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

Many of us are into bitcoin precisely for this reason, saving in fiat makes no sense as if I kept my savings for 20 years, it is a sure thing I will not be able to buy much with it at the time, but if instead I keep that money in bitcoin it is very likely that at least bitcoin will keep up with inflation, and if it outpaces inflation, as it has done during the previous years, then I will be able to buy more stuff in the future with my bitcoin, which makes it a very effective saving tool compared to fiat.

I don't think you're the only one who has used bitcoin as a store of value asset or long-term investment. Over time the price will grow and give us a return, while we can sell some parts when the price is really profitable. I also keep bitcoins instead of keeping fiat in a bank account, for me this is the best option because of its potential value growth.

Bitcoin is not yet an asset for my retirement fund, so so far it is still only a long-term investment. I can take advantage whenever I want, of course as long as the price is still above my purchase price. It's very simple, while I try to accumulate as much as I can, especially if I have money.

I won't disagree, as that's exactly how I've approach my personal DCA. Perhaps not as a pension, but a long-term savings plan. Personal situations in my life each cycle has rather modified the plan into more of an "emergency fund" that retains and grows value a lot more than any other savings, though. I've had to liquidate twice already, so am in my third round of DCA-enabled fund growth.

Still, if no more big emergencies hit me, then I do, effectively, have a pension plan. Not a great one. Not a sufficient one unless BTC surprises us all with some fantastic ATH of the million-dollar kind. But absolutely better than any alternative I have access to.

Getting to a point where you can hold most of your coins was a tough path but a lot of people who reach there never wants to go back. Having some bitcoin that you can trust yourself to do as well as you can is a great feeling and I think it will be something that I will try to cherish forever.

I will hold it until I retire, I will get more and more, and I hope that I will never have to sell it, because it doesn't feel like a smart idea to sell it, so I try to hold it as much as I possibly could, which makes it a lot better and could be something that benefits me as well. I know that it takes a while, but we can reach to a point where it is going to be a decent situation, we should consider that as a good thing because we are capable of making profit from holding it. Many people end up trying to find ways to make money from all kinds of complicated things, but the reality is that we are not really seeing anything that crazy at all, it is very normal if you ask me, it is not complicated at all.

I liken investing in the DCA approach to pensions. Because a pension is a part of his salary saved by the organization while working, which is paid to an employee after retirement as a pension. The pension system is very long-term, lasting up to about 25-30 years.

We can invest Bitcoin in DCA method like a pension, which can be part of retirement plan. I think if someone builds a savings fund from the start of his working life by investing in bitcoins on his own initiative, he doesn't have to worry about leisure time. I would not call such saving as investment, I would call it starting a self-pension system. If a person saves $100 per month, his working life will be extended by at least 30 years. Therefore, if you start saving from the beginning of your working life, you can save $100 × 12 × 30 = $36,000. Considering the Bitcoin price growth after 30 years, I think the DCA method will yield about 2x profit even after calculating the cost. That means $36,000 in savings and $36,000 in profit is what we can expect from Bitcoin. Even after holding for such a long period of time can get more than 2x profit.

I do agree that putting some money into it each month is a great method and I think that will be the way to get rich as well. If you keep doing that for five years to ten years, the end result will be insanely profitable. Not only you would have a good principle that you put in, but you will also have an insane increase thanks to bitcoin going up as well, it should be something that could benefit a lot and we should consider that as a way of retirement plan as well.

Not a lot of people do that unfortunately, a lot of people think that crypto is something to get rich quick, they do not see it as a retirement plan to do for 10+ years, but if they could see it that way I think it would be a great way to make some great money as well, it would actually allow people to do something nice with their money.

Agree, but I'd be agreeing at each and every single price you'll put up

The DCA benefit, role, purpose, reason for existing, if to take price consideration out of the question. Buy at $10k or at $73, keep your buys to the DCA method of period-based (every X week, month, day) or cost-based schedule (every $100 set aside) and you will average out the cost to an amount that will make a lot of financial sense at each incoming ATH.

That is exactly the same, a lot of us just buy and get as much bitcoin as we can, while we do touch just a bit of it, the rest is untouchable, doesn't matter what the price is, we end up not touching it at all. I believe that we are going to end up with nothing substantial by just trading alone, so we invest long term with most of our money. I am not saying that we shouldn't really do that, we do have chances to get better, we just need to get better at this, and because of that things could change a bit.

I believe that we are going to end up with some issues that wouldn't be the same and because of that things will of course be different. I believe if we keep this up, then we can hold more and get a lot of profit from holding.

I have my own very way that I navigate the Bitcoin market, I'm a trader and also and investor, I have discovered the method that best suits my personality when it comes to Bitcoin trading and investment, I have Bitcoin that I don't fucking touch, no matter what the market is doing bull/bear market, whereas I have another portion of Bitcoin I have devoted to play with, meaning using this part of my Bitcoin to catch up the volatility of the Bitcoin price and make some box out of it, so far I have my investment portfolio intact, I'm not being bothered and until I have reached my investment goal.

This way I will not fall for any distraction I will be faced with concerning my investment portfolio.

And that makes them lose more instead of profiting. The attitude towards the market with this type of approach of being impatient and wanting tremendous gains overnight will always land them to the wrong investments and much worse, to a scam. I agree that being patient is always pays off and I have got that experience of being impatient in the past bull run and that surely paid me a bad experience that I've learned already. So for those that are like OP, it's best that even if you have little in your purse, keep on accumulating and it's always about the attitude of yours towards the market and the actions that you're doing for yourself to be prepared before the great bull run comes.

BTC below $55k is a good opportunity to DCA. If anyone is expecting BTC to below $30k now or in the future then they are day dreaming. Institution got in massively in the range of $45k to $47k if I am not wrong.

Well done, welcome to the DCA-ing / DCA-ers club!

I have been DCA-ing for about 2 years now but mostly on the dips. I dont try and
ti.e the bottom its impossible for me, I too tried trading and lost. Only difference is
that a lot of the tome I spend my beer money too!


The most important word in your post is "patience" there are a lot of people
out there who just have none, they want quick returns so DCA is not what they do.

If you are into simplicity, then that is right. This should fit for you. Complicated strategies do also have their own benefits, so this should compensate the hardships that we experience learning them. There are still people who likes being challenged, so they will like it even more. Saying that 'anybody' can adopt this skill seems irrelevant because this includes people who already have an experience.

So, definitely they can adopt on it very easily. What you said in crypto trading is true but apart from specialized knowledge, I think we also need a luck here. That being said, losses can still be experienced even for an experienced trader if they lack in luck by the time they make a trade. You have a good advice to the newbies there but it is sad that there are still plenty of them who can ignore it. The losses that they can get must be their karma.

Using DCA method gives you a chance to buy Bitcoin without think about the price moving. You only need to focus with when you should buy and collect more Bitcoin. That can also reduce your average buy price which is not too high so when the price start to moves up, you will see how much your profit.

The important thing is you can have more and more Bitcoin amount using DCA in any low or high price. But you can buy more when you see the price down or getting a correction at the market. You can relax yourself without worry with the market movement because you have your own method to accumulating Bitcoin.

You have the best advice for those who still hold Bitcoin so they can continue to hold Bitcoin. We only holding fiat to buy our needs and urgent needs and left the rest of the money in Bitcoin. And with buying Bitcoin using DCA method, we can prepare our family future especially when Bitcoin price will surge to the highest price so we can sell it to take the profit. From that profit, we can use it for our family and that can change our life be better so we still have our investment because we can buy back Bitcoin when the price get a deep correction.

people in general afraid that they caught off guard and becoming the exit liquidity, since bitcoin market always has this surprising element to the bitcoin holders, they think this bullrun around might not be the same as previous bullrun and current ATH is peak ATH of this bullrun which is $74k and it will go downhill since that ATH.

but seeing the yearly timeframe of BTC, in 2021 there was some big bear trap that sideline so many traders so expect that there might be some big bullrun as well.

the market dipping so hard doesn't mean it will dips together tbh, if thinking by logic, current recent dip is to make paper holder to sell their bags so the bullrun can sail smoothly.

Don't understand also why he talk about trading if he want to do DCA. Since there's no point for try other risky matter since it will just ruin everything you do especially with your portfolio built up using DCA method.

Maybe best with that is to focus on his accumulation and forget about trading because, there's huge risk that he would just use his accumulated funds on trading especially if he lose since they might think about take that funds and then repay what he used after he earn or recover his money from trading which is really another bad decision to be done.

I guess he's just confused about the words he used and its fine since somehow people can improve the way how they handle their strategy learn and implement it to real time especially with their investment made with bitcoin.

We have many bad traders but they do not admit it because they think people will laugh at them and still they do not stop trading. Just as we have gambling addicts, we have trading addicts and since people do not talk about them that much, many others do not know that we have people that have a problem of trading. You can make profits from trading but do not do it when you know you are not good at doing it. Just as the OP has said, you can DCA and you will still have a good result at the end of the day because those who are investing are not going to be losing as those who are trading are doing. Trading is only good when you can be guaranteed that you are good at it but investing can be done by everyone without considering if you have studied how to invest or not, by just DCA and you are good.

Don't worry about it. Statistically the best traders are those who are dead. I've read that accounts of people who did no changes for the last 20-20 years did above average, so most people take unnecessary risks. My strategy is simple: hold bitcoin because it appreciates and is better than holding fiat money and real estate and I will be able to give it to my children without having to pay any taxes on it because nobody knows that I have it.
Don't trade guys, hold. Every cycle you will be able to take some profit without breaking a sweat.

Honestly, I had to read your words in parenthesis twice. It made sense that there could be possibility of people with that thought pattern and I won't blame anyone for thinking so as market seems to most times be dipping than it's rallying up. Nevertheless, I think those who've that mindset should peruse historical data so they realize that there's always a post halving rally and we haven't seen that yet. 2025 is the year to be scared if we begin to see this pattern of range we've now. Until then, we aren't in the bear. It's just occasional price corrections we've.

You are right. It's great for accumulation and watching the market without any fear in fact, because you will buy X anyways no matter the price (BTC, in this example).
This way, you get a middle-ground in terms of price, and, better yet - you don't risk much (if we are talking about BTC which isn't eaten up by volatility).

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.

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. 
     

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.

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

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.

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

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.

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.

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.

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.

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.

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.

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.

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.

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

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

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.

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.

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.

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.

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.

I agree, because I believe. But even if it doesn't turn out as bright as you imagine, it's still some kind of adventure you'll be glad to have been a part of. I know we're getting million-dollar projections left and right but even 100,000 is for me a tough nut to crack.

Best thing about DCA is all these projections start to lose meaning after a while and then you actually have headspace for using Bitcoin. I always think too few people use the opportunities available to them to transact.

Anything that triggers my emotions negatively is mostly prone to be avoided by me, emotional instability can affect you in other walks of life and even have an impact in the way you attend to your daily activities.

I've attempted trading earlier in my life, but I found out that I keep on checking my trading app to ensure I don't loose and this greatly reduced my productivity. Tried it couple of times more, the patterns keeps repeating itself and I knew it was time to quit trading , lest I Might loose my career in the process.

That was arguably one of the best decisions I made as a human being as my life returned to normalcy and I'm doing better as an investor.

Thanks much, it is indeed a headache-free world and a reassurance that the future is bright.

Yea, there's no need of being shy to announce that I am a bad trader. Trading isn't fckn about only skills(the ability to read the charts and candlesticks) but has a deeper connotations with emotions.

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.

I got no interest in trading since you can't trade with a relaxed mind, you keep checking for some difficult candles and some events tho close markets and those stuffs, and you risk losing your capital at the slightest mistake. This doesn't make trading bad, I'm just expressing how bad I'm in it too.

I'm not cut out for those stress, I love investing and DCA is my pattern. It allows me accumulate without pressure, slow and steady I'll reach my goal. I have my target in mine and I'm focused and committed to it. I think that's more than enough for me.

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.

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

Too long (not really), didn't (really) read. But welcome to the club. Welcome to getting your life back, to finally acknowledging that you aren't a (good) trader, and that you can still load up on BTC over time, perhaps never be as fabulously wealthy as others, but ensuring that if your immediate future isn't so clear, then many cycles down the line, you (or those you care for) can protect yourself against the naughty ill effects of regular money.

The headache-free world of DCA is really quite something to appreciate later on.

I read the topic as "I AM DECAYING"
Maybe DCA-ing isn't the best sounding word if you want to popularize the DCA process.

You have a nice conviction there buddy. Wish I was that enthusiastic, but after years of holding I no longer have the need to stack. I have enough of my money invested in bitcoin, I don't need to add more. Maybe if I was making over $2k a month I'd consider putting some of it into investments, but I feel like I'm going to be more or less passive this cycle and go into spending mode starting next cycle.

You are doing the right thing now. Because you are a bad trader, and because of a small mistake in trading, all the money is lost,  you are a bad trader, and if you tread more so you have lost a lot of money. But before that you are out of trading. You have done a really smart job. Another thing is, you have taken the best decision, because DCA method is the best way to earn from Bitcoin risk free. Every failed traders should make such decision like you. Anyway now you go on your own way, investing and holding as much as possible. And keep it for a long time. You will see that at one stage it has given you more returns than you expected.

You have indeed taken a very good decision. Since you are a bad trader, you have made a 100% correct decision. You buy Bitcoin at average price using DCA method. Whether the price is low or high, you just keep buying. Hold it until the bull run starts. And since you said you're willing to hold it until 2030, you've got a lot going for you. Keep going buddy, keep buying as much as you can, just hold on and keep running this.

Perfection is what you’ve written out my dear in simple lay man’s terms, this should be the lyrics to all of us applying the DCA method.
Come rain come Sun we’ll continue applying the DCA method buying Bitcoin at whatever rate and HOLD not only for us but for our unborn children.

It is too perfect and it is like a story only.

We use money to purchase Bitcoin but we will need to sell our bitcoin in future. There is nothing like Buy in bear market, Buy in bull market, buy forever and never sell.

[ANN] JJG Sustainable Bitcoin Withdrawal Strategy that is one of idea for withdrawal of your investment.

Let me start by saying DCAing is very correct if you join it together, it's contemporary English, it doesn't have to follow the old rules. As for the discussion itself, well, you should first know the difference between trading and investment, for this, I do not see you as a bad trader but a bad investor. All your plans can only say of a desperate investor that doesn't have any regard for the investment rules, and this could also mean that you are just an extremist regarding Bitcoin, this is why you can be saying you do not care about the outcome but just invest. What if something unforeseen happened negatively and you lose too much?

This is why I like to always tell us the Bitcoin investors to cool down, we should think before we act and also see Bitcoin as an asset, and not one god-asset, otherwise, it will cloud our judgment and that can't be good. All assets have their good and bad days, which is why investors should be smart and not sentimental, even as we use our economic data and technical charts. The two will now agree for us to have reasonable investment decisions instead of just investing without a basis.

Fine, the DCA approach is a good one, and had it been it's the only one you talked about I wouldn't have given it much thought, but referencing Buy and Buy is not good for a serious investor, we should be ready to act appropriately. Even at this high level of Bitcoin, DCAing is increasingly becoming risky, although the downwards retracement from $71,000+ in a few weeks has limited the risk by a few.

That's the spirit of true HODLERS right there

I'm pretty sure some people with likewise mindset that got lucky enough to bag all the way from a thousand dollar a bitcoin to 70 thousand dollars a bitcoin are people with massive diamond hand that don't give a damn to the market price swings.
i've seen plenty of such stories in twitter, many of them believe bitcoin will go to millions ever since from the very start, which I admire because their patience truly pays off.

you know DCAing is also one way to be stress free from extensive behaviour of monitoring the market, sort of invest and forget it which I also personally do.

I don’t know who needs to hear this, but mining Bitcoin is a great way to lock yourself into dollar cost averaging. If you use your fiat to buy miners, you likely won’t regret it. While I think there’s nothing wrong with buying BTC directly, I think having multiple strategies such as mining and buying along with selling goods and services is a great way to make sure your stacking is diversified.

Exactly DCA is a risk management strategy used by investors, with DCA you don’t need to bother to look for a perfect price to get into the market, anybody that says they are DCAing amd losing are definitely doing it wrong like only buying the highs which is clear FOMO. My own personal DCA method is; I use like 70% of my intended funds to buy at the start of the my investment the remaining 30 percent is divided into three past each part is used when a dip happens. Until the entire portion is filled up, this gives you more of the coin than you would have actually got at a certain price.

Bitcoin at the current amount can only be accumulated with only DCA alone as the price is too high and it is also fluctuating again

You're a pretty bad trader buddy but trust me you're a good investor. In current market situation DCA-ING is the best strategy to accumulate more Bitcoin and hold those for long term.

Those who're good traders might be scared because the market is not moving according to their expectations but those who're good investors often buy at dips and follow the DCA strategy.

No one actually know that either the market will move upward or it will go downward but surely those who believe in Bitcoin will try their best to accumulate it no matter where the market moves.

Some people adhere to the principle that 1 btc is worth 1 btc forever. Regardless of the price - 1 BTC that you hold is still 1 BTC, so you will never feel a loss if you have a principle like that. The problem comes when you have different principles - of course 1 BTC is very valuable and has a high value. Price volatility makes its value in fiat fluctuate - so you will definitely feel a loss if you are still holding when the price has corrected.

One person regretted his decision of not selling btc at $73K when he realized the market had dropped to $60K. This is normal because after all the aim of investment is to get a profit or return. So now DCA - that's great, of course. Having bitcoin as an investment in the long term is certainly good - I would also prioritize it as much as I can afford.

I once had a friend who tried to argue with me about Dollar Cost Averaging. He said to me if you do DCA, you are going to lose more because the market will go up. I told him that it is wrong. Or maybe it was just a matter of semantics. With DCA there is no loss of any money, what happens is that the profit made is small when compared to if you invested a lump sum. I believe that the goal of DCA which I explain to him is basically risk reduction. It is in my estimation a risk management strategy and for asset like bitcoin whose price fluctuates, it is very applicable to it. I would rather choose small but steady profit over time than massive profit just once.

DCAing's impact will be seen in the long term. This is what's good in this market, you can be a good trader or a good investor. You choose where you are good at. If trading doesn't work for you and you're just incurring more losses, then you have to choose the other way which is by holding and investing. There's no limit in doing DCA and it's also helping you to be more consistent with what you do and with this, in handling money and that involves investing.

One thing I do not understand is why people who have money complain when bitcoin dips, why can't they see that's an opportunity for them? Long term holding of bitcoin always pays, you just got to be patient enough. I said people who have money, because I know holding is not easy for those who don't have money, but as long as you have a source of income, you should be able to hold bitcoin for a long term. It just requires planning, discipline and patience.

If you have a source of income, that's all the capital you need to have bitcoin. It's not compulsory to be a trader, just hold your bitcoin and make profit from it. All you got to do is DCA and be patient.

To make use of DCA pattern on our investment is a wise decision because it saves a lot in what we have allocated to be invested and we can also take is an another chance to safely secure our money or asset because of the upper edge in making bitcoin investment using this DCA pattern, if you're into this, then also learn to hold and be more productive in making an investment.

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.

Yea, I am a bad trader like GameKyuubi. My only saviour in this market is DCA. Do you DCA only at low? Do you know the low and the lowest of low? If you know the low, wait for it and buy there. But with DCA I don't care about the low and the high.

I have a question, BTC is at $61,895, is this low or high? If you say it is low, what will you call $32,322. If you say it is high, how about $75k and anticipated $100k. While you contemplate, I buy consistently without looking at the price.

You have already said it that you are a BAD TRADER  and that is why you will intentionally buy btc at a price that is high, perhaps you are a spot trader hehe. I think you are a spot trader who takes of delivery for buy or sell from the market daily because I don't know of a hodler who want to go into the market at anytime no minding if price has gone high and then wait for next four years instead of accumulating with DCA at a low price. So I'm not going to DCA during the time I know price has gone up only traders do that because they sell too at a little price change/difference.

Good for you, since you said you are a bad trader, so the best option is to DCA as much as you can keep accumulating bitcoin and stay away from fuds and panic speculations, because having a set time as per long term duration is what keep you at a save end all the way up,  at this point, any attempt to engage with the market either when bull sentiment or in bear race is an express way to lose your Bitcoin value.

Keep buying as much as you can and never let the fuds get to you, most of the times what I do is to set a percentage buying perimeter and a zero sell perimeter,  which means total sell in position so my bitcoin holding is always save and growing in bits.

I type the title twice because I am not sure if the word DCA-ing exist. I know of the DOLLAR COST AVERAGE (DCA), but I don't know if it will be correct in gerund form. w/e. Crashing in an inn while BTC is crashing. Some people are panicking because they don't know if the bull run has come and gone (The shortest bull run). 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. The weak hands will say IT'S GOING DOWN, I'LL SELL. You give your BTC at discount to the whales. For me, if BTC up, I'LL BUY, if BTC down, I'LL BUY. I am not lossing like you because I buy at HIGH and LOW (average). I don't buy with my house rent or with the bucks for beer. I buy with the money I was supposed to save in FIAT.
Now I don't bother if BULL RUN comes or not. If it doesn't  happen we wait for 2029/30.
I don't lose, you can only lose if you sell to traders. Remember BTC has halved again, it is more scarce and if you sell your children and grand children not gonna have any BTC left for them.

so i've had some bitters
actually on the bottle it's spelled Alamo bitters
w/e
sue me
(I'll pay during the bull run)

Reference/concept from: I AM HODLING