Does the DCA strategy inspire newbies to invest?

[Emjay24]

Newbies shouldn't be more focused on profit as a motivational factor that will make them continue their bitcoin investment, because if they do, it can lead them to make wrong decisions that will affect the growth of their portfolio like not buying when the price dips or think of selling when there's a drastic dip and the price stays down for long. Instead, they should see bitcoin as one of the best assets to throw some value into for the future and have a bitcoin target and focus on it

You're right,  every newbies Should be more concerned about building their bitcoin portfolio rather than looking into profit, although sometimes I don't blame those newbies that is so much interested in the profit aspect because sometimes the fault might be coming from the person that thought them about bitcoin investment, probably they  might be telling them how much profit they will make if they invest in bitcoin without even saying "in the long term" and newbies will now capitalize on what they told them and start hoping for profit immediately after making their Investment so while teaching newbies we need to give them the right informations.

I blame them because for someone that has common sense, they should be able to differentiate between investment and trade/gambling.
Anyone who wants to invest already knows that investment is all about building something for a while and reach a certain benchmark or milestone before it matures for profit taking and in bitcoin investment, using DCA strategy, the investor should be interested in accumulating bitcoin for a while and reaching your accumulation target before you start thinking about profiting from it.

Coming into an investment with a mind to make profit without first committing the necessary work to build your investment prospect for a while is already a defeated mindset and such hardly records tangible success therein.

Even the bible says it for Christians that "There is a time to sow and a time to reap" Ecclesiastes 3:2, so the person who comes with a mind of reaping while he should be more concerned with sowing properly first of all would not necessarily have much, if any at all to reap when the supposed time for reaping arrives.

[laspol65]

A person who does not know how to invest with discretionary income may be involved in trading or gambling under the name of investment. Because before starting investment, we need to determine two things:

• First, whether there is a source of discretionary income or not.
  
• Second, whether we have basic knowledge related to Bitcoin or not.

We need these two things to start investing. Whenever a new person invests without being aware of this, if the market falls, he may panic and sell his investment or if after investing with the required amount in the market, if that amount of money is needed, he may have to sell his investment, as a result, he may divert his attention from his Bitcoin. We should never take this wrong approach. It is the best and right decision to continue investing through our discretionary income. If a person cannot find discretionary income, then it will be a better decision for him not to invest.

It’s true that we need to try as much as possible to encourage people especially the new comers who are enthusiastic about investing in bitcoin to start immediately but it’s also crucial to also make sure they’re treading on the right path while getting started even though they’ve not really figured out everything yet. Which is why even if they actually have figured out their discretionary income, they still need some kind of a prepping on how to avoid certain costly mistakes that most newbies often make. Some newbies who would’ve ended up being potential investors quitted along the way after making a few mistakes which could’ve been easily avoided if only they were prepped, we can’t just assume every new guy can find their way around investing by giving them the usual all you need is a discretionary income speech.

Newbies in Bitcoin investment can be most attracted if your advice and your sufficient understanding about Bitcoin investment are correct. You can never discourage a Bitcoin investor, because when a person invests in Bitcoin, he will invest in Bitcoin only with the money he has saved in his future, so it is necessary to keep them calm. At that place, if different people give different types of advice, fair or unfair, then new investors will get scared.
So only the right advice and the right knowledge about Bitcoin will attract a new investor towards Bitcoin investment. And to make his investment long-term, he definitely needs the help and advice of seniors.

[Kryptonite788]

Newbies shouldn't be more focused on profit as a motivational factor that will make them continue their bitcoin investment, because if they do, it can lead them to make wrong decisions that will affect the growth of their portfolio like not buying when the price dips or think of selling when there's a drastic dip and the price stays down for long. Instead, they should see bitcoin as one of the best assets to throw some value into for the future and have a bitcoin target and focus on it

You're right,  every newbies Should be more concerned about building their bitcoin portfolio rather than looking into profit, although sometimes I don't blame those newbies that is so much interested in the profit aspect because sometimes the fault might be coming from the person that thought them about bitcoin investment, probably they  might be telling them how much profit they will make if they invest in bitcoin without even saying "in the long term" and newbies will now capitalize on what they told them and start hoping for profit immediately after making their Investment so while teaching newbies we need to give them the right informations.

I blame them because for someone that has common sense, they should be able to differentiate between investment and trade/gambling.
Anyone who wants to invest already knows that investment is all about building something for a while and reach a certain benchmark or milestone before it matures for profit taking and in bitcoin investment, using DCA strategy, the investor should be interested in accumulating bitcoin for a while and reaching your accumulation target before you start thinking about profiting from it.

Coming into an investment with a mind to make profit without first committing the necessary work to build your investment prospect for a while is already a defeated mindset and such hardly records tangible success therein.

Even the bible says it for Christians that "There is a time to sow and a time to reap" Ecclesiastes 3:2, so the person who comes with a mind of reaping while he should be more concerned with sowing properly first of all would not necessarily have much, if any at all to reap when the supposed time for reaping arrives.

even though you’re right, it doesn’t still diminish the fact that most times ,common sense is not always common when you’re in unfamiliar environments (doing something you haven’t done before or you’re new to) so even intelligent people can sometimes make irrational decisions because they lack proper experience in that domain. So what they actually need as newbies is proper re-orientation about how bitcoin investments through DCA works because most of them operate on biased information from most of their mentors where they are tricked to see only profit without actually understanding that losses are also part of investment.

[Razmirraz]

Snip.

Newbies in Bitcoin investment can be most attracted if your advice and your sufficient understanding about Bitcoin investment are correct. You can never discourage a Bitcoin investor, because when a person invests in Bitcoin, he will invest in Bitcoin only with the money he has saved in his future, so it is necessary to keep them calm. At that place, if different people give different types of advice, fair or unfair, then new investors will get scared.
So only the right advice and the right knowledge about Bitcoin will attract a new investor towards Bitcoin investment. And to make his investment long-term, he definitely needs the help and advice of seniors.

That's right, novice investors really need the right and accurate advice to avoid mistakes and the risk of losing money. Typically, those who are just starting out in the world of investment are relying solely on money that has been set aside for the future, so it is important to provide clear information and not appear to scare them. Help and advice from experienced investors is very important for them to determine a wiser investment direction. Providing accurate and relevant information about Bitcoin investment such as Bitcoin basics, investment strategies and market analysis can help them increase their interest in investing and make better decisions to achieve their investment goals.

[Sim_card]

It’s true that we need to try as much as possible to encourage people especially the new comers who are enthusiastic about investing in bitcoin to start immediately but it’s also crucial to also make sure they’re treading on the right path while getting started even though they’ve not really figured out everything yet. Which is why even if they actually have figured out their discretionary income, they still need some kind of a prepping on how to avoid certain costly mistakes that most newbies often make. Some newbies who would’ve ended up being potential investors quitted along the way after making a few mistakes which could’ve been easily avoided if only they were prepped, we can’t just assume every new guy can find their way around investing by giving them the usual all you need is a discretionary income speech.

You don't any any kind of prepping to avoid any costly mistakes before you need to get started. Provided you have the basic knowledge of bitcoin and your discretionary income, you can start right away and learn as you go to avoid those mistakes. Bitcoin is a long-term investment which you only need to be buying with part of your discretionary income and build your emergency funds and other backup funds gradually as you are investing overtime.

There is nothing to prepare for before getting started because you have a long-term mindset and have the plans to accumulate bitcoin only from your discretionary income with an amount that wouldn't affect you. This is why if you are new, you can start with little amount in order to study how bitcoin works to avoid any silly mistakes.

 However, a new investor long-term bitcoin investment journey cannot be perfect, he will make mistakes that he will learn from to strengthen him in growing his bitcoin investment continuously overtime provided his has the zeal to reach his bitcoin target. This is why you don't need to invest above your discretionary income to avoid thwarting your long-term investment plan.

Don't put profits in your head as the first thing so that you don't later deviate from a long term investor to a trader. Just keep on buying till you reach your bitcoin target.

[GIF-JOBS]

You're right,  every newbies Should be more concerned about building their bitcoin portfolio rather than looking into profit, although sometimes I don't blame those newbies that is so much interested in the profit aspect because sometimes the fault might be coming from the person that thought them about bitcoin investment, probably they  might be telling them how much profit they will make if they invest in bitcoin without even saying "in the long term" and newbies will now capitalize on what they told them and start hoping for profit immediately after making their Investment so while teaching newbies we need to give them the right informations.

And that’s the very reason why people, especially newbies shouldn’t just blindly delve into something they have absolutely no idea about, especially when it involves them putting their money into it. It’s true that everyone must not use the same strategy in Bitcoin investment, but also using the wrong strategy can land you into much bigger trouble, which is why everyone should first do their due diligence first, have a solid understanding of what they are going into, know the ins and outs, the cons and pros before finally entering, this is exactly what helps people make better decisions about their choices of investments.

Bitcoin investment is not actually hard or difficult as some people claims it to be because what we need for our Bitcoin accumulation is our discretionary income and a basic knowledge on how to go about it but sometimes lack of knowledge and understanding makes some people feel or think Bitcoin investment is hard but it is not. Using a fund meant for other expenses is wrong and it is among the thing that makes people feel it is hard after they have lost it due to lack of knowledge and understanding.

If we think very simply, Bitcoin investment will not be so difficult for us, we ourselves think of it as difficult, that is why it seems so difficult to us, but in reality if we think correctly then it is certainly very easy and possible for everyone. With proper financial management, people will be able to invest here consistently, but due to unnecessary thinking, they panic here for no reason and as a result they cannot start investing easily. That is why we have to move forward with conscious understanding and patience, and for this we need to first gain basic knowledge, then its possibilities will come into our mind so that we can move forward a little further in making effective decisions. Not too aggressively, not too slowly, rather we have to keep everything in a balance, many people mistakenly invest necessary expenses or emergency funds in investments, which later creates big problems, so we should refrain from doing such things, we should start normally through normal discretionary income, and move forward like this.

[liasbaa]

You're right,  every newbies Should be more concerned about building their bitcoin portfolio rather than looking into profit, although sometimes I don't blame those newbies that is so much interested in the profit aspect because sometimes the fault might be coming from the person that thought them about bitcoin investment, probably they  might be telling them how much profit they will make if they invest in bitcoin without even saying "in the long term" and newbies will now capitalize on what they told them and start hoping for profit immediately after making their Investment so while teaching newbies we need to give them the right informations.

And that’s the very reason why people, especially newbies shouldn’t just blindly delve into something they have absolutely no idea about, especially when it involves them putting their money into it. It’s true that everyone must not use the same strategy in Bitcoin investment, but also using the wrong strategy can land you into much bigger trouble, which is why everyone should first do their due diligence first, have a solid understanding of what they are going into, know the ins and outs, the cons and pros before finally entering, this is exactly what helps people make better decisions about their choices of investments.

Bitcoin investment is not actually hard or difficult as some people claims it to be because what we need for our Bitcoin accumulation is our discretionary income and a basic knowledge on how to go about it but sometimes lack of knowledge and understanding makes some people feel or think Bitcoin investment is hard but it is not. Using a fund meant for other expenses is wrong and it is among the thing that makes people feel it is hard after they have lost it due to lack of knowledge and understanding.

If we think very simply, Bitcoin investment will not be so difficult for us, we ourselves think of it as difficult, that is why it seems so difficult to us, but in reality if we think correctly then it is certainly very easy and possible for everyone. With proper financial management, people will be able to invest here consistently, but due to unnecessary thinking, they panic here for no reason and as a result they cannot start investing easily. That is why we have to move forward with conscious understanding and patience, and for this we need to first gain basic knowledge, then its possibilities will come into our mind so that we can move forward a little further in making effective decisions. Not too aggressively, not too slowly, rather we have to keep everything in a balance, many people mistakenly invest necessary expenses or emergency funds in investments, which later creates big problems, so we should refrain from doing such things, we should start normally through normal discretionary income, and move forward like this.

Excessive emotions destroy the balance of our investments. We claim to be more experienced by acquiring basic knowledge about Bitcoin and buy Bitcoin with the entire fund we have. We buy Bitcoin without thinking that we may need money for various family needs in the future and may need to sell the Bitcoin holding at an immature stage. By accumulating Bitcoin through discretionary income you can spend years without any obstacles.

Bitcoin investment is very easy but it may not be easy for some to stay long term and consistent. For them it is better to accumulate Bitcoin through discretionary income. Keep the emergency fund requirement in a budget and continue to accumulate Bitcoin until it reaches a convenient position because this emergency fund provides your financial strength to stay in the long term investment.

[MusaPk]

But then, it's advisable that newbies coming into Bitcoin investment should know that the price of Bitcoin isn't always steady, but always goes up and down, but most importantly, that it they are able to Hodl for long term, there is possibilities and f the price appreciating, and they would make more profit from the already owned asset in bitcoin. So this view should be a motivational factor for newbies to keep on accumulating no matter the drop in price, while hoping for a potential increase in price of bitcoin in the nearest future

Its best for newbies to do some research on price fluctuation and results of long term investment in Bitcoin along with investing there capital in Bitcoin. This will help them in facing situations when there is sharp decline in price. If they have knowledge of long term investment then they will remain steady during price falls like the one we are witnessing right now.

You are not wrong, yet if we are making these kinds of weekly buys for a couple of cycles or longer, the timing of the buys are likely not going to make very much difference in regards to which day of the week that you buy or even if you attempt to buy the dips within the week.  It still can be fun and even make you feel better to try to buy the dips during the week.. even though in the whole scheme of things after a couple of cycles or longer, it may well not change your average cost per BTC in any meaningful and/or material way (or cause you to accumulate a meaningfully/materially significant larger amount of BTC). 

If we are planning for long term then it doesn't matter whether you bought Bitcoin at dip of a particular week or not. This is because with few exceptions the price of Bitcoin doesn't fluctuate very much in a week. Like if price of Bitcoin is at 69500$ right now, we can't expect that it will go to 100,000$ or 50,000$ in this week. The current price of Bitcoin i.e. 69500$ is minimum price of Bitcoin in last 7 days and highest was 75900$ (according to bitstamp data), if someone can figure this out then he must go for buying on such dips. In the long run, it doesn't matter whether you bought Bitcoin at 74000$ or at 70,000$.

[goldkingcoiner]

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

I think newbies are going to have a hard time trusting their investment and they will probably be overcome eventually by emotion and panic just to sell on a loss. And not only once. But eventually they will understand it is better to hodl, and the best strategy for that is DCA.

But inspiration is really rare. Most are not going to get inspired by DCA I think. They will get inspired maybe later when they have some more experience.