DCA NA THE BEST STRATEGY FOR NEWBIE IN ACCUMULATING BITCOIN

[Proty]

DCA Na the best strategy for newbie to be able to accumulate enough bitcoin. As newbie wey never get idea about bitcoin, this method is less stressful compare to other method. In this method you no need to time the market before you  buy, all you need Na to ready your money ,make plans how you want take dey invest your money, weda Na weekly or monthly basis. Depending on how your income take they come. You go also plan how long u want hold the bitcoin bcos this method no be watin u want do for months, Na year matter be this, like 5_yrs or more depending on ur plan.
 DCA no be for people wey want make quick gain , so if u no fit get patience this method is not for you. why I said this method is best for newbie, be say as a newbie wey never get much idea about bitcoin to go do lump sum fear go dey your body  as newbie but with DCA you will be buying the bitcoin small, small until u done get enough for ur portfolio. this strategy go give u enough confidence, you can buy bitcoin at any time, even the price is up or down. so as a newbie u don't have to wait for the price of bitcoin to go down (DIP) before u start your bitcoin investment, DCA is there for u. lastly, in order for not to trade ur bitcoin at the early stage of your investment, you need to dey set aside some money( emergency fund) bcos nobody fit predict the future, you fit get some problem wey go want pressure u to trade your bitcoin when the time never reach for you to trade. this money will help u not to trade your bitcoin before the expected time.

[CryptopreneurBrainboss]

DCA no be only for newbies but na for everybody, DCA good make we all dey do am and not to buy Bitcoin at a go. No be say that strategy no make sense but DCA make sense pass am because of some of the advantages of DCA. DCA go protect you from so many things like market volatility and you done talk them so I no need to repeat things again.

lastly, in order for not to trade ur bitcoin at the early stage of your investment, you need to dey set aside some money( emergency fund) bcos nobody fit predict the future, you fit get some problem wey go want pressure u to trade your bitcoin when the time never reach for you to trade. this money will help u not to trade your bitcoin before the expected time.

Invest only wetin you fit afford to lose and money wey you no go need for long time because things they happen wey go make you need money urgently.

Them say as you dey hustle, try dey keep money for problem because problem no they finish so if you wan invest, also keep money for problem or you go use your investments solve your problem. The problem no be to invest but you go fit hodl. I dey see people accumulate Bitcoin finish but problem go come carry all because them no plan for problem (raining days).

[Tmoonz]

DCA no be only for newbies but na for everybody, DCA good make we all dey do am and not to buy Bitcoin at a go. No be say that strategy no make sense but DCA make sense pass am because of some of the advantages of DCA. DCA go protect you from so many things like market volatility and you done talk them so I no need to repeat things again.

Na true you talk the DCA strategy no be for only newbies  one of the reasons why it is the best strategy for newbies be say, it allows newbies to start having Bitcoin even without attempting to have too much knowledge, the DCA strategy helps the newbies to start gaining the experience while already in the market and with the hope of learning and understanding others things along the line in their way up, the DCA strategy gives that peace of mind one needed to grow our asset by buying Bitcoin without thinking about the market price points and it also allows us to invest with an amount that we can be very much comfortable with. But however, consistency and planing to hold for long is the key note since plenty drops of water can make an ocean and that is how the effects of the DCA strategy works, the benefits of the DCA strategy are too numerous but just few to mention.

[Ishicryptic]

Anybody that is into Bitcoin investment and doesn't know about DCA method is no different from a newbie, as far as you are accumulating Bitcoin for the long term DCA remains the best method. The price of 1 BTC can be very discouraging for newbies who wants to start the investment because they might wonder how they can be able to afford to buy it but with the proper knowledge about Bitcoin they will understand that they can start to buy in satoshi. Bitcoin is a volatile asset and it's price can pump and dump so it is best to hodl on a long term and with DCA method you don't have to worry about dips and price corrections on the short term.

If your goal of accumulating on the long term is to be achieved then you have to do DCA method by buying periodically whether it is weekly or monthly to achieve the aim of multiplied profits in the future. It is also very important to put aside emergency funds so that you will not have the need to tamper with your investment fund when emergency expenses arises. Lastly Bitcoin investment is for people who have something doing that gives them money so it is not for the employed or people who can not put money aside from their income.

[liasbaa]

The DCA method of depositing bitcoins in any price scenario is highly effective and applicable to investors of all incomes. I would call this method the best and can be an effective method for Bitcoin growth if the investor is able to execute it regularly and long-term. Long term is a regular accumulation strategy of 4-10 years that you should keep a reliable alternative to floating cash to succeed in the field.

Another important advantage of the DCA strategy is that it keeps building large holdings in your portfolio in line with your family's day-to-day needs without causing investment stress or volatility. You can only go so far in investing when you feel no pressure.

[SatoPrincess]

No be lie you talk OP whether you be newbie or old investor DCA na the best way to gather bitcoins. I feel say many people no dey exposed to DCA strategy if not them for no suffer their self dey reason bullish or bearish season which one go better pass to buy. DCA be like easybuy without interest, you go dey buy wetin you want jeje according to your pocket make e for no choke you.

[DaNNy001]

No be lie you talk OP whether you be newbie or old investor DCA na the best way to gather bitcoins. I feel say many people no dey exposed to DCA strategy if not them for no suffer their self dey reason bullish or bearish season which one go better pass to buy. DCA be like easybuy without interest, you go dey buy wetin you want jeje according to your pocket make e for no choke you.

Aside knowing about DCA strategy in Bitcoin investment, I believe lots of person don already dey use the method for different field of savings because saving up small small cash from your actual income is something that any person who want to achieve a goal with that saving would do but just that it's quite lucrative and different with Bitcoin because with Bitcoin the money you save tend to gain value over time as the value of Bitcoin asset increase in the market.

[Odusko]

DCA sweet but Bitcoin sweet pass, no mind me, na joke I dey so, but the truth is that DCA is most appropriate for all and not limited to newbies alon but as you take call newbies so e still follow for the matter because newbies need a lot of orientation to protect themselves from possible mistakes.

Buying Bitcoin but by bit with small small cash flow make sense pass make person just jump inside by buying large Bitcoin were him no go for hold for long, so for that when we say we wan DCA e mean say na money that is not needed that can be used to by during DCA process, so that pressure no go the dey on our initial capital on the long run.

So yes DCA is welcome to all and by all, both OGs and newbies, because Bitcoin sweet pass the pain of the process of accumulations of Bitcoin.

[Odohu]

Omo lie no dey this one at all. I don see wrtin person fit use the DCA method achieve even if say the person never blow, him fit dey collect the coin small small with shikini money.  Sometimes I dey imagine say person been dey use this method dey buy $10 worth of BTC weekly from when person been dey school when awoof money been dey, by now person for no bother dey find work because money go dey to take start big business.

I go encourage us make we try dey buy Bitcoin dey keep using the DCA method. From that beer money you fit save small take buy Bitcoin and I tell you say that money fit save you tomorrow.

[Mr Reporter]

 Honestly speaking OP this thread wey u dope e really dey confirmable and no be only the newbies need to no the DCA strategy this is applicable to all the long term hodler's, from my little understanding of the DCA strategy na to help business people, investors, to manage their funds to use buy larger block of digital assets and others, e no really easy to tak commti money every week,months to use buy larger  amounts of bitcoin once but with the DCA strategy preson fit dey accumulate 10$ to 50$ depends on your earnings.

 Honestly speaking I don try this Bitcoin investments DCA strategy for one business savings like that and it really help me save up a huge amount of funds that time.

The first time I had of bitcoin accumulation i think the price was around 46k inside my mind I been say how newbie like me go tak pull out 46k once take hodl one 1BTC at a time it was somehow discourage as a newbie and if not that I was determined to learn about the investment and the long time hodl, I for run but when I had of the DCA strategy it really may my bitcoin accumulation easier and faster.

[Hewlet]

The first time I had of bitcoin accumulation i think the price was around 46k inside my mind I been say how newbie like me go tak pull out 46k once take hodl one 1BTC at a time it was somehow discourage as a newbie and if not that I was determined to learn about the investment and the long time hodl, I for run but when I had of the DCA strategy it really may my bitcoin accumulation easier and faster.

The good thing be say you no need get up to a dollar equivalent of 1BTC for your account at the time you wan buy Bitcoin, if na like that be the case, people for no fit de buy Bitcoin like that. The division of Bitcoin into smaller units of sats don make am possible to fit de buy am small small and with time, you go discover say you don already buy plenty Bitcoin.

DCA methord de applicable to newbie, old investor, rich investors, not too rich investors and even institutions and government establishment when de interested in buying Bitcoin. Na through that methord you fit de relaxed take de buy your Bitcoin and grow your portfolio even though you no too get like that. As our country be so when be say almost everybody de struggle, na through the use of the DCA methord when all the classes of investors fit still de buy Bitcoin from the little money when them de get so them no go miss from the benefit of holding Bitcoin most expecially for the long term.

[Cryptomultiplier]

DCA Na the best strategy for newbie to be able to accumulate enough bitcoin. As newbie wey never get idea about bitcoin, this method is less stressful compare to other method. In this method you no need to time the market before you  buy, all you need Na to ready your money ,make plans how you want take dey invest your money, weda Na weekly or monthly basis. Depending on how your income take they come. You go also plan how long u want hold the bitcoin bcos this method no be watin u want do for months, Na year matter be this, like 5_yrs or more depending on ur plan.
 DCA no be for people wey want make quick gain , so if u no fit get patience this method is not for you. why I said this method is best for newbie, be say as a newbie wey never get much idea about bitcoin to go do lump sum fear go dey your body  as newbie but with DCA you will be buying the bitcoin small, small until u done get enough for ur portfolio. this strategy go give u enough confidence, you can buy bitcoin at any time, even the price is up or down. so as a newbie u don't have to wait for the price of bitcoin to go down (DIP) before u start your bitcoin investment, DCA is there for u. lastly, in order for not to trade ur bitcoin at the early stage of your investment, you need to dey set aside some money( emergency fund) bcos nobody fit predict the future, you fit get some problem wey go want pressure u to trade your bitcoin when the time never reach for you to trade. this money will help u not to trade your bitcoin before the expected time.

Na correct talk be dis and na true say DCA strategy better by far pass lump sum strategy of long term investment. The only thing wey we go need to always remind ourselves of when we dey do DCA strategy, na to always apply security caution both with the wallets wey we dey use, how we keep the seed phrases, who we trust with such kind of secret of our investment plan.
As we dey keep emergency fund for one corner, make we also use our brain DCA small small, no need to make am big percentage so as e no go choke.

[Mate2237]

Op you have to know that DCA is a time frame investment you you have to know when money dey enter your hand so you go plan your DCA like that. If you dey received money weekly then you also plan in that way and if you are receiving money monthly you also plan like that. And there are two ways DCA is arranged. Either personal DCA or exchange DCA. Personal DCA na di one wey na you plan am by yourself. Whenever you get money you buy and if money no dey you leave.

But the exchange DCA na di one wey you dey buy from exchange and which dem don already arranged di plan for you and ur own na to only go there and deposit di funds as dem plan am for you. And DCA no be careful only newbies but old investors also make use of it to accumulate more coins to their investment wallets.

[Olatundespo]

The first time I had of bitcoin accumulation i think the price was around 46k inside my mind I been say how newbie like me go tak pull out 46k once take hodl one 1BTC at a time it was somehow discourage as a newbie and if not that I was determined to learn about the investment and the long time hodl, I for run but when I had of the DCA strategy it really may my bitcoin accumulation easier and faster.

DCA methord de applicable to newbie, old investor, rich investors, not too rich investors and even institutions and government establishment when de interested in buying Bitcoin. Na through that methord you fit de relaxed take de buy your Bitcoin and grow your portfolio even though you no too get like that. As our country be so when be say almost everybody de struggle, na through the use of the DCA methord when all the classes of investors fit still de buy Bitcoin from the little money when them de get so them no go miss from the benefit of holding Bitcoin most expecially for the long term.

I agree with you. You don't need much money when depositing bitcoins with DCA method. If you have an alternative source of income and have extra money after household expenses, you can continue to accumulate bitcoins with it. Whether your investment strategy will be long-term depends on the amount of floating cash that should be combined with real assets to protect your holdings of Bitcoin. We can assume that the Bitcoin price trend will continue to increase in the future, so if you accumulate BTC on a regular basis through the DCA method, you can own a large stack and be financially profitable.

[Sim_card]

No be lie you talk OP whether you be newbie or old investor DCA na the best way to gather bitcoins. I feel say many people no dey exposed to DCA strategy if not them for no suffer their self dey reason bullish or bearish season which one go better pass to buy. DCA be like easybuy without interest, you go dey buy wetin you want jeje according to your pocket make e for no choke you.

Why I like DCA method be say as you dey buy small small, you no go know when your bitcoin don reach a good quantity and you go begin wonder how he happen if na magic. The quantity of bitcoin wey you no go fit buy with your clear eye onto say the money go choke you, DCA go make you buy am without feeling anything. This method just be like say you get saving box  and any money wey them dash you, you go put am for there and after a long time when you feel say you need the money, you go break the saving box and e go shock you with how much wey you don pile up. The sweet thing with bitcoin own be say extra profit go come follwo.

[Samlucky O]

DCA Na the best strategy for newbie to be able to accumulate enough bitcoin. As newbie wey never get idea about bitcoin, this method is less stressful compare to other method. In this method you no need to time the market before you  buy, all you need Na to ready your money ,make plans how you want take dey invest your money, weda Na weekly or monthly basis. Depending on how your income take they come. You go also plan how long u want hold the bitcoin bcos this method no be watin u want do for months, Na year matter be this, like 5_yrs or more depending on ur plan.

Normally DCA strategy na for both newbie and the old investors no be for only some set of people. DCA Na the easier and best way to invest with ease, without much stress. The only challenge be say person need to get work wey E go dey do, sothat E fit dey invest for bitcoin. To invest for bitcoin need make person dey constant like to duty yourself say any money wey enter your hand you go try put some percentage for bitcoin for long as say you dey get steady money. But the problem be say if you no get work again base on how the country be, person no fit get that patient to HODl.

DCA no be for people wey want make quick gain , so if u no fit get patience this method is not for you. why I said this method is best for newbie, be say as a newbie wey never get much idea about bitcoin to go do lump sum fear go dey your body as newbie but with DCA you will be buying the bitcoin small, small until u done get enough for ur portfolio.

The aspect you talk say newbie go fear to buy lump sum, me I talk say na lie. Person fit be newbie for this bitcoin matter but no means say money no dey. Some newbie self get money to invest but them just need Orientation for where dem go invest. If the  person teach them the right way to invest, them go do well but where fear go catch dem na when dem no get person wey go guide them.

[Proty]

DCA Na the best strategy for newbie to be able to accumulate enough bitcoin. As newbie wey never get idea about bitcoin, this method is less stressful compare to other method. In this method you no need to time the market before you  buy, all you need Na to ready your money ,make plans how you want take dey invest your money, weda Na weekly or monthly basis. Depending on how your income take they come. You go also plan how long u want hold the bitcoin bcos this method no be watin u want do for months, Na year matter be this, like 5_yrs or more depending on ur plan.

Normally DCA strategy na for both newbie and the old investors no be for only some set of people. DCA Na the easier and best way to invest with ease, without much stress. The only challenge be say person need to get work wey E go dey do, sothat E fit dey invest for bitcoin. To invest for bitcoin need make person dey constant like to duty yourself say any money wey enter your hand you go try put some percentage for bitcoin for long as say you dey get steady money. But the problem be say if you no get work again base on how the country be, person no fit get that patient to HODl.

DCA no be for people wey want make quick gain , so if u no fit get patience this method is not for you. why I said this method is best for newbie, be say as a newbie wey never get much idea about bitcoin to go do lump sum fear go dey your body as newbie but with DCA you will be buying the bitcoin small, small until u done get enough for ur portfolio.

The aspect you talk say newbie go fear to buy lump sum, me I talk say na lie. Person fit be newbie for this bitcoin matter but no means say money no dey. Some newbie self get money to invest but them just need Orientation for where dem go invest. If the  person teach them the right way to invest, them go do well but where fear go catch dem na when dem no get person wey go guide them.

The reason why I said so is that ,let's assume say I introduced u to a new cryptocurrency that is not bitcoin and you don't have any idea about the coin  , and you HV upto 10 million and I advise u to do lump sum with 7or 5m even 1m self fear go dey your body bcos u are new to it.people go always fear to invest heavily on any business that dey know nothing about likewise cryptocurrency. DCA  strategy just dey like to start business with small money and be growing it with time .lump sum to newbie just dey like to go start business wey u no get much idea with big money and the confidence will not be there , that is while it is always adviceable to start business with small capital with bitcoin it is DCA that offers you this opportunity.

[Moreno233]

The reason why I said so is that ,let's assume say I introduced u to a new cryptocurrency that is not bitcoin and you don't have any idea about the coin  , and you HV upto 10 million and I advise u to do lump sum with 7or 5m even 1m self fear go dey your body bcos u are new to it.people go always fear to invest heavily on any business that dey know nothing about likewise cryptocurrency. DCA  strategy just dey like to start business with small money and be growing it with time .lump sum to newbie just dey like to go start business wey u no get much idea with big money and the confidence will not be there , that is while it is always adviceable to start business with small capital with bitcoin it is DCA that offers you this opportunity.

I actually agree with you post because I don check am on a personal norms, person wey never too tey for something no go get the confidence to do am with their full chest. Them go dey fear make e no turn to another MMM wey people lose wetin no nice. Just like them say " you no dey carry two legs test how deep river dey", so them go like anything wey be to put small small money to check as the thing dey work. Na why I feel say the DCA method wey be something newbie fit dey do with small small money go make sense for them pass to put big money at once.

[Asiska02]

DCA no be new thing for the crypto space wey people dey use to take gather bitcoin for forum. Na very nice starter wey dey help investors to take gather plenty bitcoin and keep while them wait for the big bull run to come for them to take cash out from their investment or keep for a longer time to increase their long term profit. Newbies wey wan accumulate bitcoin and get the idea of DCA, e go better make them stick to am because na only that method be the sure way wey go help you gather bitcoin whether your funds small or large for a start. DCA na general term for this forum now and almost everyone knows and sabi how them take they utilise am to gather bitcoin.

[Stable090]

DCA Na the best strategy for newbie to be able to accumulate enough bitcoin. As newbie wey never get idea about bitcoin, this method is less stressful compare to other method.

Anybody wey just wan invest in bitcoin, I go talk say na d best strategy be that, no be for only people wey just Dey join crypto.  If you be newbie, just make sure say you go learn something’s about bitcoin and crypto general, and if you wan start your investment, just make sure say na DCA strategy na him you go use, that one no really require much analysis. No be say you go need go Dey do analysis, just plan yourself with the amount you wan Dey buy either daily, weekly or monthly. Price of bitcoin at that Particular time no suppose be problem.

Na year matter be this, like 5_yrs or more depending on ur plan.
 DCA no be for people wey want make quick gain , so if u no fit get patience this method is not for you.

If we wan invest in bitcoin for long term me I Dey even recommend make our investment plan even pass 5 years, because sometimes 5 years fit no really day enough. And I go talk say if you wan invest in bitcoin, you need patience, if you no fit get patience, then bitcoin investment no really Dey for you. Most people wey Dey put money for shitcoins na because of quick profits wey dem Dey look for, but anything wey make you put money for bitcoin, then make we no expect quick profit.

you need to dey set aside some money( emergency fund) bcos nobody fit predict the future, you fit get some problem wey go want pressure u to trade your bitcoin when the time never reach for you to trade. this money will help u not to trade your bitcoin before the expected time.

If you no get emergency funds, then e go Dey difficult to hold bitcoin for long time be that now, because if problem happen, if emergency money no Dey, you no go get choice than to sell your bitcoin, and use money solve problem wey Dey, but if emergency funds Dey, then we no go even think about the investment wey we get incase if problem Dey.