Does the DCA strategy inspire newbies to invest?

[vs2014]

In fact, DCA is the best way to invest in coins that you are absolutely sure will last forever and will see their value improve significantly in the future. For example, you can use dca on currencies like bitcoin and ethereum because their prices increase rapidly. Trading and investing is a game of making decisions between probability and uncertainty. So if you do your investment homework and stay informed about management, business, planning, strategy, and political and economic issues, your crypto investment can be the best.

[Olatundespo]

In fact, DCA is the best way to invest in coins that you are absolutely sure will last forever and will see their value improve significantly in the future. For example, you can use dca on currencies like bitcoin and ethereum because their prices increase rapidly. Trading and investing is a game of making decisions between probability and uncertainty. So if you do your investment homework and stay informed about management, business, planning, strategy, and political and economic issues, your crypto investment can be the best.

DCA strategy only works properly in the case of Bitcoin. Externally shitcoin may be very tempting to you but in reality it is mostly full of uncertainty. The only reliable investment medium is Bitcoin which has an intrinsic value and the possibility of increasing the value of this asset in the future is very high. The value of nothing lasts forever and there is no guarantee that the value will definitely increase in the future. You are completely confused in your investment plan. There is no certainty in investing especially in the future value increase you have to consider all the aspects before making an investment decision. You are saying the same as those who are campaigning to promote shitcoin. You should have said that Bitcoin is the best investment and most of the shitcoin are looking amazing but in reality they are mostly misleading.

[Obulis]

In fact, DCA is the best way to invest in coins that you are absolutely sure will last forever and will see their value improve significantly in the future. For example, you can use dca on currencies like bitcoin and ethereum because their prices increase rapidly. Trading and investing is a game of making decisions between probability and uncertainty. So if you do your investment homework and stay informed about management, business, planning, strategy, and political and economic issues, your crypto investment can be the best.

Talking about coin that may Last forever is to all point imaginary because we all know or believe that Bitcoin investment is not guaranteed. Vs2014 saying of a coin that will last forever means saying that Bitcoin investment is guaranteed and I wonder. Except the fact that Bitcoin investment is not guaranteed covers only profit or lose but doesn't cover it existence. Going on to group Bitcoin with shitcoin is another mistake that newbies doesn't need to be groomed with.

[Joeboy]

Anything goes from small to big, that's why we should start small, don't expose yourself to complete failure to start big. There are many who want to start big, and for this they can't start at all, and at one point they completely move away from it. That's why you have to start with what you have, it will keep growing gradually over time, when small amounts of Bitcoin are collected continuously, it will gradually create a significant amount at a time, but of course the project is long-term.

You are really seem to be getting this wrong... This is Bitcoin we are talking about, so therefore, as far as folks invest using their discretionary income, then I don't think they will be exposing themselves to any failure even if large amounts from their discretionary income are used... The actual thing that creates problems and may even ruin a person investment is when folks invest using money that isn't their discretionary income/or investing with an amount that is way beyond what they can afford to consistently invest with...

One thing I would like to add is that one of best way to accumulate bitcoin is to gather it in a way like you are paid in signature campaign i.e. every week on a particular day. This frees you from tension of choosing the right time to buy Bitcoin on a specific day in week. Like if my signature campaign pays me 100$ on every money and that campaign continuous for 4 years then I will be able to invest almost 20,800$ (5200x4) in to Bitcoin. Provided I have other source of income to meet my daily and emergency requirements this 20,800$ will remain intact after completion of 4 years. This 20,800$ will be able to give me good return, if its not touched for 4 years.  

Signature campaigns are for a fixed duration of time and so they are not a reliable way of accumulating Bitcoin....

[Derekfunds]

In fact, DCA is the best way to invest in coins that you are absolutely sure will last forever and will see their value improve significantly in the future. For example, you can use dca on currencies like bitcoin and ethereum because their prices increase rapidly. Trading and investing is a game of making decisions between probability and uncertainty. So if you do your investment homework and stay informed about management, business, planning, strategy, and political and economic issues, your crypto investment can be the best.

First, there is no a guarantee or certainty on how long these coins are going to last even Bitcoin, no one knows how long it is going to last and if anyone should tell you how long it will last, tell the person he or she is lieing. But I'm convinced within myself that Bitcoin will last for a very long time but I don't know about forever. For your information Ethereum doesn't rise the way you said it use to rise and you can not compare it with Bitcoin because Ethereum still depends on Bitcoin growth.

[Merit.s]

In fact, DCA is the best way to invest in coins that you are absolutely sure will last forever and will see their value improve significantly in the future. For example, you can use dca on currencies like bitcoin and ethereum because their prices increase rapidly. Trading and investing is a game of making decisions between probability and uncertainty. So if you do your investment homework and stay informed about management, business, planning, strategy, and political and economic issues, your crypto investment can be the best.

For mentioning Ethereum, I know that you're a gambler in the cryptospace that's a shitcoiner and a trader and that will definitely lead you to losses and regrets in the cryptospace because bitcoin long-term investment is the way out of poverty in the future if only you can DCA on bitcoin and grow your bitcoin stash weekly, consistently and persistently for 4-10 years and above.

It's useless to DCA on a shitcoin because it is like wasting your time, money and energy. Did you know that Ethereum was unable to reach an a new ATH this circle. It couldn't even reach the its ATH of 5k that it did in 2021. Only bitcoin works with DCA to build your bitcoin stash over a long period of time not on coins that depreciate in value overtime. Lastly, Ethereum is centralized and your asset can be frozen any time inside your wallet.

[MusaPk]

One thing I would like to add is that one of best way to accumulate bitcoin is to gather it in a way like you are paid in signature campaign i.e. every week on a particular day. This frees you from tension of choosing the right time to buy Bitcoin on a specific day in week. Like if my signature campaign pays me 100$ on every money and that campaign continuous for 4 years then I will be able to invest almost 20,800$ (5200x4) in to Bitcoin. Provided I have other source of income to meet my daily and emergency requirements this 20,800$ will remain intact after completion of 4 years. This 20,800$ will be able to give me good return, if its not touched for 4 years.  

Signature campaigns are for a fixed duration of time and so they are not a reliable way of accumulating Bitcoin....

This is true. Not many campaigns last for more then a year. What I am trying to say is that if we plan to invest 100$ per week then one good strategy will be to invest that regularly on a particular day like every Monday for 4 years or may be more. If you are a new coiner then you must follow that strategy because in that case your main goal is to first have some decent number of Bitcoins in your portfolio. The average of all such buys when calculated for 4 years will give us a good aggregated buying price.

[Emjay24]

Sometimes some people think one need to have huge amount of money before they can get started with their Bitcoin investment, honestly we don't have to break a bank or become too rich before we can get started with our Bitcoin investment once we have our discretionary income available no matter how small it may be we can get started with it as long as it's been done for long consistently a good amount of Bitcoin can be accumulated.

This is big misconception they made and they should correct it by learning at least the basic thing about Bitcoin. Since starting up does not actually require or need lots of money, because even if they have few bucks came from their discretionary income they can start right away as long as they are willing to proceed their journey.

Those small steps they made can add up and each action will be meaningful in future. Yeah we cannot get those profit that we want overnight, but if we steadily build our position those good actions we do will provably work on our favor, then future is great for us or those who hold Bitcoin for many years.

Bitcoin does not really guarantee you a great future as our investments aren't insured to be successful, yet each of us choosing bitcoin is staking our financial future on the ability of bitcoin to continue performing better based on its history of good performance.

Bitcoin is arguable the best performing digital asset and has the potentials of continuing to perform well for longer, but we are not guaranteed that the "future is great for us or those who hold Bitcoin for many years"

~

Well, in as much as I will like to agree with your suggestion I will also like you to know that learning by ourselves is always very hard, perhaps if a newbie is not dedicated or committed to thier Bitcoin investment they might start deviating after incurring several losses that is why we need to have a mentor even though they don't provide us with all the informations we need but I believe they can be able give us the basic knowledge, after that we can decide to make our own consultation for more clarification since the informations they gave to us  is not sufficient or we are kind of having a doubt, I think this is the best way to learn instead of learning all by yourself because this will save us from incurring some unnecessary loss.

I would love to remind you that commitment and dedication is a personal decision of any investor that wants to build something worthwhile, a person who understands what being an investor entails knows very well that consistency and commitment in building for a while has the tendency to pay off to a great extent in the future.

When we are still in doubt in our bitcoin involvement, it is better to start small using DCA strategy and remain consistent in it until we have more confidence to increase our aggressiveness still within our means and from our discretionary income. An investor doesn't really need to wait for a mentor before they start off or remain consistent in their periodic buys because that is still unnecessary waiting at a time they should have gone far ahead in their buying and holding bitcoin.

It is important that you as a proposed mentor does not offer investment advices to newbies, explain it to them from a neutral standpoint and make it clear that they are making their own decisions and not following your prescriptions so that they would be totally responsible for the decisions they end up making and not blame you if they end up making mistakes in their investment journey.

[Hazink]

Signature campaigns are for a fixed duration of time and so they are not a reliable way of accumulating Bitcoin....

Few have a fixed duration of time, while some are not, and it's also not a permanent means to consider as an option to accumulate, but even as that, I have read comments from members who were on the forum long before us about how most of their accumulation were done through the help of campaign earnings when pay was high and value of bitcoin was low, every means which is going to work for someone should be used no matter how little it can help the person accumulate it's better than not trying at all.

[Creeper0]

Signature campaigns are for a fixed duration of time and so they are not a reliable way of accumulating Bitcoin....

Few have a fixed duration of time, while some are not, and it's also not a permanent means to consider as an option to accumulate, but even as that, I have read comments from members who were on the forum long before us about how most of their accumulation were done through the help of campaign earnings when pay was high and value of bitcoin was low, every means which is going to work for someone should be used no matter how little it can help the person accumulate it's better than not trying at all.

We may not need a reliable way to save Bitcoin, unless the money from the signature campaign is your only source of income. If the Bitcoins you get from the signature campaign on the forum are your alternative source of income, then this money can also be very useful for your savings, it is better to get something than nothing, especially when you are getting extra. Signature campaigns are for both fixed and indefinite periods, we do not need to focus too much on that. Be dependent on the main source of income, do not make the signature campaign your main source of income.

However, investing requires a prudent source of income, it does not matter where it comes from. When we think more than we need, the journey becomes nothing but complicated. I agree with you that signature campaign funds are still a good option for savings, especially when we are getting Bitcoin directly.

[Popkon6]

In fact, DCA is the best way to invest in coins that you are absolutely sure will last forever and will see their value improve significantly in the future. For example, you can use dca on currencies like bitcoin and ethereum because their prices increase rapidly. Trading and investing is a game of making decisions between probability and uncertainty. So if you do your investment homework and stay informed about management, business, planning, strategy, and political and economic issues, your crypto investment can be the best.

Why are you confusing new investors, because all the new Bitcoin investors who have made it through your advice will definitely panic about their Bitcoin investment. In the current situation, Ethereum is completely uncertain, Bitcoin is the best investor. If you mention any other coin other than Bitcoin, then it is better not to post such a post here, such a post will confuse newbies.

[avp2306]

In fact, DCA is the best way to invest in coins that you are absolutely sure will last forever and will see their value improve significantly in the future. For example, you can use dca on currencies like bitcoin and ethereum because their prices increase rapidly. Trading and investing is a game of making decisions between probability and uncertainty. So if you do your investment homework and stay informed about management, business, planning, strategy, and political and economic issues, your crypto investment can be the best.

For mentioning Ethereum, I know that you're a gambler in the cryptospace that's a shitcoiner and a trader and that will definitely lead you to losses and regrets in the cryptospace because bitcoin long-term investment is the way out of poverty in the future if only you can DCA on bitcoin and grow your bitcoin stash weekly, consistently and persistently for 4-10 years and above.

It's useless to DCA on a shitcoin because it is like wasting your time, money and energy. Did you know that Ethereum was unable to reach an a new ATH this circle. It couldn't even reach the its ATH of 5k that it did in 2021. Only bitcoin works with DCA to build your bitcoin stash over a long period of time not on coins that depreciate in value overtime. Lastly, Ethereum is centralized and your asset can be frozen any time inside your wallet.

They always link up ETH as good to hold and maybe they are just confused because they only see that ETH is at top 2 in the market, but they fail to look at other technicalities.

If they notice that ETH has no fix supply, for sure that they get discourage and erase those thinking that ETH is good to hold for long term. Also they better look at the situation happening on the market that once Bitcoin dump almost all coins including that ETH will also dump. So if that's the case we don't need other coin to hold for long term and better go directly on Bitcoin then do DCA.

[ruykeri]

In fact, DCA is the best way to invest in coins that you are absolutely sure will last forever and will see their value improve significantly in the future. For example, you can use dca on currencies like bitcoin and ethereum because their prices increase rapidly. Trading and investing is a game of making decisions between probability and uncertainty. So if you do your investment homework and stay informed about management, business, planning, strategy, and political and economic issues, your crypto investment can be the best.

There is a problem with your statement. You are taking a good idea like DCA and mixing it with assets that you are absolutely sure will last forever. Where does this kind of certainty come from? Even in the case of Bitcoin, the future is not guaranteed, although its long-term possibility is very strong. And in the case of Ethereum or any other altcoin, the guaranteed future is even more careless. Confidence is needed in investing, but overconfidence is not good.
You have mixed trading and investing together with probability and uncertainty language. There is uncertainty, but traders and investors do not handle uncertainty in the same way. Traders want to catch short-term moves, investors want to build systems with time.

[Razmirraz]

In fact, DCA is the best way to invest in coins that you are absolutely sure will last forever and will see their value improve significantly in the future. For example, you can use dca on currencies like bitcoin and ethereum because their prices increase rapidly. Trading and investing is a game of making decisions between probability and uncertainty. So if you do your investment homework and stay informed about management, business, planning, strategy, and political and economic issues, your crypto investment can be the best.

Not really, if you use the word coin without mentioning it specifically like Bitcoin, then it will be general. It's important to note that not all coins can survive in the long term, so if you're looking for a long-term investment strategy, DCA is the best option, and Bitcoin is the only coin that's best suited for this approach.
Probability and uncertainty are part of investing or trading, so you need to have a specific strategy to manage risk in the crypto market. You can increase your chances of success in investing if you are equipped with knowledge about managing risks, making decisions based on the right information, conducting research and a good understanding of the factors that influence the market.

[BitBakerr1]

In fact, DCA is the best way to invest in coins that you are absolutely sure will last forever and will see their value improve significantly in the future. For example, you can use dca on currencies like bitcoin and ethereum because their prices increase rapidly. Trading and investing is a game of making decisions between probability and uncertainty. So if you do your investment homework and stay informed about management, business, planning, strategy, and political and economic issues, your crypto investment can be the best.

Why are you confusing new investors, because all the new Bitcoin investors who have made it through your advice will definitely panic about their Bitcoin investment. In the current situation, Ethereum is completely uncertain, Bitcoin is the best investor. If you mention any other coin other than Bitcoin, then it is better not to post such a post here, such a post will confuse newbies.

Yeah we should focus on bitcoin investment, a lot of people have been affected by trying to invest in different kind of cryptocurrency at same time because it has made them not to focus and accumulate enough bitcoin and those other cryptocurrency they put their money in usually fail them some set of people who have been affected financially because they decided to invest in some many cryptocurrencies at same time, bitcoin will remain the best when it comes to cryptocurrency and investing in it will remain the best, I agree with you that what should be discussed in this thread should only be bitcoin and not other cryptocurrencies.
I’m not saying one can’t invest in other coin, you can do that but be smart when doing that, right now I’m holding Chamby token but I focus on accumulating bitcoin weekly.

[Proty]

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.

I don't understand what you mean by serious amount before you can get started. No need of waiting till then if you already have as little as $10 or more as your discretionary income, you can get started immediately. You don't need to wait to start saving your discretionary income till it reach a serious amount because it will delay the growth of your bitcoin investment.

Know the basic knowledge of bitcoin and your little discretionary income will put you in a better position than waiting as a no coiner. What matters is your ongoingly accumulation with DCA consistently and persistently for 4-10 years and above. Not the amount that you want to start with is what will grow your portfolio without consistency.

Sometimes some people think one need to have huge amount of money before they can get started with their Bitcoin investment, honestly we don't have to break a bank or become too rich before we can get started with our Bitcoin investment once we have our discretionary income available no matter how small it may be we can get started with it as long as it's been done for long consistently a good amount of Bitcoin can be accumulated.

Anything goes from small to big, that's why we should start small, don't expose yourself to complete failure to start big. There are many who want to start big, and for this they can't start at all, and at one point they completely move away from it. That's why you have to start with what you have, it will keep growing gradually over time, when small amounts of Bitcoin are collected continuously, it will gradually create a significant amount at a time, but of course the project is long-term.

starting big or small depends on an investor financial situation because the amount they started with may be small to them but to you it may looks big. It will be wrong to think that anyone that started big is bound to fail in his or her bitcoin investment. As long as they are investing using there discretionionary income and  are doing the needful ,starting big won't be a mistake. However, there are people that may prefer to start small despite having the financial capacity to start big reason being that they want to act safe. A rich folks that has what it takes to start big may still succeed and someone that started small may fail. The most important thing is doing the right thing like investing with discretionionary income.

[Derekfunds]

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.

I don't understand what you mean by serious amount before you can get started. No need of waiting till then if you already have as little as $10 or more as your discretionary income, you can get started immediately. You don't need to wait to start saving your discretionary income till it reach a serious amount because it will delay the growth of your bitcoin investment.

Know the basic knowledge of bitcoin and your little discretionary income will put you in a better position than waiting as a no coiner. What matters is your ongoingly accumulation with DCA consistently and persistently for 4-10 years and above. Not the amount that you want to start with is what will grow your portfolio without consistency.

Sometimes some people think one need to have huge amount of money before they can get started with their Bitcoin investment, honestly we don't have to break a bank or become too rich before we can get started with our Bitcoin investment once we have our discretionary income available no matter how small it may be we can get started with it as long as it's been done for long consistently a good amount of Bitcoin can be accumulated.

Anything goes from small to big, that's why we should start small, don't expose yourself to complete failure to start big. There are many who want to start big, and for this they can't start at all, and at one point they completely move away from it. That's why you have to start with what you have, it will keep growing gradually over time, when small amounts of Bitcoin are collected continuously, it will gradually create a significant amount at a time, but of course the project is long-term.

starting big or small depends on an investor financial situation because the amount they started with may be small to them but to you it may looks big. It will be wrong to think that anyone that started big is bound to fail in his or her bitcoin investment. As long as they are investing using there discretionionary income and  are doing the needful ,starting big won't be a mistake. However, there are people that may prefer to start small despite having the financial capacity to start big reason being that they want to act safe. A rich folks that has what it takes to start big may still succeed and someone that started small may fail. The most important thing is doing the right thing like investing with discretionionary income.

I totally agree with you, I wonder why some people think that the word or statement " invest with what you can afford to lose" means someone must or should invest with small amount of money no that is lack of knowledge and understanding investing with what someone can afford to lose is not specified the exact amount to invest but rather whatever an investor is able to sort out as a discrestionary income is what an investor can afford to lose and this can be small or big depending on individuals and so we should not have a huge discretionary income and be using a small part of it to accumulate because it's still lack of knowledge and understanding.

[Merit.s]

You can increase your chances of success in investing if you are equipped with knowledge about managing risks, making decisions based on the right information, conducting research and a good understanding of the factors that influence the market.

You don't need to know about the factors that affects the market or equip yourself with such knowledge before you can be successful in your long-term bitcoin accumulation goal because it wouldn't add any value to your bitcoin stash since you are to keep your DCA ongoing weekly, consistently and persistently till you reach your bitcoin target.

You don't need to distract yourself from your bitcoin goal because you are only buying whenever, your discretionary income is available and the market is filled with uncertainties making irrelevant to learn about the factors that affect the market since you don't want to sell until, you reach your over accumulation stage.

What a long-term bitcoin investor needs is to study his income and make the right decision on how much from his discretionary income, he will use to DCA weekly. Also, he should think of a means of increasing his income so that, it wouldn't affect him from keeping his bitcoin accumulation ongoing in case his expenses increases and his income doesn't. If his income increases, he can also increase his DCA amount from his discretionary income due to its increment.

[Rockstarguy]

In fact, DCA is the best way to invest in coins that you are absolutely sure will last forever and will see their value improve significantly in the future. For example, you can use dca on currencies like bitcoin and ethereum because their prices increase rapidly. Trading and investing is a game of making decisions between probability and uncertainty. So if you do your investment homework and stay informed about management, business, planning, strategy, and political and economic issues, your crypto investment can be the best.

The DCA method is a strategy of investing that is done consistently. Based on what Bitcoin is, Bitcoin is the right coin that is best suited for using this strategy for investment.

One of the reasons Bitcoin is good for using the DCA method is because it is reliable, and consistently investing in it will likely be profitable in the future. It is very risky to invest in shitcoins using the DCA method because, by accumulating these coins, you can't predict what the future will be like. Shitcoins are not reliable and are not worth accumulating because they lack good value.

[Qhunman]

One thing I would like to add is that one of best way to accumulate bitcoin is to gather it in a way like you are paid in signature campaign i.e. every week on a particular day. This frees you from tension of choosing the right time to buy Bitcoin on a specific day in week. Like if my signature campaign pays me 100$ on every money and that campaign continuous for 4 years then I will be able to invest almost 20,800$ (5200x4) in to Bitcoin. Provided I have other source of income to meet my daily and emergency requirements this 20,800$ will remain intact after completion of 4 years. This 20,800$ will be able to give me good return, if its not touched for 4 years.  

That's a good strategy to accumulate bitcoin, buying bitcoin weekly and consistently from paid signature campaign but it should done using discretionary income. Accumulate bitcoin from money with receive from paid signature campaign without sorting your basic needs first is gambling. It doesn't matter whether you have multiple sources of income, accumulating bitcoin has to be done within your discretionary income which is the money that remain after your basic needs has been met.