JJG’s Outline of Bitcoin Investment Ideas

[Crytohillss]

From my understanding, DCA strategy is based on your source of income. This is why the DCA days are planned around your pay day if you're a salary earner. So it is not necessarily that folks choose DCA days weekly or monthly just for choosing sake, it should be based on when you are likely going to receive your income with which you figure out your discretionary income and then invest in bitcoin. When you're fixing your DCA strategy away from your income days, then you may not be able to reserve your money until that date that you have chosen. Money management is not very important in bitcoin investment. So if you are hoping to keep yourself very principled without investing as soon as you have your discretionary income, you may not be able to invest again.

Absolutely money management is actually the backbone of any serious business man including Bitcoin with out it even the by method can fall apart because people ended up over committing or reacting emotionally when things get tougher. I agree with your opinion about new people when the message look like discipline isn't habit in reality consistent and proper budgeting are what keeps individuals in the track long enough to actualize their benefits.

[Nheer]

and when the strategy is properly used then there is no way that you wont get your results that is just one of the benefits.

Investing properly is the real deal and just as you've mentioned DCA makes investing easy but it doesn't guarantee success or results. It's just an accumulation strategy that helps people get consistent with their accumulation and also good for long term investment. Investing rightly doesn't guarantee success so we should be careful with our words.

Stop presenting DCA as if it is a magic key or some kind of shortcut to success in bitcoin accumulation. I can tell you for free that DCA would only work well for people who know what they’re doing and should a person just keep blindly following DCA, it doesn’t guarantee their success with their investment.
The idea that it automatically saves your purchase price or makes long term holding very very easy is misleading, DCA eliminates timing pressure we know that , but it doesn’t diminish risk or poor financial habits. If a person isn’t disciplined while implementing DCA strategy in their investment, they can still very much fail in it.
And comparing it to wealthy investors doesn’t really change much either, whether you jump in once or step in gradually, the market doesn’t owe you a smooth ride. DCA simply spreads the risks that are bound to arise in your investment journey, but it doesn’t remove it totally .
So In simple terms, DCA is not a shortcut ,it’s just a steady path and if you don’t have the right mindset to walk that path consistently then it won’t take you anywhere.

You have a point but it doesn't matter if you know what you're doing or you're consciously investing using DCA it still wouldn't guarantee anything at all. Success is not tied to the strategy you use, DCA is just a tool and if you accumulate well consistently for a long period you are just a step closer to success but the outcome of your investment is not tied to your accumulation instead it depends on how well Bitcoin doesn't after all those years if you were able to accumulate well enough.

[Brizi5000]

Money management is not very important in bitcoin investment..

It is very misleading to say that money management is not very important In bitcoin investment because as a bitcoin investor without the right financial management skills it will be very difficult for us to be able to figure out the discretionary income which we need to use in buying and investing in bitcoin. This is the more reason why you see many individuals today even though they have numerous sources of income around them they still find it difficult to be able to invest in bitcoin simply because of poor financial management skills. And also there are those who doesn’t have steady or stable source of income but they are investing in bitcoin consistently, now have you ever wondered why those set of people are consistently investing in bitcoin even without a steady or numerous source of income. The whole thing revolves around having the right financial management skills and without that it will be practically impossible to invest in bitcoin because at the end of the day you can’t figure out a discretionary income to use for investing in bitcoin. So I disagree with the is statement that money management is not important In bitcoin investment. You have to be able to know how to make important decisions in your finances and not to spend on frivolously things so that you can be able to remain some money for your discretionary income to use in buying bitcoin.

[Houston240]

and when the strategy is properly used then there is no way that you wont get your results that is just one of the benefits.

Investing properly is the real deal and just as you've mentioned DCA makes investing easy but it doesn't guarantee success or results. It's just an accumulation strategy that helps people get consistent with their accumulation and also good for long term investment. Investing rightly doesn't guarantee success so we should be careful with our words.

Stop presenting DCA as if it is a magic key or some kind of shortcut to success in bitcoin accumulation. I can tell you for free that DCA would only work well for people who know what they’re doing and should a person just keep blindly following DCA, it doesn’t guarantee their success with their investment.
The idea that it automatically saves your purchase price or makes long term holding very very easy is misleading, DCA eliminates timing pressure we know that , but it doesn’t diminish risk or poor financial habits. If a person isn’t disciplined while implementing DCA strategy in their investment, they can still very much fail in it.
And comparing it to wealthy investors doesn’t really change much either, whether you jump in once or step in gradually, the market doesn’t owe you a smooth ride. DCA simply spreads the risks that are bound to arise in your investment journey, but it doesn’t remove it totally .
So In simple terms, DCA is not a shortcut ,it’s just a steady path and if you don’t have the right mindset to walk that path consistently then it won’t take you anywhere.

You have a point but it doesn't matter if you know what you're doing or you're consciously investing using DCA it still wouldn't guarantee anything at all. Success is not tied to the strategy you use, DCA is just a tool and if you accumulate well consistently for a long period you are just a step closer to success but the outcome of your investment is not tied to your accumulation instead it depends on how well Bitcoin doesn't after all those years if you were able to accumulate well enough.

I agree with your point. DCA is just a method use in the accumulation of Bitcoin, that doesn't mean that when you are using it you will be guaranteed to become a successful investor. DCA. is just a method which can maybe change of fail in time coming. If you don't know anything about Bitcoin or DCA method and you venture into it, you can loose a lot of money or lose your investments. Alot of investors or will I say newbies who doesn't know anything about how DCA works will always use it but when they make loss in it they start complaining about it. DCA doesn't guarantee us to become successful when using it.

[sotelorene]

From my understanding, DCA strategy is based on your source of income. This is why the DCA days are planned around your pay day if you're a salary earner. So it is not necessarily that folks choose DCA days weekly or monthly just for choosing sake, it should be based on when you are likely going to receive your income with which you figure out your discretionary income and then invest in bitcoin. When you're fixing your DCA strategy away from your income days, then you may not be able to reserve your money until that date that you have chosen. Money management is not very important in bitcoin investment. So if you are hoping to keep yourself very principled without investing as soon as you have your discretionary income, you may not be able to invest again.

Absolutely money management is actually the backbone of any serious business man including Bitcoin with out it even the by method can fall apart because people ended up over committing or reacting emotionally when things get tougher. I agree with your opinion about new people when the message look like discipline isn't habit in reality consistent and proper budgeting are what keeps individuals in the track long enough to actualize their benefits.

Dude, you are not a newbie or beginner for crying out loud, this isn't what i posted perhaps you were in a rush to pick out off point which I was not the one that posted it and in case you want to doubt me below is the link to my post so you know I'm not the one that said "Money management is not important in Bitcoin investment " I mean why will I even say such when business itself is about money management and good ideas.

https://bitcointalk.org/index.php?topic=5376945.msg66651084#msg66651084

[Merit.s]

Money management is not very important in bitcoin investment..

It is very misleading to say that money management is not very important In bitcoin investment because as a bitcoin investor without the right financial management skills it will be very difficult for us to be able to figure out the discretionary income which we need to use in buying and investing in bitcoin. This is the more reason why you see many individuals today even though they have numerous sources of income around them they still find it difficult to be able to invest in bitcoin simply because of poor financial management skills. And also there are those who doesn’t have steady or stable source of income but they are investing in bitcoin consistently, now have you ever wondered why those set of people are consistently investing in bitcoin even without a steady or numerous source of income. The whole thing revolves around having the right financial management skills and without that it will be practically impossible to invest in bitcoin because at the end of the day you can’t figure out a discretionary income to use for investing in bitcoin. So I disagree with the is statement that money management is not important In bitcoin investment. You have to be able to know how to make important decisions in your finances and not to spend on frivolously things so that you can be able to remain some money for your discretionary income to use in buying bitcoin.

Financial management isn't important for a brand new investor to get started because that will be a waste of time as a no coiner. Provided that the brand new investor can figure out his discretionary income, he can start investing right away and learn about his financial situation in order to enable him use only his discretionary income to DCA consistently.

Along the line after you have started your bitcoin investment, you start learning on financial management gradually to enable you use the right amount of money for the right purpose. Bitcoin long-term investment does not only discipline you but also enable you to have a good financial management skills in future after you have made some mistakes that affected the growth of your bitcoin portfolio.

This is why when investing with DCA after a year, you have to reassess your bitcoin portfolio to see if the strategy you are using and amount is putting your portfolio in progress or not.

[Moreno233]

I agree with your point. DCA is just a method use in the accumulation of Bitcoin, that doesn't mean that when you are using it you will be guaranteed to become a successful investor. DCA. is just a method which can maybe change of fail in time coming. If you don't know anything about Bitcoin or DCA method and you venture into it, you can loose a lot of money or lose your investments. Alot of investors or will I say newbies who doesn't know anything about how DCA works will always use it but when they make loss in it they start complaining about it. DCA doesn't guarantee us to become successful when using it.

You seems to have forgotten what the DCA method is because if you truly understood how it works, you will not make this statement. The DCA method is just a convenient way of accumulating Bitcoin, the ultimate aim is to own Bitcoin and hold it for long and the DCA method is just one way that helps the investor achieve that. The DCA method does not have to fail because I don't even see how that will work when the DCA method does not care about the price but only concern about the investor buying as at when due. Saying that the DCA fails is redundant, it has no bearing as it is only a tool. Please don't fight the method, instead embrace it and help yourself with an easy way of accumulating Bitcoin without too many complications.

[Grace333]

and when the strategy is properly used then there is no way that you wont get your results that is just one of the benefits.

Investing properly is the real deal and just as you've mentioned DCA makes investing easy but it doesn't guarantee success or results. It's just an accumulation strategy that helps people get consistent with their accumulation and also good for long term investment. Investing rightly doesn't guarantee success so we should be careful with our words.

Sure DCA is a good strategy but it doesn't guarantee success or profit. As long-term investors it would be best to focus more on how to effectively use the strategy or in combination with other strategy to get the best out of accumulation at that point in time. For instance bitcoin is still at the dip and if you manage to get a discretionary income, you might as well try to use the DCA, lump sum and buy the dip together to accumulate bitcoin. But then I like to think that the result of our accumulation is tied to the timeline that we choose to invest in bitcoin since we've already adopted a consistent accumulation approach. The longer the timeline the more hedge you have over inflation. Though there is no certainty of profit for holders but if bitcoin continues to be bitcoin then it would be a matter of how much time and money you put in.

[Nheer]

I agree with your point. DCA is just a method use in the accumulation of Bitcoin, that doesn't mean that when you are using it you will be guaranteed to become a successful investor. DCA. is just a method which can maybe change of fail in time coming. If you don't know anything about Bitcoin or DCA method and you venture into it, you can loose a lot of money or lose your investments. Alot of investors or will I say newbies who doesn't know anything about how DCA works will always use it but when they make loss in it they start complaining about it. DCA doesn't guarantee us to become successful when using it.

You seems to have forgotten what the DCA method is because if you truly understood how it works, you will not make this statement. The DCA method is just a convenient way of accumulating Bitcoin, the ultimate aim is to own Bitcoin and hold it for long and the DCA method is just one way that helps the investor achieve that. The DCA method does not have to fail because I don't even see how that will work when the DCA method does not care about the price but only concern about the investor buying as at when due. Saying that the DCA fails is redundant, it has no bearing as it is only a tool. Please don't fight the method, instead embrace it and help yourself with an easy way of accumulating Bitcoin without too many complications.

Also his statement is wrongly framed about DCA when he mentioned that "if you don't know anything about Bitcoin or DCA and you venture into it you can lose your money". DCA doesn't require deep knowledge to carryout and lacking that doesn't mean you will lose your money it just increase the chances of making wrong decisions like selling out of fear or pausing your investment immaturely. The main issue with DCA is not knowledge but lack of discipline to be consistent. DCA is more suitable for beginners because it simplify the hardest part of investing like timing the market, reducing stress and many more and doesn't require expert level knowledge.

[Jaycoinz]

I agree with your point. DCA is just a method use in the accumulation of Bitcoin, that doesn't mean that when you are using it you will be guaranteed to become a successful investor. DCA. is just a method which can maybe change of fail in time coming. If you don't know anything about Bitcoin or DCA method and you venture into it, you can loose a lot of money or lose your investments. Alot of investors or will I say newbies who doesn't know anything about how DCA works will always use it but when they make loss in it they start complaining about it. DCA doesn't guarantee us to become successful when using it.

You seems to have forgotten what the DCA method is because if you truly understood how it works, you will not make this statement. The DCA method is just a convenient way of accumulating Bitcoin, the ultimate aim is to own Bitcoin and hold it for long and the DCA method is just one way that helps the investor achieve that. The DCA method does not have to fail because I don't even see how that will work when the DCA method does not care about the price but only concern about the investor buying as at when due. Saying that the DCA fails is redundant, it has no bearing as it is only a tool. Please don't fight the method, instead embrace it and help yourself with an easy way of accumulating Bitcoin without too many complications.

The reason why the DCA method can't fail and have proven to be the best is that you the investor doesn't necessarily need to do much thinking and calculations as you have simply said it's a tool and you are the one that will make that tool to stop working for you and that's when you stop using it but if you are using the DCA method their is no way you won't achieve your goals with your investment. There is a reason why the DCA method is the most preferred system when it comes to Bitcoin investments and it's also the most convenient as even investors with low discretionary income and start up investment via the DCA method.

[Bright0515]

Money management is not very important in bitcoin investment. So if you are hoping to keep yourself very principled without investing as soon as you have your discretionary income, you may not be able to invest again.

Based on my perspectives I believe the bold part of your comment is wrong, the reason why I believe it's wring is that if you don't manage money properly it is obvious that you will eventually invest with your survival money instead of investing from your discretionary income which is also known as your leftover money. There are many disadvantages of not knowing how to manage money properly during your investment era's which of course I have said one already. The second reason why its important to manage money properly during your investment era's is that if you eventually buy Bitcoin with your survival money (based on lack of money management) you will one day sell out of loss while if Bitcoin goes the opposite direction of what you expected.

Buying Bitcoin aggressively without proper money management will also affect you financially and emotionally too, because you will not have any spare money, for the fact that you don't care about money management you might not consider settling all necessary bills before you start buying Bitcoin and it will definitely affect you financially and emotionally in the future. Basically, since you don't know how to manage money you will not also consider having an emergency funds before you start your investment and if by any chance any emergency situation occurs you will sell part of your Bitcoin to sort out the emergency situation at hand. Even though you are always on money but you can't manage them properly you can't be DCA'ing regularly, some days you might have a lot of money then you invest with it while few other times you might not because you can manage your cash flow properly and it's wrong. And I believe we all know that so long you have become emotional so days you will become greedy of the market and Sundays you will sell out of loss and that's because you no longer make proper decisions rather you decide through your emotions.

[batang_bitcoin]

Though there is no certainty of profit for holders

I would say that you're wrong, although investing and holding bitcoin is risky. There's much more certainty in profiting in it than putting your money in the bank and earn almost nothing due to inflation or in any altcoins.

but if bitcoin continues to be bitcoin then it would be a matter of how much time and money you put in.

Bitcoin = Bitcoin.
It will always remain to be. And the longer we hold, the better results we'll have.

[Father111]

and when the strategy is properly used then there is no way that you wont get your results that is just one of the benefits.

Investing properly is the real deal and just as you've mentioned DCA makes investing easy but it doesn't guarantee success or results. It's just an accumulation strategy that helps people get consistent with their accumulation and also good for long term investment. Investing rightly doesn't guarantee success so we should be careful with our words.

Stop presenting DCA as if it is a magic key or some kind of shortcut to success in bitcoin accumulation. I can tell you for free that DCA would only work well for people who know what they’re doing and should a person just keep blindly following DCA, it doesn’t guarantee their success with their investment.
The idea that it automatically saves your purchase price or makes long term holding very very easy is misleading, DCA eliminates timing pressure we know that , but it doesn’t diminish risk or poor financial habits. If a person isn’t disciplined while implementing DCA strategy in their investment, they can still very much fail in it.
And comparing it to wealthy investors doesn’t really change much either, whether you jump in once or step in gradually, the market doesn’t owe you a smooth ride. DCA simply spreads the risks that are bound to arise in your investment journey, but it doesn’t remove it totally .
So In simple terms, DCA is not a shortcut ,it’s just a steady path and if you don’t have the right mindset to walk that path consistently then it won’t take you anywhere.

You have a point but it doesn't matter if you know what you're doing or you're consciously investing using DCA it still wouldn't guarantee anything at all. Success is not tied to the strategy you use, DCA is just a tool and if you accumulate well consistently for a long period you are just a step closer to success but the outcome of your investment is not tied to your accumulation instead it depends on how well Bitcoin doesn't after all those years if you were able to accumulate well enough.

I agree with your point. DCA is just a method use in the accumulation of Bitcoin, that doesn't mean that when you are using it you will be guaranteed to become a successful investor. DCA. is just a method which can maybe change of fail in time coming. If you don't know anything about Bitcoin or DCA method and you venture into it, you can loose a lot of money or lose your investments. Alot of investors or will I say newbies who doesn't know anything about how DCA works will always use it but when they make loss in it they start complaining about it. DCA doesn't guarantee us to become successful when using it.

Let us throw more light on this, according to what Houston240 is saying that DCA strategy doesn't guarantee success in Bitcoin yet many investors prefer invest with DCA strategy than any other strategies, or are you telling me that investors buying and accumulate for fun using DCA strategy, perhaps this message can misleading newbies since DCA strategy doesn't guarantee successful in future when using it.

[whiteblue]

Let us throw more light on this, according to what Houston240 is saying that DCA strategy doesn't guarantee success in Bitcoin yet many investors prefer invest with DCA strategy than any other strategies, or are you telling me that investors buying and accumulate for fun using DCA strategy, perhaps this message can misleading newbies since DCA strategy doesn't guarantee successful in future when using it.

Are you discussing future success? If yes, I believe the DCA strategy is key to a smooth Bitcoin investment. This is because DCA is a continuous buying strategy implemented once a week, or depending on how it's set up.

Success requires a sound investment strategy, with the primary goal of accumulating Bitcoin in our portfolio.
If we frequently buy Bitcoin every week for several years to come, our entry points will varies vary depending on the Bitcoin price.

I'm sure investors starting out now prefer using the DCA strategy, as we've seen many large investors accumulating Bitcoin. Success isn't measured by when you start investing, success will come decades down the road, perhaps even sooner than we expect.

[obuoma]

Let us throw more light on this, according to what Houston240 is saying that DCA strategy doesn't guarantee success in Bitcoin yet many investors prefer invest with DCA strategy than any other strategies, or are you telling me that investors buying and accumulate for fun using DCA strategy, perhaps this message can misleading newbies since DCA strategy doesn't guarantee successful in future when using it.

I think we should define what constitute sucess in Bitcoin investment eveb though it is subjective, this will help us know what we need to achieve it. Even though many people will have different definitions of what they consider success  in Bitcoin Investmemt, what I think should be a successful investment in Bitcoin is when the investor is able to always have Bitcoin irrespective of the price and his age. This means never running out of what the investor can consider a good quantity of Bitcoin. I chose this definition because if an investor sells all his coins when price hits ATH and probably use the money for something else, even if he would have made some profits, I can't say he is completely successful as an investor because Bitcoin still remains one the best investment anyone can both in terms of profitability,  anti-inflation, and even easy of doing business. In conclusion, a successful Bitcoin investor is one that will never run out of Bitcoin, someone that would have accumulated a good stash of it and have probably reached over accumulation based on his targets from when he started.

[Queen uloma]

I sometimes get surprised when investment consistency is discussed here. Not everyone can maintain consistency on a weekly or monthly basis.

Consistency doesn’t really mean that you’re perfect, it simply means that you’re trying to show up when you can and you’re disciplined. not everyone  that has a steady income or stable condition to invest everyday or every month end. Most times life can hit with different problems, like emergency and other expenses, which can make you not to meet up your target. So, It doesn’t really mean you should follow weekly or monthly pattern. What really matters is to build it base on your own capacity. You can do it once in a while in as much as you’re serious about it and you don’t invest emotionally.

[Grease5000]

I sometimes get surprised when investment consistency is discussed here. Not everyone can maintain consistency on a weekly or monthly basis.

Consistency doesn’t really mean that you’re perfect, it simply means that you’re trying to show up when you can and you’re disciplined. not everyone  that has a steady income or stable condition to invest everyday or every month end. Most times life can hit with different problems, like emergency and other expenses, which can make you not to meet up your target. So, It doesn’t really mean you should follow weekly or monthly pattern. What really matters is to build it base on your own capacity. You can do it once in a while in as much as you’re serious about it and you don’t invest emotionally.

I get your point, and I agree. In Bitcoin, consistency isn’t about being perfect or sticking to a rigid schedule. It’s more about staying committed over time. Life happens, unexpected expenses, emergencies so not everyone can invest weekly or monthly, and that’s okay.

What matters is building your position based on your capacity. Even if you buy once in a while, as long as you’re disciplined and not investing emotionally, you’re still moving forward. Long-term growth in Bitcoin rewards patience, not pressure.

[Baki202]

I agree with your point. DCA is just a method use in the accumulation of Bitcoin, that doesn't mean that when you are using it you will be guaranteed to become a successful investor. DCA. is just a method which can maybe change of fail in time coming. If you don't know anything about Bitcoin or DCA method and you venture into it, you can loose a lot of money or lose your investments. Alot of investors or will I say newbies who doesn't know anything about how DCA works will always use it but when they make loss in it they start complaining about it. DCA doesn't guarantee us to become successful when using it.

You seems to have forgotten what the DCA method is because if you truly understood how it works, you will not make this statement. The DCA method is just a convenient way of accumulating Bitcoin, the ultimate aim is to own Bitcoin and hold it for long and the DCA method is just one way that helps the investor achieve that. The DCA method does not have to fail because I don't even see how that will work when the DCA method does not care about the price but only concern about the investor buying as at when due. Saying that the DCA fails is redundant, it has no bearing as it is only a tool. Please don't fight the method, instead embrace it and help yourself with an easy way of accumulating Bitcoin without too many complications.

A lot of people know DCA but they some of them don't know thatbit was designed for you to make things very easy is just for you to know how it works because it makes accumulating convenient so  that they will know what they working with because they are always making a lot of mistakes, it is because of its meaning that people are encouraged to even use the DCA method becomes one way of the other you need to have a projection of what you are targeting and that is why will show the effectiveness of DCA not just doing it because others are doing it that is the mistake a lot of people are doing. And the only people that it as not failed is does that have followed it diligently because that is what matters the most is are you buying and how consistent are you buying, investor already know all this things so it is not even difficult for them to understand at all.

[GeorgeJohn]

I agree with your point. DCA is just a method use in the accumulation of Bitcoin, that doesn't mean that when you are using it you will be guaranteed to become a successful investor. DCA. is just a method which can maybe change of fail in time coming. If you don't know anything about Bitcoin or DCA method and you venture into it, you can loose a lot of money or lose your investments. Alot of investors or will I say newbies who doesn't know anything about how DCA works will always use it but when they make loss in it they start complaining about it. DCA doesn't guarantee us to become successful when using it.

You seems to have forgotten what the DCA method is because if you truly understood how it works, you will not make this statement. The DCA method is just a convenient way of accumulating Bitcoin,

It's not for accumulating a bitcoin, but to purchase a dollar when it's in low price, during DCA, you're expected to invest more due to the price have decreases and you're investing or accumulating with a target, with the target of the price to increase 10x so that profit will be made in large form...

the ultimate aim is to own Bitcoin and hold it for long and the DCA method is just one way that helps the investor achieve that.

Holding bitcoin for long-term, doesn't mean that you will purchase bitcoin during DCA, despite that the main focus of invest is to purchase and accumulate it during DCA, whereas they're people who accumulate their bitcoin daily and it doesn't matter if the price of Bitcoin is high or low, but they accumulate because they have a target...

The DCA method does not have to fail because I don't even see how that will work when the DCA method does not care about the price but only concern about the investor buying as at when due. Saying that the DCA fails is redundant, it has no bearing as it is only a tool. Please don't fight the method, instead embrace it and help yourself with an easy way of accumulating Bitcoin without too many complications.

Are you sure you understand what's DCA? They're people doesn't purchase bitcoin on DCA, but they purchase bitcoin at their convenient time and also when their capital is available...

[Silikiem]

and when the strategy is properly used then there is no way that you wont get your results that is just one of the benefits.

Investing properly is the real deal and just as you've mentioned DCA makes investing easy but it doesn't guarantee success or results. It's just an accumulation strategy that helps people get consistent with their accumulation and also good for long term investment. Investing rightly doesn't guarantee success so we should be careful with our words.

Stop presenting DCA as if it is a magic key or some kind of shortcut to success in bitcoin accumulation. I can tell you for free that DCA would only work well for people who know what they’re doing and should a person just keep blindly following DCA, it doesn’t guarantee their success with their investment.
The idea that it automatically saves your purchase price or makes long term holding very very easy is misleading, DCA eliminates timing pressure we know that , but it doesn’t diminish risk or poor financial habits. If a person isn’t disciplined while implementing DCA strategy in their investment, they can still very much fail in it.
And comparing it to wealthy investors doesn’t really change much either, whether you jump in once or step in gradually, the market doesn’t owe you a smooth ride. DCA simply spreads the risks that are bound to arise in your investment journey, but it doesn’t remove it totally .
So In simple terms, DCA is not a shortcut ,it’s just a steady path and if you don’t have the right mindset to walk that path consistently then it won’t take you anywhere.

You have a point but it doesn't matter if you know what you're doing or you're consciously investing using DCA it still wouldn't guarantee anything at all. Success is not tied to the strategy you use, DCA is just a tool and if you accumulate well consistently for a long period you are just a step closer to success but the outcome of your investment is not tied to your accumulation instead it depends on how well Bitcoin doesn't after all those years if you were able to accumulate well enough.

I agree with your point. DCA is just a method use in the accumulation of Bitcoin, that doesn't mean that when you are using it you will be guaranteed to become a successful investor. DCA. is just a method which can maybe change of fail in time coming. If you don't know anything about Bitcoin or DCA method and you venture into it, you can loose a lot of money or lose your investments. Alot of investors or will I say newbies who doesn't know anything about how DCA works will always use it but when they make loss in it they start complaining about it. DCA doesn't guarantee us to become successful when using it.

Let us throw more light on this, according to what Houston240 is saying that DCA strategy doesn't guarantee success in Bitcoin yet many investors prefer invest with DCA strategy than any other strategies, or are you telling me that investors buying and accumulate for fun using DCA strategy, perhaps this message can misleading newbies since DCA strategy doesn't guarantee successful in future when using it.

Well it depends on what your measure of success is In bitcoin investment. Are you measuring success in terms of profit or you’re measuring bitcoin investment success to refer to a situation where an investor have accumulated really good amounts of bitcoin and hold for many years to come. If the latter of profit making is your measurement of success In bitcoin investment then such is a wrong mindset because profit is not a guarantee In bitcoin Investment due to the volatile nature of bitcoin. But there’s a high chance of you being able to attain some level of success with the DCA  in terms of accumulating a decent amount of bitcoin and reached your accumulation target or even over accumulation and hold for at least 5-10 years or more, the reason is because the DCA is an effective method of buying bitcoin which means that you’re regularly buying bitcoin at any market price and hold which will help you to achieve your accumulation target or over accumulation status