Does the DCA strategy inspire newbies to invest?

[Abbatty]

You are right, having an emergency fund can help someone to maintain DCA for years. And that is why it's best for people to have everything set up before adopting this strategy because that will allow them to continue their DCA journey without any pressure or interruption, because their emergency funds can support them with their basic needs. Although the emergency fund might not be enough, which people still need to engage in other activities or businesses that will be used as their emergency expenses.

You don't have to have everything set out in place before starting you bitcoin investment because that may delay you accumulate and in most cases you might not even start at all, so it's more better to put your emergency funds in place alongside your Bitcoin accumulation, that way it would be a lot easier and encouraging, than waiting to first put down you emergency funds first, which might take a very long time to accomplish , and may derail your zeal to invest, so starting your Bitcoin investment right away and be putting down your back up funds alongside it is the best.

Exactly, most people always mistake this, they think they need to have emergency fund and reserve funds set aside before starting their accumulation of bitcoin, but it not like  that, all you need is to have a discretionary income and you can start. Some people even suggest that you don’t even need a steady income. Sometimes trying to get everything ready before starting delays accumulation and even sometimes not allow someone to start.

As a newbie it always advice To use the DCA strategy, and lump sum when you have boost in your discretionary income. Emergency plays a huge part in our investment but we Should not allow it to delay our investment.

[samadam007]

While DCA is a good strategy for those with a regular income, in my opinion it is not the only or best strategy for everyone. Because DCA may be suitable for some, while lump-sum or dip buying or some other strategy may be more suitable for others. Why follow only one strategy? DCA may be a good strategy for beginners, but not everyone's financial situation, risk tolerance and investment goals are the same. Therefore, it is not right to say or assume that the same strategy will be suitable for everyone.

I don't see any other strategy that comes close to DCA…. talking about an easy and consistent way of accumulating Bitcoin. It works for folks with different type of income (regular or irregular, beginner or not), because the amount can be adjusted to what the person can comfortably afford. Being rich or poor does not remove benefits of one having a consistent plan.

Another good thing about DCA is flexibility aspect. If person has extra fund at some point, he can choose to buy more during dips while still following his DCA plan. Some folks use lump sum for that, depending in the amount of extra fund that’s available. You don’t have to replace them with DCA or talk down on it because you’re ignorant and don’t want to make research. Relying on only lump sum and dip buying you mentioned is nothing but guess work. Nobody can predict all of that and that’s the advantage of DCA.
With DCA, you have no business trying to time the market; just let your regular buying do its work over time.

[Gost ms]

Exactly, most people always mistake this, they think they need to have emergency fund and reserve funds set aside before starting their accumulation of bitcoin, but it not like  that, all you need is to have a discretionary income and you can start. Some people even suggest that you don’t even need a steady income. Sometimes trying to get everything ready before starting delays accumulation and even sometimes not allow someone to start.

As a newbie it always advice To use the DCA strategy, and lump sum when you have boost in your discretionary income. Emergency plays a huge part in our investment but we Should not allow it to delay our investment.

A person who buys and sells on the short-term price movement is never an investor, but a trader. If a person decides to sell Bitcoin before the expiry of the period, seeing the price increase, then it is not a right decision at all. Always hold it for the long term and when your investment period ends, you can decide to sell. But it is not a right decision for a person to sell his entire holding.

If a person faces some kind of emergency while starting investment and if he is not able to find a source of discretionary income, then it will never be a right decision for him to start investing. A person should first determine his financial security and only then can he start investing. It is never a right decision to start investing without determining financial security.