Does the DCA strategy inspire newbies to invest?

[Rockstarguy]

Permit to say these that DCA strategy doesn't only inspire newbies to invest but mostly those investors that has been into the forum for so long and  yet are still afraid of investing because all their mindset is that once they invest into Bitcoin they might lose all they have invested with and while some investors are yet to invest in long run even with the DCA strategy is their for all  investors to make use of, i believe that of any investors or newbies are ready to have more profitable in Bitcoin he/she must be patient to take a risk and have patience with his Bitcoin in a longer term.

If you are afraid to invest in Bitcoin, the DCA method is not a guarantee for you to fear no more. The reason why people are scared to invest is volatility, and if this fear is there, with the DCA method you are accumulating Bitcoin, and the fear of volatility can cause you to sell all the Bitcoin that you have been able to accumulate.

The DCA strategy only helps people understand how to invest in Bitcoin with ease, irrespective of what is being earned as income. If you want to achieve a successful investment, the DCA method is there with a better understanding, but where there is no understanding of Bitcoin, the DCA method won't save you from making a profit in Bitcoin.

[tvplus006]

If you are afraid to invest in Bitcoin, the DCA method is not a guarantee for you to fear no more. The reason why people are scared to invest is volatility, and if this fear is there, with the DCA method you are accumulating Bitcoin, and the fear of volatility can cause you to sell all the Bitcoin that you have been able to accumulate. ..

This is the most common mistake of investors who use the DCA method. At a time when the market is in a bearish phase, it seems that now it will be possible to sell your BTC and buy them back at a lower price. But when the price decreases, such an investor does not buy BTC, expecting that the price will continue to decrease, and then, when the price starts to increase, he waits for it to decrease and eventually remains without BTC.

[Charcol]

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

The dollar cost averaging method of investing in Bitcoin simply means to continue investing process in which an investor keeps investing in the asset at a certain interval of time. Reason simply because he/she can not afford to invest in a whole full Bitcoin just once. And a good example of people who invest at a certain interval of time are salary workers, who may plan to invest a certain percentage of their salary in Bitcoin and keep accumulating it. So the outside or benefits of using the dollar cost averaging method is the fact that it keeps you to accumulate more Bitcoin by simply keeping aside a few portion each week or month.

The DCA method is important not only because it is not possible to buy a whole Bitcoin at once, but also as a strategy to deal with market volatility. The price of Bitcoin fluctuates a lot in a short period of time, so investing a large amount at once carries the risk of making an entry at the wrong time. DCA averages out that risk, because the average purchase price is relatively balanced by buying in stages at different prices. Anyone can use the DCA method, according to their own cash flow. Especially, if people with regular income invest a certain percentage of their salary, their personal budget is under control and mental stress is reduced. Because then they do not have to worry too much about short-term market fluctuations. In addition, people with irregular income can also customize the day they receive their income as a DCA. And the DCA strategy does not deprive anyone. However, DCA does not mean buying blindly..The most important thing is to invest in a planned way, taking into account your financial capacity, emergency fund, and risk tolerance.

[arwin100]

If you are afraid to invest in Bitcoin, the DCA method is not a guarantee for you to fear no more. The reason why people are scared to invest is volatility, and if this fear is there, with the DCA method you are accumulating Bitcoin, and the fear of volatility can cause you to sell all the Bitcoin that you have been able to accumulate. ..

This is the most common mistake of investors who use the DCA method. At a time when the market is in a bearish phase, it seems that now it will be possible to sell your BTC and buy them back at a lower price. But when the price decreases, such an investor does not buy BTC, expecting that the price will continue to decrease, and then, when the price starts to increase, he waits for it to decrease and eventually remains without BTC.

They are setting their own trap for thinking that its easy to do sell at high, then eventually buy when there's dip came. Since they might lose lots of opportunities or maybe even their money if they commit mistake for placing their orders.

Much better if they do DCA straightway because it removes doubt's or fears in their mind. Also they provably erase those thoughts goin unto stressful situations on which they need to monitor each market movement to spot those good timings, with this chance to miss lots of opportunity is so high and they might get afraid to start when they see the market pumps up again. Then as usual result of those bad decisions they made, they don't get anything and will just regret on why they didn't buy early. This is common problem of people doing such actions.

[MusaPk]

This is the most common mistake of investors who use the DCA method. At a time when the market is in a bearish phase, it seems that now it will be possible to sell your BTC and buy them back at a lower price. But when the price decreases, such an investor does not buy BTC, expecting that the price will continue to decrease, and then, when the price starts to increase, he waits for it to decrease and eventually remains without BTC.

Easier said then done that I will buy Bitcoin when it goes down and sell when it goes up. In reality we have to create a strategy to get benefit from Bitcoin and core aspect of that strategy will be to overcome our fear of investing in bitcoins. Once we overcome the fear of investing in bitcoin, we can rightly choose the strategy which full fill our requirements. The fear stops us from investing in Bitcoin when its gone down in price and thats something we need to overcome. 

[Popkon6]

This is the most common mistake of investors who use the DCA method. At a time when the market is in a bearish phase, it seems that now it will be possible to sell your BTC and buy them back at a lower price. But when the price decreases, such an investor does not buy BTC, expecting that the price will continue to decrease, and then, when the price starts to increase, he waits for it to decrease and eventually remains without BTC.

Easier said then done that I will buy Bitcoin when it goes down and sell when it goes up. In reality we have to create a strategy to get benefit from Bitcoin and core aspect of that strategy will be to overcome our fear of investing in bitcoins. Once we overcome the fear of investing in bitcoin, we can rightly choose the strategy which full fill our requirements. The fear stops us from investing in Bitcoin when its gone down in price and thats something we need to overcome. 

Bitcoin investment must be risky, but those who hesitate to buy Bitcoin basically hold Bitcoin for a short time and sell Bitcoin when they make a small profit. And they always think about buying Bitcoin but do not buy it. In the end, when the price of Bitcoin increases, they are left without buying Bitcoin. This mainly includes traders.
Those who are ideal Bitcoin investors basically follow the DCA method and invest in Bitcoin, so they can achieve great benefits if they are able to keep it for a long time.

[livingfree]

While this thread was made on November 2024. A year and a few months have passed and it's still relevant.

But this time, we're no longer dealing with the bull run but with the open arms bear market.

And this is one way to prove that DCA has always been so effective whatever is the situation of the market and whichever cycle that we are in.

If newbies aren't inspired with DCA, what strategy they'll choose? to lump sum? either way, as long as they have the initiative to accumulate, that's all what they have to be proactive with.

[Derekfunds]

This is the most common mistake of investors who use the DCA method. At a time when the market is in a bearish phase, it seems that now it will be possible to sell your BTC and buy them back at a lower price. But when the price decreases, such an investor does not buy BTC, expecting that the price will continue to decrease, and then, when the price starts to increase, he waits for it to decrease and eventually remains without BTC.

Easier said then done that I will buy Bitcoin when it goes down and sell when it goes up. In reality we have to create a strategy to get benefit from Bitcoin and core aspect of that strategy will be to overcome our fear of investing in bitcoins. Once we overcome the fear of investing in bitcoin, we can rightly choose the strategy which full fill our requirements. The fear stops us from investing in Bitcoin when its gone down in price and thats something we need to overcome. 

Some people are not actually sacred of investing in Bitcoin but rather the mindset to make profit and go out is what most people contemplate about. There are people that don't want to waste time on anything before they will get money or profit forgetting that there are/is not rosey thing in life, one ought to fight and strive to make things work, to get what they want and it won't come so easily that is for sure and untill some people accept this there is no way they will make progress unless they are fortunate so we should have a long term mindset and then invest with our discretionary.

[Hardyrobust]

This is the most common mistake of investors who use the DCA method. At a time when the market is in a bearish phase, it seems that now it will be possible to sell your BTC and buy them back at a lower price. But when the price decreases, such an investor does not buy BTC, expecting that the price will continue to decrease, and then, when the price starts to increase, he waits for it to decrease and eventually remains without BTC.

Easier said then done that I will buy Bitcoin when it goes down and sell when it goes up. In reality we have to create a strategy to get benefit from Bitcoin and core aspect of that strategy will be to overcome our fear of investing in bitcoins. Once we overcome the fear of investing in bitcoin, we can rightly choose the strategy which full fill our requirements. The fear stops us from investing in Bitcoin when its gone down in price and thats something we need to overcome. 

Some people are not actually sacred of investing in Bitcoin but rather the mindset to make profit and go out is what most people contemplate about. There are people that don't want to waste time on anything before they will get money or profit forgetting that there are/is not rosey thing in life, one ought to fight and strive to make things work, to get what they want and it won't come so easily that is for sure and untill some people accept this there is no way they will make progress unless they are fortunate so we should have a long term mindset and then invest with our discretionary.

To some people is just all about the profit. They try as much as they can to grab whatever opportunities they can. There intense is purely based on there motive.
Most traders act rashly as a result of fears , they may not actually plan to trade but immediately fears set in emotions overtake them. To some they see bitcoin as a way of.making quick profit.

[Tungbulu]

To some people is just all about the profit. They try as much as they can to grab whatever opportunities they can. There intense is purely based on there motive.
Most traders act rashly as a result of fears , they may not actually plan to trade but immediately fears set in emotions overtake them. To some they see bitcoin as a way of.making quick profit.

Seeing or considering  rock. As a w get rich quick scheme is nothing but a 1 way ticket to ruin and a terrible win, and the worst part of it all is that most folks who call themselves investors (especially the newbies) and the more they go the more lost they become in expectations because they’ll start buying bitcoins with hopes of cashing out in a matter of weeks or moneys, or even days which every one who’s a true investor would recognize that it hahah another trap.

[tvplus006]

To some people is just all about the profit. They try as much as they can to grab whatever opportunities they can. There intense is purely based on there motive...

You should not deceive yourself, we are all gathered here for this purpose to make a profit. And there is nothing shameful in this, we do not steal or cheat, but use the already proven DCA method in order to further ensure financial independence not only for ourselves, but also for our children.

[Glen Hoddle]

To some people is just all about the profit. They try as much as they can to grab whatever opportunities they can. There intense is purely based on there motive...

You should not deceive yourself, we are all gathered here for this purpose to make a profit. And there is nothing shameful in this, we do not steal or cheat, but use the already proven DCA method in order to further ensure financial independence not only for ourselves, but also for our children.

We hold Bitcoin for the future, because I will earn more benefits from the amount of Bitcoin I deposit after a long time. But this Bitcoin investment should also be made for the sake of my children, the longer the Bitcoin investment, the more benefits will be earned. Therefore, Bitcoin should be invested in a long-term manner and to eliminate future financial shortages.

[JayJuanGee]

To some people is just all about the profit. They try as much as they can to grab whatever opportunities they can. There intense is purely based on there motive...

You should not deceive yourself, we are all gathered here for this purpose to make a profit. And there is nothing shameful in this, we do not steal or cheat, but use the already proven DCA method in order to further ensure financial independence not only for ourselves, but also for our children.

Profits is not necessarily a center motivation, except for people who have difficulties framing matters in other ways.

A person can invest in terms of a hedge, and surely ideas of financial freedom and sovereignty might be more achievable when the asset is profitable, yet profits still might not be the center motivation.

Surely we heard about ideas of not getting poor.. so we hold onto bitcoin since we consider it may well not lose value as much as other assets, yet surely the more that bitcoin's value appreciates, then the more options we may well have, yet we still might not be maniacally thinking about profits as you, tvplus006, want to frame the matter, as if you were a trader rather than an investor.

Traders think about profits a lot and perhaps so much that they are not able to build their holdings on an ongoing basis (whether it is in profits or not) for 4-10 years or longer, and surely after 10 years or more, we would likely feel better if our investment gets to profits, yet it might not matter as much as figuring out how many bitcoin  were accumulated and how much are they worth.. Whether they are in profits or not, if a guy started investing in in bitcoin at the age of 50 and he was able to accumulate a couple of years of his income (based on 15% per year), then he still may well be able to do something with his investment whether it is "in profits" or not, yet he figure that bitcoin was an asymmetric bet that might end up in profits, but it might not.. .He knew at the time he started investing and as he continued to invest, that the bitcoin may or may not end up in profits, yet he still considered it to be amongst the best places to put 15% of his income.

So stop trying to act like you are smarter than everyone else and proclaim that everyone is maniacally focused on profits, when you are merely imposing your own mental framework and presuming that everyone else thinks like you, when they don't necessarily think in those kinds of ways, which likely helps a lot of investors to actually get through their first 1-2 cycles in bitcoin when the price may well be up, down and sideways, and even including that there may well continue to be attacks on bitcoin and also bitcoiners..

To some people is just all about the profit. They try as much as they can to grab whatever opportunities they can. There intense is purely based on there motive...

You should not deceive yourself, we are all gathered here for this purpose to make a profit. And there is nothing shameful in this, we do not steal or cheat, but use the already proven DCA method in order to further ensure financial independence not only for ourselves, but also for our children.

We hold Bitcoin for the future, because I will earn more benefits from the amount of Bitcoin I deposit after a long time. But this Bitcoin investment should also be made for the sake of my children, the longer the Bitcoin investment, the more benefits will be earned. Therefore, Bitcoin should be invested in a long-term manner and to eliminate future financial shortages.

You (Glen Hoddle) seem to still be framing your motivation to invest in bitcoin in terms of "profits" like tvplus006 proclaims "everyone" to be doing.

[Bigjoe33]

To some people is just all about the profit. They try as much as they can to grab whatever opportunities they can. There intense is purely based on there motive...

You should not deceive yourself, we are all gathered here for this purpose to make a profit. And there is nothing shameful in this, we do not steal or cheat, but use the already proven DCA method in order to further ensure financial independence not only for ourselves, but also for our children.

We hold Bitcoin for the future, because I will earn more benefits from the amount of Bitcoin I deposit after a long time. But this Bitcoin investment should also be made for the sake of my children, the longer the Bitcoin investment, the more benefits will be earned. Therefore, Bitcoin should be invested in a long-term manner and to eliminate future financial shortages.

You (Glen Hoddle) seem to still be framing your motivation to invest in bitcoin in terms of "profits" like tvplus006 proclaims "everyone" to be doing.

I think making profits the driving motive of our investment sometimes leads to unnecessary pressure and panicking, especially when the price is not going your wish, which sometimes makes some investors take wrong decision about there investment, either to sell or tap from it since they are no longer sure of what next will happen. This of course makes them not to achieve there intended plan of increasing there portfolio and HODL for long.

Sure we know that we anticipate an increase or profit from our investments, but making it out driving motive for investing might make one begin to think or reason like a trader who is not relaxed when there is a decline but always wanting the price to climbing, acting as if he never knew that bitcoin fluctuates, and that's a whole lot of pressure.

Perhaps, we should approach our investment with the long term mentality, just accumulating and HODLing, after all, we should be investing from our discretionary, and so, we shouldn't be pressured by some declines we see since thats part of bitcoin characteristics

[cocadalcan]

To some people is just all about the profit. They try as much as they can to grab whatever opportunities they can. There intense is purely based on there motive...

You should not deceive yourself, we are all gathered here for this purpose to make a profit. And there is nothing shameful in this, we do not steal or cheat, but use the already proven DCA method in order to further ensure financial independence not only for ourselves, but also for our children.

We hold Bitcoin for the future, because I will earn more benefits from the amount of Bitcoin I deposit after a long time. But this Bitcoin investment should also be made for the sake of my children, the longer the Bitcoin investment, the more benefits will be earned. Therefore, Bitcoin should be invested in a long-term manner and to eliminate future financial shortages.

This is overly emotional talk. Set a specific time frame for accumulating Bitcoin like as 4-10 years. Bitcoin is not a fixed asset. The price of Bitcoin is volatile and can go up or down. Holding Bitcoin for the long term without a specific goal is just an emotional talk. You need to build physical assets and accumulate Bitcoin over the same period through discretionary income.

Investing in Bitcoin for the long term can result in high profits if the value of your holdings increases. But it is not guaranteed that the value of Bitcoin will continue to increase indefinitely. If you can hold down a risk tolerant fund you can holding Bitcoin for 10 years.

[JayJuanGee]

To some people is just all about the profit. They try as much as they can to grab whatever opportunities they can. There intense is purely based on there motive...

You should not deceive yourself, we are all gathered here for this purpose to make a profit. And there is nothing shameful in this, we do not steal or cheat, but use the already proven DCA method in order to further ensure financial independence not only for ourselves, but also for our children.

We hold Bitcoin for the future, because I will earn more benefits from the amount of Bitcoin I deposit after a long time. But this Bitcoin investment should also be made for the sake of my children, the longer the Bitcoin investment, the more benefits will be earned. Therefore, Bitcoin should be invested in a long-term manner and to eliminate future financial shortages.

You (Glen Hoddle) seem to still be framing your motivation to invest in bitcoin in terms of "profits" like tvplus006 proclaims "everyone" to be doing.

I think making profits the driving motive of our investment sometimes leads to unnecessary pressure and panicking, especially when the price is not going your wish, which sometimes makes some investors take wrong decision about there investment, either to sell or tap from it since they are no longer sure of what next will happen. This of course makes them not to achieve there intended plan of increasing there portfolio and HODL for long.

Sure we know that we anticipate an increase or profit from our investments, but making it out driving motive for investing might make one begin to think or reason like a trader who is not relaxed when there is a decline but always wanting the price to climbing, acting as if he never knew that bitcoin fluctuates, and that's a whole lot of pressure.

Perhaps, we should approach our investment with the long term mentality, just accumulating and HODLing, after all, we should be investing from our discretionary, and so, we shouldn't be pressured by some declines we see since thats part of bitcoin characteristics

These are fair points Bigjoe33 since even if we invest into bitcoin based on a presumption that in the long term we expect that the odds are pretty decent that the BTC prices will be inclined towards going up rather than down, yet it may well be the case that in the first 4 years and perhaps even longer (10 years or longer) guys may well be buying their bitcoin on a regular basis (such as weekly) no matter what is the price, and they are largely just focused on ongoingly building their bitcoin holdings without looking at the price, and surely there may well be some expectation that ongoingly buying the bitcoin has good chances of getting into profits, yet they likely realize that something like bitcoin is quite volatile and even under attack from different angles, so they are not guaranteed to be profitable from their bitcoin investment, yet if they measure how much they put into bitcoin (and they don't use any kind of leverage)  then the most that they could lose would be up to 100% - yet since bitcoin seems to be a pretty decent asymmetric bet to the upside, so even if they could lose 100%, there are various upside possibilities that go much higher than 100%, so then whether they get profits or not, there are decent chances of even great upside performance - yet they still might not be directly motivated by monitoring profits but instead perhaps just considering by the time they get to the point that they are going to need their investment, then they will have options in regards to such investment.

So if they start investing when they are around 50 years old, then maybe they are tentatively thinking that whatever the bitcoin is going to be worth in 15 years (when they are around 65 years old), then they will start to cash out of their bitcoin (perhaps sustainable withdrawal) starting around when they are 65 years old.  Ideas of profits are in there, yet they are still not centrally motivated by profits as tvplus006 seems to want to simplify and denigrate motives and to suggest that we are all motivated by the same narrow ways of thinking about our investment into bitcoin. .and yeah, I get the sense that guys who try to frame everything as transactional are the traders who might not even have any abilities to think about buying something (like bitcoin) and say that they are willing to ride it to zero... I recall early in my forum experiences, coming across some guys who were ongoingly proclaiming that "everyone needs to establish their exit criteria," and that is the same kind of narrow and inadequate trader mentality in which some of these traders think that they have all these matters of when to get in and when to get out figured out (as if investment fits into those same narrow frames)..

To some people is just all about the profit. They try as much as they can to grab whatever opportunities they can. There intense is purely based on there motive...

You should not deceive yourself, we are all gathered here for this purpose to make a profit. And there is nothing shameful in this, we do not steal or cheat, but use the already proven DCA method in order to further ensure financial independence not only for ourselves, but also for our children.

We hold Bitcoin for the future, because I will earn more benefits from the amount of Bitcoin I deposit after a long time. But this Bitcoin investment should also be made for the sake of my children, the longer the Bitcoin investment, the more benefits will be earned. Therefore, Bitcoin should be invested in a long-term manner and to eliminate future financial shortages.

This is overly emotional talk. Set a specific time frame for accumulating Bitcoin like as 4-10 years. Bitcoin is not a fixed asset. The price of Bitcoin is volatile and can go up or down. Holding Bitcoin for the long term without a specific goal is just an emotional talk. You need to build physical assets and accumulate Bitcoin over the same period through discretionary income.

Investing in Bitcoin for the long term can result in high profits if the value of your holdings increases. But it is not guaranteed that the value of Bitcoin will continue to increase indefinitely. If you can hold down a risk tolerant fund you can holding Bitcoin for 10 years.

You are the one who seems to be impractical, cocadalcan.

When guys get started investing in bitcoin, they may well not have specific goals.  Specifics of the goals do not necessarily need to be established in advance.

They might start out by considering themselves to be investing $100 per week and also to build up his back up funds to be 3 months of his expenses.. so then maybe they have tentative plans to potentially increase their weekly investment amount, yet when they start, they feel like they don't know much if anything about bitcoin, so they feel they are going to need to study bitcoin and also to solidify aspect of their cashflow management within the context of their 9 personal factors (that they have not figured out exactly, either).  Guys do not have to have all their specifics figured out when they get started investing in bitcoin.  In order to get started, all the newbie bitcoin investor needs to figure out is whether or not they have discretionary funds.  If they have discretionary funds they can get started and they can figure out various details as they go.