Does the DCA strategy inspire newbies to invest?

[kawetsriyanto]

DCa method is a good method but it doesn't remove volatility and neither is it a fear removal method, what it does is to mitigate the full impact of volatility, making it easier for people to invest with without cash they have.

If people are afraid to invest in Bitcoin, they won't buy Bitcoin. No strategy enables to remove the fear feeling. It is related to the mentality and the insight of individual, it isn't related to the strategy in Bitcoin investment. 

Well, people mostly use DCA because they want to buy gradually due to the effectivity of entry method or they may have limited money to use for purchasing Bitcoin. Sure, it will never remove the volatility because it is the nature of Bitcoin. As long as Bitcoin is decentralized, Bitcoin will remain having high volatility. But this is also an interesting aspect of Bitcoin, that high volatility enables us to gain potential huge profits.

Yeah volatility can scare the hell out of people making them to do dumb things, that is why it is important to invest only what can be afforded to loose so that these fear wouldn't lead you sell what you have accumulated already.

That's why everyone who wants to invest in Bitcoin, they must know well the nature of Bitcoin and how to deal with the volatility. People who know well Bitcoin, they will view the volatility as a potential thing for grabbing money in this industry.

[Chifather247]

There's no certain strategy could make a newbie inspired to invest with bitcoin. What I more believe is the profitability of the coin will make them try to participate on this activity or investment decision since they believe they can get something with this coin.

DCA method is a helpful guide for them to determine if they are doing right with their investment and don't get fooled with it. If asking the outcome even if DCA strategy is working method its still up for the person doing well if they do all of things and they mixed everything up with patience. DCA is for long term and people should not mislead about taking profits by using it for short term.
[/quote]
Well said and you are on point THIS DCA strategy is for a long term investment,not for people  who are investing for fast profits

[Chifather247]

Investing in Bitcoin using Dollar Cost Averaging DCA method is good especially for beginners. This method reduces stress by avoiding constant price checks. It offers four benefits like less worry about price changes and buying Bitcoin at different prices and selling some when prices swing and growing investments long term. If anyone want get most out of DCA learning how to use it correctly is key.

Dollar Cost Averaging is an efficient investment strategy for all investors, not only beginners. It can be more helpful for beginners who are most vulnerable to news, fud, market volatility as well as lack of proper risk and capital management with their limited experience in this market.

This strategy can help investors to gradually invest their money into bitcoin, do their bitcoin accumulation gradually with time. It reduces time they need to watch the market for finding good entries and can give them more time for doing other things, especially working for money to buy more bitcoin. With DCA strategy, investors no longer need to find good or best entries, because basically it's very challenging or impossible to find such entries.

Investors need to have both, entries and exits, and there is a helpful Withdrawal strategy.
[ANN] JJG Sustainable Bitcoin Withdrawal Strategy
https://bitcoindata.science/withdrawal-strategy

"Yes That's what I'm saying, DCA helps you focus on the journey, not just the destination. You keep buying, no matter what, and you'll be surprised how heavy your portfolio is already...

[AuchanX]

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.

DCa method is a good method but it doesn't remove volatility and neither is it a fear removal method, what it does is to mitigate the full impact of volatility, making it easier for people to invest with without cash they have.

Yeah volatility can scare the hell out of people making them to do dumb things, that is why it is important to invest only what can be afforded to loose so that these fear wouldn't lead you sell what you have accumulated already.

Yes, it is true that DCA does not eliminate volatility. But it averages out the effect of volatility. Another does not eliminate it, but rather averages out its effect. However, an important aspect here is that DCA is essentially a behavioral strategy. Most retail investors fail to time the market because they make decisions based on emotion. DCA helps us reduce those emotional mistakes by investing a fixed amount regularly. Especially in highly volatile assets like Bitcoin, investing a large amount at a time can increase our mental stress. But investing in stages absorbs market fluctuations in the average price and this helps us create a stable average cost in the long run. History shows that those who have held Bitcoin consistently for a long time have benefited more by ignoring short term fluctuations.
However, one thing is clear to us DCA is not magic.  If we invest money that we will need later in our daily lives, we may feel psychologically stressed during market drops, and the possibility of losing money due to wrong decisions such as selling at a low price increases. Therefore, risk management, a long term view, and proper position sizing are all equally important with DCA.

[Olatundespo]

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.

DCa method is a good method but it doesn't remove volatility and neither is it a fear removal method, what it does is to mitigate the full impact of volatility, making it easier for people to invest with without cash they have.

Yeah volatility can scare the hell out of people making them to do dumb things, that is why it is important to invest only what can be afforded to loose so that these fear wouldn't lead you sell what you have accumulated already.

If you were involved in DCA you probably wouldn't be making this comment. Don't get me wrong I haven't heard anyone say Bitcoin can't eliminate volatility. You probably aren't doing Bitcoin with discretionary income. You're never going to reduce volatility by doing DCA with a family-owned fund. The best strategy for accumulating Bitcoin in a DCA strategy is to reduce financial stress for investors of any income. Use discretionary income to accumulate Bitcoin, build an emergency fund, this fund will keep your Bitcoin holdings safe for the long term investment journey without withdrawals. Keep a floating cash fund available to make good use of price declines.

[Catenaccio]

If you were involved in DCA you probably wouldn't be making this comment. Don't get me wrong I haven't heard anyone say Bitcoin can't eliminate volatility. You probably aren't doing Bitcoin with discretionary income. You're never going to reduce volatility by doing DCA with a family-owned fund. The best strategy for accumulating Bitcoin in a DCA strategy is to reduce financial stress for investors of any income. Use discretionary income to accumulate Bitcoin, build an emergency fund, this fund will keep your Bitcoin holdings safe for the long term investment journey without withdrawals. Keep a floating cash fund available to make good use of price declines.

Volatility is part of the world, from societies, human to any mechanic systems, just big or small volatility. In all markets, there is volatility and Bitcoin market is volatile too, so in other words it is right to say Bitcoin can't eliminate volatility. Volatility in Bitcoin market is only big or small, it's different with time especially with bullish and bearish markets, volatility would be very different too.

DCA strategy is a good one for long term investor, not because it eliminates Bitcoin market volatility or effects on an investor. It is only helpful in its way of eliminating need of finding best prices and perfect time in the market for investors' entries and exits. By that practical helpfulness, DCA strategy can help investors to do their Bitcoin accumulation, holding and withdrawal (take profit) more comfortably with less emotional and psychological effects under market volatility.

[Obulis]

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.

Well to an extent the mindset to just make profits is not without fear of losing out should they invest in Bitcoin and this kind of mindsets are usually taken by buying the dip that has to do with waiting. The intention is just very clear that when waiting for the dip, the agenda is mostly to make quick gains which is not without fear of when best to buy to be able to make quick gains.

[Merit.s]

DCA strategy is a good one for long term investor, not because it eliminates Bitcoin market volatility or effects on an investor. It is only helpful in its way of eliminating need of finding best prices and perfect time in the market for investors' entries and exits.

DCA accumulation strategy gives an investor the opportunity to accumulate a good quantity of bitcoin that he wouldn't have been able to accumulate without using DCA

By that practical helpfulness, DCA strategy can help investors to do their Bitcoin accumulation, holding and withdrawal (take profit) more comfortably with less emotional and psychological effects under market volatility.

I don't understand how DCA will help you in withdrawing from your bitcoin investment when you have reached your over accumulation stage. DCA is only to build gradually, slow and steady and not for selling because if you want to be taking profits every week just like you were buying regularly weekly before you know it, you will sell too many bitcoin too soon as start regretting your actions.

When it comes to withdrawal strategy, you should use a sustainable withdrawal method which will allow you to take profits once in a while without affecting the growth of your bitcoin portfolio through its compounding effect.

[Rubuchi]

"Yes That's what I'm saying, DCA helps you focus on the journey, not just the destination. You keep buying, no matter what, and you'll be surprised how heavy your portfolio is already...

you are on point when you spoke about the importance of DCA in your assertions above. If you are going to be more comfortable investing even at a period like this where we are faced with many different uncertainties the best way you can go about it is through the DCA approach especially when you have a roll out plan already and you do not want to risk stopping it to avoid discontinuation, then the best way to go about things is to go into the DCA approach.

[Joeboy]

Investing in Bitcoin using Dollar Cost Averaging DCA method is good especially for beginners. This method reduces stress by avoiding constant price checks. It offers four benefits like less worry about price changes and buying Bitcoin at different prices and selling some when prices swing and growing investments long term. If anyone want get most out of DCA learning how to use it correctly is key.

Dollar Cost Averaging is an efficient investment strategy for all investors, not only beginners. It can be more helpful for beginners who are most vulnerable to news, fud, market volatility as well as lack of proper risk and capital management with their limited experience in this market.

This strategy can help investors to gradually invest their money into bitcoin, do their bitcoin accumulation gradually with time. It reduces time they need to watch the market for finding good entries and can give them more time for doing other things, especially working for money to buy more bitcoin. With DCA strategy, investors no longer need to find good or best entries, because basically it's very challenging or impossible to find such entries.

Investors need to have both, entries and exits, and there is a helpful Withdrawal strategy.
[ANN] JJG Sustainable Bitcoin Withdrawal Strategy
https://bitcoindata.science/withdrawal-strategy

"Yes That's what I'm saying, DCA helps you focus on the journey, not just the destination. You keep buying, no matter what, and you'll be surprised how heavy your portfolio is already...

For those folks who are just getting into Bitcoin, DCA will not get you a heavy portfolio in a couple days or a couple of weeks... To grow a meaningful portfolio, folks would have to ensure that they adopt some level of aggressiveness and consistency while making use of DCA.... Though folks may have different definitions as to what they consider a heavy portfolio, but then I like suggesting that folks ensure that their target isn't based on a short term mindset since Bitcoin involves  long term cycle... They should ensure that there target doesn't go below the minimum of a 4 yrs timeline...

[Baki202]

Volatility is part of the world, from societies, human to any mechanic systems, just big or small volatility. In all markets, there is volatility and Bitcoin market is volatile too, so in other words it is right to say Bitcoin can't eliminate volatility. Volatility in Bitcoin market is only big or small, it's different with time especially with bullish and bearish markets, volatility would be very different too.

Volatility have been come part of every market there periods that things might seem to okay and there times that the might will start going down and that is exactly what everyone is experiencing in the crypto market there was a time people were all concerned about the all time high and now the whole thing is looking different and not everyone is talking about the market and what people need to know is that the market will not always be green so I feel like things are going to be different because it not what they want to see some might even want to sell, people need to be more patient about everything.

DCA strategy is a good one for long term investor, not because it eliminates Bitcoin market volatility or effects on an investor. It is only helpful in its way of eliminating need of finding best prices and perfect time in the market for investors' entries and exits. By that practical helpfulness, DCA strategy can help investors to do their Bitcoin accumulation, holding and withdrawal (take profit) more comfortably with less emotional and psychological effects under market volatility.

And having the idea of doing a long time investment is good but you have to be serious be honest people want to invest either through DCA or Dip but the same time a lot of people are scared because they don't want to be patient and that is why they are scared because when you buy when the price appreciates you can even decide to buy that is the only way that a lot of things can be accomplished, you will accumulate more through the DCA but another father is when it comes to emotions not everyone can actually control there emotions which is what have affected a lot of holders and they even end up selling.

[Tmoonz]

Investing in Bitcoin using Dollar Cost Averaging DCA method is good especially for beginners. This method reduces stress by avoiding constant price checks. It offers four benefits like less worry about price changes and buying Bitcoin at different prices and selling some when prices swing and growing investments long term. If anyone want get most out of DCA learning how to use it correctly is key.

Dollar Cost Averaging is an efficient investment strategy for all investors, not only beginners. It can be more helpful for beginners who are most vulnerable to news, fud, market volatility as well as lack of proper risk and capital management with their limited experience in this market.

This strategy can help investors to gradually invest their money into bitcoin, do their bitcoin accumulation gradually with time. It reduces time they need to watch the market for finding good entries and can give them more time for doing other things, especially working for money to buy more bitcoin. With DCA strategy, investors no longer need to find good or best entries, because basically it's very challenging or impossible to find such entries.

Investors need to have both, entries and exits, and there is a helpful Withdrawal strategy.
[ANN] JJG Sustainable Bitcoin Withdrawal Strategy
https://bitcoindata.science/withdrawal-strategy

"Yes That's what I'm saying, DCA helps you focus on the journey, not just the destination. You keep buying, no matter what, and you'll be surprised how heavy your portfolio is already...

For those folks who are just getting into Bitcoin, DCA will not get you a heavy portfolio in a couple days or a couple of weeks... To grow a meaningful portfolio, folks would have to ensure that they adopt some level of aggressiveness and consistency while making use of DCA.... Though folks may have different definitions as to what they consider a heavy portfolio, but then I like suggesting that folks ensure that their target isn't based on a short term mindset since Bitcoin involves  long term cycle... They should ensure that there target doesn't go below the minimum of a 4 yrs timeline...

It is not how far one has gone that matters most what is mostly important is how well is your investment, secondly because DCA is considered to be buying Bitcoin in smaller quantity in different intervals instead of buying all at once doesn't mean people don't buy large amount of Bitcoin and still consider it DCA, the truth is what is big for you might be small for the next man, people are not accumulating Bitcoin through DCA just for couple of days or weeks it is for long term purposes and remember that even buying in smaller quantities over times when put together can give a reasonable size overall, forks should only adopt or maintain that level of aggressiveness that suits their personal circumstances without over doing it because they can't be overly aggressive just because they want to grow a heavy or meaningful portfolio since doing that is more likely to be gambling than investing.

[Rahulkirford]

Is there anyone that can explain how this DCA works, I only buy bitcoin whenever I feel like or when price is dipping, because I know that it will surely recover.  I started seeing DCA on people post on this forum.

[Derekfunds]

Is there anyone that can explain how this DCA works, I only buy bitcoin whenever I feel like or when price is dipping, because I know that it will surely recover.  I started seeing DCA on people post on this forum.

First I want to believe the money or funds you are using to buy Bitcoin when you feel like, I hope it is from your discretionary income because if it is not from your discretionary income I will advise you stop and learn to get your discretionary income so that you won't have to panic or sell when there is a massive Dip. And as for dollar cost averaging ( DCA), this method of accumulation helps an investor both old and new to be accumulating weekly, monthly depending on their schedule without considering the market phase that is with the DCA method you can buy Bitcoin whether high or low price without any challenge.

[Chifather247]

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

see the importance of DCA can never be over emphasized when we mention btc or should i say investment,  because it teaches you how to invest without stress and worry, this kind of investment is for long term and even when there is dip and people are panicking sell, you wont feel threatened or borthered, because one is you  dont need the money immediately its for long term, also , it make us to understand at a glace that BTC is volatile, in market movements anything can happen  so we always have to invest what we can afford to loose

[Chifather247]

DCa method is a good method but it doesn't remove volatility and neither is it a fear removal method, what it does is to mitigate the full impact of volatility, making it easier for people to invest with without cash they have.

If people are afraid to invest in Bitcoin, they won't buy Bitcoin. No strategy enables to remove the fear feeling. It is related to the mentality and the insight of individual, it isn't related to the strategy in Bitcoin investment. 

Well, people mostly use DCA because they want to buy gradually due to the effectivity of entry method or they may have limited money to use for purchasing Bitcoin. Sure, it will never remove the volatility because it is the nature of Bitcoin. As long as Bitcoin is decentralized, Bitcoin will remain having high volatility. But this is also an interesting aspect of Bitcoin, that high volatility enables us to gain potential huge profits.

Yeah volatility can scare the hell out of people making them to do dumb things, that is why it is important to invest only what can be afforded to loose so that these fear wouldn't lead you sell what you have accumulated already.

That's why everyone who wants to invest in Bitcoin, they must know well the nature of Bitcoin and how to deal with the volatility. People who know well Bitcoin, they will view the volatility as a potential thing for grabbing money in this industry.

well said i totally agree with you, but in addition i just feel DCA, still falls under people trying to invest what tgey acn afford to lose not investing a large amount of money, just like saving a money you dont at the moment but for fearure purpose or to reach a traget

[Emeraldo]

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

Newbies that don't understand much about the DCA strategy might see it as too risky for the type of investment they want to engage in. The DCA is okay for people that want to be buying Bitcoin at intervals but not everyone can buy Bitcoin using this pattern.
Most investors might not have the money to be buying Bitcoin frequently because you might have to save money for sometime so that you can accumulate enough money that can buy Bitcoin and hold, waiting for the price of Bitcoin to go up before ever selling.

[Female King]

DCA strategy is a good strategy to use when accumulating bitcoin and i also believe that it has inspired new investors who has an interest to invest in bitcoin to start investing because this strategy is accessable to both low income earners and also high income earners, it's a strategy that an investor will use even when they don't have a big money to accumulate bitcoin with, with the DCA strategy an investor can start accumulating with the little discretionary income they have no mater the price of bitcoin you can buy regularly or any time you have your discretionary income maybe every weeks on month just depending on when you have your discretionary income available.

[Charcol]

DCA strategy is a good strategy to use when accumulating bitcoin and i also believe that it has inspired new investors who has an interest to invest in bitcoin to start investing because this strategy is accessable to both low income earners and also high income earners, it's a strategy that an investor will use even when they don't have a big money to accumulate bitcoin with, with the DCA strategy an investor can start accumulating with the little discretionary income they have no mater the price of bitcoin you can buy regularly or any time you have your discretionary income maybe every weeks on month just depending on when you have your discretionary income available.

And in volatile markets, DCA can be the best strategy to reduce our stress. However, DCA will only be profitable if we have discipline and a long-term perspective. But if we stop buying out of fear when the price falls, and buy more when the price rises, then the main benefits of DCA can be lost. And if we regularly invest a fixed amount due to Bitcoin's long-term uptrend, the average purchase price will be relatively stable and the timing risk will be reduced. I think this can create a safer mental structure than lump sum investments, especially for beginners. However, DCA does not mean buying blindly, it is very important to have our own custody, use a safe wallet, and stay within personal financial capabilities. And we have to take care that we do DCA with money that will not have a big impact on our personal life even if we lose it. It is not wise to do DCA by borrowing or using our emergency fund. Regular small amounts, long time, and this is our right security.

[PhilosopherKing]

Is there anyone that can explain how this DCA works, I only buy bitcoin whenever I feel like or when price is dipping, because I know that it will surely recover.  I started seeing DCA on people post on this forum.

Before you can use DCa effectively you have to quit timing the market or trying to buy bitcoin only during dip because you doing yourself more harm than good.

DCa stands for Dolar Cost Averaging and it is a method of ongoingly buying no matter the price. You are buying at a fixed time of your choosing. DCa do not assure you profit, so you still need to use DCa with what you can afford to loose.

To know more you can check this out.
https://thetradingbible.com/dollar-cost-averaging