Does the DCA strategy inspire newbies to invest?

[AuchanX]

Buying bitcoin when the price is low is the best.

Okay. So how do I know which one is the lower price? Is there a realistic chart for this?If I look at it, I can clearly understand that, yes, it's a good time to buy? Or are you talking without any basis?

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 not a set rule.It is a risk management method. When someone buys over time rather than putting all their money in at once, they are unknowingly spreading the price risk.This reduces the chances of making a big decision at the wrong time, which is especially important for beginners. And if someone does this unknowingly, that is what DCA actually becomes.

[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.

So people underestimate the cost of waiting trying to observe the dips sounds logical yet in practice it often just delays getting meaningful exposure, if your horizon is measured in the years consistency tends to make way more than just precision accumulation over time erase a lot of emotional noise and decision paralysis that comes with short term price watching.

[PhilosopherKing]

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.

This is right about beginners.

Then the slow adjustment for beginners to start thinking in terms of accumulating bitcoin is because lot of them grew up with the reasoning of  valuing money only in cash form. From the early days they were taught to judge wealth only in how many dollars they see and not by the numbers of asset that they has.

This is what makes beginners used to responding in fear when bitcoin price in coming down, when they should have been ceasing those opportunities to buy in cheaper price.

And until there is a shift from dollar value to increasing bitcoin quantity, all dip will look like a problem, when it should have been a good chance.

[Popkon6]

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.

Following the DCA method in Bitcoin is the most important and can prevent newbies from selling. When a new person enters the market to buy Bitcoin, he may panic and may refrain from making a decision to wait, if he regularly follows the DCA method then he can stay away from that panic. Investing in Bitcoin according to the DCA method is the best because the cash is used properly, and if that person uses the DCA method in Bitcoin then his money is used properly, but those who stay away from investing in Bitcoin according to the DCA method basically waste their cash.
And their future savings are stopped, if you want to be financially successful in the future, it is definitely a good idea to deposit Bitcoin money.

[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.

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.

Too many dynamics in the market and that's why only themselves who will experience it can clearly the best answers that they're looking for.

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 agree, it's important to assess ourselves and our financial status to also determine for how long we're going to stay in the market. While many of us have already figured out on how long we'll stay here and have considered the retirement plans we've got. Those who are not yet capable of putting money they can't afford to lose will eventually learn things on their own. They'll regret why they have doubted before when they can also learn while continually investing on it. Well, in the end, it's the risk takers who shall be rewarded by the market.

[MusaPk]

Following the DCA method in Bitcoin is the most important and can prevent newbies from selling. When a new person enters the market to buy Bitcoin, he may panic and may refrain from making a decision to wait, if he regularly follows the DCA method then he can stay away from that panic. Investing in Bitcoin according to the DCA method is the best because the cash is used properly, and if that person uses the DCA method in Bitcoin then his money is used properly, but those who stay away from investing in Bitcoin according to the DCA method basically waste their cash.
And their future savings are stopped, if you want to be financially successful in the future, it is definitely a good idea to deposit Bitcoin money.

DCA is not only recommended for newbies but also experienced investors follow it because they know the underlying benefits of following this strategy. The issue with Bitcoin price is that its highly volatile and we don't know whats the ATH and which is the lowest price. With DCA we continue to buy every week or month without looking at the price and that helps in getting a good average buying price.

One can refrain from selling his bitcoin, only if he has some emergency funds in place that he can use at the time of need otherwise he might end up selling his Bitcoins.   

[abaeze]

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

For new investors who have been holding BTC for many years, I think it is easiest, best and safest to use the DCA strategy. Although it has nothing to do with the price of Bitcoin, it is easy to plan investments through it and many times because of this strategy, new investors get the courage and interest to invest in Bitcoin. Because the biggest enemy of beginners in investing is emotion, trying to time the market, overthinking and overconfidence. There are some who are afraid because the price is high, and there are some who sit day after day to buy at the dip. And because of all these problems, some newbies 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. Because if you use this strategy, you don't have to worry so much about the above problems. So I always advise beginners to use the DCA strategy and follow this strategy myself.

[Showlove01]

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

Of course, the DCA strategy should be followed for Bitcoin investment. If the DCA strategy is used for Bitcoin investment, it will be very beneficial for beginners because beginners do not have much experience with the market and do not have to analyze when to open a position. If Bitcoin is invested in the DCA method, there will be an average price due to the fall and pumping of Bitcoin, which will make the investment much more successful.

The DCA method is not only beneficial for beginners but rather it is beneficial to anyone who is using it rightly because there are folks today that are using the DCA method and still they are finding it difficult to accumulate Bitcoin using this method and sometimes this is due to mentality and plan, some don't plan on holding for long term but they want to joke around with the market feeling they can outsmart it not knowing they are fooling themselves because they will later understand that they have really messed up especially when the odd is against them and their plan, that is why we should have long term mindset.

[Adams0001]

The DCA method is not only beneficial for beginners but rather it is beneficial to anyone who is using it rightly because there are folks today that are using the DCA method and still they are finding it difficult to accumulate Bitcoin using this method and sometimes this is due to mentality and plan, some don't plan on holding for long term but they want to joke around with the market feeling they can outsmart it not knowing they are fooling themselves because they will later understand that they have really messed up especially when the odd is against them and their plan, that is why we should have long term mindset.

The DCA method is very good for any investors that investing in bitcoin, because that will minimise your risk and you will get your profit when is time. When you're not using DCA method you can easily lose your funds because you can't analyse thing well and that can make you lose your funds but when using DCA method everything can be going find and you won't loses much in your investment. Bitcoin investment is always best in crypto space and if you understand it very well you will surly achieve your goals. Just know that bitcoin is volatile and you need to be patient and you will face some challenges before you can probably succeed in it. If you can be patient for long term you will always get your goals at ends.

[Proty]

The DCA method is not only beneficial for beginners but rather it is beneficial to anyone who is using it rightly because there are folks today that are using the DCA method and still they are finding it difficult to accumulate Bitcoin using this method and sometimes this is due to mentality and plan, some don't plan on holding for long term but they want to joke around with the market feeling they can outsmart it not knowing they are fooling themselves because they will later understand that they have really messed up especially when the odd is against them and their plan, that is why we should have long term mindset.

The DCA method is very good for any investors that investing in bitcoin, because that will minimise your risk and you will get your profit when is time. When you're not using DCA method you can easily lose your funds because you can't analyse thing well and that can make you lose your funds but when using DCA method everything can be going find and you won't loses much in your investment. Bitcoin investment is always best in crypto space and if you understand it very well you will surly achieve your goals. Just know that bitcoin is volatile and you need to be patient and you will face some challenges before you can probably succeed in it. If you can be patient for long term you will always get your goals at ends.

This talk of getting profit when is time makes it appear as if the DCA strategy gives guarantee of successful investment. This not true as much as the DCA strategy is good for buying bitcoin but doesn't guarantee successful investment at the end of there investment timeline. The reason why people prefer to use the DCA strategy isn't because other strategies make people to lose their income.

[Joeboy]

Following the DCA method in Bitcoin is the most important and can prevent newbies from selling. When a new person enters the market to buy Bitcoin, he may panic and may refrain from making a decision to wait, if he regularly follows the DCA method then he can stay away from that panic. Investing in Bitcoin according to the DCA method is the best because the cash is used properly, and if that person uses the DCA method in Bitcoin then his money is used properly, but those who stay away from investing in Bitcoin according to the DCA method basically waste their cash.
And their future savings are stopped, if you want to be financially successful in the future, it is definitely a good idea to deposit Bitcoin money.

DCA will only help you with how you buy Bitcoin, it isn't what prevent folks(or newbies) from selling....What actually prevent folks from selling unnecessarily is the DISCRETIONARY INCOME and the RIGHT MINDSET..... In simple terms, discretionary income are those money that is left after settling your basic needs and responsibilities. And when folks invest with it, there is the removal of fear coz you know for sure that such money is that you can afford to spare.....And then the right mindset is all about having the proper understanding that Bitcoin is a long term investment scheme rather than a quick money scheme, and with this mindset comes patience to hold your Bitcoin....

[Rockstarguy]

This talk of getting profit when is time makes it appear as if the DCA strategy gives guarantee of successful investment. This not true as much as the DCA strategy is good for buying bitcoin but doesn't guarantee successful investment at the end of there investment timeline. The reason why people prefer to use the DCA strategy isn't because other strategies make people to lose their income.

The DCA method of investing doesn't really guarantee profit, depending on the individual's understanding of Bitcoin. For one, if someone is just investing in Bitcoin but doesn't have an understanding of it, there is no guarantee of making a profit from the DCA strategy.

However, for those who understand Bitcoin better and know what they are doing, using DCA methods to invest in Bitcoin will be successful with good profits by holding to the fullest. Having profit is not just about using the DCA strategy but also about the level of understanding one has.

[Alone055]

This talk of getting profit when is time makes it appear as if the DCA strategy gives guarantee of successful investment. This not true as much as the DCA strategy is good for buying bitcoin but doesn't guarantee successful investment at the end of there investment timeline. The reason why people prefer to use the DCA strategy isn't because other strategies make people to lose their income.

The DCA strategy doesn't guarantee profits in general, but it allows the investor to have a good average buying price, which eventually becomes the reason for the person to make good profits over time. People need to understand that the DCA strategy is used by people to invest in Bitcoin without worrying about its price, they simply buy with a fixed amount after a fixed number of days or so, and they don't look at the price before doing so, mostly. When you do this, it means you are buying even when the market is at $40k, or when it is at $80k, and when you finally stop buying and then you see the average buying price if you have been noting everything down, you will realize that the average buying price is actually pretty low.

We all know MicroStrategy, right? They use the DCA method to make their purchases, which is why they have a pretty good average buying price, and they are in pretty good profit right now. They also took some profit at one point, if I'm not wrong, and that's what retail investors can do as well. You don't need to hold forever, you can always take profit when the market goes pretty high, and then continue your thing.

[Inwestour]

The DCA method is very good for any investors that investing in bitcoin, because that will minimise your risk and you will get your profit when is time. When you're not using DCA method you can easily lose your funds because you can't analyse thing well and that can make you lose your funds but when using DCA method everything can be going find and you won't loses much in your investment. Bitcoin investment is always best in crypto space and if you understand it very well you will surly achieve your goals. Just know that bitcoin is volatile and you need to be patient and you will face some challenges before you can probably succeed in it. If you can be patient for long term you will always get your goals at ends.

In this strategy, Bitcoin's volatility can be a benefit if you can exploit it. Buying during a bear market or at least during major corrections will give you a much greater advantage than buying weekly without regard for bull markets. However, as Saylor's strategy demonstrates, DCA can work even if you buy at highs, although in this case, your average price will be much higher than if you were to pick, and choose your buying times and do so primarily during bear markets.

[Bitcoin_Budha]

The DCA strategy doesn't guarantee profits in general, but it allows the investor to have a good average buying price, which eventually becomes the reason for the person to make good profits over time. People need to understand that the DCA strategy is used by people to invest in Bitcoin without worrying about its price, they simply buy with a fixed amount after a fixed number of days or so, and they don't look at the price before doing so, mostly. When you do this, it means you are buying even when the market is at $40k, or when it is at $80k, and when you finally stop buying and then you see the average buying price if you have been noting everything down, you will realize that the average buying price is actually pretty low.

We all know MicroStrategy, right? They use the DCA method to make their purchases, which is why they have a pretty good average buying price, and they are in pretty good profit right now. They also took some profit at one point, if I'm not wrong, and that's what retail investors can do as well. You don't need to hold forever, you can always take profit when the market goes pretty high, and then continue your thing.

I am new and still under learning process as I understand DCA is all about accumulating which will keep your funds on good level and this will always give you profit in long run because it's not all about quick profit it's about your saving now I am already started and have some good things which will give me good profit in long run.
Usually peoples want quick profit which is not good because if you are entering into this system you need to have your paperwork before then having better results now I have mindset I will never touch my Bitcoins for long time because I want to have good saving for me and kids in long run so its working perfect.

We all can't be MircorStrategy because they have enough sources, and they can do as they want here mostly are those have limited income, and they also have to manage their real life needs with this income as well, so I am not comfortable to go like them I will go as this is having for person who is having not enough luxury and want to be good after few years hopefully this will work for me and my kids to stay on good.

[Sim_card]

In this strategy, Bitcoin's volatility can be a benefit if you can exploit it. Buying during a bear market or at least during major corrections will give you a much greater advantage than buying weekly without regard for bull markets. However, as Saylor's strategy demonstrates, DCA can work even if you buy at highs, although in this case, your average price will be much higher than if you were to pick, and choose your buying times and do so primarily during bear markets.

When we are talking about DCA, you don't wait till the bear market or when there's a correction in price before you DCA, you DCA continously overtime both in the bear market and in the bull run in order for you to accumulate as many bitcoin as possible overtime which is the main purpose of DCA and not because you want to buy cheap.

This is why DCA is good because it keeps your accumulation journey ongoing with consistent and persistent, regular weekly buying 4-10 years and above. As a matter of fact, DCA enables you to accumulate more than the quantity of bitcoin you will accumulate with other strategies which is why DCAing when the price is cheap and stop when is high kills that goal.

[Popkon6]

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

Of course, the DCA strategy should be followed for Bitcoin investment. If the DCA strategy is used for Bitcoin investment, it will be very beneficial for beginners because beginners do not have much experience with the market and do not have to analyze when to open a position. If Bitcoin is invested in the DCA method, there will be an average price due to the fall and pumping of Bitcoin, which will make the investment much more successful.

The DCA method is not only beneficial for beginners but rather it is beneficial to anyone who is using it rightly because there are folks today that are using the DCA method and still they are finding it difficult to accumulate Bitcoin using this method and sometimes this is due to mentality and plan, some don't plan on holding for long term but they want to joke around with the market feeling they can outsmart it not knowing they are fooling themselves because they will later understand that they have really messed up especially when the odd is against them and their plan, that is why we should have long term mindset.

Every Bitcoin holder who holds Bitcoin for a long time using the DCA method can be successful. The chances of failure if you invest in Bitcoin using the DCA method are very low, you see and think that even if new people join it, they will be able to get the maximum benefit and be successful. Because if you can hold Bitcoin for a long time by investing every week or month, then your Bitcoin investment will definitely be successful. And the cash will be used for the right purpose and the waste of money will be reduced.
Because the wasted cash that would have been wasted can be used for future savings by purchasing Bitcoin and holding it for a long time, and there will be a possibility of getting the maximum benefit.

[Merit.s]

The DCA strategy doesn't guarantee profits in general, but it allows the investor to have a good average buying price, which eventually becomes the reason for the person to make good profits over time. People need to understand that the DCA strategy is used by people to invest in Bitcoin without worrying about its price, they simply buy with a fixed amount after a fixed number of days or so, and they don't look at the price before doing so mostly. When you do this, it means you are buying even when the market is at $40k, or when it is at $80k, and when you finally stop buying and then you see the average buying price if you have been noting everything down, you will realize that the average buying price is actually pretty low.

We all know MicroStrategy, right? They use the DCA method to make their purchases, which is why they have a pretty good average buying price, and they are in pretty good profit right now. They also took some profit at one point, if I'm not wrong, and that's what retail investors can do as well. You don't need to hold forever, you can always take profit when the market goes pretty high, and then continue your thing.

When using DCA to accumulate bitcoin, it's not compulsory that you use a fixed amount of money to buy bitcoin because your monthly expenses and needs varies from month to month. If you're someone with a small discretionary income, it will affect the amount of money that you will use to buy bitcoin weekly regularly. For example, expenses for this week is higher than usual , I will have lower discretionary income and lower bitcoin purchase and vice versa.

The most important thing is that you keep DCAing irrespective of the amount of money that is left as your discretionary income to keep your accumulation journey ongoing. Only rich folks and companies can use a fixed amount of money to DCA. Strategy didn't even used a fixed amount of money to DCA.

[Zanab247]

The DCA method is very good for any investors that investing in bitcoin, because that will minimise your risk and you will get your profit when is time. When you're not using DCA method you can easily lose your funds because you can't analyse thing well and that can make you lose your funds but when using DCA method everything can be going find and you won't loses much in your investment. Bitcoin investment is always best in crypto space and if you understand it very well you will surly achieve your goals. Just know that bitcoin is volatile and you need to be patient and you will face some challenges before you can probably succeed in it. If you can be patient for long term you will always get your goals at ends.

In this strategy, Bitcoin's volatility can be a benefit if you can exploit it. Buying during a bear market or at least during major corrections will give you a much greater advantage than buying weekly without regard for bull markets. However, as Saylor's strategy demonstrates, DCA can work even if you buy at highs, although in this case, your average price will be much higher than if you were to pick, and choose your buying times and do so primarily during bear markets.

I believe you can see many companies that are into BTC investment these days, because there are benefits for those that will hodl BTC for long periods of time before they can sell to earn massive profits from BTC. There is no how you will have the knowledge of using DCA method to accumulate BTC, you will not like to use it all the time to accumulate BTC from the market, because is favourable to those that use it regularly in the market.

There are some buyers that are good in buying BTC during bear market, because they are ready to hodl BTC for long years before they can be convince to sell out their BTC to earn some thing different from other hodlers in the industry.