Bitcoin Forum

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?

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.

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

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

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.

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.

I don't suggest using a bot even if there is. It's much better that you're there to buy personally on exchanges for DCAing. Why even if there's a bot, I don't suggest it?

It is because that what if that bot doesn't hit the market price that you're setting? Actually, you don't need a bot for this, you can setup a limit on exchanges that you're selling until it hits. As long as you set the price on how much you're about to buy, and when it's hit by that limit you set then it will automatically be purchased.

You don't need to spend for a bot because you can use feature of these exchanges if you're missing the time that you're about to buy.

DCA is a straightforward strategy and it is pretty easy to do, it isn't like day-trading that is time consuming and might require a bot to help you do it, all you need do is to decide how much Bitcoin you want to buy periodically and when you want to make the purchases, this definitely shouldn't take up too much of your time. Hodling Bitcoin requires you to have a high level of responsibility, thus if you can't remember to buy at certain intervals with your DCA strategy, you might struggle with the other important things relating to hodling your funds.
Accumulating Bitcoins via the DCA strategy entails that you buy at certain intervals, notwithstanding what the price is, thus OP doesn't have to care what their entry price is, they just have to buy at the periodic interval that they have set.

Do you use telegram on your phone? If so, you can use @skeddybot and put a reminder on the time/day you want to buy Bitcoin. It will push you a notification and the notification can be further activated after 5/10/30 mins so you don't forget even if you are busy at the exact time. It will be a great hand if you want to schedule something and want to do it in time.

Just set a reminder for your DCA every week/biweekly/monthly or whatever your plan is. You're adding unnecessary complexity with automation and potential security issues with something that you can just do in like 10 seconds every week/month.



Yea, there's no guarantees for that at all.

From what you are describing, any calendar app with alerts will suffice. No need to look for some specialized DCA reminder apps, which might not exist, or even carry malware. DCA is not some complex strategy that requires careful execution, and it's not a big deal if you miss some purchases, just compensate for it by making a bigger purchase the next time. Or just don't use DCA and invest all the money you plan to invest right now if you believe that a bull run is coming.

The solution is simple. Just buy less often. The optimal frequency is every time you get paid, but if that is too often then do it every other time, or perhaps even something like 4 times a year. In the long run, it doesn't matter.

There are and many. For the selection depends on each individual. I think what you're asking is good. Using bots can offer convenience by automating the DCA process. This allows users to set custom parameters and rules for purchases at pre-set intervals, which can save time and effort compared to executing trades manually.

Furthermore this also reduces the trader's emotional bias in manual trading. everyone knows, Emotions can influence decision making, including when to buy or sell assets. Bots can help reduce emotional bias by executing trades based on a predetermined strategy, eliminating impulsive or irrational decision making driven by market fluctuations.


That True, This causes additional costs, where there is more cost to be incurred for it and some bots may have a price tag or require technical knowledge to set up and maintain and the Bot operates based on predefined rules and algorithms and Excessive dependency and loss control means the trader relies completely on the bot for trading decisions and individual control over the investment strategy. But, the fact is that there are still many traders who don't want to be bothered and want to be simple and achieve their goals and objectives.

DCA are better on the dips, some weekends are bullish and some are bearish, to stay informed you need an alert software on dips, don't just buy every week because of DCA, make sure you buy when the market is in red.

Download Coinmarketcap app on your phone and activate the price alert, set to low price range around 23,000 to 25,000$ range and keep dollar cost averaging, it's better not to put all your money into the DCA, very small amount everytime, this is better.

The point of dollar-cost averaging is to make buys regardless of market sentiment, because people make bad decisions based on market behaviour. DCA-ers are highly more likely to outperform dip buyers when talking about the long-term.

If you have a Bybit account, then you can use this instruction: "Learn How to DCA Into Crypto With Bybit’s DCA Trading Bots" - https://learn.bybit.com/bybit-trading-bot/how-to-dca-with-bybit-dca-trading-bots/ In addition, I have met a lot of services that carry out coin purchases in accordance with your task. You will find such services very easily by using Google search.

Well my analysis of this aspect of your post that you encountered problem is likely to be in the area of finance to fund your DCA plan and not really on app that helps you to remember. If you have many other commitments, it may also likely be taking your fund sort of and that can also be the reason that you are struggling with your DCA and probably forgoing it at some point to run your finance on your other financial commitment. I will advise you have to carry lesser financial commitment that you can handle at a time or you do your scale of preference on order of priority for you, either to focus more on your funds for DCA or other financial commitments you are struggling with.

Exchange like Binance, Kucoin and Bybit already have a trading bot to do a DCA for you on the interval that you set. I'm using this bot on my trades since it just cost a very minimal fee for a stress free DCA over the crypto volatility.

Using this bot is the perfect solution to your problem. I knew that you already included this on the title which means that you are already aware on this service. But I don't understand the real concern here for your post because you already got the solution on your problem.

You are mentioning paid bots, not free bots in my opinion and the fee you're mentioning is additional fee from the paid bot. It will cost another fee together with trading fee on exchanges.

I don't think it is necessary to use those paid bots when you can just log in your account and check the price, set the buy orders to DCA. It does not cost you too many times and if you plan to DCA many times, doing it manually will help you to save fees from paid bots.

I see the demand from OP is too exaggerating demand and you can manually make it without big problems.

Exactly if you are not interested in looking for your investments then you should not bother to invest in the first place because DCA is like investing at some fixed intervals so you can take some minutes to buy bitcoins for the amount you have pre adjusted according to your plans.But no people are looking for bots do the work and this is where scammers take this opportunity and create some bots that will gain access to your wallets and drain it our even with your personal information.So we should take some responsibilities especially when we are dealing in risky market and digital money these bots don't work the way you expect them to work.

Actually, there is a tool out there but it happens on a centralized exchange and recently the exchange got sued from the SEC but here it is - https://www.binance.com/en/support/faq/what-is-spot-dca-and-how-does-it-work-27713d3ddb3c406da52f36b9aaaa1360 Im not recommend this but you may take a look

Tho the simple way just buy whenever there is free time or when you pay all the bill at the first month

What you are doing or planning to do is good dude, it's still quite a long month at least for us to accumulate Bitcoin and other cryptos that we think will give us a good profit after the bull run happens.

You can still do that even on your cellphone dude, you can open exchanges on either binance, Houbi, bybit and others as long as you have a data connection so you can buy Bitcoin or others. And it's also good that you can implement dca every weekend too.

is it because every weekend the chart tends to show a decline? I don't know why but my friends also say that. on weekends, there are quite a few friends who partially halt their trading. or more mana short for futures trading.
DCA will be great in the long term. but I'm not sure it's always going to be good for the weekend. I still think it's just a coincidence that some of the assets' value drops over the weekend. and it may not happen all the time.

I have used @skeddybot several times, and it is one of the best reminder tools available. Another service that the OP can consider, if they don't mind using an exchange, is the auto-invest feature on the Binance. With auto-invest, you can set a specific plan by choosing BTC from the options and creating a plan. For example, if you choose an amount like a hundred dollars in BTC, the system will automate the purchase for you. You can set it to occur weekly, say on Mondays, and even choose the specific time. Once you have finished setting it up, you will notice that it will dollar cost average and consistently buy a hundred dollars' worth of bitcoin every Monday without fail. If there are no dollars in the account, it simply won't execute the purchase. This is a service I know that can help someone efficiently implement DCA

You do not really need anything too fancy, just add a reminder on your Calendar app about buying bitcoin that day, now if your schedule is really that packed then it would be a better idea to make your buying period larger, so if you were buying bitcoin once every single week maybe you could change this to every other week or even monthly, this way you still get to execute a DCA strategy while at the same time you give yourself more room to do other activities.

Dear op, i think you just want to accumulate BTC as much as you can but you have to understand, DCA is not the only factor to raise the profit ratio what if you are doing DCA in bull run, of course the results will be far better with DCA unlike with no DCA. But my concerns are with  DCA in Bull run and bearish run.

AFAIK, there are so many bots and investment AI models in the market, but they are also paid, so you have to spend some money according to the luxury of the software or bot. But i do no recommend you to use these bots instead you should perform the analysis of market and after doing that you should set limits to buy and sell your order.

This is the best way to perform DCA, but still you are looking for bot then i cannot recommend you any because i have never used any.

What you will gain at the end of the halving is dependent on the type of coin you had in ur portfolio or wallet. If you have BTC in your plan, then right now is the best time, bitcoin price even went as low as 25k some days ago and today, it's back to $30k, that's good profit and I expect to see some big moves before halving and after halving and then comes the bull run.

If you have altcoins in mind, do that now that the market is shaky, it will help you when the altcoin season begin but they happend some months or weeks away after the halving event and from the way altcoins outperform bitcoin, you will make more profits in buying altcoins.

With your schedule, I don't think to buy a coin is that a difficult task that will you forget to follow a calender. Set up a timer and alarm to remember you, it will take maximum of 2o minutes to get that done in Binance exchange.

Why don't you use limit orders?
You may do it whenever you have time and spare money.
For example, if you have 500$ left, look at the charts and find a good entry point. Right now, BTC is at 30k$. So you may set 100$ at 25k$, 100$ at 26k$, and so on.

Wait and see. And then the next time you sit in front of your exchange, some limits are triggered and some not. So you may adjust them, leave like it is or add some more money if you like. Cryptos never go straight up or down. There are always chances if you are patient.
No need to hurry and no need to invest at a certain time. The key point is to optimize your average entry price. There are many more strategies to optimize this price. F.e. invest more on lower prices and less on higher. If you like, you may track your average entry price. And later on invest only, if price is lower or - of course - use charts to see which price to buy at. But do it only if you have time. If you are in a hurry, don't trade.

Don't use bots for that. It's not necessary but always a risk you may easily avoid.

No has to remind you to invest if you already developed the interest originally and acted on it. Bitcoin price is still climbing and can get up to 30k speculatively before December. It is advised to remember this and make it a priority, so as not to miss out on the next bull season after halving.
An alarm reminder might do just fine, asking your girlfriend or fiance to be your reminder might also work well, but if you do everything for yourself, I am yet to hear if any bot or A.I that has such capacity now. Perhaps Siri?

A programmer could easily make adjustments to an A.i to have such response, but the best way is to use sticky notes or calenders where you can see it and in the language you would understand better. No time to waste being lowsy on investments now because the world is yet to soon experience a world economic change, and those who has good investment are like going to be millionaires or billionaires in the nearest future.

That's the opposite of DCA.

I am using some Excel sheets to track the DCA of the bitcoins. I am investing 10$ every week in Bitcoin. Then you do not need any bot to do the DCA.

Steps :

1. Create an Excel sheet to track the current price, date, and Bitcoin amount.
2. Track the average price of the bitcoin.

Doing it manually is the best option. Depending on bots will only make it more difficult. Also, forgetting for 1/2 days won't make much different if your goal is long term. Some do DCA every day, every week or every month. But their target is always long term. That is why, if you have the same mindset and plan that requires you to buy every day or week, then some miss timed buy won't make much different.
But the problem occurs when people make a plan in which they had to buy every hour. That is something you can not keep up with while doing it manually. and for me, this plan is not that good. Price movements in hours will give you close to none profits and you will run out of assets to invest. In this process, you will also miss out opportunities that will come later on.
So make a good plan and stop relying on bots. Do it manually and keep a record of what you are investing. This will give you a better result when calculating the profits.

Why do you need a DCA tool for such a thing? Simple way can be to put orders in your buy book at lower levels so that they automatically get executed when the coin comes to thst. It's a better strategy as well because sometimes when futures gets liquidated the spot price falls too much but for such a small time that you won't be able to put a buy order at all, in such times it's easier if these orders get executed.

Buying Bitcoin isn't that time-consuming and I'm sure all of us will always have some free time no matter how busy we are. So that's it, your suggestion of using a reminder is already good. Indeed there is no need to complicate things when it comes to buying a Bitcoin and maybe it will only lead us for more losses if we insist because that software we are planning to use might be a scam or have some malwares injected to steal the cryptos in our own wallet. See, that's scary.

Automated software is still helpful in other demanding things like for example in trading. Some of us can't do trading full-time because we have our obligations outside, so we just use a trading bot.

I think it’s best you get started right away. I am not sure why you came up with the idea just now because DCA is something you should follow for many months to year. That’s the perfect range period when one can achieve high level of average. I mean you get to see highest and lowest levels during that much period. Just take an example of someone buying bitcoin since 5-6 years. They would have seen bitcoin averaging from as low as 7-10k and thus pulling down the price of their portfolio to lowest possible price. I think it’s best you keep this in mind when do the DCA. Also don’t try on bot or something. Bette go for the logical discussions on your own.

The truth is that DCA is the most profitable way to accumulate bitcoin, but if you have the cash, it is also preferable to acquire all at once. That won't prevent you from generating a return on your Bitcoin investment once you have the ability to retain it for a while.

However, if you don't have the cash on hand to buy right away and you genuinely don't want to miss the next bull run, as you stated, you need to rearrange your calendar and set aside time every week or month to buy Bitcoin and check wallets to ensure the protection of your assets. The truth is that even if I have a full schedule of activities, I always make time for what's important, particularly my investments.

There are some Services and Bots that help you with the DCA strategy, but I personally do not prefer to use such programs, but rather use DCA in the manual way, because I find some defects in the automated method.

For example, when using DCA, I do not have to stick to a specific price, but rather I can buy when it suits me. I buy within my price range on a specific date, regardless of the price.

In addition, I may not have the money at the exact price, or I may want to hold off a bit to get a better rate. There are a lot of influencing factors.

This is right because bots don't consider all those. What bot know is to follow the command activated. As a manual DCA buyer you are at liberty to take a decision to buy or hold on at a particular time, price or circumstances but I believe bot will always trigger buy if you have some fund enough there for the trade DCA. Manually you may have the fund but not emotionally balanced to buy and the negative factor about bot is that it lacks emotion.

It is not preferable to buy all at once, because if you do that then you are going to be upset when the price goes down. Instead, if you purchase bitcoin a bit once, and then keep doing the same thing over and over again whenever it falls then you are going to make a lot more profit.

People do not realize this and there are way too many people who use all their money to buy bitcoin right away, that is not going to be ideal in the end when the price goes down. Think about someone who bought bitcoin at 60k+, if they kept on buying more and more, eventually the price became 15k, so the average will be much lower, and either they could be in profit by now already, or they might be close to it at least, instead of being 50% down right now.

If you buy all at once, then you will be sorry if the price goes down. But, if you don't buy all at once, then you will be sorry if the price goes up. So, since you believe that the price is going up (at least in the long run), you are likely to do better if you buy all at once.

Another alternative is if you are busy on schedule or don't use some exchanges feature about DCA, what if left some limit order on some prices you want?
Let's say you decided to do DCA and already analyzed it too, then you know that you have a busy schedule, then use the limit orders of exchanges and set the prices on which want you to buy.

This time the exchange now are setting a up for their users to grab the chance when they hit the specified number which his just putting a limit on it they can automatically bought when the price reaches the settled ideal price by the user even in sell so you don't need to use a Bot any more this way another expensive on your side than use those funds for your investment OP

A good idea, however I wonder how busy can a person be to not be able to perform a DCA strategy? Even if we assume the strategy was performed each week, buying some bitcoin will at worst take you a few minutes, if someone cannot really spare a few minutes each week to perform this strategy then I wonder about their time management and how serious they are about this market.

As anyone that wants to reach some level of success on almost any activity needs to be willing to invest way more time than that.

I don't want any bots to authorize my funds unattended because I have so much faith that it will be fine all the time. I imagined what it would be like if all my bitcoins were gone sometime before I realized it.
I don't care about the real-life activities, if I make DCA a new commit then I definitely have time to make purchases manually no matter how it's set up.

I do not know how a bot could take money from your bank account to your crypto and buy? If you already have it in stable or something, then yeah surely you can do it, that wouldn't be that hard, hell put an alarm on your phone and buy it when you can, if you are unable at that moment, postpone it a day and try again and you will do it, it is that simple.

But, if the money is on your bank account like mine, then you need to just do it yourself and there is no bot that could help you, because no bot could take the money out of your bank account. I personally invest per month, no matter what the price is, and I have grown accustomed to it, that means I just do it automatically like a bot, and it doesn't really take longer than 10 minutes of my time once a month.

I don't think it's a good idea because you can buy at a high price if you use bots. Marking the calendar every week or every month will make you remember when you should buy Bitcoin with the DCA strategy. I also use that method and only need to view and monitor exchanges before I buy.

And if the price or trend is up by the time I want to buy Bitcoin, I will wait a bit. But if the price keeps increasing, I will still buy it because the DCA method uses a predetermined schedule. Other people may use DCA but in other ways. And it's true that it takes discipline to do DCA still and it's worth it.

You are on the right track using the DCA method but you need the discipline to stick to a schedule to buy Bitcoins. It takes practice so you can regularly buy Bitcoin in the present moment.