Does the DCA strategy inspire newbies to invest?

[Obulis]

[edited out]

We are getting messy with those examples, since they mixed those different topics in the discussion. But actually the budget or sized by investors is not big deal, since I think what matter more is their approach.

If he really have that $100 fund each week, they can either choose those option that you mentioned, but I'd discourage them to do trades because maybe they might just their time and money dealing with volatile movement of the market. But if they follow those things what you have said then yeah the outcome might came out really different. Since after a decade of consistent buying or investing those people into this action could see the amazing growth of their portfolio, while those people engage on trading either got slow growth or quit because they got wiped out.

So its not actually all about which of those people have more money, but actually on their methods followed. Also about the difference of those strategies they are using. If we talk about investment especially on Bitcoin. Many people lean on long term because they already see those good effects achieved by those consistent long term investors compare to those people doing short term trades.

Of course, DCA is an investing strategy, not a trading strategy, yet guys do not have to choose 100% in one or the other, and they could pick some amount that allows them to put some amount into each, and perhaps a guy who mostly believes in investing, yet he wants to dabble in trading, then maybe he would choose to put 90% into investing and allow himself the other 10% into trading.

One of the problems that many traders have is their inability to set limits on themselves and to stick with such limits, so then they allow the limit to devolve into some amount that was not originally in their plan and the increased amount allowed for trading ends up getting more and more out of hand.  We can ONLY do so much to help them to rescue themselves from themselves, and surely from my own opinion, it could take well over a couple of cycles to see the results in terms of investing into bitcoin clearly and unequivocally beating out the trading of bitcoin and/or the screwing around with other trades and/or shitcoins.  There are always too many shiny objects that can lure traders away from investing and tempt them to put more and more value into their trading and/or their shitcoins that end up causing them to lose all or most of the money that they had allocated to those trading and/or shitcoin endeavors.

But, yeah, if they could figure out some formula that is reasonable, such as 90% to investing into bitcoin and 10% to trading/shitcoins and/or other gambling endeavors, then there likely would be no problem with their trying to build the 10% of their bitcoin value that they end up allocating to trading and/or other projects.

Indeed division of funds and putting in 90% into  investing and 10% into trading and dedication to it is a wonderful formula that will help quench trading addiction. This limit can be broken but in many cases it set a serious control to trading addiction.
While passively inputting more resources investing in hope of the definitely more better outcome that Bitcoin has to offer investors, a lover of trading is also busy exercising there feelings trading which will definitely give less results compared to investing even if more resources is inputted into trading. Such calculation is done by calculating separately the percentage input to percentage gain and at the end compared which that has more percentage gain.

To stop trading automatically means withdrawing of capital into a cold wallet, kill or delete trading apps and focus on DCA strategy.

[JayJuanGee]

[edited out]

We are getting messy with those examples, since they mixed those different topics in the discussion. But actually the budget or sized by investors is not big deal, since I think what matter more is their approach.

If he really have that $100 fund each week, they can either choose those option that you mentioned, but I'd discourage them to do trades because maybe they might just their time and money dealing with volatile movement of the market. But if they follow those things what you have said then yeah the outcome might came out really different. Since after a decade of consistent buying or investing those people into this action could see the amazing growth of their portfolio, while those people engage on trading either got slow growth or quit because they got wiped out.

So its not actually all about which of those people have more money, but actually on their methods followed. Also about the difference of those strategies they are using. If we talk about investment especially on Bitcoin. Many people lean on long term because they already see those good effects achieved by those consistent long term investors compare to those people doing short term trades.

Of course, DCA is an investing strategy, not a trading strategy, yet guys do not have to choose 100% in one or the other, and they could pick some amount that allows them to put some amount into each, and perhaps a guy who mostly believes in investing, yet he wants to dabble in trading, then maybe he would choose to put 90% into investing and allow himself the other 10% into trading.

One of the problems that many traders have is their inability to set limits on themselves and to stick with such limits, so then they allow the limit to devolve into some amount that was not originally in their plan and the increased amount allowed for trading ends up getting more and more out of hand.  We can ONLY do so much to help them to rescue themselves from themselves, and surely from my own opinion, it could take well over a couple of cycles to see the results in terms of investing into bitcoin clearly and unequivocally beating out the trading of bitcoin and/or the screwing around with other trades and/or shitcoins.  There are always too many shiny objects that can lure traders away from investing and tempt them to put more and more value into their trading and/or their shitcoins that end up causing them to lose all or most of the money that they had allocated to those trading and/or shitcoin endeavors.

But, yeah, if they could figure out some formula that is reasonable, such as 90% to investing into bitcoin and 10% to trading/shitcoins and/or other gambling endeavors, then there likely would be no problem with their trying to build the 10% of their bitcoin value that they end up allocating to trading and/or other projects.

Indeed division of funds and putting in 90% into  investing and 10% into trading and dedication to it is a wonderful formula that will help quench trading addiction. This limit can be broken but in many cases it set a serious control to trading addiction.
While passively inputting more resources investing in hope of the definitely more better outcome that Bitcoin has to offer investors, a lover of trading is also busy exercising there feelings trading which will definitely give less results compared to investing even if more resources is inputted into trading. Such calculation is done by calculating separately the percentage input to percentage gain and at the end compared which that has more percentage gain.

To stop trading automatically means withdrawing of capital into a cold wallet, kill or delete trading apps and focus on DCA strategy.

Many people have gambling inclinations, and they even get distracted by the BTC price and/or shitcoins.

Of course, it is better if they are able to figure out some kind of a way to limit their shitcoining/trading(gambling), yet many times, they will have trouble sticking to limits, even if they self-impose what they believe to be their own "reasonable" limits.

There will be some who are able to help themselves to stop and/or to strictly stay within their limits, yet I tend to think that those are  not very common.. so they are exceptions rather than the rule.

And, yeah, at the same time, people are responsible to try to figure out themselves and to figure out reasonable systems for them to help themselves in making progress with their bitcoin investment and/or the strengthening of their cashflow management practices...and some people are better than others in regards to both identifying their own deficiencies and improving upon areas that they identify as deficient.

[PhilosopherKing]

You probably misunderstood Stive009. Stive009's point was that if someone keeps a separate reserve in addition to buying regularly, they can take advantage of the price drop and buy extra. I think his point is logical. PhilosopherKing, if you want, you can prioritize regular purchases and if you have the ability to keep a reserve, then you can buy extra when the price drops with that reserve. I don't see anything wrong here. Because you are not stopping buying and waiting, but rather taking an additional opportunity in addition to buying regularly.

Making purchases with more of course it is logical especially when prices are falling, this is a situation that can indeed be used by investors to make purchases but it must be considered also not to force yourself to accumulate all income, still the main needs must be prioritized and more purchases are intended with discretionary funds that are accumulated entirely for investment.

Even though counter-intuitive, it tends to be better to ongoingly buy bitcoin rather than holding back funds for dips that may or may not end up happening.

Of course, if a person has a lot of discretionary funds and/or already been accumulating bitcoin for a long time, there  might be some logic in holding some money back for possible dips... otherwise bitcoin newbies perhaps less than a whole cycle in accumulating bitcoin and even folks who are fairly early in their bitcoin accumulation journey or perceive themselves to be a long way from their bitcoin accumulation goal, it tends to be better to stay focused on ongoing regular and persistent accumulation.  Holding back value to buy dips that might not happen is not a good actual strategy and it also likely puts an investor into a waiting mindset rather than an acting and ongoingly buying mindset.

For sure it is not a good idea for a low coiner to be waiting for bitcoin to dip before they can buy bitcoin. They are supposed to focused on continuous accumulation of bitcoin using there available discretionary income in other to be able to build a good portfolio in bitcoin. So it will be unwise for a newbie or those that are still far from there investment goal to be waiting for a desire dip which may not happen. Consistent buying is very important for a low coiner especially for those with low discretionary income or those that are still far away from meeting there investment timeline.

I will admit that when bitcoin dip, it can fell tempting because people know that bitcoin is valuable and they want to now get it for lower prices.  But there is a cost for that. But nobody know when the market will fall. The price can fall very well today and tomorrow the price can retarce and go back to it previous price. Nothing is guaranteed, that is why it is pointless for person to think that dip is best time to buy.

Person who is just starting should have no business timing market , their priority should be how to increase the size of their Bitcoin stash by ongoingly investing using only their discretionary income instead of trying to outwit the market.

[suhadi88]

I will admit that when bitcoin dip, it can fell tempting because people know that bitcoin is valuable and they want to now get it for lower prices.  But there is a cost for that. But nobody know when the market will fall. The price can fall very well today and tomorrow the price can retarce and go back to it previous price. Nothing is guaranteed, that is why it is pointless for person to think that dip is best time to buy.

Person who is just starting should have no business timing market , their priority should be how to increase the size of their Bitcoin stash by ongoingly investing using only their discretionary income instead of trying to outwit the market.

For the situation you're referring to, if we're determined to invest using the DCA method, the issue of price fluctuations is secondary. Our focus should be on how much we've accumulated, even if it's gradual.

Everything real requires a process to grow, and this isn't a waste of time if we apply it and follow it, unless it's not part of our investment plan.

[Stive009]

You probably misunderstood Stive009. Stive009's point was that if someone keeps a separate reserve in addition to buying regularly, they can take advantage of the price drop and buy extra. I think his point is logical. PhilosopherKing, if you want, you can prioritize regular purchases and if you have the ability to keep a reserve, then you can buy extra when the price drops with that reserve. I don't see anything wrong here. Because you are not stopping buying and waiting, but rather taking an additional opportunity in addition to buying regularly.

Making purchases with more of course it is logical especially when prices are falling, this is a situation that can indeed be used by investors to make purchases but it must be considered also not to force yourself to accumulate all income, still the main needs must be prioritized and more purchases are intended with discretionary funds that are accumulated entirely for investment.

Even though counter-intuitive, it tends to be better to ongoingly buy bitcoin rather than holding back funds for dips that may or may not end up happening.

Of course, if a person has a lot of discretionary funds and/or already been accumulating bitcoin for a long time, there  might be some logic in holding some money back for possible dips... otherwise bitcoin newbies perhaps less than a whole cycle in accumulating bitcoin and even folks who are fairly early in their bitcoin accumulation journey or perceive themselves to be a long way from their bitcoin accumulation goal, it tends to be better to stay focused on ongoing regular and persistent accumulation.  Holding back value to buy dips that might not happen is not a good actual strategy and it also likely puts an investor into a waiting mindset rather than an acting and ongoingly buying mindset.

For sure it is not a good idea for a low coiner to be waiting for bitcoin to dip before they can buy bitcoin. They are supposed to focused on continuous accumulation of bitcoin using there available discretionary income in other to be able to build a good portfolio in bitcoin. So it will be unwise for a newbie or those that are still far from there investment goal to be waiting for a desire dip which may not happen. Consistent buying is very important for a low coiner especially for those with low discretionary income or those that are still far away from meeting there investment timeline.

I will admit that when bitcoin dip it can fell tempting because people know that bitcoin is valuable and they want to now get it for lower prices.  But there is a cost for that. But nobody know when the market will fall. The price can fall very well today and tomorrow the price can retarce and go back to it previous price. Nothing is guaranteed that is why it is pointless for person to think that dip is best time to buy.

Person who is just starting should have no business timing market , their priority should be how to increase the size of their Bitcoin stash by ongoingly investing using only their discretionary income instead of trying to outwit the market.

It is not wise to predict the direction the market will go in the beginning when you are completely new to Bitcoin. To be honest, none of us can say exactly where the market will stop, when the real bottom or dip or bull run will start. Therefore, it is much more important to develop a good habit of investing regularly rather than chasing market timing in the beginning.
To me this is the real beauty of DCA. it does not ask us to be astrologers and predict the future. Rather It teaches us to accumulate Bitcoin in a disciplined way by accepting the pure reality that the future is unpredictable. If we keep thinking before investing every time, is now the perfect time to buy? If we keep looking for the answer to this question It turns out that the real investment is not started or the plan falls apart in the middle. However at the end of the day, the real profit in the market is made by those who can calmly maintain their plan without any drama.
However just starting DCA does not end the responsibility. That plan should be in line with the reality of your own pocket. You should always invest from your own discretionary income. This way, even if there is a big crash in the market or a sudden pullback in reality there is no mental pressure to sell Bitcoin at a loss or close the investment. If necessary, the amount of DCA can be reduced slightly but it is extremely foolish to cancel the entire plan just because the price fluctuates a little.
Another thing is that many people think that if they can buy at the very bottom or at a low price, they have become a successful investor. But for me, The key to long term success is not finding the perfect entry point but how many years you have been able to accumulate Bitcoin.
Therefore before starting DCA you need to have a strong mental preparation of at least 4 to 10 years. And if this period is longer then it is not a problem! Because the real surprise of DCA can never be realized unless you go through several market cycles in a row.
At the end of the day I firmly believe that the true success of a Bitcoin investor is not in beating the market or being smarter than short-term traders but in sticking to the rules you have made.
Because none of us can control where the market will go tomorrow. But the habit of saving a little every day your financial discipline, and long term patience are three things that are completely in our own hands.

[johnsaributua]

I will admit that when bitcoin dip, it can fell tempting because people know that bitcoin is valuable and they want to now get it for lower prices.  But there is a cost for that. But nobody know when the market will fall. The price can fall very well today and tomorrow the price can retarce and go back to it previous price. Nothing is guaranteed, that is why it is pointless for person to think that dip is best time to buy.

Person who is just starting should have no business timing market , their priority should be how to increase the size of their Bitcoin stash by ongoingly investing using only their discretionary income instead of trying to outwit the market.

It's difficult to know when the market price will decline. So when the price is already falling what's important is to increase our purchasing power so we can accumulate more assets to invest in for the long term. On the one hand falling prices are good for those looking to buy but for those who have already accumulated a large amount it's sometimes not so profitable. They tend to buy when the market price is stable and hasn't yet declined. This is something they can't accept. However whether we accept it or not depends on the individual as market conditions are sometimes unpredictable making us always in a stable position when making purchases especially since we certainly don't profit from the current price decline.

One of the things they have to do is buy with the aim of increasing the amount they will have but for them they also do not need to think about what happens to the current market conditions because if they see and think about the market conditions I think they will not start investing this because they think of making a purchase but the market conditions are in decline so in the end they will definitely postpone the purchase even though it is an advantage for them if they continue to make a purchase because this amount they will have will be more because usually they do it by having half because the market conditions are in stable prices and if they do it at a time when the price is like now the amount they will have will be more because they make a purchase when the price is in decline so they need to understand this so that their goal to make a purchase for their investment will be more in accordance with their goals before starting and do not let the price decline make their interest in accumulating decrease and delaying not doing this is one of the mistakes if they do it against delaying starting.

[reagansimms]

I will admit that when bitcoin dip, it can fell tempting because people know that bitcoin is valuable and they want to now get it for lower prices.  But there is a cost for that. But nobody know when the market will fall. The price can fall very well today and tomorrow the price can retarce and go back to it previous price. Nothing is guaranteed, that is why it is pointless for person to think that dip is best time to buy.

Person who is just starting should have no business timing market , their priority should be how to increase the size of their Bitcoin stash by ongoingly investing using only their discretionary income instead of trying to outwit the market.

It's difficult to know when the market price will decline. So when the price is already falling what's important is to increase our purchasing power so we can accumulate more assets to invest in for the long term. On the one hand falling prices are good for those looking to buy but for those who have already accumulated a large amount it's sometimes not so profitable. They tend to buy when the market price is stable and hasn't yet declined. This is something they can't accept. However whether we accept it or not depends on the individual as market conditions are sometimes unpredictable making us always in a stable position when making purchases especially since we certainly don't profit from the current price decline.

If we knew when the price would drop and how long it would stay at its lowest point, we would all be rich, but the fact is that even professional analysts cannot predict with 100% accuracy when the price will drop. Guessing prices is like wasting time and making you more stressed. In my opinion, the best solution is to change your perspective from price to the number of coins. Bear market is a harvest season for those who have cash.
If you want to get an average price when buying regardless of price increases/decreases, start implementing the DCA strategy. Even if you don't feel like you're profiting from the current price drop, you're profiting from the amount of assets you've consistently accumulated before the price rises again.

[Godwill888]

Of course it has to inspire them because most people have this notion that everyone has to buy a whole Bitcoin to be part of this asset class and feel discouraged to jump on the BTC boat🚢. 
But when they learn that you actually can buy your BTC in small chunks to grow your crypto portfolio,  you will certainly grow to love the crypto space as it accommodates everyone no matter the size of your pockets.

You are right Many people think dey need to buy a whole Bitcoin to get started, but that's a misconception. You can buy Bitcoin in small amount, making crypto accessable to everyone regardless of there budget.

[Obulis]

[edited out]

We are getting messy with those examples, since they mixed those different topics in the discussion. But actually the budget or sized by investors is not big deal, since I think what matter more is their approach.

If he really have that $100 fund each week, they can either choose those option that you mentioned, but I'd discourage them to do trades because maybe they might just their time and money dealing with volatile movement of the market. But if they follow those things what you have said then yeah the outcome might came out really different. Since after a decade of consistent buying or investing those people into this action could see the amazing growth of their portfolio, while those people engage on trading either got slow growth or quit because they got wiped out.

So its not actually all about which of those people have more money, but actually on their methods followed. Also about the difference of those strategies they are using. If we talk about investment especially on Bitcoin. Many people lean on long term because they already see those good effects achieved by those consistent long term investors compare to those people doing short term trades.

Of course, DCA is an investing strategy, not a trading strategy, yet guys do not have to choose 100% in one or the other, and they could pick some amount that allows them to put some amount into each, and perhaps a guy who mostly believes in investing, yet he wants to dabble in trading, then maybe he would choose to put 90% into investing and allow himself the other 10% into trading.

One of the problems that many traders have is their inability to set limits on themselves and to stick with such limits, so then they allow the limit to devolve into some amount that was not originally in their plan and the increased amount allowed for trading ends up getting more and more out of hand.  We can ONLY do so much to help them to rescue themselves from themselves, and surely from my own opinion, it could take well over a couple of cycles to see the results in terms of investing into bitcoin clearly and unequivocally beating out the trading of bitcoin and/or the screwing around with other trades and/or shitcoins.  There are always too many shiny objects that can lure traders away from investing and tempt them to put more and more value into their trading and/or their shitcoins that end up causing them to lose all or most of the money that they had allocated to those trading and/or shitcoin endeavors.

But, yeah, if they could figure out some formula that is reasonable, such as 90% to investing into bitcoin and 10% to trading/shitcoins and/or other gambling endeavors, then there likely would be no problem with their trying to build the 10% of their bitcoin value that they end up allocating to trading and/or other projects.

Indeed division of funds and putting in 90% into  investing and 10% into trading and dedication to it is a wonderful formula that will help quench trading addiction. This limit can be broken but in many cases it set a serious control to trading addiction.
While passively inputting more resources investing in hope of the definitely more better outcome that Bitcoin has to offer investors, a lover of trading is also busy exercising there feelings trading which will definitely give less results compared to investing even if more resources is inputted into trading. Such calculation is done by calculating separately the percentage input to percentage gain and at the end compared which that has more percentage gain.

To stop trading automatically means withdrawing of capital into a cold wallet, kill or delete trading apps and focus on DCA strategy.

Many people have gambling inclinations, and they even get distracted by the BTC price and/or shitcoins.

Of course, it is better if they are able to figure out some kind of a way to limit their shitcoining/trading(gambling), yet many times, they will have trouble sticking to limits, even if they self-impose what they believe to be their own "reasonable" limits.

There will be some who are able to help themselves to stop and/or to strictly stay within their limits, yet I tend to think that those are  not very common.. so they are exceptions rather than the rule.

And, yeah, at the same time, people are responsible to try to figure out themselves and to figure out reasonable systems for them to help themselves in making progress with their bitcoin investment and/or the strengthening of their cashflow management practices...and some people are better than others in regards to both identifying their own deficiencies and improving upon areas that they identify as deficient.

Honestly the ability to do self analysis which helps someone to identify their deficiencies, what they can be able to do for themselves and when they're to seek help is a profound ability, this same ability helps individual to examine peoples criticism holistically without hatred even. Consigning trading, they're able to know when to stop entirely as a result of becoming addicted or spending more than limit or their limit as the case may be. Painful how some people don't even pay attention to this ability to figure out when to stop and a reasonable system for themselves because they're so inclined to gambling that they don't see any problem with it except they are in regret of their decision.

[Proty]

I will admit that when bitcoin dip, it can fell tempting because people know that bitcoin is valuable and they want to now get it for lower prices.  But there is a cost for that. But nobody know when the market will fall. The price can fall very well today and tomorrow the price can retarce and go back to it previous price. Nothing is guaranteed, that is why it is pointless for person to think that dip is best time to buy.

Person who is just starting should have no business timing market , their priority should be how to increase the size of their Bitcoin stash by ongoingly investing using only their discretionary income instead of trying to outwit the market.

During bear market investors maybe tempted to buy more bitcoin because of the decline in price . They may end up using more than there discretionary funds for buying the dip and this is wrong because they may be forced to sell at anytime. Therefore, No matter how bitcoin dip , noone should pressure them to invest more than there financial situation can be able to without by using money that is meant for there expenses for buying the dip.
Buying the dip isn't a bad as long as investor are not waiting for the dip to occur before buying, if they are buying the dip within there financial capability by using there discretionary funds then there is nothing wrong with it.

[Sticky Bomb]

For the situation you're referring to, if we're determined to invest using the DCA method, the issue of price fluctuations is secondary. Our focus should be on how much we've accumulated, even if it's gradual.

Everything real requires a process to grow, and this isn't a waste of time if we apply it and follow it, unless it's not part of our investment plan.

Wrong! our focus should be on the quantity we're set out to accumulate which is our target and not how much we have accumulated, reasons being that focusing too much on the size of your stash might give you unnecessary contentment even though you still have a long way to go.
Feeling satisfied would jeopardize your accumulation journey and you may start being inconsistent or even stop your investment journey half-way due to the fact that you've lost focus on your target which would in turn change your priorities.
 In bitcoin accumulation journey you don't need to feel satisfied until you arrive at your target and the way to keep the desire burning is to always have your focus on the desired target and commit to the process with dedication and mind closed tightly against any negative sentiment either from the markets, social media or within you and follow up your investment journey with consistency until you arrive at your desired target.

[JayJuanGee]

For the situation you're referring to, if we're determined to invest using the DCA method, the issue of price fluctuations is secondary. Our focus should be on how much we've accumulated, even if it's gradual.

Everything real requires a process to grow, and this isn't a waste of time if we apply it and follow it, unless it's not part of our investment plan.

Wrong! our focus should be on the quantity we're set out to accumulate which is our target and not how much we have accumulated, reasons being that focusing too much on the size of your stash might give you unnecessary contentment even though you still have a long way to go.
Feeling satisfied would jeopardize your accumulation journey and you may start being inconsistent or even stop your investment journey half-way due to the fact that you've lost focus on your target which would in turn change your priorities.
 In bitcoin accumulation journey you don't need to feel satisfied until you arrive at your target and the way to keep the desire burning is to always have your focus on the desired target and commit to the process with dedication and mind closed tightly against any negative sentiment either from the markets, social media or within you and follow up your investment journey with consistency until you arrive at your desired target.

I am not sure that I understand your distinction @Sticky Bomb.  What are you arguing exactly?

How do you know if you have enough or not?

I have my own ways of assessing it, yet even my own ways of assessing it have changed through the years, so it is not an easy path to figure out your target level of bitcoin accumulation, to the extent that you are close to it, and/or whether your bitcoin accumulation tactics might need to be changed based on how many bitcoin you had already accumulated (or maybe based on how much you had already put into bitcoin?). 

Maybe you can give some example of what might be enough and what might not be enough?

It might be different for someone like you, @Sticky Bomb and someone like suhadi88 - since you have been in bitcoin presumptively since February 2024, yet if we go by suhadi88's registration date, suhadi88 has been in bitcoin since July 2017.

Maybe we can use a July 2017 accumulation date and describe some scenarios of someone who had been accumulating bitcoin since July 2017.

Do I need to outline it for you?

Let's say that a guy in his mid-30s with an income that was about $30k per year started accumulating bitcoin in July 2017 at $100 per week and his goal was to be able to start to live off of his bitcoin - how much bitcoin does he need?

I will give you a hint.  The above guy would have had invested just over $47k, and he would have about 3.4 BTC.  It is not a bad amount of BTC, yet I am not going to answer for you in regards to whether it is enough or not, since that is that part of the question that I am asking you to talk about.

By the way, when a guy had been accumulating bitcoin for less than a whole cycle, it is quite likely that he should continue to stay focused on bitcoin accumulation, yet if it is possible that guys have been accumulating for more than 2 cycles, there start to become decent possibilities that he might be getting to a position of having enough or more than enough bitcoin.  Don't get me wrong, there also could be some guys who have been in bitcoin for less than a whole cycle who might also have had been able to front load their investment, and they might be in a position where they are starting to consider that they have enough or more than enough bitcoin to change their bitcoin accumulation strategy, even though they might not yet be in a position to start to sell any of their bitcoin, yet even those kinds decisions might not be really clear when guys start to reach bitcoin accumulation amounts they consider to be enough or more than enough (even if they might be wrong in their assessments of their own statuses).

[G_Besar]

---

You are right Many people think dey need to buy a whole Bitcoin to get started, but that's a misconception. You can buy Bitcoin in small amount, making crypto accessable to everyone regardless of there budget.

Only beginners to Bitcoin might think that way, as most people who have been familiar with Bitcoin for a while already know that Bitcoin can be purchased in smaller amounts or with relatively small capital. So, for those new to Bitcoin, it's a good idea to understand this in more detail so they can confidently buy with small capital without having to wait to accumulate a large amount. By the way, it's better not to use the term "crypto" if you only want to talk about Bitcoin, as the term "crypto" has become too general and encompasses more than just Bitcoin.

[Nwaswago]

---

You are right Many people think dey need to buy a whole Bitcoin to get started, but that's a misconception. You can buy Bitcoin in small amount, making crypto accessable to everyone regardless of there budget.

Only beginners to Bitcoin might think that way, as most people who have been familiar with Bitcoin for a while already know that Bitcoin can be purchased in smaller amounts or with relatively small capital. So, for those new to Bitcoin, it's a good idea to understand this in more detail so they can confidently buy with small capital without having to wait to accumulate a large amount. By the way, it's better not to use the term "crypto" if you only want to talk about Bitcoin, as the term "crypto" has become too general and encompasses more than just Bitcoin.

The misconception that you need to buy a whole Bitcoin discourages many beginners from getting started. In reality, Bitcoin is divisible, so anyone can start with whatever amount they can comfortably afford.While starting with more capital may result in larger gains if Bitcoin appreciates, it isn't a requirement for successful investing. For people with limited discretionary income, consistently buying small amounts through a DCA strategy is often a more practical approach. It removes the pressure of trying to time the market and helps build the habit of long-term accumulation.What matters most isn't how much you start with, but whether you can invest consistently without putting your finances under unnecessary pressure.

[Akaenyi]

---

You are right Many people think dey need to buy a whole Bitcoin to get started, but that's a misconception. You can buy Bitcoin in small amount, making crypto accessable to everyone regardless of there budget.

Only beginners to Bitcoin might think that way, as most people who have been familiar with Bitcoin for a while already know that Bitcoin can be purchased in smaller amounts or with relatively small capital. So, for those new to Bitcoin, it's a good idea to understand this in more detail so they can confidently buy with small capital without having to wait to accumulate a large amount. By the way, it's better not to use the term "crypto" if you only want to talk about Bitcoin, as the term "crypto" has become too general and encompasses more than just Bitcoin.

I agree that using the term "crypto" in a thread like this that the discussion is specifically about Bitcoin means derailing from the topic because it is about how DCA strategy inspires newbies to invest in "Bitcoin". Using DCA strategy to accumulate shitcoins is a very costly mistake because the newbie is gambling their funds on scam projects which were created to rug pull investors much sooner than later. There is no need to be under pressure to DCA with any perticular amount, guys have to figure out amount that is convenient for them to do their DCA accumulation, you also don't have to compare your DCA strategy with anybody because our income and basic needs are not the same.

[Rhow]

Of course it has to inspire them because most people have this notion that everyone has to buy a whole Bitcoin to be part of this asset class and feel discouraged to jump on the BTC boat🚢. 
But when they learn that you actually can buy your BTC in small chunks to grow your crypto portfolio,  you will certainly grow to love the crypto space as it accommodates everyone no matter the size of your pockets.

You are right Many people think dey need to buy a whole Bitcoin to get started, but that's a misconception. You can buy Bitcoin in small amount, making crypto accessable to everyone regardless of there budget.

We are discussing Bitcoin here so the word crypto is completely meaningless here. I know that you mean Bitcoin by crypto, but it should be clearer. So that newbies do not misunderstand Bitcoin. Because the word crypto includes hype, fake projects, scams, tokens, shitcoins. Even these usually cannot store value in the long term. But Bitcoin is completely different. Even if there is volatility in the Bitcoin market, it can store value at some point. I do not want to talk about profit, at least if you want to keep your savings safe in the long term, Bitcoin will give you that opportunity. So next time if your intention is to say crypto to mean Bitcoin, then try to say it clearly as Bitcoin.

[Sticky Bomb]

For the situation you're referring to, if we're determined to invest using the DCA method, the issue of price fluctuations is secondary. Our focus should be on how much we've accumulated, even if it's gradual.

Everything real requires a process to grow, and this isn't a waste of time if we apply it and follow it, unless it's not part of our investment plan.

Wrong! our focus should be on the quantity we're set out to accumulate which is our target and not how much we have accumulated, reasons being that focusing too much on the size of your stash might give you unnecessary contentment even though you still have a long way to go.
Feeling satisfied would jeopardize your accumulation journey and you may start being inconsistent or even stop your investment journey half-way due to the fact that you've lost focus on your target which would in turn change your priorities.
 In bitcoin accumulation journey you don't need to feel satisfied until you arrive at your target and the way to keep the desire burning is to always have your focus on the desired target and commit to the process with dedication and mind closed tightly against any negative sentiment either from the markets, social media or within you and follow up your investment journey with consistency until you arrive at your desired target.

I am not sure that I understand your distinction @Sticky Bomb.  What are you arguing exactly?

In simpler terms what I'm arguing is that the main focus of a serious investor should not be on how much he's accumulated just like suhadi88 proclaimed in my bolded text, but on The quantity he's set out to accumulate and keep on adding to his portfolio until he arrives at it. I believe where we place our focus matters, because focusing so much on our current success more than the actual target ahead may induce an unnecessary sense of satisfaction which may lead to lack of focus and action, especially if you've stacked up for a while but yet to reach your accumulation target, so my argument is that it is better to focus on your accumulation target and strive to achieve it within your holding period, rather than focusing so much on your already accumulated stash and as a result loose sight of your initial target.

[Tonimez]

For the situation you're referring to, if we're determined to invest using the DCA method, the issue of price fluctuations is secondary. Our focus should be on how much we've accumulated, even if it's gradual.

Everything real requires a process to grow, and this isn't a waste of time if we apply it and follow it, unless it's not part of our investment plan.

Wrong! our focus should be on the quantity we're set out to accumulate which is our target and not how much we have accumulated, reasons being that focusing too much on the size of your stash might give you unnecessary contentment even though you still have a long way to go.
Feeling satisfied would jeopardize your accumulation journey and you may start being inconsistent or even stop your investment journey half-way due to the fact that you've lost focus on your target which would in turn change your priorities.
 In bitcoin accumulation journey you don't need to feel satisfied until you arrive at your target and the way to keep the desire burning is to always have your focus on the desired target and commit to the process with dedication and mind closed tightly against any negative sentiment either from the markets, social media or within you and follow up your investment journey with consistency until you arrive at your desired target.

I am not sure that I understand your distinction @Sticky Bomb.  What are you arguing exactly?

In simpler terms what I'm arguing is that the main focus of a serious investor should not be on how much he's accumulated just like suhadi88 proclaimed in my bolded text, but on The quantity he's set out to accumulate and keep on adding to his portfolio until he arrives at it. I believe where we place our focus matters, because focusing so much on our current success more than the actual target ahead may induce an unnecessary sense of satisfaction which may lead to lack of focus and action, especially if you've stacked up for a while but yet to reach your accumulation target, so my argument is that it is better to focus on your accumulation target and strive to achieve it within your holding period, rather than focusing so much on your already accumulated stash and as a result loose sight of your initial target.

Well, I don't see any much difference about focusing on your target instead of the accumulated bitcoin because at the end, the distance between your current portfolio and your accumulation target will involve subtracting your accumulated bitcoin from your accumulation target. It is better to even focus on your accumulation process (DCA), instead of focusing either on your accumulated bitcoin or your accumulation target to be able to avoid getting pressured. If you focus on your accumulation process instead of accumulation target, you may wake up one day to realise that you have even exceeded your accumulation target without putting yourself under pressure that comes with knowing that you still have a long way to go.

In summary; Focusing on your accumulated bitcoin can cause laziness while focusing on your accumulation target can cause pressure (wanting to go overly aggressive) which may ruin your entire portfolio.

[Odohu]

I am not sure that I understand your distinction @Sticky Bomb.  What are you arguing exactly?

In simpler terms what I'm arguing is that the main focus of a serious investor should not be on how much he's accumulated just like suhadi88 proclaimed in my bolded text, but on The quantity he's set out to accumulate and keep on adding to his portfolio until he arrives at it. I believe where we place our focus matters, because focusing so much on our current success more than the actual target ahead may induce an unnecessary sense of satisfaction which may lead to lack of focus and action, especially if you've stacked up for a while but yet to reach your accumulation target, so my argument is that it is better to focus on your accumulation target and strive to achieve it within your holding period, rather than focusing so much on your already accumulated stash and as a result loose sight of your initial target.

People start investing and holding Bitcoin for different reasons and purposes. There are people who wants to stash at least 10 BTC before they retire from active service, this set of people set their target base on quantity of Bitcoin. There also people whose strategy is to invest at least 20% of their income into Bitcoin, this set of people do not care about the quantity of Bitcoin that will give them and as long as they continue to invest 20% of their income into Bitcoin, they are satisfied. I don't think there should be argument on what constitute a target, what we should be discussing is the process for which JJG have made a fantastic strategy which we can tailor to individual needs and do better with our Bitcoin accumulation.

[Sonia_123]

Of course it has to inspire them because most people have this notion that everyone has to buy a whole Bitcoin to be part of this asset class and feel discouraged to jump on the BTC boat🚢. 
But when they learn that you actually can buy your BTC in small chunks to grow your crypto portfolio,  you will certainly grow to love the crypto space as it accommodates everyone no matter the size of your pockets.

You are right Many people think dey need to buy a whole Bitcoin to get started, but that's a misconception. You can buy Bitcoin in small amount, making crypto accessable to everyone regardless of there budget.

Buying Bitcoin in small amount means you are starting with your discretionary income using the dca strategy which helps you build up your investment gradually without stress as long as you are not being pressured into by your expenses or see bitcoin investment as a tool of an escape from your cashless way of life which will not be helpful at all because you will be forced to sell your investment premature because of financial constraints to meet up your expenses leaving you to be a low or a no coiner which will not be advicible for a newbie to start with that way of investment instead if you don't have funds to start investing you have to get it or not start what you cannot finish.

All you need to start investing with is your discretionary income and continuously with dca until you are financially okay to adopt any other strategy if you wish to if not continuing dca because it is not only meant for the low class or newbies but for everyone .