Does the DCA strategy inspire newbies to invest?

[Rockstarguy]

Somehow, DCA is a friend of newbies. First we are talking about Bitcoin a volatile asset which is not without emotional pressure of timing the market, DCA strategy helps to undermine these emotional stress. Through investing small always(DCA), you go on learning other things about Bitcoin investment while already building your portfolio that can amount high in future.

If we are talking about buying Bitcoin in the amount that one can afford and buying Bitcoin in fractions, then we will say the DCA strategy is there to help people invest in Bitcoin. However, when we say the DCA method helps to overcome or avoid getting emotional in Bitcoin investment, that is not true.

For you not to get emotional when investing in Bitcoin, you first have to understand Bitcoin, understand the volatility of Bitcoin; this is the main reason why people get emotional because when the price of Bitcoin falls, they think they have also lost to the market. The DCA method serves a different purpose and has nothing to do with Bitcoin emotions.

[ChocolateBitcoinK]

Most at times it's not about getting started, it's the mentality that matters. Most newbies have this belief that you can not invest in Bitcoin unless you have huge amount of money to buy a full coin and this is what's stopping most of them from getting started. Notice how Bitcoin adoption is growing day by day? Awareness is growing day by day too and people are changing that mindset. The DCA strategy is a good method to help people acquire coin with the little amount they have. Some people can boast of having a whole coin or more now by using DCA method. You just have to be consistent while doing DCA and before you know it, you've accumulate a reasonable portion of Bitcoin.

Reason why many people do not start investing is that they think they will need much of money to buy full Bitcoin, yet they are unaware of fact that it can be divided into small and cheap units known as Satoshis. Best answer to this way of thinking is to use DCA strategy since anyone can build wealth slowly by investing tiny amounts, such as 10 dollars week, instead of waiting to receive big amount of money.
This is far more effective plan than trying to time market since time allows you to collect savings in large amount of Bitcoin. With increasing number of people becoming aware that Bitcoin is not way to make quick money but long term saving, they are beginning to focus on how much they can gather bit by bit.  And right mindset is key to success with help of small purchases, even beginner can end up having whole coin and get life changing results.

This is the reason why having a basic knowledge of bitcoin is crucial before starting investing in bitcoin.with this , knowing that we can buy bitcoin in fractions won't be an issue but without a basic knowledge of what bitcoin is, starting to buy bitcoin will become a problem. The most important thing is having a discretionary income to invest in bitcoin. Having a good understanding of what bitcoin is and the freedom it offers is one thing that will push people into investing in it.

If an investor has basic knowledge, he will not easily make wrong decisions in the first situation, many people face failure in the first situation, because they panic and make wrong decisions in the first situation. But if a new investor has basic knowledge in the first situation, then he will definitely be able to sustain himself even in bad situations. So I think having basic knowledge is an essential thing, especially for those who are new to investing.

[Powerjumboo]

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 good for investing in Bitcoin, but of course there must be enough money to buy Bitcoin through DCA method. If I do not have a system to provide money, if I invest in DCA method by borrowing, then my investment will not be successful at all, so I want to say that first of all an investor must have a good source of income to invest in Bitcoin. If there is a good source of income, then it will be possible to invest in DCA method from that income and maintain that investment for the long term. However, I would say that DCA method is a good method of investment for beginners.

[yixichloro2xx]

The DCA strategy is one of best a Newbie should do because it safeguard them from sort of unnecessary risks in the mark. With DCA you accumulate bitcoin in a steady manner without even think about the prices. The market is very volatile so DCA protect. Even if you have low funds with DCA you can still accumulate bitcoin, you don’t need to have big amount of money before you invest in bitcoin.

[Baki202]

The DCA strategy is one of best a Newbie should do because it safeguard them from sort of unnecessary risks in the mark. With DCA you accumulate bitcoin in a steady manner without even think about the prices. The market is very volatile so DCA protect. Even if you have low funds with DCA you can still accumulate bitcoin, you don’t need to have big amount of money before you invest in bitcoin.

DCA is not for newbies alone it is also for those that does not have enough money to buy so this strategy was derived to make investment very easy for everyone did that less of your financial status DCA i've become a decision to be made so either you are rich you are poor you are a newbie or you are an expert you can decide to venture into it so to me it is a matter of choice. One of the good things about this year is that you can accumulate your quite number of Bitcoin based on our committed your heart to you are to your DCA method.  Because one of the concentration should be on how consistent you are when it comes to DCA, yes even if you have low funds you can still invest this is one of the benefits of doing DCA, and that is why you see everyone doing DCA because of the benefits, it is easy it is cheap and many more. When you start you have to continue and not give up on it, till your goal is met.

[liuka]

The DCA strategy is one of best a Newbie should do because it safeguard them from sort of unnecessary risks in the mark. With DCA you accumulate bitcoin in a steady manner without even think about the prices. The market is very volatile so DCA protect. Even if you have low funds with DCA you can still accumulate bitcoin, you don’t need to have big amount of money before you invest in bitcoin.

DCA is not for newbies alone it is also for those that does not have enough money to buy so this strategy was derived to make investment very easy for everyone did that less of your financial status DCA i've become a decision to be made so either you are rich you are poor you are a newbie or you are an expert you can decide to venture into it so to me it is a matter of choice. One of the good things about this year is that you can accumulate your quite number of Bitcoin based on our committed your heart to you are to your DCA method.  Because one of the concentration should be on how consistent you are when it comes to DCA, yes even if you have low funds you can still invest this is one of the benefits of doing DCA, and that is why you see everyone doing DCA because of the benefits, it is easy it is cheap and many more. When you start you have to continue and not give up on it, till your goal is met.

The DCA strategy does not have to be for beginners, all groups can use this strategy because it is profitable in investing means buying at the average price we get even though the price of bitcoin is up and down.

Want once a week or once a month actually it doesn't matter the important thing is to consistently do it all the time, especially if you have been running for years until now then the account itself salutes them for staying consistent.

[GUORY00]

The DCA strategy is one of best a Newbie should do because it safeguard them from sort of unnecessary risks in the mark. With DCA you accumulate bitcoin in a steady manner without even think about the prices. The market is very volatile so DCA protect. Even if you have low funds with DCA you can still accumulate bitcoin, you don’t need to have big amount of money before you invest in bitcoin.

DCA is not for newbies alone it is also for those that does not have enough money to buy so this strategy was derived to make investment very easy for everyone did that less of your financial status DCA i've become a decision to be made so either you are rich you are poor you are a newbie or you are an expert you can decide to venture into it so to me it is a matter of choice. One of the good things about this year is that you can accumulate your quite number of Bitcoin based on our committed your heart to you are to your DCA method.  Because one of the concentration should be on how consistent you are when it comes to DCA, yes even if you have low funds you can still invest this is one of the benefits of doing DCA, and that is why you see everyone doing DCA because of the benefits, it is easy it is cheap and many more. When you start you have to continue and not give up on it, till your goal is met.

dca is basically the only way to stay sane in this market, it isnt just for newbies because even whales use it to build positions without nuking the price, do you set an alarm for your buys or just do it manually haha

[JayJuanGee]

The DCA strategy is one of best a Newbie should do because it safeguard them from sort of unnecessary risks in the mark. With DCA you accumulate bitcoin in a steady manner without even think about the prices. The market is very volatile so DCA protect. Even if you have low funds with DCA you can still accumulate bitcoin, you don’t need to have big amount of money before you invest in bitcoin.

DCA is not for newbies alone it is also for those that does not have enough money to buy so this strategy was derived to make investment very easy for everyone did that less of your financial status DCA i've become a decision to be made so either you are rich you are poor you are a newbie or you are an expert you can decide to venture into it so to me it is a matter of choice. One of the good things about this year is that you can accumulate your quite number of Bitcoin based on our committed your heart to you are to your DCA method.  Because one of the concentration should be on how consistent you are when it comes to DCA, yes even if you have low funds you can still invest this is one of the benefits of doing DCA, and that is why you see everyone doing DCA because of the benefits, it is easy it is cheap and many more. When you start you have to continue and not give up on it, till your goal is met.

dca is basically the only way to stay sane in this market, it isnt just for newbies because even whales use it to build positions without nuking the price, do you set an alarm for your buys or just do it manually haha

1) You can buy manually, market order.

2) You can set up a buy order (limited order) within a reasonable amount of the current price (presumptively a bit lower yet likely to execute in a reasonable period of time - such as within a few hours or perhaps a day)

3) On some exchanges you can set up an automatic DCA such as weekly or daily.

I prefer the second one.