Does the DCA strategy inspire newbies to invest?

[BlackBoss_]

In my experience, it doesn't inspire them to invest. What inspires them are stories of how profitable you are.
Their ears are all on you when they've heard how you made it. How much you have made and how long were you able to make it.
Only success stories they want to hear but some of them knows the struggle and hardship of accumulation.

People can be exposed to Bitcoin and cryptocurrency market firstly by Bitcoin news, Bitcoin bull run, Bitcoin new all time high, but after a while of consideration with or without due diligent research, most of them will not pick Bitcoin for their portfolio (either it is investment portfolio or trading portfolio), and they choose altcoins.

Reasons for their choices and favorite to pick altcoins, are altcoins' cheaper prices (at least they see altcoin prices are cheaper, but they don't understand that altcoins mostly are overpriced, and their values are valueless), and their main intention of participation in this market is profit. Hence, they decide to go with altcoins, that can provide them better ROI, at least they see more potential from altcoins and mostly don't see high risks.

[Mpamaegbu]

On the other hand, I think the DCA method will be more favourable to the smaller investors when the market is bullish because if a small investor decides to DCA when the market is red, there are obvious possibilities that, it might get liquidated depending on how much has been imputed already.

I get your point but that's not really how it's. You may get your invested capital depleted after buying, either with the DCA method or outright buy at once. Market dump or "reddishness" per se isn't something that should scare anyone because you will still not have lost your capital. In crypto Spot trading (that's what we do when we buy to hodl), you don't suffer any loss until you sell off. Even when your investment dips, you still aren't in loss until you sell.

My advice to newbies at a time like this that the bull run is becoming interesting with all the favourable fundamentals flying up and down is never to sell off in panic. Whatever goes down is expected to come up during bull season, except they're worthless tokens/coins. Now is a time to hodl.

[Obari]

On the other hand, I think the DCA method will be more favourable to the smaller investors when the market is bullish because if a small investor decides to DCA when the market is red, there are obvious possibilities that, it might get liquidated depending on how much has been imputed already.

I get your point but that's not really how it's. You may get your invested capital depleted after buying, either with the DCA method or outright buy at once. Market dump or "reddishness" per se isn't something that should scare anyone because you will still not have lost your capital. In crypto Spot trading (that's what we do when we buy to hodl), you don't suffer any loss until you sell off. Even when your investment dips, you still aren't in loss until you sell.

My advice to newbies at a time like this that the bull run is becoming interesting with all the favourable fundamentals flying up and down is never to sell off in panic. Whatever goes down is expected to come up during bull season, except they're worthless tokens/coins. Now is a time to hodl.

I almost thought this was my thread but glory I had to reread again.
I created a thread with regards to helping newbies get a clearer understanding of how the DCA works and at some point, there might other established community members who also needs this clarification and I think I read several opinions of people about DCA and later came to a conclusion that, the DCA method is a no respecter of market price as the main purpose of the technique is to get people into the market regardless of how much at hand and what the price of the market might be provided that, the investor is consistent with their holdings.

[terrific]

In my experience, it doesn't inspire them to invest. What inspires them are stories of how profitable you are.
Their ears are all on you when they've heard how you made it. How much you have made and how long were you able to make it.
Only success stories they want to hear but some of them knows the struggle and hardship of accumulation.

People can be exposed to Bitcoin and cryptocurrency market firstly by Bitcoin news, Bitcoin bull run, Bitcoin new all time high, but after a while of consideration with or without due diligent research, most of them will not pick Bitcoin for their portfolio (either it is investment portfolio or trading portfolio), and they choose altcoins.

Reasons for their choices and favorite to pick altcoins, are altcoins' cheaper prices (at least they see altcoin prices are cheaper, but they don't understand that altcoins mostly are overpriced, and their values are valueless), and their main intention of participation in this market is profit. Hence, they decide to go with altcoins, that can provide them better ROI, at least they see more potential from altcoins and mostly don't see high risks.

You are right there BlackBoss. I've got people that have asked them that they are interested in investing in the crypto market.
And they truly really are but they've made investments not firstly with Bitcoin but with altcoins.
In prior of them asking me my opinion, they've got some eyes already in altcoins and they probably just want to extract more from me even they have an idea that I'll suggest them to buy Bitcoin.

[Asuspawer09]

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

Absolutely, Dollar Cost Averaging is going to be a good start for beginners and newbies especially here in the cryptocurrency market, it was kind of difficult to start investing especially finding the right token and finding the right time to invest, but if you are going to apply DCA you could easily start your investment journey, it might now be a quick easy investment since you need to accumulate a lot of volume in order to profit a huge amount, but in my opinion it is the safest strategy that you could do especially as a newbie, as long as you are going to go for a long term investment it is a guaranteed profit if you are going to sell at a higher market price anyway.

When I was a newbie, I was pretty conservative to what I token I'm going to invest, it was mostly cause some panic selling, when I learn about DCA it was a chill investment and holding would easily be a profit.

[lizarder]

I find investors using the DCA strategy invest for the long term.

I did it and in the early stages I had difficulty being consistent so I tried to approach using DCA so that now it can be said to be quite successful and successful.

Special Considerations Should Beginners Follow the DCA Method for Bitcoin Investments? What Can Be the Outcome -Future

If someone intends to collect bitcoins for long-term investment and tries to change their life for the better, then bitcoin is a medium that must be utilized to achieve financial freedom. DCA can be done by anyone because this method can be said to be much better if applied consistently because with the limited capital available DCA can be used to continue collecting bitcoins consistently.

[2Pizza410000BTC]

DCA is a good strategy but it is good when the price of bitcoin is low already. Example is when bitcoin fall below $16000 in 2022 that El Salvador was buying one bitcoin daily. If you want the strategy to be good for you, you can just wait until the price fall during bear market and start DCA.

Bitcoin's price is rising, and it is very difficult to understand which way the market will go at this moment. If someone wants to invest, then it is definitely better to use the DCA method. We also know that the DCA method is the best method for investing.

In such a situation, someone may not have the patience to wait, in which case I would say that it would be better for those who cannot wait to use their DCA method to buy at a lower price and continue investing continuously. Using DCA method he won't have to worry too much about the market.

[Miles2006]

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

Dca strategy is absolutely perfect for bitcoin investment, it’s considered as the most popular strategy if I’m not mistaking although the hype is worth investing not just beginners. It’s generally use to accumulate bitcoin for long run but doesn’t mean other strategy can’t be considered for example buying the dip is really a great opportunity investor buy huge like taking an advantage. The reason why beginners are advised to buy using dca it gives room for planning either monthly or weekly not minding the price so long as you buy continuous, personally I will advice every beginner to buy using dca till whenever they’re knowledgeable about the market besides bitcoin investment outcome is beneficial if only planned for long term.

[OcTradism]

Bitcoin's price is rising, and it is very difficult to understand which way the market will go at this moment. If someone wants to invest, then it is definitely better to use the DCA method. We also know that the DCA method is the best method for investing.

In either bear or bull market, price can rise or fall and it's impossible to predict price movement correctly. It's easier to predict the market trend, but when the market is fluctuating at turnning point from bullish to bearish or bearish to bullish, no way to confirm the trend for your trend prediction.

Because of big challenge in price prediction, if an investor can avoid it, it's better. Dollar Cost Averaging, DCA, is a good method for investment, without any need of price prediction.

Make your personal financial plan, investment plan, and purchase bitcoin gradually with time, by DCA. It's good for newbies because they lack of experience in this market, so they have more difficulty in price prediction.
https://dcabtc.com/

[Judith87403]

The DCA method or strategy is one of the best strategy to use in Bitcoin investment because it help an investor to accumulate regardless of the market movement or changes though there are other two strategy again which are Lump sum and Buy Dip which are also nice strategy but more effective to use if you have a good cash flow that is a good source of income but I can't advise someone to go for the Buy Dip because it's more like a waste of time and energy because how long will one continue to wait and what if Bitcoin refuses to drop or maybe refuses to drop to the entering point one is waiting for. Though the outcome of Bitcoin investment is not something one is sure of or something one can tell for certain at the initial time but with time, you can see that you are growing and you are making progress if you are consistent and discipline.

[Pi-network314159]

DCA is a good strategy but it is good when the price of bitcoin is low already. Example is when bitcoin fall below $16000 in 2022 that El Salvador was buying one bitcoin daily. If you want the strategy to be good for you, you can just wait until the price fall during bear market and start DCA.

You are right, but If someone should wait for next bear market to DCA into Bitcoin,  This means that an investor who wants to buy Bitcoin now would wait for the next face of the market. But in my perspective, and in a situation like this where we have already hit the bull market or just kick-starting, applying DCA by Buying the Dips of the price pullback seems better because if the investor should wait for the next bear market to kick in to start DCAing, some of them will have spend their money by then, or secondly no one knows how high that this bull market would get to, and the price now might even be way cheaper than during when the next bear market cycle would bottom out.

But unfortunately not every newbies out there have access to information about what good strategy to use for their investment since lots of them became a lost soul and been misguided toward picking good investment since some of them goes with shitcoin.

What about those who have been properly informed about the impending dangers elvolving around shitcoin and yet they chose to disobey and buy? So in this case we can say everyone is subjected to their opinion and or decition. Greed of making a fortune out of shitcoin is the biggest scam in the history of cryptocurrency. I have been there and I know what and how it feels to buy shitcoin and hoping it could boom as bitcoin someday. But we can do better just that some people are being too clever not to understand warning except they are caught several times before they can even tell you as a result of frequent losses.

[I_Anime]

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

We can't tell the future outcome because we can't see the future but we can only hope for the best that's all , back to your topic I usually speak base on experiences, so when I started my bitcoin accumulation, knowing about the DCAing strategy also contributed to it (me taken my Bitcoin accumulation more serious and making it more effective).

Because I noticed that DCAing don't just help me to purchase bitcoin at lower quantities but also help me to purchase bitcoin at different price interval, whether when the price was or low , and as time goes I can easily see it's effect In my Bitcoin accumulation, which have put me in a position of been in good profits because I kept buying the dip whenever there's one using DCA strategy or method.

[Rockstarguy]

I can't advise someone to go for the Buy Dip because it's more like a waste of time and energy because how long will one continue to wait and what if Bitcoin refuses to drop or maybe refuses to drop to the entering point one is waiting for. Though the outcome of Bitcoin investment is not something one is sure of or something one can tell for certain at the initial time but with time, you can see that you are growing and you are making progress if you are consistent and discipline.

The market is unpredicted and waiting for the dip to take place can be a waste of time because you can't really tell when it will happen. Waiting for the dip is one of the reasons why some people haven't Buy bitcoin because they may have a particular amount of dip in mind and they will make decisions to keep waiting till they get what they want.

Normally whenever the dip takes place it is always good to see it as opportunity to buy more but I see no reason why one must wait for it , with the DCA method of investment their is no perfect time to invest in bitcoin,  at all times bitcoin can be bought according to the amount that you can afford.

[OcTradism]

Normally whenever the dip takes place it is always good to see it as opportunity to buy more but I see no reason why one must wait for it , with the DCA method of investment their is no perfect time to invest in bitcoin,  at all times bitcoin can be bought according to the amount that you can afford.

If you want to find perfect price and time for your entries, you don't use DCA strategy.
If you use DCA strategy, you no longer need to find perfect price and time for your entries.

Experienced investors in Bitcoin market, through their experience not through any lesson, course, know that they can not find perfect price and time for entries, and they know that DCA strategy can help them to make their jobs easier and guarantee profit for their investment portfolio. It is not a strategy to maximize profit but don't be too greedy and miss many chances.
https://dcabtc.com/

[avp2306]

I can't advise someone to go for the Buy Dip because it's more like a waste of time and energy because how long will one continue to wait and what if Bitcoin refuses to drop or maybe refuses to drop to the entering point one is waiting for. Though the outcome of Bitcoin investment is not something one is sure of or something one can tell for certain at the initial time but with time, you can see that you are growing and you are making progress if you are consistent and discipline.

The market is unpredicted and waiting for the dip to take place can be a waste of time because you can't really tell when it will happen. Waiting for the dip is one of the reasons why some people haven't Buy bitcoin because they may have a particular amount of dip in mind and they will make decisions to keep waiting till they get what they want.

Normally whenever the dip takes place it is always good to see it as opportunity to buy more but I see no reason why one must wait for it , with the DCA method of investment their is no perfect time to invest in bitcoin,  at all times bitcoin can be bought according to the amount that you can afford.

By looking at those people doing that it seems like they are not sure with their position.

Since buying at the dip is kinda waste of time especially that we don't know on when this one will come and it defeat the purpose for using DCA method since they are executing it in wrong way if this people think about doing that and what came up on their mind is they are doing DCA for that matters.

Its good to buy at the dip there's no question with that, but everything in Bitcoin is unpredictable that's why DCA has been introduce so people could do more better and be consistent on their accumulate whatever the figures currently showing up to them.

[Victorybit1]

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

Dca strategy is absolutely perfect for bitcoin investment, it’s considered as the most popular strategy if I’m not mistaking although the hype is worth investing not just beginners. It’s generally use to accumulate bitcoin for long run but doesn’t mean other strategy can’t be considered for example buying the dip is really a great opportunity investor buy huge like taking an advantage. The reason why beginners are advised to buy using dca it gives room for planning either monthly or weekly not minding the price so long as you buy continuous, personally I will advice every beginner to buy using dca till whenever they’re knowledgeable about the market besides bitcoin investment outcome is beneficial if only planned for long term.

Well I feel the simple reason is that starting up an investment with this method doesn't cost you much as you get to do everything under your own convenience as it's way easy and like you said it's the most popular form of investing both for the veterans and also the newbie because of the end result of this method if the investor is consistent with his plans because at long of everything consistency is still the major count of everything because DCA without consistency is absolutely nothing as your plans would be scattered and shattered.

[aoluain]

The DCA system is perfect for getting into Bitcoin particularly those with regular
income and not so much of it disposable.

We all know anyone can get into Bitcoin with as little as $20. Build on that on a
regular basis to expand and HODL.

Its a perfect system for those who need it, and it can be done at whatever pace with
whatever varying amounts of FIAT is available

[OcTradism]

Bitcoin's price is rising, and it is very difficult to understand which way the market will go at this moment. If someone wants to invest, then it is definitely better to use the DCA method. We also know that the DCA method is the best method for investing.

In such a situation, someone may not have the patience to wait, in which case I would say that it would be better for those who cannot wait to use their DCA method to buy at a lower price and continue investing continuously. Using DCA method he won't have to worry too much about the market.

You can not know how long the market will be bullish or bearish and price can have many red months or many green months consecutively. You can not time the market so that you won't be able to find perfect bottom entry, hence there is a Dollar Cost Averaging strategy to help you. This strategy can help you to make your multiple entries with time with ease, and no need of bottom finding.

It eliminates risk that you will be hestitating too much, over nervous, panic or fearful, and miss your purchases and become an observe when Bitcoin bull run kicks off for a while. With DCA, the importance to succeed are believing in efficiency of this strategy, be discplined with your actions, and be well prepared with your investment capital so that you can purchase bitcoin with time.

[palle11]

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

DCA is good for investment and you have to have funds to be able to carry it out and accumulate it without going to it when it has not increased. To invest using DCA, you have to buy at a low price so that when it starts to increase you will see your return, so it is late to invest now because of the high price of bitcoin. Wait for bear and accumulate for next bull run.

[Ricardo11]

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

DCA is good for investment and you have to have funds to be able to carry it out and accumulate it without going to it when it has not increased. To invest using DCA, you have to buy at a low price so that when it starts to increase you will see your return, so it is late to invest now because of the high price of bitcoin. Wait for bear and accumulate for next bull run.

For the DCA strategy to work successfully and for Bitcoin to achieve real success, DCA must be continued for a long time. For those who want to invest using DCA for long-term holding (at least 10 years), they should start investing now instead of waiting for the dip to start investing, because as a result you will always miss a good buying opportunity, and besides, if you invest with DCA, you do not have to worry about the price, because DCA will give you an average price in the long term, from which you can benefit more. You have to hold Bitcoin for a long time with faith, patience and long-term holding are the keys to the success of the DCA strategy, and as a result you can achieve real success in Bitcoin.