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Author Topic: DCA: the power of little beginning  (Read 1292 times)
Ben Barubal
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May 15, 2024, 01:26:48 AM
Last edit: May 17, 2024, 12:19:47 AM by Ben Barubal
 #121

     This DCA is the main tool for us to accumulate bitcoin and other top cryptos in the market. And these methods are used by all investors, whether they are rich, poor, or middle-class investors, as they are called. In shot, Dca is a proven and tested tool for holders, right?

     Until now, many investors or holders are using it, and I am included, and the number of communities that will use this DCA will increase in the coming
days or time.

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May 15, 2024, 01:29:48 AM
 #122

It's always best to start, no matter how little you have. If you keep waiting for the time you would have a lot of money before you start investing, you're just going to end up missing a lot of good opportunities.

So, it's best to just start now and keep building up, before you know it, you would hit whatever target you have set
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May 15, 2024, 06:42:08 AM
 #123

It's always best to start, no matter how little you have. If you keep waiting for the time you would have a lot of money before you start investing, you're just going to end up missing a lot of good opportunities.

So, it's best to just start now and keep building up, before you know it, you would hit whatever target you have set

Yess. Everything seems small at first when we start and I agree that all have a first step and the first step when you want to invest in BTC is to start buying it even with just a few dollars e.g. $50 at least or below the value with cold money without being disturbed by other urgent needs.

It takes hard work and will pay in time and BTC is not an empty box that has no value and meaning in the future. In the future, maybe the global economic atmosphere will not be okay and we can prepare preparations from the beginning even though we are a little late compared to those who have known this earlier.

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May 16, 2024, 08:51:40 AM
 #124

It's always best to start, no matter how little you have. If you keep waiting for the time you would have a lot of money before you start investing, you're just going to end up missing a lot of good opportunities.

So, it's best to just start now and keep building up, before you know it, you would hit whatever target you have set

Smart answer and that's what it means if you think about it without starting it's the same as the price getting lower and the opportunity to get the desired price passed. Very often many people come and buy when the price of BTC is rising very high even though previously there was a discount when the correction came, it was not utilized and it was dominant like that and for reasons of being busy. which definitely hasn't been bought yet if we ask.

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May 16, 2024, 02:01:42 PM
 #125

It's always best to start, no matter how little you have. If you keep waiting for the time you would have a lot of money before you start investing, you're just going to end up missing a lot of good opportunities.

So, it's best to just start now and keep building up, before you know it, you would hit whatever target you have set
Each small amount of money will always be relevant to bitcoin, so if you don’t want to miss out opportunities, don’t procrastinate but invest now so you can reap massive profits in the future. Does not matter if you don’t have sufficient funds on hand, what’s more important is that you take an action now and start investing even with a small amount of capital. Little did we know this small amount of capital will gradually grow and turn millions in the future, just trust the process.

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May 16, 2024, 05:40:08 PM
 #126

It's always best to start, no matter how little you have. If you keep waiting for the time you would have a lot of money before you start investing, you're just going to end up missing a lot of good opportunities.

So, it's best to just start now and keep building up, before you know it, you would hit whatever target you have set
Smart answer and that's what it means if you think about it without starting it's the same as the price getting lower and the opportunity to get the desired price passed. Very often many people come and buy when the price of BTC is rising very high even though previously there was a discount when the correction came, it was not utilized and it was dominant like that and for reasons of being busy. which definitely hasn't been bought yet if we ask.
If we think too much about the investment we are going to make then we will never be able to start investing because we cannot know for sure whether the investment we are going to carry out will work well or not if we haven't tried it and after we try it we will be able to know where our shortcomings are and we will be able to fix them and of course this will be very useful when we try to re-run the investment we are going to carry out.

When someone buys Bitcoin when it experiences an increase, of course they don't understand well about investing in Bitcoin and they don't do this based on the knowledge they have. Of course this will be very detrimental to them. If they understand well about investing in Bitcoin, of course they will. can know the right time to buy it or buy using the DCA method and they can do it consistently so they can achieve the targets they invest in.

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Ben Barubal
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May 17, 2024, 12:23:02 AM
 #127

It's always best to start, no matter how little you have. If you keep waiting for the time you would have a lot of money before you start investing, you're just going to end up missing a lot of good opportunities.

So, it's best to just start now and keep building up, before you know it, you would hit whatever target you have set
Each small amount of money will always be relevant to bitcoin, so if you don’t want to miss out opportunities, don’t procrastinate but invest now so you can reap massive profits in the future. Does not matter if you don’t have sufficient funds on hand, what’s more important is that you take an action now and start investing even with a small amount of capital. Little did we know this small amount of capital will gradually grow and turn millions in the future, just trust the process.

      That's what all crypto/bitcoin enthusiasts believe: with a small amount, there is a huge chance that the value will increase in the future, and many people have proven that in Bitcoin and even in other cryptocurrencies that are in the top listing of the market.

     Maybe it's just a small amount right now and it doesn't seem to have any value, but we'll be surprised one day; the value will be high. We didn't expect the price to increase like that, so what you said is right: we will also harvest on the right day and time. .

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May 17, 2024, 12:56:13 AM
 #128

Little did I know that buying little by little would have made me achieve even bigger results than I was targeting through trading.
I totally understand you because I did the same mistake. But I don't regret it, I think making mistakes is all part of the process and it makes a more experienced investor. Of course they are two totally different routes, one is way more exciting than the other, but it's also way more stressful when things start going south, I still remember sometimes I woke up in the middle of the night to check some open trades... On the other hand DCA is so quite and simple that is boring, but you have no worries, just keep buying and that's it.

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May 17, 2024, 11:55:48 AM
 #129

It's always best to start, no matter how little you have. If you keep waiting for the time you would have a lot of money before you start investing, you're just going to end up missing a lot of good opportunities.

So, it's best to just start now and keep building up, before you know it, you would hit whatever target you have set
Each small amount of money will always be relevant to bitcoin, so if you don’t want to miss out opportunities, don’t procrastinate but invest now so you can reap massive profits in the future. Does not matter if you don’t have sufficient funds on hand, what’s more important is that you take an action now and start investing even with a small amount of capital. Little did we know this small amount of capital will gradually grow and turn millions in the future, just trust the process.
Of course it is best to invest in BTC initially in small amounts. And in this case DCA method is the best because in this method you can start from any amount and you can get desired profit by managing it for long time. It is recommended to increase the DCA amount over time to see your investment funds grow as much as possible.

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May 17, 2024, 06:16:43 PM
 #130

This DCA is the main tool for us to accumulate bitcoin and other top cryptos in the market. And these methods are used by all investors, whether they are rich, poor, or middle-class investors, as they are called. In shot, Dca is a proven and tested tool for holders, right?

 Until now, many investors or holders are using it, and I am included, and the number of communities that will use this DCA will increase in the coming
days or time.
Dollar Cost Averaging is not the main tool for bitcoin accumulations if you say it's the main tool then you're getting it wrong, it's just one of the methods which is used frequently to buy bitcoin for a long term purpose.
Perhaps bitcoin is the only cryptocurrency that the dollar cost averaging has been proven to be the best method to acquire with because other cryptocurrencies are not as expensive as bitcoin only Ethereum is second to bitcoin in price hence acquire other cryptocurrencies might not need to be DCAed as it's cheap one can buy them at any given time.

One of the major reasons why dollar cost averaging has made it way to prominence over all other method which includes lump sum, but the dip etc is the fact that it allows investors/buyers to purchase at any circumstances, it reduces the stress of waiting till you have up to the current price of bitcoin before you can buy. At some point it helps as a discount especially when the price is low.

For now their is no other method or purchasing strategy that is above DCA hence it remains the best in the main time.

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May 17, 2024, 07:25:08 PM
 #131

I did some DCA because I'm getting a few bucks every week from my signature campaign and I've been doing it for years, but I still wouldn't recommend that to all. There are situations where DCA is good and there are some where it's not.

When you're a small earner, like many of us here. You get a few extra dollars every month. Why not put that into bitcoin? On the other hand it's dumb for a millionaire to do the same. For him the best option is a lump sum purchase and I've seen articles where people show that lump sum, if you can afford it, is better than DCA.

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May 20, 2024, 02:45:43 PM
 #132

Little did I know that buying little by little would have made me achieve even bigger results than I was targeting through trading.
I totally understand you because I did the same mistake. But I don't regret it, I think making mistakes is all part of the process and it makes a more experienced investor. Of course they are two totally different routes, one is way more exciting than the other, but it's also way more stressful when things start going south, I still remember sometimes I woke up in the middle of the night to check some open trades... On the other hand DCA is so quite and simple that is boring, but you have no worries, just keep buying and that's it.
I think that to regret is only fine because we are only just a human but we must only try better next time, so that we won't regret again. When you say two different routes, you must be referring to investing and trading. I think that there is also an excitement factor in investing because we still don't know the flow of the coins and this is also stressful at the same time.

There is also a stress when we experience a permanent loss. It's also up to the person and their experience. Investing is not only limited to buying but we also need to do a research first, so that we can increase our chances of earning a profit after a long time of hodling them.

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May 20, 2024, 03:00:14 PM
 #133

The amount of people underestimating increments is just baffling to me, just because you can't see immediate gains doesn't mean you're not gaining anything at all!

DCA is an even more powerful increment system as it not only ensures you always have a stake at a cryptocurrency of your choosing, it also gives you access to one of the most profitable ventures out there which is crypto investing, so the money that you initially invested yesterday's got a massive chance of becoming an even bigger amount of money tomorrow. So yeah, DCA-ing in crypto's just one of the smartest things you can do for yourself and for your money.

A dollar goes a long way, and if in any case I would highly suggest you do the 30-day system too! You put in a dollar on your first day of investing, 2 dollars on the next day, 3 dollars on the third day, and so on and so forth until you reach either 30 bucks or 31 dollars, by then, reset and rinse and repeat. This should allow you to put in a comfortable amount of money, and even better, it hastens your DCA investment process cause compared to having put a certain amount of money once every month or week or so, you do this shit everyday.

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May 20, 2024, 04:27:55 PM
 #134

I did some DCA because I'm getting a few bucks every week from my signature campaign and I've been doing it for years, but I still wouldn't recommend that to all. There are situations where DCA is good and there are some where it's not.

When you're a small earner, like many of us here. You get a few extra dollars every month. Why not put that into bitcoin? On the other hand it's dumb for a millionaire to do the same. For him the best option is a lump sum purchase and I've seen articles where people show that lump sum, if you can afford it, is better than DCA.

I agree with the method of purchasing at once where it is quite simple and also easy with a note of enough funds and no need to bother in installments, it's just that back to the point of your first paragraph if you get more income as you mentioned above and that is quite helpful.

The obstacle now, currently there are still many people who do not have more income to be allocated regularly to be able to buy BTC even though it is only 30 dollars per month and still have to find other income to be able to cover the lack of monthly costs either for themselves or those who are married of course.
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