Does the DCA strategy inspire newbies to invest? - page 6.

KingsDen

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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 the most affordable and less complicated method for investment recommended for beginners. They actually do not need to know much about the technical aspect of bitcoin but can still benefit. But only the starting timing is required.

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.

Franctoshi

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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.

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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

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.

Stable090

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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 easiest strategy when making an investment is DCA, that’s why most people do encourage the strategy. You will be able to accumulate bitcoin gradually over some period of time. Whenever I am recommending anyone to invest in bitcoin, I don’t always advise them to buy at once, I do tell them to buy it gradually, in case there is a drop in bitcoin price, then they will be able to accumulate bitcoin at a cheaper price, but if they buy at once and bitcoin starts dropping, some of them will be complaining why they bought it all at once.

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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

First don't post like that, I mean keeping first letter of every word capital because don't know about others, it's hard to read. Just a tip, take it or leave it your decision. Wink

Speaking of DCA, it's the best method out there because once you start to use it to accumulate BTC in a year, you won't believe yourself that you have accumulated this much and now due to the uptrend, you are making this lot of profit. A year seems long from now but we all underestimate that a year seems long, but it passes like not a big deal. And I am pretty sure those long-term expert traders might also be judging a cycle like it's nothing and it will pass in no time.

I also used the DCA technique and accumulated some BTC and now making more than 2x yeah lesser than any alts but profit is profit and I like it because it was the safest way to make 2x in crypto (IMO).

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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

I see DCAing inspiring more of newbies when they realizes that after passing through their first attempt of buying their bitcoin as thought of holding, they would be privileged to buy over and over as they can afford considering they are not holding enough value to their satisfaction yet.
It is dynamically inspiring on different relating to opportunities to buy bitcoin at our readiness.

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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

Newbies who do not have sufficient capital but have a steady source of income can choose to invest small amounts at intervals without neccessarily breaking the bank just to invest. Those too who are scared of risking huge amount of money at once can also choose to invest small amounts at intervals just to minimise their risk.

Beginners go for the DCA method because it is the most convenient way they can invest in bitcoins and still remain sane. This does not mean that DCA is the only method of investing, risks tolerant investors can choose to invest very huge amounts at once and wait for the investment to appreciate. Others too will choose to buy with huge amounts at first and buy subsequently in bits at intervals. As a beginner that you are, go for the method you will be very comfortable with.

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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, and DCA is one of the Bitcoin accumulation strategies that has become so appealing to newbies and one of the widely adopted approaches to Bitcoin by newbies; in fact, the DCA approach gained its popularity from how easy it is to apply by a newbie and seeing the results of such applications of DCA approach.

Beginners who follow the DCA method have lower risk and higher long-term Bitcoin accumulation motivations because, at DCA, you are buying Bitcoin in a small proportion and on a steady basis; this makes the whole process enjoyable and less pressure for a newbie.

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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.

I disagree with you on the DCA strategy. As you mentioned, it is not ideal advice for a DCA investor.

The DCA strategy does not require you to be completely dependent on the market to buy. It allows you to buy at all times in the market. Waiting for a bear market in the DCA strategy would be a big mistake. DCA is characterized by buying regularly regardless of market conditions. The biggest strength of DCA is to grow your portfolio by buying regularly. DCA is effective for all types of investors. For a new investor, the DCA strategy is definitely an effective strategy, because DCA is very simple and allows you to buy without any analysis or experience about the market.

If you are planning to invest in bins, then start investing very soon, you can profit by investing even in such bullish moments of the market. If you wait to enter a bear market, you will only move away from investing and at some point you will lose out on Bitcoin. Start investing very soon and plan for the long term.

There are some important trades in the DCA forum where you can learn more about DCA in depth.
1. DCA, the most convenient way to increase your bitcoin as an investor.
2. JJG’s Outline of Bitcoin Investment Ideas
3. Buy the DIP, and HODL!

Ricardo11

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Quote from: AYOBA on November 20, 2024, 11:02:51 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

That’s the best thing for for newbie when is come to invest using the DCA strategy the simple way to enjoy Bitcoin investment, because those that using the method DCA when the Dollar was still in low prices are the one who have a huge profits this days that prices of Bitcoin is rise up, but the main problem of some people’s that invest in Bitcoin is that they don’t have patience to invest in long time; that’s why even when the Bitcoin is pump up now not all people’s have benefits.

This is the right time to invest in some of the altcoins since the Bitcoin is rise now I know when the Bitcoin begin fall down the altcoins will be begin their journey, I think will be good ideas to for beginners to use the DCA strategies method invest.

Yes, DCA is always the best Bitcoin investment method, especially for those who are afraid of market volatility, it is advisable to invest in Bitcoin using DCA.
There are also many investors who often get scared by the slightest fluctuation in Bitcoin, and they sell their Bitcoin holdings at a loss.
So for all these investors, DCA is the most effective method. However, you must have a long-term plan to invest in this method.

With the current rate at which Bitcoin has pumped its price, altcoins are still at a low price, so now may be a good time to invest in altcoins. but, the altcoin market is much riskier than Bitcoin, so you need to do proper research and invest in the right coin, otherwise you will face more losses.

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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

Well dca works on blue chips and trusted coins and tokens. I wouldnt do dca on an average low mcap unless I trust it or Im not doing degen.

For a degen, low cap is a gift that can also be a curse. But for newbies sake doing dca is a perfect beginner entry for crypto market trading since its average your market buy plus also choose only blue chips.

AYOBA

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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

That’s the best thing for for newbie when is come to invest using the DCA strategy the simple way to enjoy Bitcoin investment, because those that using the method DCA when the Dollar was still in low prices are the one who have a huge profits this days that prices of Bitcoin is rise up, but the main problem of some people’s that invest in Bitcoin is that they don’t have patience to invest in long time; that’s why even when the Bitcoin is pump up now not all people’s have benefits.

This is the right time to invest in some of the altcoins since the Bitcoin is rise now I know when the Bitcoin begin fall down the altcoins will be begin their journey, I think will be good ideas to for beginners to use the DCA strategies method invest.

jcojci

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Using DCA method is the right thing to do for investor because they just focus to buy Bitcoin for certain terms. Beginners should follow the DCA method for Bitcoin investment as they don't have to always check the volatility of Bitcoin price. This can reduce their worry with the price movements so they can invest from time to time without a problem. By using DCA methods, they will see that they have a chance to accumulating more and more Bitcoin in various price level. This can also give them a chance to sell some portion when the price increase and decrease fast than the usual. But if they want to hold Bitcoin for a long term, that will works best for them but they must learn about how to use DCA method with right.

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The DCA method is the best strategy for long-term bitcoin accumulation because it can buy at an average price... so whether you are an old investor or a beginner, you can use the DCA strategy.

Buy bitcoin at once... can't afford it then doing DCA every week or month is more effective for me who have limited finances.

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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

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.

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Quote from: Mayor of ogba on November 20, 2024, 04:05:40 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 perfect strategy for someone who is starting to accumulate bitcoin because it will allow you to consistently accumulate bitcoin either on a weekly or monthly basis when your discretionary income is readily available, and you can accumulate bitcoin even though the price is increasing or decreasing, which will not delay from accumulating bitcoin. But if you have a good discretionary income, which will allow you to lump sum on bitcoin without finding it hard to solve your daily expenses, you can lump sum on bitcoin and still maintain your DCA strategy, which will help to increase the seize of your bitcoin faster.

Yes with DCA strategy an investor can start accumulating bitcoins using a portion of his discretionary income and should proceed with this method irrespective of the price with a target of 4-10 years so that his main aspirations are met. In fact an investors main aspiration is to try to get high profits so he should focus on accumulating bitcoins in the long-term DCA method. Therefore he can keep another part of discretionary income as investment backup fund. Floating cash or backup funds can greatly assist an investor in running DCA over the long term. One may be able to meet emergency needs by using backup funds without withdrawing invested holdings in case of emergency.

Mayor of ogba

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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 perfect strategy for someone who is starting to accumulate bitcoin because it will allow you to consistently accumulate bitcoin either on a weekly or monthly basis when your discretionary income is readily available, and you can accumulate bitcoin even though the price is increasing or decreasing, which will not delay from accumulating bitcoin. But if you have a good discretionary income, which will allow you to lump sum on bitcoin without finding it hard to solve your daily expenses, you can lump sum on bitcoin and still maintain your DCA strategy, which will help to increase the seize of your bitcoin faster.

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Quote from: EL MOHA on November 19, 2024, 05:43:33 PM

Quote from: ? on November 19, 2024, 05:00:10 PM

I am just registered here, and I was looking for any good strategy for myself because I want to accumulate bitcoins for long time.

Just check and read about DCA can anyone guide or give link where I can have more details about this strategy hopefully this will help me for having things well under control for long time thanks in advance.

If you’re just getting started with bitcoin entirely I will advise you actually read through this thread by JayJunGee, https://bitcointalksearch.org/topic/m.58719584. The thread gives a guide on how the user has over the years been accumulating and managing his bitcoin portfolio and also upto the point of withdrawals.

Now for one to simplify DCA method for it is simply the method of accumulating bitcoin in intervals just to get the best average price for the coin. DCA is simply for those who are willing to have many or large proportion of the coin but are looking at the high price of it. DCA presents you the opportunity to actually get the coins in the most efficient or cost average or r if it is done properly. It is also a good strategy for those who do not have large liquidity to actually buy more the DCA method is the best way they get into the market averagely and accumulate more over the time.

Thanks for giving reply and this link for more updates about my concern.

OcTradism

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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

Newbies will be inspired firstly by impressive ROI in Bitcoin investment. It's where they started and next, will be their homework of finding possible good methods for investments.

Through their research on investment methods, Dollar Cost Averaging, DCA method will be in their list. Choose it or not, it depends on each investor but if they have enough investment experience in Bitcoin market, soon they will realize DCA is a very good strategy.

https://dcabtc.com/
https://costavg.com/

EL MOHA

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Quote from: ? on November 19, 2024, 05:00:10 PM

I am just registered here, and I was looking for any good strategy for myself because I want to accumulate bitcoins for long time.

Just check and read about DCA can anyone guide or give link where I can have more details about this strategy hopefully this will help me for having things well under control for long time thanks in advance.

If you’re just getting started with bitcoin entirely I will advise you actually read through this thread by JayJunGee, https://bitcointalksearch.org/topic/m.58719584. The thread gives a guide on how the user has over the years been accumulating and managing his bitcoin portfolio and also upto the point of withdrawals.

Now for one to simplify DCA method for it is simply the method of accumulating bitcoin in intervals just to get the best average price for the coin. DCA is simply for those who are willing to have many or large proportion of the coin but are looking at the high price of it. DCA presents you the opportunity to actually get the coins in the most efficient or cost average or r if it is done properly. It is also a good strategy for those who do not have large liquidity to actually buy more the DCA method is the best way they get into the market averagely and accumulate more over the time.

Topic: Does the DCA strategy inspire newbies to invest? - page 6. (Read 1412 times)