Does the DCA strategy inspire newbies to invest?

[avp2306]

Since bitcoin is long term, People can easily plan their plan while they are already ongoingly investing. It is important that people quit the delay for some perfect plan and start if they haved discretionary income and figure the rest later.

Planning can delay people from starting and funny enough some people may want to plan to have a perfect journey in Bitcoin, and end up never starting and remain no coiner for the rest of their life

In case you are no coiner then there is no reason for you to delay investing in Bitcoin because a no coiner has to start from point. As we start investing in Bitcoin, we are in better position to answer questions like how much we can afford to invest in Bitcoin, for how long we need to hold etc. The planning will be more effective once we practically start investing in Bitcoin.   

I agree with you that if you DCA as your money comes available, whether weekly or some other time frame, you can adjust your DCA amount based on how much money comes available or maybe other things going on in your life.  Maybe you tell yourself that no matter what you are going to buy $10 per week of bitcoin, so some weeks you are able to invest $100 or maybe even more and when your cashflow is tight, then you are ONLY able to invest $10, but you had already told yourself that you would buy $10 per week no matter what... and that is a self-imposed requirement that you created for yourself.

We have to make some sacrifice, if we want to earn good profit from Bitcoin. If someone is investing 10$ per week and he is not willing to increase that investment despite the fact that his salary is increased or he got some bonus then he is missing the opportunity of increasing his future profit.

Of course, there can be a variety of arrangements that a guy might arrive at that he might perceive to be sufficiently reasonable for his circumstances, and of course, some guys likely start out too whimpily and other guys start out too aggressively, yet even if they might end up wrong, if they are ongoingly investing into bitcoin without making mistakes that are too great, then they can ongoingly learn with the passage of time and make adjustments.

Surely, many of us consider that DCA is good, since guys can adjust their weekly DCA amounts to their income and/or their expenses and ongoingly adjust as their cashflows might change.

There surely could be some newbies who want to hold back some money for buying dips that may or may not end up happening, yet it helps them to feel good to have some money on the side, even if it might be better to concentrate on ongoing buying of bitcoin, yet they have to make their choice, even if they might later change their choice based on their having had spent time building up both their bitcoin investment and also their back up funds so the size of those funds and their history around building those funds will help to inform them of tweaks that they can make and perhaps even inspire them to figure out ways to increase their discretionary funds by increasing their income and/or cutting their expenses.

For example, if the guy knows he could start out investing $100 per week, he purposefully decides to ONLY invest $30 per week into bitcoin while he gets used to making his weekly investments, and maybe he is even holding some cash on the side, yet as he becomes more comfortable with his weekly investments, he also becomes comfortable to increase his weekly investment amounts.

In the first year or two he realizes that he should keep buying bitcoin without thinking about the price, yet it might take a while before he really starts to feel that he can just make his weekly buy and perhaps he even decides to manually buy on certain days of the week.. and the weekly buy becomes part of a routine.

I know that not all guys make Excel spreadsheets, and they might not have access, yet if they keep track on a spreadsheet, the first several months might be a bit boring since there is not very much data that had  been entered, and I personally would have a section that relates to past investment amounts, and then I would have another section that relates to future anticipated investment amounts.. So there can be a bit of fun to watch how early versions of the chart (table) look like as compared with how they might evolve and perhaps there are various versions of the chart to help to think about how to plan and/or perhaps to consider any adjustments that might need to be made.

We could really see that DCA works due to its flexibility, since people can start small then just increase later on the amount they want to use until they became comfortable on their consistent action by using this strategy.

There are people hide some funds to buy at dips but other prefer to buy on regular basis without thinking to much the current price. Either one of that they choose what matter the most is their consistency and also its good if they follow up with learnings on those situations they already experience. Having sheet just like what you have said is good because with that they can track all the progress they made, also they provably get an idea about what are other things need to be done, especially if they see something need to change with those actions they already made.

[Sunshine1525]

We could really see that DCA works due to its flexibility, since people can start small then just increase later on the amount they want to use until they became comfortable on their consistent action by using this strategy.

Being consistent helps produce better results that last longer, although profits is not guaranteed since the future is unknown but the more Bitcoin increases in value as time goes the better results a consistent Bitcoin investor gets, it's not like the buy dip or the lumpsum strategy are not very relevant but the DCA helps keeps a balance when it comes to producing better result overtime.

[yixichloro2xx]

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 DCA strategy is the perfect strategy for someone who is starting to accumulate bitcoin because it will allow you to consistently accumulate bitcoin either on a weekly or monthly basis when your discretionary income is readily available, and you can accumulate bitcoin even though the price is increasing or decreasing, which will not delay from accumulating bitcoin. But if you have a good discretionary income, which will allow you to lump sum on bitcoin without finding it hard to solve your daily expenses, you can lump sum on bitcoin and still maintain your DCA strategy, which will help to increase the seize of your bitcoin faster.

Yes with DCA strategy an investor can start accumulating bitcoins using a portion of his discretionary income and should proceed with this method irrespective of the price with a target of 4-10 years so that his main aspirations are met. In fact an investors main aspiration is to try to get high profits so he should focus on accumulating bitcoins in the long-term DCA method. Therefore he can keep another part of discretionary income as investment backup fund. Floating cash or backup funds can greatly assist an investor in running DCA over the long term. One may be able to meet emergency needs by using backup funds without withdrawing invested holdings in case of emergency.

You right, DCA works well for long term goals, but I think apart from time another important thing people usually make mistakes is through their allocation strength. I have seen a lot of people (especially high/stable income earner) committing a small chunk of their salary for accumulating Bitcoin e.g Imagine someone who earns over $2000 per month using $30 dollars monthly as their DCA funds, then they will end up with wimpy Bitcoin after years with low profit. When they had the opportunity to accumulate with larger amounts but due to fear or weak conviction, that's why they used little amount of money compared to another person who earns the same salary but commits $200 per month as his discretionary income. With time they will have more Bitcoin in their holdings and good profit. It's only people who have low or unstable income that I feel are liable to use $10 weekly or more depending on their situation, so anyone who has good income should use it as an opportunity to accumulate more.

[Pi-network314159]

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

Yes beginners can follow the DCA method for Bitcoin investment. Because it will help them get a sizable amount of Bitcoin in their portfolio making them have the previlege to have more Bitcoin stash in the wallets now that Bitcoin is at the dip. The outcome of the future is definitely going to be brigh or better since the history of Bitcoin has proven to be profitable for the long term. There is no need for a newbie to be afraid of investing because looking at Bitcoin chart from 2009 till date, Bitcoin has just been profitable. All the need to do is just to be patient and consistent as a newbie, they should not be carried away by emotion to sell out of panic during bearish market, because that is the only challenges newbie investors face. But if they can resist that force, they can be good investors.

[liasbaa]

We could really see that DCA works due to its flexibility, since people can start small then just increase later on the amount they want to use until they became comfortable on their consistent action by using this strategy.

Being consistent helps produce better results that last longer, although profits is not guaranteed since the future is unknown but the more Bitcoin increases in value as time goes the better results a consistent Bitcoin investor gets, it's not like the buy dip or the lumpsum strategy are not very relevant but the DCA helps keeps a balance when it comes to producing better result overtime.

Using DCA for Bitcoin investing requires you to be financially prepared, but consistent savings can help you reach an investment level that will provide you with a high return on your portfolio over the long term. We can't be sure how much Bitcoin price will go up or down in the future but the amount of Bitcoin you can accumulate by DCAing your weekly discretionary income at different prices will be much more profitable than any other investment. Another important lesson is that with such a small amount of funds Bitcoin can be accumulated and invested in the best way possible which can lead to great positions for a smart investor.

[Proty]

We could really see that DCA works due to its flexibility, since people can start small then just increase later on the amount they want to use until they became comfortable on their consistent action by using this strategy.

Being consistent helps produce better results that last longer, although profits is not guaranteed since the future is unknown but the more Bitcoin increases in value as time goes the better results a consistent Bitcoin investor gets, it's not like the buy dip or the lumpsum strategy are not very relevant but the DCA helps keeps a balance when it comes to producing better result overtime.

Using DCA for Bitcoin investing requires you to be financially prepared, but consistent savings can help you reach an investment level that will provide you with a high return on your portfolio over the long term. We can't be sure how much Bitcoin price will go up or down in the future but the amount of Bitcoin you can accumulate by DCAing your weekly discretionary income at different prices will be much more profitable than any other investment. Another important lesson is that with such a small amount of funds Bitcoin can be accumulated and invested in the best way possible which can lead to great positions for a smart investor.

I think this your idea is wrong and it is misleading as someone who is new to bitcoin may think that they have to wait to be prepared financially before they can start accumulating bitcoin even when they have the discretionionary income to do so.
The most important thing is having discretionionary income available to buy bitcoin then you can DCA with any amount of discretionionary income you have at your disposal.

[Tmoonz]

We could really see that DCA works due to its flexibility, since people can start small then just increase later on the amount they want to use until they became comfortable on their consistent action by using this strategy.

Being consistent helps produce better results that last longer, although profits is not guaranteed since the future is unknown but the more Bitcoin increases in value as time goes the better results a consistent Bitcoin investor gets, it's not like the buy dip or the lumpsum strategy are not very relevant but the DCA helps keeps a balance when it comes to producing better result overtime.

Various strategies can outperform each other based on the time of market performance, talking of producing a better result, some times Lump can outperform DCA the same as DCA outperforming lump and or buy the dip, there are various and numerous reasons why DCA is a good strategy which we might not necessarily consider putting producing a better result over time first, the fulfilment should be what size of bitcoin where you able to accumulate over the number of years and not necessarily the strategy you used bitcoin can performance differently in different cycles.

[Joeboy]

To invest in Bitcoin, you do not need extra money,

What else have you been using to invest in Bitcoin if not your extra money( discretionary income), which is left after you must have sorted out your basic expenses... Am basically in no position to stop you from using whatever funds you thinks it best for your investment, but then understand that if you invest with any fund other than your discretionary income, you are very well pitting your investment in great jeopardy, coz there may be high possibility of selling out your investment when you probably need that money that you used to invest...

[Sim_card]

Various strategies can outperform each other based on the time of market performance, talking of producing a better result, some times Lump can outperform DCA the same as DCA outperforming lump and or buy the dip, there are various and numerous reasons why DCA is a good strategy which we might not necessarily consider putting producing a better result over time first, the fulfilment should be what size of bitcoin where you able to accumulate over the number of years and not necessarily the strategy you used bitcoin can performance differently in different cycles.

I don't think that lump sum can outperform DCA overtime because buying all once will affect the investor emotionally, especially after buying the price of bitcoin continues to dip. Someone using DCA has the flexibility to buy at different price intervals and will be lucky to buy at the bottom line of the dip too.

There's no way buying at the dip only will outperform a long time ongoing DCA because it's difficult for those buying only at the dip to buy at the bottom line of the dip which is the lowest price of the circle.

I think to get the best outcome from your bitcoin accumulation journey is to mix all three strategies because it will be very effective in boosting up the size of your bitcoin portfolio than using only DCA. This is why as your regular DCA is ongoing, if you can lump sum to it, you do it. Set up a reserve funds to buy whenever, there's a dip in price of bitcoin.

[cocadalcan]

We could really see that DCA works due to its flexibility, since people can start small then just increase later on the amount they want to use until they became comfortable on their consistent action by using this strategy.

Being consistent helps produce better results that last longer, although profits is not guaranteed since the future is unknown but the more Bitcoin increases in value as time goes the better results a consistent Bitcoin investor gets, it's not like the buy dip or the lumpsum strategy are not very relevant but the DCA helps keeps a balance when it comes to producing better result overtime.

Various strategies can outperform each other based on the time of market performance, talking of producing a better result, some times Lump can outperform DCA the same as DCA outperforming lump and or buy the dip, there are various and numerous reasons why DCA is a good strategy which we might not necessarily consider putting producing a better result over time first, the fulfilment should be what size of bitcoin where you able to accumulate over the number of years and not necessarily the strategy you used bitcoin can performance differently in different cycles.

What you said is true. The dynamics of the Bitcoin market can change at any time. You should keep the momentum in conducting DCAing during the price increase or decrease. In some cases, buying DIP is great and in some cases, regardless of the price, but DCAing seems to be the easiest and best. Those who have more funds wait for lump sum buy rather than continuous accumulation, but most of them do not meet their expectations because the price of Bitcoin is increasing. The price correction happens but that is only to gain strength so that the next bull run can surpass the previous ATH. For investors who do not have excess funds, DCA method is one of the best strategies for accumulating Bitcoin and regardless of whether the investor is rich or poor.

[Derekfunds]

We could really see that DCA works due to its flexibility, since people can start small then just increase later on the amount they want to use until they became comfortable on their consistent action by using this strategy.

Being consistent helps produce better results that last longer, although profits is not guaranteed since the future is unknown but the more Bitcoin increases in value as time goes the better results a consistent Bitcoin investor gets, it's not like the buy dip or the lumpsum strategy are not very relevant but the DCA helps keeps a balance when it comes to producing better result overtime.

Using DCA for Bitcoin investing requires you to be financially prepared, but consistent savings can help you reach an investment level that will provide you with a high return on your portfolio over the long term. We can't be sure how much Bitcoin price will go up or down in the future but the amount of Bitcoin you can accumulate by DCAing your weekly discretionary income at different prices will be much more profitable than any other investment. Another important lesson is that with such a small amount of funds Bitcoin can be accumulated and invested in the best way possible which can lead to great positions for a smart investor.

Is there any method of Bitcoin that doesn't require an investor to have finance? In Bitcoin investment we don't need to have all the money in the world before we can start our accumulation rather what we need is an income we can figure out discretionary income that we will use to accumulate our Bitcoin. Consistent saving of what dude, you seem confused and contradicting because I don't really know what it's that you are saving that will give you high return on your portfolio perhaps you wanted to say consistent accumulation of Bitcoin.

[ahmedabubakarabbo]

We could really see that DCA works due to its flexibility, since people can start small then just increase later on the amount they want to use until they became comfortable on their consistent action by using this strategy.

Being consistent helps produce better results that last longer, although profits is not guaranteed since the future is unknown but the more Bitcoin increases in value as time goes the better results a consistent Bitcoin investor gets, it's not like the buy dip or the lumpsum strategy are not very relevant but the DCA helps keeps a balance when it comes to producing better result overtime.

Do you think investors will invest their money were profit wouldn't come and i want to refresh your memory on the reason why bitcoin is invested for long term is because once keeps accumulating in the process of your investment, you will surely see additional value as a profit for holding in a long term.