Bitcoin Forum

DCA Na the best strategy for newbie to be able to accumulate enough bitcoin. As newbie wey never get idea about bitcoin, this method is less stressful compare to other method. In this method you no need to time the market before you  buy, all you need Na to ready your money ,make plans how you want take dey invest your money, weda Na weekly or monthly basis. Depending on how your income take they come. You go also plan how long u want hold the bitcoin bcos this method no be watin u want do for months, Na year matter be this, like 5_yrs or more depending on ur plan.
 DCA no be for people wey want make quick gain , so if u no fit get patience this method is not for you. why I said this method is best for newbie, be say as a newbie wey never get much idea about bitcoin to go do lump sum fear go dey your body  as newbie but with DCA you will be buying the bitcoin small, small until u done get enough for ur portfolio. this strategy go give u enough confidence, you can buy bitcoin at any time, even the price is up or down. so as a newbie u don't have to wait for the price of bitcoin to go down (DIP) before u start your bitcoin investment, DCA is there for u. lastly, in order for not to trade ur bitcoin at the early stage of your investment, you need to dey set aside some money( emergency fund) bcos nobody fit predict the future, you fit get some problem wey go want pressure u to trade your bitcoin when the time never reach for you to trade. this money will help u not to trade your bitcoin before the expected time.

DCA no be only for newbies but na for everybody, DCA good make we all dey do am and not to buy Bitcoin at a go. No be say that strategy no make sense but DCA make sense pass am because of some of the advantages of DCA. DCA go protect you from so many things like market volatility and you done talk them so I no need to repeat things again.


Invest only wetin you fit afford to lose and money wey you no go need for long time because things they happen wey go make you need money urgently.

Them say as you dey hustle, try dey keep money for problem because problem no they finish so if you wan invest, also keep money for problem or you go use your investments solve your problem. The problem no be to invest but you go fit hodl. I dey see people accumulate Bitcoin finish but problem go come carry all because them no plan for problem (raining days).

Na true you talk the DCA strategy no be for only newbies  one of the reasons why it is the best strategy for newbies be say, it allows newbies to start having Bitcoin even without attempting to have too much knowledge, the DCA strategy helps the newbies to start gaining the experience while already in the market and with the hope of learning and understanding others things along the line in their way up, the DCA strategy gives that peace of mind one needed to grow our asset by buying Bitcoin without thinking about the market price points and it also allows us to invest with an amount that we can be very much comfortable with. But however, consistency and planing to hold for long is the key note since plenty drops of water can make an ocean and that is how the effects of the DCA strategy works, the benefits of the DCA strategy are too numerous but just few to mention.

Anybody that is into Bitcoin investment and doesn't know about DCA method is no different from a newbie, as far as you are accumulating Bitcoin for the long term DCA remains the best method. The price of 1 BTC can be very discouraging for newbies who wants to start the investment because they might wonder how they can be able to afford to buy it but with the proper knowledge about Bitcoin they will understand that they can start to buy in satoshi. Bitcoin is a volatile asset and it's price can pump and dump so it is best to hodl on a long term and with DCA method you don't have to worry about dips and price corrections on the short term.

If your goal of accumulating on the long term is to be achieved then you have to do DCA method by buying periodically whether it is weekly or monthly to achieve the aim of multiplied profits in the future. It is also very important to put aside emergency funds so that you will not have the need to tamper with your investment fund when emergency expenses arises. Lastly Bitcoin investment is for people who have something doing that gives them money so it is not for the employed or people who can not put money aside from their income.

The DCA method of depositing bitcoins in any price scenario is highly effective and applicable to investors of all incomes. I would call this method the best and can be an effective method for Bitcoin growth if the investor is able to execute it regularly and long-term. Long term is a regular accumulation strategy of 4-10 years that you should keep a reliable alternative to floating cash to succeed in the field.

Another important advantage of the DCA strategy is that it keeps building large holdings in your portfolio in line with your family's day-to-day needs without causing investment stress or volatility. You can only go so far in investing when you feel no pressure.

No be lie you talk OP whether you be newbie or old investor DCA na the best way to gather bitcoins. I feel say many people no dey exposed to DCA strategy if not them for no suffer their self dey reason bullish or bearish season which one go better pass to buy. DCA be like easybuy without interest, you go dey buy wetin you want jeje according to your pocket make e for no choke you.

Aside knowing about DCA strategy in Bitcoin investment, I believe lots of person don already dey use the method for different field of savings because saving up small small cash from your actual income is something that any person who want to achieve a goal with that saving would do but just that it's quite lucrative and different with Bitcoin because with Bitcoin the money you save tend to gain value over time as the value of Bitcoin asset increase in the market.

DCA sweet but Bitcoin sweet pass, no mind me, na joke I dey so, but the truth is that DCA is most appropriate for all and not limited to newbies alon but as you take call newbies so e still follow for the matter because newbies need a lot of orientation to protect themselves from possible mistakes.

Buying Bitcoin but by bit with small small cash flow make sense pass make person just jump inside by buying large Bitcoin were him no go for hold for long, so for that when we say we wan DCA e mean say na money that is not needed that can be used to by during DCA process, so that pressure no go the dey on our initial capital on the long run.

So yes DCA is welcome to all and by all, both OGs and newbies, because Bitcoin sweet pass the pain of the process of accumulations of Bitcoin.

Omo lie no dey this one at all. I don see wrtin person fit use the DCA method achieve even if say the person never blow, him fit dey collect the coin small small with shikini money.  Sometimes I dey imagine say person been dey use this method dey buy $10 worth of BTC weekly from when person been dey school when awoof money been dey, by now person for no bother dey find work because money go dey to take start big business.

I go encourage us make we try dey buy Bitcoin dey keep using the DCA method. From that beer money you fit save small take buy Bitcoin and I tell you say that money fit save you tomorrow.

 Honestly speaking OP this thread wey u dope e really dey confirmable and no be only the newbies need to no the DCA strategy this is applicable to all the long term hodler's, from my little understanding of the DCA strategy na to help business people, investors, to manage their funds to use buy larger block of digital assets and others, e no really easy to tak commti money every week,months to use buy larger  amounts of bitcoin once but with the DCA strategy preson fit dey accumulate 10$ to 50$ depends on your earnings.

 Honestly speaking I don try this Bitcoin investments DCA strategy for one business savings like that and it really help me save up a huge amount of funds that time.

The first time I had of bitcoin accumulation i think the price was around 46k inside my mind I been say how newbie like me go tak pull out 46k once take hodl one 1BTC at a time it was somehow discourage as a newbie and if not that I was determined to learn about the investment and the long time hodl, I for run but when I had of the DCA strategy it really may my bitcoin accumulation easier and faster.

The good thing be say you no need get up to a dollar equivalent of 1BTC for your account at the time you wan buy Bitcoin, if na like that be the case, people for no fit de buy Bitcoin like that. The division of Bitcoin into smaller units of sats don make am possible to fit de buy am small small and with time, you go discover say you don already buy plenty Bitcoin.

DCA methord de applicable to newbie, old investor, rich investors, not too rich investors and even institutions and government establishment when de interested in buying Bitcoin. Na through that methord you fit de relaxed take de buy your Bitcoin and grow your portfolio even though you no too get like that. As our country be so when be say almost everybody de struggle, na through the use of the DCA methord when all the classes of investors fit still de buy Bitcoin from the little money when them de get so them no go miss from the benefit of holding Bitcoin most expecially for the long term.

Na correct talk be dis and na true say DCA strategy better by far pass lump sum strategy of long term investment. The only thing wey we go need to always remind ourselves of when we dey do DCA strategy, na to always apply security caution both with the wallets wey we dey use, how we keep the seed phrases, who we trust with such kind of secret of our investment plan.
As we dey keep emergency fund for one corner, make we also use our brain DCA small small, no need to make am big percentage so as e no go choke.

Op you have to know that DCA is a time frame investment you you have to know when money dey enter your hand so you go plan your DCA like that. If you dey received money weekly then you also plan in that way and if you are receiving money monthly you also plan like that. And there are two ways DCA is arranged. Either personal DCA or exchange DCA. Personal DCA na di one wey na you plan am by yourself. Whenever you get money you buy and if money no dey you leave.

But the exchange DCA na di one wey you dey buy from exchange and which dem don already arranged di plan for you and ur own na to only go there and deposit di funds as dem plan am for you. And DCA no be careful only newbies but old investors also make use of it to accumulate more coins to their investment wallets.

I agree with you. You don't need much money when depositing bitcoins with DCA method. If you have an alternative source of income and have extra money after household expenses, you can continue to accumulate bitcoins with it. Whether your investment strategy will be long-term depends on the amount of floating cash that should be combined with real assets to protect your holdings of Bitcoin. We can assume that the Bitcoin price trend will continue to increase in the future, so if you accumulate BTC on a regular basis through the DCA method, you can own a large stack and be financially profitable.

Why I like DCA method be say as you dey buy small small, you no go know when your bitcoin don reach a good quantity and you go begin wonder how he happen if na magic. The quantity of bitcoin wey you no go fit buy with your clear eye onto say the money go choke you, DCA go make you buy am without feeling anything. This method just be like say you get saving box  and any money wey them dash you, you go put am for there and after a long time when you feel say you need the money, you go break the saving box and e go shock you with how much wey you don pile up. The sweet thing with bitcoin own be say extra profit go come follwo.

Normally DCA strategy na for both newbie and the old investors no be for only some set of people. DCA Na the easier and best way to invest with ease, without much stress. The only challenge be say person need to get work wey E go dey do, sothat E fit dey invest for bitcoin. To invest for bitcoin need make person dey constant like to duty yourself say any money wey enter your hand you go try put some percentage for bitcoin for long as say you dey get steady money. But the problem be say if you no get work again base on how the country be, person no fit get that patient to HODl.

The aspect you talk say newbie go fear to buy lump sum, me I talk say na lie. Person fit be newbie for this bitcoin matter but no means say money no dey. Some newbie self get money to invest but them just need Orientation for where dem go invest. If the  person teach them the right way to invest, them go do well but where fear go catch dem na when dem no get person wey go guide them.

The reason why I said so is that ,let's assume say I introduced u to a new cryptocurrency that is not bitcoin and you don't have any idea about the coin  , and you HV upto 10 million and I advise u to do lump sum with 7or 5m even 1m self fear go dey your body bcos u are new to it.people go always fear to invest heavily on any business that dey know nothing about likewise cryptocurrency. DCA  strategy just dey like to start business with small money and be growing it with time .lump sum to newbie just dey like to go start business wey u no get much idea with big money and the confidence will not be there , that is while it is always adviceable to start business with small capital with bitcoin it is DCA that offers you this opportunity.

I actually agree with you post because I don check am on a personal norms, person wey never too tey for something no go get the confidence to do am with their full chest. Them go dey fear make e no turn to another MMM wey people lose wetin no nice. Just like them say " you no dey carry two legs test how deep river dey", so them go like anything wey be to put small small money to check as the thing dey work. Na why I feel say the DCA method wey be something newbie fit dey do with small small money go make sense for them pass to put big money at once.

DCA no be new thing for the crypto space wey people dey use to take gather bitcoin for forum. Na very nice starter wey dey help investors to take gather plenty bitcoin and keep while them wait for the big bull run to come for them to take cash out from their investment or keep for a longer time to increase their long term profit. Newbies wey wan accumulate bitcoin and get the idea of DCA, e go better make them stick to am because na only that method be the sure way wey go help you gather bitcoin whether your funds small or large for a start. DCA na general term for this forum now and almost everyone knows and sabi how them take they utilise am to gather bitcoin.

Anybody wey just wan invest in bitcoin, I go talk say na d best strategy be that, no be for only people wey just Dey join crypto.  If you be newbie, just make sure say you go learn something’s about bitcoin and crypto general, and if you wan start your investment, just make sure say na DCA strategy na him you go use, that one no really require much analysis. No be say you go need go Dey do analysis, just plan yourself with the amount you wan Dey buy either daily, weekly or monthly. Price of bitcoin at that Particular time no suppose be problem.

If we wan invest in bitcoin for long term me I Dey even recommend make our investment plan even pass 5 years, because sometimes 5 years fit no really day enough. And I go talk say if you wan invest in bitcoin, you need patience, if you no fit get patience, then bitcoin investment no really Dey for you. Most people wey Dey put money for shitcoins na because of quick profits wey dem Dey look for, but anything wey make you put money for bitcoin, then make we no expect quick profit.

If you no get emergency funds, then e go Dey difficult to hold bitcoin for long time be that now, because if problem happen, if emergency money no Dey, you no go get choice than to sell your bitcoin, and use money solve problem wey Dey, but if emergency funds Dey, then we no go even think about the investment wey we get incase if problem Dey.

The manner wey every person the talk about this emergency funds when referring to DCAing in order to garner some bitcoin portfolio, the thing come the look so scary putting myself in the body of a newbie and imagining it (despite say I know the significance of this emergency funds say we no fit overstate am in relation to having a successful bitcoin portfolio for a long time investment), say if I no fit afford to the make provision for emergency funds that means no need for me to develop interest in building a portfolio with this asset?

unless u are into trading that's when u will not talk about emergency  fund but as long as long term investment is concern u surely need an emergency fund in order for u not to trade the bitcoin in ur portfolio before the expected time.moreespecially if u are into DCA, u surely need an emergency fund.before u start an investment in bitcoin u must have a source of income and from that ur income that's were u carve out ur emergency fund.lets take for instance ur monthly salary is #100,000 , u can use #30,000 or less to do DCA, #10,000 or so for emergency fund and the rest for other expenses.so what u need to start ur investment is a source of income and then from there carve out an emergency fund thats all.

All of these details you don elucidate about nah something wey normally I get full awareness of but you it seem you never get the point I dey try to make with my question. As I talk for the first comment say I no dey doubt the place of emergency funds for long time investment but my question be say, base on adoption of bitcoin way we the clamour about, but don't we think that this idea of having emergency funds aside for those wey their source of income (salary) for the month fit only reach to take start building their portfolio and also feed from it but no fit manage reach to keep small part as emergency funds. Won't this context be a discouragement for them to go on with bitcoin accumulation ?

This your explanation really make sense, emergency funds na bettter back up plan when investor decide to invest inside Bitcoin. While the investor go chose to follow the DCA pattern na first to watch out him income and how him go use allocate monthly or household expenditures. Any investor wey choose to pattern with DCA suppose monitor him monthly expenses then decide how much go dey available to use they buy at that interval, e no dey extremely compulsory to allocate 30,000 according to your example because we all know how the economy dey, if alone no be big salary earners we no say even 50% no go reach us feed family so we fit just put am between 10%,15% or 20% on a normal standard when be say we really appreciate the effort to build our portfolio inside of Bitcoin.

True DCA is a common method that you use to accumulate Bitcoin and it's for the long run. Personally, it is helpful because I just put my mind out that every month this is the money I'm putting into Bitcoin, and I just remove my eye from what is going on in the market, whether it's dipping or not. I just keep accumulating Bitcoin over seven seven months to one year till I see a stable profitable market price or something like that if I wish to trade. This method helps me to eliminate the anxiety of the market dip and stuff. When you have a price you want to buy bitcoin at, let's say, $500 and you break it apart, $50 every week, it now becomes easy to pay.

So it makes it easier to accumulate Bitcoin and  It removes that fear of 'it's expensive, I can't afford it' By the time you keep putting in $50 or  $100 every week before you know it, you've gotten to the price that you want. So it eases tension in accumulating Bitcoin. It helps you not, budget your income allocation properly and grow in your Bitcoin investment. So yeah, we hear the word DCA very well from the forum, and it's an advisable strategy to try.

Yes there may be some confusion among the investors about the emergency fund but while investing he should remember that he should keep this fund only for real emergency needs as almost every people may have this fund even before investing. Experts advise that the purpose of having an emergency fund is to keep you more secure while investing and to encourage you to save more.

Another positive aspect of increasing the amount of emergency fund is that if you get bearish time for correction while doing Bitcoin DCA regularly, you can buy a lump sum of Bitcoins with floating cash which will increase your holdings. Also, each savings strengthens your underlying holdings and tends to reap multiple profits through patience during price rises.

There are various strategies to invest Bitcoin in cryptospace but DCA is considered to be the best strategy among them. I say this method is the best because now even low income people can invest through DCA method only if they have a proper plan. With proper planning, not all of the money you earn is used for household expenses. Some money is saved thinking about the future. We can freely invest with that extra money i.e. saved money. If we continue to invest in this way, it will be seen that after a long time the money that we used to deposit as FIAT is giving us more profit in Bitcoin investment. Since investing can be started by purchasing a small amount of Bitcoins through DCA, it is definitely possible to prolong the investment if there is a source of income for the investment, proper initiative and planning.

I understand wating hardyrobust they explain give you, na if u want use #50 start ur investment in bitcoin and e happen say na only this #50 be ur last card, out of this #50 u fit use #20 start ur investment and put the remaining one for emergency fund. Some weeks u fit still skip to buy bitcoin and to refill ur emergency fund. so this emergency fund no fit be discouragement to anybody wey want invest in bitcoin be it low salary earn. Even if na #20 u dey  earn and u done use #15 feed ur self and other expenses, the remaining #5 no invest all for bitcoin , u fit use #2 and put #3 for ur emergency fund.so any money wey remain with u after u done do all ur expenses no go put all for ur bitcoins, divide the money and put some for bitcoin them the remaining one for emergency fund.

The DCA strategy is a very nice strategy it helps to accumulate gradually, when I started Bitcoin investment I didn't know about DCA strategy I got to know about the strategy when I joined this forum and it has been really helpful to me, DCA strategy is very much useful when you are into a long term Bitcoin investment and not when you are into a short term Bitcoin investment the reason why I said so is because in DCA strategy is all about Accumulating little by little is not like lump sum strategy where you use a huge amount of money to buy Bitcoin and then hold I know very well that some people uses good amount of money to purchase Bitcoin weekly or monthly in the DCA strategy but is best for a long term Bitcoin investment.
Some people wait for a dip so they can accumulate with less price but that's not good at all because you may be waiting for a dip and no dip happens or it takes years before it happens so is best you accumulate using the DCA strategy.

Any anyone that still has doubts about the DCA method is not ready for Bitcoin investment because at some point on their investment journey, they'll definitely need to implement that strategy to help them recover lose overtime. I'm glad you've come to realize the benefits of this forum, I'm pretty sure lots of us never knew the DCA not until we learnt about it here and that's one good thing about this space there's lots to learn about Bitcoin and Cryptocurrency at large. Some investors might think it's better to wait for the dip to accumulate Bitcoin maybe due to fear of price drop but anyone who's used the DCA method in accumulating would understand that the dip is not a barrier to it and they'll definitely recover their lose so far the DCA is involved and they have stable income to keep up and moreover investors never can tell how much they would've accumulated while in the process of playing the waiting game so instead of waiting for something that might take a long period to occur it's best to buy at any entry and use a good method like the DCA to minimise lose.

You have broken everything down to how it becomes easy to understand. DCA no be do or die affair. The least $10 self fit be you accumulating capital weekly/Monthly depending on wetin you fit afford.

Before you accumulate, make sure say you no dey use money wey be say you go need anytime soon. If.you go use pressure go carry people money or the one you go need tomorrow go say you dey invest, before you know you no go get anything for savings again.

You fit no get job too and still dey accumulate based on the small small money wey you dey get from wetin you dey do but e go well pass to get a job before you begin start to dey accumulate.

For people wey no get job, you fit still invest by buying when you get better money instead of deciding to accumulate because accumulation needs a stable income first wey go fund the strategy.

The DCA strategy was not only designed for newbies but for everyone interested in accumulating bitcoin for the long term; sometimes newbies can even lump sum on bitcoin to increase the size of their bitcoin even when they are consistent with the DCA strategy. All the strategies for accumulating bitcoin are good, but one of the reasons why most people adopt the DCA strategy in accumulating bitcoin is that it helps to control the emotions of investors. For instance, if you buy bitcoin and the price dips, you will not be worried or think that you have accumulated bitcoin at the wrong time or regret that you would have waited for the price to drop before you would have accumulated it because the DCA strategy has you covered and it will still allow you to accumulate bitcoin in the dip, which will make you not be concerned about buying the dip if you don't have enough money to do that.

DCA depositors tend not to feel the need to wait for dips in price as they tend to continue depositing bitcoins from discretionary income regardless of price. It is a universal method that is the ideal investment vehicle for people of any income rich or poor. Yes, with this strategy Bitcoin investors can avoid getting too emotional during price rises because they invest with the goal of accumulating for the long term. One of the advantages of the DCA strategy is that it will show an average price over a combination of different purchase prices if your portfolio is consistently accumulated potentially yielding higher profits as your stash grows.

As a long-term Bitcoin investor it is important for you to keep a backup fund while continuing to deposit Bitcoins with the DCA strategy as this fund will protect your valuable investment in case of any emergency and can lead to a large holding in the long run.

I have really learnt a lot about the dca strategy  and am going to adopt this strategy in accumulating Bitcoin just like u said op that it involves gradual accumulation  of Bitcoin, this strategy i think is good for low salary earner since dey dont  need to start with huge amount of money.also this method is not for traders as they may not likely make enough profit from this strategy.