DCA on a real account: does it work?

[tjtonmoy]

DCA is a complete strategy itself. You put certain amount of money after certain period of time. It should be continuous until you decide to sell for a profit. If you make any changes in it or if you temper with the continuity, then it does not stay as DCA.
I got your idea and strategy. You came up with something new by combining different strategies that already exist. But when you change something in a strategy it becomes something else. It could be new or it could already exist.

As you have mentioned that you are not a regular trader and you want a passive way to make income then I would suggest sticking to the DCA method. It should not be a short-term profit scheme rather you should focus on long term. DCA does not guarantee steady gain. The price may fall time to time but if you hold for long enough you will see gain. In DCA, All it takes is patience and strong will to hold till you see profits. But if you want short-term profit you will have to go through the complicated learning of trading process. If you're not yet ready for that then it should stick with DCA in my opinion.

[beerlover]

DCA is a complete strategy itself. You put certain amount of money after certain period of time. It should be continuous until you decide to sell for a profit. If you make any changes in it or if you temper with the continuity, then it does not stay as DCA.
I got your idea and strategy. You came up with something new by combining different strategies that already exist. But when you change something in a strategy it becomes something else. It could be new or it could already exist.

As you have mentioned that you are not a regular trader and you want a passive way to make income then I would suggest sticking to the DCA method. It should not be a short-term profit scheme rather you should focus on long term. DCA does not guarantee steady gain. The price may fall time to time but if you hold for long enough you will see gain. In DCA, All it takes is patience and strong will to hold till you see profits. But if you want short-term profit you will have to go through the complicated learning of trading process. If you're not yet ready for that then it should stick with DCA in my opinion.

That's true, the biggest profit maker for any passive way to make money would be DCA, that way you would be able to make a profit and you would not have to worry about anything else. I understand that some people think that it would be hard to make profit because they see that the bottom and the top are very far away and you could trade them and make a bigger profit but the reality is that most people who try to make a trade like that ends up making the wrong trade and lose money instead of make more.

DCA is a safe method, it doesn't require you to know any trading, any charts or anything and you still get to make a safe profit, that is a lot better and should be considered a lot easier as well. That's what I have been doing for years and it looks good for now.

[Bitcoin_people]

If you are an investor then definitely use DCA method it will save you from maximum. The most important things you should know when you start investing are avoiding risk and being aware of market volatility. If you can analyze the various strategies of the market when you invest then you can definitely profit. That is why the most important thing for your success in trading is technical analysis which will help you to always maintain positive thoughts. That's why using DCA when you invest will always bring you to a profitable level, and will play a major role in the success of your business.

[barisbilgili]

If you are an investor then definitely use DCA method it will save you from maximum. The most important things you should know when you start investing are avoiding risk and being aware of market volatility. If you can analyze the various strategies of the market when you invest then you can definitely profit. That is why the most important thing for your success in trading is technical analysis which will help you to always maintain positive thoughts. That's why using DCA when you invest will always bring you to a profitable level, and will play a major role in the success of your business.

Using several strategies in investing will certainly be able to reduce the losses we will incur so that we can maintain the assets we have in various situations and also we can still overcome them when we make mistakes that we accidentally make. Choosing the DCA method in investing is very profitable if we have passive income then we will be able to take the time to buy it in stages, but if we don't have passive income I think it is difficult to use this method.

[cheezcarls]

For me, DCA is for those who are thinking long term and not caring about the volatility of Bitcoin. It is what I have been doing in the past year where I am doing dollar-cost averaging on Bitcoin and Ethereum with my extra money.

Although technically it is less riskier than day trading, but it is still subject to market volatility and has no guarantees or promises, but accumulating while waiting for the bull market would be great.

As of now, I am at a profit where I bought them when it was still at $18k to $23k range, but there are a couple of deposits I have made where I am still at a loss at around $30k to $31k range.

We might be excited for the halving, but always be prepared for the unexpected happenings.

[traderethereum]

If you are an investor then definitely use DCA method it will save you from maximum. The most important things you should know when you start investing are avoiding risk and being aware of market volatility. If you can analyze the various strategies of the market when you invest then you can definitely profit. That is why the most important thing for your success in trading is technical analysis which will help you to always maintain positive thoughts. That's why using DCA when you invest will always bring you to a profitable level, and will play a major role in the success of your business.

Using several strategies in investing will certainly be able to reduce the losses we will incur so that we can maintain the assets we have in various situations and also we can still overcome them when we make mistakes that we accidentally make. Choosing the DCA method in investing is very profitable if we have passive income then we will be able to take the time to buy it in stages, but if we don't have passive income I think it is difficult to use this method.

That is why many people recommend using the DCA method. They don't have to buy at one time but divide it over several times to get various low prices.
We have to try to do this so that we can also have lots of Bitcoin in investing. If we can continue to use DCA regularly, we will not worry about market price movements because our investment goal is long term.

We also won't think much about the news circulating or changing price movements. We can use it to our advantage in buying Bitcoin at low prices.

[tjtonmoy]

DCA is a safe method, it doesn't require you to know any trading, any charts or anything and you still get to make a safe profit, that is a lot better and should be considered a lot easier as well. That's what I have been doing for years and it looks good for now.

DCA is safe only when it's done right. The main thing that we need to focus while doing DCA is to have patience and not get influenced by our own emotions. In technical terms, it is easy because as you mentioned we don't need any complex knowledge about charts, market, and all the other strategies required for trading. All we need to do is know how to buy Bitcoin and safely store it. That's all there is to it.

But it only becomes hard when we are holding it throughout all the market movements that may lead many people to panic still and sell at a loss. DCA does not give you profit instantly like trading. It takes a longer period of time and in order to hold throughout that time frame we need to have strong emotion control. Otherwise, as mentioned people will sell at a loss just because they weren't ready to hodl. From what I can tell, you have been in this for a while and you know how things works. But for a newbie, it is going to be difficult if they don't know how market works and how they should control their emotions. So I should suggest learning emotion control before doing DCA or before coming into the crypto platform.

[Lakai01]

[...]
But for a newbie, it is going to be difficult if they don't know how market works and how they should control their emotions. So I should suggest learning emotion control before doing DCA or before coming into the crypto platform.

I see it differently. Especially for newcomers to the market DCA is a top strategy to build up a stock of coins. Both if the person plans to invest money in the long term (savings plans, ...) and if you want to invest in a coin with a fixed amount (eg 1.000€). Emotions play absolutely no role here and you can not make bad purchases (if you stick to the plan, of course). This is a massive relief, especially for newcomers to the very volatile crypto market. I have seen enough "newbies" who got out after the smallest losses and missed the chance for big profits.

[Sim_card]

As a beginner, DCA will help you accumulate bitcoin regularly, which gives you a better chance of increasing you bitcoin investment portfolio with ease and faster. It is been confirmed by expert investors that as long as you are hodling for a long term, DCA method of accumulating bitcoin will serve you better because you have made a budget of the actual amount that you will use to buy bitcoin regularly, either weekly or monthly. DCA strategy is the way to passive income when you invest in bitcoin, this is because you will always buy bitcoin irrespective of the price movement of bitcoin and your portfolio will keep on increasing bit by bit. If can you use DCA method to accumulate for one circle and sell at the bull run.

[Inwestour]

As a beginner, DCA will help you accumulate bitcoin regularly, which gives you a better chance of increasing you bitcoin investment portfolio with ease and faster. It is been confirmed by expert investors that as long as you are hodling for a long term, DCA method of accumulating bitcoin will serve you better because you have made a budget of the actual amount that you will use to buy bitcoin regularly, either weekly or monthly. DCA strategy is the way to passive income when you invest in bitcoin, this is because you will always buy bitcoin irrespective of the price movement of bitcoin and your portfolio will keep on increasing bit by bit. If can you use DCA method to accumulate for one circle and sell at the bull run.

The DCA strategy itself will not make you rich if you fail to use it properly. If you buy Bitcoin on ATH, then you will significantly worsen the conditions and, as a result, the average purchase price will allow you to make a significantly smaller profit than if you started buying at the bottom of the bear market. And for this you need to have a lot of necessary knowledge, so the strategy itself for a beginner will not be the solution to all his problems or some kind of magic recipe that will make him wealthy.

[tjtonmoy]

I see it differently. Especially for newcomers to the market DCA is a top strategy to build up a stock of coins. Both if the person plans to invest money in the long term (savings plans, ...) and if you want to invest in a coin with a fixed amount (eg 1.000€). Emotions play absolutely no role here and you can not make bad purchases (if you stick to the plan, of course). This is a massive relief, especially for newcomers to the very volatile crypto market. I have seen enough "newbies" who got out after the smallest losses and missed the chance for big profits.

Emotion does not play a role while buying, but while hodling. I agree that a newcomer can accumulate bitcoin despite the volatile nature of the market, and that could be achieved by doing DCA. Emotion does not play a role and there are no bad purchases if we stick to plan, that's right. But DCA does not give you profit instantly. You need to keep Hodling till it reaches its peak so that you can get a good amount of profit. Imagine a newbie without any emotion control who is facing a market fluctuation. Without any knowledge of emotion control, he will panic sell for sure and make a loss.

It is OK to start without any knowledge and anything while doing DCA, but if you don't learn it later on, then that should be a huge problem. The internet is full of FOMO, FUD and all those influencers influencing people to take bad decisions. In a place like that, sticking to the plan without emotion control is really hard. You will fall victim for sure.