Why DCA Strategy - page 3. | Bitcointalksearch.org

Oshosondy

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Gamble responsibly

DCA is very good, but in crypto, not good to use it after a massive bull market, because there can be bear market for months just like what happened this year. Anyone that DCA at the beginning of this year till now will really be sad until next bull market. It is good not to just invest at all at times.

Quote from: Mkelgodson on October 15, 2022, 03:59:18 PM

Quote from: ?? on ??

Very well said DCA is an excellent strategy but the best thing that you have told very clearly is that it's an "Investment Strategy" some people use this strategy in their trading as well which is absolutely foolish.

I didn't mention"trading" at all.

@teosanru. OP did not mention anything like trading, he talked only about investment and DCA means of investing in particular. Probably you misunderstood the OP because he created the thread on trading board but he did not about trading at all.

jossiel

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If it's not going to be working one for an individual, what would be the best for them? I don't think that there's other strategy that fits everyone's taste.

DCA is one of the best of it and it's very effective at these times.

Quote from: Mkelgodson on October 15, 2022, 02:48:02 PM

Lastly, the strategy can be applied in any crypto investment, bonds, stocks or any commodities. It's a fine choice! However, you can always stick to what is best for you as an individual.

Yeah, not just to accumulation of crypto but also other investment vehicles.

Mkelgodson

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Quote from: ?? on ??

Very well said DCA is an excellent strategy but the best thing that you have told very clearly is that it's an "Investment Strategy" some people use this strategy in their trading as well which is absolutely foolish.

I didn't mention"trading" at all.

DoublerHunter

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Quote from: Mkelgodson on October 15, 2022, 02:48:02 PM

~snip~
This strategy can be very effective if employed during bearish market.

^ The thing that I have known is that this is a very effective way of investing in potential crypto while there is a bearish market.
And that is definitely right, this investment method is like playing safe in the market, and if you don't know how to invest in the right position. Through this DCA way of investing you can manage your risk and possible minimal losses. This could be a good strategy if you are new in the market field.

Mkelgodson

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Dollar-Cost Averaging (DCA) is an investment strategy that is considered by many as a good and simple strategy, and widely in use by investors. It entails investing a given amount of money in a particular security for a given period of time regardless of price. Why most investors consider this strategy is a thing of curiosity.

You may want to know, it helps you develop self discipline (esp as a newbie) while considering the market and your tolerance to risk. Emotion can play a substantial trick in disadvantaging investment decisions. DCA can counter this impact.

Another good thing is that it lessens the impact of volatility as the total investment sum is spread over multiple purchases of the security. This strategy can be very effective if employed during bearish market.

Lastly, the strategy can be applied in any crypto investment, bonds, stocks or any commodities. It's a fine choice! However, you can always stick to what is best for you as an individual.

Topic: Why DCA Strategy - page 3. (Read 376 times)