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.

[Proty]

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.

The DCA strategy doesn't stop newbies from making of selling whenever emotions set in , especially during the dip. Having a good understanding of how the market works and also the discipline to be able to hold bitcoin for a long term. The strategies used isn't what that is going to stop an investor for making emotional decisions during the dips. As an investor can be using lump sum buying and still be able to hold bitcoin for a long term while another investor that is using DCA strategy may not be able to hold for long term due to lack of discipline and the fear of losing our. However the DCA strategy is one of the best strategy, although it has it pros and cons like every other strategies.

[centrum]

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

Yes dca does inspire newbies to invest in bitcoin because it allows little by little investment without any stress or pressured on your finance or expenses, it gives room for gradual growth in as much as you have your discretionary income available .

The only thing that can become a major setback for newbies in this case is distractions, lack of discipline and self control, because even if they manage to prioritize consistent DCA and manage to accumulate a sizable amount of Bitcoin, they’ll get to a point where the size of their portfolio may become big in their eyes and they may start feeling like tapping into it even when they haven’t really reached their long term goals. But if they can be able to withstand the pressure and avoid tapping into their investment, then they’ll definitely be able to achieve their long term goals via the DCA strategy.

this is a very real issue and extremely important for beginners, at the beginning everyone starts accumulating bitcoin through the DCA method with excitement and patience feels easy, but over time as the portfolio grows it starts to look big in their own eyes, that is when greed emotions and restlessness begin to take control and it feels like taking a little out will not really matter, this is where the real problem starts, without discipline and self control long term goals can be easily destroyed, the dca strategy only truly works for those who can stay firm in their decisions, the market will always move up and down and that is normal,, but touching the investment again and again slowly defeats the whole purpose of accumulation, i believe beginners should be mentally clear from the start that this investment should not be touched until a specific goal is reached, if someone can handle this pressure and keep their emotions under control then achieving long term success through the DCA strategy is absolutely possible..

[Tungbulu]

this is a very real issue and extremely important for beginners, at the beginning everyone starts accumulating bitcoin through the DCA method with excitement and patience feels easy, but over time as the portfolio grows it starts to look big in their own eyes, that is when greed emotions and restlessness begin to take control and it feels like taking a little out will not really matter, this is where the real problem starts, without discipline and self control long term goals can be easily destroyed, the dca strategy only truly works for those who can stay firm in their decisions, the market will always move up and down and that is normal,, but touching the investment again and again slowly defeats the whole purpose of accumulation, i believe beginners should be mentally clear from the start that this investment should not be touched until a specific goal is reached, if someone can handle this pressure and keep their emotions under control then achieving long term success through the DCA strategy is absolutely possible..

Investing is a journey, especially when it involves assets that are as volatile as Bitcoin, which is why folks should at all time consider its long term trajectory. During this long term journey, a lot can happen within the short term, a lot of distractions can occur and only those who are focused on the long term goal can be able to navigate through those obstacles and distractions. This is the exact reason why it’s important for every investor to first set their goals straight and at all time focus on that goal, because it is that goal that influences every decision that they make during the journey. It’s only when investors allow themselves to be distracted from their goal that they’ll be able to tamper with their investment all because of short term benefits. Whether investors are investing with the DCA strategy or any other strategy, the key is keeping your focus in the long term goal.

[Nailhim]

Buying bitcoin when the price is low is the best. DCA is good at all the time both in the time of ATH, or the bull or the Bear. Newbies should not depends on DCA but can buy bitcoin at anytime of their choice. From what I see and understand, people buy bitcoin without knowing that they are using DCA because they buy today and wait till when they have money they buy again.

[Sim_card]

this is a very real issue and extremely important for beginners, at the beginning everyone starts accumulating bitcoin through the DCA method with excitement and patience feels easy, but over time as the portfolio grows it starts to look big in their own eyes, that is when greed emotions and restlessness begin to take control and it feels like taking a little out will not really matter, this is where the real problem starts, without discipline and self control long term goals can be easily destroyed, the dca strategy only truly works for those who can stay firm in their decisions, the market will always move up and down and that is normal,, but touching the investment again and again slowly defeats the whole purpose of accumulation, i believe beginners should be mentally clear from the start that this investment should not be touched until a specific goal is reached, if someone can handle this pressure and keep their emotions under control then achieving long term success through the DCA strategy is absolutely possible..

One thing brand new beginners who have started their bitcoin journey with DCA should do is to have a long-term mindset and a bitcoin target which they should focus on accumulating overtime. If this is done, it will take away their minds from selling when it's not of their own will because they haven't accumulated the targeted quantity.

Selling should be the last thing in your mind so that hou don't get distracted and carried away by little profits because your profits won't be tampared but in your portfolio. When you take little profits, you will limit the compounding value of your bitcoin portfolio.

[Merit.s]

Buying bitcoin when the price is low is the best.

Of course, buying when the price is low is the best but can you time the bottom line of the dip. Waiting is dangerous and will limit you from buying as many bitcoin as possible through DCA. This is why DCA is a good approach for beginners because it gives them the room buy bitcoin regularly and increase their portfolio overtime provided they're buying consistently and persistently for 4-10 years and above.

Newbies should not depends on DCA but can buy bitcoin at anytime of their choice. From what I see and understand, people buy bitcoin without knowing that they are using DCA because they buy today and wait till when they have money they buy again.

DCA is the best accumulation method for newbies because they're still new in the market and have less knowledge about the market. DCA will be good for them because they are only buying every week/month and it will make them gain more experience in the market as they keep their accumulation journey ongoing. They can mix DCA with buy dip and lump sum when they have understood the market properly by spending long time in the market.

[bhadz]

Having a good understanding of how the market works and also the discipline to be able to hold bitcoin for a long term.

That won't be understood in the first place by the newbies. If they're asking questions to the long term holders and experienced ones, they'll understand why many of us have been holding for a long term plan. That's because we have made a vision why it's best to hold long term and it made us easier to decide that it's the best plan as we have invested in the market. And there is also a reason why we've been telling them to DYOR. For this very reason, they'll understand why it's very important to know what you're investing and why DCA works for most people who invests in Bitcoin.

[JayJuanGee]

Buying bitcoin when the price is low is the best. DCA is good at all the time both in the time of ATH, or the bull or the Bear. Newbies should not depends on DCA but can buy bitcoin at anytime of their choice. From what I see and understand, people buy bitcoin without knowing that they are using DCA because they buy today and wait till when they have money they buy again.

Even though objectively, it is better to buy bitcoin when the price is lower rather than when it is higher, there are risks in trying to either wait and/or to figure out that the price is lower or is going to go lower.

Therefore many times it is better to just buy at any price, especially the first several years of building up a bitcoin portfolio.. perhaps many normies need to spend a couple of cycles accumulating bitcoin at any price at all before starting to potentially consider the price.

If a person has a 4-10 year or longer investment timeline, then it is probably better to just focus on ongoing accumulation of BTC rather than  trying to identify if the BTC price might dip, since any such anticipated dip may well not happen.. and it is likely to be in a mindset of ongoingly accumulating bitcoin rather than trying to play waiting strategies that might end up working against you rather than helping in any meaning and/or material way.

Newbies should not depends on DCA but can buy bitcoin at anytime of their choice. From what I see and understand, people buy bitcoin without knowing that they are using DCA because they buy today and wait till when they have money they buy again.

DCA is the best accumulation method for newbies because they're still new in the market and have less knowledge about the market. DCA will be good for them because they are only buying every week/month and it will make them gain more experience in the market as they keep their accumulation journey ongoing. They can mix DCA with buy dip and lump sum when they have understood the market properly by spending long time in the market.

To me, it seems that there is not as much value in regards to trying to understand the market, as compared to understanding your own cashflow management and also figuring out reasonable ways to valuate your bitcoin holdings as compared with other aspects of your finances and psychology.

Sure attempting to understand the bitcoin market and the general ideas behind why bitcoin has value is also important, even though there may be a bit of danger of overly focusing on the bitcoin market and bitcoin rather than focusing on factors that relate to your cashflow management, your psychology and even how to valuate your bitcoin in terms of your own personal goals that might revolve around considering at what points you might be getting close to having had accumulated enough BTC to change your accumulation practices in any kind of meaningful way.. and yeah perhaps figuring out if you graduated to some status in which you might accumulate with price-based considerations rather than just ongoingly accumulating at any price.  These are not necessarily easy determinations, and guys might even make mistakes in figuring out if they have enough BTC in order to adapt their level of BTC accumulation (maybe reducing their level of BTC accumulation aggressiveness to a lower aggressiveness level).

Having a good understanding of how the market works and also the discipline to be able to hold bitcoin for a long term.

That won't be understood in the first place by the newbies. If they're asking questions to the long term holders and experienced ones, they'll understand why many of us have been holding for a long term plan.

I think that you are correct here bhadz.  We learn ourselves more than we learn the market, and we learn to figure out a balance that works for ourselves with the quantity of bitcoin that we hold, even though the dollar valuation of the bitcoin is ongoingly changing.

That's because we have made a vision why it's best to hold long term and it made us easier to decide that it's the best plan as we have invested in the market. And there is also a reason why we've been telling them to DYOR. For this very reason, they'll understand why it's very important to know what you're investing and why DCA works for most people who invests in Bitcoin.

If we are new to bitcoin and we are building up our bitcoin stash, then likely we are ongoingly learning about ourselves and why we hold bitcoin and what level of aggressiveness we want to employ in terms of either building our bitcoin stash or what levels we might take to maintain our holdings if we feel that we are no longer as focused on building it.

We can make assessments and reassessments of our financial and psychological situation after 2 years, after 4 years, after 6 years, after 8 years, etc etc etc.  I would imagine that the size of our bitcoin holding as compared with other assets that we might have would end up affecting the extent to which we might decide to modify anything related to our bitcoin accumulation and/or holdings.

It surely is the case that a lot of guys get into bitcoin and they end up selling too many bitcoin too soon, so then they either end up with fewer options or they may well end up never getting out of their accumulation phase or getting to a level of their accumulation phase that they can start to slow down in their bitcoin accumulation.

Accordingly, it seems that guys who built up their bitcoin holdings to a high enough level prior to selling any (except spend and replace), they likely have more options if they have continue to build and at least waited before starting to sell any of their BTC.  It can be difficult to know whether mistakes were made and/or the extent of your mistakes until after it might become too late to reverse the impacts of the mistakes that were made..

I am not suggesting that the solution is never to make mistakes, even though the solution may well be to make sure that any mistakes that end up being made along the way of building our bitcoin holdings are not large in their size and/or their impacts.

[I_Anime]

Having a good understanding of how the market works and also the discipline to be able to hold bitcoin for a long term.

That won't be understood in the first place by the newbies. If they're asking questions to the long term holders and experienced ones, they'll understand why many of us have been holding for a long term plan. That's because we have made a vision why it's best to hold long term and it made us easier to decide that it's the best plan as we have invested in the market. And there is also a reason why we've been telling them to DYOR. For this very reason, they'll understand why it's very important to know what you're investing and why DCA works for most people who invests in Bitcoin.

One fun fact about Bitcoin is that one don’t have to talk much about how good it is to invest in Bitcoin especially when come to longterm goal , because Bitcoin historical data as already proven that those that held for long always get rewarded despite the up and down moment during the journey . And some still believe Bitcoin is already at its peak (lol funny ) which is not true because it’s still have enough room for growth and more adoption to gain with time . To me DCA method help to make bitcoin accumulation easier and help especially when come to one being consistent with his accumulation.

[Baki202]

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.

DCA is one of the best and easiest and that is why it is recommend for new investors and those that are already investing so it is available for everyone to use so as far as they are concerned they can invest without any stress, DCA is for everyone, and since holding for a long time is the goal then it should be something that everyone should consider. And the timing is what makes it effective. Because when timing is what is going to make things different because when you want to do DCA you have to be very ready because the both of them work hand in hand. And beginners need to take serious measures to keep there self from selling and does that sell when the price is high they know is not the best choice for them but they still decide to take that same step. And they need to be more patient with everything and plan well. Instead of them rushing to make decisions.

[Crytohillss]

Buying bitcoin when the price is low is the best. DCA is good at all the time both in the time of ATH, or the bull or the Bear. Newbies should not depends on DCA but can buy bitcoin at anytime of their choice. From what I see and understand, people buy bitcoin without knowing that they are using DCA because they buy today and wait till when they have money they buy again.

Even though objectively, it is better to buy bitcoin when the price is lower rather than when it is higher, there are risks in trying to either wait and/or to figure out that the price is lower or is going to go lower.

Therefore many times it is better to just buy at any price, especially the first several years of building up a bitcoin portfolio.. perhaps many normies need to spend a couple of cycles accumulating bitcoin at any price at all before starting to potentially consider the price.

If a person has a 4-10 year or longer investment timeline, then it is probably better to just focus on ongoing accumulation of BTC rather than  trying to identify if the BTC price might dip, since any such anticipated dip may well not happen.. and it is likely to be in a mindset of ongoingly accumulating bitcoin rather than trying to play waiting strategies that might end up working against you rather than helping in any meaning and/or material way.

Newbies should not depends on DCA but can buy bitcoin at anytime of their choice. From what I see and understand, people buy bitcoin without knowing that they are using DCA because they buy today and wait till when they have money they buy again.

DCA is the best accumulation method for newbies because they're still new in the market and have less knowledge about the market. DCA will be good for them because they are only buying every week/month and it will make them gain more experience in the market as they keep their accumulation journey ongoing. They can mix DCA with buy dip and lump sum when they have understood the market properly by spending long time in the market.

To me, it seems that there is not as much value in regards to trying to understand the market, as compared to understanding your own cashflow management and also figuring out reasonable ways to valuate your bitcoin holdings as compared with other aspects of your finances and psychology.

Sure attempting to understand the bitcoin market and the general ideas behind why bitcoin has value is also important, even though there may be a bit of danger of overly focusing on the bitcoin market and bitcoin rather than focusing on factors that relate to your cashflow management, your psychology and even how to valuate your bitcoin in terms of your own personal goals that might revolve around considering at what points you might be getting close to having had accumulated enough BTC to change your accumulation practices in any kind of meaningful way.. and yeah perhaps figuring out if you graduated to some status in which you might accumulate with price-based considerations rather than just ongoingly accumulating at any price.  These are not necessarily easy determinations, and guys might even make mistakes in figuring out if they have enough BTC in order to adapt their level of BTC accumulation (maybe reducing their level of BTC accumulation aggressiveness to a lower aggressiveness level).

Having a good understanding of how the market works and also the discipline to be able to hold bitcoin for a long term.

That won't be understood in the first place by the newbies. If they're asking questions to the long term holders and experienced ones, they'll understand why many of us have been holding for a long term plan.

I think that you are correct here bhadz.  We learn ourselves more than we learn the market, and we learn to figure out a balance that works for ourselves with the quantity of bitcoin that we hold, even though the dollar valuation of the bitcoin is ongoingly changing.

That's because we have made a vision why it's best to hold long term and it made us easier to decide that it's the best plan as we have invested in the market. And there is also a reason why we've been telling them to DYOR. For this very reason, they'll understand why it's very important to know what you're investing and why DCA works for most people who invests in Bitcoin.

If we are new to bitcoin and we are building up our bitcoin stash, then likely we are ongoingly learning about ourselves and why we hold bitcoin and what level of aggressiveness we want to employ in terms of either building our bitcoin stash or what levels we might take to maintain our holdings if we feel that we are no longer as focused on building it.

We can make assessments and reassessments of our financial and psychological situation after 2 years, after 4 years, after 6 years, after 8 years, etc etc etc.  I would imagine that the size of our bitcoin holding as compared with other assets that we might have would end up affecting the extent to which we might decide to modify anything related to our bitcoin accumulation and/or holdings.

It surely is the case that a lot of guys get into bitcoin and they end up selling too many bitcoin too soon, so then they either end up with fewer options or they may well end up never getting out of their accumulation phase or getting to a level of their accumulation phase that they can start to slow down in their bitcoin accumulation.

Accordingly, it seems that guys who built up their bitcoin holdings to a high enough level prior to selling any (except spend and replace), they likely have more options if they have continue to build and at least waited before starting to sell any of their BTC.  It can be difficult to know whether mistakes were made and/or the extent of your mistakes until after it might become too late to reverse the impacts of the mistakes that were made..

I am not suggesting that the solution is never to make mistakes, even though the solution may well be to make sure that any mistakes that end up being made along the way of building our bitcoin holdings are not large in their size and/or their impacts.

This makes a lot of sense , so many people usually ends up being more stressful while trying to time the perfect moment especially with something volatile as Bitcoin for everyone with a long term horizon steady accumulation builds both conviction and discipline. while waiting for dips often just leaves individual on the sidelines the period in the market really does beat timing the market cycle.