DCA (Dollar Cost Averaging) method is a simple way to invest in Bitcoin

[sokani]

Honestly, I never knew hourly DCA existed until now. I understand that it might not involve buying every hour but I don't really fancy it. Daily DCA is good especially when you're a trader and when you're making profit on a daily basis. Weekly or Monthly DCA is perfect for me, you don't really have to put yourself on unnecessary pressure to buy and stack. I think the size of your pocket and how frequent you've funds coming in will determine what method is best suited for you.

[Frankolala]

Investing in the DCA method is to invest consistently at different positions in the coin's price. There are usually several ways to invest in the DCA system. An investor can invest in hourly DCA method if he wants, he can invest in DCA method continuously every day

I haven't heard of hourly DCA method and I don't see it as a good way to mange and invest in bitcoin using DCA method. This is because bitcoin price doesn't change constantly in every one hour as the price do remain the same all day and if there will be a change in price it will be very little. Also the time and stress to buy bitcoin hourly is not ideal.

Newbies that want to invest in bitcoin using DCA method should buy bitcoin weekly or monthly because this is when it will be possible for you to buy bitcoin in various prices. Anyone using DCA approach should have his emergency funds available and also ha e funds to take care of other needs so that you don't go and sell your investment when you are faced with some challenges.

The reason why I see the DCA approach superior is because it gives room for the poor with low income to increase their bitcoin portfolio with timeline. Instead of hourly or daily DCA, it is better to pile up the money and buy once weekly to avoid distraction and so that you can have time for other investments.

[Wind_FURY]

Honestly, I never knew hourly DCA existed until now. I understand that it might not involve buying every hour but I don't really fancy it. Daily DCA is good especially when you're a trader and when you're making profit on a daily basis. Weekly or Monthly DCA is perfect for me, you don't really have to put yourself on unnecessary pressure to buy and stack. I think the size of your pocket and how frequent you've funds coming in will determine what method is best suited for you.

It's merely personal preference. Some people like to save fiat and wait for the DIP and better opportunities, while other people feel more comfortable in weekly/monthly DCA. But whatever strategy you decide to use, as plebs, we should avoid FOMO/buying in excitement during a surge. It happens a lot when Bitcoin moves fast after buying high. Instead of actually HODLing, if the price suddenly goes down, many plebs sell with a small loss then FOMO back in again at a higher price during another surge.

¯\_(ツ)_/¯

[Crypto Library]

The DCA method I always prefer is for investment risk management in long-term holdings. But in this case I am not much interested in hourly or daily investment. Because I think where you are holding your funds with the DCA method is very important, especially since I have seen many people who have long term strategies invest daily or weekly in a centralized exchange. And I think holding funds for the long term in a centralized exchange is foolishness. And most users hold their funds in a centralized exchanger to avoid transaction costs.
Although I use it myself in some cases especially when the transaction fee is high I buy btc on cex and wait for the withdrawal fee to drop later.Also I think it is better to use monthly strategy while using DCA method.

[BTC_Dragon]

It also works great for lump sums, as well. I.E. not just dumping a grand into BTC, but say in chunks of 100 at a time across various dates/prices, etc.

Whether it's chunking lump sums - or just regularly scheduled amounts - this has only worked positively in my favor, in my experience.

[Fuso.hp]

Honestly, I never knew hourly DCA existed until now. I understand that it might not involve buying every hour but I don't really fancy it. Daily DCA is good especially when you're a trader and when you're making profit on a daily basis. Weekly or Monthly DCA is perfect for me, you don't really have to put yourself on unnecessary pressure to buy and stack. I think the size of your pocket and how frequent you've funds coming in will determine what method is best suited for you.

Investing in hourly DCA method and if 1 dollar is invested every hour then the investment amount of an investor is 24 dollars every day. 24 dollars for one day is fine but when an investor invests 24 dollars every day for 1 consecutive month, but at the end of one month his investment amount will be like 720 dollars. Usually those who invest in DCA method depend on their income and it will be very difficult for a person to invest $720 every month irrespective of his income. There is nothing to be so professional about investment, I will invest as much as I can myself, there is no need to invest even if I see others. I see others have invested a lot of money for a few days but after a few days I don't have money to invest but this investment will never be fulfilled so I should invest the amount of money that I can invest and keep it consistent.  .

[bluebit25]

For me, the simplest way to invest in bitcoin is how you can buy it and keep it until it makes a profit for you. Because no one has the ability to have capital or knowledge about this field, and the method is just a way to ensure capital and grow profits. I also agree that DCA is a good process to find a stable balance between both risk/return, but before that, instead of emphasizing financial factors, the decisive factor is still knowledge and practical experience.

Because I cannot go back to the past to tell myself not to sell bitcoin, but instead in the present and the future I am aware of the opportunity in this space to balance the factors surrounding life. And in fact, without previous experience, I would have been skeptical like many new participants and hoped for easy profits.

[Mate2237]

I don't think the daily approach is good for a beginner because as a beginner he is still struggling to understand how the market is.so I will recommend weekly plan for the person. But if the person is an experience person, then he can do the daily plan but that should be base on the income flow of the person. But even at that I still prefer the weekly plan because there are other expenses to do in the family.

We should not do something would hook us up in throat. DCA is the best way to invest in Bitcoin but must be consistent and have a constant income to do that.

[sokani]

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Investing in hourly DCA method and if 1 dollar is invested every hour then the investment amount of an investor is 24 dollars every day. 24 dollars for one day is fine but when an investor invests 24 dollars every day for 1 consecutive month, but at the end of one month his investment amount will be like 720 dollars.

Are you for real... Do you even know what you're talking about? Buying 1$ dollar worth of Bitcoin every hour and $24 dollars each day... Which exchange are you going to buy bitcoin at 1$, most exchanges accept trades of $10 and above. Let's assume a buy order of 1$ was even possible, did you take into consideration the cost to withdraw from exchange? Would you pay $10 - $15 in fees to transfer $1 worth of Bitcoin to your personal wallet?

[jossiel]

Most of the members that don't know DCA from this forum are the newbies, the rest have already an idea about it but not sure if they're doing it.

Because it's whenever we're comfortable to buy, we buy. But if you look forward with a goal of having this xx amount of Bitcoin then you'd definitely going to DCA.

Weekly or monthly for me is the best, that is for me and I don't know if there's an hour guy that does it based on your example but it's just about the point and idea.

[Taskford]

I don't think the daily approach is good for a beginner because as a beginner he is still struggling to understand how the market is.so I will recommend weekly plan for the person. But if the person is an experience person, then he can do the daily plan but that should be base on the income flow of the person. But even at that I still prefer the weekly plan because there are other expenses to do in the family.

We should not do something would hook us up in throat. DCA is the best way to invest in Bitcoin but must be consistent and have a constant income to do that.

Might be not a good approach since how could they accumulate  every hour or day if they can't understand what they are doing? For sure newbie will get struggle to determine if they are still doing good and if they do that maybe they caught up on wrong expectation then maybe they loss their money because they didn't calculate well the risk for doing it. Maybe a proper market observation should be done first so that they can get an idea on how to do good decision for executing this also they would provably know how can settle up something on their side once they want to do this DCA method.

This is perfect strat to be done but it needs proper experience so that it works well with people who want to use and want to earn success on their trades.

[Viscore]

I would say DCA is the safest option to accumulate bitcoin without compromising yourself to spend a big amount just to own bitcoin. With DCA, buying even with a small amount is still possible and once you do it consistently, your bitcoin will be compounded and will eventually become a huge amount of investment. That’s the reason why even poor individuals can start to invest in bitcoin, because bitcoin investment is not actually expensive, it’s indeed affordable. It only gets highly valuable and expensive the moment you decide to buy the whole bitcoin.

[mirakal]

Certainly yes. DCA is not just the easiest and simplest, but the safest option as well so you can avoid one time losing or losing a huge amount when you intend to sell at a wrong timing. So if you are planning to invest in bitcoin but worry because of having only small capital, then you are wrong with that. Bitcoin is only expensive if you chose to buy a whole portion of it.

However, if you invest using DCA, even the smallest amount that you can afford to lose is good enough. Either if you do it weekly, bi monthly or monthly, that’s up to you as long as you only spend a portion of your income that you are comfortable of losing.

[Churchillvv]

Since I have been around this forum, I have learned that DCA is the most convenient way of investing in Bitcoin or maybe another investment because it allows you to take care of other responsibilities while at the same time letting you invest your money. And from my little knowledge, it's good to do DCA weekly if you earn or can afford it, or you could just do DCA monthly as a salary earner, but I haven't, in this maybe long or short time here, heard of hourly investment.

BTW, is there any job that pays you hourly? I mean, every hour while you are working, you are being paid. Let's say $100 every hour is entering your account. not the ones that are scaled for hourly payment but later paid at the end of the day? Is there anything of the sort? probably No. So how did you come about hourly investment?. Even the weekly investment isn't convenient for most people because they work for salaries.

I might be wrong, though location or my perspective of understanding could be the reason why I haven't heard of hourly investment, but from now on I have read of it.

[Qiubell5]

If you find it difficult to invest in DCA method every day, you can follow this method weekly. You can invest weekly by multiplying the amount you used to invest daily. If you are not able to invest weekly, you can invest in DCA method consistently every month. 
Since there are all kinds of options available, you can choose any method as per your wish and convenience in investing in DCA method.

Buying bitcoin with the DCA technique is indeed a very good technique. Because the purchases made become more consistent.

But even so, never forget, when doing DCA you have to use money that is ready to be lost or money that really won't be used for a long time. Because if it's not like that, I'm afraid the DCA won't run well. Because after all, capital is an important key in an investment, including Bitcoin. For this reason, even though DCA is indeed a good technique to use when investing in bitcoin. But if the capital is hot money, I'm sure the DCA will not run smoothly.

[Zigabel]

There are many members of this forum who do not know about DCA method of investing till now or even if they know they do not fully understand about DCA method of investing.

Investing in the DCA method is to invest consistently at different positions in the coin's price. There are usually several ways to invest in the DCA system. An investor can invest in hourly DCA method if he wants, he can invest in DCA method continuously every day or he can invest weekly or monthly continuously if he wants. Now the question is which one is perfect for you. Which one you take will depend on your income or money supply. If you are receiving weekly payments, you can invest a certain amount of money every day in the DCA method, so that every day the market changes and you will have your investment in different positions of value. If you find it difficult to invest in DCA method every day, you can follow this method weekly. You can invest weekly by multiplying the amount you used to invest daily. If you are not able to invest weekly, you can invest in DCA method consistently every month. 
Since there are all kinds of options available, you can choose any method as per your wish and convenience in investing in DCA method.

Due to high cost of transactions I think it's much better to DCA monthly for those who earn weekly and weekly for those who earn daily that way you will be able to save some cost on transactions, those who earn weekly can aswell DCA twice a month it's also a fair practice but daily DCA can be less cost effective and the fees alone could have accumulated to be good enough to have added to the hodling. DCA is one of the best way to accumulating good units of Bitcoin especially if you are not able to afford it all at once but with DCA, you will be able to get it done over a period of time and still have some good money left with you to fix up other things.

For convenience DCA is one of the best way to accumulating Bitcoin as compared to other ways which are obtainable on exchanges and P2P or rewards and payments for jobs.

[Fuso.hp]

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Investing in hourly DCA method and if 1 dollar is invested every hour then the investment amount of an investor is 24 dollars every day. 24 dollars for one day is fine but when an investor invests 24 dollars every day for 1 consecutive month, but at the end of one month his investment amount will be like 720 dollars.

Are you for real... Do you even know what you're talking about? Buying 1$ dollar worth of Bitcoin every hour and $24 dollars each day... Which exchange are you going to buy bitcoin at 1$, most exchanges accept trades of $10 and above. Let's assume a buy order of 1$ was even possible, did you take into consideration the cost to withdraw from exchange? Would you pay $10 - $15 in fees to transfer $1 worth of Bitcoin to your personal wallet?

I am telling you this simply. Let's say you deposit exactly $1000 in any exchange account, depositing $1000 doesn't mean you have to invest $1000 at the same time. At the same time, if 1000 dollars can be deposited, then every 10 hours from that 1000 dollars, if bitcoin can be purchased with 10 dollars, then no additional transaction fee will be deducted for each trading. There is a very small trading fee for trading on the exchange. I understand that one dollar amount of Bitcoin or any other coin cannot be bought from the exchange. Most of the exchanges require a minimum purchase of 10 dollars. If you can invest $10 after 10 hours then the investment amount is one dollar per hour and this is the way I am talking about investing, I hope now you understand what I mean by investing one dollar per hour.

[AnonBitCoiner]

There is no doubt that DCA method is beneficial but its a matter of money, if a person possess money then he can use DCA method to buy bitcoin on daily basis but if he does not have income then I think he will buy at least at one position at a single moment.

I think that a person should buy according to DCA method for four years of duration then sell all bitcoin during halving because that is the timing when there is a surge in price and one hardly find money to buy bitcoin that time like the situations in present.

Another point to be noted here is that a person first cannot buy bitcoin based on hour because there is higher fees required and also a person does not have enough amount to invest based on every hour but still it depends on a person financial system that how he can afford to invest amount according to the market price.

[Mate2237]

Might be not a good approach since how could they accumulate  every hour or day if they can't understand what they are doing? For sure newbie will get struggle to determine if they are still doing good and if they do that maybe they caught up on wrong expectation then maybe they loss their money because they didn't calculate well the risk for doing it. Maybe a proper market observation should be done first so that they can get an idea on how to do good decision for executing this also they would provably know how can settle up something on their side once they want to do this DCA method.

This is perfect strat to be done but it needs proper experience so that it works well with people who want to use and want to earn success on their trades.

Even though DCA is the best method to invest in Bitcoin or any other cryptocurrency I would not advise people to invest daily because if the person income I not sufficient to invest daily then it would affect the person in some days that he might not have or not sufficient in those days. Then it is good to invest either weekly or monthly so that the person can also plan to do other things. Because DCA is the best method to invest so we should empty out pockets every day, that is can't happen and it is not a good plan of investment.

A responsible investor knows when to invest and what to do. He is not greedy and always be careful of what to do. And those who are greedy invest anyhow and end of losing all to the bear market and cry at the end.

[The Cryptovator]

Make it more simple. You may buy in every dip you find; this would be the perfect DCA strategy. The explanation would be different for each person about DCA strategy, and we may debate it. But I feel my point is the actual DCA strategy from my position. Also, you may buy from your monthly savings, but it is better to wait for a dip. So it is more likely that you will get Bitcoin cheaper. I believe forum users aren't familiar with DCA. But they are familiar with the strategy. For example, at the beginning, I wasn't familiar with the DCA word, but I followed it to accumulate on every dip.