Does the DCA strategy inspire newbies to invest?

[Emjay24]

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.

I blame them because for someone that has common sense, they should be able to differentiate between investment and trade/gambling.
Anyone who wants to invest already knows that investment is all about building something for a while and reach a certain benchmark or milestone before it matures for profit taking and in bitcoin investment, using DCA strategy, the investor should be interested in accumulating bitcoin for a while and reaching your accumulation target before you start thinking about profiting from it.

Coming into an investment with a mind to make profit without first committing the necessary work to build your investment prospect for a while is already a defeated mindset and such hardly records tangible success therein.

Even the bible says it for Christians that "There is a time to sow and a time to reap" Ecclesiastes 3:2, so the person who comes with a mind of reaping while he should be more concerned with sowing properly first of all would not necessarily have much, if any at all to reap when the supposed time for reaping arrives.

[laspol65]

A person who does not know how to invest with discretionary income may be involved in trading or gambling under the name of investment. Because before starting investment, we need to determine two things:

• First, whether there is a source of discretionary income or not.
  
• Second, whether we have basic knowledge related to Bitcoin or not.

We need these two things to start investing. Whenever a new person invests without being aware of this, if the market falls, he may panic and sell his investment or if after investing with the required amount in the market, if that amount of money is needed, he may have to sell his investment, as a result, he may divert his attention from his Bitcoin. We should never take this wrong approach. It is the best and right decision to continue investing through our discretionary income. If a person cannot find discretionary income, then it will be a better decision for him not to invest.

It’s true that we need to try as much as possible to encourage people especially the new comers who are enthusiastic about investing in bitcoin to start immediately but it’s also crucial to also make sure they’re treading on the right path while getting started even though they’ve not really figured out everything yet. Which is why even if they actually have figured out their discretionary income, they still need some kind of a prepping on how to avoid certain costly mistakes that most newbies often make. Some newbies who would’ve ended up being potential investors quitted along the way after making a few mistakes which could’ve been easily avoided if only they were prepped, we can’t just assume every new guy can find their way around investing by giving them the usual all you need is a discretionary income speech.

Newbies in Bitcoin investment can be most attracted if your advice and your sufficient understanding about Bitcoin investment are correct. You can never discourage a Bitcoin investor, because when a person invests in Bitcoin, he will invest in Bitcoin only with the money he has saved in his future, so it is necessary to keep them calm. At that place, if different people give different types of advice, fair or unfair, then new investors will get scared.
So only the right advice and the right knowledge about Bitcoin will attract a new investor towards Bitcoin investment. And to make his investment long-term, he definitely needs the help and advice of seniors.

[Kryptonite788]

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.

I blame them because for someone that has common sense, they should be able to differentiate between investment and trade/gambling.
Anyone who wants to invest already knows that investment is all about building something for a while and reach a certain benchmark or milestone before it matures for profit taking and in bitcoin investment, using DCA strategy, the investor should be interested in accumulating bitcoin for a while and reaching your accumulation target before you start thinking about profiting from it.

Coming into an investment with a mind to make profit without first committing the necessary work to build your investment prospect for a while is already a defeated mindset and such hardly records tangible success therein.

Even the bible says it for Christians that "There is a time to sow and a time to reap" Ecclesiastes 3:2, so the person who comes with a mind of reaping while he should be more concerned with sowing properly first of all would not necessarily have much, if any at all to reap when the supposed time for reaping arrives.

even though you’re right, it doesn’t still diminish the fact that most times ,common sense is not always common when you’re in unfamiliar environments (doing something you haven’t done before or you’re new to) so even intelligent people can sometimes make irrational decisions because they lack proper experience in that domain. So what they actually need as newbies is proper re-orientation about how bitcoin investments through DCA works because most of them operate on biased information from most of their mentors where they are tricked to see only profit without actually understanding that losses are also part of investment.

[Razmirraz]

Snip.

Newbies in Bitcoin investment can be most attracted if your advice and your sufficient understanding about Bitcoin investment are correct. You can never discourage a Bitcoin investor, because when a person invests in Bitcoin, he will invest in Bitcoin only with the money he has saved in his future, so it is necessary to keep them calm. At that place, if different people give different types of advice, fair or unfair, then new investors will get scared.
So only the right advice and the right knowledge about Bitcoin will attract a new investor towards Bitcoin investment. And to make his investment long-term, he definitely needs the help and advice of seniors.

That's right, novice investors really need the right and accurate advice to avoid mistakes and the risk of losing money. Typically, those who are just starting out in the world of investment are relying solely on money that has been set aside for the future, so it is important to provide clear information and not appear to scare them. Help and advice from experienced investors is very important for them to determine a wiser investment direction. Providing accurate and relevant information about Bitcoin investment such as Bitcoin basics, investment strategies and market analysis can help them increase their interest in investing and make better decisions to achieve their investment goals.

[Sim_card]

It’s true that we need to try as much as possible to encourage people especially the new comers who are enthusiastic about investing in bitcoin to start immediately but it’s also crucial to also make sure they’re treading on the right path while getting started even though they’ve not really figured out everything yet. Which is why even if they actually have figured out their discretionary income, they still need some kind of a prepping on how to avoid certain costly mistakes that most newbies often make. Some newbies who would’ve ended up being potential investors quitted along the way after making a few mistakes which could’ve been easily avoided if only they were prepped, we can’t just assume every new guy can find their way around investing by giving them the usual all you need is a discretionary income speech.

You don't any any kind of prepping to avoid any costly mistakes before you need to get started. Provided you have the basic knowledge of bitcoin and your discretionary income, you can start right away and learn as you go to avoid those mistakes. Bitcoin is a long-term investment which you only need to be buying with part of your discretionary income and build your emergency funds and other backup funds gradually as you are investing overtime.

There is nothing to prepare for before getting started because you have a long-term mindset and have the plans to accumulate bitcoin only from your discretionary income with an amount that wouldn't affect you. This is why if you are new, you can start with little amount in order to study how bitcoin works to avoid any silly mistakes.

 However, a new investor long-term bitcoin investment journey cannot be perfect, he will make mistakes that he will learn from to strengthen him in growing his bitcoin investment continuously overtime provided his has the zeal to reach his bitcoin target. This is why you don't need to invest above your discretionary income to avoid thwarting your long-term investment plan.

Don't put profits in your head as the first thing so that you don't later deviate from a long term investor to a trader. Just keep on buying till you reach your bitcoin target.

[GIF-JOBS]

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.

Bitcoin investment is not actually hard or difficult as some people claims it to be because what we need for our Bitcoin accumulation is our discretionary income and a basic knowledge on how to go about it but sometimes lack of knowledge and understanding makes some people feel or think Bitcoin investment is hard but it is not. Using a fund meant for other expenses is wrong and it is among the thing that makes people feel it is hard after they have lost it due to lack of knowledge and understanding.

If we think very simply, Bitcoin investment will not be so difficult for us, we ourselves think of it as difficult, that is why it seems so difficult to us, but in reality if we think correctly then it is certainly very easy and possible for everyone. With proper financial management, people will be able to invest here consistently, but due to unnecessary thinking, they panic here for no reason and as a result they cannot start investing easily. That is why we have to move forward with conscious understanding and patience, and for this we need to first gain basic knowledge, then its possibilities will come into our mind so that we can move forward a little further in making effective decisions. Not too aggressively, not too slowly, rather we have to keep everything in a balance, many people mistakenly invest necessary expenses or emergency funds in investments, which later creates big problems, so we should refrain from doing such things, we should start normally through normal discretionary income, and move forward like this.

[liasbaa]

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.

Bitcoin investment is not actually hard or difficult as some people claims it to be because what we need for our Bitcoin accumulation is our discretionary income and a basic knowledge on how to go about it but sometimes lack of knowledge and understanding makes some people feel or think Bitcoin investment is hard but it is not. Using a fund meant for other expenses is wrong and it is among the thing that makes people feel it is hard after they have lost it due to lack of knowledge and understanding.

If we think very simply, Bitcoin investment will not be so difficult for us, we ourselves think of it as difficult, that is why it seems so difficult to us, but in reality if we think correctly then it is certainly very easy and possible for everyone. With proper financial management, people will be able to invest here consistently, but due to unnecessary thinking, they panic here for no reason and as a result they cannot start investing easily. That is why we have to move forward with conscious understanding and patience, and for this we need to first gain basic knowledge, then its possibilities will come into our mind so that we can move forward a little further in making effective decisions. Not too aggressively, not too slowly, rather we have to keep everything in a balance, many people mistakenly invest necessary expenses or emergency funds in investments, which later creates big problems, so we should refrain from doing such things, we should start normally through normal discretionary income, and move forward like this.

Excessive emotions destroy the balance of our investments. We claim to be more experienced by acquiring basic knowledge about Bitcoin and buy Bitcoin with the entire fund we have. We buy Bitcoin without thinking that we may need money for various family needs in the future and may need to sell the Bitcoin holding at an immature stage. By accumulating Bitcoin through discretionary income you can spend years without any obstacles.

Bitcoin investment is very easy but it may not be easy for some to stay long term and consistent. For them it is better to accumulate Bitcoin through discretionary income. Keep the emergency fund requirement in a budget and continue to accumulate Bitcoin until it reaches a convenient position because this emergency fund provides your financial strength to stay in the long term investment.

[MusaPk]

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

Its best for newbies to do some research on price fluctuation and results of long term investment in Bitcoin along with investing there capital in Bitcoin. This will help them in facing situations when there is sharp decline in price. If they have knowledge of long term investment then they will remain steady during price falls like the one we are witnessing right now.

You are not wrong, yet if we are making these kinds of weekly buys for a couple of cycles or longer, the timing of the buys are likely not going to make very much difference in regards to which day of the week that you buy or even if you attempt to buy the dips within the week.  It still can be fun and even make you feel better to try to buy the dips during the week.. even though in the whole scheme of things after a couple of cycles or longer, it may well not change your average cost per BTC in any meaningful and/or material way (or cause you to accumulate a meaningfully/materially significant larger amount of BTC). 

If we are planning for long term then it doesn't matter whether you bought Bitcoin at dip of a particular week or not. This is because with few exceptions the price of Bitcoin doesn't fluctuate very much in a week. Like if price of Bitcoin is at 69500$ right now, we can't expect that it will go to 100,000$ or 50,000$ in this week. The current price of Bitcoin i.e. 69500$ is minimum price of Bitcoin in last 7 days and highest was 75900$ (according to bitstamp data), if someone can figure this out then he must go for buying on such dips. In the long run, it doesn't matter whether you bought Bitcoin at 74000$ or at 70,000$.

[goldkingcoiner]

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

I think newbies are going to have a hard time trusting their investment and they will probably be overcome eventually by emotion and panic just to sell on a loss. And not only once. But eventually they will understand it is better to hodl, and the best strategy for that is DCA.

But inspiration is really rare. Most are not going to get inspired by DCA I think. They will get inspired maybe later when they have some more experience.

[ejikeme24]

You are not wrong, yet if we are making these kinds of weekly buys for a couple of cycles or longer, the timing of the buys are likely not going to make very much difference in regards to which day of the week that you buy or even if you attempt to buy the dips within the week.  It still can be fun and even make you feel better to try to buy the dips during the week.. even though in the whole scheme of things after a couple of cycles or longer, it may well not change your average cost per BTC in any meaningful and/or material way (or cause you to accumulate a meaningfully/materially significant larger amount of BTC). 

If we are planning for long term then it doesn't matter whether you bought Bitcoin at dip of a particular week or not. This is because with few exceptions the price of Bitcoin doesn't fluctuate very much in a week. Like if price of Bitcoin is at 69500$ right now, we can't expect that it will go to 100,000$ or 50,000$ in this week. The current price of Bitcoin i.e. 69500$ is minimum price of Bitcoin in last 7 days and highest was 75900$ (according to bitstamp data), if someone can figure this out then he must go for buying on such dips. In the long run, it doesn't matter whether you bought Bitcoin at 74000$ or at 70,000$.

Are you suggesting that guys should only buy the dip ? Come on, the market does not work as you predicted, the reason why you're saying this is because you haven't seen the price of Bitcoin increasing significantly in a week, but for the fact that you haven't seen it does not give you the right to be too confident about it. bitcoin is highly volatile in nature so for that I won't be surprise to see the price  moving from $69,500 to $100,000 in a week as we can't possibly figure out how and where the price will get to in a week that is why we don't need to keep hoping to buy the dip because we can't possibly predict the  market no matter how hard we try.

[JayJuanGee]

You are not wrong, yet if we are making these kinds of weekly buys for a couple of cycles or longer, the timing of the buys are likely not going to make very much difference in regards to which day of the week that you buy or even if you attempt to buy the dips within the week.  It still can be fun and even make you feel better to try to buy the dips during the week.. even though in the whole scheme of things after a couple of cycles or longer, it may well not change your average cost per BTC in any meaningful and/or material way (or cause you to accumulate a meaningfully/materially significant larger amount of BTC). 

If we are planning for long term then it doesn't matter whether you bought Bitcoin at dip of a particular week or not. This is because with few exceptions the price of Bitcoin doesn't fluctuate very much in a week. Like if price of Bitcoin is at 69500$ right now, we can't expect that it will go to 100,000$ or 50,000$ in this week. The current price of Bitcoin i.e. 69500$ is minimum price of Bitcoin in last 7 days and highest was 75900$ (according to bitstamp data), if someone can figure this out then he must go for buying on such dips. In the long run, it doesn't matter whether you bought Bitcoin at 74000$ or at 70,000$.

If a guy invests $100 per week for 6 years, then over the 6 year period, he might have had gotten some purchases for less and he bought some for more, and over the 6 years, he ended up making 52 per year, which would be 312 purchases at $100 each (which ended up being $31,200 invested), which is part of the reason that any particular $100 purchase might not make much of a difference.. He might Not even have every  week with the same amount of cash available, and he might have some weeks with only $10 and other weeks with $300 or more .. and so sure, he might even have had a preference to buy on the dip during the week, yet after he had invested for 6 years, and he is adding another $100 or maybe even another $500 or even $1k, it likely would not change his overall average throughout the period of 312 weeks.. and think about it.. investing $1k would be 1/31 of the size of his whole stash, and if he invests for 10 years, then his amount invested in $52,000 and if he puts in an additional $1k, then that is 1/52 of the size of his investment.

The longer a guy is in and serious about bitcoin, he may well have some periods in which he is able to add a lot to his investment.. so then his overall holdings ends up getting larger and larger... so then each incremental additional amount invested is not very much as compared with what it was in the first few years of the investment... which from my point of view does not justify fucking around trying to figure out whether dip or not or what range and instead just buying every week and sure, if you are able to catch the dip in the week, no problem. If not, that also should not be a problem.. since you still were able to build your bitcoin stash and add more bitcoin to your stash, even if there might have had been some weeks that were more expensive than other weeks.

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

I think newbies are going to have a hard time trusting their investment and they will probably be overcome eventually by emotion and panic just to sell on a loss. And not only once. But eventually they will understand it is better to hodl, and the best strategy for that is DCA.

But inspiration is really rare. Most are not going to get inspired by DCA I think. They will get inspired maybe later when they have some more experience.

That makes sense.

DCA is what is good for the newbie bitcoiner (even though from the newbie bitcoiner's perspective, DCAing might seems as if it is too boring).  Accordingly the newbie bitcoiner wants excitement, so he tries to do the exciting things in order to be inspired himself into being interested in bitcoin rather than the boring things to be plugging away at DCA building.

[liasbaa]

That makes sense.

DCA is what is good for the newbie bitcoiner (even though from the newbie bitcoiner's perspective, DCAing might seems as if it is too boring).  Accordingly the newbie bitcoiner wants excitement, so he tries to do the exciting things in order to be inspired himself into being interested in bitcoin rather than the boring things to be plugging away at DCA building.

DCA is a boring investment method for some beginners, but it is also a comfortable investment method for them. Beginners love excitement and they are right to look for entertainment and exciting moments everywhere, such as when they are making a profit in their investments. The whole process of DCA is a great opportunity for investors to use the present moment to build the future economic infrastructure.

While doing DCA consistently and regularly may be boring for some those who are aware of the intrinsic value of Bitcoin and the volatile price of this asset will find Bitcoin accumulation every week a great rally.

[WhoYouCantKill]

You don't any any kind of prepping to avoid any costly mistakes before you need to get started. Provided you have the basic knowledge of bitcoin and your discretionary income, you can start right away and learn as you go to avoid those mistakes. Bitcoin is a long-term investment which you only need to be buying with part of your discretionary income and build your emergency funds and other backup funds gradually as you are investing overtime.

I think we are just saying the same thing and you’re probably misunderstanding my point.
Do you think the basic knowledge you claim newbies need normally just fly from the sky and just dumps into their head? Not every newbies knows those basic things and when you who’s experienced in the field fill them in on those basic knowledge, that’s basically part of prepping. When I say prepping, I don’t mean having to acquire all the knowledge and when you see newbies don’t need any kinda prepping, you’re legit saying that they can literally just go in as long as they have discretionary income. Infact, some newbies don’t even know how to figure out their discretionary income, these are the kinds of prepping I’m talking about. Some newbies only hear from friends or see it online that people are really gaining financial freedom through bitcoin investment, but yet don’t have a single clue on how to go about it, do you still think such a person don’t need prepping?

[Rustam Meraj]

Snip

The longer a guy is in and serious about bitcoin, he may well have some periods in which he is able to add a lot to his investment.. so then his overall holdings ends up getting larger and larger... so then each incremental additional amount invested is not very much as compared with what it was in the first few years of the investment... which from my point of view does not justify fucking around trying to figure out whether dip or not or what range and instead just buying every week and sure, if you are able to catch the dip in the week, no problem. If not, that also should not be a problem.. since you still were able to build your bitcoin stash and add more bitcoin to your stash, even if there might have had been some weeks that were more expensive than other weeks.

You are correct that there is no use in waiting around to get drop when data has shown that there is only small 0.77 percentage point in gains between most useful and least useful days of week to buy. Although I agree with your reason about lower small changes, I would like to tell that even in cases of caught rare quick crash, it may be of no use, but peace of mind, set buy would bring to many people is much more useful.

My opinion is that once you have serious amount, you should no longer think about trying to make a "deal" but just trying to get your part of set stock before the results of the halving. You are correct, after all, more you put into certain item, less the amount of distraction made by weekly price change you have to listen to, and only thing you have to do is own the item.

[MusaPk]

If a guy invests $100 per week for 6 years, then over the 6 year period, he might have had gotten some purchases for less and he bought some for more, and over the 6 years, he ended up making 52 per year, which would be 312 purchases at $100 each (which ended up being $31,200 invested), which is part of the reason that any particular $100 purchase might not make much of a difference.. He might Not even have every  week with the same amount of cash available, and he might have some weeks with only $10 and other weeks with $300 or more .. and so sure, he might even have had a preference to buy on the dip during the week, yet after he had invested for 6 years, and he is adding another $100 or maybe even another $500 or even $1k, it likely would not change his overall average throughout the period of 312 weeks.. and think about it.. investing $1k would be 1/31 of the size of his whole stash, and if he invests for 10 years, then his amount invested in $52,000 and if he puts in an additional $1k, then that is 1/52 of the size of his investment.

Your calculation is correct for 6 years. If someone is planning to invest for 6 years then during that course of investment he might encounter weeks in which he can invest only 10$ yet he will also have weeks in which he has more then 100$ available to invest. The main thing is that he must main consistent for that 6 years only then he will have 52 buys.

The longer a guy is in and serious about bitcoin, he may well have some periods in which he is able to add a lot to his investment.. so then his overall holdings ends up getting larger and larger... so then each incremental additional amount invested is not very much as compared with what it was in the first few years of the investment... which from my point of view does not justify fucking around trying to figure out whether dip or not or what range and instead just buying every week and sure, if you are able to catch the dip in the week, no problem. If not, that also should not be a problem.. since you still were able to build your bitcoin stash and add more bitcoin to your stash, even if there might have had been some weeks that were more expensive than other weeks.

Exactly that is what I was saying that if you can figure out dip yourself (which is not an easy thing) then go for it otherwise you must keep investing in Bitcoin every week. Because in the long run it doesn't matter whether you got the dip or not. Our core focus must be to keep accumulating Bitcoin over a period of time and not on whether we got the dip or not. Focusing on catching the dip will divert our attention from main goal i.e. bitcoin accumulation for 6 years or more.

If we are planning for long term then it doesn't matter whether you bought Bitcoin at dip of a particular week or not.

[Joeboy]

That makes sense.

DCA is what is good for the newbie bitcoiner (even though from the newbie bitcoiner's perspective, DCAing might seems as if it is too boring).  Accordingly the newbie bitcoiner wants excitement, so he tries to do the exciting things in order to be inspired himself into being interested in bitcoin rather than the boring things to be plugging away at DCA building.

The mistake that those newbies in the category you described made is them thinking that the process of investment is always meant to be exciting... When folks begin treating their investments process as what is supposed to give them thrills and excitement, they have gotten it all wrong simply coz that mindset can push them slowly into the aspect of price speculations and/or trading... So DCA may seem boring, but I still agree with you Sir that it is far more better for newbies since it has the ability to placing them in a much more better positions....

I think we are just saying the same thing and you’re probably misunderstanding my point.
Do you think the basic knowledge you claim newbies need normally just fly from the sky and just dumps into their head? Not every newbies knows those basic things and when you who’s experienced in the field fill them in on those basic knowledge, that’s basically part of prepping. When I say prepping, I don’t mean having to acquire all the knowledge and when you see newbies don’t need any kinda prepping, you’re legit saying that they can literally just go in as long as they have discretionary income. Infact, some newbies don’t even know how to figure out their discretionary income, these are the kinds of prepping I’m talking about. Some newbies only hear from friends or see it online that people are really gaining financial freedom through bitcoin investment, but yet don’t have a single clue on how to go about it, do you still think such a person don’t need prepping?

I still think that prepping without an actual experience of Bitcoin is not very ideal... But then again, even if newbies are to be prepped(that which could take a lot of time, even though you say otherwise), it shouldn't be overdone in a way that eventually delays them from getting started... The truth is that even if newbies are being prepped prior to their investments, that doesn't still mean that they wouldn't make some mistakes as they go on with their investment...  This is is why it makes more sense for them to start out using small amount of discretionary income and then learn as they go, since Bitcoin is better understood through your actual involvement in it, rather than just the preps. being received...

[Itz-prisigold]

I think we are just saying the same thing and you’re probably misunderstanding my point.
Do you think the basic knowledge you claim newbies need normally just fly from the sky and just dumps into their head? Not every newbies knows those basic things and when you who’s experienced in the field fill them in on those basic knowledge, that’s basically part of prepping. When I say prepping, I don’t mean having to acquire all the knowledge and when you see newbies don’t need any kinda prepping, you’re legit saying that they can literally just go in as long as they have discretionary income. Infact, some newbies don’t even know how to figure out their discretionary income, these are the kinds of prepping I’m talking about. Some newbies only hear from friends or see it online that people are really gaining financial freedom through bitcoin investment, but yet don’t have a single clue on how to go about it, do you still think such a person don’t need prepping?

I agree with you regarding newbies and that they may require some level of direction and support. However, I do believe that the primary goal is to not eliminate all preparation, but to avoid overcomplicating the entry point.

Many new investors have the mentality of "i need to know everything before i start," and in most cases that kind of mentality usually holds many investors back,  the act of investing with a small amount from one's discretionary income allows individuals to develop an awareness of their own spending habits, how they manage their cash flow,  how they respond to price movements, and how consistently they will maintain their discipline for weeks and months.

Although most new investors may not be aware of discretionary income, the act of attempting to invest on a regular basis will cause the individual to learn and adapt. The practical learning of this is worth much more than the theory behind the prep work.

The last piece of advice I would offer for new investors is the way to look at profit. If someone enters into Bitcoin thinking about making money quickly,  it will likely cause them to make bad investment decisions, and that will cause them to deviate from an approach of long term accumulation. There is no guarantee regarding profits, and setting unrealistically high expectations will cause either frustration or poor decision making as markets fluctuate. Therefore,  focusing on consistency and building a position in the long term is better than focusing on short term results.

Therefore, instead of viewing prep as something that must occur before starting,  I see prep developing in alongside with consistent accumulation,  and that will ultimately  help build the strength of the investor.

[Taskford]

That makes sense.

DCA is what is good for the newbie bitcoiner (even though from the newbie bitcoiner's perspective, DCAing might seems as if it is too boring).  Accordingly the newbie bitcoiner wants excitement, so he tries to do the exciting things in order to be inspired himself into being interested in bitcoin rather than the boring things to be plugging away at DCA building.

DCA is a boring investment method for some beginners, but it is also a comfortable investment method for them. Beginners love excitement and they are right to look for entertainment and exciting moments everywhere, such as when they are making a profit in their investments. The whole process of DCA is a great opportunity for investors to use the present moment to build the future economic infrastructure.

While doing DCA consistently and regularly may be boring for some those who are aware of the intrinsic value of Bitcoin and the volatile price of this asset will find Bitcoin accumulation every week a great rally.

I think not only for newbie, but also with  people don't have discipline and chasing short term gains on Bitcoin. Although can't blame them to get excited with possible earnings they could get, but for sure maybe same with us which provably experience those things. They realize soon that the options they choose is not actually sustainable and hard to expect something like passive short term gains on a volatile coin like Bitcoin

But its good if they explore other strategy then discover DCA, because this will open up some great opportunity to deal with Bitcoin in sustainable manner. But their success will matter depends on their consistency and if they choose to have those good discipline on any aspect,  this provably increase their chance to succeed in this type of investment

[The Founding Titan]

The DCA is probably the best investment method out there but if we are just talking about newbies then there is no questions there, it is by far the best strategy s newbie can employ if they want to invest in bitcoin, it doesn't require having to wait for a particular price range to buy from and it doesn't need a huge amount of capital to start, provided they have the discretionary income to invest with them there is nothing much for them to worry about, they can invest continuously over time across different bitcoin price ranges and that's one of its best qualities, it doesn't care for the price of bitcoin at the time of purchase, over time it will average everything out.

[Hardyrobust]

That makes sense.

DCA is what is good for the newbie bitcoiner (even though from the newbie bitcoiner's perspective, DCAing might seems as if it is too boring).  Accordingly the newbie bitcoiner wants excitement, so he tries to do the exciting things in order to be inspired himself into being interested in bitcoin rather than the boring things to be plugging away at DCA building.

DCA is a boring investment method for some beginners, but it is also a comfortable investment method for them. Beginners love excitement and they are right to look for entertainment and exciting moments everywhere, such as when they are making a profit in their investments. The whole process of DCA is a great opportunity for investors to use the present moment to build the future economic infrastructure.

While doing DCA consistently and regularly may be boring for some those who are aware of the intrinsic value of Bitcoin and the volatile price of this asset will find Bitcoin accumulation every week a great rally.

what makes you think that DCA strategy is boring to some beginners?. The DCA strategy is a good strategy that is beginner friendly since it possible to start buying with any amount of discretionionary income and also they can start whenever the discretionionary income is available.
It is a bad idea for a beginner to start with the mindset of making profit instead to focus on building a portfolio in bitcoin through continuous accumulation of bitcoin using DCA strategy. It is only those that has the intent of making quick profit that should start thinking about making profit from the beginning and this is very risky.