Buy the DIP, and HODL!

[JayJuanGee]

Isn't that part of the reason that we spend times in forums like this to learn those kinds of ideas?  Also we might have to spend time with our own papers and planning - whether we plan using papers or if we have computers and cell phones to help us to plan... We still might want to project out our income and expenses, and I frequently llke to do that for several months into the future, and the more complicated your income, expenses and/or investments, then the more you might be advantaged by projecting your income and expenses out into the future, such as using Excel and projecting out 2 years. .Of course, each of the closer months are going to be more important and more specific since those expenses have to be covered in a short period of time, as compared with the income and expenses further out is going to tend to be more general, and the further out time periods might have to be based on pure estimations if you do not have much if any job security.  Surely there is value in having job security, yet surely there is variation in job security too.. so a person might get a job that is fairly secure for 3-6 months, but there might not be a lot of assurance regarding what the income might be after those 3-6 months, so there may need to be some estimation regarding what they next jobs might be, and so I am not suggesting that everyone is in a similar situation, and surely guys have to try to adapt to their situation, and if they know that they have issues with lack of confidence in their income then they might need to try to figure out if there might be ways that they can improve the assuredness of their income.

Yes, it is the reason why we have such a discussion in this thread so that everyone can be able to bypass things when it becomes a problem in their investment. It doesn't matter what tool we are using to make our planning whether digital or on plane sheet. What is more important is that we have a certain target that we ought to meet while accumulating. If our present job becomes shaky then it is in our position to start looking for another time instead of waiting till we quit or stop the job. Expenses never end and sometimes some expenses come that we don't plan for and when it does, we have to be ready. There is not excused to stop accumulating Bitcoin. If we have skills, then we should reach out to more audiences to patronize us.

I got so much interested in the strategy that you plan 3-6 months ahead of the future. That is brilliant i am adopting it.

I tend to try to project my cashflow 12-20 months into the future, yet of course, the months that are closer are going to be more important to make sure that they are in order, yet sometimes we might be able to see cashflow crunch periods that go out into the future, and more so if we might have various kinds of debt obligations or we might employ debt in our financial strategies (cashflow management) or even if we have family type cost that come up down the road or even business type costs that might go quite a ways out into the future.

[ginsan]

whoever is using transaction fees as an excuse for not being consistent with his DCA is only trying to create excuses for himself and not looking for solutions to that short termed problem of transaction fee. Like you've said, the majority of us sometimes leaves our funds in exchanges for weeks pending when the fees will be more convininece for us before sending it out to a more secured wallet. It's not like you're unaware that it's unsafe to leave your funds in an exchange it's just the normal process you will get to experience as long as you're doing your DCA.

I think you are quite right, Transaction fees are not something that someone should take into account when they have implemented DCA. One reason I like DCA because we are consistent in routinely buying Bitcoin, regarding expensive withdrawal fees, of course there is an option to withdraw it once a month from the Exchange used.

DCA practice is very easy, only people find reasons for all ideas because they are inconsistent. If it has exceeded the 50th purchase, I think investors will not turn to other strategies. In the initial process, it is indeed very difficult, but if it is focused properly, our approach to Bitcoin cannot be separated anymore.

We are increasingly confident to continue buying even though the price is going up because the main principle of course to have Bitcoin is not in terms of its price. While there is time and while you still have a permanent job and while you have passive income, use the money to invest because at some point we don't know what will happen, but with our steps to invest in bitcoin, we have better savings that can be used someday or when we have reached retirement age.

[terrific]

The fees are only becoming a problem when the network is being spammed. But so far, there's no signs of it and hopefully they won't appear anytime soon.

There’s actually no problem with fees, if you find it quite expensive, then never decide buying at that moment. As simple as that, otherwise you are already at loss before you start making some returns. That’s why a lot have been trying to emphasize here that patience is the key. If you can’t be patient on your market entry and exit, you will never achieve your target profits in your investment.  And also, consistency in doing DCA will certainly lead to a massive investment. But still stick to the basic to always buy using your spare money, an amount that you can afford to lose.

Yeah, that's very simple. Do not proceed with the transaction if the fee is higher than the amount you'll send or when it's simply quite expensive.
I won't do it if that's the case but when I've got more funds to be sent and the fees are tolerable, I'd simply continue on that skip on thinking that the fees are expensive.
This happens when we need to withdraw and to sell for some important things that we need to deal with in our real lives. The fluctuation of the fees are there too, so being patient is also worth it if it's about the fees.

[promise444c5]

I personally prefer weekly DCA for newbies in order to encourage active buying of BTC, yet weekly buying still might not work for everyone, and surely someone who has $2k per month extra is going to be in a more flexible position as compared with someone who might only have $500 per month or even $50 per month extra.. yet decisions about whether to actively invest every week or every month is not ONLY based on their cashflow, yet when the amounts get to be really small, there can also be some issues with fees too.

Well, it's  quite true  and just like i said there's isn't anything actually wrong in buying monthly so far the input is consistent just that I also prefer the weekly compared to the monthly besides I'm also in my accumulation stage and the weekly buying method could improve the efficiency of price entry (though not always but most times it proves it worth) and about the fee I think that could also be put into consideration  but taking 4 inputs/per month shouldn't be to much to pull when the need for consolidation arises... though if compared to single input/address its quite preferrable over 4inputs/month but still there will still be  a need to consolidate  so I think the fee difference shouldn't be too much so far the inputs isn't much.

Let's try to be more realistic with our example.  Sure there are guys who can choose to invest $500 per week or $2k per month, but more realistically we have guys who might ONLY have $50 to $500 per month to invest, and they might have uncertainties with their cashflow too.

Noted!

[Sim_card]

Well, it's  quite true  and just like i said there's isn't anything actually wrong in buying monthly so far the input is consistent just that I also prefer the weekly compared to the monthly besides I'm also in my accumulation stage and the weekly buying method could improve the efficiency of price entry (though not always but most times it proves it worth) and about the fee I think that could also be put into consideration  but taking 4 inputs/per month shouldn't be to much to pull when the need for consolidation arises...  though if compared to single input/address its quite preferrable over 4inputs/month but still there will still be  a need toconsolidate so I think the fee difference shouldn't be too much so far the inputs isn't much.

I was also thinking that when you have many small UTXO that consolidation is good when TX fees get low, but I have come to realize that consolidation of transaction will only be helpful to those investors who are being paid in bitcoin direct to their private wallet.

A new investor who is using DCA to purchase small unit of bitcoin weekly will not be able to consolidate his UTXO because if he is buying fro an exchange which will be very discouraging for him to send immediately after buying when TX fees are high and that is why whoever is buying weekly from an exchange just need to relax for a while but keep on buying regularly and keeping it in an exchange till transaction fees are low again before he can send it to his private wallet.

[bubilas]

In the world of cryptocurrencies, it is very funny that this phenomenon is new in the world, and all the experience that we have in this area is unique and new. And it is cool! It is like we are pioneers. And it turns out that because of this, no one can predict anything in terms of the course of the Bitcoin price. Of course, you can compare attempts to guess the price of Bitcoin with stock trading, but I believe that these markets and their laws are not similar at all. Therefore, everyone buys for their own personal reasons and sells for them.

However, I am not buying Bitcoin now. The title of our topic indicates DIP, and I expect this bottom a little later, and I will buy more Bitcoin then.

What is being discussed here is beyond more than just buying dip. You can choose to learn new things here and get ideas that will benefit you in your investment. The choice is all yours whether you choose to wait for the dip or not. However, the thread did not focus on waiting for the dip because it is a bad idea. You can buy the dip even when you using DCA or any of your preferred strategies to invest. If you have been in this thread for quite some time. You will notice that many do emphasize not waiting for the dip before you start investing because if you do so you may never see the dip for you to buy and that will leave you no choice but to procrastinate in starting your investment.

You may be thinking that buying Bitcoin now is too costly for you and you could buy it lower. But there is something you should know about the market. The price now can be considered to be a dip in weeks from now, months, or years. And you start regretting that you could've bought now when you can. All Bitcoin prices in the past, all of them are not considered to be a fair price for buying so it is now. The best time to start buying Bitcoin is now as long as you can afford some fractions and gradually you will see what you will have in a a year or two. And that is the purpose of this thread. Bitcoin has gone through these prices, $100, 10k, 20k, 30k, 40k, 50k, and so on. All of those prices were considered so high then while people were buying without looking at the price some like you waited for the price to go down more. Now look at it it's better than what it was then. The same thing is possible to happen. So either you start investing now or you live to regret it later. It's your choice to make, dont be forced.

After reading more replies in this thread I realized that the discussion here goes beyond just buying Bitcoin, and the main accumulation method is DCA. Thanks for your clarification and patience in explaining, it's a pity that not everyone can treat newcomers in this thread so well. Well, as far as I understand, the DCA method has an interesting aspect regarding the fact that if you buy Bitcoin every month, then all such investors will still have different results, because there are thirty days in a month and, for example, two HODLers will have different results due to prices.

[red4slash]

I personally prefer weekly DCA for newbies in order to encourage active buying of BTC, yet weekly buying still might not work for everyone, and surely someone who has $2k per month extra is going to be in a more flexible position as compared with someone who might only have $500 per month or even $50 per month extra.. yet decisions about whether to actively invest every week or every month is not ONLY based on their cashflow, yet when the amounts get to be really small, there can also be some issues with fees too.

Well, it's  quite true  and just like i said there's isn't anything actually wrong in buying monthly so far the input is consistent just that I also prefer the weekly compared to the monthly besides I'm also in my accumulation stage and the weekly buying method could improve the efficiency of price entry (though not always but most times it proves it worth) and about the fee I think that could also be put into consideration  but taking 4 inputs/per month shouldn't be to much to pull when the need for consolidation arises... though if compared to single input/address its quite preferrable over 4inputs/month but still there will still be  a need to consolidate  so I think the fee difference shouldn't be too much so far the inputs isn't much.

It all depends on the ability when we are ready to do it weekly then it will certainly be very worth it to do but in some cases, especially for those who invest with the income funds that are owned from the salary every month then I don't think it's too imposing also when they don't make efforts to buy weekly and divert to monthly it is also still very worth it.

But when talking about the context of beginners in this case, sometimes the enthusiasm is still very big to try to collect bitcoin as much as they can so that per week it will not be a problem for them because after all they are excited to do it so they don't think too much the most important thing is to buy. This condition is normal especially since we must have felt the same thing where we never thought several times about buying when we were beginners so this kind of enthusiasm is quite good even though in some cases the intensity of purchases has decreased slightly for several reasons, especially as an evaluation but I think when we become a beginner, the excitement and enthusiasm in purchasing is very large indeed.

[Justbillywitt]

I agree with you that the important thing in bitcoin investment is the amount of income you earn and also the amount of bitcoin you are able to accumulate from it, but the aspect of waiting to buy every month end may not be the best option or that is not a wise investment approach. For me if a person recieve salary it is not good to invest once every month but we can mitigate the opportunity by splitting it across the week. For example if a person recieve salary at the first month of resumption, he can fix on how to split his fund into the following part, 1 for bitcoin investment 2. For emergency 3. reserved fund to use for the purpose of family expenses and also for buying bitcoin every week(DCA), buy the dip and of course lump sum till the next month of his salary which is the 4th week to enable him accumulate bitcoin at ease, than investing agresively and sell later due to lack of proper planning. Sothat he can take advantage of buying the dip in some week from his reserved fund than just investing once in Bitcoin and using the remaining amount on feeding and or meceleneous expenses. 

I see no reason dividing your your money to invest weekly since it will still amount to same figure, for example if you want to invest $100 monthly when you receive your salary you can just use it at once than dividing it and still use it to accumulate weekly,

That is exactly what the DCA strategy you have been hearing is all about, there is still need to divide the money especially if you are investing through the DCA strategy. There are 4 weeks in a month, and if the investor divide the money and invest it on weekly basis, he is doing that because he wants to buy at the different market trends of the month. The market won't be stable all 4 weeks of the month and he wants to make sure that he takes advantage of all different markets trends that will occur during the month, that's why the investor has to divide the money and invest it weekly. Unless the investor is not utilizing the DCA strategy to make his investment, that's when he won't need to divide the money and invest weekly. But so long as he is utilizing the DCA strategy to invest weekly, there is every need to divide the money.

the only time you should invest weekly is if you are receiving your salary on a weekly basis.

This is very wrong and it is misleading. People who receive their wages on monthly basis can invest on weekly basis and there is nothing wrong with that. Even people who receive their money on weekly basis can also decide to invest on monthly basis too. There is no law anywhere that said only people who receive salary weekly  should invest on bitcoin weekly.

 

When you receive your salary monthly and you decide to remove the one for Bitcoin and then divide it so you can then be using it to invest weekly there's a high tendency that you may even use it for another thing with the hope of returning it which may never happen there by reducing your accumulation percentage for the month.

That is why you should have your emergency funds and reserve funds in place before thinking of investing in bitcoin. When these funds are properly in place before you invest, you won't tamper with the money you've kept aside for your weekly investment.

[mamesso]

~Snip~

After reading more replies in this thread I realized that the discussion here goes beyond just buying Bitcoin, and the main accumulation method is DCA. Thanks for your clarification and patience in explaining, it's a pity that not everyone can treat newcomers in this thread so well. Well, as far as I understand, the DCA method has an interesting aspect regarding the fact that if you buy Bitcoin every month, then all such investors will still have different results, because there are thirty days in a month and, for example, two HODLers will have different results due to prices.

Of course, we believe more in the long-term potential of Bitcoin than other Shitcoins. The DCA method is superior to many other strategies, that's why here we recommend this method more especially for Investors who are just starting to invest in Bitcoin. The convenience offered by DCA is unlimited, anyone can use this method without having to consider how much capital they have and it does not require a certain amount of time. In addition, it can help investors control their emotions and avoid impulsive decisions that can be detrimental.
By investing small amounts of money at regular intervals, investors will avoid decisions driven by greed or fear, such as buying when prices are rising or selling when prices are falling.

[Furious 7]

whoever is using transaction fees as an excuse for not being consistent with his DCA is only trying to create excuses for himself and not looking for solutions to that short termed problem of transaction fee. Like you've said, the majority of us sometimes leaves our funds in exchanges for weeks pending when the fees will be more convininece for us before sending it out to a more secured wallet. It's not like you're unaware that it's unsafe to leave your funds in an exchange it's just the normal process you will get to experience as long as you're doing your DCA.

I think you are quite right, Transaction fees are not something that someone should take into account when they have implemented DCA. One reason I like DCA because we are consistent in routinely buying Bitcoin, regarding expensive withdrawal fees, of course there is an option to withdraw it once a month from the Exchange used.

What is the worry of transaction fees because it will not change anything in the view of DCA because looking at the current situation we can even see that even though the transaction fees after halving there were some uncontrollable moments but in the end now the transaction fees are back to normal and even look very comfortable to use anything.

Things like this will not be a reason for someone not to do DCA because after all, many of the excuses used are only one of the reasons for those who are not serious about investing so they look for their own reasons not to do it such as transaction fees that are too expensive or the classic reason where they say the price of bitcoin is too high and it's too late to be in it.

Whereas if they are serious about doing it regardless of the price when the goal is for the long term then everything will look as planned especially since the current btc progress is still very good and the future prospects still look bright. although we cannot know the future but of course reflecting on the historic past then there is nothing wrong with staying in btc to support the future.

[Litzki1990]

However, I am not buying Bitcoin now. The title of our topic indicates DIP, and I expect this bottom a little later, and I will buy more Bitcoin then.

How ever any body can choose to do what he/she  chooses to do as long as Bitcoin investment is concerned. But the first best time to accumulate Bitcoin was yesterday the second best time to accumulate is now because procastination can make you not to accumulate at all. What if you are waiting for Bitcoin to dip before accumulating and what if Bitcoin didn't dip at the moment you will see that you have missed out opportunity of accumulating Bitcoin when you should done that.

You usually never think about selling, we just need to buy bitcoins and hold them for a long time. In this case we will choose DCA method but there are key techniques in DCA method which must be followed. A new investor cannot directly buy bitcoins, he must follow these rules and accumulate bitcoins in small amounts. 

In this, his accumulated bitcoins will only grow as time passes, thus he can convert his bitcoins into bigger numbers after a long period of time. So to sustain this Bitcoin investment for a long time DCA method must be held and in the moment of money crisis it is possible to invest with any amount of money, only the investor taking the risk to invest Bitcoin is the biggest challenge. So we will discuss how Bitcoin can be held for a long time.

There is always a need for money in people's life, so even if you invest for the purpose of long-term investment plan, many times it is seen that due to excess financial needs, you have to sell investments to meet your financial needs despite your own will. This is almost the case with most investors. Since we need money at any time, we need to make some changes in our investment strategy by thinking about our investments and considering our financial needs.  

For example, instead of investing all of your remaining money, the remaining money should be divided into two parts, one part should be kept in a savings account and the other part should be invested. If the investor adopts this strategy in the case of investment, it will be seen that when his financial needs appear, he can withdraw money from his savings account and spend that money on his needs, but he will not need to sell the investment. Many may question that the amount of money that is left at the end of the month is not much, how will he save money from that limited amount of money and maintain the consistency of investment. If anyone is thinking like this then I would tell you to divide your minimum amount of money left over after spending it into two parts. Because there is no obligation to invest in DCA investment strategy that requires you to commit huge amounts of money.  

Invest according to your ability and try to maintain the consistency of your investment for a long time, then you will see that the amount of money that you think is minimal amount of money becomes a huge amount at the end of time.

[Tmoonz]

However, I am not buying Bitcoin now. The title of our topic indicates DIP, and I expect this bottom a little later, and I will buy more Bitcoin then.

How ever any body can choose to do what he/she  chooses to do as long as Bitcoin investment is concerned. But the first best time to accumulate Bitcoin was yesterday the second best time to accumulate is now because procastination can make you not to accumulate at all. What if you are waiting for Bitcoin to dip before accumulating and what if Bitcoin didn't dip at the moment you will see that you have missed out opportunity of accumulating Bitcoin when you should done that.

You usually never think about selling, we just need to buy bitcoins and hold them for a long time. In this case we will choose DCA method but there are key techniques in DCA method which must be followed. A new investor cannot directly buy bitcoins, he must follow these rules and accumulate bitcoins in small amounts.  

In this, his accumulated bitcoins will only grow as time passes, thus he can convert his bitcoins into bigger numbers after a long period of time. So to sustain this Bitcoin investment for a long time DCA method must be held and in the moment of money crisis it is possible to invest with any amount of money, only the investor taking the risk to invest Bitcoin is the biggest challenge. So we will discuss how Bitcoin can be held for a long time.

There is always a need for money in people's life, so even if you invest for the purpose of long-term investment plan, many times it is seen that due to excess financial needs, you have to sell investments to meet your financial needs despite your own will. This is almost the case with most investors. Since we need money at any time, we need to make some changes in our investment strategy by thinking about our investments and considering our financial needs.  

For example, instead of investing all of your remaining money, the remaining money should be divided into two parts, one part should be kept in a savings account and the other part should be invested. If the investor adopts this strategy in the case of investment, it will be seen that when his financial needs appear, he can withdraw money from his savings account and spend that money on his needs, but he will not need to sell the investment. Many may question that the amount of money that is left at the end of the month is not much, how will he save money from that limited amount of money and maintain the consistency of investment. If anyone is thinking like this then I would tell you to divide your minimum amount of money left over after spending it into two parts. Because there is no obligation to invest in DCA investment strategy that requires you to commit huge amounts of money.  

Invest according to your ability and try to maintain the consistency of your investment for a long time, then you will see that the amount of money that you think is minimal amount of money becomes a huge amount at the end of time.

All your narratives seems to be directly describing the importance of an effective financial planning and allocation which prioritize or emphasize much on the vital roles and importance of an emergency and reserve funds with their unique functionalities towards achieving a smooth running investment. By definition, it is expected that one should work towards building an emergency fund somewhere between 3 to 6 months of their living expenses, it serves as a save heaven, an investment cushion and safety net for an unforseen contingency or unplanned expenses as not to disrupt investment plans  when an unplanned expenses arises.

Surely the DCA strategy really has brought hope to investors that doesn't have much to buy in a larger quantity at once by allowing them to invest with an amount that they can be comfortable with, whether weekly or monthly based on the income flow, of which consistency is the lead way as it can takes plenty drops of water to make an ocean.

[Jewan420]

It all depends on the ability when we are ready to do it weekly then it will certainly be very worth it to do but in some cases, especially for those who invest with the income funds that are owned from the salary every month then I don't think it's too imposing also when they don't make efforts to buy weekly and divert to monthly it is also still very worth it.

But when talking about the context of beginners in this case, sometimes the enthusiasm is still very big to try to collect bitcoin as much as they can so that per week it will not be a problem for them because after all they are excited to do it so they don't think too much the most important thing is to buy. This condition is normal especially since we must have felt the same thing where we never thought several times about buying when we were beginners so this kind of enthusiasm is quite good even though in some cases the intensity of purchases has decreased slightly for several reasons, especially as an evaluation but I think when we become a beginner, the excitement and enthusiasm in purchasing is very large indeed.

When a person is managing investments through DCA method, he should be given full freedom to decide whether to do weekly DCA or monthly DCA if he does not seek advice. He can take decisions based on his ability. If he is monthly salaried then he can choose monthly DCA or if he is weekly salaried then he can choose weekly DCA. Again he can decide the time of purchase depending on his decision ignoring the time of salary. He can manage his investment depending on his personal opinion keeping in mind the characteristics of DCA in investment. I urge you to give him full freedom as to how often he buys. But if one plans to make frequent purchases, he should be advised, as frequent purchases will increase the amount of fees. Although I use and love DCA monthly, a person should not buy more than 4 times a month. It is better to buy at most 4 times a month or less. Here you can take decision independently.

[Popkon6]

The more serious the investor is about his investment, the more serious the investor is about his DCA investment. Here from a low income person to a high income person everyone gets the opportunity to invest in the same strategy so this investment strategy is considered as an effective investment strategy.

I would like to add to your points that once they start investing in Bitcoin using the DCA strategy, they hold the investment for a long time and see huge benefits. Not only that, the process of investing using this DCA strategy is usually one of the methods of holding Bitcoin.

 If you notice, everyone will understand about this investment, because if you invest $100 every week, you can hold $400 worth of Bitcoins in a month. And that's $4800 a year you can invest, and this DCA strategy saves on the purchase price, so if you invest this bitcoin you'll get 1 x 2x growth at the end of the year. Because the price of Bitcoin is upward the more you invest the more you can see here and if you can hold your investment for a long time then you will accumulate the maximum amount of Bitcoins and you can be marked as a successful investor.

[Marvelockg]

The more serious the investor is about his investment, the more serious the investor is about his DCA investment. Here from a low income person to a high income person everyone gets the opportunity to invest in the same strategy so this investment strategy is considered as an effective investment strategy.

I would like to add to your points that once they start investing in Bitcoin using the DCA strategy, they hold the investment for a long time and see huge benefits. Not only that, the process of investing using this DCA strategy is usually one of the methods of holding Bitcoin.

 If you notice, everyone will understand about this investment, because if you invest $100 every week, you can hold $400 worth of Bitcoins in a month. And that's $4800 a year you can invest, and this DCA strategy saves on the purchase price, so if you invest this bitcoin you'll get 1 x 2x growth at the end of the year. Because the price of Bitcoin is upward the more you invest the more you can see here and if you can hold your investment for a long time then you will accumulate the maximum amount of Bitcoins and you can be marked as a successful investor.

Bitcoin is a volatile asset and so there's no guarantee that you will get 2x or above that amount from your investment at the end of the year. Realistically, thier might be years when we are not all that profitable with our investment and Bitcoin might remain at a certain range of price for a long time during some years before we tend to see anything close to 2×, 3× or so as you may have it.

That's basically the whole essence of long term investment and the application of the DCA methord in doing so because while you're investing for the long term, even when you don't see yourself in a good profit at certain time, you just take it as an opportunity of buying more Bitcoin and to continue doing your DCA till you reach your accumilation goal.

The experiences you get to encounter throughout your accumilation journey helps build you to become a better investor that's not just relying on investing and seeing profit too soon like some short term traders do. DCAing for the long term helps you to witness the bull, the bear, effect of government regulations on Bitcoin and also to witness times when you're tempted to sell because you're in profit or because others are selling and you have to deal with your emotion and keep on buying your Bitcoin.

[reagansimms]

The more serious the investor is about his investment, the more serious the investor is about his DCA investment. Here from a low income person to a high income person everyone gets the opportunity to invest in the same strategy so this investment strategy is considered as an effective investment strategy.

I would like to add to your points that once they start investing in Bitcoin using the DCA strategy, they hold the investment for a long time and see huge benefits. Not only that, the process of investing using this DCA strategy is usually one of the methods of holding Bitcoin.

Simply put, DCA is an investment strategy by investing some money routinely without having to consider market conditions in detail, the investor focus will be on periodic purchases of the same amount without looking at the price. So, instead of investing a large amount at once, DCA allows investors to invest part of their funds in Bitcoin regularly over a period of time without requiring much consideration. This strategy is also very easy to do because it does not require a lot of market analysis, investors only need to determine the goals, targets and investment period.

[cryptoWODL]

Simply put, DCA is an investment strategy by investing some money routinely without having to consider market conditions in detail, the investor focus will be on periodic purchases of the same amount without looking at the price. So, instead of investing a large amount at once, DCA allows investors to invest part of their funds in Bitcoin regularly over a period of time without requiring much consideration.

Dollar Cost Averaging method is a recommended investment strategy, through which the method to invest is to be ready to buy immediately without waiting for the upward and downward trends of the market, i.e. be ready to buy Bitcoin in any market situation. Depending on your income stream on a weekly or monthly basis, instead of investing huge sums, you can comfortably invest as much money as you can afford. Before investing financial management is necessary to help you continue investing without fear of regret.

This strategy is also very easy to do because it does not require a lot of market analysis, investors only need to determine the goals, targets and investment period.

Yes the DCA strategy is very simple even investing in this method does not require a lot of experience about Bitcoin if the person has a certain source of income to invest, proper planning, goals and his market analysis skills. It is important for any investor at the initial stage to have a little knowledge of market analysis.

We can observe these to invest in DCA method;
1. Gain a little experience with Bitcoin before investing.
2. Fixed source of income i.e. ensuring financial management.
3. Being ready to buy immediately (in any market situation)
4. Creating a mindset to hold investments for the long term with patience.

[sotelorene]

But what I have always felt that is important to everyone (no matter your class), is the income you earn. If your income is good enough (assuming a monthly income), then you can choose to buy once and wait patiently till you receive the next salary before buying again.

I agree with you that the important thing in bitcoin investment is the amount of income you earn and also the amount of bitcoin you are able to accumulate from it, but the aspect of waiting to buy every month end may not be the best option or that is not a wise investment approach. For me if a person recieve salary it is not good to invest once every month but we can mitigate the opportunity by splitting it across the week. For example if a person recieve salary at the first month of resumption, he can fix on how to split his fund into the following part, 1 for bitcoin investment 2. For emergency 3. reserved fund to use for the purpose of family expenses and also for buying bitcoin every week(DCA), buy the dip and of course lump sum till the next month of his salary which is the 4th week to enable him accumulate bitcoin at ease, than investing agresively and sell later due to lack of proper planning. Sothat he can take advantage of buying the dip in some week from his reserved fund than just investing once in Bitcoin and using the remaining amount on feeding and or meceleneous expenses. 

I see no reason dividing your your money to invest weekly since it will still amount to same figure, for example if you want to invest $100 monthly when you receive your salary you can just use it at once than dividing it and still use it to accumulate weekly, the only time you should invest weekly is if you are receiving your salary on a weekly basis and from your analysis you did talk like someone who remembers that when ever we receives our salary the first thing we should do is to remove money for the running of the house like paying of taxes, electricity, water, stocking the house with food, paying rent etc, then Discretionary income being the one lift should be used to invest in Bitcoin.
When you receive your salary monthly and you decide to remove the one for Bitcoin and then divide it so you can then be using it to invest weekly there's a high tendency that you may even use it for another thing with the hope of returning it which may never happen there by reducing your accumulation percentage for the month.

I  think you misunderstood him or her, the money you are dividing it's more like keeping the emergency fund Incase there's a challenge or maybe a Dip in the market you can take advantage and I think it's a wise idea I mean a nice strategy. Since the person is a salary earner definitely there will be money for next month to accumulate but remember the lower your investment rate the more time it will to take to accumulate enough Bitcoin stash and the higher the investment rate the faster one will accumulate enough Bitcoin stash in their portifolio and the higher the risk if your source of income is not stable. And investor should always think and check before executing any plan.

[Ruttoshi]

Yes the DCA strategy is very simple even investing in this method does not require a lot of experience about Bitcoin if the person has a certain source of income to invest, proper planning, goals and his market analysis skills. It is important for any investor at the initial stage to have a little knowledge of market analysis.

I disagree with you that a new investor needs market analysis skills before he can start investing in bitcoin. What does he needs the knowledge of analyzing the market before getting started with his bitcoin investment, when his focus is just to keep on buying without selling a dime and he is using DCA method that doesn't care about the price of bitcoin before buying. You are making newbies get the wrong mindset of how DCA should be carried out. You know that it is impossible for anyone to know the next price movement of bitcoin making market analysis useless and a waste of time because it is only traders that needs to know about market analysis.

1. Gain a little experience with Bitcoin before investing.

What is required for a new investor is to know the basics knowledge of bitcoin and not experience because how will you have the experience of what you are not practicing. Investing in bitcoin needs to be practiced for one to have experience of hodling and building his bitcoin portfolio. This is because if you don't have any bitcoin you will not feel emotional if the price of bitcoin pumps or dip. Also you will not have the discipline to keep on buying and cut down unwanted expenses in order for you to keep your bitcoin accumulation ongoing wit
h consistent and persistent. How will you also be able to tweak from one buying strategy to the other based on change in your cash inflow and the market movement.

It is just like telling someone who wants to start learning driving when he has not drove any car before that he must have a driving experience before he will be able to drive safely.

[I_Anime]

Yes the DCA strategy is very simple even investing in this method does not require a lot of experience about Bitcoin if the person has a certain source of income to invest, proper planning, goals and his market analysis skills. It is important for any investor at the initial stage to have a little knowledge of market analysis

I started my Bitcoin investment without learning about market analysis, that sounds like what traders usually do before starting trading (but not interested in it). Initially what I did was to learn the basics of Bitcoin first (which includes how to secure my assets) and also learned how to navigate exchanges , so that I will be able to purchase bitcoin through them , before going into deep on how bitcoin investment works.

So one don't need to learn any skills before investing in Bitcoin, bitcoin investment is open for anyone both poor and the rich z the skilled and the unskilled, aslong one have the money to invest that's all.