Does the DCA strategy inspire newbies to invest?

[Sticky Bomb]

That's correct. I agree, newbies and those in the industry for years are doing the DCA method, mostly on Bitcoin and other top alts only. Even millionaires do DCA. So, DCA is not only for newbies or low-income earners but for all different kinds of investors. But of course, don't expect too much or expect a high return if your budget is low, especially if you are doing DCA on Bitcoin. Since your investment is low, most probably the ROI is also low. But if ever, don't think DCA is not worth it. Don't get discouraged. A profit is still a profit. It's better than nothing.

What you've said is right, but someone with a low budget shouldn't be discouraged however be determined to hold longer as well as working hard enough to generate more discretionary income, i don't expect that a low income earner should just relax for years without trying to get other income source and increase the discretionary funds.

Increasing discretionary income can come from managing cashflow better to reduce expenses, what some people need to produce more discretionary income is to stop being careless by spending on what is irrelevant, if guys can be more meticulous with managing funds, they'll be amazed at the funds they can save from their expenses budget which they can put back into their discretionary income.

Anyways Bitcoin investment is not a competition and hopefully a low income earner can get good returns in future and change his or her financial status.

Bitcoin investment is a personal journey, trying to measure up with others can be counterproductive since you don't have same income size or expenses with the person and you may find yourself struggling to sustain your investment journey which defeats the motive of using DCA strategy. DCA strategy helps to eliminate financial pressure and stress while you buy and hold bitcoin. If you find yourself struggling to sustain your investment, then you are DCAing wrongly, you should DCA from a place of comfort and not competition.

[Fadhil Pahlawadi]

Increasing discretionary income can come from managing cashflow better to reduce expenses, what some people need to produce more discretionary income is to stop being careless by spending on what is irrelevant, if guys can be more meticulous with managing funds, they'll be amazed at the funds they can save from their expenses budget which they can put back into their discretionary income.

If we don't overly follow a lifestyle, our expenses will be more stable, and we'll only use them for areas that benefit our personal needs. This isn't simply a matter of restricting ourselves from our lifestyle, but rather because our income is quite limited. Unless we act recklessly, we know we have ample income from various sources. This doesn't mean we can't afford to indulge in a lifestyle like buying luxury and branded clothes. If we suddenly need something, we're prepared to cover it, as we have the ability to cover unexpected needs.

[PhilosopherKing]

The quest to make profit is what distract most newbie in Bitcoin investment. I know the reason, I mean the primary reason everyone is investing in Bitcoin is to make profit and also to stay away from inflation but thinking about profit or putting it in forefront is not good for a newbie because this will make them make some unnecessary decisions and mistake that they should not. What a newbie should focus on is how to grow their portfolio and hold for a long period of time.

You don't know what everyone is thinking or what they want, so just speak for yourself bruh instead of acting like you know what everyone want. Profit and escaping inflation is just a tip of the iceberg because there can be a lots of other reason why person can choose to go into bitcoin. If you think bitcoin is only because of profit and avoiding inflation then does that mean that persons who is rich and stays in a country where there is little to zero inflation don't need bitcoin huh? Because this persons got their wealth already and inflation is not much of a problem for them.

Bitcoin is for everyone IMO, whether you are a black or white  or yellow or rich or poor or fat or slim, or whether you are for a developed or undeveloped country, they all have a chance at bitcoin. Apart from those you mentioned, bitcoin can give person financial freedom, be used for international payment and transaction, it makes you not to rely on any authority, some person can even want in on bitcoin because of the 21 supply cap, lots and lots of things to gain in bitcoin.

[Obulis]

The essence of the DCA type of investment is for small income earners or those with small discretionary, it gives them the ability to invest the little amount they have with zero stress because they can decide to increase the amount they invest with at any given time when their earnings is increased. The only thing a small income earn needs is to be consistent with his DCA the amount he is using can be increased over time but they have to have a stable income so they do not have to invest this week and expect to invest in the next 5 months the amount they will accumulate will be very little.

The DCA strategy works for all classes of people, it is effective for both rich and poor. There are many who do excessive research on the market to invest despite having enough money, but due to such wastage of time, they are missing out on current opportunities. However, investing through the DCA strategy is better because it will help you maintain continuity without worrying too much about the market. It is important to have a long-term plan for investment and financial transparency is also important. To invest without any excuses, it is important to start from the present and complete it in the long term as the main goal.

In as much as DCAing encourages low income earners to invest in Bitcoin, DCA strategy serve a more general benefits to all users rich or poor. DCA strategy removes the stress associated with timing the market before buying, it develops financial management or discipline in the investor and removes totally the emotions that goes with buying of Bitcoin and provides automatic opportunity to buy the dip without timing or waiting for it.

[Loyang]

Increasing discretionary income can come from managing cashflow better to reduce expenses, what some people need to produce more discretionary income is to stop being careless by spending on what is irrelevant, if guys can be more meticulous with managing funds, they'll be amazed at the funds they can save from their expenses budget which they can put back into their discretionary income.

If we don't overly follow a lifestyle, our expenses will be more stable, and we'll only use them for areas that benefit our personal needs. This isn't simply a matter of restricting ourselves from our lifestyle, but rather because our income is quite limited. Unless we act recklessly, we know we have ample income from various sources. This doesn't mean we can't afford to indulge in a lifestyle like buying luxury and branded clothes. If we suddenly need something, we're prepared to cover it, as we have the ability to cover unexpected needs.

There are many people who cannot find a source of discretionary income, because they cannot manage their finances properly. Every person needs to manage their financial situation properly and stop all unnecessary expenses. If they are able to stop such unnecessary expenses, then they will be able to find a source of discretionary income and if a person did not find a source of discretionary income before, then he will be able to find a source of discretionary income by stopping these unnecessary expenses.

Unnecessary expenses such as drinking alcohol, smoking too much, spending money on extra friends, etc. If we are able to bring all these expenses under control, then surely we will be able to invest that amount of money in Bitcoin