Topic: Which amount of money is good for me to spend on DCA? (Read 308 times)

I think that shouldn't be the right phrase to be used in this situation because despite the risks involved, Bitcoin investment is not directly comparable with gambling and that phrase is used for gambling since one can easily lose what they use for gambling while that's not the case with Bitcoin. It's better if we say that one should only invest what they know they won't need anytime soon because the market is highly volatile and it might dip after they buy and then they might have to wait for years before they can withdraw their money unless they sell at a loss.

Coming back to the topic, @OP, there is no specific amount that one can or should use for doing DCA, it depends on one's target and financial situation. If you can afford to use 100 Euros per week for it, that's great. Just make sure that you should stretch things out just to make adjustments for this.

I tend to agree with this, upon reading the OP thread this comes into my mind.
So, therefore, invest what you can afford not all your weekly or monthly earnings.  Might you come up with such a situation investing in Bitcoin your whole earnings and after a week you want to withdraw it even in a losing position.  

Invest in what you can afford in any amount and if you're doing this DCA method, isn't good if you buy weekly, it always depends on the market situation and the best points that you will enter.

Why do DCA just before the halvening? If the new cycle will be like the previous cycles, there's a high chance these are the last weeks/months when Bitcoin is at $40k and it will never drop this low again. Why not buy the amount you are comfortable with today, and DCA some other investment like your savings account?

DCA is just an advice that newbies give to each other without thinking too much.

There is quite a simple answer, only invest what you can afford to lose.  If you can afford to sell your car and buy BTC then do it.  If you can afford to sell your house and rent for a cheaper one to invest in BTC then do it.  What matters here is not the amount but the question if you can afford it.  Do those things without regret and be able to accept losses when the plan failed. 

As you can see, there is always positive and negative result, so one must be prepared for the negative result and will not be devastated if that happens.  So if all your plans are good and you are not hesitating and the money involved, you can afford to lose @OP, then go with your plan.  Hesitation when you are ready for the result will only bring you regret in the future.

Better yet you can talk it to your parents or your soon-to-be partner since they will be the next ones to be affected by your decision.

Of course, you can invest the way you do it, but it will no longer be a DCA. Using the DCA strategy involves buying in equal parts in a certain period of time. But if you have enough money and the price, in your opinion, is at the minimum values, you can follow the LSI strategy by buying Bitcoin immediately for the entire amount you have.

100 euros/week equates to 5200/year. If BTC stays where it is today, that is something like 0.15 BTC/year.
I've been shown spectacular numbers of people investing 25/week since 2015, and ending up with 4-5 BTC.
It makes DCA look spectacular but in my opinion they just ended up with significant BTC holdings because the price was 10x-20x lower than today.

Aside from my DCA strategy, I plan to keep enough money on the side (around 50k) so I can make a large purchase in case it ever drops back near 20k. I always buy per 0.1 BTC. If it ever drops near 20k I can buy 0.2 or 0.3.
My current goal is to slowly work my way to 0.5 BTC (coming from 0.3 now). If I ever get an opportunity to make it to 1 BTC cheaply , that would be fantastic.

We're 9 billion people on the planet now, and this number can double in 30 years.

In a utopian world in which every citizen is as rich as the other, and BTC is the reserve currency, everybody would own 21 million/9 billion = 0.002 BTC. I'm already 150x higher than that.
I believe that if I ever get to 1 BTC and it becomes globally accepted money, I'll easily belong to the richest 1% or even 0.1%.
Currently a million addresses own 1 BTC or more. That is 1 000 000 out of 9 000 000 000 or 1 out of 9000. Keep in mind that a large percentage of these accounts are already lost (keys gone, owner dead..) , making BTC even more scarce. I think the amount of accounts with 1 or more BTC that are actually accessible, is something like 1 out of 15 000. I don't know exactly on which percentile that would put an owner of 1 BTC, but it must be something like 0.001%

I take security very seriously. I have made a fake facebook profile to enter crypto groups and speak freely without tax agents tracing comments back to me. A few BTC whales have contacted me and gave me advice about how to protect my portfolio. Even though it means nothing compared to theirs.

For now I believe that the wallet that suits me best, is coldcard. I spent a week doing some research and this is my preference at this point.
I'm not planning on going into altcoins for now. And if I ever will, I will keep them in a different wallet.

My BTC purchase has been on an exchange for 1 week now. I know this is a "mistake". But even though the amount of money I put in is significant, it is not life changing. And I thought it was worth it to take some time to select the best wallet for me.

It will be coldcard. But when it gets here, I hope I can have physical contact with a coldcard user who can show me how to set it up properly.

From my own perspective and how I do my DCA most time, you can be flexible with your DCA in the sense that you can purchase Bitcoin depending on the amount that you can spare at any given period that you wish to Buy and still reach your goal successfully.
Don't make it too hard for yourself because investment is all about risking what you can afford to lose ,DCAing with 100 Euros more or less, only your pocket would determine what is good for you.

It all depends on how self-control is carried out according to wishes. Doing DCA with 100 euros may be easier, but it needs to be done gradually to accumulate more and more assets and get lots of profits when prices rise. Using this opportunity before the halving occurs will be very good, Bitcoin will go to a new ATH and make new history

Spending 100 euros for DCA every week may be sufficient enough, as long as you know the risk of your investment and you are investing the amount you can manage to lose. Otherwise, you will only regret putting that amount if you think you are not ready to lose your money. DCA does no matter on the amount being invested, but it's always on the consistency of your action, on how often you do it. So if you find that amount not an issue to you, so continue doing DCA with your weekly budget.

Any small amount will do with DCA. At the end of the day, after years of long term hodling, your investment from small amount is not small anymore, but big and massive like everyone's dream of owning.

Spending 100 euro every week is huger enough for DCA and to me DCA can only be applicable when the price of bitcoin is not stable, let say is going sideways whereby you don't know either to buy in large quantity and regret putting huge amount or whether to buy smaller amount of bitcoin and regrets why not putting huge funds to accumulate enough volumes of it. Other thing I will like to say is that do not be entirely depending on bitcoin progression or growth basically i can say that whatever news you may get today is purely on speculation and when influencers speculates much on bitcoin it gives high hope to newer investors especially when they don't make a proper researched before venturing into their investment journey.

No one can know your financial situation better than you do, and therefore it will be easier for you to make the right investment decision. And if 100 euros per week is not going to be burdensome for your budget, you should invest in Bitcoin. If you can allocate more money to buy Bitcoin, then you will need to use this opportunity.

Maybe you need to first learn about what DCA is all about, then you will understand the specific amount you can invest using this pattern, it's nothing than a simplified means if acquiring bitcoin to make you feels like it's been easy to accomplish acquiring and Investing at all convenience, it's all about a gradual process, you can leave your normal life and yet Investing without missing out opportunities in either ways there hen you understand how to make the balance, everything goes well with a long time plan in using this method irrespective of the time you invest.

Gonna go a step further, but since I can't provide any financial advice, what I want to ask is, how well do you protect your Bitcoin?

It is another thing you must keep in mind, regardless of your financial situation. The reason why I am asking is that Bitcoin is not as easy as "Buy it and hold it in the exchange". Exchanges are intermediaries essentially and if you don't hold the keys that unlock your coins, then if they just disappear, you will have nothing.

I am saying that, because from the numbers you posted, I reckon you have made a significant purchase.

I would like to choose a year with halving like 2028, 2032, 2036 and 2040 rather than 2030 that will be a bearish year. I disagree with your chosen year but perhaps you just saying the opnion and did not mind to take into accout halving year.

I agree with you that in future, when Bitcoin price is high enough, its market cap is big enough, it will have less growth with future halvings. Fortunately we are still early enough to accumulate bitcoins for our portfolios and 2023 or 2024 is not too late year to enter this market.

DCA https://costavg.com/

Given the rate of increase in the price of Bitcoin, these 8 years may be crucial because starting from 2030, Bitcoin will not increase quickly, which means that investments will be boring and closer to gold, so buying now is much better than buying a property as long as you plan to keep Bitcoin for more than 10 years. If you can get a zero interest loan, invest $10,000, and pay $1,000 a month, that will be better than DCA.

I would think differently, and you said you have 55K in savings already which means you can go all in now like buy for 25K straight and wait for the next 5 years that is definitely a lot more returns than investing every week a 100 but still it is your decision and how much you are willing to risk.

By going all in still you will have 30K balance left with you and the 400 euros that you want to invest can be used on your other chores but I will not be buying a car right now and just keep the old one for as long as it runs then buy one for the downpayment.

If you plan to keep accumulating Bitcoin through DCA for a long period, I suggest that you do a proper budget to identify the most convenient amount you can invest monthly. You should always have enough money that is sufficient to take care of your needs and that of your family. You should also have an emergency fund that will help in taking care of unforeseen needs in the future. Most people sell off their holdings because they are zealous to invest and fail to keep sufficient funds that will sustain them as they wait for the investment to mature. If $100 is convenient for you, I suggest you stick to it and you can increase the amount gradually in the future if your income increases.

How do you put a price on every ones pocket?
I think this is something you can’t average as there are levels to how much funds someone can acquire and be free about. Based on your research income class, you could define what amount might be okay with you for a periodic investment.
You just ensure your investing enough based on an expected outcome. You don’t expect to put so little within a time frame and be expecting explosive results in profit, it doesn’t work that way. Your capital is going to work in an undefined ratio to your profits.
So, you just ensure your putting in just about enough and be judicious in doing so.

However, I believe OP may have quite understood about DCA but he is confused whether to do it at a bullish market or bearish market. Regardless of the season, it is important to do DCA so you can consistently place a purchase and increase the volume of your bitcoin portfolio faster. And my only advice is that, only invest an amount that you can afford to lose, an amount that is not intended to pay your bills or buy a house or car. Otherwise, once your investment did not work as planned, your life will also turn into mess.

I agree when you said that doing DCA is not on how much you invest but on how consistent you are. If you are quite hesitant about 100 euros per week, then adjust it lower than that as long as you can perform DCA in a consistent manner.