_ on November 19, 2024, 10:54:16 AM

DCA is a good strategy but it is good when the price of bitcoin is low already. Example is when bitcoin fall below $16000 in 2022 that El Salvador was buying one bitcoin daily. If you want the strategy to be good for you, you can just wait until the price fall during bear market and start DCA.

Yea, but before El Salvador started DCAing, they already bought lump sum at the peak of 2021 bull run, which I considered bad investment. If they still held till now, they are all bullish in their investment.

And we should not compare us, small individuals to El Salvador country.
We must also think that there are a good advantages and bad effects of using the DCA strategy, it will not always give you good results, it's still depends.
For example, you tried to use DCA and everytime you buy is always in the peak and later on the price of Bitcoin keeps dumping, that will give you some losses.

Publictalk792

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Investing in Bitcoin using Dollar Cost Averaging DCA method is good especially for beginners. This method reduces stress by avoiding constant price checks. It offers four benefits like less worry about price changes and buying Bitcoin at different prices and selling some when prices swing and growing investments long term. If anyone want get most out of DCA learning how to use it correctly is key.

Topic: Does the DCA strategy inspire newbies to invest? - page 5. (Read 1414 times)