Service or Bot for effective and timely DCA execution? - page 3.

BD Crypto

full member

Activity: 658

Merit: 158

BTC Rocks

Quote from: Alphakilo on June 19, 2023, 06:06:58 AM

. However, I have encountered a problem. I struggle to keep up with the schedule because I have many other commitments outside of the Bitcoin space. Sometimes, I simply forget to DCA at the time I blocked off on my calendar for it. This requires discipline, but fortunately, there is technology available to help. I am wondering if there is a service or bot that can assist with effective and timely DCA execution?

I think you should use Crypto Portfolio Tracker Apps like Coinmarketcap, Cryptowatch, Boockfolio . You can set reminder and they will send you notification about the price movement. It's very necessary when you are doing DCA to make your entry at a lower price. If you don't have much time to observe crypto movements then this way may help you a lot.
I also using Coinmarketcap as a portfolio tracker and as a reminder. When I am not active it sends notifications if price moves or hit my reminding price. You will find an option which is Price Alert to be updated with the price movements.

Queentoshi

sr. member

Activity: 924

Merit: 329

Hire Bitcointalk Camp. Manager @ r7promotions.com

Instead of waiting to start depending on bots to help you DCA due to your lack of diligence and commitment and also discipline, you can dedicate yourself and try to push yourself to develop the habit, so it becomes permanent. That is better for the future than looking for bots to help you. What if this bots if you start using it gets compromised and the DCA address changed by some kind of malware, you would loose money trying to DCA occasionally without you even knowing. If you want to be financially independent, you need to take your financial life seriously.

bitmover

legendary

Activity: 2352

Merit: 6089

bitcoindata.science

Quote from: Alphakilo on June 19, 2023, 06:06:58 AM

I have stepped up my game. For me, the best and least stressful method is the dollar-cost averaging (DCA) strategy, where I invest a certain amount of money periodically. However, I have encountered a problem. I struggle to keep up with the schedule because I have many other commitments outside of the Bitcoin space. Sometimes, I simply forget to DCA at the time I blocked off on my calendar for it. This requires discipline, but fortunately, there is technology available to help. I am wondering if there is a service or bot that can assist with effective and timely DCA execution?

If you don't geet time to take care of your money, nobody will do this for you. Not even a bot.

If you don't care of your investments, they will never grow as they could.

Get some time to take care of your money

hd49728

legendary

Activity: 2044

Merit: 1018

Not your keys, not your coins!

Quote from: Alphakilo on June 19, 2023, 06:06:58 AM

I struggle to keep up with the schedule because I have many other commitments outside of the Bitcoin space. Sometimes, I simply forget to DCA at the time I blocked off on my calendar for it.

Doing DCA at weekends when you have more time than other days. If you have time to use Internet, you can do DCA especially at weekends. Buying bitcoin only takes a few seconds on centralized exchanges or few minutes on Peer to Peer marketplaces.

You can set alarms on your phones, computer each weekend. Alarm will remind you to DCA Bitcoin.

Quote

This requires discipline, but fortunately, there is technology available to help

If you do not have discipline to DCA, you will not be disciplined enough to hold your coins.

Alphakilo

sr. member

Activity: 560

Merit: 265

I know that the Bitcoin halving is coming next year, and the bull run will follow after that, based on my research. Everyone is doing their best to prepare. As a small Bitcoin investor, I don't want to be left out either. I have stepped up my game. For me, the best and least stressful method is the dollar-cost averaging (DCA) strategy, where I invest a certain amount of money periodically. However, I have encountered a problem. I struggle to keep up with the schedule because I have many other commitments outside of the Bitcoin space. Sometimes, I simply forget to DCA at the time I blocked off on my calendar for it. This requires discipline, but fortunately, there is technology available to help. I am wondering if there is a service or bot that can assist with effective and timely DCA execution?

Topic: Service or Bot for effective and timely DCA execution? - page 3. (Read 407 times)