How DCA Could Have Prevented Your from Losing More

[el kaka22]

If people knew how well DCA could make you profit as well, they would have started doing that a long time ago. I personally believe that we should not be really shocked with the current situation, all in all I have to say that the best thing we could do right now would be to accumulate as much as we can.

DCA is basically dollar cost averaging, which means that when you buy at 30k, you buy at 25k too, not 35k, but I do that too. Doesn't matter where it is, I keep on buying more and more and more whenever I get money. This results with me never getting all in at single price, I get in from multiple places and that’s how I make my money. That’s how we should approach it as well.

[sovie]

If people knew how well DCA could make you profit as well, they would have started doing that a long time ago. I personally believe that we should not be really shocked with the current situation, all in all I have to say that the best thing we could do right now would be to accumulate as much as we can.

DCA is basically dollar cost averaging, which means that when you buy at 30k, you buy at 25k too, not 35k, but I do that too. Doesn't matter where it is, I keep on buying more and more and more whenever I get money. This results with me never getting all in at single price, I get in from multiple places and that’s how I make my money. That’s how we should approach it as well.

Something new I have learned today. Added it in my list and I am surely going to search how to do it.
So much good stuff you learn through forum - I a happy I am a member too.

[South Park]

I basically did DCA from very low amount until 2020 or so and that allowed me to drop the average from 2017. I had some from 15k+ range, and dropped that to 5k and then even increased it to 10-11k range as well by DCA but gained a lot more amount. This allowed me to be in profit even when it was 25-26k recently, and definitely a lot more in profit when it was 60k+ as well. I am not going to sell unless I absolutely need to.

And that is when DCA really shines, if you can use the strategy for long enough even if you got in at the beginning at a bad price and you bought expensive coins then as time passes and we have to face a bear market this gives you the opportunity to lower your average price at which you bought your coins by a significant margin, however most people never think about doing something like this and instead they sell their coins under those conditions, something that is a really bad idea but which a lot of newbies end up doing due to their inexperience.

[mindrust]

DCA indeed prevents you from losing more but it also prevents you from making more. Throwinig lump sum money might make you more money but you need to be able to time the markets. That's where DCA'ing really shine. If you DCA for a long time, you get the average price of that time line. It will minimize both your losses and gains. TA gurus usually go all in and all out because they know when to make these moves but average Joe's should stick with DCA'ing.

[sovie]

DCA indeed prevents you from losing more but it also prevents you from making more. Throwinig lump sum money might make you more money but you need to be able to time the markets. That's where DCA'ing really shine. If you DCA for a long time, you get the average price of that time line. It will minimize both your losses and gains. TA gurus usually go all in and all out because they know when to make these moves but average Joe's should stick with DCA'ing.

How many people are really aware of the DCA calculator?
Although one can make calculation but does it implies every where?

[Cookdata]

I basically did DCA from very low amount until 2020 or so and that allowed me to drop the average from 2017. I had some from 15k+ range, and dropped that to 5k and then even increased it to 10-11k range as well by DCA but gained a lot more amount. This allowed me to be in profit even when it was 25-26k recently, and definitely a lot more in profit when it was 60k+ as well. I am not going to sell unless I absolutely need to.

Was your dollar cost average monthly buy or weekly? it turned out that when you DCA, you will end up with much in daily buy but if you have the opportunity to do that on monthly and buy more more especially when it dipped in price, you will found out that the monthly is more favorable.
I learnt that the bear market is always long, this is the perfect time to establish that buying habit but unfortunately, people fear this bear market like they do fear bed bugs, they don't know that this opportunity will never returned again, just like buyers who are waiting btc to come down to $10k.

[Mahanton]

I basically did DCA from very low amount until 2020 or so and that allowed me to drop the average from 2017. I had some from 15k+ range, and dropped that to 5k and then even increased it to 10-11k range as well by DCA but gained a lot more amount. This allowed me to be in profit even when it was 25-26k recently, and definitely a lot more in profit when it was 60k+ as well. I am not going to sell unless I absolutely need to.

Was your dollar cost average monthly buy or weekly? it turned out that when you DCA, you will end up with much in daily buy but if you have the opportunity to do that on monthly and buy more more especially when it dipped in price, you will found out that the monthly is more favorable.
I learnt that the bear market is always long, this is the perfect time to establish that buying habit but unfortunately, people fear this bear market like they do fear bed bugs, they don't know that this opportunity will never returned again, just like buyers who are waiting btc to come down to $10k.

Monthly or weekly might be outstretched considering that the price condition do actively changes most of the time which means losing chances on getting in into those cheaper price
is something that be done on a hurry and thats why its really important that you do always have back up funds for situations or conditions like this on where you could able to
accumulate if you wanted to but of course not all would be minding about this  stuff since they do come after for long term aspect which means
whatever the timeframe on the time they would make out purchase wouldnt matter much.

[sovie]

I basically did DCA from very low amount until 2020 or so and that allowed me to drop the average from 2017. I had some from 15k+ range, and dropped that to 5k and then even increased it to 10-11k range as well by DCA but gained a lot more amount. This allowed me to be in profit even when it was 25-26k recently, and definitely a lot more in profit when it was 60k+ as well. I am not going to sell unless I absolutely need to.

Was your dollar cost average monthly buy or weekly? it turned out that when you DCA, you will end up with much in daily buy but if you have the opportunity to do that on monthly and buy more more especially when it dipped in price, you will found out that the monthly is more favorable.
I learnt that the bear market is always long, this is the perfect time to establish that buying habit but unfortunately, people fear this bear market like they do fear bed bugs, they don't know that this opportunity will never returned again, just like buyers who are waiting btc to come down to $10k.

Monthly or weekly might be outstretched considering that the price condition do actively changes most of the time which means losing chances on getting in into those cheaper price
is something that be done on a hurry and thats why its really important that you do always have back up funds for situations or conditions like this on where you could able to
accumulate if you wanted to but of course not all would be minding about this  stuff since they do come after for long term aspect which means
whatever the timeframe on the time they would make out purchase wouldnt matter much.

I tried to do some calculations today through DCA but I am not sure how to do it?
Can anyone help me with it. I am sorry in advance if my question looks silly to you. Looking fwd for your reply - thank you!

[Mahanton]

I basically did DCA from very low amount until 2020 or so and that allowed me to drop the average from 2017. I had some from 15k+ range, and dropped that to 5k and then even increased it to 10-11k range as well by DCA but gained a lot more amount. This allowed me to be in profit even when it was 25-26k recently, and definitely a lot more in profit when it was 60k+ as well. I am not going to sell unless I absolutely need to.

Was your dollar cost average monthly buy or weekly? it turned out that when you DCA, you will end up with much in daily buy but if you have the opportunity to do that on monthly and buy more more especially when it dipped in price, you will found out that the monthly is more favorable.
I learnt that the bear market is always long, this is the perfect time to establish that buying habit but unfortunately, people fear this bear market like they do fear bed bugs, they don't know that this opportunity will never returned again, just like buyers who are waiting btc to come down to $10k.

Monthly or weekly might be outstretched considering that the price condition do actively changes most of the time which means losing chances on getting in into those cheaper price
is something that be done on a hurry and thats why its really important that you do always have back up funds for situations or conditions like this on where you could able to
accumulate if you wanted to but of course not all would be minding about this  stuff since they do come after for long term aspect which means
whatever the timeframe on the time they would make out purchase wouldnt matter much.

I tried to do some calculations today through DCA but I am not sure how to do it?
Can anyone help me with it. I am sorry in advance if my question looks silly to you. Looking fwd for your reply - thank you!

https://www.youtube.com/watch?v=bY8Eu9D9bzA
https://www.youtube.com/watch?v=hQinhrtPLQc

Hope this one helps and you could find out other sources which would be relevant or something good in terms of
DCA definition or on how its been done. Its up to you whether you would be applying this or not.Good luck!

[sovie]

Hope this one helps and you could find out other sources which would be relevant or something good in terms of
DCA definition or on how its been done. Its up to you whether you would be applying this or not.Good luck!

Good links shared. Thank you for sharing the links.
DCA methods are really good for making the calculations. The one who has shared them have done justice to the forum.