You will lose more if you DCA without knowledge

[Coyster]

DCA can still be the worst for a newbies,  so I say newbies should stay away from DCA until they have the knowledge of the risk and approach to DCA.

I don't know how you have come up with this, but it is flat-out wrong, DCA is the best strategy for newbies and it helps to minimize the risk of trying to game the movement of market and also the risk of price volatility. There is no "special" knowledge needed to use DCA strategy and i cannot see any major risks for people who use it, i always advise newbies to use DCA strategy to purchase Bitcoin, instead of making lump sum purchases.

[pawel7777]

What I have noticed with my bitcoin holding is that, I have continued to lose more, each time i try to take advantage of the price to profits, in form of DCA approach.

This outcome lead me to make further research about the best way to build profits using DCA and I find out that, is a wrong thing to do as a newbies without adequate knowledge about the volatility of the bitcoin market, and also no matter how sweet the DCA approach have been for experience bitcoin investors, DCA can still be the worst for a newbies,  so I say newbies should stay away from DCA until they have the knowledge of the risk and approach to DCA.

Thank you for reading.

Sorry but this doesn't make much sense. We recently achieved new ATH and are not very far below it, so it's pretty much impossible to be at a loss with DCA strategy, unless you're talking about some super-short term from the recent ATH till now, in which case, you'd still be few % down at worst.

Care to elaborate more on how you managed to end up at a loss? I suspect you were not using a classic DCA approach.

[Saint-loup]

What I have noticed with my bitcoin holding is that, I have continued to lose more, each time i try to take advantage of the price to profits, in form of DCA approach.

This outcome lead me to make further research about the best way to build profits using DCA and I find out that, is a wrong thing to do as a newbies without adequate knowledge about the volatility of the bitcoin market, and also no matter how sweet the DCA approach have been for experience bitcoin investors, DCA can still be the worst for a newbies,  so I say newbies should stay away from DCA until they have the knowledge of the risk and approach to DCA.

Thank you for reading.

I agree with you, I don't think it's a good idea to start DCA when Bitcoin is already at its ATH, because it's highly volatile asset and after a +60% in 3 months like it made it can do -50% in the coming weeks. The price has already started to decrease by the way, and since many traders/investors haven't taken their profits yet, it's not surprising. They certainly don't want to be the last one to sell, at the bottom, so many of them don't wait the halving to have happened before selling IMO.

[freedomgo]

What I have noticed with my bitcoin holding is that, I have continued to lose more, each time i try to take advantage of the price to profits, in form of DCA approach.

This outcome lead me to make further research about the best way to build profits using DCA and I find out that, is a wrong thing to do as a newbies without adequate knowledge about the volatility of the bitcoin market, and also no matter how sweet the DCA approach have been for experience bitcoin investors, DCA can still be the worst for a newbies,  so I say newbies should stay away from DCA until they have the knowledge of the risk and approach to DCA.

Thank you for reading.

I am a little lost.
Isn't DCA a strategy to conveniently build up your Bitcoin assets at specific times that you have set for yourself? And that it doesn't matter whether the we are in a bull or bear market when you do it ?  In my estimation it isn't about building profits like you have written but about setting a personal Bitcoin holding target and reaching it. People have DCA-ed they way into the 1 Bitcoin club.

DCA has always been an effective strategy in bitcoin investment accumulation. The only way it gets wrong is if you keep DCA when you are not completely ready to hold your investments like 5-10 years. So you are only using up all your funds through DCA yet you are not aware of its full usage and advantage. With that, it’s obvious your investment won’t still work in the long run. You might end up selling them shortly right after when you see the price has increased a little. And worst is if you end up selling them at a loss.

[Maslate]

DCA can still be the worst for a newbies,  so I say newbies should stay away from DCA until they have the knowledge of the risk and approach to DCA.

I don't know how you have come up with this, but it is flat-out wrong, DCA is the best strategy for newbies and it helps to minimize the risk of trying to game the movement of market and also the risk of price volatility. There is no "special" knowledge needed to use DCA strategy and i cannot see any major risks for people who use it, i always advise newbies to use DCA strategy to purchase Bitcoin, instead of making lump sum purchases.

There’s no chances to make wrong move with DCA. In fact, if you want to feel that you’re not like spending like one time big time, DCA is the key. It will help you manage your finances so you won’t get to spend more than you can afford to lose, and it will certainly lessen your risk of losing since you are only buying whenever you have spare money regardless of the price of bitcoin.

[odunybiz]

What I have noticed with my bitcoin holding is that, I have continued to lose more, each time i try to take advantage of the price to profits, in form of DCA approach.

This outcome lead me to make further research about the best way to build profits using DCA and I find out that, is a wrong thing to do as a newbies without adequate knowledge about the volatility of the bitcoin market, and also no matter how sweet the DCA approach have been for experience bitcoin investors, DCA can still be the worst for a newbies,  so I say newbies should stay away from DCA until they have the knowledge of the risk and approach to DCA.

Thank you for reading.

I agree with you, I don't think it's a good idea to start DCA when Bitcoin is already at its ATH, because it's highly volatile asset and after a +60% in 3 months like it made it can do -50% in the coming weeks

Bitcoin will always the best to invest in at any time. Although it may has reach its ATH recently but I still believe good profit can still be made with time investing in it. We all know that bull run is at the corner, so even buying now using DCA for a while can still make you good profit. It's only altcoin that I can't really advice people to invest much on.

[stadus]

What I have noticed with my bitcoin holding is that, I have continued to lose more, each time i try to take advantage of the price to profits, in form of DCA approach.

This outcome lead me to make further research about the best way to build profits using DCA and I find out that, is a wrong thing to do as a newbies without adequate knowledge about the volatility of the bitcoin market, and also no matter how sweet the DCA approach have been for experience bitcoin investors, DCA can still be the worst for a newbies,  so I say newbies should stay away from DCA until they have the knowledge of the risk and approach to DCA.

Thank you for reading.

I agree with you, I don't think it's a good idea to start DCA when Bitcoin is already at its ATH, because it's highly volatile asset and after a +60% in 3 months like it made it can do -50% in the coming weeks

I still believe for one investor to follow DCA method, he should study first its advantages and some disadvantages so that he can weigh things more if that’s the best time to DCA or not. You cannot deal with DCA successfully if you know nothing about it. One should also be knowledgeable about it prior from doing it.

It’s also another story if you start DCA while bitcoin price is heading to its new ATH. That’s quite risky to take. Hence, start buying bitcoin when the price is bearish and continue it with DCA so that you can maximize your profits once you decide to sell at a bullish market.

[laijsica]

I think you are not correct because it doesn't take any experience to deposit BTC in DCA. Here you can deposit any amount of money on a proper plan and weekly or monthly basis. But you have to have a real long-term DCA strategies income situation that will keep you stable even in times of crisis. Long-term I mean 5-10 years of running time is essential.

[SOKO-DEKE]

What I have noticed with my bitcoin holding is that, I have continued to lose more, each time i try to take advantage of the price to profits, in form of DCA approach.

I don't know when you started using DCA methods; maybe it has not been a long time; maybe you have just purchased Bitcoin like three to four times when the price is always high; that is why whenever the price drops drastically, you are always  find yourself at lost. But if you have been buying Bitcoin on a weekly or monthly basis for a long time now, I don't think you will be at lost.Trying the DCA method doesn't just mean being at  profits at the time, but the truth about it is that when people who buy Bitcoin at once lose 5% of the capital you buying at a different price, maybe you will just lose like 3% of your capital.

This outcome lead me to make further research about the best way to build profits using DCA and I find out that, is a wrong thing to do as a newbies without adequate knowledge about the volatility of the bitcoin market, and also no matter how sweet the DCA approach have been for experience bitcoin investors, DCA can still be the worst for a newbies,  so I say newbies should stay away from DCA until they have the knowledge of the risk and approach to DCA.

Using the DCA method is not hard; it is easy to do. Just buy on a weekly or monthly basis, so I don't think you need deep knowledge of doing this. The only thing that newbies need to know about this is the types of wallets that are supposed to storing their bitcoin to avoid getting scammed easily, and the advisable wallets are non-custodial wallets. Using the DCA method did not require further research. Knowledge is very important in the cryptocurrency industry if someone truly wants to be successful, but I don't think much is attached to using the DCA method. It very simple to deal with.

[DaNNy001]

DCA can still be the worst for a newbies,  so I say newbies should stay away from DCA until they have the knowledge of the risk and approach to DCA.

I don't know how you have come up with this, but it is flat-out wrong, DCA is the best strategy for newbies and it helps to minimize the risk of trying to game the movement of market and also the risk of price volatility. There is no "special" knowledge needed to use DCA strategy and i cannot see any major risks for people who use it, i always advise newbies to use DCA strategy to purchase Bitcoin, instead of making lump sum purchases.

Well you could say maybe the Op is actually trying to relate to other thing or maybe he is actually confuse on what he means by saying that DCA can be worse for newbie because I see no sense in what he is trying to portray because even if a newbie fails to follow up with the DCA strategy, there is only the fact and point that his investment wont be achieved because he might maybe temper with the holdings and anybody that can temper with their holdings can still do same with every other method and that includes the lum sum too so basically the DCA is still the most preferred for any newbie to go about with any investment in Bitcoin.

[Abu-Naim]

What I have noticed with my bitcoin holding is that, I have continued to lose more, each time i try to take advantage of the price to profits, in form of DCA approach.

This outcome lead me to make further research about the best way to build profits using DCA and I find out that, is a wrong thing to do as a newbies without adequate knowledge about the volatility of the bitcoin market, and also no matter how sweet the DCA approach have been for experience bitcoin investors, DCA can still be the worst for a newbies,  so I say newbies should stay away from DCA until they have the knowledge of the risk and approach to DCA.

Thank you for reading.

Are you against DCA method that everyone is happy with with as it is the suitable method for young investors to accumulate their Bitcoin and other coins.

DCA method is suitable for long term investors and not for short term investors because it gives long term investors chance of buying Bitcoin at very low and affordable and after all, if they want to sell, they will  get more profit than investing using DCA for short term investment.

[KingsDen]

What I have noticed with my bitcoin holding is that, I have continued to lose more, each time i try to take advantage of the price to profits, in form of DCA approach.

This outcome lead me to make further research about the best way to build profits using DCA and I find out that, is a wrong thing to do as a newbies without adequate knowledge about the volatility of the bitcoin market, and also no matter how sweet the DCA approach have been for experience bitcoin investors, DCA can still be the worst for a newbies,  so I say newbies should stay away from DCA until they have the knowledge of the risk and approach to DCA.

Thank you for reading.

This is a very dump thread. I didn't expect to read this type of thread today. I mean if DCA is as difficult as you portray it, to the extent of advising newbies to stay away from it. Which is the safe means of investment to be followed?

All DCA needs is consistency and patience. You do not need to study the market price, read candle or do technical analysis. Just be steady with what you can afford to invest and smile on the long run. I don't believe there are alot of things to know about DCA. Unless you started at the apex of bull run and want to withdraw at the climax of bear market.

[Adbitco]

Are you by anyway trying to twist my brain or something else?
Because i still don't understand what you mean by newbies staying away from DCA does it mean that those who has been doing DCA all these while have been losing money or what, meanwhile we all know it to be the safest and easiest way to accumulate bitcoin when the market seems so hash on investors and to those who has missed their train to hold more bitcoin. Please DCA still remains the best for everyone, it just depends on the individuals who is doing DCA, but before you must need to make personal savings where you don't need to touch your bitcoin along your DCA process otherwise you could be tempted to start reducing your DCA level.

[hatshepsut93]

DCA is not an investment strategy, it's a buying strategy. It says nothing about taking profits, so if you lose while investing with DCA, you most likely do some bad moves like panic selling, or selling in bear market.

DCA is not an efficient strategy though, it is being recommended for its psychological effects of doing small steps, which is easier for many people than investing big in one go and then worrying every time the price moves.

[hd49728]

DCA is not an investment strategy, it's a buying strategy. It says nothing about taking profits, so if you lose while investing with DCA, you most likely do some bad moves like panic selling, or selling in bear market.

DCA is not an efficient strategy though, it is being recommended for its psychological effects of doing small steps, which is easier for many people than investing big in one go and then worrying every time the price moves.

DCA is a good method for buying, holding to get profit but to get profit, it requires more than DCA.

Because it relates to capital management, financial life management of a person. Start with what is source of money used for the investment and what is financial reserve for life, for emergency and more. If a person has bad managements like borrow money to invest, invest all money in bitcoin, panic sell will come or forced sell will come when needs of money occurs.

With bad start like this, it will be very challenging to control emotion, psychology and actions.

[Learn Bitcoin]

This outcome lead me to make further research about the best way to build profits using DCA and I find out that, is a wrong thing to do as a newbies without adequate knowledge about the volatility of the bitcoin market, and also no matter how sweet the DCA approach have been for experience bitcoin investors, DCA can still be the worst for a newbies,  so I say newbies should stay away from DCA until they have the knowledge of the risk and approach to DCA

Actually, it depends. I want to ask what you understand about DCA. The dollar cost average method asks you to invest a portion ever week without looking at the price and you should continue for a long time to have a good average buying price. But if you do it for let's say only ten weeks and expect a good result out of it, you didn't get it, buddy.

I consider my signature payments as DCA and it has paid out well. My average accumulating price was around 27K, which went up to 41K due to the recent spike. Yet I am in a good profit because I was doing it for a year. Now, if you start buying only since the last two months, you won't get the profit bro! You should learn more about it.

[AVE5]

Let me tell you on a short note OP, DCA accumulating process is the best for Investors and I don't think if there's is an advanced knowledge needed for it. You only need to figure the current value of bitcoin and purchase when it seems lower than you formally withnessed or as your conscience may lead you via market suggestions or predictions.
You can as much purchase your bitcoin on a gradual process base on the volatility markets system at most when the value is depreciated but when you ignore to understand this market volatility then I'd say you haven't been on the right track of the DCA approach. Therein you actually need to understand rhe market volatile grades so you don't fall to buy more to your holding when the market is up high rather than when it's low in value.

Sometimes you newbies are the causes of your emotional regrets because you don't feel comfortable buying then the market is not cheering profits profits profits without knowing it's the most right time to buy, instead you bumps into the market when you hear others of making huge profits in the market in a main time and only then you're attracted to buy. Although it's not a bad time as well but be assured that bitcoin is most beneficial to the long time holders so whatever value of bitcoin in have accumulated, you're potential to make lucrative profits in as long you can hold for a long period of time.

[CryptopreneurBrainboss]

This outcome lead me to make further research about the best way to build profits using DCA and I find out that, is a wrong thing to do as a newbies without adequate knowledge about the volatility of the bitcoin market, and also no matter how sweet the DCA approach have been for experience bitcoin investors, DCA can still be the worst for a newbies,  so I say newbies should stay away from DCA until they have the knowledge of the risk and approach to DCA.

You don't need whatever knowledge that you're taking about to DCA, what you need is a steady income so you don't lose track of what you're doing. There's no way DCA is going to be the worst mistake a newbie will make. DCA is perfect for both newbies and experienced investors. You'll lose when you don't hodl your stand to keep DCAing but you decide to take profits when your Bitcoin investments is still prematured. Volatility of the market shouldn't affect your DCA strategy but you should increase your investment capital when the market is down, it's during this peridot that you should be investing more knowing that you'll be getting a discount price for your purchases.

It's called dollar cost averaging because you're averaging the price of the product that you're buying. You can't lose but always be in profit if you're DCA for a long duration and that should be the timeframe of your investment in Bitcoin and any other assets that you're buying. If you're thinking about the investment period being a short time then just buy the asset's at ones to avoid yourself all the stress of monitoring the market.

[Distinctin]

DCA can still be the worst for a newbies,  so I say newbies should stay away from DCA until they have the knowledge of the risk and approach to DCA.

I don't know how you have come up with this, but it is flat-out wrong, DCA is the best strategy for newbies and it helps to minimize the risk of trying to game the movement of market and also the risk of price volatility. There is no "special" knowledge needed to use DCA strategy and i cannot see any major risks for people who use it, i always advise newbies to use DCA strategy to purchase Bitcoin, instead of making lump sum purchases.

As far as I know, getting attached to DCA is the most effective way to accumulate bitcoin without taking so much risk. You are constantly buying at a minimal price regardless of the price of bitcoin, which enables you to store maximum amount of bitcoin by not spending your lump sum money but by consistently using your spare money to invest. With that, I have not seen any disadvantages with that even from a newbies point of view. But still, at least you should know the essence of DCA as well before you decide to practice it.

[Cryptomultiplier]

DCA can still be the worst for a newbies,  so I say newbies should stay away from DCA until they have the knowledge of the risk and approach to DCA.

I don't know how you have come up with this, but it is flat-out wrong, DCA is the best strategy for newbies and it helps to minimize the risk of trying to game the movement of market and also the risk of price volatility. There is no "special" knowledge needed to use DCA strategy and i cannot see any major risks for people who use it, i always advise newbies to use DCA strategy to purchase Bitcoin, instead of making lump sum purchases.

As far as I know, getting attached to DCA is the most effective way to accumulate bitcoin without taking so much risk. You are constantly buying at a minimal price regardless of the price of bitcoin, which enables you to store maximum amount of bitcoin by not spending your lump sum money but by consistently using your spare money to invest. With that, I have not seen any disadvantages with that even from a newbies point of view. But still, at least you should know the essence of DCA as well before you decide to practice it.

It is unless as a newbie, you still don't know the best wallet to use and the best practices to keep your coins and key phrases safe, then that's when the DCA strategy is a no-no for you as a newbie.
Otherwise, despite the market situations, be it a dip or a pump in price or the trends that may be occasioned by whale movements and launch of new initiatives, the DCA strategy is still the most viable and profitable crypto investment strategy, mostly when ones income stream is on a steady basis and there's a good budget adherence discipline.