I AM DCA-ING - page 2. | Bitcointalksearch.org

ethereumhunter

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Quote from: Fiatless on September 05, 2024, 06:40:33 AM

DCAing is a good strategy because it is less complicated and therefore requires fewer skills. Anybody including newbies can easily adopt this strategy to accumulate Bitcoin. crypto-trading on the other hand is complex and needs specialized knowledge. A lack of trading skills will lead to losses that's why I would never advise a newbie to start trading until he has gained the required knowledge. One of the benefits of applying the DCA strategy is it spreads the investment risks. Since the person bought at a different price, the risk of losing is minimized. The lump sum strategy is risky but one can take advantage of it if the price drops significantly.

They can use DCA method to buy Bitcoin by using a schedule so they will not miss the time to buy Bitcoin. They also don't have to think much about the price because their purpose to buy Bitcoin is about accumulating more Bitcoin until it is enough to stop. This method is easy to use because they need to prepare the money and know when they should buy Bitcoin and hold it for some time.

Many people benefit using DCA method so this time, they still trying to use DCA to accumulate more Bitcoin. Besides that, this strategy helps people who doesn't have much time to analyze and trade because their focus is only saves as many Bitcoin as they can using DCA.

Fiatless

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Quote from: ethereumhunter on September 03, 2024, 08:59:52 PM

Kudos for you because you admit that you are a bad traders Grin

I also a bad traders because I get so many losses in my trade but I am not regret and realizes because I don't have a good skills in trading. Yes, DCA saves me to make a profit in a long term because using DCA, I can accumulate more Bitcoin in any price whether it is a high or low price. I only stick to my schedule to buy Bitcoin no matter if at that time Bitcoin price is increase. I can buy Bitcoin again when my schedule comes and many times I can buy at a low price. So that reduced my average buy price which makes me not too worry with the market situation. Like what happening in this few days, Bitcoin price is not increase so high and seems gets more correction so that will be my good time to buy more Bitcoin. After all, my buying time will comes so I will use that to buy Bitcoin.

DCAing is a good strategy because it is less complicated and therefore requires fewer skills. Anybody including newbies can easily adopt this strategy to accumulate Bitcoin. crypto-trading on the other hand is complex and needs specialized knowledge. A lack of trading skills will lead to losses that's why I would never advise a newbie to start trading until he has gained the required knowledge. One of the benefits of applying the DCA strategy is it spreads the investment risks. Since the person bought at a different price, the risk of losing is minimized. The lump sum strategy is risky but one can take advantage of it if the price drops significantly.

Moreno233

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Quote from: Finestream on September 03, 2024, 06:59:45 PM

Quote from: Jewan420 on July 02, 2024, 12:02:34 PM

Yes such bad traders don't really care about price drop and rise. I love bad traders like you, because I love the DCA method and the DCA method user. This method allows you to buy bitcoins at any time. Whether the Bitcoin market is bullish or bearish doesn't stop you from continuing to invest in your DCA method.

Regardless of being a bad trader, but you know how to DCA, and you have a lot of patience to hold, you will still be profitable in the end. Don’t mind being a bad trader because that will be learned in time, but seizing every opportunity that comes and buy as much as you can, whether it’s bullish or bearish, then that makes you highly profitable in the future. Just don’t let greed take your bitcoin investment, because it will never create positive outcome as far as I know.

When you place DCA method and trading side by side, it gets me confused because I understand the DCA method as a way of building Bitcoin portfolio over a long period of time. Since, it involves buying small amount per time, it does not seem to involve buying and selling at the same time within a short period of time. Like you said, regardless of the entry method, as long as the investment is for a long period of time, it will be profitable whereas trading is for a short period where the investor is continuously exposed to risk because of being eager to sell.

betswift

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Quote from: ethereumhunter on September 03, 2024, 08:59:52 PM

Kudos for you because you admit that you are a bad traders Grin

I also a bad traders because I get so many losses in my trade but I am not regret and realizes because I don't have a good skills in trading. Yes, DCA saves me to make a profit in a long term because using DCA, I can accumulate more Bitcoin in any price whether it is a high or low price. I only stick to my schedule to buy Bitcoin no matter if at that time Bitcoin price is increase. I can buy Bitcoin again when my schedule comes and many times I can buy at a low price. So that reduced my average buy price which makes me not too worry with the market situation. Like what happening in this few days, Bitcoin price is not increase so high and seems gets more correction so that will be my good time to buy more Bitcoin. After all, my buying time will comes so I will use that to buy Bitcoin.

It's essential to admit your mistakes that have been made and grow in terms of experience upon them. It's heartwarming to see everybody sharing their paths there Grin

tygeade

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Quote from: Frankolala on September 03, 2024, 12:06:38 PM

One thing thay I love about the DCA method of bitcoin accumulation is because it allows you to buy with very little amount and pile it up overtime before you know it you will be surprised at the size of your bitcoin portfolio. Slow and steady wins the race is better than waiting for the dip that may or may not come.

This is the method that I have being using to accumulate bitcoin for sometime now and it is really effective because i do not expect I could have this size of bitcoin that is in my wallet assuming I didn't use DCA because I am a low income earner.

This is such a great point, I mean if you just do 50 dollars a month, that would be 600 dollars a year, and in 5 years that would be 3k dollars, with some increase in bitcoin you have more than 10k in most cases, that's a good enough money as a capital for most things.

You want more? In bitcointalk, you could literally make 50 dollars a week in most campaigns, do not consider that as income, keep it in, that would be 2600 dollars a year (52x50) and that means in 3 years you would have 7800 dollars, with some increase that could be as high as 20k or more, in 5 years that could be near 50k if bitcoin goes well with next bull run as well. So, when you invest just a bit, it would be insanely good overtime because of the accumulation, you never put too much at once, but it collects to be huge.

ethereumhunter

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Kudos for you because you admit that you are a bad traders Grin

I also a bad traders because I get so many losses in my trade but I am not regret and realizes because I don't have a good skills in trading. Yes, DCA saves me to make a profit in a long term because using DCA, I can accumulate more Bitcoin in any price whether it is a high or low price. I only stick to my schedule to buy Bitcoin no matter if at that time Bitcoin price is increase. I can buy Bitcoin again when my schedule comes and many times I can buy at a low price. So that reduced my average buy price which makes me not too worry with the market situation. Like what happening in this few days, Bitcoin price is not increase so high and seems gets more correction so that will be my good time to buy more Bitcoin. After all, my buying time will comes so I will use that to buy Bitcoin.

Finestream

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Quote from: Jewan420 on July 02, 2024, 12:02:34 PM

Yes such bad traders don't really care about price drop and rise. I love bad traders like you, because I love the DCA method and the DCA method user. This method allows you to buy bitcoins at any time. Whether the Bitcoin market is bullish or bearish doesn't stop you from continuing to invest in your DCA method.

Regardless of being a bad trader, but you know how to DCA, and you have a lot of patience to hold, you will still be profitable in the end. Don’t mind being a bad trader because that will be learned in time, but seizing every opportunity that comes and buy as much as you can, whether it’s bullish or bearish, then that makes you highly profitable in the future. Just don’t let greed take your bitcoin investment, because it will never create positive outcome as far as I know.

Frankolala

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Quote from: AirtelBuzz on July 18, 2024, 05:58:45 AM

Quote from: Reredmi896 on July 11, 2024, 02:23:16 PM

I will agree to continue buying and accumulating bitcoin until I reach my target. don't care about price increases, and negative news that will make me skeptical. I will only focus on one point and walk straight to my goal. because my goal is still long as long as there are no problems with my finances, keep collecting if there is a price reduction it is a discount to continue accumulating. and it would slow down buildup if I relied on waiting for price drops. besides that, I am not a psychic who can predict when the price of bitcoin will fall, so as long as there is money that can be allocated for regular purchases there is no obstacle to continuing to accumulate

Yes before investing we should set a target and make sure that we don't stop investing until we reach that target. Whenever we invest whether the market goes dips or bulls, we focus on our investments so that we are able to keep our investments moving. If we do DCA regularly, we may not have to wait for the market to drop, because this method allows us to buy any amount of Bitcoin at any time. Be it small or big. If one always waits for the dip season in the market then his investment may not grow because he will only wait to buy at low prices instead of investing regularly.

One thing thay I love about the DCA method of bitcoin accumulation is because it allows you to buy with very little amount and pile it up overtime before you know it you will be surprised at the size of your bitcoin portfolio. Slow and steady wins the race is better than waiting for the dip that may or may not come.

This is the method that I have being using to accumulate bitcoin for sometime now and it is really effective because i do not expect I could have this size of bitcoin that is in my wallet assuming I didn't use DCA because I am a low income earner.

Nrcewker

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Quote from: Jewan420 on July 02, 2024, 12:02:34 PM

Yes such bad traders don't really care about price drop and rise. I love bad traders like you, because I love the DCA method and the DCA method user. This method allows you to buy bitcoins at any time. Whether the Bitcoin market is bullish or bearish doesn't stop you from continuing to invest in your DCA method.

I think everyone should treat DCA very seriously. It can really be a good type of investment for the long run. We spent hundreds of dollars daily on restaurants or luxuries. If we save some and invest in the form of DCA, then definitely we will be able to make a good amount of money in a few years or in the next bull run. But instead of a slow and steady process, people run behind greedy approaches for which they aren’t able to make profits and later regret about their decisions and curse the coins and market.

mirakal

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Quote from: o48o on August 26, 2024, 10:07:30 AM

Quote from: shinratensei_ on July 11, 2024, 11:49:00 PM

many times DCA more profitable than trading anyway.

just look at the recent dumps, I bet the people that did daily trading are losing big time but we the DCA people are just trying to lower average by buying the dip which gonna be good if market suddenly have good news such as big entities massive buys up while the daily trader got long squeezed or short squeezed left and right.

with DCA we don't try to predict the market, we just go with the market flow and it's proven to be the most effective strategy ever.

Also, in most places you don't have to pay taxes if you are just buying and holding. Until you cash out that is, and in trading, you need to put ton of work to count gains and in some cases record and give up all the data of every transactions and trades you made, and it's up to you to explain every fee and every trade and convert them in your country's fiat money in the report.

It can be lots of work even for professional accoutants, and most of them don't do cryptos.

While trading is more risky and more stressful since it requires a lot of time doing market observation and analysis, DCAing and hodling on the other side are quite relaxing and even more exciting most especially if you buy at its very cheap price and accumulate a maximum amount. That's exactly the reason why a lot of failed traders settle on DCAing and hodling, because they can still earn the same amount or even bigger compared to trading if they can be more patient and be wiser on managing their investment.

FinePoine0

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In my view this person is a successful DCA holder. Because he has followed the DCA method since 2013 and has maintained his holdings to this day, his 11-year holdings will make him known as the highest-paid and most conservative Bitcoin holder. Because he was aware of the uniqueness of his holdings, this is the biggest proof that he has held holdings following the DCA method for a long time, which is dear to me.

o48o

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Quote from: shinratensei_ on July 11, 2024, 11:49:00 PM

many times DCA more profitable than trading anyway.

just look at the recent dumps, I bet the people that did daily trading are losing big time but we the DCA people are just trying to lower average by buying the dip which gonna be good if market suddenly have good news such as big entities massive buys up while the daily trader got long squeezed or short squeezed left and right.

with DCA we don't try to predict the market, we just go with the market flow and it's proven to be the most effective strategy ever.

Also, in most places you don't have to pay taxes if you are just buying and holding. Until you cash out that is, and in trading, you need to put ton of work to count gains and in some cases record and give up all the data of every transactions and trades you made, and it's up to you to explain every fee and every trade and convert them in your country's fiat money in the report.

It can be lots of work even for professional accoutants, and most of them don't do cryptos.

AVE5

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For investors who claims to wait for the dip before they could buy more values to their holding, it's really questionable asking how long do they keeping waiting for a low market? What if they market doesn't go so low as expected? Where do you store the funds supposingly to use in buying the bitcoin?
I guess having backed up with all these to why you haven't been DCAING or haven't invested on bitcoin yet is a main course of waste because you could have stand on better chances even when bought at a high price believing higher price is to come in times.
There's is absolutely no loosers in the long term holding investment plans because you only looses when you're impatient to keep holding while the market haven't had a good profitable shape for you yet.

dansus021

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You do DCA and you said you are bad trader I mean for me DCA doesn't really need a technique it just need money hahahah. If you have plenty you can continue bad it would give you better result if you know little about techinal analysis, the basic Support and resistance is enough to make DCA even better.

If you buy bitcoin at the support zone then you make decent profit in the future IMO

aoluain

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Quote from: OgNasty on August 03, 2024, 07:23:50 PM

DCA is the way.

Thats a nice slogan!

DCA is definitely the way especially for those of is who havent a massive lump
of FIAT all at one go to buy but instead have regular steady income and disposable
FIAT to transfer into something more valuable.

And today combining the "Buy the dip" time with DCA is another great opportunity
at Bitcoin is at ~$60k

Lida93

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Quote from: KingsDen on July 02, 2024, 08:48:15 AM

I AM DCA-ING, I'LL TELL YOU WHY. It's because I'm a bad trader and I KNOW I'M A BAD TRADER. You guys can spot the low and buy in LUMP.

Knowing your place where your strength and weakness lies and seizing it to your optimum advantage in this market is very much of importance than just being able to afford having the money to get into the market. Some people fail to recognize that they are bad traders therefore making a continuous losses to trading with money they could have just through DCAing strategy accumulated so much amount of bitcoin to their wallet for the future.

They feel they can't afford the patient to hold
for long yet they can't even boast of a travailing trading history instead it's all in red when checked. The first step to succeed with this digital currency is knowing your place. The Dollar Cost Averaging is the easiest route to make profit with bitcoin even for a complete amateur if only they can stay dead by ignoring the news with the emotions that accompanies it by regularly buying whether there's a dip or no dip.

OgNasty

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DCA is the way. Especially when it comes to Bitcoin, dollar cost averaging helps the market as mined coins get regularly dumped and it also helps the buyer not get caught up by their emotions or the news of the day. Even when I am selling, I’m still keeping my dollar cost averaging buys going.

Odusko

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Quote from: shinratensei_ on July 11, 2024, 11:49:00 PM

Quote from: Natalim on July 11, 2024, 04:21:31 PM

If you can't be good in trading, then do it with DCA and hodling instead. That's the best thing you can do in order to still gain your target profits in the end. While trading can be highly risky that's why a lot of those who enter trading end up quitting, but with DCA you are in full control of your investment without pressuring yourself when to buy and sell. Just buy low and sell high, or even buy all the time, after all losing won't be possible if you don't sell your coins at a lower price compared when you bought it first.

many times DCA more profitable than trading anyway.

just look at the recent dumps, I bet the people that did daily trading are losing big time but we the DCA people are just trying to lower average by buying the dip which gonna be good if market suddenly have good news such as big entities massive buys up while the daily trader got long squeezed or short squeezed left and right.

with DCA we don't try to predict the market, we just go with the market flow and it's proven to be the most effective strategy ever.

Trading and Gambling are the same, I can't forget how I lost $800 in bitcoin within a space of two days, since that time, u keep off from trading since I know that only long term experience trader's makes profits from trading and most newbies just lose in a continuous manner that suggests that we need more break from trading if we must make any progress.
I don't know how those you say they are making constant profits from trading are actually achieving that, because cryptocurrency trading is a hard job that need alot of chart readings to make better decisions, and anything outside that you may be setting yourself up for loses and all your money can be gone within seconds and this make trading an unbearable venture for newbies who's experience is always far from good because of lack of skills, DCA is still easier to do and less risky compared to trading or gambling alike.

el kaka22

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This is a good idea, and this is exactly what I do. Normally, when I was in a better financial situation, all I did was as soon as I got my salary, put some of it in bitcoin, doesn't matter if it was 15k doesn't matter if it was 70k, I kept on buying. My idea is that if you keep on doing that, you are going to end up with a good amount in after a few decades.

Now, I know many will think that why wait for many decades when a few meme projects could make you that much money quickly, the answer is that I do not know if that meme project will go to zero or hundred, and I rather not risk my entire savings. Instead, I keep it in bitcoin mostly, a bit of ETH as well, and small amounts of other stuff. This means that, I may not get rich overnight, but I will get rich when I retire, and then I will be able to live a smaller easier basic life.

This isn't always that easy, and it may take a while, but if we could do that then I am sure that we are going to deal with something that will take some time. Hopefully, it will not be too difficult, if we could make it work somehow, then we are going to make money shorter time frame, but we still shouldn't sell and wait as long as we could possibly wait.

AirtelBuzz

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Quote from: Reredmi896 on July 11, 2024, 02:23:16 PM

I will agree to continue buying and accumulating bitcoin until I reach my target. don't care about price increases, and negative news that will make me skeptical. I will only focus on one point and walk straight to my goal. because my goal is still long as long as there are no problems with my finances, keep collecting if there is a price reduction it is a discount to continue accumulating. and it would slow down buildup if I relied on waiting for price drops. besides that, I am not a psychic who can predict when the price of bitcoin will fall, so as long as there is money that can be allocated for regular purchases there is no obstacle to continuing to accumulate

Yes before investing we should set a target and make sure that we don't stop investing until we reach that target. Whenever we invest whether the market goes dips or bulls, we focus on our investments so that we are able to keep our investments moving. If we do DCA regularly, we may not have to wait for the market to drop, because this method allows us to buy any amount of Bitcoin at any time. Be it small or big. If one always waits for the dip season in the market then his investment may not grow because he will only wait to buy at low prices instead of investing regularly.

Topic: I AM DCA-ING - page 2. (Read 865 times)