Does the DCA strategy inspire newbies to invest?

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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

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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.

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.

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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.

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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.

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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!

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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.

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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.

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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.

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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.

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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/

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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.

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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 happens to be one of the best way to buy bitcoin not even as a newbie but in a general case. It works best when you have a fixed income coming to you weekly or monthly and can save some to invest. It also a good strategy that’s better employ during the bear season of the market and not the bull season just like we are in now even though there are a lot of tendency that the market will continue on an uptrend for now.

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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

There's no certain strategy could make a newbie inspired to invest with bitcoin. What I more believe is the profitability of the coin will make them try to participate on this activity or investment decision since they believe they can get something with this coin.

DCA method is a helpful guide for them to determine if they are doing right with their investment and don't get fooled with it. If asking the outcome even if DCA strategy is working method its still up for the person doing well if they do all of things and they mixed everything up with patience. DCA is for long term and people should not mislead about taking profits by using it for short term.

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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.

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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

As far as I know DCA is one of the investment strategy that involves buying bitcoin regularly and or a continiously approach that doesn't require you to buy during bear or Bull season or when bitcoin has dips. i Think the best strategy that fits your explanation is buying the dip instead of DCA. If anyone chose to buy bitcoin at dip he can adopt one of the three method of Investment which is buying the dip.

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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 best investment strategy I have ever seen, and it is applicable for everyone both the expert traders and the newbies in trading because it gives you the freedom to invest anytime at any price without thinking otherwise.

For Beginners, the DCA method will be the best for them to start, they will minimize the risk of losing all their capital at once, and the method help people that don't have enough money to invest once, they can be using the weekly, monthly, or annual earnings to be investing the amount you can afford to lose for future reference.
The outcome of DCA method to all is that, if you invest in Bitcoin, you will get the chance to accumulate good fractions of Bitcoin, and you will save yourself from inflation.

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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

Infact the DCA method makes investment very simple for all. It is always advisable for beginners to start small, atleast to have a better understanding about the market. Apart from starting small to have an understanding of the market, the DCA method of investment makes investment easy for one to be able to invest with the amount they can afford and it is a method that can keep on to be consistent in accumulating bitcoin from time to time.

DCA method helps beginners to develop investment habit and also give the mindset to know bitcoin investment is longterm. Atleast with the DCA method they do not need to invest all they have got and expecting a quick return of profit. I think DCA method is one of the best method of investment that is good for every beginner.

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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.

Yes, many applies this strategy for the personal gains. It is an interesting option for the people who don't wanna spend much time keep staring on price chart to buy only in desired price. In sort, it helps in accumulation of bitcoin in different prices neither high or low makes balances between of both regret and fear.

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

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

Just keep buying Bitcoin regularly no matters how much in quantity where the price leads if you believe in it, and hodl till retirement. Then you will know, you know. But Op, I've seen few posts of yours, you've been always talking about other investors what they think about on different approaches. what about you? Are you not intrested towards bitcoin on investment purpose for the long-term? Are you afraid to stack now because of new ath/observation before jumping in or else?

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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

Maybe you just don't understand what DCA means, which is why you are confused if it's beneficial for newbies to invest in bitcoin using the DCA method. Well, it's a process of accumulating bitcoin in small pieces.

Reducing the amount you spend at a time in acquiring bitcoin, it's easier to use the DCA method to acquire bitcoin since you don't need to worry about saving up a large amount of money and buying a large volume at once. As time goes on, the amount you accumulate will increase over time before you even realize the total amount you have spent on it.

tvplus006

legendary

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To the Moon

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

This is a very good strategy, but it is necessary to start buying at the beginning of the bull market. There is a high probability that after Bitcoin has reached ATH, its price will be adjusted and if you buy BTC now, then after a certain period of time your position will become unprofitable. Therefore, for new purchases, I would recommend that you wait for the BTC price correction.

AVE5

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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 as simple as a strategy of Investors buying more bitcoins to add to their current holding. It is inspiring to holders who has accumulating scheme of buying more probably on basic of considering their alternative source of incomes that determines the zeal.
Again, also a sense of investors who targets on increasing their holding during a market Dip.
So, this plans are not restricted to newbies but a window that everyone holders could follow.

Woodie

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Rollbit.com ⚔️Crypto Futures

Of course it has to inspire them because most people have this notion that everyone has to buy a whole Bitcoin to be part of this asset class and feel discouraged to jump on the BTC boat🚢.
But when they learn that you actually can buy your BTC in small chunks to grow your crypto portfolio, you will certainly grow to love the crypto space as it accommodates everyone no matter the size of your pockets.

Student of Bitcoin

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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

See there are different strategies for investing so everyone has a different investment strategy. But the point you mentioned here is especially suitable for new investors because they are not very experienced with Bitcoin when they are new. As a result they can start investing through DCA even if they are less experienced.

_act_

legendary

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Lightning network is good with small amount of BTC

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.

?

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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

Topic: Does the DCA strategy inspire newbies to invest? (Read 283 times)