If you are really wanting to focus on investing in bitcoin, then hopefully, you figure out ways to buy only and not to be trying to trade bitcoin or to engage in selling if your goals are to build up the stack size of your bitcoin, which is done through ongoing buying of bitcoin, not selling it. So, for your own good, hopefully your figure out how to invest rather than trade (or gamble) in regards to your building up your bitcoin holdings, which can take 4-10 years or longer to really make progress, depending on how much of your income you are able to put into bitcoin through buying only on a regular, persistent, consistent, ongoing and perhaps even aggressive way.
Bitcoin is becoming very scarce and the best way anyone can get more of it is to buy and hodl it, well I know that some folks are prone to risk taking but taking risk with an asset with the potential of generating more funds in the future makes no sense, funny enough many folks do it without knowing that it's the wrong way of accumulating, although there are folks who purposely take the risk (gamble) with their asset thinking they'll get more of it. Anyways, there's no two ways about it anyone that's willing to get Bitcoin or more of it in their portfolio should be willing to be patient, be consistent and prioritise long-term holding which is 4-10 years like you mentioned.
It could take several years for a bitcoin newbie to start to think in terms of accumulating bitcoin rather than accumulating dollars, so if they cannot recognize and appreciate where the value is, then they likely get worried when they see the BTC price fall, so they likely worry about losing the dollar value rather than recognizing the opportunity to buy more bitcoin.
In various bitcoin (and even crypto) threads, so many people talk about buying and selling, so then newbie bitcoiners might consider selling as a way of trying to deal with the changes in the dollar value of their bitcoin holdings.. and I am not sure how normie newbies can get out of the dollar mindset and into the bitcoin mindset. It's like they have to figure out a way to recognize that the important thing is accumulating bitcoin, without giving so much consideration to the dollar value, even though surely in the end, they likely will end up trading their bitcoin for dollars - even if it ends up being 4-10 years or longer down the road.
One of the ways that several of the regular bitcoiners tend to talk about bitcoin accumulation is to proclaim that it is likely better to NOT get very concerned about bitcoin price (value) changes in the first whole cycle (like 4 years) of accumulating bitcoin, and the suggestion to not think about the bitcoin price is meant to help in the focus on accumulating bitcoin.
At the same time, I might be a bit of a hypocrite, since I don't see anything wrong with monitoring the price as long as it does not impede the ongoing process of accumulating bitcoin through ongoing buying. I know that even in my first 3 years of accumulating bitcoin between 2013 and 2016, almost continuously I kept track of both the dollar value and the quantity of BTC and also how much I had invested (in dollars) into bitcoin. So I had a bitcoin spreadsheet in which I kept track of all of the numbers, even though I was mostly just ongoingly buying.. at least for my first 3 years in bitcoin.
So in some sense, I don't see any problem to monitor the ongoing buys that might even take guys 4-10 years or longer to keep buying bitcoin... One of the ways that I likely differ from a lot of newbie bitcoiners is that I had more than 10 years investing in other investments prior to coming into bitcoin, so by the time that I came to bitcoin, I did not have to spend as much time accumulating bitcoin, since I was able to move value into bitcoin from other assets that I had accumulated over the prior 20-ish years... so maybe that is a kind of cheating or more realistically it was just a different place that I was within my overall investment journey.. so investment portfolios take a long time to build up and my first 20 years started before I added bitcoin into the mix (as one of my additional investment categories (asset classes)).
From the title, yes, it does. Ordinarily, some newbies find it difficult to invest due to fear or lack of trust in the market. But with the strategy like the DCA that can average their risks, they feel they are safer.
Special Considerations Should Beginners Follow the DCA Method for Bitcoin Investments?
This is a good idea. But they should know that the DCA strategy averages risk, and by virtue, might lessens gains as well.
What Can Be the Outcome -Future
Judging by Bitcoin's history and performance, the outcome will be positive. But I will rather give Bitcoin kudos here, and not the DCA strategy. Whether you DCA or not, if the asset is bad, there's nothing you can do.
I recognize that you cannot resist the temptation to suggest that there can be possible ways in which guys like yourself can see which way the bitcoin price is going in advance and also implying that others might be able to figure out similar ways of seeing - yet it seems like a really bad suggestion - and newbie normies are most likely way the fuck better off to just be blind about the price for quite a decent amount of time - perhaps even their whole first 4 years of being involved in bitcoin.
Sure, if they want to fuck around trying to figure out price moves, they can do whatever they want, yet it seems like a losing strategy to be trying to play with bitcoin like that.
You are correct that DCA works with bitcoin, since bitcoin is special, yet at the same time, DCA works with any asset so long as the price inclination is generally sloping upward, so in the long term as long as the price continues to go up, then it is quite likely that the value of the investment will be worth more than the amount that was put into it, which seems to continue to be a reasonably good presumption to have with bitcoin, for both newbie investors and those who might have had already been investing in bitcoin for a while, yet still feel that they don't have enough.. so they likely would need to just keep buying bitcoin at any price until they start to feel that they have enough or perhaps more than enough.
