Blitzboy
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August 26, 2024, 02:57:05 PM |
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I can see a lot of praise of DCA here. I agree that it has its advantages: it's simple, affordable, it makes investing into Bitcoin a routine task, and overall it allows accumulating more and more BTC. However, I'd say that if someone has low income and can barely make ends meet, there's probably no good way to invest in Bitcoin. Because I firmly believe that people should only invest what they can afford to lose. Also, DCA is good overall primarily because Bitcoin tends to have long bear markets, so it means that a person is mainly accumulating BTC at a low price (compared to ATH). But we don't know if that's going to be the case in the future, and if the price remains stably high or is even growing, maybe DCA isn't very good because one's now getting a good price for it.
Therefore, someone who really wants to be in bitcoin then they must pay attention to their financial condition first before finally really being for further conditions. Before discussing any method to be used as a tool for the investments we make, in the end, their financial management must be improved first because in the end we must understand which needs must come first (primary needs) and which are secondary needs and for me at this time currently investing for the long term in bitcoin is a secondary need because even though this is quite good but there is no need to force yourself because after all the main needs are more important so that when indeed we can manage finances well, can set aside money from the income we have and of course ready with all new conditions we can start with bitcoin including for the DCA method that we are discussing today. But what I feel at the moment is that when we already intend to be in bitcoin and invest in it, no matter how difficult we are, we will definitely have a way to set aside that money because we have confidence for the long term so that what we invest in can make this a form of our own version of freedom in financial matters. No need to try to force it because we can start this from a few percent of the total income we have as a form of allowance especially this is also not a race for who can have more bitcoin than others so that we don't feel burdened because the most important thing to do DCA in bitcoin is how capable you are to be prepared with all forms of risk in the long-term process in the investment we do and how consistent we are in making the investment (DCA method). Financial stability comes first. Always. People get caught up in the excitement and fantasize of sudden riches. Smart money doesnt work that way. Before investing in speculation, we settle our essential needs. Bitcoin is no different. For individuals who appreciate its potential and are willing to wait, it can add value to a well-diversified portfolio No need to time the market or chase rapid riches. As with Dollar-Cost Averaging, it requires careful investing. It requires knowing the technology and believing in its long-term potential. Think about Bitcoin? Do your research. Keep your money in check. Remember, prepare for the trip. There will be bumps, but those who can handle them may reap great rewards.
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Casdinyard
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August 26, 2024, 03:58:49 PM |
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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?
Nothing else but agreement on what you said. A lot of people from my block, who already were interested in investing on bitcoin but are a little afraid to take the dip because of the sheer price and propensity for dumping of said coin, found out that DCA was a thing through me, and when I told them how to do it, and why they should do it, things really went well for them. Slowly but surely there were able to come up with a little over half a bitcoin for some, and almost an entire bitcoin for most, which is already a lot considering we're living in a third-world country where money's not really the best. So yeah, if you think you're in a rut and you can't invest in crypto with one fell swoop, consider investing in tidbits through DCA.
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benalexis12
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August 26, 2024, 04:48:52 PM |
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dca is a really good method, no matter where or what cryptocurrency we hold, this dca (dollar cost average) is a good tool for all traders. As long as the crypto that we do with this method is right, we will definitely get a good profit in the future. Here are other guidelines that can help explain how they can actually do these DCA methods so they don't have difficulty accumulating the crypto assets they want: https://www.kraken.com/learn/finance/dollar-cost-averaging
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JayJuanGee
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Self-Custody is a right. Say no to"Non-custodial"
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August 26, 2024, 07:39:51 PM |
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It’s a solid strategy for anyone who wants to build up their crypto stash over time, especially if cash flow is tight.
Yeah, I think the fact is that most people simply don't have a big lump sum amount to invest in Bitcoin, so most people are happy to do DCA. It is not that they are happy. DCA or buying on dips are their only remaining choices when they do not have lump sum investments, and buying on dips is a waiting strategy, and DCA buying is an actively doing strategy. I am not much of a fan of waiting as a BTC investing strategy, especially for newbies who might need to take 4-10 years or longer just to establish some kind of a meaningful position, and surely once they start to build a decent investment portfolio (in BTC and/or if they have other investments) then they may well start to feel that they have more options... and yeah if they are a beginner, it is likely that they ONLY need to start investing in BTC and cash and to balance their investment and build their wealth through those two saving/investing mechanisms and as they build their investment holdings, then they are likely to have way more options after spending a number of years of building their investment and saviings. At the end of the day it is impossible to predict what strategy is best when you ignore things like fees, because it depends on the future price of Bitcoin, which is impossible to predict.
Many people will try to show with past data that DCA or lump sum is better... those analysis are not interesting because you can choose different time periods to make either one of those strategies the best one.
If you have the option to lump sum, then you have more options... most people don't. so it is kind of a worthless exercise in the sense that you are dealing with a hypothetical that does not exist. DCA is not really that different from lump sum if you figure that a person exercising DCA may well be investing as much as they can as early as they can. Now if folks are fucking around with waiting based on buying on dips, then that means that they are waiting with some or all of their possible investment amount, and surely waiting or establishing buying on the dip strategies make sense for a person who might have already spent a decent amount of time buying BTC as compared to someone who does not have any BTC. .. since the ONLY way to prepare for up is by buying BTC, so if a person does not have any or ONLY has a little BTC, then why would it make sense to wait rather than to buy, since by definition of the terms, the conclusion for a low coiner or no coiner is that they do not have enough BTC...so in order to prepare for up they have to buy some BTC... On the other hand, if you already bought some BTC in order to prepare for up, then there still can be a question of whether you have enough.. so if you conclude that you have enough BTC to be prepared for up, then you have more luxuries to wait for down with whatever other money that you currently have available that you could buy BTC with it or wait for down that may or may not end up happening. [edited out]
Financial stability comes first. Always. People get caught up in the excitement and fantasize of sudden riches. Smart money doesnt work that way. Before investing in speculation, we settle our essential needs. Bitcoin is no different. For individuals who appreciate its potential and are willing to wait, it can add value to a well-diversified portfolioBrand new investors do not need to diversify beyond bitcoin and cash. No need to time the market or chase rapid riches. As with Dollar-Cost Averaging, it requires careful investing. It requires knowing the technology and believing in its long-term potential. Think about Bitcoin? Do your research. Keep your money in check. Remember, prepare for the trip. There will be bumps, but those who can handle them may reap great rewards.
DCA does not require deep investigations, even though it is good for the investor to conclude that bitcoin has decently good chances of going up rather than down, so therefore, the DCA investor should be able to start immediately, hopefully have an investment timeline of 4-10 years or longer, choose a position size that is within his discretionary income, and perhaps investing weekly and studying bitcoin along the way in order to become more and more comfortable with it. So yeah, if you think you're in a rut and you can't invest in crypto with one fell swoop, consider investing in tidbits through DCA.
Hopefully no one is investing in crypto using DCA.. fuck shitcoins. shitcoins tend to be pump and dump and bitcoin affinity scams. DCA works for bitcoin, but not necessarily for shitcoins since it is quite difficult to have any long term idea what shitcoins are going to do, so we should not presume DCA to work for shitcoins, like we have been able to conclude that DCA has been and will likely continue to be a good strategy for bitcoin. dca is a really good method, no matter where or what cryptocurrency we hold, this dca (dollar cost average) is a good tool for all traders. As long as the crypto that we do with this method is right, we will definitely get a good profit in the future. Here are other guidelines that can help explain how they can actually do these DCA methods so they don't have difficulty accumulating the crypto assets they want: https://www.kraken.com/learn/finance/dollar-cost-averagingFirst. This is not a thread about shitcoins. We are in the bitcoin section of the forum. Second, we cannot presume DCA works for any coin besides bitcoin, since if we were to want to use DCA for some shitcoin, we would have to first assess that it was not a pump and dump, so we have to be careful about when to get in and when to get out of various shitcoins. Shitcoins also tend to be correlated with bitcoin, but still with additional risk, so there are needs to assess which shitcoins, and how to employ DCA to establish some position in some shitcoin that may or may not end up dumping at a later point in time. Third, using DCA for trading (similar to shitcoins) can be problematic, even though surely DCA does allow you to establish a position over time that you might be unable or unwilling to establish as a one time buy. So yeah, you could use DCA to establish a position over time, even with some asset that you are planning on selling and/or trading in a shorter time frame.
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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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FinePoine0
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August 27, 2024, 05:03:29 AM |
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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?
The DCA method is the simplest method for Bitcoin mining, but following these simple methods requires a lot of hassle. Because following different aspects you have to move if you deposit small amount of bitcoins also look at the transaction fee, but we should determine the strategy to DCA on your income, weekly or monthly you can invest it is your money. will depend on But the bottom line is that no matter how you invest, it's a long-term holding, and it's holding bitcoins on a regular basis that will increase your bitcoins the most.
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justdimin
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August 27, 2024, 06:19:33 AM |
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DCA method is the best way to invest. DCA method is not only for low income individuals I think DCA method is good for every person who invests. Suppose the market is now in a lower position than this position, it will not go up or down, but it cannot be accurately estimated. In this case, if you invest using the DCA method, your investment will be much more successful. So method is better for every person if have to invest then definitely invest using DCA method.
This is true, and not even just for crypto, even if you do gold or stocks or bonds, DCA methods is the the best way to make any money. You know why people who do DCA knew how to do it before anyone else? Because, they knew that it's the way all the wealthy people make their money after they became wealthy, but not before. You do not start with 100 dollars and have a billion dollars with DCA, you get a billion dollars first and then do the DCA and that keeps you wealthy and they have bene doing that for over 4-5 decades, longer if you look at other type of historical investments but no need. So when those people first got to crypto, they started doing it, and it's working but because it's much faster to go up, it works much better here and makes you richer.
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Ryu_Ar1
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August 27, 2024, 09:33:47 PM |
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Therefore, someone who really wants to be in bitcoin then they must pay attention to their financial condition first before finally really being for further conditions. Before discussing any method to be used as a tool for the investments we make, in the end, their financial management must be improved first because in the end we must understand which needs must come first (primary needs) and which are secondary needs and for me at this time currently investing for the long term in bitcoin is a secondary need because even though this is quite good but there is no need to force yourself because after all the main needs are more important so that when indeed we can manage finances well, can set aside money from the income we have and of course ready with all new conditions we can start with bitcoin including for the DCA method that we are discussing today. But what I feel at the moment is that when we already intend to be in bitcoin and invest in it, no matter how difficult we are, we will definitely have a way to set aside that money because we have confidence for the long term so that what we invest in can make this a form of our own version of freedom in financial matters.
No need to try to force it because we can start this from a few percent of the total income we have as a form of allowance especially this is also not a race for who can have more bitcoin than others so that we don't feel burdened because the most important thing to do DCA in bitcoin is how capable you are to be prepared with all forms of risk in the long-term process in the investment we do and how consistent we are in making the investment (DCA method).
Financial stability comes first. Always. People get caught up in the excitement and fantasize of sudden riches. Smart money doesnt work that way. Before investing in speculation, we settle our essential needs. Bitcoin is no different. For individuals who appreciate its potential and are willing to wait, it can add value to a well-diversified portfolio No need to time the market or chase rapid riches. As with Dollar-Cost Averaging, it requires careful investing. It requires knowing the technology and believing in its long-term potential. Think about Bitcoin? Do your research. Keep your money in check. Remember, prepare for the trip. There will be bumps, but those who can handle them may reap great rewards. Actually in this case when we are in an economic condition that is indeed in the middle or difficult caste, I don't think there is a need for diversification or whatever it is to invest because bitcoin is enough to do in the long run because it is useless for us to verify but in the end what we do is not optimal so instead of that happening it would be better to focus on one place to invest so that the results are more optimal. In addition, when we want to invest in bitcoin with the DCA scheme, I don't think it is necessary to study bitcoin as a whole and in depth from the beginning because all they need to do is buy consistently while continuing to add to the treasury of knowledge about bitcoin while walking in the investment made because after all, knowledge and experience over time will increase if we focus on learning it regularly. So all they have to do when they want to invest and DCA in bitcoin is just buy consistently nothing more than that.
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nullama
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August 28, 2024, 09:59:22 AM |
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~snip~ This is true, and not even just for crypto, even if you do gold or stocks or bonds, DCA methods is the the best way to make any money. You know why people who do DCA knew how to do it before anyone else? Because, they knew that it's the way all the wealthy people make their money after they became wealthy, but not before.
You do not start with 100 dollars and have a billion dollars with DCA, you get a billion dollars first and then do the DCA and that keeps you wealthy and they have bene doing that for over 4-5 decades, longer if you look at other type of historical investments but no need. So when those people first got to crypto, they started doing it, and it's working but because it's much faster to go up, it works much better here and makes you richer.
Yeah, that's kinda the key to wealth really, at least if you weren't born in a wealthy family. Basically you want to transfer as much income into assets every time you get paid. Income is cash which continues to devalue over time, so you want to exchange it as fast as possible for real assets.
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ultrloa
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August 28, 2024, 11:15:29 AM |
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DCA method is the best way to invest. DCA method is not only for low income individuals I think DCA method is good for every person who invests. Suppose the market is now in a lower position than this position, it will not go up or down, but it cannot be accurately estimated. In this case, if you invest using the DCA method, your investment will be much more successful. So method is better for every person if have to invest then definitely invest using DCA method.
This is true, and not even just for crypto, even if you do gold or stocks or bonds, DCA methods is the the best way to make any money. You know why people who do DCA knew how to do it before anyone else? Because, they knew that it's the way all the wealthy people make their money after they became wealthy, but not before. You do not start with 100 dollars and have a billion dollars with DCA, you get a billion dollars first and then do the DCA and that keeps you wealthy and they have bene doing that for over 4-5 decades, longer if you look at other type of historical investments but no need. So when those people first got to crypto, they started doing it, and it's working but because it's much faster to go up, it works much better here and makes you richer. You can use it anywhere you like and this is applied on Bitcoin since the idea or strategy is really great. It proven effective that's why lots of people got hooked with this idea then try to implement with their accumulation done with bitcoin. Its like distribution of your wealth to gain profit with it. But that doesn't stop only there and we don't need that huge amount to start since not everyone have that. Even low income person could able to do DCA method using low amounts they can afford. But its up to them in the long run if their are times they use huge funds to increase their investment budget and what's important is they are truly consistent to accumulate huge volume on their target years. But wealthy people always have an advantage when using this strategy.
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Bloodseekers
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 29, 2024, 07:00:20 AM Merited by JayJuanGee (1) |
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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?
The DCA method is the simplest method for Bitcoin mining, but following these simple methods requires a lot of hassle. Because following different aspects you have to move if you deposit small amount of bitcoins also look at the transaction fee, but we should determine the strategy to DCA on your income, weekly or monthly you can invest it is your money. will depend on But the bottom line is that no matter how you invest, it's a long-term holding, and it's holding bitcoins on a regular basis that will increase your bitcoins the most. Everyone here must have understood well the DCA method will certainly use this method in collecting their Bitcoin and if you are worried about transaction fees, you can first save the money you have and when you see the transaction fees are in accordance with your wishes, you can invest your money in Bitcoin and of course you must be able to do it consistently so that you can collect more of your assets in the long term to be able to make a profit and to survive in the long term, of course you must use funds that can be maintained in the long term because if not, of course you will experience losses because you have to withdraw funds before your investment target is achieved.
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As-Soon-As
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 29, 2024, 07:19:21 AM |
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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?
The DCA method is the simplest method for Bitcoin mining, but following these simple methods requires a lot of hassle. Because following different aspects you have to move if you deposit small amount of bitcoins also look at the transaction fee, but we should determine the strategy to DCA on your income, weekly or monthly you can invest it is your money. will depend on But the bottom line is that no matter how you invest, it's a long-term holding, and it's holding bitcoins on a regular basis that will increase your bitcoins the most. Everyone here must have understood well the DCA method will certainly use this method in collecting their Bitcoin and if you are worried about transaction fees, you can first save the money you have and when you see the transaction fees are in accordance with your wishes, you can invest your money in Bitcoin and of course you must be able to do it consistently so that you can collect more of your assets in the long term to be able to make a profit and to survive in the long term, of course you must use funds that can be maintained in the long term because if not, of course you will experience losses because you have to withdraw funds before your investment target is achieved. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fwww.talkimg.com%2Fimages%2F2024%2F08%2F29%2F9P7Zc.jpeg&t=665&c=mksAxrayBx1cSg) If you are worried about transaction fees then you can use this bitcoin transaction mempool. Because this is where you can get a feel for what the transaction fees will cost, and you can trade bitcoins at Mempool, which will cost you a lot less. Especially if you hold bitcoins with DCA method then you will save the biggest and best.
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Antonil
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 29, 2024, 04:01:54 PM |
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If someone wants to invest on a large scale, which method should he adopt?
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Z_MBFM
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 29, 2024, 04:26:55 PM |
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dca is a really good method, no matter where or what cryptocurrency we hold, this dca (dollar cost average) is a good tool for all traders. As long as the crypto that we do with this method is right, we will definitely get a good profit in the future. Here are other guidelines that can help explain how they can actually do these DCA methods so they don't have difficulty accumulating the crypto assets they want: https://www.kraken.com/learn/finance/dollar-cost-averagingWhen you use the DCA method it means you are buying coins at different prices at different times. Because of this your entire investment will come to an average. So in this case, if the price of your invested coin goes down, you will not have a big loss. But even if the coin price is pumped a lot you will not get huge profit because you bought that coin at different price at different time. So DCA has both positive and negative aspects. But even if the profit is less, it does not cause us financial loss. But even a small loss damages our financial condition. So DCA method is still very good method for us
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JayJuanGee
Legendary
Offline
Activity: 3822
Merit: 10787
Self-Custody is a right. Say no to"Non-custodial"
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 29, 2024, 04:28:43 PM |
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If someone wants to invest on a large scale, which method should he adopt?
Lump sum is good, but he can supplement lump sum with buying on dip and DCA. Each person has to decide the trade offs, so he should apportion his style in accordance with his individual situation and considering his 9 individual factors.
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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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moneystery
Full Member
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Activity: 798
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PredX - AI-Powered Prediction Market
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 29, 2024, 04:40:29 PM |
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Financial stability comes first. Always. People get caught up in the excitement and fantasize of sudden riches. Smart money doesnt work that way. Before investing in speculation, we settle our essential needs. Bitcoin is no different. For individuals who appreciate its potential and are willing to wait, it can add value to a well-diversified portfolio
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i agree that financial stability is important in bitcoin investment, someone who wants to achieve maximum results in their bitcoin investment needs to think about this, because how can they achieve long-term investment if in a short time they sell the bitcoin they hold because they need money immediately for their needs. by having financial stability, at least an investor can allocate some of his money consistently, and over time along with his investment, he can build his portfolio and achieve his long-term investment goals.
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Orpichukwu
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August 29, 2024, 10:37:34 PM |
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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?
DCA is probably the best way to accumulate bitcoins for those who have low income especially because it makes you manage your money in a different way: if every month you know that, for example, 15% of your salary gets automatically invested in bitcoin, you are left with less money, therefore you need to find a way to better manage your finances, and usually that means spending less money on useless stuff. It's an actual life-changing lesson. Even for high-income earners most times, I think it's also good for them to consider DCing as it's more convenient for acquiring Bitcoin. The amount they acquire might be different based on how high their income is. Let's take some institutional investors, for instance, like Micro Strategy and other companies that focus on acquiring Bitcoin on a regular basis. They are not only doing that because they have low income, but I think that's because they want to acquire it installmentally, either based on how their revenues are being raised or when there is surplus in the company.
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| . Duelbits | │ | | │ | ▄▄█▄▄░░▄▄█▄▄░░▄▄█▄▄ ███░░░░███░░░░███ ▀░░░▀░░▀░░░▀░░▀░░░▀ ▄░░░░░░░░░░░░ ▀██████████ ░░░░░███░░░░▀ ░░█░░░███▄█░░░█ ░░██▌░░███░▀░░██▌ ░█░██░░███░░░█░██ ░█▀▀▀█▌░███░░█▀▀▀█▌ ▄█▄░░░██▄███▄█▄░░▄██▄ ▄███▄ ░░░░▀██▄▀ | . REGIONAL SPONSOR | | ███▀██▀███▀█▀▀▀▀██▀▀▀██ ██░▀░██░█░███░▀██░███▄█ █▄███▄██▄████▄████▄▄▄██ ██▀ ▀███▀▀░▀██▀▀▀██████ ███▄███░▄▀██████▀█▀█▀▀█ ████▀▀██▄▀█████▄█▀███▄█ ███▄▄▄████████▄█▄▀█████ ███▀▀▀████████████▄▀███ ███▄░▄█▀▀▀██████▀▀▀▄███ ███████▄██▄▌████▀▀█████ ▀██▄███▀██▄█▄▄▄██▄████▀ ▀▀██████████▄▄███▀▀ ▀▀▀▀█▀▀▀▀ | . EUROPEAN BETTING PARTNER | |
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$weetne$$
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 30, 2024, 07:23:05 AM |
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If someone wants to invest on a large scale, which method should he adopt?
DCA is still the best Bitcoin investment method because it gives you a chance to buy more Bitcoin for a lesser price as you buy some Bitcoin during the dip and not buying one time. The more the market dips is the more quantity of Bitcoin that you can buy with the same amount but if you had previously bought, you won't have capital to use in buying and when you do have more capital, you will be spending more than you would had if you bought through DCA. DCA also makes you to understand the market that you are investing in because you will be following the market and can read more about it before investing more. You can always buy in a large sums if you do not care about the dips and only investing for the far future but DCA will always favour you more and you can automate your DCA.
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ChiBitCTy
Legendary
Offline
Activity: 2366
Merit: 3148
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Today at 04:20:36 AM |
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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?
Sure, dollar cost averaging if a great method of acquiring any sort of asset over the course of time when you aren’t sure of its price points, especially if you aren’t sure if it’ll ever be “cheaper” again. But that said, it’s still important to remember that people should only be “investing” in Bitcoin if that have the financial means to doing so, as in, they aren’t buying it by sacrificing the purchasing of traditional investments.
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GigaBit
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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 is a suitable strategy for Bitcoin accumulation and for those who want to hold Bitcoin for the long term. DCA is an effective strategy for those who do not have the ability to invest large sums of money at once or those who, despite having the money, are not willing to take the investment risk. As such, it will help an investor to buy bitcoins regularly as well as bring the difference between the buying and selling of bitcoins to a tolerable level. A low income to high income person will have the opportunity to collect bitcoins using this strategy. There is a thread on the forum Buy the DIP, and HODL! for those who want to know about DCA. By reading this thread carefully one can get more knowledge about this method.
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