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Author Topic: Does the DCA strategy inspire newbies to invest?  (Read 5495 times)
EarnOnVictor
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Today at 10:20:17 AM
 #581

Bitcoin is a long-term investment, and if you are managing to just hold and sell out during small increases when the price of Bitcoin rises, it means you are not ready to invest.
You are very wrong about this. It's cool if you consider your Bitcoin investment long-term, it's your choice. But it's never a yardstick or basis to condemn other approaches. And in case you don't know, many approaches have proven to be way more profitable than HODLing in recent times, and Bitcoin is no more at $50 where HODLing could be a hack for riches.

Buying your Bitcoin to liquidate it at a preplanned date or price is never a lack of readiness as you claimed, and I tell you for free, buying and HODLing your Bitcoin doesn't also guarantee more earnings. All that matters is: 1. Your striking price and 2. time (which could be smart).

A snippet of that are those who bought in Q4 of 2022 and Q1 of 2023, and sold it in Q4 of 2025. They raced inline with the: 1. Price and 2. Season (time). However, this is not an abandonment of Bitcoin, but will reinvest at a later Time, with a better Price and Season (bullish). This is what I called smartness, as it maximises profit and lowers the risk of long-term exposure.

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Today at 10:40:04 AM
 #582

In fact, setting goals in itself is not a problem for us. Rather, if we do not have goals, our investments become unplanned. But our plan should be measurable, time-based and consistent with our own financial reality. Many start by saying they want 1 BTC. But I think the question should be what timeframe, in what method and what percentage of income should be at risk? Because even though Bitcoin is a strong asset in the long term, drawdowns of up to 50/60% in the middle are not uncommon. So we should set goals that do not break us mentally even in a major market decline and do not have to sell compulsively.

1 BTC is undoubtedly a symbolic milestone. But the value of assets should not be seen only in numbers. Rather, it should be in the continuity of our achievements. Even being able to hold 0.05 or 0.1 BTC regularly and safely can be a big success for many. The reality is that most investors fail by increasing their risk in the pursuit of excess returns.

 And competition does not yield good results in investment. It is more logical for us to set goals by understanding our cash flow, liabilities, and timeframe.
I really don't like suggesting that folks set out with the idea of having a goal.. Here is what I think, things could happen such as income increase/decrease, increased/ decreased level of conviction and whatnot and this could entirely change the goal that anyone set out with... Some folks may have started out with a goal, but today they are accumulating with an entirely different goal because of the unexpected changes they experienced in life...

That's why I think that folks should just get their accumulation started with their discretionary income instead of delaying because they are creating a goal/plan, and in the course of investing they could try and figure out their investing capacity, and from there start having a target . Also goals/plans dosen't have to be fixed it could made flexible in such a way that it becomes easy to change if need be...
setting a goal isn't a bad idea as it may encourage some investors to be consistent with there bitcoin accumulation. However this doesn't mean that it is a must to achieve the goals within a set timeline. There can always be room for adjustment incase if they are unable to achieve this goals before the timeline they set for themselves. Having a goal will make an investor to remain focus in there bitcoin investment and they can't be easily distracted they can also make amendments. There goals shouldn't be rigid that it can be changed, it should be flexible such that it will reflect in coming cash.

Of course, one should be interested in investing in Bitcoin, but the person whose plan is stronger and indicates better in the future is definitely the most interested in investing in Bitcoin. Only planning can strengthen Bitcoin investment, so before investing in Bitcoin, one must plan well, so that Bitcoin investment can be sustained for a long time. And according to the DCA method, Bitcoin becomes easier to hold for a long time, so following the right plan and DCA method will definitely lead to success in Bitcoin investment.

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Today at 01:27:55 PM
 #583

And in case you don't know, many approaches have proven to be way more profitable than HODLing in recent times, and Bitcoin is no more at $50 where HODLing could be a hack for riches.
Can you give me a hypothesis of someone who sells his bitcoin because of profits and buy back again that made more profit than those who are only buying through DCA and hodli for more than two circles. I haven't seen where the wash and rinse pattern is more profitable than a long-term bitcoin hodler.

Quote
Buying  Bitcoin to liquidate it at a preplanned date or price is never a lack of readiness as you claimed, and I tell you for free, buying and HODLing your Bitcoin doesn't also guarantee more earnings. All that matters is: 1. Your striking price and 2. time (which could be smart).
From the price history of bitcoin, the price of bitcoin increases overtime. Therefore, buying and hodli your bitcoin for long term and continue adding more stash to it through DCA will increase your profits overtime due to the compounding effect of your bitcoin portfolio. Even though, profits isn't guaranteed in future, but the odd of the price of bitcoin moving uptrend is higher than moving down thread. Profit isn't guaranteed in trading too.

Quote
A snippet of that are those who bought in Q4 of 2022 and Q1 of 2023, and sold it in Q4 of 2025. They raced inline with the: 1. Price and 2. Season (time). However, this is not an abandonment of Bitcoin, but will reinvest at a later Time, with a better Price and Season (bullish). This is what I called smartness, as it maximises profit and lowers the risk of long-term exposure.
Buying and selling in less than a circle isn't investing but trading. It seems that you don't know the difference. For you to be investing, you should be able to hodli for at least a circle that is when your fate will be tested. No one needs to test your fate because you will always fall to take profits and you are not a long-term investor.

However, everyone is different towards how they go about with their bitcoin portfolio. For me, I cannot accumulate little by little with DCA and sell during the bull run to buy back because I can't start from the scratch again. Why will I destroy what I have taken my time to build for long in few weeks. I prefer to continue hodli and accumulate more with DCA till I reach my bitcoin target.

Your profits isn't running so why in a rush to sell and start stressing again when you're supposed to only focus on buying more so that your portfolio will be on a steady rise and you can also enjoy from the compounding effect of your portfolio. Traders always claim to be smart even when you're on losses. Don't focus on profits, or time when to sell but have a bitcoin target and focus on reaching your bitcoin target.

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Today at 02:40:03 PM
 #584

setting a goal isn't a bad idea as it may encourage some investors to be consistent with there bitcoin accumulation. However this doesn't mean that it is a must to achieve the goals within a set timeline[/b]. There can always be room for adjustment incase if they are unable to achieve this goals before the timeline they set for themselves. Having a goal will make an investor to remain focus in there bitcoin investment and they can't be easily distracted they can also make amendments. There goals shouldn't be rigid that it can be changed, it should be flexible such that it will reflect in coming cash.
Am really not against setting goals. Infact here is what I think: Folks could do whatever they feel comfortable with, even those thing that may very well be detrimental to their investments... But then I believe that once folks have their discretionary income at hand, they should start immediately instead of wasting their time drafting a perfect plan which could very well change later in the future due to various reasons....

The future cannot be predicted neither can it be know for certain, and if folks spend their entire time delaying their investments just coz they are crafting the perfect plan of the amount of Bitcoin they plan to hold and whatnot, that could very well be wrong... This is because anything can happen in the futurem That investor may get sick or maybe possibly loose interest in Bitcoin accumulation(which is very wrong), and this changes will definitely affect the initial plans that they spent months or years to draft out....

That's why I like suggesting that folks start irrespective of how small their discretionary income is and later on, they could very well figure out other things later after already getting involved...

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Today at 03:21:22 PM
 #585


Am really not against setting goals. Infact here is what I think: Folks could do whatever they feel comfortable with, even those thing that may very well be detrimental to their investments... But then I believe that once folks have their discretionary income at hand, they should start immediately instead of wasting their time drafting a perfect plan which could very well change later in the future due to various reasons....

The future cannot be predicted neither can it be know for certain, and if folks spend their entire time delaying their investments just coz they are crafting the perfect plan of the amount of Bitcoin they plan to hold and whatnot, that could very well be wrong... This is because anything can happen in the futurem That investor may get sick or maybe possibly loose interest in Bitcoin accumulation(which is very wrong), and this changes will definitely affect the initial plans that they spent months or years to draft out....

That's why I like suggesting that folks start irrespective of how small their discretionary income is and later on, they could very well figure out other things later after already getting involved...
You are right people shouldn't allow setting of goals to delay them from starting there bitcoin investment provided the discretionary income is available for them to do so. As much as setting of goals may make them to remain focus, as people tends to be distracted without a targeted goals in mind.
It is good while ongoingly with bitcoin accumulation to always setup a goal to avoid negligence and lack of focus as a result of not having a goal/ plans that will act as guide towards having a successful investment in bitcoin. However, goals shouldn't deter us from investing and we can also change goals if something unexpected should crop up to derail our goals.
The goals should include how long you plan to hold as this helps to avoid been impulsive and to sell due to market trends. Were goals isn't know investors may be push around by market trends, selling when they are not supposed to.

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Today at 03:31:40 PM
 #586

setting a goal isn't a bad idea as it may encourage some investors to be consistent with there bitcoin accumulation. However this doesn't mean that it is a must to achieve the goals within a set timeline[/b]. There can always be room for adjustment incase if they are unable to achieve this goals before the timeline they set for themselves. Having a goal will make an investor to remain focus in there bitcoin investment and they can't be easily distracted they can also make amendments. There goals shouldn't be rigid that it can be changed, it should be flexible such that it will reflect in coming cash.
Am really not against setting goals. Infact here is what I think: Folks could do whatever they feel comfortable with, even those thing that may very well be detrimental to their investments... But then I believe that once folks have their discretionary income at hand, they should start immediately instead of wasting their time drafting a perfect plan which could very well change later in the future due to various reasons....

The future cannot be predicted neither can it be know for certain, and if folks spend their entire time delaying their investments just coz they are crafting the perfect plan of the amount of Bitcoin they plan to hold and whatnot, that could very well be wrong... This is because anything can happen in the futurem That investor may get sick or maybe possibly loose interest in Bitcoin accumulation(which is very wrong), and this changes will definitely affect the initial plans that they spent months or years to draft out....

That's why I like suggesting that folks start irrespective of how small their discretionary income is and later on, they could very well figure out other things later after already getting involved...

It is very important to realize that everything must not be perfectly well planned before starting, people can have various reasons for not starting including this one wanting everything to be be perfect first but that is capable of retarding what would have been obtainable, bitcoin investment is not a rigid and tedious kind of investment, it is flexible in such a way that over times one can reevaluate their overall system of their investment with manner of approach that will be convenient for them.

 
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Today at 03:48:27 PM
 #587

setting a goal isn't a bad idea as it may encourage some investors to be consistent with there bitcoin accumulation. However this doesn't mean that it is a must to achieve the goals within a set timeline[/b]. There can always be room for adjustment incase if they are unable to achieve this goals before the timeline they set for themselves. Having a goal will make an investor to remain focus in there bitcoin investment and they can't be easily distracted they can also make amendments. There goals shouldn't be rigid that it can be changed, it should be flexible such that it will reflect in coming cash.
Am really not against setting goals. Infact here is what I think: Folks could do whatever they feel comfortable with, even those thing that may very well be detrimental to their investments... But then I believe that once folks have their discretionary income at hand, they should start immediately instead of wasting their time drafting a perfect plan which could very well change later in the future due to various reasons....

The future cannot be predicted neither can it be know for certain, and if folks spend their entire time delaying their investments just coz they are crafting the perfect plan of the amount of Bitcoin they plan to hold and whatnot, that could very well be wrong... This is because anything can happen in the futurem That investor may get sick or maybe possibly loose interest in Bitcoin accumulation(which is very wrong), and this changes will definitely affect the initial plans that they spent months or years to draft out....

That's why I like suggesting that folks start irrespective of how small their discretionary income is and later on, they could very well figure out other things later after already getting involved...

It is very important to realize that everything must not be perfectly well planned before starting, people can have various reasons for not starting including this one wanting everything to be be perfect first but that is capable of retarding what would have been obtainable, bitcoin investment is not a rigid and tedious kind of investment, it is flexible in such a way that over times one can reevaluate their overall system of their investment with manner of approach that will be convenient for them.

Bitcoin investment is not a pressure investment, rather it is an investment to maintain consistently without pressure. It is light if you take it lightly, it is not something that can have a negative impact on our daily lives in maintaining it. It is an independent investment, here you have to invest any amount of money freely according to your financial freedom, there is no obligation, then there should be no reason to be pressured here. Thinking of it as pressure will depend entirely on your mindset, because when we decide to invest in DCA, it is an independent strategy, and here we can manage our investment according to our own freedom. So don't worry too much, it is easy and if we can develop the mindset of managing it lightly, we can easily maintain it in the long term.


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Today at 04:52:57 PM
 #588

setting a goal isn't a bad idea as it may encourage some investors to be consistent with there bitcoin accumulation. However this doesn't mean that it is a must to achieve the goals within a set timeline[/b]. There can always be room for adjustment incase if they are unable to achieve this goals before the timeline they set for themselves. Having a goal will make an investor to remain focus in there bitcoin investment and they can't be easily distracted they can also make amendments. There goals shouldn't be rigid that it can be changed, it should be flexible such that it will reflect in coming cash.
Am really not against setting goals. Infact here is what I think: Folks could do whatever they feel comfortable with, even those thing that may very well be detrimental to their investments... But then I believe that once folks have their discretionary income at hand, they should start immediately instead of wasting their time drafting a perfect plan which could very well change later in the future due to various reasons....

The future cannot be predicted neither can it be know for certain, and if folks spend their entire time delaying their investments just coz they are crafting the perfect plan of the amount of Bitcoin they plan to hold and whatnot, that could very well be wrong... This is because anything can happen in the futurem That investor may get sick or maybe possibly loose interest in Bitcoin accumulation(which is very wrong), and this changes will definitely affect the initial plans that they spent months or years to draft out....

That's why I like suggesting that folks start irrespective of how small their discretionary income is and later on, they could very well figure out other things later after already getting involved...

It is very important to realize that everything must not be perfectly well planned before starting, people can have various reasons for not starting including this one wanting everything to be be perfect first but that is capable of retarding what would have been obtainable, bitcoin investment is not a rigid and tedious kind of investment, it is flexible in such a way that over times one can reevaluate their overall system of their investment with manner of approach that will be convenient for them.
It would be foolish to want to do everything perfectly first because everyone has different problems or wants to develop things differently. You are right that Bitcoin investment is not rigid, it is very flexible and comfortable to make with your patience. For this, you need to evaluate things objectively and structurally and accumulate within an available time. You are aware of your financial capacity but it would be better not to try to shorten the long term investment under the pretext of reassessment. The overall system can be reassessed if you can convert the Bitcoin trading strategy into a long term investment for short term and higher profits.

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Today at 05:36:54 PM
 #589

For new investors, it is safe to start with small amounts and gradually move forward with the DCA method, but you need to be careful whether there is any left after deducting the necessary expenses. If you do not manage your cash flow, even small amounts of money can be lost. It is better to make small transactions at first until you gain sufficient knowledge about the exchange, wallet and Bitcoin system. If someone wants to buy, say $10 per week, then he first needs to know how much money he has on hand after his expenses. It is not necessary to know everything before starting to invest, but it is wise to have a basic idea.
This is what some new investors don't like to hear when they heard about BTC investment, because it will make them to begin to see BTC as a easy investment you can turn to a wealthy woman or Man overnight. When you started with small amount of money on BTC it will make you to be focus to see what will come out from the investment, because that is what will make you to know if you are progressing or not before you can apply another strategy that will make you to choose one you  will be using to make profit.

Not that some new investors don't have plenty money to invest in BTC, just that they want to see the first result that will make them to increase money, because if there is no improvement in their investment, it will be hard for you to advise them to increase their capital, because they will not agree with you base on what they are experiencing from their BTC investment.


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Today at 05:41:41 PM
 #590

Bitcoin is a long-term investment, and if you are managing to just hold and sell out during small increases when the price of Bitcoin rises, it means you are not ready to invest.
You are very wrong about this. It's cool if you consider your Bitcoin investment long-term, it's your choice. But it's never a yardstick or basis to condemn other approaches. And in case you don't know, many approaches have proven to be way more profitable than HODLing in recent times, and Bitcoin is no more at $50 where HODLing could be a hack for riches.

Buying your Bitcoin to liquidate it at a preplanned date or price is never a lack of readiness as you claimed, and I tell you for free, buying and HODLing your Bitcoin doesn't also guarantee more earnings. All that matters is: 1. Your striking price and 2. time (which could be smart).

A snippet of that are those who bought in Q4 of 2022 and Q1 of 2023, and sold it in Q4 of 2025. They raced inline with the: 1. Price and 2. Season (time). However, this is not an abandonment of Bitcoin, but will reinvest at a later Time, with a better Price and Season (bullish). This is what I called smartness, as it maximises profit and lowers the risk of long-term exposure.

I don’t see any reason why you said Y3shot link is wrong, everyone has their decisions and strategies they feel best suit them, if yours is to keep on monitoring Bitcoin price every move now and then to pick an entry to buy and later sell back, that’s best for you with a trader psychology. But to him, he doesn’t want to go through the pressure of monitoring the price action or getting emotion at one point or the other, rather he sees it as an asset to hold unto for a long time and he has conviction that Bitcoin is going to grow beyond his entry point.

When Bitcoin was $50, it wasn’t meant for just the rich, rather for everyone that has the determination to hold it for a long term, now that 1 Bitcoin cost over $65,507 or thereabout, any one what is willing to invest for a long term can still do that, as long as he is determined and is not moved by the short term profit rather he keep accumulating constantly and he is looking at a compound profit and/or waiting to get to his over accumulation stage so he can sustainably withdraw his Bitcoin.  
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Today at 07:31:50 PM
 #591

In fact, setting goals in itself is not a problem for us. Rather, if we do not have goals, our investments become unplanned. But our plan should be measurable, time-based and consistent with our own financial reality. Many start by saying they want 1 BTC. But I think the question should be what timeframe, in what method and what percentage of income should be at risk? Because even though Bitcoin is a strong asset in the long term, drawdowns of up to 50/60% in the middle are not uncommon. So we should set goals that do not break us mentally even in a major market decline and do not have to sell compulsively.

1 BTC is undoubtedly a symbolic milestone. But the value of assets should not be seen only in numbers. Rather, it should be in the continuity of our achievements. Even being able to hold 0.05 or 0.1 BTC regularly and safely can be a big success for many. The reality is that most investors fail by increasing their risk in the pursuit of excess returns.

 And competition does not yield good results in investment. It is more logical for us to set goals by understanding our cash flow, liabilities, and timeframe.
I really don't like suggesting that folks set out with the idea of having a goal.. Here is what I think, things could happen such as income increase/decrease, increased/ decreased level of conviction and whatnot and this could entirely change the goal that anyone set out with... Some folks may have started out with a goal, but today they are accumulating with an entirely different goal because of the unexpected changes they experienced in life...

That's why I think that folks should just get their accumulation started with their discretionary income instead of delaying because they are creating a goal/plan, and in the course of investing they could try and figure out their investing capacity, and from there start having a target . Also goals/plans dosen't have to be fixed it could made flexible in such a way that it becomes easy to change if need be...
setting a goal isn't a bad idea as it may encourage some investors to be consistent with there bitcoin accumulation. However this doesn't mean that it is a must to achieve the goals within a set timeline. There can always be room for adjustment incase if they are unable to achieve this goals before the timeline they set for themselves. Having a goal will make an investor to remain focus in there bitcoin investment and they can't be easily distracted they can also make amendments. There goals shouldn't be rigid that it can be changed, it should be flexible such that it will reflect in coming cash.

Of course, one should be interested in investing in Bitcoin, but the person whose plan is stronger and indicates better in the future is definitely the most interested in investing in Bitcoin. Only planning can strengthen Bitcoin investment, so before investing in Bitcoin, one must plan well, so that Bitcoin investment can be sustained for a long time. And according to the DCA method, Bitcoin becomes easier to hold for a long time, so following the right plan and DCA method will definitely lead to success in Bitcoin investment.

hell no. Planning is not a requirement for bitcoin invest. Planning always can come afterwards. People do not have to sit around all day without ongoingly investing all in the name of planning well like you said.

If they having discretionary income then they start investing with what they can afforded to loose and do the planning and other things afterwards.
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