Does the DCA strategy inspire newbies to invest?

[Promocodeudo]

Honestly when it come to trading firstly analysis the markets is the best way for everyone trader’s to get what they want, but some will be claiming that their the only one that knows all the is the Bitcoin is all about where they didn’t know anything that’s why all those kind of people lose more in trading, investments and trading everyone has their strategies but I don’t know why some will try to use one strategy for both and their expecting be successful how is going to be possible it couldn’t.

@AYOBA I never wanted to respond to your comment but I have to because it is Crystal clear to me that you've deviated from the discussion and I can see that you're now discussing trading which does not align with the topic of discussion, of course I know that at some point in every direction people may likely deviate to prove some point or when they want to make examples but mate you went far, may be I should I should as a matter of fact draw your attention to the discussion at hand, we are actually discussing how possible it is for DCA method to inspire newbie ls to invest in Bitcoin, staying on the topic will do us good, pls don't get offended, we are actually making contributions to help ourselves and newbies that will continue to visit this thread, thanks for your understanding.

[Bigjoe33]

The focal point is always starting, and after starting, then concentration on consistency of accumulation regardless of the current market price. Perhaps, such consistency becomes more easier if the investor uses the DCA and also managing his income Cash flow, income management and allocation.

Concentrations on price fluctuations by a newbie will not go down well as a downturn of price might seem discouraging to them and if time is not taking reduce the amount of accumulation. So, it is always best if they firstly, come into bitcoin investment with a long term investment mentality, and then setting a target plan for there accumulation journey. With this, they are only focused on accumulation, striking a balance with there income, expenditure and there investment too, while continuously accumulating Bitcoin gradually using the DCA

If you have spend 4 years or more in Bitcoin and seen Bitcoin price falling to extra ordinary lows and then going up to new ATHs then your understanding about Bitcoin can't be compared with a new comer because a new comer has not experienced such things while his capital is invested in Bitcoin. A new comer has to start from somewhere and its a matter of time that as he start accumulating Bitcoin with his money and also see Bitcoin price fluctuating to new highs and lows, only then he can figure out when to buy more and when to just maintain pace. It also take time before we understand that DCA is an effective strategy.  

You are absolutely right on this and I agree to it. Its quite different, even the feeling, behaviour and risk tolerance. While a newbie might be afraid and reduce his accumulation or stop accumulating due to serious price decline, an experienced or old time investor who has witnessed such decline and rise of bitcoin would see it as an opportunity to buy more bitcoin and increase or grow his portfolio. And so yea, it is always a different ball game altogether and the both persons can never reason the same way.

But then, it's advisable that newbies coming into Bitcoin investment should know that the price of Bitcoin isn't always steady, but always goes up and down, but most importantly, that it they are able to Hodl for long term, there is possibilities and f the price appreciating, and they would make more profit from the already owned asset in bitcoin. So this view should be a motivational factor for newbies to keep on accumulating no matter the drop in price, while hoping for a potential increase in price of bitcoin in the nearest future

[AYOBA]

Honestly when it come to trading firstly analysis the markets is the best way for everyone trader’s to get what they want, but some will be claiming that their the only one that knows all the is the Bitcoin is all about where they didn’t know anything that’s why all those kind of people lose more in trading, investments and trading everyone has their strategies but I don’t know why some will try to use one strategy for both and their expecting be successful how is going to be possible it couldn’t.

@AYOBA I never wanted to respond to your comment but I have to because it is Crystal clear to me that you've deviated from the discussion and I can see that you're now discussing trading which does not align with the topic of discussion, of course I know that at some point in every direction people may likely deviate to prove some point or when they want to make examples but mate you went far, may be I should I should as a matter of fact draw your attention to the discussion at hand, we are actually discussing how possible it is for DCA method to inspire newbie ls to invest in Bitcoin, staying on the topic will do us good, pls don't get offended, we are actually making contributions to help ourselves and newbies that will continue to visit this thread, thanks for your understanding.

@Promocodeudo thank you for calling my attention concerned what this thread is all about, I also not mean to discuss on the trading I know that it wrong because my discussion wasn’t not actually aligned with the topic of discussions here. But with your clarification I’m fulling understanding what this topic is all about; and I promise to take a correction from my mistakes once again thanks for drawing my attention.

[Sim_card]

But then, it's advisable that newbies coming into Bitcoin investment should know that the price of Bitcoin isn't always steady, but always goes up and down, but most importantly, that it they are able to Hodl for long term, there is possibilities and f the price appreciating, and they would make more profit from the already owned asset in bitcoin. So this view should be a motivational factor for newbies to keep on accumulating no matter the drop in price, while hoping for a potential increase in price of bitcoin in the nearest future

Newbies shouldn't be more focused on profit as a motivational factor that will make them continue their bitcoin investment, because if they do, it can lead them to make wrong decisions that will affect the growth of their portfolio like not buying when the price dips or think of selling when there's a drastic dip and the price stays down for long. Instead, they should see bitcoin as one of the best assets to throw some value into for the future and have a bitcoin target and focus on it

Brand new investors should know that bitcoin is volatile and a long-term asset so that, they don't get to the point that they will panic and sell or stop buying at the dip. This is why if a brand new investor doesn't have confidence in bitcoin, he should invest with at least $10 or more for a start while, they get the market experience as the ongoingly buy weekly for a year or more.

When they have gained confidence in bitcoin, they can increase their DCA amount and buy aggressively to cover up those times that they were buying little by little.

[Showlove01]

It is really needless for someone to be speculating or trying to analyze the market because it is of no use to an investor and trust me any investor that is doing all these means they don't know what Bitcoin investment is all about but someone who does, will understand and know it is actually a waste to be doing that. Traders are the ones who analyze and speculate because they believe doing that will help them make a lot of profit. And sometimes I think what causes this inaction is ignorant yes.

Honestly when it come to trading firstly analysis the markets is the best way for everyone trader’s to get what they want, but some will be claiming that their the only one that knows all the is the Bitcoin is all about where they didn’t know anything that’s why all those kind of people lose more in trading, investments and trading everyone has their strategies but I don’t know why some will try to use one strategy for both and their expecting be successful how is going to be possible it couldn’t.

You seems to be contradicting what I said, I didn't said Bitcoin investment and trading doesn't have strategy off course both trading and investing has their strategy and principles to follow but that of trading is not certified I mean it is not sure or guarantee that someone will make profit from it because the market is very volatile and it is not easy to predict the possible direction of the market and this is also the reason why people are not always encouraged to trade Bitcoin because the possibility of losing your funds is higher but in Bitcoin investment you don't need to worry about any of these because no matter the Dip it will always surge and we have experienced it.

[gracreavix]

But then, it's advisable that newbies coming into Bitcoin investment should know that the price of Bitcoin isn't always steady, but always goes up and down, but most importantly, that it they are able to Hodl for long term, there is possibilities and f the price appreciating, and they would make more profit from the already owned asset in bitcoin. So this view should be a motivational factor for newbies to keep on accumulating no matter the drop in price, while hoping for a potential increase in price of bitcoin in the nearest future

Newbies shouldn't be more focused on profit as a motivational factor that will make them continue their bitcoin investment, because if they do, it can lead them to make wrong decisions that will affect the growth of their portfolio like not buying when the price dips or think of selling when there's a drastic dip and the price stays down for long. Instead, they should see bitcoin as one of the best assets to throw some value into for the future and have a bitcoin target and focus on it

This is a good mindset fr, especially for newbies.
When I was starting out too, I was kind of conscious, not to get carried away by the money aspect of it. Because I don’t want to fall into that trap of always following profit, because all of that is the fastest way to get emotional, which can lead to panic selling or hesitating to buy and all that.

For me, it is a better approach. It will helped anyone stay less attached to every single Bitcoin price movement, helping not to react to the market emotionally. Giving them that focused on long term plan and target.

And also, this kind of mindset gives you a better chance of staying consistent and growing your portfolio.

[cocadalcan]

Newbies shouldn't be more focused on profit as a motivational factor that will make them continue their bitcoin investment, because if they do, it can lead them to make wrong decisions that will affect the growth of their portfolio like not buying when the price dips or think of selling when there's a drastic dip and the price stays down for long. Instead, they should see bitcoin as one of the best assets to throw some value into for the future and have a bitcoin target and focus on it

Of course.. it is important for a new investor not to rush for profit. Their investment objective will be to accumulate one full cycle of Bitcoin. If they can successfully complete this they should do another cycle and another cycle as long as they have discretionary income available. If you expect to make a profit at the beginning of your Bitcoin accumulation you will not get very far because the temptation of a price increase will make it tempting to withdraw your Bitcoin holdings. Regular buying targets rather than focusing on profits will support you to keep buying at every price point in the market and is a great way for new investors to learn investment discipline.

[Versatile_choice]

Newbies shouldn't be more focused on profit as a motivational factor that will make them continue their bitcoin investment, because if they do, it can lead them to make wrong decisions that will affect the growth of their portfolio like not buying when the price dips or think of selling when there's a drastic dip and the price stays down for long. Instead, they should see bitcoin as one of the best assets to throw some value into for the future and have a bitcoin target and focus on it

You're right,  every newbies Should be more concerned about building their bitcoin portfolio rather than looking into profit, although sometimes I don't blame those newbies that is so much interested in the profit aspect because sometimes the fault might be coming from the person that thought them about bitcoin investment, probably they  might be telling them how much profit they will make if they invest in bitcoin without even saying "in the long term" and newbies will now capitalize on what they told them and start hoping for profit immediately after making their Investment so while teaching newbies we need to give them the right informations.

[avp2306]

But then, it's advisable that newbies coming into Bitcoin investment should know that the price of Bitcoin isn't always steady, but always goes up and down, but most importantly, that it they are able to Hodl for long term, there is possibilities and f the price appreciating, and they would make more profit from the already owned asset in bitcoin. So this view should be a motivational factor for newbies to keep on accumulating no matter the drop in price, while hoping for a potential increase in price of bitcoin in the nearest future

Newbies shouldn't be more focused on profit as a motivational factor that will make them continue their bitcoin investment, because if they do, it can lead them to make wrong decisions that will affect the growth of their portfolio like not buying when the price dips or think of selling when there's a drastic dip and the price stays down for long. Instead, they should see bitcoin as one of the best assets to throw some value into for the future and have a bitcoin target and focus on it

Brand new investors should know that bitcoin is volatile and a long-term asset so that, they don't get to the point that they will panic and sell or stop buying at the dip. This is why if a brand new investor doesn't have confidence in bitcoin, he should invest with at least $10 or more for a start while, they get the market experience as the ongoingly buy weekly for a year or more.

When they have gained confidence in bitcoin, they can increase their DCA amount and buy aggressively to cover up those times that they were buying little by little.

If they are focusing only on short time profit for sure that aside that they could possibly miss lots of great opportunities, this can also make them panic especially if they see that market is declining and the don't have any idea about other things to do on that situation.

We could see that volatile movement is normal on Bitcoin, but if they go long term with this also if they have confidence that Bitcoin have good future, those small steps they made can possibly give them good result in future especially if they remain consistent will not get bothered by any short term fuds happening with this coin.

Starting up with $10 is really fine since with that they can already practice to do DCA strategy and it can help to learn engaging on a investment with minimal rick.

If they already have good trust on the process and gain great experience this time they could able to take advantage on each situation happening on the market and also can able to increase raise up their investment sizes.

[Tonimez]

[Edited out]

If they already have good trust on the process and gain great experience this time they could able to take advantage on each situation happening on the market and also can able to increase raise up their investment sizes.

The most important role of the DCA strategy in keeping beginners in the bitcoin investment lane is that DCA makes bitcoin less risky as a beginner can easily invest with little amount which he feels he is ready to loose. He keeps doing this over time until with such mindset and if he finally gains the right knowledge and realise how profitable bitcoin can be in the near future, he then goes more aggressively and becomes a stronger investor even better than many who have been in bitcoin before him.

The DCA strategy is a tested and trusted bait that has kept many in the bitcoin race for a very long time. If you are not a bitcoin gambler, if you had learned the right way, then you have what it takes to make a good fortune in years to come.

[PhilosopherKing]

But investing using the DCA method is less appropriate if done when market prices like today are trending up.

dca method is appropriate to use in any period in market and uptrending price don't make DCA less appropriate. dca is the ongoingly buying of bitcoin without giving a fuck about what the price it is.

Nobody can outwit the market . And if you get all picky in choosing when you buy and when not to buy that can get you timing market  and with that you can't builded enough bitcoin stash

Provided there's discretionary income you can ongoingly buy bitcoin in the uptrending and downtrending market.

[laspol65]

But investing using the DCA method is less appropriate if done when market prices like today are trending up.

dca method is appropriate to use in any period in market and uptrending price don't make DCA less appropriate. dca is the ongoingly buying of bitcoin without giving a fuck about what the price it is.

Nobody can outwit the market . And if you get all picky in choosing when you buy and when not to buy that can get you timing market  and with that you can't builded enough bitcoin stash

Provided there's discretionary income you can ongoingly buy bitcoin in the uptrending and downtrending market.

If you follow the DCA method and collect Bitcoin regularly, you do not need extra money. Extra money is needed only when you maintain your Bitcoin investment at a long-term rate. So there are some strategies to maintain your Bitcoin investment, if you can follow these strategies, then it will be easy for you to maintain your Bitcoin investment. According to the DCA method, along with purchasing Bitcoin, you should also form an emergency fund, so that if you face any danger, this emergency fund can be used to deal with it.
So if an ideal Bitcoin investor can follow these strategies, it will definitely be possible to maintain your Bitcoin investment at a long-term rate.

[WhoYouCantKill]

You're right,  every newbies Should be more concerned about building their bitcoin portfolio rather than looking into profit, although sometimes I don't blame those newbies that is so much interested in the profit aspect because sometimes the fault might be coming from the person that thought them about bitcoin investment, probably they  might be telling them how much profit they will make if they invest in bitcoin without even saying "in the long term" and newbies will now capitalize on what they told them and start hoping for profit immediately after making their Investment so while teaching newbies we need to give them the right informations.

And that’s the very reason why people, especially newbies shouldn’t just blindly delve into something they have absolutely no idea about, especially when it involves them putting their money into it. It’s true that everyone must not use the same strategy in Bitcoin investment, but also using the wrong strategy can land you into much bigger trouble, which is why everyone should first do their due diligence first, have a solid understanding of what they are going into, know the ins and outs, the cons and pros before finally entering, this is exactly what helps people make better decisions about their choices of investments.