Does the DCA strategy inspire newbies to invest?

[EarnOnVictor]

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.

[JayJuanGee]

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.

[Taskford]

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.

Trying to figure out and predict the movement of Bitcoin especially seeking for price dip is usually end up as losing game to them, particularly to those newbies in the scene. Best approach to do is to disregard any short term price noise and much better if they just focus on their long term goals.

This is how DCA works and it take our emotion then will lead us not to do any crazy decision. Then would able to make use build good position whatever movements happen in the market. For past years we have seen Bitcoin rewarding those investors have long patience to deal with it for long term. Instead of pressuring their selves to find better position to accumulate, much better if they continue to buy until they are confident or secure that they have lots of Bitcoin to use in future.

[tvplus006]

There is no connection between trading and gambling, unless you are a gambler yourself. Otherwise, then any trade could be considered gambling, which in particular applies to the stock market and trading in apples at the bazaar. And if you use risk management in trading, then trading will never become a casino for you.

Trading is very similar to gambling - especially when we are talking about bitcoin and considering the difference between investing and trading.  If you trade with bitcoin, you are likely to be engaging in a form of gambling, especially if your goal is to accumulate more bitcoin, then if you are selling in order to accumulate more bitcoin, you are doing the opposite of what you should be doing and you are taking a chance the BTC price is going to go down rather than up.  it is not a good idea to trade (or gamble) with bitcoin.  it is much better to invest, which means ongoingly buying bitcoin and not selling it until you reach over accumulation status, perhaps 4-10 years or longer into the future.

The difference between gambling and trading is as follows:

• If you trade without a trading strategy, it's a gambling.
  
• If you exceed the risks, then this is a gambling.
• If you're trading on emotions, then this is a gambling.
• If you don't stick to risk management, then this is a gambling.
• The lack of skills is the gambling.

As for selling more expensive and buying back cheaper, I did it in 2017-2018, which allowed me to increase the number of bitcoins in my wallet by 3 times.
I do not rule out a DCA strategy, since in fact the BTC I received and did not spend as part of thesignature campaign are the very DCA, but at the same time, unlike you, I do not deny the existence of trading.

[Razmirraz]

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.

Bitcoin is one of the assets that deserves praise based on its very positive performance and has a history of being able to break ATH in certain cycles. Yes, DCA is an investment strategy for accumulating assets regularly regardless of whether market prices are rising or falling. However, if the assets do not perform well, no strategy can save investors from the risk of loss.

DCA is merely a strategy that can be used when investing, but it's not a guarantee of success, as positive asset performance is a key factor. If asset performance is poor, it's very difficult to recover from losses, even using any strategy. DCA and Bitcoin are inseparable, especially for beginners who have just started investing. The two have a very close relationship because if they are able to maintain their investments according to plan, the potential for profit is very large.

[PhilosopherKing]

Trading is very similar to gambling - especially when we are talking about bitcoin and considering the difference between investing and trading.  If you trade with bitcoin, you are likely to be engaging in a form of gambling, especially if your goal is to accumulate more bitcoin, then if you are selling in order to accumulate more bitcoin, you are doing the opposite of what you should be doing and you are taking a chance the BTC price is going to go down rather than up.  it is not a good idea to trade (or gamble) with bitcoin.  it is much better to invest, which means ongoingly buying bitcoin and not selling it until you reach over accumulation status, perhaps 4-10 years or longer into the future.

Guys who are trying to defend trading may well not even know what investing is, and if they are trying to trade bitcoin, they likely don't know what bitcoin is.

DCA is better applied to investing rather than trading, and DCA applies to bitcoin since bitcoin has strong fundamental values.  If you are getting involved in shitcoins and wanting to use DCA with shitcoins, then you are also likely confused because shitcoins are also like trading and/or gambling, and not recommended to do, unless you want to get in and out of them and you are not taking away from your bitcoin investment budget to do it... so for example, don't fuck around with either shitcoins or trading or gambling with more than 10% the size of your bitcoin holdings. In other words, focus on just building your bitcoin holdings through buying only and that would be focusing on investing.. NOT trading and/or gambling.

You explained it very well, and it is correct that Trading can be equated to gambling and to trade is to be timing the market to sell BTC while hoping to get it back at cheaper price, such action is very bad and it's shouldnt be done with Bitcoin at all.

It is better for someone consistently buy bitcoin with DCa and keep for a cycle and longer than to be fucking around with trading and all the stress and overthinking that comes with trading. Trading of Bitcoin is purely a self sabotage .

[Merit.s]

The difference between gambling and trading is as follows:

• If you trade without a trading strategy, it's a gambling.
  
• If you exceed the risks, then this is a gambling.
• If you're trading on emotions, then this is a gambling.
• If you don't stick to risk management, then this is a gambling.
• The lack of skills is the gambling.

As for selling more expensive and buying back cheaper, I did it in 2017-2018, which allowed me to increase the number of bitcoins in my wallet by 3 times.
I do not rule out a DCA strategy, since in fact the BTC I received and did not spend as part of thesignature campaign are the very DCA, but at the same time, unlike you, I do not deny the existence of trading.

The fact is that both traders and gamblers run at loss in the long run making two of them similar because it's the long term outcome that matters a lot. You sold and bought back way more cheaper doesn't mean that it will work for you all the time. You were lucky that it worked for you and didn't give you high blood pressure during the time that you were waiting.

Trading isn't a good strategy to use in increasing your bitcoin stash because in the long run it will be the opposite. A brand new investor should think of selling to buy back but should only focus on using DCA to keep his bitcoin accumulation journey ongoing persistently and consistent till he reaches his bitcoin target so that he doesn't deviate from a long-term hodler to a trader.

[abaeze]

I think that for new investors who have been holding BTC for many years, using the DCA strategy is the easiest, best and safest. Because as a beginner, your biggest enemy is emotion, timing, overthinking and overconfidence. And because of all these problems, beginners usually buy at the top of the price but later sell at the dip because of the fear of the price falling. But DCA neutralizes these problems to a great extent. That's why I always advise beginners to use the DCA strategy and I follow this strategy myself.