DCA: the power of little beginning

[Moreno233]

I have come to understand and appreciate the saying that "little drops of water make a mighty ocean", the DCA method of buying Bitcoin brought me to that understanding. I have had this poor mindset of making huge profits from trading thereafter, invest part of it into Bitcoin holding as a hedge to my trading. This mindset have held me moving round the same cycle of profits and losses for over two years with no progress despite the pains and psychological torture that comes with losing streak in trading. Little did I know that buying little by little would have made me achieve even bigger results than I was targeting through trading. It was when I started being active in this forum I noticed that there is something called Dollar Cost Averaging (DCA) that enable someone buy Bitcoin even with small amount of money on a regular basis. I embraced it and it has changed my life!

Today I am a proud Bitcoin investor, with a portfolio that I can call an achievement even though it may not be something too big for some people. I am not making this post because of Bitcoin is rising in price, my focus is on the quantity of Bitcoin and not necessarily the dollar value. Besides, the DCA method has molded me to appreciate bear markets because that is the opportunity to collect more Bitcoin at lower prices.

I am sure there are many people with similar thing to say about the DCA method because I have engaged in many discussions where a good number of forum users confirmed to be using the DCA method, so I expect they will also be proud of what they have achieved through it.

To those who really helped in sharing their wealth of knowledge free of charge in this forum like @JayJuanGee, @Wind_FURY, @tranthidung and many others, you are all highly appreciated.

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[rachael9385]

It's a good plan to gather Bitcoin with DCAing strategy I have also learned from other discussion when it comes to DCAing strategy. Important part is DCAing strategy is you can invest any amount without being affected. As Bitcoin goes higher it's also good to pile up enough Bitcoin and wait for the perfect time to sell.
True, a drop of water might be able to make up an ocean because before you count to 100 you must start from 1. It is good for you to know that Bitcoin trading wasn't the quality way to get big profits, Bitcoin investment through DCAing strategy is the perfect way to get enough Bitcoin even if you don't gather full Bitcoin with the little you have gathered, it means you have tried you best. So congrats you know bitcoin investment is better than Bitcoin trading.

[KingsDen]

Before now, I have underrated the DCA method just because I thought it was only meant for bitcoin. It was when I read a documentary about DCA as the most effective and stressed free way of being wealthy. I have had little/no respect for DCA but it is the most peaceable way to invest in bitcoin.

DCA is not necessary only for low income earners. It is also used by the wealthy and other experienced traders or investors when the market is not so certain.

[Smartvirus]

I have come to understand and appreciate the saying that "little drops of water make a mighty ocean", the DCA method of buying Bitcoin brought me to that understanding. I have had this poor mindset of making huge profits from trading thereafter, invest part of it into Bitcoin holding as a hedge to my trading. This mindset have held me moving round the same cycle of profits and losses for over two years with no progress despite the pains and psychological torture that comes with losing streak in trading. Little did I know that buying little by little would have made me achieve even bigger results than I was targeting through trading.

One place where people get it wrong is that, DCA doesn’t necessarily mean buying with the least or little money you’ve got. It might encompass that but, it’s well above that. DCA is basically concerned with you having to buy routinely or periodically without giving much interest in the amount you’re buying. You just make sure it’s an averaged value to what income you’re getting and allowed to utilize for investments as well as running your daily expenses.
Sometimes you might invest with a very substantial amount and at other times, a low amount compared to what income you’re getting. In the end of the day, you bought Bitcoin periodically and you’re hodling it. That makes all the difference and your sure to be amazed of your accumulations in due time.

[Assface16678]

Before now, I have underrated the DCA method just because I thought it was only meant for bitcoin. It was when I read a documentary about DCA as the most effective and stressed free way of being wealthy. I have had little/no respect for DCA but it is the most peaceable way to invest in bitcoin.

DCA is not necessary only for low income earners. It is also used by the wealthy and other experienced traders or investors when the market is not so certain.

True, even big holders do DCA, if they see a good opportunity to buy bitcoin then they will buy bitcoin in that price through DCA or buying just a small fraction just to make sure that even if the price dip from where they buy then it still will not affect their portfolio because it's just a small portion, not every time you will need to buy bitcoin in such huge amount, its like don't put all your money or funds in one single buy, its better to spread it in order to maximize the potential profit and also to minimize the potential loss, but I don't think there is someone that will lose some in doing DCA or holding coins or bitcoin, maybe if you are a trader you are most likely to experience loss of funds, but for holders, the effect of dip is just losing or lowering the value of assets they have brought.

[headingnorth]

But you might want to adjust your DCA strategy during a fast moving bull market. By that I mean consider making your buys with greater frequency and/or larger amounts.  

Otherwise the price is blowing up so fast its hard to keep up with it. Every time I turn around bitcoin price shoots up another couple thousand dollars. Makes your head spin.

[dzungmobile]

DCA is a strategy for everyone to apply it it is not restricted to big, institutional investors but retail investors can apply it too.

Learn to DCA with two websites and estimating tools.
https://dcabtc.com/
https://costavg.com/

See results of DCA with two different investors, MicroStrategy and El Salvador.
https://saylortracker.com/
https://nayibtracker.com/

They have different budgets but ROIs are both good. You can have good ROI for your investment in Bitcoin if you apply DCA too.

MicroStrategy is winning big

[Pi-network314159]

All what you have said is true I was once in that same shoes when I usually want to trade and use my profit for buying bitcoin but all was a failure just like you said that it was on same circle. I invested in altcoin due to the pump I always see in it, and after everything I discovered that it was a waste of time. Even some months ago, after listening to several warning from the forum members and also @jayjuanGee about not investing on shit and altcoin I still doubted and went ahead and invested In shit/altcoin and I was disappointed. that also made me to hold Bitcoin dearly because without btc I haven't seen any other coin that will do better in times of growth consistency. Although many coin might be consistent but the consistency I mean Is continuously maintaining its position for a long time. Because thousands of coin has emerged and and fell of, but bitcoin still hold its position as the top. Long live bitcoin and blessing to investors that HODL for long.

[Kliss]

The importance of DCA in bitcoin investment cannot be emphasize, DCA has helped help and impacted in so many in their bitcoin journey. DCA is like a saving plan for bitcoin you invest regularly no Matter the amount for growth it's a smart strategy for both big holders and regular investors it helps to maximise profits and minimise losses. Regularly investing on amount that suits your budgets comfortably and doing it effectively and consistently, it's a peaceful way to invest in bitcoin for all income levels. One thing investors in bitcoin should know is that the DCA is more about consistency than the amount, it's more about routine investment and holding for long term your accumulation will grow over time. In a bear market consider adjusting your DCA strategy by buying more during dips for better gains.

[KingsDen]

Before now, I have underrated the DCA method just because I thought it was only meant for bitcoin. It was when I read a documentary about DCA as the most effective and stressed free way of being wealthy. I have had little/no respect for DCA but it is the most peaceable way to invest in bitcoin.

DCA is not necessary only for low income earners. It is also used by the wealthy and other experienced traders or investors when the market is not so certain.

True, even big holders do DCA, if they see a good opportunity to buy bitcoin then they will buy bitcoin in that price through DCA or buying just a small fraction just to make sure that even if the price dip from where they buy then it still will not affect their portfolio because it's just a small portion, not every time you will need to buy bitcoin in such huge amount, its like don't put all your money or funds in one single buy, its better to spread it in order to maximize the potential profit and also to minimize the potential loss, but I don't think there is someone that will lose some in doing DCA or holding coins or bitcoin, maybe if you are a trader you are most likely to experience loss of funds, but for holders, the effect of dip is just losing or lowering the value of assets they have brought.

That's the real definition of DCA. The aim is to average either your gain when on the green side or your losses when on the red side. Although it is widely used by salary earners to invest passively such that they won't be financially stressed because of investment. In order words, someone who does not have a steady flow of income, weekly or monthly might not be able to maintain DCA. They will abuse it. DCA is all about consistency, no matter how little your amount of investment is. That is DCA based on weekly or monthly earnings. This is different from the DCA of he that has enough but is trying to play safe due to the volatility of the market. In this case they can go in with variable amounts at different intervals.

[Frankolala]

DCA strategy is very good for newbies who just started their bitcoin journey with low income. If one can be persistent and consistent in accumulating bitcoin weekly or monthly for a very long time, before you will reizeit, you have stashed up a significant amount of bitcoin. However, it is the best during your accumulation stage, because it gives you no tension and easy going with your bitcoin investment.

DCA also gives an investor, the opportunity to also have time for other investments, because anyone that is used to saving money in the bank to achieve an important purpose in life. Such person will be successful in his bitcoin accumulation journey. Some people are waiting until they have huge amount of money before they want to invest in bitcoin, neglecting the DCA strategy, which enables you to buy bitcoin at different price level.

[Uhwuchukwu53]

DCA strategy is very good for newbies who just started their bitcoin journey with low income. If one can be persistent and consistent in accumulating bitcoin weekly or monthly for a very long time, before you will reizeit, you have stashed up a significant amount of bitcoin. However, it is the best during your accumulation stage, because it gives you no tension and easy going with your bitcoin investment.

DCA also gives an investor, the opportunity to also have time for other investments, because anyone that is used to saving money in the bank to achieve an important purpose in life. Such person will be successful in his bitcoin accumulation journey. Some people are waiting until they have huge amount of money before they want to invest in bitcoin, neglecting the DCA strategy, which enables you to buy bitcoin at different price level.

Yes that's just the truth mostly beginners DCA is the most preferable means to use and succeed  especially when the income is extremely low.

My ignorance about DCA hinder me allot I would have move far beyond my present level of operations on investment, but it's not too late all I need is constancy to achieve my dream on Bitcoin.

The only thing in DCA is consistency, it's extremely stress free , I advice beginners to consider DCA as choice.

[sunsilk]

Keep it up. People will never realize the power of DCA because they're thinking that it's just a small thing to do with smaller amounts. But they don't know that if they can't buy with a lump sum, this is the best strategy for you to keep on the market and stay by not having a miss of every opportunity that you may have.

Now, you have to be consistent doing that and if you've proven that to yourself, I'd say congratulations to you. You're just getting started and there's more things to come for you and to everyone who's DCAing. Because next time, the challenge is going to how you're going to start keep that. Some temptations may come to you and might push you to sell.

I urge you to have a decent long term plan and don't put your efforts into waste.

[alastantiger]

I have come to understand and appreciate the saying that "little drops of water make a mighty ocean", the DCA method of buying Bitcoin brought me to that understanding. I have had this poor mindset of making huge profits from trading thereafter, invest part of it into Bitcoin holding as a hedge to my trading. This mindset have held me moving round the same cycle of profits and losses for over two years with no progress despite the pains and psychological torture that comes with losing streak in trading. Little did I know that buying little by little would have made me achieve even bigger results than I was targeting through trading. It was when I started being active in this forum I noticed that there is something called Dollar Cost Averaging (DCA) that enable someone buy Bitcoin even with small amount of money on a regular basis. I embraced it and it has changed my life!

Moreno233 is 100% correct on this.

I am sure there are many people with similar thing to say about the DCA method because I have engaged in many discussions where a good number of forum users confirmed to be using the DCA method, so I expect they will also be proud of what they have achieved through it.

Now, for bitcoin enthusiast that have $0 today and want to start investing, it is better to DCA than save up a large sum and invest in one time, because the compound interest will serve you faster. A lot of people try timing the market, but what happens is they can never do that and lose money on the long run. Either way, even though large-sum is financially better, the tranquility you get by doing DCA even if you have a lot of money is worth more than the gains you can get just investing all at the same time.

[Natsuu]

I get your Bitcoin journey with Dollar Cost Averaging (DCA). Smart move! DCA is like the chill strategy like no stressing over market timing and just steady vibes and big props for not just riding high times but embracing the lows too because that's where the real Bitcoin bargains are, right?

[cryptoWODL]

Dollar Cost Averaging is a Recommended Strategy for Beginners Investing Your dollar cost will be the same if you invest using this recommended strategy. If someone wants to invest using Dollar Cost Averaging method then he can start his investment with any amount of money. This method is most convenient for those with less money who cannot purchase large amounts of bitcoins at once, many of whom continue to invest in this method. Dollar cost averaging allows people to accumulate bitcoins weekly or monthly according to their means and hold it for future use in an important task.

"Just as a tiny grain of sand can form a continent, so a drop of water can form an ocean." Similarly, if one continues to invest in DCA method year after year, his investment portfolio will gradually grow in size, maybe that investment portfolio will be as big as a continent or an ocean. By investing in the DCAing method, one can become a rich investor if he invests patiently for a few years.

[kryptqnick]

It's wonderful that the op managed to escape an unfortunate routine of trading which wasn't doing anything good, and that trying DCA has really worked out well. I tried trading a while ago and quickly realized that it wasn't my thing and that I wasn't motivated to learn more and take more risks. 2 years is a long time, so it must have been harder to finally let go, but letting go was a good decision. DCA is nice and simple, it makes sense, and it takes away the stress of trying to analyse the market. Sometimes it's better, sometimes it's worth, but it's decent overall.

[snowpega]

Dear, yes surely DCA (Doller-cost-average) is the best Technique for the accumulation of Bitcoin where we can get a good amount of profit with our average buying at the end of the day. Indeed a lot of forum member have shared their strategies for doing DCA to get good profit at the end of the day. You also have aforementioned some of them. To be very honest, I also learned a lot from these members you mentioned above. When I started my journey of investing in Bitcoin these members helped me the best way of investing.

i also had created a thread a time ago over this Hot discussion a time ago where many of the senior/experienced member has shared their best knowledge with me and it really help me a lot. You can also have a look here ....>>>"Lump sum Vs DCA" for Bitcoin Accumulation You also may see some good opinion and dicusiion in this thread. Must share your opinion here if you find some good comments. Many Thanks!

[kentrolla]

I have been doing DCA for a while now and trust me I never thought it would be so profitable and at the same time stress free now I only regret that why didn't I start this earlier and I'll always suggest any one who wants to earn decent profit without having to monitor the market round the clock to go for DCA. I think this should be basic which everyone should be doing assuming it's a insurance premium which we are paying for a much better future.

[WatChe]

It's wonderful that the op managed to escape an unfortunate routine of trading which wasn't doing anything good, and that trying DCA has really worked out well. I tried trading a while ago and quickly realized that it wasn't my thing and that I wasn't motivated to learn more and take more risks. 2 years is a long time, so it must have been harder to finally let go, but letting go was a good decision. DCA is nice and simple, it makes sense, and it takes away the stress of trying to analyse the market. Sometimes it's better, sometimes it's worth, but it's decent overall.

It's very much true that majority of short term traders fail in crypto and success is when you invest for longer duration. With DCA, you need patience and trust in Bitcoin that it will rise with time. There are many tools available online that tells you what DCA has given to investors previously. DCA is best for people who don't have huge money to invest at one time rather they have small money at there disposal which they can bring to Bitcoin every week or month.