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Author Topic: What's your actual dca strategy?  (Read 262 times)
Outhue (OP)
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September 09, 2023, 09:20:04 AM
 #1

Instead of just DCAing because you can afford that tinny amount every month well there is a risk you probably don't know about.

Assuming you plan to invest for 12 months by dollar cost averaging, and you keep buying 200$ worth of bitcoin every week or month, do you know that there will be times where the market will go up rather than down? DCAing at such times are increasing your risks.

There is a saying that, stay away from the green candles, do not chase them.

There is DCAing when the market is going Up and DCAing when the market is going down, well I have been investing since last year now and my DCA on Bitcoin only happens when there is a bigger dip and so far it's my best plan yet.

What is your own DCA strategy like? Investing based on value averaging? Dollar cost averaging? I think it's better to have some dollars awaiting your buying signal and buy the better dips.

Monthly investment is the best frequency to some people, they advice to never delay any investment, are you one of those people? Regarding of the price action of that month?

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September 09, 2023, 09:57:55 AM
 #2

But, and this is the big but, it takes a level of market foresight that many people, even seasoned traders, dont always have.

If everyone could correctly predict each dip, the market would be a very different place, wouldnt it? Now, staying away from green candles makes sense in theory, but its not always easy to do.

DCAing is great because you set it and forget it. It helps people cope with the crypto market's dramatic swings. While I like your sharp market assessments, I disagree that DCAing during market upswings necessarily raises risk. Truth is more nuanced and involves numerous aspects. Every investor must decide how much risk they can bear and act accordingly.

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September 09, 2023, 10:17:19 AM
 #3

(...)
Assuming you plan to invest for 12 months by dollar cost averaging, and you keep buying 200$ worth of bitcoin every week or month, do you know that there will be times where the market will go up rather than down? DCAing at such times are increasing your risks.
This is good actually, just set your schedule when to buy and don't hesitate, don't look at the price because that's your plan.
Your plan is to buy using the DCA strategy, so if you set it weekly, then buy weekly regardless of the price of Bitcoin. Especially if you do DCA on bear market, very worth it.

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September 09, 2023, 10:19:22 AM
 #4

Like I had mentioned somewhere else before, it is an individual-investor's kind of division making. Some times it also boils down to the investment funds you have on ground. Investors like you who just started last year are likely to go into the DCA than investors that begin since 2009, 2010, and so on. Because they have understudy the market volatility over time and overly familiar with the system. They tend to go with the Lump sum instead.

Anothrr reason could be the nature of trade you do outside the Bitcoin network. Maybe you are a serial entrepreneur who's trying new trades almost frequently and you need to access investments on monthly or quarterly bases. You're likely to be more interesting in ghe DCA. It could be more simplified through the use of Active and Passive investors for instance.

Everything lies on the choice and preferences of the investor whom must have made technical and financial investigations or survey on how the market flows. Or just simply by their level of tolerance to taking risks or even mere choice of decision.

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September 09, 2023, 10:25:18 AM
 #5

DCA*-ing is not about timing the markets. You DCA when the markets go down or go up. The current market situation isn’t important to you. Anything you do other than buying monthly/weekly (with fixed amount btw) isn’t DCA-ing anymore. It may become a better or worse strategy than DCA’ing but it is not DCA’ing. If you buy more during the certain market periods then that means you are trying to time the markets and that certainly isn’t DCA’ing.

*DCA = Dollar Cost Averaging


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September 09, 2023, 10:51:12 AM
 #6

Assuming you plan to invest for 12 months by dollar cost averaging, and you keep buying 200$ worth of bitcoin every week or month, do you know that there will be times where the market will go up rather than down? DCAing at such times are increasing your risks.
If after you did a DCA round, price goes up, it is good because you can sell it for profit.

Quote
There is a saying that, stay away from the green candles, do not chase them.
I know you want to find better or best entries for your DCA but by being obsessive with finding good entries, you are becoming a speculator, trader, not an investor with DCA strategy.

When you try to do this, you will find bottoms by that you will miss bottoms.

Quote
Monthly investment is the best frequency to some people, they advice to never delay any investment, are you one of those people? Regarding of the price action of that month?
You can DCA monthly or quarterly if you don't have big capital to do weekly DCA. Because if you use too small capitap for DCA, you will pay higher rate for withdrawal fee compares to total capital you buy at that time.

Buying on an exchange and leave your bitcoin there, wait for two or three months for one withdrawal is terrible practice.

Reminder: Do not keep your money in online account.
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September 09, 2023, 11:07:39 AM
 #7

Instead of just DCAing because you can afford that tinny amount every month well there is a risk you probably don't know about.

DCA is a good means to buy and hodl bitcoin if one has the opportunity to do so, nevertheless, being the perfect means does not mean it also don't have a little risk involved in using the pattern, why i may not see it as a bad decision to use DCA method is because it provides you the time and every opportunity to invest at your very best convenience, it also ensure that risk of loosing much when you invested is reduced, it's our own part to decide how to make the best use of DCA in accumulating bitcoin to our advantage with any strategy we use.
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September 09, 2023, 12:27:28 PM
 #8

What is your own DCA strategy like? Investing based on value averaging? Dollar cost averaging? I think it's better to have some dollars awaiting your buying signal and buy the better dips.
Value average is a good strategy as the investor will set his target growth rate and constantly adjust contributions to suit the target. The ultimate goal is to buy more when the price is low and less when the price goes high. This strategy will be profitable if you can always predict the movement of the market accurately which is somehow impossible. Value average is not also convenient for new investors due to it's complexity.

Quote
Monthly investment is the best frequency to some people, they advice to never delay any investment, are you one of those people? Regarding of the price action of that month?

Value average can lead to procrastination and delay in investment. Keeping money aside for investment and waiting for the right time to invest can be risky. You might be tempted to use the money for other things. It will be better to be consistent than to keep procrastinating until you miss an opportunity to buy. For me there is no best time to buy Bitcoin, I buy whenever I have the money.

R


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September 09, 2023, 12:41:22 PM
 #9

This is good actually, just set your schedule when to buy and don't hesitate, don't look at the price because that's your plan.
Your plan is to buy using the DCA strategy, so if you set it weekly, then buy weekly regardless of the price of Bitcoin. Especially if you do DCA on bear market, very worth it.
Yes. If someome gonna be worried about the price then there will be compromise on doing DCA. We cant always win the market so better to be safe when it comes to buying common shares. Fortunately we can feel it as were privilege to have some weekly btc coins from our signature fampaign regarding of the price of btc on the market.

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September 09, 2023, 12:46:25 PM
 #10

I just convert in BTC every portion of money I receive in any fiat currency. I do it immediately when I get a fiat income. I don’t need any specific timeframe for this. As to me, holding a fiat currency means accepting high risk. Not only a risk of inflation, but also a risk of confiscation.
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September 09, 2023, 12:46:32 PM
 #11

Assuming you plan to invest for 12 months by dollar cost averaging, and you keep buying 200$ worth of bitcoin every week or month, do you know that there will be times where the market will go up rather than down? DCAing at such times are increasing your risks.
If I plan to accumulate  bitcoins for a year by using the DCA method, I will try to keep money for it weekly and make it more frequent like investing every week or every two weeks. I will also not want to make it a fixed amount that is small, I will invest the spare money I can get which is not always the same amount, sometimes it can be bigger, at other times smaller. Investing small amounts monthly for a year may not be enough, and is a waste of time, because in a year where you would have had more opportunities to invest, you restricted yourself to just twelve times for the entire year. If you invest huge amounts, then maybe the twelve times may work.

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September 09, 2023, 12:49:16 PM
 #12

There is a saying that, stay away from the green candles, do not chase them.
DCA results won't be optimal this way, you may miss out on some purchases in the bullish market that you should have made.
DCA is actually one way to minimize skepticism from any market conditions including green candles because your purchases are always small amounts. If the market is in the green, hope that you have started DCA long before that.
DCA's most important suggestion is consistency.

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September 09, 2023, 12:57:37 PM
 #13

Instead of just DCAing because you can afford that tinny amount every month well there is a risk you probably don't know about.

Assuming you plan to invest for 12 months by dollar cost averaging, and you keep buying 200$ worth of bitcoin every week or month, do you know that there will be times where the market will go up rather than down? DCAing at such times are increasing your risks.

The idea of DCA is to average your buy price since you will never know when will the price will dip that’s why user consistently purchases fixed amount of money on a certain date regularly. There’s a tendency that you keep wait and wait for a dip until it never happened since the price of Bitcoin is unpredictable.

Yes your idea is really good assuming that the asset show same pattern per year but Bitcoin is different because it can pump quickly while you are still waiting for the huge dump. DCA method is use to avoid FOMO buy while you already have the capital or if you have a regular income on a certain date.

Again, You are assuming a scenario that you are predicting a dip every month which is not the case.

Example: You can have a much better average price if you purchase on  16k, 18k, and 20k instead when the price dip from 25k to 19K which you will purchase according to the plan on avoiding green candle.

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September 09, 2023, 01:11:56 PM
 #14


There is DCAing when the market is going Up and DCAing when the market is going down, well I have been investing since last year now and my DCA on Bitcoin only happens when there is a bigger dip and so far it's my best plan yet.
This not DCA,you are buying at the dip. This strategy is good because you buy bitcoin in a discount price and will have a significant amount but it is very risky because you might end up not accumulating the amount of bitcoin can you would have if you were using DCA method at a given period of time. This is because it is not easy to predict the market movement and when after waiting for sometimes the market didnt go as you expect,you might end up spending your funds before the dip. One the other hand DCA is the best method to accumulate more bitcoin into your bitcoin investment portfolio because it will lead to consistent increase in your bitcoin investment either when you are buying in the bear or bull market. It is just like someone working and assigned a certain amount,let's say 10% of his income monthly to his savings and he just allow the money to keep on piling up. We all have saving in a particular period of time or presently. This is the same with bitcoin when you believe in it,you use 10% of your weeklyor monthly income to DCA based on your cash inflow. Although this strategy is for those people that have steady cash inflow and not for those that dont have steady cash inflow,if not they might end up going back to sell from their investment as a sign to show that they are not prepared for the DCA method. Both methods are good strategy but for a newbie,it is advisable that they buy at the dip. I use both methods,


What is your own DCA strategy like? Investing based on value averaging? Dollar cost averaging? I think it's better to have some dollars awaiting your buying signal and buy the better dips.
I use DCA monthly and i buy at lump when i recieve a huge funds that i dont need for a long period of time.

R


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September 09, 2023, 01:20:11 PM
 #15

I like thinking of DCA as being less prone to fluctuations. If you're buying small chunks of bitcoin every week, then you will definitely buy when it's considered low (as it did in late 2022). You will likely alleviate the potential loss.

There is no perfect strategy. Just think what is more suitable for your life. Is it buying $200 worth of bitcoin every week? Is it every month? Is it every once you get paid? You might think you can time the market, which in that case would be more preferable to have big capital and spend it for one purchase.

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kryptqnick
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September 09, 2023, 01:21:24 PM
 #16

I think DCA is just a good strategy because it's very simple, calm, and realistic. A person chooses a fixed amount that one can afford to invest per month, and just commits to doing it, no matter how the price is moving. And of course, it's more profitable to buy at a low price than if it rises, but with DCA you win some and lose some, without needing to stress over market analysis, finding the right time to buy or sell, etc. Occasionally buying when the price is on the rise isn't a problem, IMO. The only time when I'd say DCA can be unwise is a few months of a rapid bull market that happen once every 2-3 years, but that's just generally not a great investing time.

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September 09, 2023, 01:46:33 PM
 #17

So far, I keep accumulating the stats I am getting from the signature campaign,; this is my only DCA at this moment. No matter the market price, I get a round amount of USD in Bitcoin, and am not moving them around. Sometimes, I spend a little from there. But I did not spend much since I joined the signature campaign. I believe signature income is somewhat pocket money for some people and I guess it's not primary income of a person. So, instead of spending them all, you can hold it until the next bullrun and you may get a good return. Investing forum earned money is better than buying Bitcoin.

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September 09, 2023, 01:58:10 PM
 #18

Personally I prefer to DCA after a year-long bear market, like in 2019 or this year even, ideally leading into the halving, in order to try and get a reasonable discount.

I found this a good strategy during 2019 and I imagine from $20K prices last year to $30K this year will also turn out to be good/fair prices in the coming years. Also not a huge fan of DCA >50% of ATH, in order to get a 50% discount when averaging into the price, though this year I will probably be OK with DCA up to around $40K rather than just 50% of ATH, even if price returns to $20K thereafter.

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September 09, 2023, 02:04:39 PM
 #19

There is DCAing when the market is going Up and DCAing when the market is going down, well I have been investing since last year now and my DCA on Bitcoin only happens when there is a bigger dip and so far it's my best plan yet.

You just don't have the right, long-term vision.

Assuming you plan to invest for 12 months by dollar cost averaging, and you keep buying 200$ worth of bitcoin every week or month, do you know that there will be times where the market will go up rather than down? DCAing at such times are increasing your risks.

It is foolish to do DCA for only 12 months with bitcoin. You have to look at it over 4 years. Or at least, now that we are 7 or 8 months away from halving, for a couple of years. But if I were you, I would look at it even more in the long term, which is what I do. Bitcoin is a unique asset, and it is going to become more and more in demand and scarce. It is worth considering keeping bitcoin forever, even to leave it as an inheritance, so you can accumulate amounts that are comfortable for you and take advantage of bull markets to partially sell and make profits, but always keeping bitcoin in the long term.

What is your own DCA strategy like?

Forget about the ups and downs of the market and continue to accumulate as much as I can, with a long-term perspective. As I have explained in other threads there are different variations of DCA, the most typical being to buy the same amount over the same period of time. But you may have more money available to buy at certain times and then take the opportunity to buy more, especially when the market is bearish.


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September 09, 2023, 02:26:31 PM
 #20


There is DCAing when the market is going Up and DCAing when the market is going down, well I have been investing since last year now and my DCA on Bitcoin only happens when there is a bigger dip and so far it's my best plan yet.

Waiting for a big DIP is actually what DCA method addresses. If you wish to wait for a dip before investing I most at times think that you’re wasting the opportunity to buy. Once the market isn’t close to the ATH then I would say buy because without the certainty of what will come next it is better to cease that opportunity. What if one waits to for a dip before buying and that particular target price doesn’t come again, or probably the markets continues to green from that price you would have missed the opportunity waiting for a dip.


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Monthly investment is the best frequency to some people, they advice to never delay any investment, are you one of those people? Regarding of the price action of that month?

Why most people actually go for monthly investment could actually be related to the fact that most people use their monthly salaries for the investment or the fact that at least the market will have change within that thirty days in month. DCA strategies should be done on how you feel it suits you properly or goes in line with your income but do not wait too long for a dip before making any investment most especially if you’re coming new to the market

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