What DCA(Dollar Cost Average) does for you

[dzungmobile]

I think that the best way to do that is to think on percentages rather than in cents or dollars. As you said, fees are important if you make many little purchases, but if you buy less often or higher amounts at once, fees get diluted.

Capital availability decides your repeat purchasing time too. Like if you can have only $10 weekly for investment, you will need to wait like 5 weeks or 10 weeks to do each DCA round with either $50 or $100 purchase. It will save your trading fees, and your withdrawal fee too.

People with big capital don't have to care too much about withdrawal fee or on chain transaction fee when moving their bitcoin. Because withdrawal fee or transaction fee is surely too small compares to their capital value or withdrawal value.

Anyway, if you will lose a great opportunity to buy just before the FOMO like what we are seeing these days, then perhaps you should forget about high fees and buy before it gets more expensive.

Buy in a bear market, especially 1 or 2 years since ATH of last market cycle, is very good for accumulation, reduce risks of buying in middle of correction from ATH to bottom, and it reduces your entry cost so that in a next bull market, you will have better ROI.

During a bull run, simply do DCA if they have capital for it, and if you want to invest more.

[Jewan420]

Whenever you decide to do Dollar Cost averaging you should consider the times when the fees are low. This is one aspect of this conversation that is not talked about a lot. And I know the community wants to make DCA as simple as it can be but what to do when the fees are high but you still have to DCA.
Assuming that transaction fees are always low then DCAing every other week is ideal if your investment money is small. DCAing every other week is not ideal if the transaction fees are high and the investment money is small like say $50. In this case either fortnightly or monthly is ideal.

Many of us have different timing plans for DCA. Many do weekly DCA or many do monthly DCA. Many even do fortnightly DCA. Frequent buying in DCA method is not a good decision. Because, we have to keep the transaction fee in mind. You pay a fee each time you buy, but your transaction fees will increase if you buy more frequently. Therefore buying more than 4 times a month is not a good decision. If your amount is more then you can buy 4 times in a month. If your money is less then it is better to buy once or twice a month. Because we need to balance investment and transaction fees. Buying more than four times a month may result in higher transaction fees. Determine how often you will buy based on your budget.

[Olatundespo]

Whenever you decide to do Dollar Cost averaging you should consider the times when the fees are low. This is one aspect of this conversation that is not talked about a lot. And I know the community wants to make DCA as simple as it can be but what to do when the fees are high but you still have to DCA.
Assuming that transaction fees are always low then DCAing every other week is ideal if your investment money is small. DCAing every other week is not ideal if the transaction fees are high and the investment money is small like say $50. In this case either fortnightly or monthly is ideal.

Many of us have different timing plans for DCA. Many do weekly DCA or many do monthly DCA. Many even do fortnightly DCA. Frequent buying in DCA method is not a good decision. Because, we have to keep the transaction fee in mind. You pay a fee each time you buy, but your transaction fees will increase if you buy more frequently. Therefore buying more than 4 times a month is not a good decision. If your amount is more then you can buy 4 times in a month. If your money is less then it is better to buy once or twice a month. Because we need to balance investment and transaction fees. Buying more than four times a month may result in higher transaction fees. Determine how often you will buy based on your budget.

If you have decided to deposit bitcoins and want to do DCA for long term, weekly or monthly deposit plans can be beneficial and transaction fees should not be a big obstacle. You can add that fee on top of the purchase price and charge it to subsequent sales. When you buy something from a super shop you have to pay extra fees on some products which is normal and you should gladly pay it. Similarly, paying transaction fees for investing in Bitcoin should be considered a normal process.

Investors who have weekly income should take weekly decision in doing DCA otherwise discretionary income might be spent and investors who have income in monthly form should decide to deposit bitcoins from discretionary income to DCA method accordingly. You should be flexible about Bitcoin transaction fees rather than being rigid so that fee don't become a major obstacle when holding Bitcoin.

[notocactus]

If you have decided to deposit bitcoins and want to do DCA for long term, weekly or monthly deposit plans can be beneficial and transaction fees should not be a big obstacle.

Investment means using your money to purchase bitcoin. You can not deposit bitcoins when you didn't have it because you did not buy it. 

You don't pay transaction fees for your purchases, but trading fees. You don't pay transaction fees for your withdrawals from exchanges too and what you pay is actually Withdrawal Fee.

• https://www.cryptowisser.com/exchanges/
• https://exchangewar.info/

[Ruttoshi]

Whenever you decide to do Dollar Cost averaging you should consider the times when the fees are low. This is one aspect of this conversation that is not talked about a lot. And I know the community wants to make DCA as simple as it can be but what to do when the fees are high but you still have to DCA.
Assuming that transaction fees are always low then DCAing every other week is ideal if your investment money is small. DCAing every other week is not ideal if the transaction fees are high and the investment money is small like say $50. In this case either fortnightly or monthly is ideal.

Many of us have different timing plans for DCA. Many do weekly DCA or many do monthly DCA. Many even do fortnightly DCA. Frequent buying in DCA method is not a good decision. Because, we have to keep the transaction fee in mind. You pay a fee each time you buy, but your transaction fees will increase if you buy more frequently. Therefore buying more than 4 times a month is not a good decision. If your amount is more then you can buy 4 times in a month. If your money is less then it is better to buy once or twice a month. Because we need to balance investment and transaction fees. Buying more than four times a month may result in higher transaction fees. Determine how often you will buy based on your budget.

Don't forget that the amount that you are using to buy once in a month can be spread in the number of weeks for that month and it will be the same. Transaction fee should be paid once, you are ready to send your bitcoin from the exchange to your private wallet and be careful of very small UTXO.

DCA has given everyone both the rich and poor the  opportunity to invest in bitcoin and grow their bitcoin stash overtime as long as they can afford a little amount to invest with regularly. If not for DCA,  I wouldn't have been able to acquire the quantity of bitcoin in my possession.

[dzungmobile]

Transaction fee should be paid once, you are ready to send your bitcoin from the exchange to your private wallet and be careful of very small UTXO.

When you use a centralized exchange, and make a withdrawal request, exchange will approve your request and proceed that withdrawal for you. You don't have to consolidate many inputs or use many inputs from DCA for your withdrawal. The exchange does it for you and they charge you all in withdrawal fee that is expensive.

When you make deposit on centralized exchanges, they will automatically move your deposit to other wallets, like their cold wallets, or hot wallets but for input consolidation. Later, when you withdraw your coin, they proceed it from their wallets.

Generally they don't do it free for you and at the end they charge you very expensive withdrawal fee.

[Dzwaafu11]

DCA plays an important role in investment, which we do  consider important in long-term investment. Since DCA is a matter of long-term planning, in that case the investor has to adopt the DCA method. If you carry out investment activities outside the Dollar Cost Averaging (DCA) method, then you can be immersed in the volatility of the market

Exactly. That is why DCA is the best method to invest in bitcoin because when you use DCA you won’t boarder whether the market is at dip or high; all you want is the price to reach your target before you sell, and also DCA has less risk compared to any other method you can use to invest in bitcoin; furthermore, it can make it easy for you to set an amount that you can be investing based on your source of income. You can be investing using the DCA method gradually, and before you know it, you will be able to accumulate enough bitcoin in your wallet.

[TeeTeen]

I consider the DCA strategy as the best strategy, because the DCA strategy helps to buy BTC step by step. DCA can be the best strategy for long-term investment. No matter how limited a person's income is, he can easily buy BTC through the DCA strategy. All he needs is a prudent income and with prudent income, he can easily buy BTC, and by doing this, he does not have to face unnecessary worries about investment.

[As-Soon-As]

I consider the DCA strategy as the best strategy, because the DCA strategy helps to buy BTC step by step. DCA can be the best strategy for long-term investment. No matter how limited a person's income is, he can easily buy BTC through the DCA strategy. All he needs is a prudent income and with prudent income, he can easily buy BTC, and by doing this, he does not have to face unnecessary worries about investment.

If you want to invest in Bitcoin according to the DCA method, then of course your discretionary income will help you the most. If you can start your journey towards the future by investing in Bitcoin with discretionary income and maintaining the continuity of purchases, then you can definitely succeed by following the Bitcoin DCA method.
Bitcoin investment will only depend on your risk tolerance, the more risk a person takes and the more comfortable he is with it, the more likely he is to be able to maintain the continuity of Bitcoin purchases and it will be easier for him to keep his Bitcoin investment for a long time in the future.

[I_Anime]

Dca play a lot of role being one of the common method of buying,  With dca strategy you can solve some challenges that come with bitcoin accumulation and holding , like timing the market, not having enough funds to buy big once (doesn’t means is for the poor alone ) etc.

Timing the market is nearly impossible because you can’t be active all the time , and timing the market will cost you alot of opportunities (missed opportunities). That’s why we have to buy at different price interval when the price is high or low , one can also buy the dip using the dca buying method.

[ruykeri]

The most advantageous thing about the DCA method, in my opinion, is that it helps people buy at an average price and is very convenient for long-term accumulation. If someone invests a large amount of money at once in an asset with a volatile price like Bitcoin, then the investor may be upset when the price decreases or increases. Then it is quite natural to make wrong decisions due to excessive tension. People often cannot succeed in investing in Bitcoin because of such wrong decisions. In that case, by investing in the DCA method, they can invest regularly for a long time. And by buying Bitcoin at an average price, the possibility of making much more profit is seen in the long-term.

[Oshio-man]

                          Dollar cost average (DCA) can do the following:

1)It will make your dream come to reality: When you apply dollar cost average (DCA) to accumulate bitcoin it will make you to be bold when the time of selling or trading come because there is a hope that you will earn huge income from your holding,
2)It create opportunity for big and small holders to accumulate bitcoin: when you save huge amount of funds ahead the price you are waiting for before you can purchase bitcoin or start purchasing bitcoin it will make you to be comfortable not to sell when you notice some signs that will make you not to make what you are expecting than to ignore and continue holding till the price of your dream come to reality,
3)It will make you not to experience losses that will make you quite your investment:  when you make up your mind to start using this dollar cost average (DCA) strategy to accumulate bitcoin, there will be hope of earning good income when bullish season take over the market because that is what will make many investors to change their mind to start selling their bitcoin for income purposes.

[Mr_Brilliant$]

DCA plays an important role in investment, which we do  consider important in long-term investment. Since DCA is a matter of long-term planning, in that case the investor has to adopt the DCA method. If you carry out investment activities outside the Dollar Cost Averaging (DCA) method, then you can be immersed in the volatility of the market.
DCA is of immense importance in Bitcoin investment, which helps the investor to create a good portfolio in the case of long-term Bitcoin investment. Gradually, an investor becomes a full investor through the DCA method and can enjoy the benefits of getting a good return. Since Bitcoin is volatile, investors have to sow the seeds of their long-term strategy through the Dollar Cost Averaging method, then you can enjoy the benefits of a good investment.

This is true, DCA is one of the best approaches for long term Bitcoin investing… For those that has tried timing the market to buy when they feel it’s right, they would testify how stressful timing the market is..
But DCA removes a lot of the stress of trying to time the market and helps investors accumulate, regardless of those price volatility and fluctuations..
And over time, been consistent tends to matter more than those short term price movements, which is why DCA has become a popular strategy among long term Bitcoin holders…

[jcojci]

That can gives you a nice profit when the price increases which you can sell it at that high price.

You only need to understand how setting the term and be patient while you focus on buying and hodl Bitcoin for the long term.

Yes, every investment has its risk so learning about that will helps you to prevent the risk bigger. You could adjust with the situation and not panic as you know how to handle.

[cyberninja2]

...

This is true, DCA is one of the best approaches for long term Bitcoin investing… For those that has tried timing the market to buy when they feel it’s right, they would testify how stressful timing the market is..
But DCA removes a lot of the stress of trying to time the market and helps investors accumulate, regardless of those price volatility and fluctuations..
And over time, been consistent tends to matter more than those short term price movements, which is why DCA has become a popular strategy among long term Bitcoin holders…

There is no such thing as a person who has more finances than they need. Currently if someone has more than their financial needs it's better to buy Bitcoin using the DCA method or strategy. This strategy is currently very easy and safe to use. Especially when buying Bitcoin this method or strategy certainly makes it more practical for someone who is making long-term investments. Therefore when it's time to make a purchase it's better not to delay because waiting for the right time can make it easier to miss an opportunity.

In this case what is really needed is a consistent attitude of a person where sometimes after purchasing Bitcoin a person forgets how to do something that can be used or is beneficial for each of them personally because some people when a problem occurs of course they prefer not to learn again about what they have done for another reason when they experience mistakes they will not learn to start approaching people who understand more about it so this shows that a consistent attitude is not possessed by that person so they will let go in a fairly spontaneous way to resell what they have done at the beginning so investing is not only enough with mental or financial readiness but a consistent attitude is also more than that.

[Z_MBFM]

DCA buying practice can also help any investor using it to manage his finance properly, because funds that you will use for unnecessary things will be used to DCA without thinking twice, since you are focused on buying regularly to increase your stash. It is the most easy, effective and efficient method for a new investor to use in building his bitcoin portfolio overtime, as long as you don't over do it with an amount that you cannot afford to do away with.

A common theme of DCA is to reduce risk in investments. There is a lot of risk in investing a large amount at once because no matter how well someone knows how to analyze, they cannot complete the final prediction at the beginning. In this case, investing a large amount at once will be very risky. However, whether an investor is new or experienced, using the DCA method can easily avoid major risks and make safe investments. In the case of any type of investment, whether it is virtual investment or offline investment, DCA is an excellent method to reduce risk and make good profits.

[Razmirraz]

DCA can beat emotions and FOMO. DCA helps me acquire more Bitcoin when it's cheap, less when it's expensive, so there's no need to guess whether it's a bottom or not. In Bitcoin investment there is no right time, meaning no one can predict when the value will rise or fall, even experienced investors.

DCA taught me to be disciplined in building long-term investments and helped reduce the risk of buying at the wrong time, eliminating the stress caused by price fluctuations. For me, the DCA strategy is like an autopilot that makes investing easier, without having to open charts every day and without stress.

DCA can also protect me from the slot mentality (all-in now, win big now) while DCA is the opposite (a little now, get rich slowly). My patience is also more controlled with DCA, there are no lights, no notification sounds, all there is is my Bitcoin balance increasing 0.0000x every week, although it feels a little boring, but it is precisely this boredom that allows me to achieve big profits in the future.

[OcTradism]

DCA can beat emotions and FOMO. DCA helps me acquire more Bitcoin when it's cheap, less when it's expensive, so there's no need to guess whether it's a bottom or not. In Bitcoin investment there is no right time, meaning no one can predict when the value will rise or fall, even experienced investors.

DCA is only DCA, a strategy similarly to Bitcoin is just Bitcoin, one of cryptocurrency and investment assets for people to choose using and investing. Using the DCA strategy is good or bad, it's individual issue as there are people who don't prepare their knowledge about Bitcoin, Bitcoin market and DCA strategy well enough, so with such people only DCA strategy is not enough for helping them. They even can apply DCA strategy wrongly and later if they have loss, they will blame their loss on DCA strategy.

While with people who prepared these things well enough, they will apply DCA strategy rightly and very well, so profit from DCA Bitcoin and hold bitcoins a long time is quite guaranteed.

[tabas]

DCA can beat emotions and FOMO. DCA helps me acquire more Bitcoin when it's cheap, less when it's expensive, so there's no need to guess whether it's a bottom or not. In Bitcoin investment there is no right time, meaning no one can predict when the value will rise or fall, even experienced investors.

I agree, there's no need to fight over our emotions when we DCA. The FOMO is gone and we're even chiller and the better version of ourselves than in the past. Before, we get to feel FOMO because we think that we're being left by what's happening. But as soon as we understand that with patience and consistency through DCA, that beats that uncertainty and FOMO. We don't chase it anymore but profits is the one that chases us because we know that in the nearest future, all of the consistency that we did through DCA is worthwhile.

[Jostern]

Personally I consider the DCA strategy as the best approach and strategy that can be used in buying and stacking bitcoin, because that is the only strategy that helps you to buy at any given price that bitcoin is in the market, but that doesn’t mean that you can’t approach other strategies in the right ways, I have been buying bitcoin for sometimes now, and buying through the DCA strategies have given me the opportunity and confidence, you can always buy and accumulate in small quantities that is way more affordable in terms of buying and holding Bitcoin for a long term, I feel DCA strategies helps in a long term investment.