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

Odohu

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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.

MANGO_PEOPLE

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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.

Jewan420

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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.

Perfectbaby

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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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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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