Does the DCA strategy inspire newbies to invest?

[Bigjoe33]

Still pretty new to crypto, so trying to keep it simple. DCA looks like the easiest way. Just buy a small amount from time to time and not stress about catching the perfect price. Way less pressure that way. If BTC keeps going up over the years, those small buys might turn into something decent. Feels like a good starting point for a beginner.

The DCA strategy is good for buying bitcoin especially for a newbie like you that are still New to bitcoin investment. There maybe phobia of starting with big amounts, the DCA strategy eliminate this fear and offer the opportunity of buying with any amount using discretionionary income. You must be able to determine if you have discretionionary income before thinking of starting to buy bitcoin before making the mistake of buying using money that is meant for your expenses.

Most favourably, as a newbie into Bitcoin investment, you can start out small in your amount with your investment using the DCA, this is to allow you as a newbie gain confidence in the market and also try to balance his income expenditure and his investment amount to ensure he doesn't screw up his investment. When such investment confidence and some understanding and/or trust built, he can willingly decide to increase his investment amount and remain consistent in his accumulation process. So, so long as the newbie is able to figure out his discretionary income, then he can begin his investment without restrictions to his investment

[Pandorak]

Still pretty new to crypto, so trying to keep it simple. DCA looks like the easiest way. Just buy a small amount from time to time and not stress about catching the perfect price. Way less pressure that way. If BTC keeps going up over the years, those small buys might turn into something decent. Feels like a good starting point for a beginner.

You’re on the right track by using the DCA method as a strategy to accumulate Bitcoin. Once you understand the essence of the DCA method, you might want to start exploring the funding sources you can use for purchases this is crucial for keeping your investment safe. First and foremost, always set aside funds for your basic needs. Once your primary needs are met, you’ll have leftover funds, what we can call discretionary funds which you’ll use for investing. The purpose of this is to prevent stress or emotional strain since the money you’re using isn’t from your essential funds. After that, you might want to learn how to build an emergency fund and a reserve fund to keep your investments safer and allow you to make more aggressive purchases. 

[Charcol]

Still pretty new to crypto, so trying to keep it simple. DCA looks like the easiest way. Just buy a small amount from time to time and not stress about catching the perfect price. Way less pressure that way. If BTC keeps going up over the years, those small buys might turn into something decent. Feels like a good starting point for a beginner.

You’re on the right track by using the DCA method as a strategy to accumulate Bitcoin. Once you understand the essence of the DCA method, you might want to start exploring the funding sources you can use for purchases this is crucial for keeping your investment safe. First and foremost, always set aside funds for your basic needs. Once your primary needs are met, you’ll have leftover funds, what we can call discretionary funds which you’ll use for investing. The purpose of this is to prevent stress or emotional strain since the money you’re using isn’t from your essential funds. After that, you might want to learn how to build an emergency fund and a reserve fund to keep your investments safer and allow you to make more aggressive purchases. 

You are right. Many people see DCA as just buying regularly. But the main strength of DCA is to create financial discipline as well as determine the average purchase price. If the source of investment is not clear or the investment is made from the required money, then the investment can be risky. Many investors make a mistake, they want to buy as soon as they see an opportunity in the market, but do not determine the limits of their financial capabilities properly. As a result, they cannot maintain the plan if the market declines significantly. Therefore, it is important to create a realistic structure of your monthly income and expenses before investing. This will help you understand which part is safe to use for long term investment.

[Catenaccio]

You are right. Many people see DCA as just buying regularly. But the main strength of DCA is to create financial discipline as well as determine the average purchase price.

Dollar Cost Averaging can help people practicing their investment more easily than without it, even people who start with DCA strategy don't have good discipline, they can improve their discipline in both financial management, investment capital management as well as their purchases and selling.

The main purpose of DCA is not to determine average purchase price as you can not determine (identify) it with any method. With DCA strategy, people don't actually mind about which average price of their purchases, they simply buy bitcoin with time and the average entry price is a result of their DCA practice. They don't aim at determining the DCA average price.

[JayJuanGee]

Saylor/MSTR is playing a bit of a different game in terms of using other people's money to accumulated bitcoin that is largely (but not completely) unencumbered.. so the measure of his prosperity and the prosperity of MSTR is that they own 735k bitcoin.. it is not the measure of how much that it cost them per BTC ..

This is why if you hear Micheal Saylor then he is not much worried about current price of Bitcoin because he is focusing on long term price of Bitcoin, which according to him will be huge. This is not only stance of Saylor but majority of us that Bitcoin price will continue to grow high in future.

My point is that most people are not in a good place to attempt to emulate Saylor/MSTR except perhaps trying to buy regularly and trying to stay within their own budget.

It is way the fuck more important for normie newbies to stay within their budget than to try to fuck around with overly aggressive approaches to bitcoin accumulation - including that many people, even sophisticated players who had been trying to follow Saylor's approach ended up getting themselves screwed because they were going beyond their own budget limitations.

DCA, the topic of this thread, allows newbies (and even more experienced investors) to tailor their level of aggressiveness to their own budget without trying to fuck around with fancy techniques and also without having to market their techniques.  Part of Saylor/MSTR's approach also seems to involve providing various products to sell so that people put money into their products rather than buying actual bitcoin.. and an overwhelming majority of normal people would be better off to focus on accumulating actual bitcoin and even making sure to self-custody their own bitcoin, perhaps even using their bitcoin and/or spending and replacing and getting acquainted with various ways to use their bitcoin, even while they are building up their bitcoin stash..  

Saylor's products are distractions, even if it could well be the case that he/his company and/or his custodian(s) actually have the quantity of bitcoin that they proclaim to have, the extent that they are not some sort of PsyOp that is looking to distract normies into thinking that paper products are better than actually owning bitcoin - even though surely earlier in Saylor's involvement in bitcoin he did frequently promote the holding of actual bitcoin, which he does not emphasize the holding of bitcoin as much as he had been doing in his earlier years in bitcoin.

The maturity of the asset does not so much have to do with its age within the number of years, but instead of its level of adoption and the growth of the various network effects as outlined by Trace Mayer.

Also these seven points can be a motivating factor that why to invest in Bitcoin for long term because of factors like merchant adoption,  security and more. Merchnats have incentive in adopting Bitcoin because through that way they can get credit card fees and chargebacks provided the delay is transaction is settled for them and we have already something for it in the form of LN. All these seven indicators are pointing towards positive future growth of Bitcoin.  

We seem to have ongoing problems of governments providing coercion and even accounting requirements, and it would be way better if they allowed a certain level of transactions without having to report or to potentially pay taxes (beyond the transaction taxes), which produces a lot of disincentives for folks (or merchant's) to officially advertise themselves as accepting bitcoin - even though the Franchise "Steak and Shake" have apparently been doing well with their bitcoin (and lightning) acceptance and other creative things they are doing to provide extra payments to their employees in bitcoin - even though it takes a while for the extra bitcoin payments to vest for the Steak and Shake employees.  Apparently, the bitcoin payment method that Steak and Shake is doing for its employees is like a bitcoin-tailored retirement plan.

We cannot completely know if bitcoins network effects will continue to grow, even though they have been ongoingly growing and there really isn't any evidence to establish that bitcoin's network effects are going to stop growing - even if there are ongoing attacks on bitcoin and even desires to co-opt it and/or to attempt to change its nature.

You are right that we are not sure about future of Bitcoin network effects but if we think that why nothing is predictable about other asset of investment. We need to do proper research on Bitcoin and once we are convinced that Bitcoin is good asset of investment then we must not look back rather keep investing. If we remain skeptical then we might not take full advantage of Bitcoin.

If we are investing in bitcoin and perhaps we are ongoingly learning about bitcoin, then we can make adjustments (up and/or down) in regards to how much time, energy and/or value that we are putting into it based on what we might have had thought bitcoin is and any changes to our perceptions of what it is.

So, maybe initially, when we come to bitcoin, we have a very superficial understanding, and perhaps even a lot of wrong understandings, yet we still might start to invest into it, but start to invest in such a way that we are prepared for either price direction, but also perhaps having some surprises in terms of the extent to which some variation of our expectation ends up coming into play.

Ongoingly in bitcoin, people have been worried about various governmental reactions, whether at local levels or maybe on levels that are more spread out (higher level governments and/or coordinations between nations). Governmental involvement in bitcoin tends to be an ongoing phenomena, and even one right now that is not necessarily agreed upon regarding how to frame what the various governmental entities are doing and why they are doing some of the things that they are doing - so if maybe upon the election of Trump in November 2024, he and his administration was making all kinds of positive statements, and even seeming to affect the policies and practices of other governments, yet at the same time, his actions have not proven to be as friendly to bitcoin as some folks had been interpreting them to be... so in some sense, the lack of permission in regards to peer to peer transactions, privacy and/or self-sovereignty attacks likely contributes to an undermining of quite a few bitcoin use cases, , yet it does not negate it's investment thesis and perhaps the various kinds of actions and/or interactions that tend to vary in different jurisdictions...so perhaps there can still be a lot of value with bitcoin, especially in war torn areas to move capital and/or value - even when there are interferences with real world transportation issues, such as difficulties to move oil or gold or goods.

If the guy is like you and he had started investing in late 2022, then maybe he might be starting to feel that he had enough bitcoin when the price had gotten up to $126k, but then when price went down, he was ambivalent in terms of the extent to which he should continue to buy regularly and persistently..  I am not sure if he had been saved by his having had started out investing relatively whimpily, so he may or may not realize that he is being presented with an opportunity to continue to buy during this current dipping period.

Surely it could be possible that a guy who had started accumulating fairly aggressively in 2018 or 2019 might feel more ambivalent about continuing to accumulate when the BTC price was going above $110k, yet now that the BTC price had corrected below $100k and even below $90k, he might be inspired to continue to buy.  It is difficult to imagine all of the various scenarios, since the extent to which someone might end up graduating out of ongoingly DCA might relate to both how many BTC he had already accumulated and how aggressive he had been in his earlier bitcoin accumulation periods.  

One thing I would like to add is that if a person passes through a cycle where he see price going up to 126,000$ and then dropping to 68,000$ within a short duration then if that happens second time then the guy will be in better position to tackle that situation. If you are new and the scenario happens to you for the first time then there is possibility that a person might get nervous on how to handle that situation. The guy who is in crypto since 2018 will fully understand on how to take advantage of current dip. 

There are differences if the 2018/2019 guy built up a good bitcoin position early in the process and perhaps kept investing in bitcoin ever since then in a fairly aggressive way, versus if the guy had been ongoingly delaying in his investment in bitcoin, so then by the time he really seriously started buying bitcoin, maybe his first few years involved in bitcoin did not really count because he was failing/refusing to act upon his knowledge about bitcoin and to buy it.

So, it could be that the confidence in bitcoin results, in part, by having had built up a bit of a profits cushion, so even if the bitcoin price corrects back down, there is a certain level of confidence that it is ONLY going to correct so much to the downside, and of course, there are still no guarantees the guy might be continuing to buy bitcoin.

Of course, we also have guys who might frame what they are doing as investing, but they are really trying to catch various BTC price waves, so their own behaviors and perspectives in regards to how to treat their bitcoin accumulation and/or bitcoin stash management also affects their behavior and their willingness to continue to buy bitcoin  or maybe to stop buying during periods in which he runs out of money, yet he may well may not resort to selling any bitcoin, since he continues to consider himself to be in his accumulation phase of his bitcoin investment journey.

There can be changes in conviction, and it is not even automatic that everyone gets smarter in how to manage their bitcoin if they might have had been making errors in their bitcoin history, and never ended up hunkering down and really building a bitcoin stash in the earlier years of their involvement in bitcoin.

We have a lot of dumb fucks in bitcoin, which I partly blame on either their trading or their getting involved in shitcoins, so over the years they never really developed their bitcoin conviction, and we cannot necessarily assume that everyone develops a bitcoin conviction merely due to their being involved in it for a couple of cycles, especially if they did not develop good habits.

I personally consider that even if guys had not developed good habits in the beginning, they can still recover by starting too employ good habits, yet there are still guys who cannot snap into good habits, even if they have already been involved in bitcoin for a cycle or two.

I frequently suggest that the DCA is likely to be ongoing and persistent in the earliest years of accumulating bitcoin, perhaps the first 4-6 years that a guy is accumulating bitcoin, unless a guy had been able to front load his bitcoin investment at various points in the progress that might allow him to transition into a less regular DCA and perhaps then maybe placing more emphasis on buying during dips.  

For that you just need to have an understanding that how important it is to remain consistent in early years of your Bitcoin investment. The early you understand this better it is for you.

That seems to be true, but people have to come to their own conclusions, and I am not going to presume that everyone grows at the same rate and/or figures out the right lessons in regards to how to treat an asset like bitcoin.  There are still plenty of folks on the sidelines waiting for further bitcoin dip before they get in..  (or get back in) and sure there is nothing wrong with holding some money for the buying of dips that might or might not end up happening, even though frequently it has been found to be good idea to be ongoingly buying too, especially for guys who might still consider themselves to be pretty llow on the bitcoin stash size count.

Still pretty new to crypto, so trying to keep it simple. DCA looks like the easiest way. Just buy a small amount from time to time and not stress about catching the perfect price. Way less pressure that way. If BTC keeps going up over the years, those small buys might turn into something decent. Feels like a good starting point for a beginner.

Surely. The DCA strategy for Bitcoin accumulation is much better and easier than any other investment strategy. For example you may be a newbie in investing and you still have a lot to learn about Bitcoin. You will need time to learn about Bitcoin in detail. It would be better to start accumulation Bitcoin using the DCA method after gaining basic knowledge about Bitcoin.

In the context that you are still new to the crypto space when investing in Bitcoin you should call this asset Bitcoin. Crypto refers to all the digital coins around you. Just as it would not be appropriate to compare Bitcoin with other coins it would be wise to organize all cryptos in a separate position and organize the store of value or asset called Bitcoin in a separate adjective.

Crypto refers to shitcoins.. Don't be fucking around with shitcoins or confusing matters by referring to bitcoin with such an ambiguous, vague and misleading term.  Learn and invest into bitcoin first, shitcoins are not investments.. yet if you cannot resist investing (or trading) with shitcoins, limit such exposure to no more than 10% of the size of your bitcoin investment.

[laspol65]

You are right. Many people see DCA as just buying regularly. But the main strength of DCA is to create financial discipline as well as determine the average purchase price.

Dollar Cost Averaging can help people practicing their investment more easily than without it, even people who start with DCA strategy don't have good discipline, they can improve their discipline in both financial management, investment capital management as well as their purchases and selling.

The main purpose of DCA is not to determine average purchase price as you can not determine (identify) it with any method. With DCA strategy, people don't actually mind about which average price of their purchases, they simply buy bitcoin with time and the average entry price is a result of their DCA practice. They don't aim at determining the DCA average price.

Following the Bitcoin DCA method, we only maintain the trend of buying Bitcoin. Whenever we set the price, there may be people among us, due to which we refrain from setting the price, because those who will invest following the DCA method will basically adopt strategies to maintain their Bitcoin investment for a long time. In the current situation, it is important to buy Bitcoin because we will only maintain the continuity of buying until one Bitcoin is deposited.
And you can think of depositing more Bitcoin according to your ability, because each person will adopt their own strategy and maintain their Bitcoin investment.

[liasbaa]

You are right. Many people see DCA as just buying regularly. But the main strength of DCA is to create financial discipline as well as determine the average purchase price.

Dollar Cost Averaging can help people practicing their investment more easily than without it, even people who start with DCA strategy don't have good discipline, they can improve their discipline in both financial management, investment capital management as well as their purchases and selling.

The main purpose of DCA is not to determine average purchase price as you can not determine (identify) it with any method. With DCA strategy, people don't actually mind about which average price of their purchases, they simply buy bitcoin with time and the average entry price is a result of their DCA practice. They don't aim at determining the DCA average price.

Following the Bitcoin DCA method, we only maintain the trend of buying Bitcoin. Whenever we set the price, there may be people among us, due to which we refrain from setting the price, because those who will invest following the DCA method will basically adopt strategies to maintain their Bitcoin investment for a long time. In the current situation, it is important to buy Bitcoin because we will only maintain the continuity of buying until one Bitcoin is deposited.
And you can think of depositing more Bitcoin according to your ability, because each person will adopt their own strategy and maintain their Bitcoin investment.

But if you keep accumulating Bitcoin regularly and do one or two cycles regularly, your portfolio will show the average buying price of the last four years. DCA method is an automatic cost averaging technique through which you can go through your right investment stage without any interruption. If you do not have a sense of discipline in investing, this technique can discipline you because Dollar Cost Averaging is a novel technique through which investors of any income can get a huge Bitcoin portfolio through their discretionary income.

I think investors accumulate Bitcoin regularly thinking about the average price. I do not agree with you on this point. If you can continue accumulating Bitcoin weekly your portfolio will hit the buying price to be 52 times per year and during this time the price of Bitcoin will not only go up but also down and as a result of buying at different prices, it will show an average price at the end of the year and this is overall low buying point. After four years this point will continue to expand and the average buying price will continue to decrease. DCA approach can put an investor in a strong investment position without exposing them to risk.

[Hewlet]

The main purpose of DCA is not to determine average purchase price as you can not determine (identify) it with any method. With DCA strategy, people don't actually mind about which average price of their purchases, they simply buy bitcoin with time and the average entry price is a result of their DCA practice. They don't aim at determining the DCA average price.

One key area that the use of the DCA method help us with is the fact that with it, discipline is guaranteed and that you can keep investing even though you are a newbie that does not have a well structured investment plan or one that has been investing for long and yet finds it difficult to make a good investment decision as the market react in a certain direction. every interested investor starts with a strategy that might not have a name and so, they can just buy the DIP, buy in bulk or even DCA once in a while without actually knowing what strategy they are using. but then, an investor that is looking at profiting from his investment in the long run will look more into a strategy that is sustainable over a long duration of time and that is the DCA method.

[Rockson1]

Crypto refers to shitcoins.. Don't be fucking around with shitcoins or confusing matters by referring to bitcoin with such an ambiguous, vague and misleading term.  Learn and invest into bitcoin first, shitcoins are not investments.. yet if you cannot resist investing (or trading) with shitcoins, limit such exposure to no more than 10% of the size of your bitcoin investment.

Some people will never understand what you just said because of their mindset, they always want to generalize things without considering the fact that Bitcoin has no business with random shits, you see some of them crying back when they face the real shit that come from investing in those garbage littered everywhere but I ask, what does it take for investors to understand that Bitcoin is a unique project of it's own, you see some people saying some trash about crypto as they call it but it is very rare for you to see any of them come out to say the got some benefit as an exit package, most times it ends with had I known and they keep going back, they will still come to argue that they weren't gambling, @JayJuanGee your advice is good but I hope they will take that because shits has done a lot to peoples mindset and to some point I will say they are addicted to it but won't admit to that.

[B-BossMan]

Still pretty new to crypto, so trying to keep it simple. DCA looks like the easiest way. Just buy a small amount from time to time and not stress about catching the perfect price. Way less pressure that way. If BTC keeps going up over the years, those small buys might turn into something decent. Feels like a good starting point for a beginner.

Surely. The DCA strategy for Bitcoin accumulation is much better and easier than any other investment strategy. For example you may be a newbie in investing and you still have a lot to learn about Bitcoin. You will need time to learn about Bitcoin in detail. It would be better to start accumulation Bitcoin using the DCA method after gaining basic knowledge about Bitcoin.

In the context that you are still new to the crypto space when investing in Bitcoin you should call this asset Bitcoin. Crypto refers to all the digital coins around you. Just as it would not be appropriate to compare Bitcoin with other coins it would be wise to organize all cryptos in a separate position and organize the store of value or asset called Bitcoin in a separate adjective.

Crypto refers to shitcoins.. Don't be fucking around with shitcoins or confusing matters by referring to bitcoin with such an ambiguous, vague and misleading term.  Learn and invest into bitcoin first, shitcoins are not investments.. yet if you cannot resist investing (or trading) with shitcoins, limit such exposure to no more than 10% of the size of your bitcoin investment.

Just "wow" 🙄 how would crypto refers to bitcoin? Although many people actually wrongly used the crypto term to generalized/ described everything in the digital space and it creates confusions for people that don’t know it, Bitcoin is basically different the so called altcoins or shitcoins rather. Bitcoin was actually created to be scares or decentralized rather, that's no any organization or Government have control over it, and with a total fixed supply of 21million coins, that's why it's different from others. Some of the funders of some shitcoins usually lunches the coins for a small steams and later turn to an abandoned project at any moment, some of them are just hyping and marketing instead of the long-term value. That's why la4ge amounts of them keep failing eventually and loses thier value, with these comparing Bitcoin with shitcoins would  be actually misleading, because Bitcoin has proven itself over so many years as a biggest store of value and also a long-term investment, while the shitcoins are just a speculative short-term. Nevertheless it's very important for the newbies should learnmore about the value of Bitcoin first instead of investing thoer money into a very risky altcoins that has no worth.

[JayJuanGee]

Crypto refers to shitcoins.. Don't be fucking around with shitcoins or confusing matters by referring to bitcoin with such an ambiguous, vague and misleading term.  Learn and invest into bitcoin first, shitcoins are not investments.. yet if you cannot resist investing (or trading) with shitcoins, limit such exposure to no more than 10% of the size of your bitcoin investment.

Some people will never understand what you just said because of their mindset, they always want to generalize things without considering the fact that Bitcoin has no business with random shits, you see some of them crying back when they face the real shit that come from investing in those garbage littered everywhere but I ask, what does it take for investors to understand that Bitcoin is a unique project of it's own, you see some people saying some trash about crypto as they call it but it is very rare for you to see any of them come out to say the got some benefit as an exit package, most times it ends with had I known and they keep going back, they will still come to argue that they weren't gambling, @JayJuanGee your advice is good but I hope they will take that because shits has done a lot to peoples mindset and to some point I will say they are addicted to it but won't admit to that.

Of course, each person is responsible for his own action, and sometimes there are cases in which some newbie might not realize that there is a difference between bitcoin and shitcoins..  so there are some folks who are helped by the clarification and they can look into matters for themselves, and perhaps start out with bitcoin first.. and try not to get distracted by shitcoins.

There are some folks who continue to screw around with shitcoins, yet they learn at a later point that it is better to just focus on bitcoin rather than getting sucked into inferior products that may well just be scams.

Even though some folks are hooked on gambling and they cannot stop themselves from gambling, there are others who will improve or maybe never get into shitcoins because someone pointed out that there is a value to focus on bitcoin first.

[As-Soon-As]

The main purpose of DCA is not to determine average purchase price as you can not determine (identify) it with any method. With DCA strategy, people don't actually mind about which average price of their purchases, they simply buy bitcoin with time and the average entry price is a result of their DCA practice. They don't aim at determining the DCA average price.

One key area that the use of the DCA method help us with is the fact that with it, discipline is guaranteed and that you can keep investing even though you are a newbie that does not have a well structured investment plan or one that has been investing for long and yet finds it difficult to make a good investment decision as the market react in a certain direction. every interested investor starts with a strategy that might not have a name and so, they can just buy the DIP, buy in bulk or even DCA once in a while without actually knowing what strategy they are using. but then, an investor that is looking at profiting from his investment in the long run will look more into a strategy that is sustainable over a long duration of time and that is the DCA method.

If a Bitcoin investor invests in Bitcoin regularly, he will definitely do it for a long time. Because as long as he invests in Bitcoin according to the DCA method, it will be much easier for him to maintain his Bitcoin investment. Therefore, it is at least a good idea to buy Bitcoin regularly according to the DCA method rather than investing in Bitcoin randomly, as this maintains the continuity of purchases and makes his portfolio bigger. Therefore, following the DCA method regularly makes an investor an ideal Bitcoin investor.

[ultrloa]

Crypto refers to shitcoins.. Don't be fucking around with shitcoins or confusing matters by referring to bitcoin with such an ambiguous, vague and misleading term.  Learn and invest into bitcoin first, shitcoins are not investments.. yet if you cannot resist investing (or trading) with shitcoins, limit such exposure to no more than 10% of the size of your bitcoin investment.

Some people will never understand what you just said because of their mindset, they always want to generalize things without considering the fact that Bitcoin has no business with random shits, you see some of them crying back when they face the real shit that come from investing in those garbage littered everywhere but I ask, what does it take for investors to understand that Bitcoin is a unique project of it's own, you see some people saying some trash about crypto as they call it but it is very rare for you to see any of them come out to say the got some benefit as an exit package, most times it ends with had I known and they keep going back, they will still come to argue that they weren't gambling, @JayJuanGee your advice is good but I hope they will take that because shits has done a lot to peoples mindset and to some point I will say they are addicted to it but won't admit to that.

Of course, each person is responsible for his own action, and sometimes there are cases in which some newbie might not realize that there is a difference between bitcoin and shitcoins..  so there are some folks who are helped by the clarification and they can look into matters for themselves, and perhaps start out with bitcoin first.. and try not to get distracted by shitcoins.

There are some folks who continue to screw around with shitcoins, yet they learn at a later point that it is better to just focus on bitcoin rather than getting sucked into inferior products that may well just be scams.

Even though some folks are hooked on gambling and they cannot stop themselves from gambling, there are others who will improve or maybe never get into shitcoins because someone pointed out that there is a value to focus on bitcoin first.

For so many times Bitcoin already prove that its nobody or the same with those scam coins think by doubters. Yeah its understandable that many scam coins out there, but Bitcoin is really different.

Bitcoin is so beginner friendly although there's some learnings needed to take, but for sure they those people can escape the risk brought up by fast pump and dump shitcoins. Once they learn how they deal with Bitcoin, its up to them if they want to explore or diversify. But for me better focus on Bitcoin if they want to invest and choose to engage with long term investment. Much better to build solid foundation on Bitcoin rather than playing games with those risky projects out there.

[PhilosopherKing]

For so many times Bitcoin already prove that its nobody or the same with those scam coins think by doubters. Yeah its understandable that many scam coins out there, but Bitcoin is really different.

Bitcoin is so beginner friendly although there's some learnings needed to take, but for sure they those people can escape the risk brought up by fast pump and dump shitcoins. Once they learn how they deal with Bitcoin, its up to them if they want to explore or diversify. But for me better focus on Bitcoin if they want to invest and choose to engage with long term investment. Much better to build solid foundation on Bitcoin rather than playing games with those risky projects out there.

IMO people that screw around with shitcoin think only in the direction of quick money, and very few of those lot are actually honest with themselves about the level of risk they are taking to get that quick money.

Some people will never understand that they are not just helping by getting hooked up with shitcoin  because there is no way to generate wealth if all their income goes forward to shitcoin.

It is safer to limit exposure to shitcoin and use the remaining to ongoingly accumulate Bitcoin for a cycle and longer because bitcoin has already proven itself better than those inferior coin.

[MusaPk]

My point is that most people are not in a good place to attempt to emulate Saylor/MSTR except perhaps trying to buy regularly and trying to stay within their own budget.

It is way the fuck more important for normie newbies to stay within their budget than to try to fuck around with overly aggressive approaches to bitcoin accumulation - including that many people, even sophisticated players who had been trying to follow Saylor's approach ended up getting themselves screwed because they were going beyond their own budget limitations.

Thats what we all must do i.e. to stay within our budget and keep buying. It doesn't matter whether you have power to invest 100$ or 1000$ per week, important factor is how consistent you remain in your journey of investment. Saylor is not following any strategy but he buys whenever he has mood of buying. We have already discussed this thing that we must not get inspiration from a guy who is accumulating Bitcoin for almost 5.5 years and still in loss. If we follow Saylor strategy i.e. buy whenever we have mood then there are chances that 5.5 years from now on we might also be in loss.  
 

DCA, the topic of this thread, allows newbies (and even more experienced investors) to tailor their level of aggressiveness to their own budget without trying to fuck around with fancy techniques and also without having to market their techniques.  Part of Saylor/MSTR's approach also seems to involve providing various products to sell so that people put money into their products rather than buying actual bitcoin.. and an overwhelming majority of normal people would be better off to focus on accumulating actual bitcoin and even making sure to self-custody their own bitcoin, perhaps even using their bitcoin and/or spending and replacing and getting acquainted with various ways to use their bitcoin, even while they are building up their bitcoin stash..  

Saylor's products are distractions, even if it could well be the case that he/his company and/or his custodian(s) actually have the quantity of bitcoin that they proclaim to have, the extent that they are not some sort of PsyOp that is looking to distract normies into thinking that paper products are better than actually owning bitcoin - even though surely earlier in Saylor's involvement in bitcoin he did frequently promote the holding of actual bitcoin, which he does not emphasize the holding of bitcoin as much as he had been doing in his earlier years in bitcoin.

If you look at website of MSTR then its written that "By using proceeds from equity and debt financings, as well as cash flows from our operations, we strategically accumulate Bitcoin and advocate for its role as digital capital." Saylor is just fancy things on social media but reality is that he is not using his money to buy Bitcoin and his strategy has not worked so far.

If I have to invest I have to think from a point of view that I am investing today and in the long run I want to see my investment in profit unlike MSTR portfolio.  

We seem to have ongoing problems of governments providing coercion and even accounting requirements, and it would be way better if they allowed a certain level of transactions without having to report or to potentially pay taxes (beyond the transaction taxes), which produces a lot of disincentives for folks (or merchant's) to officially advertise themselves as accepting bitcoin - even though the Franchise "Steak and Shake" have apparently been doing well with their bitcoin (and lightning) acceptance and other creative things they are doing to provide extra payments to their employees in bitcoin - even though it takes a while for the extra bitcoin payments to vest for the Steak and Shake employees.  Apparently, the bitcoin payment method that Steak and Shake is doing for its employees is like a bitcoin-tailored retirement plan.

Almost every government has same stance on Bitcoin i.e. they will allow its usage only if government can fully monitor and tax it. If we talk about the decentralised Bitcoin then unfortunately governments don't have much soft corner for that at least my government don't like it.  

We have already discussed prospects of early investing in Bitcoin that allows you get relax early in your life. "Steak and Shake" is doing good if they are providing salaries in fiat to there employees and incentive in the form of Bitcoin. That will allow employees to retain there Bitcoins for longer term and this in turn will help then getting good return in the long run.

If we are investing in bitcoin and perhaps we are ongoingly learning about bitcoin, then we can make adjustments (up and/or down) in regards to how much time, energy and/or value that we are putting into it based on what we might have had thought bitcoin is and any changes to our perceptions of what it is.

So, maybe initially, when we come to bitcoin, we have a very superficial understanding, and perhaps even a lot of wrong understandings, yet we still might start to invest into it, but start to invest in such a way that we are prepared for either price direction, but also perhaps having some surprises in terms of the extent to which some variation of our expectation ends up coming into play.

If start investing and that also start our learning process about Bitcoin. When you have invested money then its obvious that you do more research to make sure your investment is safe. As time progresses, we are in better position to tweak our strategy. Like if you have spend time in Bitcoin then current dip looks lucrative to you as buying opportunity not a thing to worry.  

Ongoingly in bitcoin, people have been worried about various governmental reactions, whether at local levels or maybe on levels that are more spread out (higher level governments and/or coordinations between nations). Governmental involvement in bitcoin tends to be an ongoing phenomena, and even one right now that is not necessarily agreed upon regarding how to frame what the various governmental entities are doing and why they are doing some of the things that they are doing - so if maybe upon the election of Trump in November 2024, he and his administration was making all kinds of positive statements, and even seeming to affect the policies and practices of other governments, yet at the same time, his actions have not proven to be as friendly to bitcoin as some folks had been interpreting them to be... so in some sense, the lack of permission in regards to peer to peer transactions, privacy and/or self-sovereignty attacks likely contributes to an undermining of quite a few bitcoin use cases, , yet it does not negate it's investment thesis and perhaps the various kinds of actions and/or interactions that tend to vary in different jurisdictions...so perhaps there can still be a lot of value with bitcoin, especially in war torn areas to move capital and/or value - even when there are interferences with real world transportation issues, such as difficulties to move oil or gold or goods.

Politicians have different stance on things when they are in opposition or doing election campaign but it changes as soon as they make it to government office. This is what Donald Trump did and this is not something to be surprised. Everyone who is government office holder will speak what government thinks about Bitcoin and that I just explained.  

Bitcoin no doubt is a blessing in regions which are hit due to war or other natural disaster where moment of a physical asset is restricted or limited. You just need an internet connectivity to send an receive it.

That seems to be true, but people have to come to their own conclusions, and I am not going to presume that everyone grows at the same rate and/or figures out the right lessons in regards to how to treat an asset like bitcoin.  There are still plenty of folks on the sidelines waiting for further bitcoin dip before they get in..  (or get back in) and sure there is nothing wrong with holding some money for the buying of dips that might or might not end up happening, even though frequently it has been found to be good idea to be ongoingly buying too, especially for guys who might still consider themselves to be pretty llow on the bitcoin stash size count.

In ongoing dip, the lowest price seen so far is 62000$ and price has not fallen below that. Now for last few days Bitcoin price is hovering around 70,000$. The point is you won't get benefit from dip unless you start buying at some point when price has gone down otherwise if you keep aiming for further low then you will miss out the real opportunity to buy Bitcoin.

[JayJuanGee]

[edited out]

In ongoing dip, the lowest price seen so far is 62000$ and price has not fallen below that. Now for last few days Bitcoin price is hovering around 70,000$. The point is you won't get benefit from dip unless you start buying at some point when price has gone down otherwise if you keep aiming for further low then you will miss out the real opportunity to buy Bitcoin.

Lowest price so far for this correction has been $59,930 on February 5 on Bitstamp.

We can never really know for sure if the bottom is in, at least not  until some time has passed and also perhaps the price gets some distance from whatever is the current bottom.

I likely am not going to be comfortable to start to proclaim that the bottom is in until the price goes above $100k and stays above $100k for several days.. perhaps more than a week.

And, sure, I don't really know, but I frequently become uncomfortable with calling local bottoms (or tops) too early... and yeah, the person who is DCAing.. especially those who are on the newer side, should not be pending very much time focusing on the price, but instead focusing on persistent, consistent, regular and perhaps even aggressive buying.. and sure, aggressive buying might not be reasonable unless the person's finances, cashflow (including back up funds) are in good order. 

In other words, from my point of view, level of aggressiveness should be more based on the strength of the cashflows and back up funds rather than the BTC prices.. and sure, if we are engaged in a system of ongoing buying of bitcoin, there may well be cases that we get our systems and practices in place, and then maybe from time to time, we receive extra funds that we can buy more bitcoin with those extra funds as soon as they come in, because we already have strong systems/practices (habits) in place.

[Promocodeudo]

If a Bitcoin investor invests in Bitcoin regularly, he will definitely do it for a long time. Because as long as he invests in Bitcoin according to the DCA method, it will be much easier for him to maintain his Bitcoin investment. Therefore, it is at least a good idea to buy Bitcoin regularly according to the DCA method rather than investing in Bitcoin randomly, as this maintains the continuity of purchases and makes his portfolio bigger. Therefore, following the DCA method regularly makes an investor an ideal Bitcoin investor.

If someone invest regularly as you pointed out, what if the same person stops at some point, has such person succeeded in continuing it for a long-term? They answer is no right? It means every invest should be relentless while doing the do in Bitcoin investment, why some investors keep getting it wrong in Bitcoin investment is their approach which I will not stop pointing it out, you see someone deviating from how to invest in Bitcoin, the DCA is a very sweet strategy but some people still finds it very difficult to understand how it works properly, DCA works with that comfortable amount you want to start with and it is gotten from your discreationary income which makes everything very easy.

[Derekfunds]

The main purpose of DCA is not to determine average purchase price as you can not determine (identify) it with any method. With DCA strategy, people don't actually mind about which average price of their purchases, they simply buy bitcoin with time and the average entry price is a result of their DCA practice. They don't aim at determining the DCA average price.

One key area that the use of the DCA method help us with is the fact that with it, discipline is guaranteed and that you can keep investing even though you are a newbie that does not have a well structured investment plan or one that has been investing for long and yet finds it difficult to make a good investment decision as the market react in a certain direction. every interested investor starts with a strategy that might not have a name and so, they can just buy the DIP, buy in bulk or even DCA once in a while without actually knowing what strategy they are using. but then, an investor that is looking at profiting from his investment in the long run will look more into a strategy that is sustainable over a long duration of time and that is the DCA method.

If a Bitcoin investor invests in Bitcoin regularly, he will definitely do it for a long time. Because as long as he invests in Bitcoin according to the DCA method, it will be much easier for him to maintain his Bitcoin investment. Therefore, it is at least a good idea to buy Bitcoin regularly according to the DCA method rather than investing in Bitcoin randomly, as this maintains the continuity of purchases and makes his portfolio bigger. Therefore, following the DCA method regularly makes an investor an ideal Bitcoin investor.

Why are you sounding so certain that someone who buys regularly will invest till they have gotten to overaccumulation stage, it is not totally true and the fact that someone is investing regularly at the beginning doesn't mean they will continue to invest in that way, remember that the beginning of everything is always very exciting and it take a serious and determined person to scale through to the end so there's no certainty about what you are saying and it is more like you are speaking for someone or people who you don't even know their plans and mindset.

[JayJuanGee]

If a Bitcoin investor invests in Bitcoin regularly, he will definitely do it for a long time. Because as long as he invests in Bitcoin according to the DCA method, it will be much easier for him to maintain his Bitcoin investment. Therefore, it is at least a good idea to buy Bitcoin regularly according to the DCA method rather than investing in Bitcoin randomly, as this maintains the continuity of purchases and makes his portfolio bigger. Therefore, following the DCA method regularly makes an investor an ideal Bitcoin investor.

If someone invest regularly as you pointed out, what if the same person stops at some point, has such person succeeded in continuing it for a long-term? They answer is no right?

One thing is continuing to add to the investment or not versus just continuing to hold or selling.\

There is no one right answer, and of course, a person could reach a conclusion that he believes that he put enough into the investment, but that does not mean that he failed, since he might continue to hold all of it or most of it.. there are variations.

It means every invest should be relentless while doing the do in Bitcoin investment, why some investors keep getting it wrong in Bitcoin investment is their approach which I will not stop pointing it out, you see someone deviating from how to invest in Bitcoin, the DCA is a very sweet strategy but some people still finds it very difficult to understand how it works properly, DCA works with that comfortable amount you want to start with and it is gotten from your discreationary income which makes everything very easy.

Sure there are problems when people might discontinue adding to their holdings way too soon, and they don't recognize the value of continuing to add to their bitcoin investment until they reach a high enough quantity...   Some of them might have regrets later.. whether they had chosen to sell some or not and maybe merely based on their either slowing down or stopping in their ongoing adding to their stash.

There may also be a decent number of people who buy bitcoin, yet they do not understand what they are investing into, and they would benefit from spending some time to learn about it, whether they need 50 hours, 200 hours, 1,000 hours or some other amount might depend on them and/or some people learn faster than others,  including that some people might recognize the strength of bitcoin's investment thesis faster than others... and sometimes some critical thinking skills can be helpful to sort through the information and the disinformation.  it is not always clear which information is which.

[edited out]

Why are you sounding so certain that someone who buys regularly will invest till they have gotten to overaccumulation stage, it is not totally true and the fact that someone is investing regularly at the beginning doesn't mean they will continue to invest in that way, remember that the beginning of everything is always very exciting and it take a serious and determined person to scale through to the end so there's no certainty about what you are saying and it is more like you are speaking for someone or people who you don't even know their plans and mindset.

You are right. There are a lot of different kinds of examples how some folks will be able to keep doing their ongoing investments longer and perhaps with more aggressiveness (and activism) as compared with others who might either stop buying and sometimes sell most if not all of the bitcoin that they had accumulated.

People make choices that sometimes is followed by action (or inaction), and sometimes they regret their decisions, actions and/or inactions at a later date.