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Author Topic: DCA, the most convenient way to increase your bitcoin as an investor.  (Read 1889 times)
Cryptoprincess101
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September 05, 2024, 06:43:03 PM
 #121


There is also what is called hyper DCA, this method is a kind of pattern that one can buy bitcoin anytime and not with a certain amount of money, just like the way MicroStrategy buys his bitcoin. For you to know that he is DCAing is when you add all the bitcoin that he has bought together, and how many years he has used to buy them. This will give you the average price by month or annually.

Buying Bitcoin at any amount at different intervals without it being the same amount is also good but it is better to use the regular DCAing of same amount at different periods of time because it will enable the investor to be more active and effective in the DCA but for an investor doing irregular DCAing, they might not take it seriously since they feel they can buy at any time they want to but for someone DCA same amount, they are more disciplined and are more likely to get huge accumulations since they are always consistent in their DCA amount.

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September 05, 2024, 09:20:21 PM
 #122

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We all know that it is always most important to use DCA when it comes to Bitcoin investment. Especially when you invest in Bitcoin, if you use the BCA method, you will face very little loss, moreover, you will not have to face much loss even when the market is often volatile. However, those who adopt DCA method never face loss by investing bitcoins, rather they can collect a good fraction of bitcoins in future and get high amount of profit from it. It is definitely okay for the most important beginners to use DCA as they always face market volatility which makes them emotional, which is why they need to use this method. Using the DCA method If Bitcoin is invested then of course it will not be risky, DCA is the convenient pattern of investment, so everyone should adopt one.

Bitcoin investment with Dollar cost average has nothing to do with dollar cost average. If you are buying Bitcoin and you have money with you and you don't want to used that money for something else but you are kin on buying Bitcoin and unfortunately, the price was higher. You need to apply dollar cost average in that case and be buying bit by bit until when you don't have money again and by then you will have average the buy cost.

If you see Bitcoin in all time low and you have the means to buy, kindly buy and don't do DCA at that point. That's not the best time to be doing that, just buy and hold the Bitcoin until, that's when you can go full and you may buy more when the market decide to go down more. You will still have the opportunity to buy more just should in case there is going to be some uncertainty and surprises.

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September 06, 2024, 08:16:14 PM
 #123

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We all know that it is always most important to use DCA when it comes to Bitcoin investment. Especially when you invest in Bitcoin, if you use the BCA method, you will face very little loss, moreover, you will not have to face much loss even when the market is often volatile. However, those who adopt DCA method never face loss by investing bitcoins, rather they can collect a good fraction of bitcoins in future and get high amount of profit from it. It is definitely okay for the most important beginners to use DCA as they always face market volatility which makes them emotional, which is why they need to use this method. Using the DCA method If Bitcoin is invested then of course it will not be risky, DCA is the convenient pattern of investment, so everyone should adopt one.

Bitcoin investment with Dollar cost average has nothing to do with dollar cost average. If you are buying Bitcoin and you have money with you and you don't want to used that money for something else but you are kin on buying Bitcoin and unfortunately, the price was higher. You need to apply dollar cost average in that case and be buying bit by bit until when you don't have money again and by then you will have average the buy cost.

If you see Bitcoin in all time low and you have the means to buy, kindly buy and don't do DCA at that point. That's not the best time to be doing that, just buy and hold the Bitcoin until, that's when you can go full and you may buy more when the market decide to go down more. You will still have the opportunity to buy more just should in case there is going to be some uncertainty and surprises.

In as much as I frawn at your grammatical construction as it does not be fit your rank, am not comfortable with your idea of the DCA strategy and it can be very misleading, the DCA strategy of accumulating Bitcoin gives investors the opportunity to buy Bitcoin irrespective of the price points whether Bitcoin is high or not on different intervals with an amount that they can be ok with, the dca strategy allows you to spread your investment by buying at different price point hence reduces the effect of market volatility. My point is that, the DCA strategy is used to buy Bitcoin even the price is low and when the price is high.

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September 07, 2024, 08:29:38 AM
 #124

]
We all know that it is always most important to use DCA when it comes to Bitcoin investment. Especially when you invest in Bitcoin, if you use the BCA method, you will face very little loss, moreover, you will not have to face much loss even when the market is often volatile. However, those who adopt DCA method never face loss by investing bitcoins, rather they can collect a good fraction of bitcoins in future and get high amount of profit from it. It is definitely okay for the most important beginners to use DCA as they always face market volatility which makes them emotional, which is why they need to use this method. Using the DCA method If Bitcoin is invested then of course it will not be risky, DCA is the convenient pattern of investment, so everyone should adopt one.

If you see Bitcoin in all time low and you have the means to buy, kindly buy and don't do DCA at that point. That's not the best time to be doing that, just buy and hold the Bitcoin until, that's when you can go full and you may buy more when the market decide to go down more. You will still have the opportunity to buy more just should in case there is going to be some uncertainty and surprises.
This is a wrong information you are passing concerning the dca strategy, you saying if an investor have any means to buy when it is low should just buy without even listing any  strategies since you say the dca strategy is not good to buy Bitcoin when Bitcoin price low that means you don't know much about the DCA strategy.
The DCA strategy helps you to accumulate Bitcoin regardless of the price level weather low or high either weekly or monthly and continue to hodl for a longer period of time possibly 4-10 years and above this will make have enough Bitcoin stack.

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September 08, 2024, 11:39:27 AM
Merited by JayJuanGee (1)
 #125

Bitcoin investment with Dollar cost average has nothing to do with dollar cost average. If you are buying Bitcoin and you have money with you and you don't want to used that money for something else but you are kin on buying Bitcoin and unfortunately, the price was higher. You need to apply dollar cost average in that case and be buying bit by bit until when you don't have money again and by then you will have average the buy cost.
Sorry but if I understood your post correctly, I see you did not understand about DCA strategy at all.

DCA strategy is very helpful for investors who want to go long term with investment and want to avoid challenge like finding a perfect entry for purchase. Then they can use DCA, to purchase bitcoin with time and with different part of their capital without any headache of finding good or perfect entry.

With DCA strategy, people can do it with time and even don't need to have big original capital which will be separated to different parts for different entry times. They can apply this strategy with their income and use part of income for DCA.

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September 10, 2024, 11:23:50 PM
 #126

One of the best ways to increase investment is by acting on the DCA method. There are many people who have great interest in investing but they cannot invest due to proper system.  Those people who can't invest by proper system are away from investing even though they have enough money I would say that people should go ahead with DCA method of investing. There are many people who want to invest in cyptocurrencies apart from earning, those who have monthly salary job also want to invest in currencies like Bitcoin I would say to invest using DCA method.  Moreover, it is very good to use the DCA method in the highs and lows of the market.

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September 11, 2024, 07:49:50 AM
 #127

One of the best ways to increase investment is by acting on the DCA method. There are many people who have great interest in investing but they cannot invest due to proper system.  Those people who can't invest by proper system are away from investing even though they have enough money I would say that people should go ahead with DCA method of investing. There are many people who want to invest in cyptocurrencies apart from earning, those who have monthly salary job also want to invest in currencies like Bitcoin I would say to invest using DCA method.  Moreover, it is very good to use the DCA method in the highs and lows of the market.

Maybe DCA is a good strategy, but it will not work on its own if the person who decides to start buying bitcoin does not have basic knowledge about this asset. I believe that no matter what strategy you choose, you should be able to analyze the market at least at a basic level, this will at least help you choose the best time to start buying, and it will also help you choose the best time to sell.

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September 11, 2024, 12:13:04 PM
 #128

]
We all know that it is always most important to use DCA when it comes to Bitcoin investment. Especially when you invest in Bitcoin, if you use the BCA method, you will face very little loss, moreover, you will not have to face much loss even when the market is often volatile. However, those who adopt DCA method never face loss by investing bitcoins, rather they can collect a good fraction of bitcoins in future and get high amount of profit from it. It is definitely okay for the most important beginners to use DCA as they always face market volatility which makes them emotional, which is why they need to use this method. Using the DCA method If Bitcoin is invested then of course it will not be risky, DCA is the convenient pattern of investment, so everyone should adopt one.

Bitcoin investment with Dollar cost average has nothing to do with dollar cost average. If you are buying Bitcoin and you have money with you and you don't want to used that money for something else but you are kin on buying Bitcoin and unfortunately, the price was higher. You need to apply dollar cost average in that case and be buying bit by bit until when you don't have money again and by then you will have average the buy cost.

If you see Bitcoin in all time low and you have the means to buy, kindly buy and don't do DCA at that point. That's not the best time to be doing that, just buy and hold the Bitcoin until, that's when you can go full and you may buy more when the market decide to go down more. You will still have the opportunity to buy more just should in case there is going to be some uncertainty and surprises.
DCA is a good method because it does not require an investor to bother if the price is going up or going down. When one is convinced about their goals and target I think that is where there focus should be more applied on. There is nothing wrong with an investor who is bothered about reaching his target to DCA and as well adapt other strategies as long as it does not put their portfolio at risk. Lump sump and buying on dip is one good way if there is an external source of capital for investment.

It would be wrong if an investor is bothered by his investment and that pushes him to make wrong decisions in his investment. I have seen people who go as far as using money meant for their business to invest entirely in Bitcoin. Let us not forget that Bitcoin investment is a continuous investment it does not stop as the urge and zeal to invest more will come even after reaching our set target. Sure, anything below the time low is extremely dangerous to buy.

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September 11, 2024, 01:58:57 PM
Merited by JayJuanGee (1)
 #129

One of the best ways to increase investment is by acting on the DCA method. There are many people who have great interest in investing but they cannot invest due to proper system.  Those people who can't invest by proper system are away from investing even though they have enough money I would say that people should go ahead with DCA method of investing. There are many people who want to invest in cyptocurrencies apart from earning, those who have monthly salary job also want to invest in currencies like Bitcoin I would say to invest using DCA method.  Moreover, it is very good to use the DCA method in the highs and lows of the market.

Maybe DCA is a good strategy, but it will not work on its own if the person who decides to start buying bitcoin does not have basic knowledge about this asset. I believe that no matter what strategy you choose, you should be able to analyze the market at least at a basic level, this will at least help you choose the best time to start buying, and it will also help you choose the best time to sell.

DCA is really a good strategy to begin with, although basic knowledge is really important but it doesn't need to have a lot of research done before people could start implementing this. Simple understanding on how they should deal with it then continue to accumulate is really fine. For knowledge thing they could just learn a lot more when they are in process where their accumulation phase is already starting since for sure its good to conduct a research once there's a funds already invested with bitcoin.

This DCA strategy might not work for those people who doubt or doesn't have strong belief for bitcoin that it will pump in future. But as we can see the way people discuss about DCA it determine how good this strategy is since lots of people could able to vouch that its simple and yet effective method that investor should try.

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September 11, 2024, 04:07:23 PM
Last edit: September 11, 2024, 09:00:59 PM by Odohu
Merited by JayJuanGee (1)
 #130


There is also what is called hyper DCA, this method is a kind of pattern that one can buy bitcoin anytime and not with a certain amount of money, just like the way MicroStrategy buys his bitcoin. For you to know that he is DCAing is when you add all the bitcoin that he has bought together, and how many years he has used to buy them. This will give you the average price by month or annually.

Buying Bitcoin at any amount at different intervals without it being the same amount is also good but it is better to use the regular DCAing of same amount at different periods of time because it will enable the investor to be more active and effective in the DCA but for an investor doing irregular DCAing, they might not take it seriously since they feel they can buy at any time they want to but for someone DCA same amount, they are more disciplined and are more likely to get huge accumulations since they are always consistent in their DCA amount.
There are reasons some people do not maintain the same amount which is the DCA method you are describing. It could be a case of cashflow variation in which the investor does not have regular cashflow, sometimes bigger amount and sometimes smaller amount. This way the investor can buy in accordance to how the money comes instead of maintaining the same amount of money. I don't have a problem with this type of approach even though I'm still using the DCA method.

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September 11, 2024, 07:26:48 PM
 #131

There is also what is called hyper DCA, this method is a kind of pattern that one can buy bitcoin anytime and not with a certain amount of money, just like the way MicroStrategy buys his bitcoin. For you to know that he is DCAing is when you add all the bitcoin that he has bought together, and how many years he has used to buy them. This will give you the average price by month or annually.
Buying Bitcoin at any amount at different intervals without it being the same amount is also good but it is better to use the regular DCAing of same amount at different periods of time because it will enable the investor to be more active and effective in the DCA but for an investor doing irregular DCAing, they might not take it seriously since they feel they can buy at any time they want to but for someone DCA same amount, they are more disciplined and are more likely to get huge accumulations since they are always consistent in their DCA amount.
There are reasons some people do not maintain the same amount which is the DCA method you are describing. It could be a case of cashflow variation in which the investor does not have regular cashflow, sometimes bigger amount and sometimes smaller amount. This way the investor can buy in accordance to how the money comes instead of maintaining the same amount of money. I don't have a problem with this time of approach even though I'm still using the DCA method.

DCA does not require that a person invests the same amount on a weekly basis or whatever is his time period of investments.  It does not even require that he does his DCA investment every week or whatever time period, even though he might have had planned every week.

Sure there is a certain amount of value that comes from investing regular amounts and within regular timeframes, those are not prerequisites to DCA, and surely one of the powers of DCA is to be able to tailor it to the cashflows and/or expenses of the person employing such DCA practices... so the DCA can be aggressive in terms of using almost all of the discretionary income or it might be more on the whimpy side and only using a very small portion of the discretionary income or perhaps some place in the middle that is individually tailored.

1) Self-Custody is a right.  There is no such thing as "non-custodial" or "un-hosted."  2) ESG, KYC & AML are attack-vectors on Bitcoin to be avoided or minimized.  3) How much alt (shit)coin diversification is necessary? if you are into Bitcoin, then 0%......if you cannot control your gambling, then perhaps limit your alt(shit)coin exposure to less than 10% of your bitcoin size...Put BTC here: bc1q49wt0ddnj07wzzp6z7affw9ven7fztyhevqu9k
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September 11, 2024, 08:07:21 PM
 #132

One of the best ways to increase investment is by acting on the DCA method. There are many people who have great interest in investing but they cannot invest due to proper system.  Those people who can't invest by proper system are away from investing even though they have enough money I would say that people should go ahead with DCA method of investing. There are many people who want to invest in cyptocurrencies apart from earning, those who have monthly salary job also want to invest in currencies like Bitcoin I would say to invest using DCA method.  Moreover, it is very good to use the DCA method in the highs and lows of the market.

Maybe DCA is a good strategy, but it will not work on its own if the person who decides to start buying bitcoin does not have basic knowledge about this asset. I believe that no matter what strategy you choose, you should be able to analyze the market at least at a basic level, this will at least help you choose the best time to start buying, and it will also help you choose the best time to sell.

Even though your narrative seems to be more like a trading strategy which I believed that it might not just go down well for anyone coming into the space newly (newbies) because it has a lot to do with emotional devastation attached to it, the DCA strategy allows any categories of investor to buy Bitcoin on time without any form of timing the market conditions, it helps an inexperienced to gain experience while already in the market, because it is Bitcoin we are talking about there is no specific best time to buy but rather you should buy when you have money readily available for investment after ensuring that you have taken care of whatever you consider to be basic needs, emergency fund is also important even in life generally, because it is Bitcoin what is most important is getting the basic knowledge, get the fucking started and figure out other things on your way up.

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September 11, 2024, 08:07:46 PM
 #133

One of the beauty in going for DCA with our crypto investment and bitcoin in particular is that you will be privileged to have the opportunity of resisting down the tendencies for a continues loss, whenever the market is bearish, while you will in other direction have an increasing profitable investment return over your asset with time as the market keep rising, its a multi functional decision and strategy many adopt and use while investing on a long term plan over their digital assets.

You can see more on why some will say that, the use of DCA will cut short loss and increases profitability, because you're not going all in at once, but instead, having various time interval of buying the dip and keep up with accumulating it, as for the newbies, i will also advise on the use of this same accumulative strategy of DCA before it will perfectly work well on them, after they might have fulfil on the basic requirements needed over their investment.
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September 11, 2024, 09:05:51 PM
 #134

There is also what is called hyper DCA, this method is a kind of pattern that one can buy bitcoin anytime and not with a certain amount of money, just like the way MicroStrategy buys his bitcoin. For you to know that he is DCAing is when you add all the bitcoin that he has bought together, and how many years he has used to buy them. This will give you the average price by month or annually.
Buying Bitcoin at any amount at different intervals without it being the same amount is also good but it is better to use the regular DCAing of same amount at different periods of time because it will enable the investor to be more active and effective in the DCA but for an investor doing irregular DCAing, they might not take it seriously since they feel they can buy at any time they want to but for someone DCA same amount, they are more disciplined and are more likely to get huge accumulations since they are always consistent in their DCA amount.
There are reasons some people do not maintain the same amount which is the DCA method you are describing. It could be a case of cashflow variation in which the investor does not have regular cashflow, sometimes bigger amount and sometimes smaller amount. This way the investor can buy in accordance to how the money comes instead of maintaining the same amount of money. I don't have a problem with this time of approach even though I'm still using the DCA method.
DCA does not require that a person invests the same amount on a weekly basis or whatever is his time period of investments.  It does not even require that he does his DCA investment every week or whatever time period, even though he might have had planned every week.

Sure there is a certain amount of value that comes from investing regular amounts and within regular timeframes, those are not prerequisites to DCA, and surely one of the powers of DCA is to be able to tailor it to the cashflows and/or expenses of the person employing such DCA practices... so the DCA can be aggressive in terms of using almost all of the discretionary income or it might be more on the whimpy side and only using a very small portion of the discretionary income or perhaps some place in the middle that is individually tailored.
Thanks for that correction because I thought what define DCA was exact amount at regular interval. So from your explanations, the amount can vary depending on the cashflow but as long as the investment is done at a defined fashion and continuous, then it qualifies as DCA. That means MicroStrategy were actually applying the DCA method in the Bitcoin accumulation; I never thought about this and I erroneously argued that they did not use the DCA method but some other method. Once again, thanks for adding more clarity to my this discussion.

R


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September 12, 2024, 01:30:07 AM
 #135

There is also what is called hyper DCA, this method is a kind of pattern that one can buy bitcoin anytime and not with a certain amount of money, just like the way MicroStrategy buys his bitcoin. For you to know that he is DCAing is when you add all the bitcoin that he has bought together, and how many years he has used to buy them. This will give you the average price by month or annually.
Buying Bitcoin at any amount at different intervals without it being the same amount is also good but it is better to use the regular DCAing of same amount at different periods of time because it will enable the investor to be more active and effective in the DCA but for an investor doing irregular DCAing, they might not take it seriously since they feel they can buy at any time they want to but for someone DCA same amount, they are more disciplined and are more likely to get huge accumulations since they are always consistent in their DCA amount.
There are reasons some people do not maintain the same amount which is the DCA method you are describing. It could be a case of cashflow variation in which the investor does not have regular cashflow, sometimes bigger amount and sometimes smaller amount. This way the investor can buy in accordance to how the money comes instead of maintaining the same amount of money. I don't have a problem with this time of approach even though I'm still using the DCA method.
DCA does not require that a person invests the same amount on a weekly basis or whatever is his time period of investments.  It does not even require that he does his DCA investment every week or whatever time period, even though he might have had planned every week.

Sure there is a certain amount of value that comes from investing regular amounts and within regular timeframes, those are not prerequisites to DCA, and surely one of the powers of DCA is to be able to tailor it to the cashflows and/or expenses of the person employing such DCA practices... so the DCA can be aggressive in terms of using almost all of the discretionary income or it might be more on the whimpy side and only using a very small portion of the discretionary income or perhaps some place in the middle that is individually tailored.
Thanks for that correction because I thought what define DCA was exact amount at regular interval. So from your explanations, the amount can vary depending on the cashflow but as long as the investment is done at a defined fashion and continuous, then it qualifies as DCA. That means MicroStrategy were actually applying the DCA method in the Bitcoin accumulation; I never thought about this and I erroneously argued that they did not use the DCA method but some other method. Once again, thanks for adding more clarity to my this discussion.

The methods could sometimes be considered as overlapping, so for example if Microstrategy had ONLY made a few bitcoin investments in August 2020 and maybe through November 2020, then maybe we would have suggested that they were lump sum investing into BTC, yet it seems that they started out their investment into BTC as a lump sum investment, and in August 2020, they announced that they had placed something like 75% of their cash reserves into bitcoin, yet largely ever since late 2020, Microstrategy seems to invest into BTC every quarter, or at least they report their BTC buys every quarter, and surely there may well be decisions from them about whether to inject extra cash into bitcoin in various quarters based on their cashflows for that quarter.. but then later, they were not only investing in accordance with the cashflow from their regular business, but they started to employ financialization strategies and largely it could be argued that they still figured out their allocations each quarter so that they could report what they had done each quarter and sometimes reporting what they were planning to do, which usually began to more and more be that they would announce that they  were planning to buy more bitcoin with whatever extra cash that  they generated from sales but also from whatever cash they generated from various kinds of financial instruments that they created and they got investors to subscribe into or even to use their shares to draw from company equity.

Individuals could engage in similar kinds of strategies as microstrategies, even though most individuals do not have even close to the number of tools that MSTR had in regards to the creation of financial instruments, so usually individuals would usually be drawing from their cashflow and their discretionary income.

Still individuals could have a plan to invest every week, but then they might have difficulties determining how much to invest every week into BTC since their paycheck and some of their bills come in on a monthly basis, so they might not be able to finalize the amounts that they were going to authorize themselves to invest into bitcoin until they figure out what their income is and/or what their expenses are, and so even if their intention might be to invest every week, they might have to skip some weeks based on some extra expenses or some shortfalls of cashflow, yet I would still consider that they are engaged in DCA buying since they are mostly motivated to invest in BTC by their cashflow and/or discretionary income rather than based on BTC prices.

Of course, if someone is increasing DCA amounts during dips, then they may well be combining the tactics and if they get some extra income that comes in while there is a dip and while they are DCAing and buying on dips, yet they might have already been inclined to buy BTC with the extra cash that came in, yet they are even more motivated based on the dip, so in that kind of a situation the methods are kind of overlapping with the rationale for the BTC buys overlapping... even though DCA, buying on dips and lump sum investment each fall into different categories, sometimes they end up overlapping in practice.

We use regular amounts sometimes just to attempt to describe what is happening, not to overly complicate matters and sometimes to make comparisons, so just consider a guy who might have been DCA buying BTC for 2 years, and maybe the first 6 months he was DCAing $100 per week, and then he had some cash flow issues so the next 6 months he was investing $50 per week, and then he went back to $100 per week for the next 9 months, and then he lost his job, and he started performing work that was more erratic, so he wanted to make sure that his income came in before allocating to buying BTC, so maybe during the first transitional month, he reduced his DCA down to $20 per week, and then at the end of the month, he would figure out how much DCA he would be able to do for the next month based on how much cash he had left at the end of the month, and his goals was to try to continue with $100 per week, but he did not want to commit to the amount until his next paycheck arrived  - so then he would be able to see how much cash he had remaining from the previous check and he would divide the amount that he had remaining from the previous check by the number of weeks until he was scheduled to receive his next check.. so then in that sense based on his new erratic pay situation, he started to allocate his DCA amounts based on the previous check and not based on the current check.   I am using $50 per week or $100 per week, but surely the amounts could end up varying by quite a lot and with weeks skipped and still fit into the classification of DCA investing.

1) Self-Custody is a right.  There is no such thing as "non-custodial" or "un-hosted."  2) ESG, KYC & AML are attack-vectors on Bitcoin to be avoided or minimized.  3) How much alt (shit)coin diversification is necessary? if you are into Bitcoin, then 0%......if you cannot control your gambling, then perhaps limit your alt(shit)coin exposure to less than 10% of your bitcoin size...Put BTC here: bc1q49wt0ddnj07wzzp6z7affw9ven7fztyhevqu9k
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September 12, 2024, 02:10:19 AM
Merited by JayJuanGee (1)
 #136

One of the best ways to increase investment is by acting on the DCA method. There are many people who have great interest in investing but they cannot invest due to proper system.  Those people who can't invest by proper system are away from investing even though they have enough money I would say that people should go ahead with DCA method of investing. There are many people who want to invest in cyptocurrencies apart from earning, those who have monthly salary job also want to invest in currencies like Bitcoin I would say to invest using DCA method.  Moreover, it is very good to use the DCA method in the highs and lows of the market.

Maybe DCA is a good strategy, but it will not work on its own if the person who decides to start buying bitcoin does not have basic knowledge about this asset. I believe that no matter what strategy you choose, you should be able to analyze the market at least at a basic level, this will at least help you choose the best time to start buying, and it will also help you choose the best time to sell.
I don't know what strategy you have tried in purchasing bitcoin or stacking up your portfolio but from all consideration DCA has more characteristics that makes it stand out over every other strategy used for bitcoin investment that is why a lot of people consider it the best strategy ever though it might have its own flaws yet it has been proven to be a outstanding strategy that gives one the opportunity and freedom to examine ones self including the 9 individual factors that are required before one ventures into any kind of investment.

The financial mistakes a lot of people do make is trying to know everything about an investment before diving into it, perhaps they do forget that the knowledge they seek comes from experience and this experience comes from practicalizing the information gather by investing at least little of what you can afford to either lose or do without for a long term. Hence I will discourage the information of wanting to analyse the whole marking trying to figure out when to enter into the market whereas in a common sense it's always when the price is low so one can sell when the price is high which is a popular economics language.

In bitcoin one might see a price today and it will end up being the last time such price could be seen so wanting to know the market before putting in some dime into it leads to a life time of wait that never ends which might probably end up that one missed out in the bitcoin investment join because he or she wanted the perfect time to strike the market.
Basically Dollar Cost Averaging was initiated to bridge the cape of wanting for the dips before one can buy hence you can buy bitcoin or invest using a designated amount of money on a frequent basis probably once in a week or day or even month regardless of the current price, hence if done over some good period of time you will discover that even though you tried saving the amount you have already invested using the DCA method, the unforeseen circumstances might have swallowed the opportunity.

Perhaps selling is as important as buying but at this point I don't usually discuss selling because it seems to me that we have not yet accumulated enough bitcoin even though we all have different mind set towards how much bitcoin we want to have yet its best to have a good amount of bitcoin hence selling should be consider after at least a long term investment.
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September 12, 2024, 02:51:39 AM
 #137

One of the best ways to increase investment is by acting on the DCA method. There are many people who have great interest in investing but they cannot invest due to proper system.  Those people who can't invest by proper system are away from investing even though they have enough money I would say that people should go ahead with DCA method of investing. There are many people who want to invest in cyptocurrencies apart from earning, those who have monthly salary job also want to invest in currencies like Bitcoin I would say to invest using DCA method.  Moreover, it is very good to use the DCA method in the highs and lows of the market.

Maybe DCA is a good strategy, but it will not work on its own if the person who decides to start buying bitcoin does not have basic knowledge about this asset. I believe that no matter what strategy you choose, you should be able to analyze the market at least at a basic level, this will at least help you choose the best time to start buying,
Yes Dollar Cost Averaging is a good way to invest, if you have little bit of knowledge about Bitcoin you can start investing in this way without waiting for full experience. An initial decision that an investor should make when adopting the DCA strategy is whether to purchase bitcoins on a weekly or monthly basis. Moreover, depending on his income, how much bitcoin he can buy and even how long he can hold it. Before every investment the investor has to invest according to the specific plan whether through DCA method or any other way.

You mentioned that the ability to analyze the market will help in choosing the best time to buy. Market analysis skills will help you with investing experience but you don't need to wait for the best time when you adopt DCA. Because the DCA market will give you the opportunity to buy Bitcoin every moment. Buy less if the price is high and buy more if the price is low.

R


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September 12, 2024, 12:47:55 PM
 #138

Buying Bitcoin at any amount at different intervals without it being the same amount is also good but it is better to use the regular DCAing of same amount at different periods of time because it will enable the investor to be more active and effective in the DCA but for an investor doing irregular DCAing, they might not take it seriously since they feel they can buy at any time they want to but for someone DCA same amount, they are more disciplined and are more likely to get huge accumulations since they are always consistent in their DCA amount.
The reason why buying same amount at different periods doesn't really matter is that sometimes one may be having lot of challenges to do with money instead of not buying it is better to go for the amount that you can afford at the most important. The amount for DCA does not really matter , what matters is how often do you buy bitcoin.

So many give reasons why they find it difficult to buy bitcoin is because of too many challenges because they already have a specific amount of Bitcoin in their mind to buy, but it is not a must that one must buy that amount of Bitcoin they have in mind, you can also go for an affordable amount,  it is better this way than postponing buying. No amount is too small to buy bitcoin as far as one is ready to always accumulate more Bitcoin from time to time.

R


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September 12, 2024, 02:08:10 PM
 #139

Here is the painful truth.

DCA is not the most convenient way to increase your Bitcoin as an investor, where the money is coming from is what will make the journey an easier one, to hell with DCA when you can't even eat two times a day, to hell with DCA when you are in debt and can't pay up your bills.

The way you make your money is what will make DCA harder or easier, this is why I like advising those seeking crypto investment advice to first find a good income stream, how long you are going to hold your Bitcoin depends on your job, if money is coming in you are good with your family, you can do this or that without touching your crypto portfolio.

The longer your crypto portfolio survives, the better the result will be; it is not going to be easy for you without your income stream right there at your side; it is the ultimate tool to reach that long-term growth.
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September 12, 2024, 04:43:55 PM
 #140

Here is the painful truth.

DCA is not the most convenient way to increase your Bitcoin as an investor, where the money is coming from is what will make the journey an easier one, to hell with DCA when you can't even eat two times a day, to hell with DCA when you are in debt and can't pay up your bills.

The way you make your money is what will make DCA harder or easier, this is why I like advising those seeking crypto investment advice to first find a good income stream, how long you are going to hold your Bitcoin depends on your job, if money is coming in you are good with your family, you can do this or that without touching your crypto portfolio.

The longer your crypto portfolio survives, the better the result will be; it is not going to be easy for you without your income stream right there at your side; it is the ultimate tool to reach that long-term growth.

DCA works for bitcoin and not for crypto or shitcoins, so hopefully you are able to clarify what you are talking about.  If you are talking about bitcoin, then why use the vague and misleading term that refers to shitcoins, or that maybe you don't know the difference between bitcoin and shitcoins?

1) Self-Custody is a right.  There is no such thing as "non-custodial" or "un-hosted."  2) ESG, KYC & AML are attack-vectors on Bitcoin to be avoided or minimized.  3) How much alt (shit)coin diversification is necessary? if you are into Bitcoin, then 0%......if you cannot control your gambling, then perhaps limit your alt(shit)coin exposure to less than 10% of your bitcoin size...Put BTC here: bc1q49wt0ddnj07wzzp6z7affw9ven7fztyhevqu9k
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