Service or Bot for effective and timely DCA execution?

[Peanutswar]

In addition, I may not have the money at the exact price, or I may want to hold off a bit to get a better rate. There are a lot of influencing factors.

This is right because bots don't consider all those. What bot know is to follow the command activated. As a manual DCA buyer you are at liberty to take a decision to buy or hold on at a particular time, price or circumstances but I believe bot will always trigger buy if you have some fund enough there for the trade DCA. Manually you may have the fund but not emotionally balanced to buy and the negative factor about bot is that it lacks emotion.

This time the exchange now are setting a up for their users to grab the chance when they hit the specified number which his just putting a limit on it they can automatically bought when the price reaches the settled ideal price by the user even in sell so you don't need to use a Bot any more this way another expensive on your side than use those funds for your investment OP

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[wxa7115]

Another alternative is if you are busy on schedule or don't use some exchanges feature about DCA, what if left some limit order on some prices you want?
Let's say you decided to do DCA and already analyzed it too, then you know that you have a busy schedule, then use the limit orders of exchanges and set the prices on which want you to buy.

A good idea, however I wonder how busy can a person be to not be able to perform a DCA strategy? Even if we assume the strategy was performed each week, buying some bitcoin will at worst take you a few minutes, if someone cannot really spare a few minutes each week to perform this strategy then I wonder about their time management and how serious they are about this market.

As anyone that wants to reach some level of success on almost any activity needs to be willing to invest way more time than that.

[rat03gopoh]

I don't want any bots to authorize my funds unattended because I have so much faith that it will be fine all the time. I imagined what it would be like if all my bitcoins were gone sometime before I realized it.
I don't care about the real-life activities, if I make DCA a new commit then I definitely have time to make purchases manually no matter how it's set up.

[el kaka22]

I do not know how a bot could take money from your bank account to your crypto and buy? If you already have it in stable or something, then yeah surely you can do it, that wouldn't be that hard, hell put an alarm on your phone and buy it when you can, if you are unable at that moment, postpone it a day and try again and you will do it, it is that simple.

But, if the money is on your bank account like mine, then you need to just do it yourself and there is no bot that could help you, because no bot could take the money out of your bank account. I personally invest per month, no matter what the price is, and I have grown accustomed to it, that means I just do it automatically like a bot, and it doesn't really take longer than 10 minutes of my time once a month.

[michellee]

I don't think it's a good idea because you can buy at a high price if you use bots. Marking the calendar every week or every month will make you remember when you should buy Bitcoin with the DCA strategy. I also use that method and only need to view and monitor exchanges before I buy.

And if the price or trend is up by the time I want to buy Bitcoin, I will wait a bit. But if the price keeps increasing, I will still buy it because the DCA method uses a predetermined schedule. Other people may use DCA but in other ways. And it's true that it takes discipline to do DCA still and it's worth it.

You are on the right track using the DCA method but you need the discipline to stick to a schedule to buy Bitcoins. It takes practice so you can regularly buy Bitcoin in the present moment.