Does the DCA strategy inspire newbies to invest?

[Patikno]

DCA investment strategy is considered the best and most reliable strategy for investment. Basically, in this investment strategy, any professional can maintain the continuity of investment as desired. Those who do not know about DCA investment usually invest differently, they first save money and then use that money for investment at the same time, but DCA is different in this case, iwithout thinking about saving money, when the money is being set aside for investment, but that money is being invested. Based on how much money an investor is earning and how much money is left at the end of the month after all the expenses of this investor, the investor can decide how much money he can invest at the end of the month or at the end of the week. When investors plan to invest from the extra money, they will not feel any pressure to invest, then they will be able to comfortably hold that investment for a long time and will be able to maintain the continuity of investment.

DCa is not just for the professional. DCa allows for people to invest the amount that they can in whatever means and way they can, and so it does not matter if you are broke, average, wealthy, new to bitcoin, a professional, dca could be used by everyone.

DCa is the the best and safest strategy way to ongoingly buy bitcoin.

you are right about this , the DCA strategy isn't just for professional but for everyone that has discretionary income to invest with. Infact Newbies may find this strategy very safe to start with, since they can start with any amount using DCA strategy. There are people that may consider it safe to start with low amount since they are still new to bitcoin investment.
However I don't think if those that are broke can DCA since they may not have discretionary income to do so, unless they have if not DCA strategy isn't for such people.

The DCA strategy cannot be implemented by someone, who cannot allocate part of their income sources which can be used for investing, especially in crypto or Bitcoin. If someone wants to use the DCA (Dollar Cost Averaging) strategy for investing, they must have proper financial management to be able to spend it, and I think forcing yourself to do DCA from income that can't be spent, is unwise.

So, what is the solution?
- Well, you have to increase your income so you can do it, and this is intended to not interfere with finances for basic needs.

Maybe, someone else is asking, "How do I increase my income?"
- I suggest you look for additional work, or find a side hustle, or invest your time in improving your skills so you can use those skills to increase your income.

The point is, you must be truly prepared to provide funds that you can actually allocate to investments anywhere, including in Bitcoin, and I think this is what @Proty was referring to. Cmiiw.

[ultrloa]

You seem to not understand DCA, since DCA allows you to adjust your level of aggressiveness, so if a guy maximizes his level of aggressiveness, then DCA does not limit him from receiving the upside of a short-term BTC price increase.

Let's say that a guy has a practice of maximizing his DCA amount and every time that his money comes in and he is able to determine his discretionary funds, he puts 90% of his discretionary funds into bitcoin... some weeks he invests $100, other weeks he invests $10, and there might be weeks in which he invests $1k or more.  How is such a guy who is aggressively employing a DCA approach being limited by his DCA approach?

My point is that unlike trading where people can instant big profit, in DCA we have to spend some time in accumulating Bitcoins before we see good profit. DCA can no doubt work better if you increase your investment specially during dips like the one we are having right now. If someone is more aggressive during current dip then at the start of very next bull season he will be able to see profit on his investment. If one has understanding of DCA then he can defiantly tweak it to get profit even in short duration.

Maybe it can bring that profit that you mean, but there's no guarantee to get profits on trading. People are just exposing their self to much bigger risk if they are thinking about they can smoothly do profit taking on trading because that situation will not always gonna happen. One single mistake can broke them out that's why trading is not for everyone due to those risk factor involve.

It may take lots of time when doing DCA but better not to think about getting early profit, just come to think of it that you are just building your wealth for your consistent buying. Also if you think about increasing your budget to accumulate when there's a dip came actually that's good decision, because in that situation they can provably gain lots of Bitcoin. Maybe upon buying at dip we can see that we earn some profits if Bitcoin bounce or recovers. But better they forget about short term profit taking, since there's huge chance that they can possibly gain more if there's good news came and Bitcoin pump in next 4 years or on a decade.

[Sim_card]

If one has understanding of DCA then he can defiantly tweak it to get profit even in short duration.

A brand new investor shouldn't put making profits first when he starts his bitcoin investment so that he does not get carried away with little profits and lose focus on his long-term bitcoin investment goal.

 You should invest in bitcoin for your future and not in a short term even if you see profit in your portfolio because the longer you hodli your bitcoin portfolio and DCA overtime, the higher your profits in future. Don't because of little profits and turn into a trader overtime. This is why when you're DCAing, you should have a bitcoin target and do it consistently and persistently till you have reached your bitcoin target.

[Razmirraz]

If one has understanding of DCA then he can defiantly tweak it to get profit even in short duration.

A brand new investor shouldn't put making profits first when he starts his bitcoin investment so that he does not get carried away with little profits and lose focus on his long-term bitcoin investment goal.

 You should invest in bitcoin for your future and not in a short term even if you see profit in your portfolio because the longer you hodli your bitcoin portfolio and DCA overtime, the higher your profits in future. Don't because of little profits and turn into a trader overtime. This is why when you're DCAing, you should have a bitcoin target and do it consistently and persistently till you have reached your bitcoin target.

As a first step in investing in Bitcoin (especially beginners) you should focus on long-term investment goals and not get carried away by the excitement of small profits. Ideally, the best strategy is to invest in Bitcoin for the future, not just for the short term. Beginners should also know that Bitcoin investment goals must be clear and specific, so they can focus on predetermined targets and not be affected by unexpected price changes.

Therefore, it is highly recommended for beginners to use the DCA strategy because it can help reduce the risk of losses due to price fluctuations, increase long-term profits, and form good investment habits. It's also important to emphasize that investing in Bitcoin is a long-term journey, not a sprint. Therefore, beginners should always focus on their goals and avoid being overly tempted by small profits, as this can lead to a loss of direction and ruining their initial plans.

[ChocolateBitcoinK]

You seem to not understand DCA, since DCA allows you to adjust your level of aggressiveness, so if a guy maximizes his level of aggressiveness, then DCA does not limit him from receiving the upside of a short-term BTC price increase.

Let's say that a guy has a practice of maximizing his DCA amount and every time that his money comes in and he is able to determine his discretionary funds, he puts 90% of his discretionary funds into bitcoin... some weeks he invests $100, other weeks he invests $10, and there might be weeks in which he invests $1k or more.  How is such a guy who is aggressively employing a DCA approach being limited by his DCA approach?

My point is that unlike trading where people can instant big profit, in DCA we have to spend some time in accumulating Bitcoins before we see good profit. DCA can no doubt work better if you increase your investment specially during dips like the one we are having right now. If someone is more aggressive during current dip then at the start of very next bull season he will be able to see profit on his investment. If one has understanding of DCA then he can defiantly tweak it to get profit even in short duration.

It is very risky to achieve short-term success from Bitcoin, but when we decide to invest in Bitcoin in DCA through a consistent strategy, our risk will be greatly reduced. Consistency is important in achieving Bitcoin success, those who decided to collect more instead of panicking during the down market have achieved faster and better success in the next upward trend. We should try to buy more when the price drops with consistent investment, but in this case, one important thing is not to be aggressive beyond our ability, but we should first consider our financial situation, then if we have the ability, we should continue to buy dips with consistent investment. However, when we stick to long-term decisions, our decisions will be the best decisions, because Bitcoin is an asset where people have the opportunity to benefit the most in the long term, not the short term.

[Cgrexp]

For new investors, it is safe to start with small amounts and gradually move forward with the DCA method, but you need to be careful whether there is any left after deducting the necessary expenses. If you do not manage your cash flow, even small amounts of money can be lost. It is better to make small transactions at first until you gain sufficient knowledge about the exchange, wallet and Bitcoin system. If someone wants to buy, say $10 per week, then he first needs to know how much money he has on hand after his expenses. It is not necessary to know everything before starting to invest, but it is wise to have a basic idea.

[JayJuanGee]

As a newbie myself I think it is not that inviting. Investing for years without being able to access the amount doesnt feel that nice. I as a person would like to invest while still having ability to access my funds and cash out whenever I want but I think success demands sacrifice and you have to make them to be successful. If dca is the only way to become successful with Bitcoin then it is no problem for me to accept some doubts in order for success

You want to trade rather than invest?

I have a hard time seeing how you can build up your bitcoin holdings in less than 4 years.. what would be your plan?

You want to buy bitcoin for a couple of years, and then sell the bitcoin if it goes up 2x or more? and then buy back?

That would be a fantasy, and it is not likely to work out when you try to structure in that kinds of a way...

Historically the longer term buyers in bitcoin have done better than the traders, and sure a lot of stories about traders make it seem like the best and/or easiest way to make money, but the actual facts on the ground don't bear out trading to be better than investing for 95% or more of the people.  Are you banking on that you, as a trader-wannabe, will end up being the lucky one who happens to gamble with his bitcoin correctly?

None of us can for sure say that you would be wrong or end up losing more than you gain, even though we could proclaim that the odds are quite greatly stacked against you... which is also part of the problem that the traders fall into thinking that they will be the lucky (or more skillful) one who is able to overcome the odds.

You seem to not understand DCA, since DCA allows you to adjust your level of aggressiveness, so if a guy maximizes his level of aggressiveness, then DCA does not limit him from receiving the upside of a short-term BTC price increase.

Let's say that a guy has a practice of maximizing his DCA amount and every time that his money comes in and he is able to determine his discretionary funds, he puts 90% of his discretionary funds into bitcoin... some weeks he invests $100, other weeks he invests $10, and there might be weeks in which he invests $1k or more.  How is such a guy who is aggressively employing a DCA approach being limited by his DCA approach?

My point is that unlike trading where people can instant big profit, in DCA we have to spend some time in accumulating Bitcoins before we see good profit.

Your point seems to be even worse than what I was accusing you of... since at least if we were sticking with the idea of investing (rather than trading) which seems to be the topic of this thread, then the other options, besides DCA would be lump sump and buying on dips.

You want to compare trading to investing and to suggest that there are possibilities that trading might have situations in which it is short-term profitable without explaining it well. 

Sure there could be a possibilities of short term profits with trading and being able to take out the profits and spend those profits in one way or another that will bring satisfaction, and then what?  Does such a person buy back in and repeat?.. this seems like such a deviation from the topic.

Sure with trading the entry price might go up, and if the BTC keeps going up, he can cash out again and again and again as the price is going up.

But if the BTC price goes down, then does he get locked in, right? or does he cash out at a loss in order to get his money back to put into something else?

DCA can no doubt work better if you increase your investment specially during dips like the one we are having right now.

Buying on dips is different that DCA... and it is quite short-sighted to proclaim that buying on dips is going to give you better results than pure DCA.. since buying on dips could well lead to a slippery slope of waiting and strategizing rather than ongoingly buying.  There is nothing wrong with guys supplementing DCA with buying on dips, yet proclaiming that buying on dips is better than DCA is failing to account for the trade offs that involve the waiting aspect that might end up happening.

If a person is brand new to bitcoin (which might be a no coiner), then why the fuck should he start out with buying on dips rather than DCAing?  And, the same logic applies to guys who are trying to build their position and they have a 4-10 year or higher investment timeline, you think they are going to be better off to be fucking around with trying to figure out dips rather than ongoingly buying?

Don't get me wrong.  I am not against the employment off all three buying techniques, yet proclaiming that guys are going to be better off to try to time the dips hardly makes sense, especially since we don't really know which way the BTC price is going to go.. Do you think that you can know the BTC price direction in advance sufficient enough to proclaim that you would be better to wait for such dip rather than ongoingly buying? Yeah, after the fact we can maybe proclaim that we would have had been better to buy some bitcoin at $65k in February rather than at $126k in October, yet how are we going to know in advance?  When the BTC price was $126k, we probably could not have had high levels of assurance that the price was going to go below $120k ever again.

You might need to describe some kind of an example in which you think that a guys going to do better to be fucking around with trying to figure out dips rather than regularly buying.

If someone is more aggressive during current dip

How is it good to change your level of aggressiveness based on dips?  You get into the same trap as the guy waiting for dips, which means that the ONLY reason that you can increase aggressiveness is because you were not already aggressively investing with your DCA.

Again, don't get me wrong, since I have several times mentioned that guys might choose to hold back a certain percentage of their regular DCA for dips, such as 20%, yet there are trade-offs with such choices, and it is not automatically a better practice, as you seem to be suggesting, which is similar to what a lot of guys proclaim that they can increase their aggressiveness during dips. .which might not be a good idea.

then at the start of very next bull season he will be able to see profit on his investment.

And?  Are you planning to trade the waves of the bull season?  I thought that we were talking about investing here and not trading?  What is your timeline?  less than 4 years?  I would not consider that to be investing if your timeline is less than 4 years.

If one has understanding of DCA then he can defiantly tweak it to get profit even in short duration.

Your goal is to get profits in the short term? Why? are you selling in the short term too?  or you want to feel better on paper because you were able to get more sats for the same dollars that you injected?

Surely, I am not opposed to buying bitcoin cheaper if you have $100 and you could use that $100 to buy at $64,500 (the current price as I type this post), or you are going to be able to buy at a lower price in the near future, then sure, it would be better to buy the bitcoin at the lower price, yet how are you going to know in advance?   Right now you know it is $64,500, yet how you going to structure your supposedly genius, insightful and guru wannabe dip-buying practices?  It seems to be that you need more specifics regarding your supposed bitcoin price foreseeing abilities rather than just presuming that you are going to know when the dips are coming in advance. You know that one of the actual characteristics of DCA involves the regular-ness of buying that is based on when your money that comes available and dip buying is a different strategy - yet you want to proclaim that you can make it even better based on your supposedly being able to figure out when dips are coming in advance.

[edited out]

The DCA strategy cannot be implemented by someone, who cannot allocate part of their income sources which can be used for investing, especially in crypto or Bitcoin. If someone wants to use the DCA (Dollar Cost Averaging) strategy for investing, they must have proper financial management to be able to spend it, and I think forcing yourself to do DCA from income that can't be spent, is unwise.

So, what is the solution?
- Well, you have to increase your income so you can do it, and this is intended to not interfere with finances for basic needs.

Maybe, someone else is asking, "How do I increase my income?"
- I suggest you look for additional work, or find a side hustle, or invest your time in improving your skills so you can use those skills to increase your income.

The point is, you must be truly prepared to provide funds that you can actually allocate to investments anywhere, including in Bitcoin, and I think this is what @Proty was referring to. Cmiiw.

I agree with the general idea that discretionary income can be increased by increasing income, yet it can also be increased by cutting expenses, and sure increasing income might be preferred - even though sometimes there can be ways to cut some of the expenses, too...and sometimes even recategorizing wants and needs to realize that some expenses had been categorized as needs, even though they were wants... which means that sometimes wants can be either eliminated or maybe deferred...  Generally, needs cannot be eliminated or deferred.

If one has understanding of DCA then he can defiantly tweak it to get profit even in short duration.

A brand new investor shouldn't put making profits first when he starts his bitcoin investment so that he does not get carried away with little profits and lose focus on his long-term bitcoin investment goal.

 You should invest in bitcoin for your future and not in a short term even if you see profit in your portfolio because the longer you hodli your bitcoin portfolio and DCA overtime, the higher your profits in future. Don't because of little profits and turn into a trader overtime. This is why when you're DCAing, you should have a bitcoin target and do it consistently and persistently till you have reached your bitcoin target.

As a first step in investing in Bitcoin (especially beginners) you should focus on long-term investment goals and not get carried away by the excitement of small profits. Ideally, the best strategy is to invest in Bitcoin for the future, not just for the short term. Beginners should also know that Bitcoin investment goals must be clear and specific, so they can focus on predetermined targets and not be affected by unexpected price changes.

You have been on the forum since May 2017.  Did you have clear and specific goals when you started?

I doubt that beginners need clear and specific goals in order to get started.  Sure, maybe a beginner might start out by saying that every week, he is going to buy between $10 and $100 of bitcoin until he figures out his cashflow situation a bit better... and maybe he will tell himself that he wants to invest at least a couple of years, even though the beginner guy heard other saying that bitcoin investing needs to be 4-10 years or longer, yet he might not be willing to commit to anything longer than 1-2 years... He can still get started even though he has not completely resolved his timeline.

Therefore, it is highly recommended for beginners to use the DCA strategy because it can help reduce the risk of losses due to price fluctuations, increase long-term profits, and form good investment habits. It's also important to emphasize that investing in Bitcoin is a long-term journey, not a sprint. Therefore, beginners should always focus on their goals and avoid being overly tempted by small profits, as this can lead to a loss of direction and ruining their initial plans.

I agree with you that both the beginner and DCA allows for not needing to be worried about profits, and the guy can just figure out how much he is going to invest in bitcoin on a weekly basis (or whatever might be his investment increment) based on his funds as they come in.. and surely the guy might have various aspects of his income and/or his expenses that are messed up and even inconsistent.  He might have a variety of other loosely and even sloppy goals that might relate to his merely wanting to get his finances in better order.  Perhaps the guy earns around $30k per year, yet he has around $7k in various kinds of debt (like 3 different loans at differing interest rates) that he needs to attempt to resolve in the coming year.. so even though he decided to get started investing in bitcoin, there are various other aspects of his finances that are a wee bit messy, and he is still working out the specifics of his goals .. and at the same time, it seems to me that he can still get started, even though he has a variety of matters that he needs to work out.. Maybe he has expenses that are around $2k per month, even though his income is $2,500 per month, and maybe he only has around $900 in back up funds, so he knows that he has to build up his back up funds as he is also starting to build up his bitcoin investment too.. including his tentatively thinking to start out by putting $10 to $100 per week into bitcoin, depending on other aspects of his weekly finances as they work themselves out (and he tentatively plans to be more active in his monitoring of his future cashflows in order that he can build up a bitcoin investment).

You seem to not understand DCA, since DCA allows you to adjust your level of aggressiveness, so if a guy maximizes his level of aggressiveness, then DCA does not limit him from receiving the upside of a short-term BTC price increase.

Let's say that a guy has a practice of maximizing his DCA amount and every time that his money comes in and he is able to determine his discretionary funds, he puts 90% of his discretionary funds into bitcoin... some weeks he invests $100, other weeks he invests $10, and there might be weeks in which he invests $1k or more.  How is such a guy who is aggressively employing a DCA approach being limited by his DCA approach?

My point is that unlike trading where people can instant big profit, in DCA we have to spend some time in accumulating Bitcoins before we see good profit. DCA can no doubt work better if you increase your investment specially during dips like the one we are having right now. If someone is more aggressive during current dip then at the start of very next bull season he will be able to see profit on his investment. If one has understanding of DCA then he can defiantly tweak it to get profit even in short duration.

It is very risky to achieve short-term success from Bitcoin, but when we decide to invest in Bitcoin in DCA through a consistent strategy, our risk will be greatly reduced. Consistency is important in achieving Bitcoin success, those who decided to collect more instead of panicking during the down market have achieved faster and better success in the next upward trend. We should try to buy more when the price drops with consistent investment, but in this case, one important thing is not to be aggressive beyond our ability, but we should first consider our financial situation, then if we have the ability, we should continue to buy dips with consistent investment. However, when we stick to long-term decisions, our decisions will be the best decisions, because Bitcoin is an asset where people have the opportunity to benefit the most in the long term, not the short term.

I think that you have several of the right ideas ChocolateBitcoinK, yet I have difficulties understanding how you think that might be good to increase aggressiveness based on BTC price movements, since it is likely better to get your cashflow management into a stronger position before increasing aggressiveness.  it can be problematic to be focusing on price in regards to changing bitcoin buying aggressiveness rather than focusing on cashflows and the strengthening of cashflows (and perhaps back up systems) first.

[Obulis]

As a newbie myself I think it is not that inviting. Investing for years without being able to access the amount doesnt feel that nice. I as a person would like to invest while still having ability to access my funds and cash out whenever I want but I think success demands sacrifice and you have to make them to be successful. If dca is the only way to become successful with Bitcoin then it is no problem for me to accept some doubts in order for success

You want to trade rather than invest?

I have a hard time seeing how you can build up your bitcoin holdings in less than 4 years.. what would be your plan?

You want to buy bitcoin for a couple of years, and then sell the bitcoin if it goes up 2x or more? and then buy back?

That would be a fantasy, and it is not likely to work out when you try to structure in that kinds of a way...

Historically the longer term buyers in bitcoin have done better than the traders, and sure a lot of stories about traders make it seem like the best and/or easiest way to make money, but the actual facts on the ground don't bear out trading to be better than investing for 95% or more of the people.  Are you banking on that you, as a trader-wannabe, will end up being the lucky one who happens to gamble with his bitcoin correctly?

None of us can for sure say that you would be wrong or end up losing more than you gain, even though we could proclaim that the odds are quite greatly stacked against you... which is also part of the problem that the traders fall into thinking that they will be the lucky (or more skillful) one who is able to overcome the odds.

Fantasy indeed. When a newbie is working on an influence (which are but fantasy) received directly or indirectly they begin with mindset carried away by cash out. Hoping to make money within the possible nearest time becomes the target without minding how such move has not stand the testimony of majority and how such move (fantasy) has led to the total withdrawal of some people from Bitcoin.
Saying investing while having the ability to access the funds is making such idea look different from gambling but it one and the same or similar thing to gambling.

[As-Soon-As]

If one has understanding of DCA then he can defiantly tweak it to get profit even in short duration.

A brand new investor shouldn't put making profits first when he starts his bitcoin investment so that he does not get carried away with little profits and lose focus on his long-term bitcoin investment goal.

 You should invest in bitcoin for your future and not in a short term even if you see profit in your portfolio because the longer you hodli your bitcoin portfolio and DCA overtime, the higher your profits in future. Don't because of little profits and turn into a trader overtime. This is why when you're DCAing, you should have a bitcoin target and do it consistently and persistently till you have reached your bitcoin target.

If an investor prioritizes income, then he can sell his Bitcoin only when the price of Bitcoin is slightly higher. This will not allow him to succeed, it will create the biggest obstacle to success, but a person must plan for the future as expected and continue his investment in a long-term manner.
But I say to a person, you will continue to invest in your Bitcoin until you accumulate one Bitcoin. This will make the plan successful and possible to keep for a long time, so create this mindset and follow the DC and method regularly until you accumulate 1 Bitcoin.

[PhilosopherKing]

Buying on dips is different that DCA... and it is quite short-sighted to proclaim that buying on dips is going to give you better results than pure DCA.. since buying on dips could well lead to a slippery slope of waiting and strategizing rather than ongoingly buying.  There is nothing wrong with guys supplementing DCA with buying on dips, yet proclaiming that buying on dips is better than DCA is failing to account for the trade offs that involve the waiting aspect that might end up happening.

If a person is brand new to bitcoin (which might be a no coiner), then why the fuck should he start out with buying on dips rather than DCAing?  And, the same logic applies to guys who are trying to build their position and they have a 4-10 year or higher investment timeline, you think they are going to be better off to be fucking around with trying to figure out dips rather than ongoingly buying?

Don't get me wrong.  I am not against the employment off all three buying techniques, yet proclaiming that guys are going to be better off to try to time the dips hardly makes sense, especially since we don't really know which way the BTC price is going to go.. Do you think that you can know the BTC price direction in advance sufficient enough to proclaim that you would be better to wait for such dip rather than ongoingly buying? Yeah, after the fact we can maybe proclaim that we would have had been better to buy some bitcoin at $65k in February rather than at $126k in October, yet how are we going to know in advance?  When the BTC price was $126k, we probably could not have had high levels of assurance that the price was going to go below $120k ever again.

no buying techniques can comes close to outclassing DCa. The market is moving in pattern than can be impossible to time and predict, that is why the traders gets frustrated and make plenty mistakes because of how impossible it is to time the market.

But if DCa is uses, people will not worry to time the market just because they get to be ongoingly buying at their discretion notwithstanding the if the price is up or if it is down. To get the best of DCA people should not trade or be after profits if they ey are yet to get to at least a cycle in their accumulation.

And people do not have to wait for dip to be aggressive. They can aggressive with DCa if they have discretionary income to do so.

[RockBell]

I discovered that one of the best way to beat volatility as an investor is to buy consistently cause with that a positive result for long-term goal would be achieved. And since Bitcoin is a long-term term investment there's no other strategy that's best for it than the DCA because it ensure that investors maintain consistency with their accumulation.

For you to be serious investor and to be volatility you have to  consistently buying and the good thing is that since is a long time, that is the only way you beat volatility and how will you be able to do that the only way is for you to do what is called DCA that is the only that things are going to be better this time around so holding is even fun compare to trading were your heart break will be often, but for holding when the price goes down for sure it will come up.

Bitcoin as an investment option doesn't require that people should expect short-term gains, those who come into it for that should rather channel their energy to other investment or businesses that would give quick profits cause they’ll end up being disappointed and also regret if they go ahead to take profit in a short period.

It's not a quick rich scheme you have to wait and if you are waiting for short time goals then you are not ready to buy and hold because even as a holder you need to be patient, and that is the only way that this can be different so the opportunity given to buy have to be well utilized for you to buy and then your responsibility is just for you to hold, and those with this orientation don't have anything to lose.

[Big Dirams]

For you to be serious investor and to be volatility you have to  consistently buying and the good thing is that since is a long time, that is the only way you beat volatility and how will you be able to do that the only way is for you to do what is called DCA that is the only that things are going to be better this time around so holding is even fun compare to trading were your heart break will be often, but for holding when the price goes down for sure it will come up.

Trading does triggers emotions and give us high tension when we are facing some little drawbacks. Holding is a great way to also make profits in the crypto community and of course the with the help of DCA strategy a lot has become easier and more efficient for holders and new investors that are trying to make successful investments.
 DCA strategy helps to grow our holdings and no matter the market situation either making bullish movement or bearish movement our mind will always be at rest and peace not to get worry about the market situations because we have long term aim and not short term and also seeing market at dips gives us more opportunities and more reason to buy when we are applying DCA strategy.

[Bigjoe33]

As a newbie myself I think it is not that inviting. Investing for years without being able to access the amount doesnt feel that nice. I as a person would like to invest while still having ability to access my funds and cash out whenever I want but I think success demands sacrifice and you have to make them to be successful. If dca is the only way to become successful with Bitcoin then it is no problem for me to accept some doubts in order for success

You want to trade rather than invest?

I have a hard time seeing how you can build up your bitcoin holdings in less than 4 years.. what would be your plan?

You want to buy bitcoin for a couple of years, and then sell the bitcoin if it goes up 2x or more? and then buy back?

That would be a fantasy, and it is not likely to work out when you try to structure in that kinds of a way...

Historically the longer term buyers in bitcoin have done better than the traders, and sure a lot of stories about traders make it seem like the best and/or easiest way to make money, but the actual facts on the ground don't bear out trading to be better than investing for 95% or more of the people.  Are you banking on that you, as a trader-wannabe, will end up being the lucky one who happens to gamble with his bitcoin correctly?

None of us can for sure say that you would be wrong or end up losing more than you gain, even though we could proclaim that the odds are quite greatly stacked against you... which is also part of the problem that the traders fall into thinking that they will be the lucky (or more skillful) one who is able to overcome the odds.

Sincerely JJG, thats the misconception that rocks the minds or many, thinking that trading yields better profits than investing, and many of them come into bitcoin investment with such mindset, and when they face such decline as this, and they had already bought previously, waiting for the climb, they begin to wait with so much anxiety, sometimes anxiously selling off to avoid further loss and the price decline even more.

But that's the clear difference with investing, as it falls or keep falling in price, investors who have invested rightly and with the right funds wouldn't panic sell, but rather, they see the decline as an opportunity to buy more and stack up, with hopes that from historical experience, it will lump some day, and then at the pump or up trend period, he has much more gain to himself.

So if we look at it keenly, which it better or most profitable? Buying and selling off once you make some gains, either 2× of what you bought and then start all over again from scratch, or remaining consistent with your buying (investing)regardless of the price of Bitcoin wether upwards or downwards or sideways movement, you keep stacking with an Investment mentality, HODLing for long term, and hopefully, the price of bitcoin will follow it's historical method of appreciation and creating a new ATH market price. If you ask me, I think investing in bitcoin is rather peaceful and more profitable for the long term

[Tongley]

You want to trade rather than invest?

I have a hard time seeing how you can build up your bitcoin holdings in less than 4 years.. what would be your plan?

You want to buy bitcoin for a couple of years, and then sell the bitcoin if it goes up 2x or more? and then buy back?

That would be a fantasy, and it is not likely to work out when you try to structure in that kinds of a way...

Historically the longer term buyers in bitcoin have done better than the traders, and sure a lot of stories about traders make it seem like the best and/or easiest way to make money, but the actual facts on the ground don't bear out trading to be better than investing for 95% or more of the people.  Are you banking on that you, as a trader-wannabe, will end up being the lucky one who happens to gamble with his bitcoin correctly?

None of us can for sure say that you would be wrong or end up losing more than you gain, even though we could proclaim that the odds are quite greatly stacked against you... which is also part of the problem that the traders fall into thinking that they will be the lucky (or more skillful) one who is able to overcome the odds.

Such thoughts make a person fall into the trap of trading. But if they know the right information, then they will never try to fall into the trap of trading. In each of us, greed works and those who can ignore this greed never focus on trading. We need the right knowledge only then we will be able to protect ourselves from such wrong decisions.

[cocadalcan]

You want to trade rather than invest?

I have a hard time seeing how you can build up your bitcoin holdings in less than 4 years.. what would be your plan?

You want to buy bitcoin for a couple of years, and then sell the bitcoin if it goes up 2x or more? and then buy back?

That would be a fantasy, and it is not likely to work out when you try to structure in that kinds of a way...

Historically the longer term buyers in bitcoin have done better than the traders, and sure a lot of stories about traders make it seem like the best and/or easiest way to make money, but the actual facts on the ground don't bear out trading to be better than investing for 95% or more of the people.  Are you banking on that you, as a trader-wannabe, will end up being the lucky one who happens to gamble with his bitcoin correctly?

None of us can for sure say that you would be wrong or end up losing more than you gain, even though we could proclaim that the odds are quite greatly stacked against you... which is also part of the problem that the traders fall into thinking that they will be the lucky (or more skillful) one who is able to overcome the odds.

Such thoughts make a person fall into the trap of trading. But if they know the right information, then they will never try to fall into the trap of trading. In each of us, greed works and those who can ignore this greed never focus on trading. We need the right knowledge only then we will be able to protect ourselves from such wrong decisions.

You are still new to investing. How do you know which investments are right and which are wrong? There are many who started with very little knowledge but they focused, maintained a relationship with the market and bought according to their ability. What should you do? If you don't want to fall into the trading trap, buy Bitcoin with discretionary income and don't hurt yourself beyond your ability. Start with a small amount of Bitcoin accumulation and keep it consistent with your income. This is a best pattern investment lesson for the beginner's period. Increase the amount of Bitcoin accumulation as your discretionary income increases and have an emergency fund to pull it out in the long run.

[Sunshine1525]

You want to trade rather than invest?

I have a hard time seeing how you can build up your bitcoin holdings in less than 4 years.. what would be your plan?

You want to buy bitcoin for a couple of years, and then sell the bitcoin if it goes up 2x or more? and then buy back?

That would be a fantasy, and it is not likely to work out when you try to structure in that kinds of a way...

Historically the longer term buyers in bitcoin have done better than the traders, and sure a lot of stories about traders make it seem like the best and/or easiest way to make money, but the actual facts on the ground don't bear out trading to be better than investing for 95% or more of the people.  Are you banking on that you, as a trader-wannabe, will end up being the lucky one who happens to gamble with his bitcoin correctly?

None of us can for sure say that you would be wrong or end up losing more than you gain, even though we could proclaim that the odds are quite greatly stacked against you... which is also part of the problem that the traders fall into thinking that they will be the lucky (or more skillful) one who is able to overcome the odds.

Such thoughts make a person fall into the trap of trading. But if they know the right information, then they will never try to fall into the trap of trading. In each of us, greed works and those who can ignore this greed never focus on trading. We need the right knowledge only then we will be able to protect ourselves from such wrong decisions.

Acquiring wealth shouldn't depend on luck it's more risky that why investing amd holding Bitcoin for long is more preferable than trading with it, although it might. have it's own risk due to volatility but consistency makes it less riskier and better to build on the long run.

Asides greed, many investors are not patient enough which is why they borrow strategies of traders for investment, it doesn't work that way cause at the end, a wrong strategy remains a wrong strategy and only those who can be patient to hold Bitcoin for more than 4 years would reap the better reward, moreover only few traders make it very big so I wonder why people risk going into trading than buying and holding.

[Taskford]

Buying on dips is different that DCA... and it is quite short-sighted to proclaim that buying on dips is going to give you better results than pure DCA.. since buying on dips could well lead to a slippery slope of waiting and strategizing rather than ongoingly buying.  There is nothing wrong with guys supplementing DCA with buying on dips, yet proclaiming that buying on dips is better than DCA is failing to account for the trade offs that involve the waiting aspect that might end up happening.

If a person is brand new to bitcoin (which might be a no coiner), then why the fuck should he start out with buying on dips rather than DCAing?  And, the same logic applies to guys who are trying to build their position and they have a 4-10 year or higher investment timeline, you think they are going to be better off to be fucking around with trying to figure out dips rather than ongoingly buying?

Don't get me wrong.  I am not against the employment off all three buying techniques, yet proclaiming that guys are going to be better off to try to time the dips hardly makes sense, especially since we don't really know which way the BTC price is going to go.. Do you think that you can know the BTC price direction in advance sufficient enough to proclaim that you would be better to wait for such dip rather than ongoingly buying? Yeah, after the fact we can maybe proclaim that we would have had been better to buy some bitcoin at $65k in February rather than at $126k in October, yet how are we going to know in advance?  When the BTC price was $126k, we probably could not have had high levels of assurance that the price was going to go below $120k ever again.

no buying techniques can comes close to outclassing DCa. The market is moving in pattern than can be impossible to time and predict, that is why the traders gets frustrated and make plenty mistakes because of how impossible it is to time the market.

But if DCa is uses, people will not worry to time the market just because they get to be ongoingly buying at their discretion notwithstanding the if the price is up or if it is down. To get the best of DCA people should not trade or be after profits if they ey are yet to get to at least a cycle in their accumulation.

And people do not have to wait for dip to be aggressive. They can aggressive with DCa if they have discretionary income to do so.

By means that market is so unpredictable to deal with its so hard for people to gain consistently with it. Important to have patience and discipline because market is tricky and challenging. It takes lots of courage for people to go with this option since there are many pumps and dumps situation happening in the market.

If they have extra funds or have many left from their discretionary income in this situation they can choose to be aggressive with their accumulation doing DCA, than waiting then chase for dips because they might get nothing if they choose to wait.

[ChocolateBitcoinK]

If one has understanding of DCA then he can defiantly tweak it to get profit even in short duration.

A brand new investor shouldn't put making profits first when he starts his bitcoin investment so that he does not get carried away with little profits and lose focus on his long-term bitcoin investment goal.

 You should invest in bitcoin for your future and not in a short term even if you see profit in your portfolio because the longer you hodli your bitcoin portfolio and DCA overtime, the higher your profits in future. Don't because of little profits and turn into a trader overtime. This is why when you're DCAing, you should have a bitcoin target and do it consistently and persistently till you have reached your bitcoin target.

If an investor prioritizes income, then he can sell his Bitcoin only when the price of Bitcoin is slightly higher. This will not allow him to succeed, it will create the biggest obstacle to success, but a person must plan for the future as expected and continue his investment in a long-term manner.
But I say to a person, you will continue to invest in your Bitcoin until you accumulate one Bitcoin. This will make the plan successful and possible to keep for a long time, so create this mindset and follow the DC and method regularly until you accumulate 1 Bitcoin.

Although it seems a bit difficult to me to accumulate 1 Bitcoin, we should always hold on to our investments for as long as we can and grow our portfolio as much as we can within our financial means. It is not that we have to own 1 Bitcoin to be successful in Bitcoin, because it is a huge amount of money, you keep accumulating, take a challenge of ten years, and continue to invest a certain amount of money continuously for the next ten years, and never decide to sell in between, even if you do not accumulate 1 Bitcoin, even if you accumulate 0.5 Bitcoin, it can still create a very good financial foundation for you in the future, because if Bitcoin reaches $500K in the next 10 years, you will own $250K, which is a huge amount of money, This is just an example, it could be more, it could be less, but we should definitely maintain long-term investment.

[Sim_card]

By means that market is so unpredictable to deal with its so hard for people to gain consistently with it. Important to have patience and discipline because market is tricky and challenging. It takes lots of courage for people to go with this option since there are many pumps and dumps situation happening in the market.

This is where DCA comes in play and try your best to see that you improve your income if you don't have consistent discretionary income so that you can keep your DCA consistent irrespective of the market condition. For those that has consistent discretionary income and using the right amount to DCA that wouldn't affect them financially, they need to ongoingly accumulate bitcoin and be consistent with their weekly DCA without any worries.

Even if the market fluctuates it doesn't change anything in the mindset of an investor that is focus on reaching his bitcoin target. This is the main reason why you need to have a bitcoin target so that you can stay focus on accumulating bitcoin consistently and persistently overtime till you have accumulated your bitcoin target.

[xiamin]

By means that market is so unpredictable to deal with its so hard for people to gain consistently with it. Important to have patience and discipline because market is tricky and challenging. It takes lots of courage for people to go with this option since there are many pumps and dumps situation happening in the market.

If they have extra funds or have many left from their discretionary income in this situation they can choose to be aggressive with their accumulation doing DCA, than waiting then chase for dips because they might get nothing if they choose to wait.

I think the DCA method is suitable for this unexpected fluctuation in the price of Bitcoin through discretionary income. In this situation, it will not be possible to properly manage the mood of an investor if he cannot regularly accumulate Bitcoin in this manner. A long-term investor who is doing DCA will be able to accumulate smoothly even during this fluctuation in the price of Bitcoin. Reserve funds should be kept before this time of price decline so that aggressive DCA can be done and a large amount of Bitcoin can be accumulated with a small amount of funds. Regularly accumulating Bitcoin to face the difficult challenges of the market will make you patient in investing, which will result in you being able to invest in Bitcoin in the long term.