Buy the DIP, and HODL!

[Qhunman]

Investing in the DCA method is safer than investing a large sum at a time and it reduces mental stress. The DCA method is more effective for ordinary people who have limited monthly income and limited risk-taking capacity. Here they can gradually build a significant portfolio by continuing to invest small amounts. And in this way they move forward on the path to financial freedom in the long term.

DCA method isn't about safety but about the quantity of discretionary income at your disposal as an investor. If you've a large discretionary income available at the point you want to invest, then you can go ahead and lump sum and it's still financially safe. DCA provides a slow and steady approach to investing into Bitcoin and even when using DCA, if you're over aggressive in DCAing, you would not be too safe as you may not able to sustain it for long.

DCA method is typically made for people to be able to invest in bitcoin regardless of their financial strength and mostly for people who could barely have something left as discretionary funds because this method helps you buy and hold regardless of the price and condition of the market.

If it has to do with accumulating Bitcoin,DCA is a recommended strategy in that regard. With DCA strategy,you can avoid monitoring the violatility of the market by buying Bitcoin regardless of the markets price . DCA strategy keeps you ahead of the market but it doesn't guarantee you a successful long term Hodl. There are measures that must be put in place for you to achieved a long term Hodl. Buying through your Discretional income, any buying done outside of your discretional income is gambling that also could disrupt your Long term Hodl. Secondly, having an Emergency fund put in place is important to protect your Bitcoin investment Emergency fund is a safe net to your bitcoin investments. Without an emergency fund, your bitcoin investment is vulnerable and could be tampered if a real life Emergencies happens.

[Yorubek]

Investing in the DCA method is safer than investing a large sum at a time and it reduces mental stress. The DCA method is more effective for ordinary people who have limited monthly income and limited risk-taking capacity. Here they can gradually build a significant portfolio by continuing to invest small amounts. And in this way they move forward on the path to financial freedom in the long term.

DCA method isn't about safety but about the quantity of discretionary income at your disposal as an investor. If you've a large discretionary income available at the point you want to invest, then you can go ahead and lump sum and it's still financially safe. DCA provides a slow and steady approach to investing into Bitcoin and even when using DCA, if you're over aggressive in DCAing, you would not be too safe as you may not able to sustain it for long.

DCA method is typically made for people to be able to invest in bitcoin regardless of their financial strength and mostly for people who could barely have something left as discretionary funds because this method helps you buy and hold regardless of the price and condition of the market.

People use different strategies to collect Bitcoins, but I think the DCA method is a very important investment strategy for collecting Bitcoins in an easy, safe, smart way. Through the DCA strategy, Bitcoins can be collected gradually and very easily, so you don't have to worry too much about the increase or decrease in the market price or the instability in the market because the investment in the DCA method is always averaging, so there is no need to worry. Looking at this graph, you will understand that even though the price of Bitcoin fluctuates rapidly, the averaging process remains active when investing through the DCA strategy.

Dollar cost averaging

[UchihaSarada]

People use different strategies to collect Bitcoins, but I think the DCA method is a very important investment strategy for collecting Bitcoins in an easy, safe, smart way. Through the DCA strategy, Bitcoins can be collected gradually and very easily, so you don't have to worry too much about the increase or decrease in the market price or the instability in the market because the investment in the DCA method is always averaging, so there is no need to worry. Looking at this graph, you will understand that even though the price of Bitcoin fluctuates rapidly, the averaging process remains active when investing through the DCA strategy.

When you do Dollar Cost Averaging for your Bitcoin purchases, you will have more bitcoins with time, while there are more bitcoins will be lost.
https://thelittlehodler.com/about/the-little-bitcoin/
https://thelittlehodler.com/wp-content/themes/yootheme/cache/c9/142-Where-the-Lost-Bitcoins-Go-Web-scaled-c95e8d86.webp

This meme is only another visualization on Satoshi's vision on this.

Lost coins only make everyone else's coins worth slightly more.  Think of it as a donation to everyone.

DCA will help you having doubled effects: accumulating more bitcoins quite easily with time; and enjoying as well as taking advantage of lost bitcoin effects for having more values of same bitcoins you have over time. A longer time you hold your coin, it will gain more value but very fortunately, you won't have same bitcoins over time, but will actually have MORE bitcoins over time.

[Silikiem]

Anyone can mix and match buying strategies at any time based on their own cashflow particulars and their other personal factors, even though there may be a bit more of a preference for newbies to invest regular, such as weekly, but there is nothing stopping them from lump summing with money that they might already have or even lump summing at any time that additional money might come in.

Buy the dip might not be as preferred for beginners, since it has a tendency to allow for waiting, which might not be a good idea, unless decently large amounts had already been invested.  Each person has to decide what they consider to be a decently large position.

You’re on point sir and I agree with you on this that anyone can mix and match buying strategies based on their cash flow. One thing I like so much about bitcoin investment is it’s flexibility as it affords you the opportunity and freedom to make important decisions and changes when necessary that will further improve and enhance your investment potential and growth. You are not glued to a particular pattern. And that’s why it’s always been said here that no one have all the knowledge as far as bitcoin investment is concerned and you don’t have to wait till you acquire all the knowledge about bitcoin investment before getting started in investing in bitcoin, as you can always make some important decisions and changes along the lines which you feel that’s going to further enhance your success rate in your bitcoin journey. The most important thing is to be able to figure out a discretionary income to use and accumulate with.
Yes, for beginners it’s advisable to adopt or get started and be consistent with the DCA method of accumulation especially during when in your early accumulation phase, instead of waiting to start accumulation only in dips. If you’re still in your accumulation stage you don’t have to switch it up so early, stay consistent with your DCA and accumulate and gradually build up your portfolio first to a significant amount large enough, and then it’s up to you to decide to make some adjustments and switches knowing fully well that it won’t affect your bitcoin portfolio in the near future. 

[Rockson1]

You guys are perfectly correct. DCA is actually the best method to invest in Bitcoin especially for those of us that are low income earners and are still coming up in the system but it has to be with consistency.
It's a wrong investment decision to wait for the price to get low before investing because the volatility of Bitcoin make it very difficult to accurately predict the price so instead of waiting to invest when the price is low it will be more better to consistently invest by DCA regardless of the price and by so doing there is high tendency of having a reasonable volume of Bitcoin in the near future.

Do you know the reason why DCA method is the best method to invest in bitcoin, is because it knows no boundaries, the rich, average and the poor can make use of this method to invest in bitcoin, it is the most efficient mathod for bitcoin investment, this method is very flexible, at all point in time you can invest with this method with the amount that fits your pucket, you have no reason to go beyond your means when investing with DCA method, what you actually need to continue doing is to be consistent with what you have been investing with but also make sure you seek for more income because it will enable you to intensify your DCA daily, weekly or monthly as you chosen it to be and hodl for a long term.

I don't take those that still talk about waiting for the dip before they can start investing in bitcoin serious, I prefer calling them spectators but if they are newbies that have no idea on what to do, the advise is for them to wait.no more, since DCA is the answer they are seeking for.

[Franklyn-wood]

You guys are perfectly correct. DCA is actually the best method to invest in Bitcoin especially for those of us that are low income earners and are still coming up in the system but it has to be with consistency.
It's a wrong investment decision to wait for the price to get low before investing because the volatility of Bitcoin make it very difficult to accurately predict the price so instead of waiting to invest when the price is low it will be more better to consistently invest by DCA regardless of the price and by so doing there is high tendency of having a reasonable volume of Bitcoin in the near future.

Do you know the reason why DCA method is the best method to invest in bitcoin, is because it knows no boundaries, the rich, average and the poor can make use of this method to invest in bitcoin, it is the most efficient mathod for bitcoin investment, this method is very flexible, at all point in time you can invest with this method with the amount that fits your pucket, you have no reason to go beyond your means when investing with DCA method, what you actually need to continue doing is to be consistent with what you have been investing with but also make sure you seek for more income because it will enable you to intensify your DCA daily, weekly or monthly as you chosen it to be and hodl for a long term.

I don't take those that still talk about waiting for the dip before they can start investing in bitcoin serious, I prefer calling them spectators but if they are newbies that have no idea on what to do, the advise is for them to wait.no more, since DCA is the answer they are seeking for.

Why is the DCA the best strategy for investing in Bitcoin?
I have been seeing DCA everywhere and you need to tell me what it's all about before I do my research.
For you to invest in Bitcoin I know you are going to allocate money to invest in the market. You buy and hold for many weeks/months/years as long as you want to hold. I want to know more about the DCA everyone has been talking about so I can choose a better investment plan for my altcoins buying and holding.

[Merit.s]

One major thing i took note of about your statement is that everything in life has it's benefits and disadvantages, although the DCA is the best strategy for managing risks in Bitcoin investment but it still has it's own down side which is that someone that's not commited to tasks would find it difficult to invest with it since it's something that should be done consistently according to the period the investor can regenerate their discretionary be it weekly or monthly but in general the DCA is more positive than negative when it comes to Bitcoin investment, one thing i love about the DCA is that it helps an investor to invest consistently regardless of market volatility.

You made some solid good point here. Like I used to say, there isn't any strategy that is bad to invest in Bitcoin. Both buying on dips, DCA and lump sum are  all good strategies, but the choice of strategy must align with your investment goals. If it doesn't align with your goals that is where it becomes a wrong strategy that you use.

There are many people that invested using DCA and they are successful, while others used lump sum and occasionally buying on dips yet they are successful. On a normal day the strategy doesn't really matter but how you utilizes these strategies to your own advantage is what truly matter.

You’re right, I think every strategy is quite different and simple, but you have to choose which approach will suit our investment plans depending on the amount of discretionary income that we can usually have in a weekly or monthly basis, right now I understand there are people who are buying the DCA and are doing very well, and there are people who are also buying through the lump sum and are also doing very spectacular, I think people also try to buy the dip by waiting for the dip which I think from my own experience it’s not a very good strategy of buying bitcoin, but buying the dip when the opportunity presents itself and still keep buying on a regular basis which I think it’s the perfect way.

So all strategy are just magnified but it all depends on our ability to stay consistent.

Yes there are no bad strategy in investing what might be wrong is how we utilise or approach these strategies, the DCA, the lump sum and the buy the dip method are all effective ways of accumulating bitcoin. A situation where an individual uses DCA but is not consistent it becomes a wrong move or a situation where a no coiner or low coiner decides to wait for the dip before he/she can start buying it’s a wrong move, it’s better to in the game than be on the sidelines waiting for dip… These methods are here to enable us accumulate more bitcoin according to our capabilities.
A good or best approach involves a mix of all strategies to give an efficient and effective result.

I don't think that it's a wrong move for someone who was DCAing and later got hit with financial problem and couldn't DCA again because he has no regular discretionary income or during that time his expenses got increased and ate up his discretionary income. He can stop buying and wait till when he has his discretionary income again.

It becomes a wrong move when you sell but provided you didn't sell and just hodli to start DCAing again later, it is good. No one can tell what will happen tomorrow that will put you in a position that you wouldn't be able to accumulate bitcoin weekly and regularly.  The most important thing is that you should always look for a means to improve your income in order get a regular discretionary income for a consistent and persistent bitcoin accumulation for 4-10 years and above and if possible even aggressively.

When you are not regularly buying bitcoin weekly/monthly, you are not DCAing.

[Tmoonz]

Anyone can mix and match buying strategies at any time based on their own cashflow particulars and their other personal factors, even though there may be a bit more of a preference for newbies to invest regular, such as weekly, but there is nothing stopping them from lump summing with money that they might already have or even lump summing at any time that additional money might come in.

Buy the dip might not be as preferred for beginners, since it has a tendency to allow for waiting, which might not be a good idea, unless decently large amounts had already been invested.  Each person has to decide what they consider to be a decently large position.

You’re on point sir and I agree with you on this that anyone can mix and match buying strategies based on their cash flow. One thing I like so much about bitcoin investment is it’s flexibility as it affords you the opportunity and freedom to make important decisions and changes when necessary that will further improve and enhance your investment potential and growth. You are not glued to a particular pattern. And that’s why it’s always been said here that no one have all the knowledge as far as bitcoin investment is concerned and you don’t have to wait till you acquire all the knowledge about bitcoin investment before getting started in investing in bitcoin, as you can always make some important decisions and changes along the lines which you feel that’s going to further enhance your success rate in your bitcoin journey. The most important thing is to be able to figure out a discretionary income to use and accumulate with.
Yes, for beginners it’s advisable to adopt or get started and be consistent with the DCA method of accumulation especially during when in your early accumulation phase, instead of waiting to start accumulation only in dips. If you’re still in your accumulation stage you don’t have to switch it up so early, stay consistent with your DCA and accumulate and gradually build up your portfolio first to a significant amount large enough, and then it’s up to you to decide to make some adjustments and switches knowing fully well that it won’t affect your bitcoin portfolio in the near future. 

There are variables differences between switching and mixing up various strategies, switching might not really make any sense for investors that are still early in the accumulation process but considering mixing up strategies for sure the DCA should deeply be use as a primary accumulation strategy for a low coiner and if there resources enough to lump sum, front load and as well taking advantage of the dips it must reflect to their risk tolerance level, investment goals and objectives, switching strategy should be concern with investors that has gotten to somewhere close to their maintenance level or over accumulation level while a low coiner can mix up strategies if they have means to do so without struggling.

[Sim_card]

DCA method is typically made for people to be able to invest in bitcoin regardless of their financial strength and mostly for people who could barely have something left as discretionary funds because this method helps you buy and hold regardless of the price and condition of the market.

It seems to me that you don't understand what's discretionary income if not, you wouldn't say that people who DCA are the ones that barely have any discretionary income or maybe, I misunderstood you. However, anyone without a discretionary income cannot invest into bitcoin because you need a discretionary income in order for you to invest into bitcoin and hodli for long term, it doesn't matter if you have a steady income or not.

Anyone that invest with money that's not his discretionary income will end up selling his bitcoin at loss if the market is below his entry point because when he needs arises, he will have no option to sell his bitcoin.

In lump summing, more emphasis is placed on availability of large discretionary income and not just about having a steady cashflow.

You must not have a large discretionary income before you can lump sum. Anyone can lump sum provided he has extra money that he didn't plan for and has no important need for that money when he is given the money either at work as bonus or as gift in a wedding/birthday party or festive period. I can be on my regular DCA with my discretionary income weekly and I get a bonus at work or a traveling allowance of $150. I can choose to use all the money to lump sum or use half of it to buy bitcoin right away.

If you feel that you must have a large discretionary income before you can lump sum, you will end up missing some opportunities that you could have use those unexpected money to lump sum and increase your bitcoin portfolio faster.

[ruykeri]

Why is the DCA the best strategy for investing in Bitcoin?
I have been seeing DCA everywhere and you need to tell me what it's all about before I do my research.
For you to invest in Bitcoin I know you are going to allocate money to invest in the market. You buy and hold for many weeks/months/years as long as you want to hold. I want to know more about the DCA everyone has been talking about so I can choose a better investment plan for my altcoins buying and holding.

DCA is the best way to invest in Bitcoin because it allows you to invest without any financial pressure. It is possible to invest for a long time by following the DCA method. Since you have to buy Bitcoin regularly, you can buy Bitcoin in all situations, whether the price of Bitcoin is low or high. Since DCA is followed with discretionary income and an emergency fund and reserve fund are formed along with it, you can invest for a long time and the chances of success increase a lot.

Another question you asked is whether there is any kind of investment option other than buying shitcoin. In fact, you should not invest in this type of scam coin. These altcoins sometimes increase in price artificially and many people start investing and become rich very quickly. As a result, some people may make a profit, but they face maximum losses. You should not invest in this type of fraudulent currency. If you want to invest for your future security, then you can invest in Bitcoin by following DCA with discretionary income and deciding to invest for 4 to 10 years. Your chances of success in the future will increase a lot. There is no question of being a victim of fraud by investing in shitcoins outside of Bitcoin.

[gracreavix]

so we would not consider things like age when it comes to buying and accumulating bitcoin,

Age can only be a threat to those Investors that can't make direct purchase, I noticed that some people are not familiar with online purchase. Instead they prefer making thier purchase through bitcoin ATM, and if they don't care to learn, some day they will get to a certain stage were they won't have the strength to be going to the bitcoin ATM as they used to when they have not come to aged. in this case they can just consider it as the end of thier accumulation journey, but those who are familiar with the online purchase will not be affected. However i think the best way is  to start bitcoin accumulation on time so that before we would get to the stage where we will be facing any of this challenges  then we must have reach our investment goal or the stage of overaccumulation.

I believe age here is pointing to health
In my view, age shouldn't in any way affect investment. Things happens (as in surprises/unexpected). To a point as long as someone still has common sense, investment in Bitcoin can continue no matter the age. The issue of using Bitcoin ATM or online purchase is not something that matters so much since they both offer the same result. Come to think of it, what could be the reason why some people are bent on Bitcoin ATM purchase? Could it be because of fear of fraud?
Bending on Bitcoin ATM use is for sure location based, this ATM is not rampant as normal ATMs. So someone who has it located around is tbe one who would be bent on using it, if not the importance of learning how to purchase online already speaks louder.
As for age, surprisingly an elder of say 65 years could still in the next 10 years have what it takes to go to Bitcoin ATM to purchase while a youth of 35 years can not..
Note; aside being located around Bitcoin ATM, incorporation of both purchase means is paramount irrespective of age. Not forgetting the privacy and comfort of the online purchase.
As aged and or unhealthy person, there might be other measures to keep up with investment in Bitcoin. Very hard but it could be possible to have someone who would assist in that regard. Someone who will help in purchasing whether online or using Bitcoin ATM.
Also like you pointed out @ejikeme24 "reaching investment goal" settles the matter.

You seem to be superficially addressing the age factor, since it is quite likely that a 35 year old and 65 year old is not going to be in the same position in terms of income they are earning or able to earn, and they may well also not be in a similar position in regards to how much they have saved up.  So of course age is a factor that needs to be accounted for, along with the other individual factors.

Real talk, this age difference not being something that can just be brushed aside…. A 35 year old and a 65 year old might both have money, but their position in life is not the same at all.  The younger one usually still has years ahead to earn, take risks, and recover from mistakes, while the older person is managing and protecting what he already has..  That difference alone changes how they approach Bitcoin investment, and even other investment..  I also think the younger one has more room to learn from errors without it being too bad, but for the older one, every mistake would for sure carry heavier weight.. So yes, age is definitely a factor to be considered alongside personal income, savings, and even responsibilities…

If a person concludes that he has at least a 4 year time horizon for investing into bitcoin, then surely that would be a factor.  The 35 year old may invest from income, yet the 65 year old might reallocate from some other investment that he has.

And the way you put the 4-year horizon makes sense because Bitcoin doesn’t reward impatience..  A 35 year old who still earns a salary might be okay with setting aside portion of income for DCAing and letting it mature, while a 65 year old may not be Able.. Their risk appetite is shaped by where the funds are coming from…. One point I would add here is that time horizon in Bitcoin is not just about years, it is also about cycles.. If you enter and give it at least one halving cycle, you’re already positioning yourself for growth..

If a 65 year old is building his investment over 4 years, then when he turns 69 (or 4 years down the road) the earlier invested amounts would be ready for potential withdrawal but the later invested amounts would not have had reached a 4 year investment timeline, yet, and every new investment into bitcoin needs to have a 4-10 year or more timeline in order to be an investment rather than a trade.  Personally, I recommend against trying to trade bitcoin.

And yes, every new buy in Bitcoin really needs that 4 to 10 year window to count as an investment…. Anything less and it is basically trading, and trading Bitcoin is a headache…. For the 65 year old, the tricky part is that by the time his earlier investments mature, the newer ones will still need years..  That is where planning comes in you don’t put all your eggs in at once, and you also don’t tie up all your funds in something you might need urgently.. And honestly, holding Bitcoin long term has proven far more effective than trying to out trade it..  people who panic trade usually end up with less..

[Zackz5000]

You guys are perfectly correct. DCA is actually the best method to invest in Bitcoin especially for those of us that are low income earners and are still coming up in the system but it has to be with consistency.
It's a wrong investment decision to wait for the price to get low before investing because the volatility of Bitcoin make it very difficult to accurately predict the price so instead of waiting to invest when the price is low it will be more better to consistently invest by DCA regardless of the price and by so doing there is high tendency of having a reasonable volume of Bitcoin in the near future.

Do you know the reason why DCA method is the best method to invest in bitcoin, is because it knows no boundaries, the rich, average and the poor can make use of this method to invest in bitcoin, it is the most efficient mathod for bitcoin investment, this method is very flexible, at all point in time you can invest with this method with the amount that fits your pucket, you have no reason to go beyond your means when investing with DCA method, what you actually need to continue doing is to be consistent with what you have been investing with but also make sure you seek for more income because it will enable you to intensify your DCA daily, weekly or monthly as you chosen it to be and hodl for a long term.

I don't take those that still talk about waiting for the dip before they can start investing in bitcoin serious, I prefer calling them spectators but if they are newbies that have no idea on what to do, the advise is for them to wait.no more, since DCA is the answer they are seeking for.

Why is the DCA the best strategy for investing in Bitcoin?
I have been seeing DCA everywhere and you need to tell me what it's all about before I do my research.
For you to invest in Bitcoin I know you are going to allocate money to invest in the market. You buy and hold for many weeks/months/years as long as you want to hold. I want to know more about the DCA everyone has been talking about so I can choose a better investment plan for my altcoins buying and holding.

The DCA strategy enable you to accumulate Bitcoin irrespective of the price of Bitcoin with the DCA strategy you don't have to wait for the price of Bitcoin to dip before you can accumulate Bitcoin there are other benefits accumulating with the DCA strategy too.

Further more you shouldn't invest in Altcoins it's not even what will invest and plan to hold it for long for you will wake up one day and the whole has went down, Bitcoin is a reliable coin it is the only coin you can accumulate and hodl for long without losing your investment.

[Liocen]

Of course, those who have implemented this method are considered intelligent and astute, as they no longer care about pursuing short-term profits but instead focus on the long term. Of course, no one wants to miss a market rally when they see a coin's price rise, but the average person has to monitor it, and it's quite a hassle, staring at the screen constantly to avoid getting caught up, as even the slightest movement can quickly lead to a decline.

In my opinion, psychological factors still play a crucial role in maintaining enthusiasm for long-term investing using the DCA technique. This allows one to learn to resist panic, avoid the temptation to sell due to FOMO, and avoid expecting a severe market drop, even during a bear market. Regardless, the final outcome of buying using the DCA model still wins, even if it varies. If we average each purchase transaction, it automatically lowers our average cost.

Remember that Bitcoin is not for everyone and not everyone can afford it. We must always accept this reality. In this context, let me tell you a story, although it is true, it still sounds like a story - a man went to the market to buy Ugu (Telfairia occidentalis) but after standing for a while near the shop, he saw that time was passing and the seller was reducing the price of Ugu a little. So the man waited for a while for the price to come down. The price came down but the man still did not buy it. He waited again for the price to come down. The price did come down but the good fresh Ugu were already sold out. Later, he could not buy any more Ugu. At that moment, his wife called and said that he definitely needed Ugu at home, so he started looking for Ugu in other shops but most of the shops had already sold out. While searching, he found a small quantity of Ugu in one shop but since no other shop had it, the demand for it increased so he had to buy it at a high price, but he did not get the amount of Ugu he needed.
This is consistent with the case of Bitcoin lazy investors (those who wait for the most favorable time to start investing).
Everyone thinks that Bitcoin is just an investment tool and the lower the price they can buy it, the more profitable they will be. But the reality is that the more Bitcoin they have in the future, the more economically prosperous they will be in the future. Therefore, everyone should focus on how to own the maximum amount of Bitcoin without looking at the price.

[Joeboy]

Of course, those who have implemented this method are considered intelligent and astute, as they no longer care about pursuing short-term profits but instead focus on the long term. Of course, no one wants to miss a market rally when they see a coin's price rise, but the average person has to monitor it, and it's quite a hassle, staring at the screen constantly to avoid getting caught up, as even the slightest movement can quickly lead to a decline.

In my opinion, psychological factors still play a crucial role in maintaining enthusiasm for long-term investing using the DCA technique. This allows one to learn to resist panic, avoid the temptation to sell due to FOMO, and avoid expecting a severe market drop, even during a bear market. Regardless, the final outcome of buying using the DCA model still wins, even if it varies. If we average each purchase transaction, it automatically lowers our average cost.

Remember that Bitcoin is not for everyone and not everyone can afford it. We must always accept this reality. In this context, let me tell you a story, although it is true, it still sounds like a story - a man went to the market to buy Ugu (Telfairia occidentalis) but after standing for a while near the shop, he saw that time was passing and the seller was reducing the price of Ugu a little. So the man waited for a while for the price to come down. The price came down but the man still did not buy it. He waited again for the price to come down. The price did come down but the good fresh Ugu were already sold out. Later, he could not buy any more Ugu. At that moment, his wife called and said that he definitely needed Ugu at home, so he started looking for Ugu in other shops but most of the shops had already sold out. While searching, he found a small quantity of Ugu in one shop but since no other shop had it, the demand for it increased so he had to buy it at a high price, but he did not get the amount of Ugu he needed.
This is consistent with the case of Bitcoin lazy investors (those who wait for the most favorable time to start investing).
Everyone thinks that Bitcoin is just an investment tool and the lower the price they can buy it, the more profitable they will be. But the reality is that the more Bitcoin they have in the future, the more economically prosperous they will be in the future. Therefore, everyone should focus on how to own the maximum amount of Bitcoin without looking at the price.

I disagree with you....Bitcoin wasn't created for some group persons, instead Bitcoin was created for everyone there is no gap in between. Bitcoin was created for the rich, poor, middle class, young, old etc. This mean that you must not have to have millions of dollars in your account before you can begin to accumulate Bitcoin...... Bitcoin is divisible into smaller units called satoshis, this simply means that one can start with even a tiny fraction using the little extra money (Discretionary Income) + your buying strategy (preferably DCA due to its simplicity and lesser worry), and overtime those small and steady accumulation grows into something meaningful and tangible

[Churchillvv]

2016 was when I got my first Bitcoin and all the subsequent buys through 2017 I couldnt tell you at
what Price and if it was when the market was up or down, It doesnt matter to me 8 years later.

Perhaps that’s the true effect of compounding power, waiting to make a solid entry will only get you wasting your whole time which would be enough to have accumulated regardless of the price and reach a certain goal which would be a dream to some but perhaps we can not also attribute your capacity of buying from 8 years ago as luck as must would call it yet it’s seems to be the effect of understanding and realizing must if the knowledges shared in this forum and mostly in this thread and few others perhaps instigated by JayJuanGee and likes yet it’s more like encouragement story to some and admirable achievement to few.

[yixichloro2xx]

Investing in the DCA method is safer than investing a large sum at a time and it reduces mental stress. The DCA method is more effective for ordinary people who have limited monthly income and limited risk-taking capacity. Here they can gradually build a significant portfolio by continuing to invest small amounts. And in this way they move forward on the path to financial freedom in the long term.

DCA method isn't about safety but about the quantity of discretionary income at your disposal as an investor. If you've a large discretionary income available at the point you want to invest, then you can go ahead and lump sum and it's still financially safe. DCA provides a slow and steady approach to investing into Bitcoin and even when using DCA, if you're over aggressive in DCAing, you would not be too safe as you may not able to sustain it for long.

DCA method is typically made for people to be able to invest in bitcoin regardless of their financial strength and mostly for people who could barely have something left as discretionary funds because this method helps you buy and hold regardless of the price and condition of the market.

If it has to do with accumulating Bitcoin,DCA is a recommended strategy in that regard. With DCA strategy,you can avoid monitoring the violatility of the market by buying Bitcoin regardless of the markets price . DCA strategy keeps you ahead of the market but it doesn't guarantee you a successful long term Hodl. There are measures that must be put in place for you to achieved a long term Hodl. Buying through your Discretional income, any buying done outside of your discretional income is gambling that also could disrupt your Long term Hodl. Secondly, having an Emergency fund put in place is important to protect your Bitcoin investment Emergency fund is a safe net to your bitcoin investments. Without an emergency fund, your bitcoin investment is vulnerable and could be tampered if a real life Emergencies happens.

Because DCA removes the burden of timing the market, it is one of the simplest ways to accumulate Bitcoin, but you are right that it is not the whole picture for a long term hold. The discipline of using only discretionary income is what separates a steady plan from gambling, since any money tied to bills or daily needs will eventually force a sale when life gets tight. An emergency fund plays the same role as a shield, making sure you never have to touch your stack just to cover unexpected events.

What many people overlook is that the combination of consistency, discretionary income, and a proper safety net is what makes DCA truly effective. Without those foundations, even the best strategy can collapse under pressure. Bitcoin rewards patience, but patience is only possible when your everyday life is secured outside of your investment.

[I_Anime]

Investing in the DCA method is safer than investing a large sum at a time and it reduces mental stress. The DCA method is more effective for ordinary people who have limited monthly income and limited risk-taking capacity. Here they can gradually build a significant portfolio by continuing to invest small amounts. And in this way they move forward on the path to financial freedom in the long term.

DCA method isn't about safety but about the quantity of discretionary income at your disposal as an investor. If you've a large discretionary income available at the point you want to invest, then you can go ahead and lump sum and it's still financially safe. DCA provides a slow and steady approach to investing into Bitcoin and even when using DCA, if you're over aggressive in DCAing, you would not be too safe as you may not able to sustain it for long.

DCA method is typically made for people to be able to invest in bitcoin regardless of their financial strength and mostly for people who could barely have something left as discretionary funds because this method helps you buy and hold regardless of the price and condition of the market.

People use different strategies to collect Bitcoins, but I think the DCA method is a very important investment strategy for collecting Bitcoins in an easy, safe, smart way. Through the DCA strategy, Bitcoins can be collected gradually and very easily, so you don't have to worry too much about the increase or decrease in the market price or the instability in the market because the investment in the DCA method is always averaging, so there is no need to worry. Looking at this graph, you will understand that even though the price of Bitcoin fluctuates rapidly, the averaging process remains active when investing through the DCA strategy.

Dollar cost averaging

This diagram explains a lot , like telling one to keep buying even when price is up or down using dcaing or any strategy that could fit in especially dcaing . Which like purchasing bitcoin at different price intervals rather is up or down , due to market volatile .

I want use this medium to say this DCA strategy is nice especially when you are using it in a good investment like bitcoin. But it can also be risky too when it being use in a bad investment like those that are easily urged to invest in shitcoins , employing dcaing in such shit investment will only make you losses massive if the market keep dumping,  because most time it doesn't bounce back like how bitcoin usually does after experiencing some losses.

[Lembo69]

One major thing i took note of about your statement is that everything in life has it's benefits and disadvantages, although the DCA is the best strategy for managing risks in Bitcoin investment but it still has it's own down side which is that someone that's not commited to tasks would find it difficult to invest with it since it's something that should be done consistently according to the period the investor can regenerate their discretionary be it weekly or monthly but in general the DCA is more positive than negative when it comes to Bitcoin investment, one thing i love about the DCA is that it helps an investor to invest consistently regardless of market volatility.

You made some solid good point here. Like I used to say, there isn't any strategy that is bad to invest in Bitcoin. Both buying on dips, DCA and lump sum are  all good strategies, but the choice of strategy must align with your investment goals. If it doesn't align with your goals that is where it becomes a wrong strategy that you use.

There are many people that invested using DCA and they are successful, while others used lump sum and occasionally buying on dips yet they are successful. On a normal day the strategy doesn't really matter but how you utilizes these strategies to your own advantage is what truly matter.

You’re right, I think every strategy is quite different and simple, but you have to choose which approach will suit our investment plans depending on the amount of discretionary income that we can usually have in a weekly or monthly basis, right now I understand there are people who are buying the DCA and are doing very well, and there are people who are also buying through the lump sum and are also doing very spectacular, I think people also try to buy the dip by waiting for the dip which I think from my own experience it’s not a very good strategy of buying bitcoin, but buying the dip when the opportunity presents itself and still keep buying on a regular basis which I think it’s the perfect way.

So all strategy are just magnified but it all depends on our ability to stay consistent.

Yes there are no bad strategy in investing what might be wrong is how we utilise or approach these strategies, the DCA, the lump sum and the buy the dip method are all effective ways of accumulating bitcoin. A situation where an individual uses DCA but is not consistent it becomes a wrong move or a situation where a no coiner or low coiner decides to wait for the dip before he/she can start buying it’s a wrong move, it’s better to in the game than be on the sidelines waiting for dip… These methods are here to enable us accumulate more bitcoin according to our capabilities.
A good or best approach involves a mix of all strategies to give an efficient and effective result.

Bitcoin might be a mere investment for some of you, an investment that you might sell later. But let me tell you that Bitcoin has larger implications in the world. It's built for something bigger.

In Nepal, during the recent toppling of the previous regime, the protesters started using Bitcoin as a statement saying that the banks can't be trusted, that politicians can't be trusted.

If you truly want to sell, then sell. BUT, my fellow plebs, do HODL some for your own good.

Absolutely true what you’re saying and what they’re protesting in Nepal. Bitcoin has evolved into something greater than what it was initially made for and you can see the evidence, even the Governments of the world are wanting a piece of it since they can’t control it, they’ve tried.
In my country the number of charges and VATs paid in using traditional banks is alarming, so truly the banks have betrayed us, they’re being used by the politicians. Evidently Bitcoin is a gate to Financial Freedom and we should plan to HODL for a long term.

It is never wise to wait for a dip. Yes, you can wait if you buy through the DCA strategy and then the opportunity for a dip arises. Otherwise, waiting for a dip would be foolish. The mental readiness of an investor depends on his discretionary income. If you have discretionary income, you are able to buy through the DCA strategy as well.
No one knows about the rise and fall of Bitcoin. So waiting for a dip is not right.
If you are interested in investing, start buying now and invest.
Invest for the long term and increase your portfolio. Invest for at least 4-10 years. And long-term investment will be effective to get high profits from your investment.

[sotelorene]

Of course, those who have implemented this method are considered intelligent and astute, as they no longer care about pursuing short-term profits but instead focus on the long term. Of course, no one wants to miss a market rally when they see a coin's price rise, but the average person has to monitor it, and it's quite a hassle, staring at the screen constantly to avoid getting caught up, as even the slightest movement can quickly lead to a decline.

In my opinion, psychological factors still play a crucial role in maintaining enthusiasm for long-term investing using the DCA technique. This allows one to learn to resist panic, avoid the temptation to sell due to FOMO, and avoid expecting a severe market drop, even during a bear market. Regardless, the final outcome of buying using the DCA model still wins, even if it varies. If we average each purchase transaction, it automatically lowers our average cost.

Remember that Bitcoin is not for everyone and not everyone can afford it. We must always accept this reality. In this context, let me tell you a story, although it is true, it still sounds like a story - a man went to the market to buy Ugu (Telfairia occidentalis) but after standing for a while near the shop, he saw that time was passing and the seller was reducing the price of Ugu a little. So the man waited for a while for the price to come down. The price came down but the man still did not buy it. He waited again for the price to come down. The price did come down but the good fresh Ugu were already sold out. Later, he could not buy any more Ugu. At that moment, his wife called and said that he definitely needed Ugu at home, so he started looking for Ugu in other shops but most of the shops had already sold out. While searching, he found a small quantity of Ugu in one shop but since no other shop had it, the demand for it increased so he had to buy it at a high price, but he did not get the amount of Ugu he needed.
This is consistent with the case of Bitcoin lazy investors (those who wait for the most favorable time to start investing).
Everyone thinks that Bitcoin is just an investment tool and the lower the price they can buy it, the more profitable they will be. But the reality is that the more Bitcoin they have in the future, the more economically prosperous they will be in the future. Therefore, everyone should focus on how to own the maximum amount of Bitcoin without looking at the price.

I disagree with you....Bitcoin wasn't created for some group persons, instead Bitcoin was created for everyone there is no gap in between. Bitcoin was created for the rich, poor, middle class, young, old etc. This mean that you must not have to have millions of dollars in your account before you can begin to accumulate Bitcoin...... Bitcoin is divisible into smaller units called satoshis, this simply means that one can start with even a tiny fraction using the little extra money (Discretionary Income) + your buying strategy (preferably DCA due to its simplicity and lesser worry), and overtime those small and steady accumulation grows into something meaningful and tangible

Well ideally, I will say Bitcoin is created for everyone but in actual sense it is not because it is mostly rich and middle class people that are investing in Bitcoin, some people don't even or can't afford a square meal a in day and Bitcoin is not created for these persons because they can not afford to invest no matter how they try unless they will have a change of story which off course doesn't happen to everyone. So Bitcoin is not really created for everyone in actual sense, it is just as we have rich and poor. Everybody can never be rich and at same time everybody can never be poor and anyone who doesn't have the capacity and forced himself or herself will regret.

[Mr_Brilliant$]

Investing in the DCA method is safer than investing a large sum at a time and it reduces mental stress. The DCA method is more effective for ordinary people who have limited monthly income and limited risk-taking capacity. Here they can gradually build a significant portfolio by continuing to invest small amounts. And in this way they move forward on the path to financial freedom in the long term.

DCA method isn't about safety but about the quantity of discretionary income at your disposal as an investor. If you've a large discretionary income available at the point you want to invest, then you can go ahead and lump sum and it's still financially safe. DCA provides a slow and steady approach to investing into Bitcoin and even when using DCA, if you're over aggressive in DCAing, you would not be too safe as you may not able to sustain it for long.

DCA method is typically made for people to be able to invest in bitcoin regardless of their financial strength and mostly for people who could barely have something left as discretionary funds because this method helps you buy and hold regardless of the price and condition of the market.

If it has to do with accumulating Bitcoin,DCA is a recommended strategy in that regard. With DCA strategy,you can avoid monitoring the violatility of the market by buying Bitcoin regardless of the markets price . DCA strategy keeps you ahead of the market but it doesn't guarantee you a successful long term Hodl. There are measures that must be put in place for you to achieved a long term Hodl. Buying through your Discretional income, any buying done outside of your discretional income is gambling that also could disrupt your Long term Hodl. Secondly, having an Emergency fund put in place is important to protect your Bitcoin investment Emergency fund is a safe net to your bitcoin investments. Without an emergency fund, your bitcoin investment is vulnerable and could be tampered if a real life Emergencies happens.

I vibe with what you are saying. DCAing on its own is like the foundation of a building, it is solid, but without the right pillars around it, the structure still collapses when pressure comes…  people think just buying every week or month guarantees success, but they forget the other realities of life, bills, sudden expenses, responsibilities..  That is where your point about emergency funds comes in strong. Without that, people will always find themselves cashing out their Bitcoin, not because they want to sell, but because they are forced to. And that is the fastest way to ruin a long term hodl plan..

The way I see it, Bitcoin investing is more of a lifestyle discipline than just a financial move. You are not just stacking BTC, you are also stacking habits that keep you grounded through the ups and downs..  DCA with discretionary income makes it sustainable, and emergency funds protect you from breaking the plan..  Combine all and suddenly holding Bitcoin for five or ten years does not feel like a hard task anymore..