I AM DCA-ING

[beerlover]

I have my own very way that I navigate the Bitcoin market, I'm a trader and also and investor, I have discovered the method that best suits my personality when it comes to Bitcoin trading and investment, I have Bitcoin that I don't fucking touch, no matter what the market is doing bull/bear market, whereas I have another portion of Bitcoin I have devoted to play with, meaning using this part of my Bitcoin to catch up the volatility of the Bitcoin price and make some box out of it, so far I have my investment portfolio intact, I'm not being bothered and until I have reached my investment goal.

This way I will not fall for any distraction I will be faced with concerning my investment portfolio.

That is exactly the same, a lot of us just buy and get as much bitcoin as we can, while we do touch just a bit of it, the rest is untouchable, doesn't matter what the price is, we end up not touching it at all. I believe that we are going to end up with nothing substantial by just trading alone, so we invest long term with most of our money. I am not saying that we shouldn't really do that, we do have chances to get better, we just need to get better at this, and because of that things could change a bit.

I believe that we are going to end up with some issues that wouldn't be the same and because of that things will of course be different. I believe if we keep this up, then we can hold more and get a lot of profit from holding.

[buwaytress]

BTC below $55k is a good opportunity to DCA. If anyone is expecting BTC to below $30k now or in the future then they are day dreaming. Institution got in massively in the range of $45k to $47k if I am not wrong.

Agree, but I'd be agreeing at each and every single price you'll put up

The DCA benefit, role, purpose, reason for existing, if to take price consideration out of the question. Buy at $10k or at $73, keep your buys to the DCA method of period-based (every X week, month, day) or cost-based schedule (every $100 set aside) and you will average out the cost to an amount that will make a lot of financial sense at each incoming ATH.

[justdimin]

BTC below $55k is a good opportunity to DCA. If anyone is expecting BTC to below $30k now or in the future then they are day dreaming. Institution got in massively in the range of $45k to $47k if I am not wrong.

Agree, but I'd be agreeing at each and every single price you'll put up

The DCA benefit, role, purpose, reason for existing, if to take price consideration out of the question. Buy at $10k or at $73, keep your buys to the DCA method of period-based (every X week, month, day) or cost-based schedule (every $100 set aside) and you will average out the cost to an amount that will make a lot of financial sense at each incoming ATH.

I do agree that putting some money into it each month is a great method and I think that will be the way to get rich as well. If you keep doing that for five years to ten years, the end result will be insanely profitable. Not only you would have a good principle that you put in, but you will also have an insane increase thanks to bitcoin going up as well, it should be something that could benefit a lot and we should consider that as a way of retirement plan as well.

Not a lot of people do that unfortunately, a lot of people think that crypto is something to get rich quick, they do not see it as a retirement plan to do for 10+ years, but if they could see it that way I think it would be a great way to make some great money as well, it would actually allow people to do something nice with their money.

[Jewan420]

BTC below $55k is a good opportunity to DCA. If anyone is expecting BTC to below $30k now or in the future then they are day dreaming. Institution got in massively in the range of $45k to $47k if I am not wrong.

Agree, but I'd be agreeing at each and every single price you'll put up

The DCA benefit, role, purpose, reason for existing, if to take price consideration out of the question. Buy at $10k or at $73, keep your buys to the DCA method of period-based (every X week, month, day) or cost-based schedule (every $100 set aside) and you will average out the cost to an amount that will make a lot of financial sense at each incoming ATH.

I liken investing in the DCA approach to pensions. Because a pension is a part of his salary saved by the organization while working, which is paid to an employee after retirement as a pension. The pension system is very long-term, lasting up to about 25-30 years.

We can invest Bitcoin in DCA method like a pension, which can be part of retirement plan. I think if someone builds a savings fund from the start of his working life by investing in bitcoins on his own initiative, he doesn't have to worry about leisure time. I would not call such saving as investment, I would call it starting a self-pension system. If a person saves $100 per month, his working life will be extended by at least 30 years. Therefore, if you start saving from the beginning of your working life, you can save $100 × 12 × 30 = $36,000. Considering the Bitcoin price growth after 30 years, I think the DCA method will yield about 2x profit even after calculating the cost. That means $36,000 in savings and $36,000 in profit is what we can expect from Bitcoin. Even after holding for such a long period of time can get more than 2x profit.

[dezoel]

I have my own very way that I navigate the Bitcoin market, I'm a trader and also and investor, I have discovered the method that best suits my personality when it comes to Bitcoin trading and investment, I have Bitcoin that I don't fucking touch, no matter what the market is doing bull/bear market, whereas I have another portion of Bitcoin I have devoted to play with, meaning using this part of my Bitcoin to catch up the volatility of the Bitcoin price and make some box out of it, so far I have my investment portfolio intact, I'm not being bothered and until I have reached my investment goal.

This way I will not fall for any distraction I will be faced with concerning my investment portfolio.

That is exactly the same, a lot of us just buy and get as much bitcoin as we can, while we do touch just a bit of it, the rest is untouchable, doesn't matter what the price is, we end up not touching it at all. I believe that we are going to end up with nothing substantial by just trading alone, so we invest long term with most of our money. I am not saying that we shouldn't really do that, we do have chances to get better, we just need to get better at this, and because of that things could change a bit.

I believe that we are going to end up with some issues that wouldn't be the same and because of that things will of course be different. I believe if we keep this up, then we can hold more and get a lot of profit from holding.

Getting to a point where you can hold most of your coins was a tough path but a lot of people who reach there never wants to go back. Having some bitcoin that you can trust yourself to do as well as you can is a great feeling and I think it will be something that I will try to cherish forever.

I will hold it until I retire, I will get more and more, and I hope that I will never have to sell it, because it doesn't feel like a smart idea to sell it, so I try to hold it as much as I possibly could, which makes it a lot better and could be something that benefits me as well. I know that it takes a while, but we can reach to a point where it is going to be a decent situation, we should consider that as a good thing because we are capable of making profit from holding it. Many people end up trying to find ways to make money from all kinds of complicated things, but the reality is that we are not really seeing anything that crazy at all, it is very normal if you ask me, it is not complicated at all.

[buwaytress]

Agree, but I'd be agreeing at each and every single price you'll put up

The DCA benefit, role, purpose, reason for existing, if to take price consideration out of the question. Buy at $10k or at $73, keep your buys to the DCA method of period-based (every X week, month, day) or cost-based schedule (every $100 set aside) and you will average out the cost to an amount that will make a lot of financial sense at each incoming ATH.

I liken investing in the DCA approach to pensions. Because a pension is a part of his salary saved by the organization while working, which is paid to an employee after retirement as a pension. The pension system is very long-term, lasting up to about 25-30 years.

We can invest Bitcoin in DCA method like a pension, which can be part of retirement plan. I think if someone builds a savings fund from the start of his working life by investing in bitcoins on his own initiative, he doesn't have to worry about leisure time. I would not call such saving as investment, I would call it starting a self-pension system. If a person saves $100 per month, his working life will be extended by at least 30 years. Therefore, if you start saving from the beginning of your working life, you can save $100 × 12 × 30 = $36,000. Considering the Bitcoin price growth after 30 years, I think the DCA method will yield about 2x profit even after calculating the cost. That means $36,000 in savings and $36,000 in profit is what we can expect from Bitcoin. Even after holding for such a long period of time can get more than 2x profit.

I won't disagree, as that's exactly how I've approach my personal DCA. Perhaps not as a pension, but a long-term savings plan. Personal situations in my life each cycle has rather modified the plan into more of an "emergency fund" that retains and grows value a lot more than any other savings, though. I've had to liquidate twice already, so am in my third round of DCA-enabled fund growth.

Still, if no more big emergencies hit me, then I do, effectively, have a pension plan. Not a great one. Not a sufficient one unless BTC surprises us all with some fantastic ATH of the million-dollar kind. But absolutely better than any alternative I have access to.

[aylabadia05]

<snip>

I won't disagree, as that's exactly how I've approach my personal DCA. Perhaps not as a pension, but a long-term savings plan. Personal situations in my life each cycle has rather modified the plan into more of an "emergency fund" that retains and grows value a lot more than any other savings, though. I've had to liquidate twice already, so am in my third round of DCA-enabled fund growth.

Still, if no more big emergencies hit me, then I do, effectively, have a pension plan. Not a great one. Not a sufficient one unless BTC surprises us all with some fantastic ATH of the million-dollar kind. But absolutely better than any alternative I have access to.

I don't think you're the only one who has used bitcoin as a store of value asset or long-term investment. Over time the price will grow and give us a return, while we can sell some parts when the price is really profitable. I also keep bitcoins instead of keeping fiat in a bank account, for me this is the best option because of its potential value growth.

Bitcoin is not yet an asset for my retirement fund, so so far it is still only a long-term investment. I can take advantage whenever I want, of course as long as the price is still above my purchase price. It's very simple, while I try to accumulate as much as I can, especially if I have money.

[South Park]

I won't disagree, as that's exactly how I've approach my personal DCA. Perhaps not as a pension, but a long-term savings plan. Personal situations in my life each cycle has rather modified the plan into more of an "emergency fund" that retains and grows value a lot more than any other savings, though. I've had to liquidate twice already, so am in my third round of DCA-enabled fund growth.

Still, if no more big emergencies hit me, then I do, effectively, have a pension plan. Not a great one. Not a sufficient one unless BTC surprises us all with some fantastic ATH of the million-dollar kind. But absolutely better than any alternative I have access to.

I don't think you're the only one who has used bitcoin as a store of value asset or long-term investment. Over time the price will grow and give us a return, while we can sell some parts when the price is really profitable. I also keep bitcoins instead of keeping fiat in a bank account, for me this is the best option because of its potential value growth.

Bitcoin is not yet an asset for my retirement fund, so so far it is still only a long-term investment. I can take advantage whenever I want, of course as long as the price is still above my purchase price. It's very simple, while I try to accumulate as much as I can, especially if I have money.

Many of us are into bitcoin precisely for this reason, saving in fiat makes no sense as if I kept my savings for 20 years, it is a sure thing I will not be able to buy much with it at the time, but if instead I keep that money in bitcoin it is very likely that at least bitcoin will keep up with inflation, and if it outpaces inflation, as it has done during the previous years, then I will be able to buy more stuff in the future with my bitcoin, which makes it a very effective saving tool compared to fiat.