Does the DCA strategy inspire newbies to invest?

[Bitcoin_Budha]

Anyone who isn't investing with their discretionary income isn't an investor and will definitely not be able to hold because they will need thst money for what it was originally meant for meaning that they will have to sell to be able to do that, traders do this sometimes with the hope of getting profit in that short time before they will have to sell but even some traders still use their discretionary income because they understand that it can be lost in the trade.
Bitcoin investment will not have any chance of success if you do it outside of your discretionary income.

I have to agree with you because I know many people who have made this mistake and faced losses because they were doing this without any strategy or consistent income. At the end, they mostly faced losses and then said goodbye to this crypto and Bitcoin world. Here, there always needed to be some work done after this.
If someone can afford it, he surely invests; otherwise, he needs to stay away because in many cases, if you do not have enough funds, you have to sell your bitcoin or crypto while the price is also down. This always brings losses.
A few weeks back, one of my friends on social media faced big losses because he bought bitcoin at a good price but at the end sold at a low price because he failed to settle his loans and other expenditures through his salary. Always doing a good strategy for having better results.

[Johnlomape]

I find investors using the DCA strategy invest for the long term.
Special Considerations Should Beginners Follow the DCA Method for Bitcoin Investments? What Can Be the Outcome -Future

## DCA here very okay for me and I prefer it more and more or thought it different is during the fall of dollar.
DCA mean.. dollar-cost-averaging.it is very helpful for the newbies because it predicted the time to buy by reducing fear of timing the market so as to lower the emotions trading control.

DCA strategy doesn't just reduce the fear of timing the market, when using DCA strategy there is no longer any need to time the market. So DCA strategy removes the need to time the market because every time and price is the right time and price to buy Bitcoin. With DCA strategy an investor buys Bitcoin without fear. Also consigning the emotions, if using DCA strategy and an investor is still emotional, that is a total misunderstanding because using DCA strategy doesn't just lower emotions it completely removes emotions.

All these can be easy to do by someone that have been in the market for long and have the experience to invest.
Many newbies do not know what's happening in the market and what they mostly think about is how they are going to be successful as an investor trying to take opportunity of every moment to make money for themselves. The reality might not be clear enough for most newbies ans they need fk gain a little experience before they can understand what's happening in the crypto space.

[Futurexxx]

All these can be easy to do by someone that have been in the market for long and have the experience to invest.
Many newbies do not know what's happening in the market and what they mostly think about is how they are going to be successful as an investor trying to take opportunity of every moment to make money for themselves. The reality might not be clear enough for most newbies ans they need fk gain a little experience before they can understand what's happening in the crypto space.

Those that are still messing around trying to figure out everything before starting their accumulation are just wasting valuable time that should have been used to buy and accumulate because common sense and discretionary income is enough to get started, and you can easily attain more knowledge on what and what is needed to be able to hold strong, like putting down emergency and reserve funds in place to safeguard your Bitcoin investment from any emergency situation, but if you fails to start, all in the name of trying to figure out everything, you may not even start at all, and the possibility of procrastination creeping in is also there, so it's very important to start before seeking more knowledge on it.

[ZeroVinsonN]

Well, yeah, some guys are likely using non-discretionary funds to buy bitcoin, since they really are not planning to invest in bitcoin and and hold it for 4-10 years or more, so they are trading/gambling rather than investing, but they are trying to figure out how to accomplish a trade that will be profitable within their timeline which is less than 4 years.

So, yeah, it can be difficult for some guys to actually assure that they have discretionary funds to be able to invest into bitcoin... which they probably should not be investing in bitcoin unless they are sure that they have a sufficient amount of discretionary funds... but that is a determination that each of us has to make in regards to both whether we can and then how much we are able to invest into bitcoin, whether it is weekly or some other time period that we are making our investments.

In a case where guys are using non- discretionary income, they are likely to be investing for short period of time and also likely to be traders rather than investors then we can say they going about bitcoin the wrong way, because we all know Bitcoin sole purpose as an investor is to accumulate as much as you can using the discretionary income to help build a good future. Most times the reason why bitcoin traders fails is because they are being ignorance about the volatility nature of bitcoin.

Anyone who isn't investing with their discretionary income isn't an investor and will definitely not be able to hold because they will need thst money for what it was originally meant for meaning that they will have to sell to be able to do that, traders do this sometimes with the hope of getting profit in that short time before they will have to sell but even some traders still use their discretionary income because they understand that it can be lost in the trade.
Bitcoin investment will not have any chance of success if you do it outside of your discretionary income.

You have expressed an over reliance on discretionary income for Bitcoin accumulation but I don't want to make it too complicated. You may not have discretionary income at the initial stage of investing but you can still start accumulation Bitcoin if you have excess funds or discretionary funds available. This is an early stage situation for Bitcoin accumulation.

With changing personal capabilities you can gradually reach a point of financial well-being and can accumulate Bitcoin regularly through discretionary income. Some investors may have started investing in Bitcoin late. They do not have a regular source of income but they receive a monthly retirement allowance and have a strong desire to accumulate Bitcoin. They can also be a successful Bitcoin investor if they have a long term strategy and the psychological condition to hold Bitcoin.

If you don't have discretionary income at the initial stage of your investment then what are you exactly investing with? As long as you don't need to to pay for your essentials it is your discretionary income and that's what you invest with, that's also what you use to set up your backup funds in which your emergency is one of them, you discretionary spendings where you treat yourself to certain pleasures that aren't exactly necessary or can be considered extravagant comes from your discretionary income.

[As-Soon-As]

If you don't have discretionary income at the initial stage of your investment then what are you exactly investing with? As long as you don't need to to pay for your essentials it is your discretionary income and that's what you invest with, that's also what you use to set up your backup funds in which your emergency is one of them, you discretionary spendings where you treat yourself to certain pleasures that aren't exactly necessary or can be considered extravagant comes from your discretionary income.

If you have to invest in Bitcoin, then it is much better for you to follow the DCA method. Because the investor must have a discretionary income, each person may earn less or more. So if you properly meet the basic needs of the family and invest the rest in Bitcoin, then this task is certainly much easier for you. Many people spend money excessively, such as watching movies, smoking, drinking, and eating nuts at the park.
All these things make people spend their money carelessly. If each person uses this money properly and invests this money in Bitcoin, then at the end of the year he will still have an income of several thousand dollars. So if you keep Bitcoin investment like this for the future 10 to 12 years, then that person will definitely be able to grow his Bitcoin investment.

[Tongley]

If you have to invest in Bitcoin, then it is much better for you to follow the DCA method. Because the investor must have a discretionary income, each person may earn less or more. So if you properly meet the basic needs of the family and invest the rest in Bitcoin, then this task is certainly much easier for you. Many people spend money excessively, such as watching movies, smoking, drinking, and eating nuts at the park.
All these things make people spend their money carelessly. If each person uses this money properly and invests this money in Bitcoin, then at the end of the year he will still have an income of several thousand dollars. So if you keep Bitcoin investment like this for the future 10 to 12 years, then that person will definitely be able to grow his Bitcoin investment.

Investing your entire discretionary income in Bitcoin is not a good idea, especially for a newbie. If a person does not have an emergency fund, then he/she will need to build an emergency fund along with the investment. So if you invest the entire amount, you will have to sell the investment to meet the emergency fund.

You can divide your discretionary income into three parts, one part for investments, one part for emergency fund and one part for monthly or weekly extra expenses. It is better to divide your discretionary fund according to your discretionary fund situation or according to your convenience.

[cxtreenal]

If you have to invest in Bitcoin, then it is much better for you to follow the DCA method. Because the investor must have a discretionary income, each person may earn less or more. So if you properly meet the basic needs of the family and invest the rest in Bitcoin, then this task is certainly much easier for you. Many people spend money excessively, such as watching movies, smoking, drinking, and eating nuts at the park.
All these things make people spend their money carelessly. If each person uses this money properly and invests this money in Bitcoin, then at the end of the year he will still have an income of several thousand dollars. So if you keep Bitcoin investment like this for the future 10 to 12 years, then that person will definitely be able to grow his Bitcoin investment.

Investing your entire discretionary income in Bitcoin is not a good idea, especially for a newbie. If a person does not have an emergency fund, then he/she will need to build an emergency fund along with the investment. So if you invest the entire amount, you will have to sell the investment to meet the emergency fund.

You can divide your discretionary income into three parts, one part for investments, one part for emergency fund and one part for monthly or weekly extra expenses. It is better to divide your discretionary fund according to your discretionary fund situation or according to your convenience.

You are right. Discretionary income should be divided into three parts until you can build an emergency fund. One dilemma investors have is how big an emergency fund should be. The size of this fund should be the equivalent of 3-6 months of your all expenses. Once you have an emergency fund, you can divide your discretionary income into two parts, with the majority of it allocated to Bitcoin accumulation and a smaller amount for your extra expenses. You can also keep a cash fund available to add extra Bitcoin percentages when the price is relatively low. Or you can use that cash flow for small emergencies.

[Jody.Drummer]

In my opinion, these difficulties will not exist if we have a clear income and can manage our finances well, because with a clear income and good money management, it can make the distribution of the income earned go well, such as separating it to meet needs and for emergency funds as well as for investment. But still, if the finances are not stable then even with good money management it is difficult in my opinion even though good money management can be done but yes there may still be difficulties. And if that's the case then the problem that must be overcome first is to increase income to create a stable cash flow so that everything can be fulfilled sufficiently.

Yes we can use budget and money management in all different circumstances, but if we dont have money to manage them, then it does not matter. It is impossible to optimize budget that is already below survival level. Having base line is important to be able to split your money into savings, emergency funds, and investments.

When cash flow is not in stable situation I believe focus should always be moved from saving money to making more money. Only way to deal with broken financial foundation, is to increase your income by learning additional skills or working more. After your income starts to stabilize and increase, your efforts at good money management will finally pay off, big time. It is about solving income problem first, once that is taken care of, proceeding with building long term investment plan.

If that’s really the case where our income is still low then it’s hard to optimize our budget. I’ve been there myself, where I’ve already optimized my expenses to match my income, but it’s still a tough situation. The solution is to find another source of income even though it might seem difficult, that’s the only option.
I agree with you that shifting from saving to earning more money is necessary when cash flow is unstable, because it’s pointless if our income isn’t enough to meet our needs let alone save since even meeting those needs is already difficult.

[Moreno233]

If you don't have discretionary income at the initial stage of your investment then what are you exactly investing with? As long as you don't need to to pay for your essentials it is your discretionary income and that's what you invest with, that's also what you use to set up your backup funds in which your emergency is one of them, you discretionary spendings where you treat yourself to certain pleasures that aren't exactly necessary or can be considered extravagant comes from your discretionary income.

People do a lot of things in their early stages of investing in Bitcoin and that includes investing when there is even no clear discretionary income. For instance, someone can decide to cut down on meals, from three square meals to eating once so that they can have extra income to invest in Bitcoin. People can cut down on expenses in many ways just to invest in Bitcoin. This may not be the best thing to do but beginners do it and then learn the best way of doing it with time. My point is that a beginner can start investing in Bitcoin even when there is no clear discretionary income, but with time they will learn the importance of investing with discretionary income and even setting up emergency funds.

[Jewan420]

If you don't have discretionary income at the initial stage of your investment then what are you exactly investing with? As long as you don't need to to pay for your essentials it is your discretionary income and that's what you invest with, that's also what you use to set up your backup funds in which your emergency is one of them, you discretionary spendings where you treat yourself to certain pleasures that aren't exactly necessary or can be considered extravagant comes from your discretionary income.

People do a lot of things in their early stages of investing in Bitcoin and that includes investing when there is even no clear discretionary income. For instance, someone can decide to cut down on meals, from three square meals to eating once so that they can have extra income to invest in Bitcoin. People can cut down on expenses in many ways just to invest in Bitcoin. This may not be the best thing to do but beginners do it and then learn the best way of doing it with time. My point is that a beginner can start investing in Bitcoin even when there is no clear discretionary income, but with time they will learn the importance of investing with discretionary income and even setting up emergency funds.

I have not yet seen a newbie who is investing in Bitcoin by eating one meal instead of three meals a day.

I cannot support giving money for investment by ignoring the fundamental right of people to eat three meals a day. You may be able to give extra discretionary money for investment by banning luxury foods from the food list and giving money for investment by excluding all luxury expenses, but giving money for investment by taking away basic rights is not advisable.

Is there a guarantee that after starting investment without eating two meals, your source of income will increase later? "Investment should be done only with prudent money" Aren't you breaking this rule? I would suggest, first give importance to the present and achieve basic rights, then make sacrifices for investment in future plans.