Bitcoin Forum

What motivates YOU to continue DCAing on a regular basis?

Do you ever consider putting a stop to DCA?

The motivation that keeps me to continue DCAing is the thought that I can lower the average price of the coin.  The thought of getting more profit each time I buy at a lower price when I decided to sell my accumulated coins.


Until I got no more extra funds to buy, that is my limit.

That sky is the limit whenever the market goes on bull again. Well, I don't DCA on a regular basis but when I've just got some money to spend for buying those coins that I like.

E.g. Bitcoin, Ethereum.

Not on my mind but I guess it's essential to stop when I don't have anything left anymore and will have to wait for those bought coins that I've accumulated during the bear.

I think this chart is an answer to your question and there is nothing else to add:

https://www.visualcapitalist.com/wp-content/uploads/2021/03/Purchasing-Power-of-the-U.S.-Dollar.jpg

-96% in 100 years.

Without investing you, all your saving value are continously going to zero. There is no reason for saving. Fortune saved today will be an equivalet of a car/bike for your grandson. You have to invest. But not only in bitcoin. DCA on Stocks/bonds/reits/commodities/bitcoin and real estate is a way. 

The point of DCA is that you put in money consistently regardless if you're bullish or bearish or whatever the common market sentiment is. If you decided to stop DCA-ing, why are you DCA-ing in the first place if you're less bullish on the asset just because the price is lower? It means you weren't even that confident with the asset in the first place.

I've made some money from DCAing before, so the thought that I can make some more from that strategy motivates me to seek coins to try that strategy on. DCAing is a good strategy when you are not so sure about a coin and want to reduce the potential risk of loosing all your money if it goes sideways, however you may have some regrets if the value of a coin you are DCAing gets unexpectedly high and you are pained because of the huge profit you missed if you had invested bigger.

I don't see any end to my DCAing, it is a strategy that works for me sometimes, I don't see any reason considering to stop it.

Honestly? No. I would never consider stopping because it seems to be working and why would I want to disturb something that has been working well for me? I get that the price could be down right now but even with this I am in profit, much lesser profit but still doing it alright and that matters to me.

I have done many other methods, I have done indicators and charts and data, everything I could and nothing gave me the profit that DCA gives me in the long run. I do DCA not only on bitcoin but on other coins as well. All of that returned to me with a great profit margin. If there was a bad result then I may have considered not doing it, but since it's in profit then I am doing it.

With highly volatile assets like Bitcoin DCAing is inevitable. For me on a long term investment goal it is highly strategic is helps in catching up with good entry prices in the downtrend. For as long as the downtrend exists i can't avoid to DCA until my fund gets exhausted and even yet if the down trend persist i don't mind taking profit while i strategize to join the trend in a better lows

If for me the price is cheap, I'm buying. And I also consider the money I am using to buy, if I know it is my extra money, I am using it for DCA.
There are a lot of ways how people do DCA and for me, putting stop loss on your entries on DCA seems not good because at the beginning you buy it for the long term and different prices, it's like getting the average price of your buys.
If you decide to do DCA, then expect that you will wait long term.

Knowing that one day we’ll see a new ATH gives the motivation. Since there will be another ATH, these price drops only create buying opportunities and DCA makes sure that you don’t miss them. That’s pretty much all about DCA’ing. High or low, you don’t care about  the prices and keep buying.

What people above me says about DCA is total right. Personally i do dollar cost averaging on mutual fund and stock market its relative stable.

And if you see tweet about micro strategy that the company buy bitcoin at DCA

I would say if you are into DCA then first of all choice of coin must be good rather then any of shitcoins in the market and have plans for long term not say 2-3 months of DCA strategy as price fluctuations would not give you any much profit.So for long term you can have more coins at an average price lower then the current rates and will have more profits.So make sure about this and you will gain profits through your DCA investment plans.

I don't know if my method is DCA or what else should I call it?
I have invested in BTC, profited from them. In the last bull, I sold all of my BTC. It was too early though. I was tempted to sell at $31000/BTC. I couldn’t think it can go such higher of $690000.

After that, I didn’t buy BTC anymore until recently. I have started buying BTC when it hit $20000. I'm now buying regularly, almost every week with a certain budget. I will be buying as long as I have cash + until the price is below $30000.
That's what my DCA is, would you call it DCA?  :D

As someone who is in the University/ Undergraduate, in investing or DCAing in stock market, do they require you to submit an information where a stable job is required? By this I mean, do I need to live paycheck to paycheck before the stock exchange can grant you to buy some stocks?

Thanks!

Tools for Dollar Cost Averaging (DCA)

• https://dcabtc.com/
• https://www.blockchaincenter.net/dollar-cost-averaging/

DCA with your own money and with your investment taste (long term perspective) and afford your lose at beginning.

Have your plan and last resort in case your investment fails. It means you should never use all of your capital to invest into anything and you should have a sort of capital part for expenses, just in case your investment falls to 0.

I am living in indonesia when i buy stock there no require paycheck or think like that but they need info about job, i write it as Freelance they still accept it, and the student still can buy a stock.

If you want buy US stock i have app called "go trade" you can search on playstore and appstore they only need KYC
You can use this link and get free 2$ in stock https://heygotrade.com/referral?code=568942 but as usual DYOR first :)

happy DCA-ing

DCA'ing, for me, is the best risk to benefit way to invest, especially in crypto and the stock market where you will find a lot of volatility (even more so among IPOs/ICOs and newer projects). But that really depends on how you plan to invest. If you like the spot market and you are a dedicated hodler (long term investor) then DCA is a good option for you. If you leverage or trade options or even daytrade on the spot market then DCA is pointless as you just risk it all anyway.

To each their own, I guess.

DCA is a specific strategy for investment, long term one. With long term investment, basic rule is invest with your own money. If you borrow money to buy something and call it as investment, you are wrong, it is speculation. Because it is for long term strategy, it does not match day trading.

Leverage? If you use leverage, you are speculating or gambling, not investing. In addition, a worse part if you DCA with leverage is you will lose you initial capital and the additional capital you use for DCA. In bad case, you will lose double or tripple of your initial capital because you DCA multiple times. Using leverage to DCA more, you will have higher risk and if liquidation comes, you lose more than what you should lose if you don't DCA with leverage.

It's 2022, who the fuck still DCA's in crypto. How the fuck are you still this poor lmfao. You should've made enough at this point for not touching your bank account.

I'm joking guys.

I think that dca isn't only about buying at a cheaper price and the op says on "a regular basis" so it means that you will do that no matter what the price are but as long as you still have a funds left. The obvious reason that can stop us to do a dca is when that fund allocated for dca has run out.

We can either wait again for some time to get another funds from our main jobs or other jobs (outside crypto) or we can also sell our coins at a much higher price and then start doing it again. Indeed that dca is the best to do nowadays not only for the sake of earning profit in the long term but also to earn a short term profit as well because the price takes too long to recover but it still fluctuates sometimes.

^ When the market has a continuous drop, DCAing is the best to apply when buying coins in the market. I think there is no point if when you will stop as long as you believe that the amount you have purchased is the amount that you can afford and are willing to wait when there is a profit, there is no need to stop. The possible profit may probably motivate you to continue investing in BTC in a DCA way of buying it.
Probably I will stop if my goal has been reached.

You always got me there when I didn't quote what you've said. Well, yeah, there's still a lot of us that do DCA and it's still one of the best strategies to make during this time.
We'll never know when the market will be up again so while the uncertainty is high, DCAing will have a lot of us save from that worry and as you think that you're going to save a lot for the next bull run, you're doing the right thing. And that's enough motivation already together with your experiences.

Because we are still not sure enough whether the price will keep dropping to a certain rate or not. DCA in Bitcoin will be worthy because ow the rate has dropped enough and the probability to drop again is still high. We are not really sure how the price will be at the bottom rate. But at least, if we are doing DCA, we can utilize every drop to collect more Bitcoin.
As long as I still have money for DCA with my continuous money management, I will still do it.

Buying or purchasing Bitcoin little by a little while has a correction is a wise decision and that's what we called, DCA (Dollar Cost Averaging).
And yes, that's a good action while Bitcoin continues dropping.  But of course, you need to watch the market closely because anytime there could be a huge fluctuation of the price and since it's unpredictable, there's no accurate prediction of where the price direction.

In long term, you didn't need this because all you've to do is to wait when your profit will come.

If I don’t have extra funds anymore per month, of course I’ll stop DCA but doesn’t mean that I am gonna fully quit. I would always find ways to increase my average income per month in order for me to maintain my commitment in doing DCA with Bitcoin every month.

My motivation is that I learned from my past mistakes in not accumulating Bitcoin early despite that it’s risky and has no promises or guarantees on the price movement. However, it has the capability to rise even stronger after the bear run no matter how long it will take for me to experience another bull run again.

One advantage to dollar-cost averaging which I love so much is that, by investing mechanically, you will be able to completely take out the emotional component of your decision-making. You will continue on a preset course of buying a certain and specific dollar amount of your preferred investment irrespective of how the price swings wildly. This way, you will certainly not bail out of your investment when the price goes down in a sudden wild swing, but you’d rather see it as an opportunity to acquire more shares at a lower cost.

Moreover the honest truth is, if you are an investor looking for a profit oriented strategy that cuts your investment risk, you might want to consider this strategy. Of course, while this strategy completely helps you better in managing your risk, you are also less likely to experience outsized returns which is one of the most credible reasons why I still stick with this strategy.

The process of dollar-cost averaging actually refers to the practice of investing a consistent dollar amount in the same investment over a period of time.

Doing this with sometimes different amounts, with no regular basis.
Actually, during this bearish market, we still don't know if the rate is the dip or not yet, or still continuing to the next bottom. That is why DCA is still valuable to be done. Although this may also involve risks because we can be too early to do DCA, at least we are doing this for long-term investment. So, we are expected to make higher profits withholding the coins (as long as that is a worthy coin, not shit coins).

truly, this is also what I do, it's wise enough because we are not too pushed to do it, still within our availability to do DCA and still make effort for this. As long as we still have free money to invest, why not? right..

DCA is good however keep in mind it won’t always work in your favor. Say you started to DCA since Nov 2021 you would be at a loss with every purchase.

Generally you should DCA in a down trending market like now. Don’t be like Saylor or El Salvadaor President who bought on the way up and they are facing huge losses at the moment.