JJG’s Outline of Bitcoin Investment Ideas

[AuchanX]

Sir JayJuanGee, I have read many parts of your valuable post with the purpose of learning. You have presented the matter in a very simple way. You have seriously mentioned the use of DCA method for beginners who have not invested in Bitcoin yet or have bought their first Bitcoin, or those who want to increase their portfolio. From this, I am pretty sure that DCA method can definitely be effective for an investor. We understand DCA to mean spending a certain part of income for example 10% every week or month to buy Bitcoin. It is more like saving for a future goal for me. But for those who do not have a regular income but are new and want to increase their portfolio. Maybe they have a contract job and sometimes cash comes in hand. How realistic is it for them to use a different method?

For example, a person wants to buy Bitcoin at $75 per month. But since that person's job is contract, when he gets cash, he can buy it at once for $225. Which is equal to buying using DCA method for three months.  Would this be realistic and effective?

[JayJuanGee]

Sir JayJuanGee, I have read many parts of your valuable post with the purpose of learning. You have presented the matter in a very simple way. You have seriously mentioned the use of DCA method for beginners who have not invested in Bitcoin yet or have bought their first Bitcoin, or those who want to increase their portfolio. From this, I am pretty sure that DCA method can definitely be effective for an investor. We understand DCA to mean spending a certain part of income for example 10% every week or month to buy Bitcoin. It is more like saving for a future goal for me. But for those who do not have a regular income but are new and want to increase their portfolio. Maybe they have a contract job and sometimes cash comes in hand. How realistic is it for them to use a different method?

For example, a person wants to buy Bitcoin at $75 per month. But since that person's job is contract, when he gets cash, he can buy it at once for $225. Which is equal to buying using DCA method for three months.  Would this be realistic and effective?

The DCA amount can be determined each time that a buy is made and so a person can  choose to invest aggressively, whimpy or some variation in between.  DCA's do not need to be automatic and/or for specific amounts or at specific times.

There are people who have irregular amounts of pay, irregular times of pay and irregular expenses, so the amounts and times of the DCA purchase amounts can be adjusted each time that it is made. 

I tend to prefer manual application of DCA rather than automatic, yet of course, for convenience sake and perhaps even for self-disciplinary reasons, some individual prefer to employ automatic DCA.

[Churchillvv]

Sir JayJuanGee, I have read many parts of your valuable post with the purpose of learning. You have presented the matter in a very simple way. You have seriously mentioned the use of DCA method for beginners who have not invested in Bitcoin yet or have bought their first Bitcoin, or those who want to increase their portfolio. From this, I am pretty sure that DCA method can definitely be effective for an investor. We understand DCA to mean spending a certain part of income for example 10% every week or month to buy Bitcoin. It is more like saving for a future goal for me. But for those who do not have a regular income but are new and want to increase their portfolio. Maybe they have a contract job and sometimes cash comes in hand. How realistic is it for them to use a different method?

For example, a person wants to buy Bitcoin at $75 per month. But since that person's job is contract, when he gets cash, he can buy it at once for $225. Which is equal to buying using DCA method for three months.  Would this be realistic and effective?

The DCA amount can be determined each time that a buy is made and so a person can  choose to invest aggressively, whimpy or some variation in between.  DCA's do not need to be automatic and/or for specific amounts or at specific times.

There are people who have irregular amounts of pay, irregular times of pay and irregular expenses, so the amounts and times of the DCA purchase amounts can be adjusted each time that it is made. 

I tend to prefer manual application of DCA rather than automatic, yet of course, for convenience sake and perhaps even for self-disciplinary reasons, some individual prefer to employ automatic DCA.

Perhaps folks with less discipline or noobs might definitively want to stick with the automatic DCA including me since we are not yet masters of the act however manual DCA is most likely the best the best yet, individual preference might also set in yet in due time guys might want to begin to shift from automatic to manual hence one might probably spent several years accumulating bitcoin through automatic purchase.

However, the mere fact that guys have seem to have figured out how to fit in automatic purchase with monthly, weekly or annual payments have made it seem like automatic DCA has to do with a specific amount or time yet I do not condemn the perception because most might find it hard to keep track of purchases or DCA especially newbies so making clear and exact purchase seem to be the only way.

[Frankolala]

However, the mere fact that guys have seem to have figured out how to fit in automatic purchase with monthly, weekly or annual payments have made it seem like automatic DCA has to do with a specific amount or time yet I do not condemn the perception because most might find it hard to keep track of purchases or DCA especially newbies so making clear and exact purchase seem to be the only way.

I prefer manual DCA to automated because of the flexibility in it. You can use whatever is the amount of your discretionary income to purchase bitcoin that week because your discretionary income cannot always be the same from week to week. You can buy at your own convenience whenever, your discretionary income is available and discipline you to the point that it becomes a habit to you thay whenever, you have a spare cash, you can put it into bitcoin. Manual DCA helps you control your emotions better by changing  decisions easily

[CageMabok]

...

I prefer manual DCA to automated because of the flexibility in it. You can use whatever is the amount of your discretionary income to purchase bitcoin that week because your discretionary income cannot always be the same from week to week. You can buy at your own convenience whenever, your discretionary income is available and discipline you to the point that it becomes a habit to you thay whenever, you have a spare cash, you can put it into bitcoin. Manual DCA helps you control your emotions better by changing  decisions easily

Most DCA methods are done manually, although they can also be set to automatic if we are willing to set it to automatic. However, when it comes to implementing and using money for investments like buying Bitcoin, I also prefer manual DCA because it's easier for us and allows us to make adjustments each time we want to buy Bitcoin, even if the amount may not be the same as before. Now, some investors with significant capital have also implemented this method, so the changes in supply and demand volume in Bitcoin in the last few days have begun to appear more distinct, perhaps influenced by slightly more buying pressure than before.

[Joy- maker]

The DCA amount can be determined each time that a buy is made and so a person can  choose to invest aggressively, whimpy or some variation in between.  DCA's do not need to be automatic and/or for specific amounts or at specific times.

There are people who have irregular amounts of pay, irregular times of pay and irregular expenses, so the amounts and times of the DCA purchase amounts can be adjusted each time that it is made. 

I tend to prefer manual application of DCA rather than automatic, yet of course, for convenience sake and perhaps even for self-disciplinary reasons, some individual prefer to employ automatic DCA.

JJG you are very correct here, DCA don't have to be automatic like the way some person's are seeing it or making it look, DCA is manual, so  you to decide on when and time to make your buy with your leftover money ( discretionary income). Secondly your DCA amount don't have to be specific just the way some person's are seeing or making it look as well, and  some person's even go extra mind to cut budget for their expenses just to invest with the specific amount they have already decided within themselves to be investing on a weekly basis or monthly basis on Bitcoin which is very wrong. Because the amount of money left after settling ones basic needs and expenses is the amount you should be investing in bitcoin even if it's not up to the amount money you wish to be investing on a weekly basis or monthly basis. Because There is no point in overdoing, just be consistent in accumulating bitcoin with any amount of leftover after setting outside money for your basic needs and expenses and trust me before you know it you will accumulate a good portion of bitcoin to hold for long term.

[Freeveto]

However, the mere fact that guys have seem to have figured out how to fit in automatic purchase with monthly, weekly or annual payments have made it seem like automatic DCA has to do with a specific amount or time yet I do not condemn the perception because most might find it hard to keep track of purchases or DCA especially newbies so making clear and exact purchase seem to be the only way.

I prefer manual DCA to automated because of the flexibility in it. You can use whatever is the amount of your discretionary income to purchase bitcoin that week because your discretionary income cannot always be the same from week to week. You can buy at your own convenience whenever, your discretionary income is available and discipline you to the point that it becomes a habit to you thay whenever, you have a spare cash, you can put it into bitcoin. Manual DCA helps you control your emotions better by changing  decisions easily

Yes, since discretionary income can vary, the manual DCA method helps you to decide how much to invest each time that you are buying BTC, and this method as well allows an investor to stay flexible with your purchases pending certain conditions and to stay disciplined in the process of building up  your Bitcoin investment portfolio. Manual DCA is good in the sense that you are aware of your investment and can make adjustments when necessary.

Whereas the automatic DCA might seem like subjecting yourself to an investment pressure that you have to meet with weekly,  monthly, or quarterly, even in some unfavorable situations such as when your income is not stable.

[ancafe]

Most DCA methods are done manually, although they can also be set to automatic if we are willing to set it to automatic. However, when it comes to implementing and using money for investments like buying Bitcoin, I also prefer manual DCA because it's easier for us and allows us to make adjustments each time we want to buy Bitcoin, even if the amount may not be the same as before. Now, some investors with significant capital have also implemented this method, so the changes in supply and demand volume in Bitcoin in the last few days have begun to appear more distinct, perhaps influenced by slightly more buying pressure than before.

I've seen the DCA feature on several local exchanges, but so far I've never used it. I believe the manual DCA method is much more efficient, allowing us to set our own discretionary income for a more measured implementation. The DCA method can be implemented by anyone and isn't limited to just a few individuals, as it's quite flexible and can be applied at any price level. Generally, we make some adjustments to the average purchase amount using DCA, allowing one to divide the purchase percentage more precisely and precisely.

DCA can be maximized by accurately averaging purchases to maximize long-term purchase prices, reducing risk and fostering discipline in consistent investing. Accuracy is likely much more precise, allowing us to average out the total purchases, allowing investments to grow and develop over time because this method is considered more appropriate for building a better portfolio.

[Taskford]

Sir JayJuanGee, I have read many parts of your valuable post with the purpose of learning. You have presented the matter in a very simple way. You have seriously mentioned the use of DCA method for beginners who have not invested in Bitcoin yet or have bought their first Bitcoin, or those who want to increase their portfolio. From this, I am pretty sure that DCA method can definitely be effective for an investor. We understand DCA to mean spending a certain part of income for example 10% every week or month to buy Bitcoin. It is more like saving for a future goal for me. But for those who do not have a regular income but are new and want to increase their portfolio. Maybe they have a contract job and sometimes cash comes in hand. How realistic is it for them to use a different method?

For example, a person wants to buy Bitcoin at $75 per month. But since that person's job is contract, when he gets cash, he can buy it at once for $225. Which is equal to buying using DCA method for three months.  Would this be realistic and effective?

The DCA amount can be determined each time that a buy is made and so a person can  choose to invest aggressively, whimpy or some variation in between.  DCA's do not need to be automatic and/or for specific amounts or at specific times.

There are people who have irregular amounts of pay, irregular times of pay and irregular expenses, so the amounts and times of the DCA purchase amounts can be adjusted each time that it is made. 

I tend to prefer manual application of DCA rather than automatic, yet of course, for convenience sake and perhaps even for self-disciplinary reasons, some individual prefer to employ automatic DCA.

I think the reason on why some people choose automatic DCA is they want to be consistent and want to make sure that they are regularly investing then remove any emotion since they don't want to think about the volatility of Bitcoin.

But same as you I prefer doing manual DCA since aside that we are in total control with our accumulation, this is flexible  especially for those people have irregular expenses since they can decide on when and how much money to use to buy Bitcoin.

[JayJuanGee]

Most DCA methods are done manually, although they can also be set to automatic if we are willing to set it to automatic. However, when it comes to implementing and using money for investments like buying Bitcoin, I also prefer manual DCA because it's easier for us and allows us to make adjustments each time we want to buy Bitcoin, even if the amount may not be the same as before. Now, some investors with significant capital have also implemented this method, so the changes in supply and demand volume in Bitcoin in the last few days have begun to appear more distinct, perhaps influenced by slightly more buying pressure than before.

I've seen the DCA feature on several local exchanges, but so far I've never used it. I believe the manual DCA method is much more efficient, allowing us to set our own discretionary income for a more measured implementation. The DCA method can be implemented by anyone and isn't limited to just a few individuals, as it's quite flexible and can be applied at any price level. Generally, we make some adjustments to the average purchase amount using DCA, allowing one to divide the purchase percentage more precisely and precisely.

DCA can be maximized by accurately averaging purchases to maximize long-term purchase prices, reducing risk and fostering discipline in consistent investing. Accuracy is likely much more precise, allowing us to average out the total purchases, allowing investments to grow and develop over time because this method is considered more appropriate for building a better portfolio.

What you are saying @ancafe does not make a lot of sense (logically and/or practically), since if a person really wanted to maximize his long term purchases of bitcoin, then he would manually buy with 100% or close to 100% of his discretionary income as soon as such discretionary income becomes available - rather than averaging out his DCA purchases.   

A person who is averaging out his DCA purchases is more likely aiming at trying to make sure that the DCA purchases are convenient and that they don't screw up his weekly cashflow by accidentally using for investment into bitcoin more money than what is available, for example.

If a person is try maximize the price (meaning the lowest price) then he likely is going to be fucking around trying to strategize waiting for low prices, which is likely a waste of time to try to figure out those matters since lower prices may or may not end up happening - so guys who are trying to maximize their ability to profit from bitcoin are likely in a better position to figure out how to accumulate as much of is as they are able to do. 

Accordingly, if a guys i trying to maximize how much bitcoin he is able to get within his income level, then he is likely better off to try to accumulate bitcoin fairly aggressively as soon as his money comes available rather than relying on trying to create systems of regularity, conveniences and non-disruptiveness.   The more hands off and passive that a guy makes his investment into bitcoin, then he is likely gravitating towards whimpy and non-serious investing into bitcoin rather than really focusing on trying to accumulate as much bitcoin as he can as soon as he can. 

For sure, each of us is free to choose our level of aggressiveness in connection with our bitcoin accumulation, and surely there are guys who choose passiveness and convenience rather than figuring out ways to increase their bitcoin accumulation aggressiveness... and yeah, sometimes aggressiveness might not pay off, especially if the price drops after making a lot of bitcoin purchases, and those BTC purchases could have had been made for much lower prices.. yet part of the problem in strategizing around lower prices is that we have no way of really knowing that lower prices will come in the future as compared with today's prices.

[Gost ms]

However, the mere fact that guys have seem to have figured out how to fit in automatic purchase with monthly, weekly or annual payments have made it seem like automatic DCA has to do with a specific amount or time yet I do not condemn the perception because most might find it hard to keep track of purchases or DCA especially newbies so making clear and exact purchase seem to be the only way.

Every person has his own desire to invest in which method. A person has to consider which method is better for him. Because a person can face many types of financial problems. For example, if a person does DCA automatically, then maybe he may fall into a financial crisis. For example, if he does not get salary in a month or week, then if he invests in that month or week and if his investment continues to decline, then maybe he will fall into a financial crisis in that situation. Because he does not have money to meet his family needs. Before investing, it is necessary to meet his family needs. So a person should always do DCA manually and it will be very good for him and his financial situation.

[Bigjoe33]

However, the mere fact that guys have seem to have figured out how to fit in automatic purchase with monthly, weekly or annual payments have made it seem like automatic DCA has to do with a specific amount or time yet I do not condemn the perception because most might find it hard to keep track of purchases or DCA especially newbies so making clear and exact purchase seem to be the only way.

Every person has his own desire to invest in which method. A person has to consider which method is better for him. Because a person can face many types of financial problems. For example, if a person does DCA automatically, then maybe he may fall into a financial crisis. For example, if he does not get salary in a month or week, then if he invests in that month or week and if his investment continues to decline, then maybe he will fall into a financial crisis in that situation. Because he does not have money to meet his family needs. Before investing, it is necessary to meet his family needs. So a person should always do DCA manually and it will be very good for him and his financial situation.

Yea, but I just think that an investor should know how best to balance the equation when things turn bad and striking a balance with there ongoing investment. Perhaps, he might decide to reduce his DCA weekly or monthly in other to increase his amount meant for servicing few other needs since he is having a financial problem, and maybe will increase it when he stabilises in his income. I think there is no need sticking to your DCAing amount while you or the house suffers if you have some financial problems. Because investing under pressure and/or turning a blind eye to an ongoing financial instability presently might be worrisome and may not end well for your investment. Surely, I think one can make some adjustments in income allocation to ensure you reach a certain balance and ensure continuity plus a safe peaceful investment

[Churchillvv]

However, the mere fact that guys have seem to have figured out how to fit in automatic purchase with monthly, weekly or annual payments have made it seem like automatic DCA has to do with a specific amount or time yet I do not condemn the perception because most might find it hard to keep track of purchases or DCA especially newbies so making clear and exact purchase seem to be the only way.

I prefer manual DCA to automated because of the flexibility in it. You can use whatever is the amount of your discretionary income to purchase bitcoin that week because your discretionary income cannot always be the same from week to week. You can buy at your own convenience whenever, your discretionary income is available and discipline you to the point that it becomes a habit to you thay whenever, you have a spare cash, you can put it into bitcoin. Manual DCA helps you control your emotions better by changing  decisions easily

Right that is probably one of the smart opinions I have heard about manual and I’m sure that’s the mere reason old hands usually do manual only and not make everything automated. However for those with faint heart that may not be able to be disciplined enough to keep going at every point can stick with automated DCA until they start to figure themselves out more often and keep the habit. However it alls god as long as accumulation is the end result since we are all in the end chasing some level of freedom or making a retirement plan through bitcoin.

[JayJuanGee]

However, the mere fact that guys have seem to have figured out how to fit in automatic purchase with monthly, weekly or annual payments have made it seem like automatic DCA has to do with a specific amount or time yet I do not condemn the perception because most might find it hard to keep track of purchases or DCA especially newbies so making clear and exact purchase seem to be the only way.

I prefer manual DCA to automated because of the flexibility in it. You can use whatever is the amount of your discretionary income to purchase bitcoin that week because your discretionary income cannot always be the same from week to week. You can buy at your own convenience whenever, your discretionary income is available and discipline you to the point that it becomes a habit to you thay whenever, you have a spare cash, you can put it into bitcoin. Manual DCA helps you control your emotions better by changing  decisions easily

Right that is probably one of the smart opinions I have heard about manual and I’m sure that’s the mere reason old hands usually do manual only and not make everything automated. However for those with faint heart that may not be able to be disciplined enough to keep going at every point can stick with automated DCA until they start to figure themselves out more often and keep the habit. However it alls god as long as accumulation is the end result since we are all in the end chasing some level of freedom or making a retirement plan through bitcoin.

Wouldn't you be too early in your bitcoin journey to be considering a retirement plan Churchillvv.. Of course, if you could transition from living with your parents into living on your own and supporting yourself, then sure maybe you would not have to work as long as you have enough bitcoin to start to be able to employ sustainable withdrawal, but if you are in your early 20s when you start to live off your bitcoin, you likely either have to withdraw at a slow enough rate or maybe you just do whatever extra supplemental work and you just let your bitcoin grow, since it may well be possible for you to transition into living off your bitcoin without necessarily building any more bitcoin, so long as you mostly don't start to withdraw too much too soon from your bitcoin stash.

Sure, some young folks will sometimes be able to live with their parents while they are going to college or maybe even while they are transitioning into some kind of permanent work, and those kinds of relations can allow for some time of reduced expenses while a person may or may not need to continue to build up the bitcoin holdings to the extent that they might consider that more bitcoin might be needed by the time that they might transition into some kind of sustainable withdrawal.

[As-Soon-As]

However, the mere fact that guys have seem to have figured out how to fit in automatic purchase with monthly, weekly or annual payments have made it seem like automatic DCA has to do with a specific amount or time yet I do not condemn the perception because most might find it hard to keep track of purchases or DCA especially newbies so making clear and exact purchase seem to be the only way.

Every person has his own desire to invest in which method. A person has to consider which method is better for him. Because a person can face many types of financial problems. For example, if a person does DCA automatically, then maybe he may fall into a financial crisis. For example, if he does not get salary in a month or week, then if he invests in that month or week and if his investment continues to decline, then maybe he will fall into a financial crisis in that situation. Because he does not have money to meet his family needs. Before investing, it is necessary to meet his family needs. So a person should always do DCA manually and it will be very good for him and his financial situation.

To keep Bitcoin investment safe, it is most necessary to form an emergency fund, because an emergency fund protects Bitcoin investment from any danger. If a person with a short life span regularly adopts Bitcoin investment strategies, he will not face any danger, as long as he has a prudent income and an emergency fund, Bitcoin investment will remain active. Because a low-income person will invest Bitcoin with all the savings he has if he regularly meets the basic needs of the family.
There are some people who should be deprived of unnecessary expenses by spending badly, such as watching movies, smoking, drinking alcohol, and by keeping away from all these addictions, the amount of money that will come from this can be added to his Bitcoin holding every week, and if the DCA method is followed weekly, Bitcoin investment will definitely remain active for a long time.

[BitBakerr1]

However, the mere fact that guys have seem to have figured out how to fit in automatic purchase with monthly, weekly or annual payments have made it seem like automatic DCA has to do with a specific amount or time yet I do not condemn the perception because most might find it hard to keep track of purchases or DCA especially newbies so making clear and exact purchase seem to be the only way.

Every person has his own desire to invest in which method. A person has to consider which method is better for him. Because a person can face many types of financial problems. For example, if a person does DCA automatically, then maybe he may fall into a financial crisis. For example, if he does not get salary in a month or week, then if he invests in that month or week and if his investment continues to decline, then maybe he will fall into a financial crisis in that situation. Because he does not have money to meet his family needs. Before investing, it is necessary to meet his family needs. So a person should always do DCA manually and it will be very good for him and his financial situation.

One of the reasons why you should always do DCA manually is because the future is unknown so just like you explain you may not get paid for some time because of some issues the company you are working for is going through or because of the problem you are having with your bank, and again as long as you are still living you will always face some challenges that we require you not to have any discretionary income lift even if you have a very strong backup funds it may not be enough so we just just focus on doing our DCA manually, and if you think that because of how impatient or unreliable you are that you can't invest if is been done manually then you are not fit to invest in Bitcoin, you need some quality in other to succeed in Bitcoin investment and being able to decide and having management skill are part of what you need and if you can't handle manually DCA strategy then you don't have those qualities.

[Derekfunds]

The DCA amount can be determined each time that a buy is made and so a person can  choose to invest aggressively, whimpy or some variation in between.  DCA's do not need to be automatic and/or for specific amounts or at specific times.

There are people who have irregular amounts of pay, irregular times of pay and irregular expenses, so the amounts and times of the DCA purchase amounts can be adjusted each time that it is made. 

I tend to prefer manual application of DCA rather than automatic, yet of course, for convenience sake and perhaps even for self-disciplinary reasons, some individual prefer to employ automatic DCA.

JJG you are very correct here, DCA don't have to be automatic like the way some person's are seeing it or making it look, DCA is manual, so  you to decide on when and time to make your buy with your leftover money ( discretionary income). Secondly your DCA amount don't have to be specific just the way some person's are seeing or making it look as well, and  some person's even go extra mind to cut budget for their expenses just to invest with the specific amount they have already decided within themselves to be investing on a weekly basis or monthly basis on Bitcoin which is very wrong. Because the amount of money left after settling ones basic needs and expenses is the amount you should be investing in bitcoin even if it's not up to the amount money you wish to be investing on a weekly basis or monthly basis. Because There is no point in overdoing, just be consistent in accumulating bitcoin with any amount of leftover after setting outside money for your basic needs and expenses and trust me before you know it you will accumulate a good portion of bitcoin to hold for long term.

Some people do use the automated or automatic way of accumulating Bitcoin and there is nothing wrong with that  if they are okay with it and I think people who use this method of accumulating Bitcoin are those that has a stable and a steady source of income because everything will be constant unless they want to vary it which can be as result of change in source of Income. But people without a stable and steady source of income should use the manual way of accumulating Bitcoin because it will safe them a lot of stress and drama while carrying out their accumulation.

[AuchanX]

Sir JayJuanGee, I have read many parts of your valuable post with the purpose of learning. You have presented the matter in a very simple way. You have seriously mentioned the use of DCA method for beginners who have not invested in Bitcoin yet or have bought their first Bitcoin, or those who want to increase their portfolio. From this, I am pretty sure that DCA method can definitely be effective for an investor. We understand DCA to mean spending a certain part of income for example 10% every week or month to buy Bitcoin. It is more like saving for a future goal for me. But for those who do not have a regular income but are new and want to increase their portfolio. Maybe they have a contract job and sometimes cash comes in hand. How realistic is it for them to use a different method?

For example, a person wants to buy Bitcoin at $75 per month. But since that person's job is contract, when he gets cash, he can buy it at once for $225. Which is equal to buying using DCA method for three months.  Would this be realistic and effective?

The DCA amount can be determined each time that a buy is made and so a person can  choose to invest aggressively, whimpy or some variation in between.  DCA's do not need to be automatic and/or for specific amounts or at specific times.

There are people who have irregular amounts of pay, irregular times of pay and irregular expenses, so the amounts and times of the DCA purchase amounts can be adjusted each time that it is made. 

I tend to prefer manual application of DCA rather than automatic, yet of course, for convenience sake and perhaps even for self-disciplinary reasons, some individual prefer to employ automatic DCA.

As you said, investing in this way increases the level of freedom a lot. Continuing DCA by following a strict schedule regularly becomes difficult for many people. Especially when there are various financial changes, expenses and responsibilities in life. But what you mentioned, the method of investing DCA in the amount according to your ability from time to time and understanding your situation, really makes investing much easier and more bearable. And for me, if I do not have freedom in investing, I sometimes feel stressed while maintaining consistency. In such a situation, there is a possibility of making wrong decisions.

[Olatundespo]

The DCA amount can be determined each time that a buy is made and so a person can  choose to invest aggressively, whimpy or some variation in between.  DCA's do not need to be automatic and/or for specific amounts or at specific times.

There are people who have irregular amounts of pay, irregular times of pay and irregular expenses, so the amounts and times of the DCA purchase amounts can be adjusted each time that it is made. 

I tend to prefer manual application of DCA rather than automatic, yet of course, for convenience sake and perhaps even for self-disciplinary reasons, some individual prefer to employ automatic DCA.

JJG you are very correct here, DCA don't have to be automatic like the way some person's are seeing it or making it look, DCA is manual, so  you to decide on when and time to make your buy with your leftover money ( discretionary income). Secondly your DCA amount don't have to be specific just the way some person's are seeing or making it look as well, and  some person's even go extra mind to cut budget for their expenses just to invest with the specific amount they have already decided within themselves to be investing on a weekly basis or monthly basis on Bitcoin which is very wrong. Because the amount of money left after settling ones basic needs and expenses is the amount you should be investing in bitcoin even if it's not up to the amount money you wish to be investing on a weekly basis or monthly basis. Because There is no point in overdoing, just be consistent in accumulating bitcoin with any amount of leftover after setting outside money for your basic needs and expenses and trust me before you know it you will accumulate a good portion of bitcoin to hold for long term.

Some people do use the automated or automatic way of accumulating Bitcoin and there is nothing wrong with that  if they are okay with it and I think people who use this method of accumulating Bitcoin are those that has a stable and a steady source of income because everything will be constant unless they want to vary it which can be as result of change in source of Income. But people without a stable and steady source of income should use the manual way of accumulating Bitcoin because it will safe them a lot of stress and drama while carrying out their accumulation.

It might be better to use only automated DCA. But you can still relax a bit during price increases. Although I personally do this because I turn off automated DCA when Bitcoin is very aggressive. I adjust my accumulation by aggressively buying during price corrections. I personally avoid buying shit garbage but I consider a 4-year cycle target for Bitcoin investments instead of considering annual ones. I think if you are mentally strong in your long term Bitcoin goals, you can set up a strategy through discretionary income.

Strategies for increasing the amount of Bitcoin accumulation with increasing income sources emergency fund use of reserve fund to meet small emergency needs when you are aware of the issues of ancillary investments, it will be easier for you to overcome each cycle of Bitcoin in the long term.

[JayJuanGee]

Sir JayJuanGee, I have read many parts of your valuable post with the purpose of learning. You have presented the matter in a very simple way. You have seriously mentioned the use of DCA method for beginners who have not invested in Bitcoin yet or have bought their first Bitcoin, or those who want to increase their portfolio. From this, I am pretty sure that DCA method can definitely be effective for an investor. We understand DCA to mean spending a certain part of income for example 10% every week or month to buy Bitcoin. It is more like saving for a future goal for me. But for those who do not have a regular income but are new and want to increase their portfolio. Maybe they have a contract job and sometimes cash comes in hand. How realistic is it for them to use a different method?

For example, a person wants to buy Bitcoin at $75 per month. But since that person's job is contract, when he gets cash, he can buy it at once for $225. Which is equal to buying using DCA method for three months.  Would this be realistic and effective?

The DCA amount can be determined each time that a buy is made and so a person can  choose to invest aggressively, whimpy or some variation in between.  DCA's do not need to be automatic and/or for specific amounts or at specific times.

There are people who have irregular amounts of pay, irregular times of pay and irregular expenses, so the amounts and times of the DCA purchase amounts can be adjusted each time that it is made. 

I tend to prefer manual application of DCA rather than automatic, yet of course, for convenience sake and perhaps even for self-disciplinary reasons, some individual prefer to employ automatic DCA.

As you said, investing in this way increases the level of freedom a lot. Continuing DCA by following a strict schedule regularly becomes difficult for many people. Especially when there are various financial changes, expenses and responsibilities in life. But what you mentioned, the method of investing DCA in the amount according to your ability from time to time and understanding your situation, really makes investing much easier and more bearable. And for me, if I do not have freedom in investing, I sometimes feel stressed while maintaining consistency. In such a situation, there is a possibility of making wrong decisions.

We can still impose discipline upon ourselves within parameters and choose our level of aggressiveness, whether we do that with manual DCA or with automatic DCA.

So a person could set up his DCA so that it buys $10 of bitcoin no matter what every single week, so even if the guy forgets to do his manual DCA, he may well realize that his $10 BTC purchase is going to be made every single week as long as his automatic DCA set-up is working properly.

He can also have a manual process in which he will decide to add to his bitcoin investment every week or every other week, so he can set the exact timeline in which he will manually enter the DCA amount.

He could also set it up so that he ONLY buys bitcoin once his savings exceeds $200 extra, so he is not going to even consider buying bitcoin until the "extra cash" buying threshold is met, and he might have set the exact criteria.

Another possibility might be that he has a schedule in which two times per month he looks at his various balances of his accounts and his cashflow projections, and he will make his decision regarding how much to invest into bitcoin (if anything) during each of those twice a month sessions.. perhaps the first and third tuesday of each month.. or whatever day or date that he might choose.

So the guys could set it up rigidly or he could set it up loosely, and surely I consider that guys who are new to bitcoin and who are building up their bitcoin knowledge, practices and systems, then they likely would be better off to be more rigid in their reviews in the beginning and perhaps later as their system is already in place and they had gotten used to following it, then maybe they would allow for more leniency and flexibility.

I am not necessarily advocating a loosey-goosey approach to bitcoin, even though I am acknowledging that the level of rigidity and/or aggressiveness versus the level of whimpiness are totally within the discretion of each person to figure out their levels and their priorities, and they will need to live with the consequences of their choices, even though sometimes they might not even realize the impact of some of their choices for several years down the road.. perhaps even 4-10 years or longer, when they are looking at their earlier choices and their earlier set ups, they may or may not be able to measure the impact of their earlier choices.. .Did they choose to invest $100 per week or $10 per week.  Did they choose to review their system twice a month or once a quarter?  Choices can have consequences that might not be too easy to see in the short-term, yet in the longer term they start to show themselves and even rippling (compounding) effects.

The DCA amount can be determined each time that a buy is made and so a person can  choose to invest aggressively, whimpy or some variation in between.  DCA's do not need to be automatic and/or for specific amounts or at specific times.

There are people who have irregular amounts of pay, irregular times of pay and irregular expenses, so the amounts and times of the DCA purchase amounts can be adjusted each time that it is made. 

I tend to prefer manual application of DCA rather than automatic, yet of course, for convenience sake and perhaps even for self-disciplinary reasons, some individual prefer to employ automatic DCA.

JJG you are very correct here, DCA don't have to be automatic like the way some person's are seeing it or making it look, DCA is manual, so  you to decide on when and time to make your buy with your leftover money ( discretionary income). Secondly your DCA amount don't have to be specific just the way some person's are seeing or making it look as well, and  some person's even go extra mind to cut budget for their expenses just to invest with the specific amount they have already decided within themselves to be investing on a weekly basis or monthly basis on Bitcoin which is very wrong. Because the amount of money left after settling ones basic needs and expenses is the amount you should be investing in bitcoin even if it's not up to the amount money you wish to be investing on a weekly basis or monthly basis. Because There is no point in overdoing, just be consistent in accumulating bitcoin with any amount of leftover after setting outside money for your basic needs and expenses and trust me before you know it you will accumulate a good portion of bitcoin to hold for long term.

Some people do use the automated or automatic way of accumulating Bitcoin and there is nothing wrong with that  if they are okay with it and I think people who use this method of accumulating Bitcoin are those that has a stable and a steady source of income because everything will be constant unless they want to vary it which can be as result of change in source of Income. But people without a stable and steady source of income should use the manual way of accumulating Bitcoin because it will safe them a lot of stress and drama while carrying out their accumulation.

It might be better to use only automated DCA. But you can still relax a bit during price increases. Although I personally do this because I turn off automated DCA when Bitcoin is very aggressive. I adjust my accumulation by aggressively buying during price corrections. I personally avoid buying shit garbage but I consider a 4-year cycle target for Bitcoin investments instead of considering annual ones. I think if you are mentally strong in your long term Bitcoin goals, you can set up a strategy through discretionary income.

Strategies for increasing the amount of Bitcoin accumulation with increasing income sources emergency fund use of reserve fund to meet small emergency needs when you are aware of the issues of ancillary investments, it will be easier for you to overcome each cycle of Bitcoin in the long term.

I am not much of a fan of the idea of changing levels of aggressiveness of bitcoin accumulation in accordance with Bitcoin price movements, since I think that the level of aggressiveness is choosen in accordance with the strength of the cashflow management systems and practices.

If you are purposefully setting a lower DCA amount during regular times, then essentially you are purposefully holding back some value that you would like to invest during dips, and perhaps you have not really established how you are going to invest on such dips because you lack confidence in regards to how low the dip might go until you can see the circumstances for the dip, so you want to be able to make that judgment regarding how much to invest or how much of a dip based on your assessment of the dip while it is happening.

I personally think that a lot of those fantasies about being able to identify the dip or when to buy the dip and how much to dip to buy during such dip based on the then dippening dynamics are wastes of time, energies and brainpower.. and perhaps even wastes of money too to be holding back value for such fantasy situations that may or may not end up happening.

Surely guys who are in their earliest stages of buying bitcoin are likely better served by ongoing buying of bitcoin and attempting to structure their level of bitcoin buying aggressiveness based on the strength of their cashflow management rather than getting distracted by the BTC price.

Don't get me wrong. .if a guy puts some systems into place in which he would buy certain amounts of extra bitcoin at certain dippening amounts, yet he is still holding back value in order to accomplish such buys, so any such holding back of value is not without trade offs.  Of course, guys who have higher levels of discretionary income and/or maybe they had saved up and/or invested in other assets prior to coming into bitcoin, so there can be situations in which guys have extra assets that they might later choose to allocate to bitcoin, even if they might not have had chosen to allocate such assets to bitcoin at the time that they had first gotten involved buying bitcoin.