DCA is helpful to avoid FOMO, panic and you also have a thread about DCA.
This A Complete Guide for Cryptocurrency Newbies "The Best Way Of DCA".
You can continue that thread with your discussion about Dollar Cost Averaging and don't need to create this thread for discussion.
Even the thread about FOMO can be combined to your DCA thread but it's just fine if you keep them separated. I only disagree that you create this thread for discussion about a same thing.
Topic: "Lump sum Vs DCA" for Bitcoin Accumulation - page 4. (Read 663 times)
DCA is good, but there are sometimes that you will leave DCA alone and invest big amount. Let us say that you gave been DCAing since some months ago and the price of bitcoywkthon one week fall to $20000, if you have money that you can use to invest at once, you will not hesitate but invest it immediately becuase you have speculated that bitcoin price may not fall further.
DCA is good when you do not know if the price if bitcoin will not increase or decrease. Or if you do not have enough money to invest at once.
You may invest at once if you think the price of bitcoin is low.
Investors may go for either of the two, it is what the price of bitcoin is at that will determine that.
There is also a time that investing is not good, when bitcoin has increased significantly several times.
DCA is good when you do not know if the price if bitcoin will not increase or decrease. Or if you do not have enough money to invest at once.
You may invest at once if you think the price of bitcoin is low.
Investors may go for either of the two, it is what the price of bitcoin is at that will determine that.
There is also a time that investing is not good, when bitcoin has increased significantly several times.
DCA is good actually but not everyone knows how to use it. As for me I like DCA but for real i don’t really know how to use it, so I use smart portfolio.
DCA is good, but there are sometimes that you will leave DCA alone and invest big amount. Let us say that you have been DCAing since some months ago and the price of bitcoin within one week fall to $20000, if you have money that you can use to invest at once, you will not hesitate but invest it immediately becuase you have speculated that bitcoin price may not fall further.
DCA is good when you do not know if the price of bitcoin will not increase or decrease. Or if you do not have enough money to invest at once.
You may invest at once if you analyzed the price of bitcoin is low already.
Investors may go for either of the two, it is what the price of bitcoin is at that will determine that.
There is also a time that investing is not good, when bitcoin has increased significantly several times.
DCA is good when you do not know if the price of bitcoin will not increase or decrease. Or if you do not have enough money to invest at once.
You may invest at once if you analyzed the price of bitcoin is low already.
Investors may go for either of the two, it is what the price of bitcoin is at that will determine that.
There is also a time that investing is not good, when bitcoin has increased significantly several times.
Hi there! Hope Y'all doing well.
I would like to discuss this difference here with my respectable senior as well as the newbie members of the Bitcointalk Community. So, what you guys say why not we all should put some light over this discussion by sharing our opinion and knowledge along with our experiences.
Note: This thread may helpful to other member who just start their BitcoinBTC accumulation just now. So, Share your knowledge, opinions and experience accordingly. Many Thanks!
To be very honest, if i have to choose anyone of these i would choose DCA strategy Because we can never time bitcoinBTC market. We can just make some predictions by keeping in mind, Past behaviour & market sentiments of the BitcoinBTC along With TA and FA. i'm sharing my whole thread where i explained DCA technique with deep discussion rather than i explain the whole DCA strategy here again.....>>>A Complete Guide for Cryptocurrency Newbies "The Best Way Of DCA".
My opinion is to use DCA strategy for bitcoin accumulation because Bitcoin market sometime in dip and sometime in up behavior. we can't time the market anytime. So, while using DCA strategy we need to stay consistent and keep investing short amount of our money after interval of time "time interval can be weekly, bi-weekly or Monthly as well". In this way, we will get opportunities to buy dips and ups both being in the Bitcoin Market which at the end of the day gives us a good Average of our investment.
On the other hand, Lump-sum investment can be useful and maybe not. As i aforementioned that we can't time the market. So, what will happen using this strategy for BTCBTC accumulation? The person will buy Bitcoin at higher price or maybe at lower price with full of his investment at the same time. Sometime, he/ she fell prey to FOMO because he/she is waiting to see more dip for his accumulation of Bitcoin. In case, if it do not happen like price will not go more down he/she will miss his/her great opportunity of buying. Why i don't like Lump-sum investment because we have to invest our whole amount at the same time for accumulation of BTCBTC.
Many Of the people fell prey to FOMO while investing in the market and their way to accumulation of bitcoin. So, To overcome it you can read this thread as well because knowledge is the power in cryptocurrency world. A Guide for Cryptocurrency Newbies for Overcoming FOMO
End: it is my part over the discussion "DCA Vs Lump-sum" So, Please must share your thoughts, opinion & Knowledge over this topic "DCA Vs Lump-sum" to make this thread useful for me and my other beloved members of the Bitcointalk community.
I would like to discuss this difference here with my respectable senior as well as the newbie members of the Bitcointalk Community. So, what you guys say why not we all should put some light over this discussion by sharing our opinion and knowledge along with our experiences.
Note: This thread may helpful to other member who just start their BitcoinBTC accumulation just now. So, Share your knowledge, opinions and experience accordingly. Many Thanks!
To be very honest, if i have to choose anyone of these i would choose DCA strategy Because we can never time bitcoinBTC market. We can just make some predictions by keeping in mind, Past behaviour & market sentiments of the BitcoinBTC along With TA and FA. i'm sharing my whole thread where i explained DCA technique with deep discussion rather than i explain the whole DCA strategy here again.....>>>A Complete Guide for Cryptocurrency Newbies "The Best Way Of DCA".
My opinion is to use DCA strategy for bitcoin accumulation because Bitcoin market sometime in dip and sometime in up behavior. we can't time the market anytime. So, while using DCA strategy we need to stay consistent and keep investing short amount of our money after interval of time "time interval can be weekly, bi-weekly or Monthly as well". In this way, we will get opportunities to buy dips and ups both being in the Bitcoin Market which at the end of the day gives us a good Average of our investment.
On the other hand, Lump-sum investment can be useful and maybe not. As i aforementioned that we can't time the market. So, what will happen using this strategy for BTCBTC accumulation? The person will buy Bitcoin at higher price or maybe at lower price with full of his investment at the same time. Sometime, he/ she fell prey to FOMO because he/she is waiting to see more dip for his accumulation of Bitcoin. In case, if it do not happen like price will not go more down he/she will miss his/her great opportunity of buying. Why i don't like Lump-sum investment because we have to invest our whole amount at the same time for accumulation of BTCBTC.
Many Of the people fell prey to FOMO while investing in the market and their way to accumulation of bitcoin. So, To overcome it you can read this thread as well because knowledge is the power in cryptocurrency world. A Guide for Cryptocurrency Newbies for Overcoming FOMO
End: it is my part over the discussion "DCA Vs Lump-sum" So, Please must share your thoughts, opinion & Knowledge over this topic "DCA Vs Lump-sum" to make this thread useful for me and my other beloved members of the Bitcointalk community.
-snowpega-
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