DCA method

[Don Pedro Dinero]

Yes well, this will be new to friends of the OP but I think it has been repeated ad nauseam on the forum that it is the simplest and safest way to accumulate bitcoin. Even billionaires like Michael Saylor do a sort of DCA, which does not consist of buying the exact same amount every month but buying when they get cash flow from the MSTR business or can finance the purchase with leverage, regardless of the price of bitcoin on the market.

DCA is best for everyone investment from whales to small investors. Because it eliminates bottom finding, gets rid of emotional decisions and can help an investor deals with market changes and psychology of market cycles better.

I couldn't have summed it up better myself.

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[HONDACD125]

You have no excuse not to acquire Bitcoin, this is one of my most used word when
 discussing with my friends that have
 high interest in crypto, but don't have capital too buy.

Since I introduced the DCA method to them, it was a game changer too them,
 DCA is the best way for low income earners to acquire more Bitcoin.

I don't know if anyone else has different opinion about it?

Everyone who knows about it wants to invest in Bitcoin, but lack of capital can be the reason not to invest in Bitcoin. However, if one is interested, he can invest some of his earnings in it and make a good investment through DCA method. If you are interested in cryptocurrency then this is great for you. It can give you good profit in future.

It is not necessary that someone who has a lot of capital should invest in crypto, but those who have a small amount of capital can also invest. I appreciate you discussing Bitcoin with your friends and introducing them to the DCA method to invest in it. Of course, an effort like yours is likely to further boost Bitcoin.

[YUriy1991]

You have no excuse not to acquire Bitcoin, this is one of my most used word when
 discussing with my friends that have
 high interest in crypto, but don't have capital too buy.

Since I introduced the DCA method to them, it was a game changer too them,
 DCA is the best way for low income earners to acquire more Bitcoin.

I don't know if anyone else has different opinion about it?

Everyone who knows about it wants to invest in Bitcoin, but lack of capital can be the reason not to invest in Bitcoin. However, if one is interested, he can invest some of his earnings in it and make a good investment through DCA method. If you are interested in cryptocurrency then this is great for you. It can give you good profit in future.

It is not necessary that someone who has a lot of capital should invest in crypto, but those who have a small amount of capital can also invest. I appreciate you discussing Bitcoin with your friends and introducing them to the DCA method to invest in it. Of course, an effort like yours is likely to further boost Bitcoin.

I think DCA is one of the other options that is easiest to use and apply, but we also have to understand the technique of reading where the market is going and try to buy it at the lowest price, even though it is not a necessity because this investment model is an installment pattern.

But, if the user wants to use another model no matter. I think that's their right too, but the important thing is that they can navigate safely and comfortably. This means that it is not necessary to use the model as mentioned by the OP above.

[letteredhub]

I don't know if its just me but it seems we have a DCA thread created once every few weeks in the Bitcoin talk discussion.

It's not just you mate, but in my opinion I firmly believe that the trend for the DCA's thread is ignited by the excitement of the bull run the crypto market is anticipated and everyone especially the newbies can't hold the clinch but talk about the strategy as it's most effective in periods like this. Nonetheless, DCA method is a simple way to trade crypto among the different trading strategies available and it's most suitable for people with income that is not regularly or in huge amounty they get to buy and accumulate bitcoin little by little as a long time investment.

[LogitechMouse]

~
I don't know if anyone else has different opinion about it?

As a low income like your friend, I can relate, and I will agree with you that DCA is by far the best way to accumulate Bitcoin for low to even mid level income earner.

Proven and tested. I guess these are the words that I will say when it comes to DCA. I mean if you consistently buying Bitcoin since the start of the bear market in 2022, you are now in profit now, and the best part is that you don't need a huge amount of money to start accumulating. A few dollars per month would do. Even those low income earners can buy as long as they have extra funds.

You might get a lesser profit doing DCA than buying Bitcoin or whatever asset it is at once, but the risk are lower in doing DCA. When is the time where you can't do DCA? When the bull market starts... or you can still. DCA when selling, or I mean selling your holdings in parts just like what you're doing when you are buying.

[Ruttoshi]

DCA method is good for bitcoin investors, either people with fat income or low income can use the DCA approach to accumulate more bitcoin for themselves.

DCA makes it easy to accumulate without stress disregard of the price of bitcoin, all one need while DCAing is patience and discipline so that you can always use a specific amount of money to buy bitcoin regularly.

I am using this method myself and it has helped me to accumulate bitcoin regularly. As long as you have what gives you income, it will be easy to keep on accumulating to your bitcoin portfolio, until you have reach your bitcoin target faster. Preparation and setting aside emergency funds and funds for your up keep, will help a lot when DCAing.

[Cryptmuster]

As a low income like your friend, I can relate, and I will agree with you that DCA is by far the best way to accumulate Bitcoin for low to even mid level income earner.

Proven and tested. I guess these are the words that I will say when it comes to DCA. I mean if you consistently buying Bitcoin since the start of the bear market in 2022, you are now in profit now, and the best part is that you don't need a huge amount of money to start accumulating. A few dollars per month would do. Even those low income earners can buy as long as they have extra funds.

You might get a lesser profit doing DCA than buying Bitcoin or whatever asset it is at once, but the risk are lower in doing DCA. When is the time where you can't do DCA? When the bull market starts... or you can still. DCA when selling, or I mean selling your holdings in parts just like what you're doing when you are buying.

A few dollars a month is too little to hope to make any significant profit, even if you buy Bitcoin not for a few dollars a month but for 100 dollars a month, per year it will be 1200 dollars, and from the beginning of 2022 until today, you will buy approximately $2,000 worth of Bitcoin in total.

This doesn't sound bad if you have no money at all, but as an investment, this is too small an amount to count on any significant profit. I myself once started with a few thousand dollars, and I know how it is not easy to take the first steps, but later the vision changes, and the understanding comes that if you want a better result, you need to put more effort, and there will always be opportunities.

[BALIK]

As a low income like your friend, I can relate, and I will agree with you that DCA is by far the best way to accumulate Bitcoin for low to even mid level income earner.

Proven and tested. I guess these are the words that I will say when it comes to DCA. I mean if you consistently buying Bitcoin since the start of the bear market in 2022, you are now in profit now, and the best part is that you don't need a huge amount of money to start accumulating. A few dollars per month would do. Even those low income earners can buy as long as they have extra funds.

You might get a lesser profit doing DCA than buying Bitcoin or whatever asset it is at once, but the risk are lower in doing DCA. When is the time where you can't do DCA? When the bull market starts... or you can still. DCA when selling, or I mean selling your holdings in parts just like what you're doing when you are buying.

A few dollars a month is too little to hope to make any significant profit, even if you buy Bitcoin not for a few dollars a month but for 100 dollars a month, per year it will be 1200 dollars, and from the beginning of 2022 until today, you will buy approximately $2,000 worth of Bitcoin in total.

This doesn't sound bad if you have no money at all, but as an investment, this is too small an amount to count on any significant profit. I myself once started with a few thousand dollars, and I know how it is not easy to take the first steps, but later the vision changes, and the understanding comes that if you want a better result, you need to put more effort, and there will always be opportunities.

You should not compare each person's investment capital because our income is not the same. Maybe for you $1k or $5k is a small amount to invest, but for others it could be a huge amount. What we need to care about is the profit we will get from the capital we invest. No investment will give x2 or x5 returns in a few years like bitcoin, so we should be satisfied with the return on the capital we spend. We cannot be greedy and want to become billionaires when our investment in bitcoin is only a few tens of thousands of dollars or a few hundred dollars.

[taufik123]

-snip-
No investment will give x2 or x5 returns in a few years like bitcoin, so we should be satisfied with the return on the capital we spend. We cannot be greedy and want to become billionaires when our investment in bitcoin is only a few tens of thousands of dollars or a few hundred dollars.

Exactly what is the profit ratio that will be obtained from several trades made?
Because if we talk about capital it certainly depends on how capable we have capital.

If our capital is only a few tens of dollars or hundreds of dollars, then the correct trade will give a profit ratio of 20%, 50% or even more than 100%.
It depends on how a person's trading ability, or the investment they make goes well and provides more returns.
Many initially use large capital, but they lose because they do not have enough trading and investment knowledge.

The use of the DCA Method as discussed in this thread makes investments better and more reliable.
There will be some accumulation every time you repurchase.
Money management is needed every time you buy.
Seeing how the current Bitcoin price is, it is certainly a good opportunity to continue applying DCA until ATH can be achieved.

[Winterfrost]

This is not the first time am seeing this kind of post in the forum, everyone just come in and start posting the same type of post without searching if something related is here. The most funny part is that most of them don't even practices the DCA method they only come here and say lots of good advantage of the DCA method, because they have heard several people saying it. If you want an opinion about about DCA then you should go and check other related post of DCA and see what other forum members have contributed, perhaps it will be of good help to you.

Am certain you don't really know much about the DCA method because what you've described so far about DCA doesn't really say much of what it is all about.

[Z390]

I don't know if anyone else has different opinion about it?

DCA is a good idea for people that are earning little amount of money weekly or monthly in a way they can not invest the total amount they which to invest all at once. But this topic is becoming common these days on this forum. I think you should search for DCA related threads on this forum and see how often people are using it to make topic. This one is today: https://bitcointalk.org/index.php?topic=5469725.msg62968022#msg62968022

Yes I except such topics to keep coming up on the forum, because we are in a bear market already or aren't we?
DCA strategy depends on the person and how much they make weekly or monthly, it doesn't even end there, it also depends on the responsibility they solve every month too, so I believe having some savings and emergency funds aside is more wiser than just having your paychecks and using part of it to invest.

Sometimes there are emergencies where you will need a lot of money, and it can happen when your next paycheck is still weeks away, what are you going to do then? If you don't have savings and emergency funds aside you will have to sell some of your Bitcoin to cover the unexpected expenses.

As a family man I've come to realise that it's not just about restocking foods at home and paying the bills and then investing, there is more you got to be prepared for, it's not easy to be a responsible man, at least have some savings aside too, they don't get you anywhere but they help when emergencies comes.

[lovesmayfamilis]

What excuses are you talking about? You decided to force everyone to buy Bitcoin. Are you sure you're going the right way? There is no need to force anyone. People are independent enough to make their own decisions and manage their own finances. Your lessons are just stealing other people's content and copying, which you think you are teaching people. Let's look at the OP's tags.

[CryptopreneurBrainboss]

Since I introduced the DCA method to them, it was a game changer too them,
 DCA is the best way for low income earners to acquire more Bitcoin.

DCA isn't a strategy for only low income earners as both high and low income earners can take advantage of the strategy to accumulate Bitcoin until they have bought enough to their satisfaction. DCA is more effective when you have a constant salary so you can repeat your purchase repeatedly like weekly, biweekly or monthly depending on your budget so make sure you don't force anyone into following the strategy when they don't have jobs that pays them salary. Everyone is speaking about DCA but not many of them are applying the strategy. You can invest in Bitcoin with a large sum at once or DCA and still make profits so it depends on your budget.

Sometimes there are emergencies where you will need a lot of money, and it can happen when your next paycheck is still weeks away, what are you going to do then? If you don't have savings and emergency funds aside you will have to sell some of your Bitcoin to cover the unexpected expenses.

Don't invest everything you have into Bitcoin, we're meant to have emergency funds that are to be used when we have emergency. This is also why DCA is recommended because you won't be investing everything you have in Bitcoin but a small percentage so you still have money left to take care of other things. Money invested in Bitcoin shoudn't be touched unless in a scenario when your emergency funds are exhausted and other backups has been used up. Even after sorting that problem out by selling your Bitcoin, next month reduced the percentage of your income you invest in Bitcoin and allocate more to emergency funds because we are suppose to invest money we won't need urgently in Bitcoin so we can hold for a longer duration.

[Dr.Bitcoin_Strange]

I don't know if anyone else has different opinion about it?

There's a saying that knowledge is power, and we learn every day from each other. I have no doubt that some people don't even know what DCA means or how it works with Bitcoin investments. Like myself, I was able to understand what DCA actually means after I joined the forum, although I had been buying some fractions of Bitcoin back then. Little did I know that what I was practicing was DCA, and today I am glad I have proper knowledge about it and even speak to people about it on the forum and off forum. So, yeah, for someone who doesn't really know they can DCA Bitcoin, they might think that they have to save up money to buy a whole lot of Bitcoin, which can discourage them from investing in Bitcoin.

[Sayeds56]

You have no excuse not to acquire Bitcoin, this is one of my most used word when
 discussing with my friends that have
 high interest in crypto, but don't have capital too buy.

Since I introduced the DCA method to them, it was a game changer too them,
 DCA is the best way for low income earners to acquire more Bitcoin.

I don't know if anyone else has different opinion about it?

Dollar cost Averaging (DCA) is a popular and effective strategy used widely by all kind of market participants market since long time. It has established its reputation by delivering substantial results. This strategy is especially useful for those who may not have large amounts of funds to invest in cryptocurrencies like Bitcoin. By regularly investing a fixed amount of money at regular intervals regardless of current market price, investors can spread their risk and benefit from the average cost of investment over an extended period.

In summary, DCA is a credible strategy, in particular beneficial for low-income earners to accumulate Bitcoin while maintaining a relatively lower investment cost.

[MusaMohamed]

The use of the DCA Method as discussed in this thread makes investments better and more reliable.
There will be some accumulation every time you repurchase.
Money management is needed every time you buy.
Seeing how the current Bitcoin price is, it is certainly a good opportunity to continue applying DCA until ATH can be achieved.

The graphics is insightful about Dollar Cost Averaging but I would like to introduce a website about DCA.
https://dcabtc.com/

Input a fund for regularly DCA like $10 or $100 each week, month and see how that DCA strategy works in last 1 year, 2 years or 4 years.

I want to note DCA in bear market will cause better results than DCA in bull market but it is not true generally. In a bear market, if you join it too early with DCA, you can start at top of bull run and a little lower price from all time high. It will require you to DCA long time and wait a few years for a next bull run. In a bull market, if you join with DCA when it just starts, you can get good profit with DCA in bull trend too.

[Lorence.xD]

You have no excuse not to acquire Bitcoin, this is one of my most used word when
 discussing with my friends that have
 high interest in crypto, but don't have capital too buy.

Since I introduced the DCA method to them, it was a game changer too them,
 DCA is the best way for low income earners to acquire more Bitcoin.

I don't know if anyone else has different opinion about it?

Everyone who knows about it wants to invest in Bitcoin, but lack of capital can be the reason not to invest in Bitcoin. However, if one is interested, he can invest some of his earnings in it and make a good investment through DCA method. If you are interested in cryptocurrency then this is great for you. It can give you good profit in future.

It is not necessary that someone who has a lot of capital should invest in crypto, but those who have a small amount of capital can also invest. I appreciate you discussing Bitcoin with your friends and introducing them to the DCA method to invest in it. Of course, an effort like yours is likely to further boost Bitcoin.

That's something some people here in the forum can't understand. They might have the knowledge and have done their own research about Bitcoin as well the techniques about Dollar Cost Averaging (DCA), still it's ain't enough to invest if you don't have the funds to invest. But for sure DCA could still help you even with the small amount so if you think you can't invest with your income, you could just cut some funds like $100 so you could invest. Of course it's not that quick rich method but for sure with this method you can profit, you will base your profits on what you've invested and there's nothing wrong if you're just starting small.

[michellee]

It's good if after you introduce the DCA method to your friends, they can get significant changes. Your friend can continue doing DCA now because this is still a good time to collect more Bitcoins.

The DCA method helps people to be able to buy Bitcoin with small capital. But you shouldn't force them to invest in Bitcoin because they have considerations before making their choice.

People may have their own way of carrying out the DCA method because it depends on the capital they will use. But in essence, everything aims to collect more Bitcoins, especially in times like these. And if they can accumulate a lot of Bitcoins, it will provide profits for them in the future when the price of Bitcoin rises.

[Gaza13]

Everyone has their own strategy for investing. Yes, the DCA method is much better than the Lumpsum method. Many people use the DCA method and routinely set aside every month to increase our investment. With this DCA technique, we can get our best average price. in investment. As for someone using the lump sum method, a technique of buying all at once at the desired price, this technique also has the potential to make big profits if you get the best price.

[Sayeds56]

Dollar-Cost Averaging (DCA) can be a sound strategy, but I personally prefer employing technical analysis to enhance my BTC accumulation. In essence, I aim to capitalize on as many price lows as possible, which I believe is a more advantageous approach compared to a fixed DCA plan.

My rationale behind this perspective lies in the data from the past three years, during which a DCA strategy would have resulted in a 16% reduction in one's portfolio value. This underscores the importance of discerning the market's various stages and choosing the right moments to accumulate more BTC effectively.

It's great to hear that you have developed well thought out approaches to accumulating Bitcoin by employing technical analysis to time your Bitcoin purchases. However, success of this strategy largely depends on your proficiency in interpreting technical indicators and making entry decisions based on trading signals. Moreover, it is important to acknowledge that Is also important to note that technical analysis is not a perfect science, it is more like making educated guesses.

In summary, accumulating Bitcoin by using technical analysis can be sound strategy for experts, but for most general investors I believe DCA is an effective approach.