Does the DCA strategy inspire newbies to invest?

[ultrloa]

[edited out]

Bitcoin is like a puzzle that you need different pieces to solve it. These pieces include Consistency, DCA, Patience and Discipline, and Building Emergency funds. Incorporating all of them put you in a better position than other investors who takes one or two  out of those pieces and leave the rest. Being consistent with small amounts won't give the kind of gain someone is looking for in the long term. Although no amount is really useless, but If you are a person who invests little funds into Bitcoin and you hope to get good returns, try to get another source of income  in which you can use to increase your discretionary income. But if you are someone who wants to stick to that little amount even though you have other means to increase your income then the thought of seeing massive gains should be removed. In as much we've talked about Consistency and DCA , someone who doesn't have patience and discipline to hold through tough times will sell prematurely. Then all your efforts will be wasted.

I don't like your "bitcoin is like a puzzle" idea, since I prefer to think that bitcoin is accessible to everyone and anyone as long as they have discretionary funds and they are not retarded, and no special talents are needed except to get started buying it and even to maintain weekly buys, as long a discretionary funds are available each week (or can be made available)...and the person figures out ways to start out slow and then just ongoingly learn from practice and paying attention, and such practice will help normies to both build their bitcoin stash size and to build their cashflow management that involves the building up and maintenance of back up funds..

I also don't like those projection since its like only people has access on it since not everyone can solve it. I'd prefer Bitcoin is accessible by anyone especially if people have discretionary funds to spend.

With that we can say that there's no special skills or talent needed and they can do this investment if they are willing to pay attention on the strategy they are using, have discipline to manage their funds and willing to start or practice using small amount.

If they do this there's great chance that those little efforts they made will grow over time and this could strengthen up not only their financial habits also discipline to wait for great things to come in future with Bitcoin.

[Razmirraz]

Snip.

Bitcoin is like a puzzle that you need different pieces to solve it. These pieces include Consistency, DCA, Patience and Discipline, and Building Emergency funds. Incorporating all of them put you in a better position than other investors who takes one or two  out of those pieces and leave the rest. Being consistent with small amounts won't give the kind of gain someone is looking for in the long term. Although no amount is really useless, but If you are a person who invests little funds into Bitcoin and you hope to get good returns, try to get another source of income  in which you can use to increase your discretionary income. But if you are someone who wants to stick to that little amount even though you have other means to increase your income then the thought of seeing massive gains should be removed. In as much we've talked about Consistency and DCA , someone who doesn't have patience and discipline to hold through tough times will sell prematurely. Then all your efforts will be wasted.

I disagree with your opinion that "Bitcoin is like a puzzle that requires various pieces to complete it". I want to clear up this misconception so that it doesn't mislead beginners who want to learn about Bitcoin. Bitcoin is not a puzzle because Bitcoin is a digital currency that is accessible to anyone with sufficient funds and a willingness to learn. So clearly, there are no hard and fast steps to take to use Bitcoin, but rather understanding how it works and making informed investment decisions.
Bitcoin is like a toll road open to anyone who wants to learn and start investing. Here, you don't need to solve the puzzle, but rather understand how it works and decide to start interacting with it. The decision to start depends on your choice, whether you want to position yourself as a trader or an investor.

[Joeboy]

I also agree with you to some point that consistency determines the size of someone portfolio yet we need to also use something reasonable why accumulating perhaps you have not seen someone who is consistent in what he is doing and yet it doesn't look like he is making progress. I think I remember bumping on post where someone said that we can accumulate even with a dollar, at first it was very funny because I consider that as almost nothing when it comes to Bitcoin but I realized it might be what he can afford to lose and trust me if the person is accumulating with a dollar monthly, how many years do you think this folk will see something reasonable even though he is consistent? And it is possible that the saying "use what you can afford to lose" rings a different bell to the person.

Bitcoin isn't an investment for only the rich, so even though a guy after settling his basic expenses begins making a dollar investment on a monthly basis, I still think that such an individual is far more better than those folks who are still waiting until they have high amount of discretionary income until they can start... Starting small is always better than delaying to start coz folks can always get to learn, grow adopt and also increase their investments amounts to quite a reasonable amount as they go on with their investment journey... And they could very well achieve this by either cutting down irrelevant expenses after separating your needs from your wants and/or building other income sources...

[Hewlet]

I also agree with you to some point that consistency determines the size of someone portfolio yet we need to also use something reasonable why accumulating perhaps you have not seen someone who is consistent in what he is doing and yet it doesn't look like he is making progress. I think I remember bumping on post where someone said that we can accumulate even with a dollar, at first it was very funny because I consider that as almost nothing when it comes to Bitcoin but I realized it might be what he can afford to lose and trust me if the person is accumulating with a dollar monthly, how many years do you think this folk will see something reasonable even though he is consistent? And it is possible that the saying "use what you can afford to lose" rings a different bell to the person.

Bitcoin isn't an investment for only the rich, so even though a guy after settling his basic expenses begins making a dollar investment on a monthly basis, I still think that such an individual is far more better than those folks who are still waiting until they have high amount of discretionary income until they can start... Starting small is always better than delaying to start coz folks can always get to learn, grow adopt and also increase their investments amounts to quite a reasonable amount as they go on with their investment journey...

How you start investing is just a small aspect of what plays out in your investment journey. At the end of the day, it's the process that matters most and by the process, it's a combination of different things like times when you might not be financially strong enough to buy a lot of bitcoin, times you can buy much, time you will buy at the DIP and time you will buy at a price that's relatively high. If you're afraid of buying at a high price, chances are high that you wouldn't buy at all and if you're looking at having everything all figured out before buying, that's going to be a serious problem in it own.

The DCA investment method eliminates every form of lapses that's associated with staying invested because you just buy when you have the resource and not neccerily at a time that's convenience for you.

[Tmoonz]

[edited out]

Bitcoin is like a puzzle that you need different pieces to solve it. These pieces include Consistency, DCA, Patience and Discipline, and Building Emergency funds. Incorporating all of them put you in a better position than other investors who takes one or two  out of those pieces and leave the rest. Being consistent with small amounts won't give the kind of gain someone is looking for in the long term. Although no amount is really useless, but If you are a person who invests little funds into Bitcoin and you hope to get good returns, try to get another source of income  in which you can use to increase your discretionary income. But if you are someone who wants to stick to that little amount even though you have other means to increase your income then the thought of seeing massive gains should be removed. In as much we've talked about Consistency and DCA , someone who doesn't have patience and discipline to hold through tough times will sell prematurely. Then all your efforts will be wasted.

I don't like your "bitcoin is like a puzzle" idea, since I prefer to think that bitcoin is accessible to everyone and anyone as long as they have discretionary funds and they are not retarded, and no special talents are needed except to get started buying it and even to maintain weekly buys, as long a discretionary funds are available each week (or can be made available)...and the person figures out ways to start out slow and then just ongoingly learn from practice and paying attention, and such practice will help normies to both build their bitcoin stash size and to build their cashflow management that involves the building up and maintenance of back up funds..

I don't also like such projection about Bitcoin being like puzzle which you need different pieces to solve, that can only be related to the to the tedious and frustrating approach of trading, things li

I also don't like those projection since its like only people has access on it since not everyone can solve it. I'd prefer Bitcoin is accessible by anyone especially if people have discretionary funds to spend.

With that we can say that there's no special skills or talent needed and they can do this investment if they are willing to pay attention on the strategy they are using, have discipline to manage their funds and willing to start or practice using small amount.

If they do this there's great chance that those little efforts they made will grow over time and this could strengthen up not only their financial habits also discipline to wait for great things to come in future with Bitcoin.

I don't also like such projection about Bitcoin being like a puzzle, that can only be related to tedious and frustrating way of talking about trading Bitcoin and not investment while the concepts here is Bitcoin investment and not trading, solving puzzle itself can be overwhelming for large number of persons out there hence subjecting to bitcoin investment can screw up and scared lot of people that might want to invest in to bitcoin maybe for the first time, investing in not as difficult as relating it to solving a puzzle people will easily give up on the road I must say, discretionary income is all we need primarily all other things should be secondary.

[Hardyrobust]

I also agree with you to some point that consistency determines the size of someone portfolio yet we need to also use something reasonable why accumulating perhaps you have not seen someone who is consistent in what he is doing and yet it doesn't look like he is making progress. I think I remember bumping on post where someone said that we can accumulate even with a dollar, at first it was very funny because I consider that as almost nothing when it comes to Bitcoin but I realized it might be what he can afford to lose and trust me if the person is accumulating with a dollar monthly, how many years do you think this folk will see something reasonable even though he is consistent? And it is possible that the saying "use what you can afford to lose" rings a different bell to the person.

Bitcoin isn't an investment for only the rich, so even though a guy after settling his basic expenses begins making a dollar investment on a monthly basis, I still think that such an individual is far more better than those folks who are still waiting until they have high amount of discretionary income until they can start... Starting small is always better than delaying to start coz folks can always get to learn, grow adopt and also increase their investments amounts to quite a reasonable amount as they go on with their investment journey... And they could very well achieve this by either cutting down irrelevant expenses after separating your needs from your wants and/or building other income sources...

Yes you are right. Bitcoin investment is not just for the rich folks alone both the poor folks can equal invest in bitcoin provided that they have discretionionary income to do so. With DCA strategy those with low discretionionary that can not afford to do lump sum buying can start accumulating bitcoin using DCA strategy with there available discretionionary. Those that are waiting for when they will have a good amount of discretionionary income will end up missing opportunities. So it is not a must that an investor should start with a huge amount but with whatever they have as there discretionionary. They can be buying and be working on increasing there cash flow.

[Big Dirams]

here is the problem, because It is where some set of folks are not seeing a Bitcoin dip as an opportunity; instead, they are seeing it as their main strategy for accumulating Bitcoin. I would say this is wrong because nobody can accurately predict Bitcoin’s price.so, people should not see dips as a strategy, but rather as an opportunity. When a dip happens, they can make use of it and buy some amount of Bitcoin at that period. However, they should never wait only for dips, otherwise, they may end up not buying Bitcoin again, because the price may not return to the level they have in mind for accumulation.so, let’s get it clear,buying the dip is just an opportunity, but DCA is a true investment strategy. In fact, DCA is one of the best ways to invest in Bitcoin, as it allows investors to buy at different price levels and helps limit risk.

One thing to set right is that no need to sit back and keep waiting for bitcoin dips before accumulation because that just some waste of opportunity and beside no one really knowns the market next movement only what we are good at is just making assumptions and predictions so why not just apply the smart strategy DCA so we wouldn’t be left out nor sit back and keep waiting for the right chance when each time is the perfect time for accumulation.
 When one has long term mindset for bitcoin investment then no need to wait instead each time is just right for accumulation. DCA has made everything more easier so we can keep accumulating both during dips and highs and we won’t be left in dark. Waiting for dips can be a waste of time.