Does the DCA strategy inspire newbies to invest?

[Loyang]

DCa is a way more better strategy . All strategies comes with risk, no argument there. But when it comes to complexity, it is less complicated than other strategy.

Every investment method is very good. But we get many advantages through the DCA method compared to all other investment methods. For example, the average purchase price decreases or increases almost, it is very good for dealing with the fall, we are able to move forward with both investment and knowledge in a balanced way. For continuous purchase, he gets the opportunity to buy during the fall and his loss during the fall is very small. Etc. It helps to deal with many types of problems.

To use DCa you pick the amount that you could buy, you buy it, and then you move on with your life, what's complicated about that?

We need discretionary income to invest. Buying once is never called the DCA method. The DCA method is to create a large portfolio by continuously buying small amounts of money or reaching the goal of your portfolio.

Having a buying strategy of waiting for a decline and looking for the lowest price would be great if we could figure it out, unfortunately none of us know the future of bitcoin will have the lowest price at what price, if anyone can determine that and guarantee the truth it will be very easy for them to get rich, unfortunately that is not possible and the predictions circulating are just speculation, so indeed the level of risk in the strategy of buying looking for the price of the dip is very difficult, let alone the complexity.

Of all the existing strategies DCA is an accumulation strategy with a very low level of risk from the others, this will bring us the opportunity to get dip prices with the discipline of buying bitcoin from time to time, and this is a strategy that can be relied on by beginners, because beginners as their investment progresses must learn to be patient, form a mentality, strengthen psychology and read personal finances that with DCA it is the right choice.

We will never be able to find the lowest price of the Bitcoin market. Bitcoin is not under anyone's control. Bitcoin is completely decentralized, no person or government has control over Bitcoin. If it were included under someone, then maybe it could be said what the lowest price of Bitcoin would be.

[|MINER|]

Bitcoin’s history should serve as a promise and a guide of what to expect about Bitcoin investments in a couple of years.
That’s why, it would be of great advantage for beginners to invest using the DCA strategy because, you don’t get it all, the funds, the information required and still you need to invest, the DCA strategy is how you get going. It ensures you accumulate while acquiring knowledge at the same time. The DCA strategy cuts across every scenario that might hinder you from making investments, price, available funds, ignorance, not knowing when and not knowing much about Bitcoin, all that wouldn’t matter with the DCA strategy and that’s what makes it okay for beginners.

Well said.
It is true that in the new situation, most of the beginner public who hope to invest in Bitcoin are disappointed that they may not be able to invest because the price of Bitcoin is so high. The thing is that if they want to invest, they have to create a large amount and then invest, but in this place, the DCA strategy actually frees them from this disappointment and actually inspires them to invest.
However, it is also true that most new publics initially learn about it a little later, and even if they do learn about it earlier, they tend to distrust it and continue their investments based on the hype. Although, those who invest primarily with DCA strategies for the long term achieve success at the end of the day.

[Choyna]

I can only speak from my own experience. But I love the 'set & forget' of DCA.

I have a very busy life and can't really follow enough of what's going on to be a 'dynamic' investor. So a few years ago I just decided to set a weekly buy and don't even think about it.

My personal mantra: I spend in fiat and save in bitcoin.

[Xackie]

That’s correct. The DCA strategy isn’t just a smooth sail like some folks might think or even imagine it to be, it comes with its own complexities and risks too and most of the times, these complexities can be individual, depending on the investor’s individual position.

DCa is a way more better strategy . All strategies comes with risk, no argument there. But when it comes to complexity, it is less complicated than other strategy.

To use DCa you pick the amount that you could buy, you buy it, and then you move on with your life, what's complicated about that?

Even if investor position interfare with the advantage of them to take advantage of the market and ongoingly buy with DCa, that would be nothing compared to the complexities of those that fucks around waiting for dip. The complexity these lot could face would be for them to time the price bottom, decide when to wait and the perfect time time buy. And it just isn't worth it when they could just DCa

DCa is truly what everyone should get on with if they have not.

I agree with you. DCA is a very good approach, it's simple and removes too much stress from investing. Alot of people lose money in Bitcoin, not because Bitcoin is bad but  it's because they try to time the market and overthink every move. Or at times they use what they can't afford to lose to invest which makes them to take drastic decisions base on their emotions. Yes at waiting for dip is okay but most times the chances of the dip happening is very low. At times even if there is a dip , some people won't still buy because of fear of the market going down further. That's why DCA works best, you just need to be consistent and  disciplined.

[Hazink]

Use discretionary income to accumulate Bitcoin.Bitcoin is a very important asset. The value of Bitcoin will increase a lot in the future. New investors need to know about Bitcoin investment because they are not very knowledgeable yet because the price of Bitcoin is volatile. Every price is the right determinant for buying Bitcoin because currently the price of Bitcoin is very low.

Bitcoin's price is likely to increase in the near future, but it's not something you say with complete certainty, as if the power to control the price is in your hands. A volatile asset is not only to go in one particular price other sometimes when you least expect it, you see of drop below what you have been predicting, we just have to let new investors know that it's not a place to get rich quick expect for the worst who's choosing to invest in it.

[Juse14]

Use discretionary income to accumulate Bitcoin.Bitcoin is a very important asset. The value of Bitcoin will increase a lot in the future. New investors need to know about Bitcoin investment because they are not very knowledgeable yet because the price of Bitcoin is volatile. Every price is the right determinant for buying Bitcoin because currently the price of Bitcoin is very low.

Bitcoin's price is likely to increase in the near future, but it's not something you say with complete certainty, as if the power to control the price is in your hands. A volatile asset is not only to go in one particular price other sometimes when you least expect it, you see of drop below what you have been predicting, we just have to let new investors know that it's not a place to get rich quick expect for the worst who's choosing to invest in it.

The price of bitcoin will definitely continue to increase and that's all you have to know, don't get involved in short-term speculation because your DCA will be affected on that so you will continue to wait for something uncertain and what you will regret is that your DCA will stop when thinking about it.
There is no get rich quick way, even people who buy bitcoin from the beginning of bitcoin being widely traded they need to wait until 2025 to feel $100k+ per piece and become a rich man from your investment in bitcoin, which means grasping the long term must be your principle in investing in bitcoin because that will give us the answer that decent profits cannot be obtained instantly, you have to be patient, while now that it is already at a discount price of more than 40% then take advantage of it to do DCA and stack your bitcoin so that your life is much better in the future or old age later or even become a valuable inheritance for your descendants.

[Hardyrobust]

Use discretionary income to accumulate Bitcoin.Bitcoin is a very important asset. The value of Bitcoin will increase a lot in the future. New investors need to know about Bitcoin investment because they are not very knowledgeable yet because the price of Bitcoin is volatile. Every price is the right determinant for buying Bitcoin because currently the price of Bitcoin is very low.

Bitcoin's price is likely to increase in the near future, but it's not something you say with complete certainty, as if the power to control the price is in your hands. A volatile asset is not only to go in one particular price other sometimes when you least expect it, you see of drop below what you have been predicting, we just have to let new investors know that it's not a place to get rich quick expect for the worst who's choosing to invest in it.

volatility is one thing that anyone that is interested in buying bitcoin should understand. Bitcoin is volatile in nature having this mind won't make us to panick whenever there is a dip.
Yes bitcoin been a volatile asset, its price won't always go in one direction. Sometimes the market maybe bullish as well as bearish understanding this will make us to understand how the market works. As a result of volatility bitcoin isn't good for trading especially for those that see bitcoin as means of making quick profit.

[Obulis]

Bitcoin previous success may not change the price of bitcoin today but it changes so many things about bitcoin , especially how people see bitcoin. I believe so many years ago there people that was so much afraid to invest in bitcoin because there weren't sure of it.

Bitcoin’s history should serve as a promise and a guide of what to expect about Bitcoin investments in a couple of years.

That’s why, it would be of great advantage for beginners to invest using the DCA strategy because, you don’t get it all, the funds, the information required and still you need to invest, the DCA strategy is how you get going. It ensures you accumulate while acquiring knowledge at the same time. The DCA strategy cuts across every scenario that might hinder you from making investments, price, available funds, ignorance, not knowing when and not knowing much about Bitcoin, all that wouldn’t matter with the DCA strategy and that’s what makes it okay for beginners.

The fear to invest in Bitcoin years back made some people not to have accumulated a lot of Bitcoin now and definitely made fortune from Bitcoin by now. These fear has left some handicapped that they have lost the drive to invest in Bitcoin all in the name of trying to foresee the future of Bitcoin. Life is very funny, going out to buying that car, what makes you think you will be the one to be driving it the next month. You didn't buy the car because you know you are going to spend 100+ years on earth as in being sure.

Just want to ask? I guess people here should ask this question to any still skeptical about Bitcoin!
"what's still the fear about Bitcoin? Skepticism or fear of ponzi like the initial period?"

The combo of DCA strategy and the use of discretionary funds should be a building drive for a newbie to gather stash of Bitcoin as much as possible while learning continues.

[Smartvirus]

Just want to ask? I guess people here should ask this question to any still skeptical about Bitcoin!
"what's still the fear about Bitcoin? Skepticism or fear of ponzi like the initial period?"

The combo of DCA strategy and the use of discretionary funds should be a building drive for a newbie to gather stash of Bitcoin as much as possible while learning continues.

I’ll say both, skepticism and of Ponzi schemes especially given the part of the continent you’re from. Don’t be surprised, even up to this day, a lot of persons don’t know what Bitcoin is. People don’t understand it to be actual money.

I was involved in a discussion with some one days ago and I managed to ask this… I was like, “all these years you’ve always heard about Bitcoin right and it must have tickled your fancy so” and the individual answered “yes” and I asked “what then is Bitcoin?” Believe me, he had zero idea, nothing to contribute to it rather than blab and blab. Then you ask yourself, of what use was being curious or skeptical?

When you become curious about a thing or concept, you’ve got to match that curiosity with a research and get necessary details on your curiosity. That’s the path toward learning something entirely new and that’s how people might get to have great interest and invest in Bitcoin.