Does the DCA strategy inspire newbies to invest?

[ultrloa]

[edited out]

Bitcoin is like a puzzle that you need different pieces to solve it. These pieces include Consistency, DCA, Patience and Discipline, and Building Emergency funds. Incorporating all of them put you in a better position than other investors who takes one or two  out of those pieces and leave the rest. Being consistent with small amounts won't give the kind of gain someone is looking for in the long term. Although no amount is really useless, but If you are a person who invests little funds into Bitcoin and you hope to get good returns, try to get another source of income  in which you can use to increase your discretionary income. But if you are someone who wants to stick to that little amount even though you have other means to increase your income then the thought of seeing massive gains should be removed. In as much we've talked about Consistency and DCA , someone who doesn't have patience and discipline to hold through tough times will sell prematurely. Then all your efforts will be wasted.

I don't like your "bitcoin is like a puzzle" idea, since I prefer to think that bitcoin is accessible to everyone and anyone as long as they have discretionary funds and they are not retarded, and no special talents are needed except to get started buying it and even to maintain weekly buys, as long a discretionary funds are available each week (or can be made available)...and the person figures out ways to start out slow and then just ongoingly learn from practice and paying attention, and such practice will help normies to both build their bitcoin stash size and to build their cashflow management that involves the building up and maintenance of back up funds..

I also don't like those projection since its like only people has access on it since not everyone can solve it. I'd prefer Bitcoin is accessible by anyone especially if people have discretionary funds to spend.

With that we can say that there's no special skills or talent needed and they can do this investment if they are willing to pay attention on the strategy they are using, have discipline to manage their funds and willing to start or practice using small amount.

If they do this there's great chance that those little efforts they made will grow over time and this could strengthen up not only their financial habits also discipline to wait for great things to come in future with Bitcoin.

[Razmirraz]

Snip.

Bitcoin is like a puzzle that you need different pieces to solve it. These pieces include Consistency, DCA, Patience and Discipline, and Building Emergency funds. Incorporating all of them put you in a better position than other investors who takes one or two  out of those pieces and leave the rest. Being consistent with small amounts won't give the kind of gain someone is looking for in the long term. Although no amount is really useless, but If you are a person who invests little funds into Bitcoin and you hope to get good returns, try to get another source of income  in which you can use to increase your discretionary income. But if you are someone who wants to stick to that little amount even though you have other means to increase your income then the thought of seeing massive gains should be removed. In as much we've talked about Consistency and DCA , someone who doesn't have patience and discipline to hold through tough times will sell prematurely. Then all your efforts will be wasted.

I disagree with your opinion that "Bitcoin is like a puzzle that requires various pieces to complete it". I want to clear up this misconception so that it doesn't mislead beginners who want to learn about Bitcoin. Bitcoin is not a puzzle because Bitcoin is a digital currency that is accessible to anyone with sufficient funds and a willingness to learn. So clearly, there are no hard and fast steps to take to use Bitcoin, but rather understanding how it works and making informed investment decisions.
Bitcoin is like a toll road open to anyone who wants to learn and start investing. Here, you don't need to solve the puzzle, but rather understand how it works and decide to start interacting with it. The decision to start depends on your choice, whether you want to position yourself as a trader or an investor.

[Joeboy]

I also agree with you to some point that consistency determines the size of someone portfolio yet we need to also use something reasonable why accumulating perhaps you have not seen someone who is consistent in what he is doing and yet it doesn't look like he is making progress. I think I remember bumping on post where someone said that we can accumulate even with a dollar, at first it was very funny because I consider that as almost nothing when it comes to Bitcoin but I realized it might be what he can afford to lose and trust me if the person is accumulating with a dollar monthly, how many years do you think this folk will see something reasonable even though he is consistent? And it is possible that the saying "use what you can afford to lose" rings a different bell to the person.

Bitcoin isn't an investment for only the rich, so even though a guy after settling his basic expenses begins making a dollar investment on a monthly basis, I still think that such an individual is far more better than those folks who are still waiting until they have high amount of discretionary income until they can start... Starting small is always better than delaying to start coz folks can always get to learn, grow adopt and also increase their investments amounts to quite a reasonable amount as they go on with their investment journey... And they could very well achieve this by either cutting down irrelevant expenses after separating your needs from your wants and/or building other income sources...

[Hewlet]

I also agree with you to some point that consistency determines the size of someone portfolio yet we need to also use something reasonable why accumulating perhaps you have not seen someone who is consistent in what he is doing and yet it doesn't look like he is making progress. I think I remember bumping on post where someone said that we can accumulate even with a dollar, at first it was very funny because I consider that as almost nothing when it comes to Bitcoin but I realized it might be what he can afford to lose and trust me if the person is accumulating with a dollar monthly, how many years do you think this folk will see something reasonable even though he is consistent? And it is possible that the saying "use what you can afford to lose" rings a different bell to the person.

Bitcoin isn't an investment for only the rich, so even though a guy after settling his basic expenses begins making a dollar investment on a monthly basis, I still think that such an individual is far more better than those folks who are still waiting until they have high amount of discretionary income until they can start... Starting small is always better than delaying to start coz folks can always get to learn, grow adopt and also increase their investments amounts to quite a reasonable amount as they go on with their investment journey...

How you start investing is just a small aspect of what plays out in your investment journey. At the end of the day, it's the process that matters most and by the process, it's a combination of different things like times when you might not be financially strong enough to buy a lot of bitcoin, times you can buy much, time you will buy at the DIP and time you will buy at a price that's relatively high. If you're afraid of buying at a high price, chances are high that you wouldn't buy at all and if you're looking at having everything all figured out before buying, that's going to be a serious problem in it own.

The DCA investment method eliminates every form of lapses that's associated with staying invested because you just buy when you have the resource and not neccerily at a time that's convenience for you.

[Tmoonz]

[edited out]

Bitcoin is like a puzzle that you need different pieces to solve it. These pieces include Consistency, DCA, Patience and Discipline, and Building Emergency funds. Incorporating all of them put you in a better position than other investors who takes one or two  out of those pieces and leave the rest. Being consistent with small amounts won't give the kind of gain someone is looking for in the long term. Although no amount is really useless, but If you are a person who invests little funds into Bitcoin and you hope to get good returns, try to get another source of income  in which you can use to increase your discretionary income. But if you are someone who wants to stick to that little amount even though you have other means to increase your income then the thought of seeing massive gains should be removed. In as much we've talked about Consistency and DCA , someone who doesn't have patience and discipline to hold through tough times will sell prematurely. Then all your efforts will be wasted.

I don't like your "bitcoin is like a puzzle" idea, since I prefer to think that bitcoin is accessible to everyone and anyone as long as they have discretionary funds and they are not retarded, and no special talents are needed except to get started buying it and even to maintain weekly buys, as long a discretionary funds are available each week (or can be made available)...and the person figures out ways to start out slow and then just ongoingly learn from practice and paying attention, and such practice will help normies to both build their bitcoin stash size and to build their cashflow management that involves the building up and maintenance of back up funds..

I don't also like such projection about Bitcoin being like puzzle which you need different pieces to solve, that can only be related to the to the tedious and frustrating approach of trading, things li

I also don't like those projection since its like only people has access on it since not everyone can solve it. I'd prefer Bitcoin is accessible by anyone especially if people have discretionary funds to spend.

With that we can say that there's no special skills or talent needed and they can do this investment if they are willing to pay attention on the strategy they are using, have discipline to manage their funds and willing to start or practice using small amount.

If they do this there's great chance that those little efforts they made will grow over time and this could strengthen up not only their financial habits also discipline to wait for great things to come in future with Bitcoin.

I don't also like such projection about Bitcoin being like a puzzle, that can only be related to tedious and frustrating way of talking about trading Bitcoin and not investment while the concepts here is Bitcoin investment and not trading, solving puzzle itself can be overwhelming for large number of persons out there hence subjecting to bitcoin investment can screw up and scared lot of people that might want to invest in to bitcoin maybe for the first time, investing in not as difficult as relating it to solving a puzzle people will easily give up on the road I must say, discretionary income is all we need primarily all other things should be secondary.

[Hardyrobust]

I also agree with you to some point that consistency determines the size of someone portfolio yet we need to also use something reasonable why accumulating perhaps you have not seen someone who is consistent in what he is doing and yet it doesn't look like he is making progress. I think I remember bumping on post where someone said that we can accumulate even with a dollar, at first it was very funny because I consider that as almost nothing when it comes to Bitcoin but I realized it might be what he can afford to lose and trust me if the person is accumulating with a dollar monthly, how many years do you think this folk will see something reasonable even though he is consistent? And it is possible that the saying "use what you can afford to lose" rings a different bell to the person.

Bitcoin isn't an investment for only the rich, so even though a guy after settling his basic expenses begins making a dollar investment on a monthly basis, I still think that such an individual is far more better than those folks who are still waiting until they have high amount of discretionary income until they can start... Starting small is always better than delaying to start coz folks can always get to learn, grow adopt and also increase their investments amounts to quite a reasonable amount as they go on with their investment journey... And they could very well achieve this by either cutting down irrelevant expenses after separating your needs from your wants and/or building other income sources...

Yes you are right. Bitcoin investment is not just for the rich folks alone both the poor folks can equal invest in bitcoin provided that they have discretionionary income to do so. With DCA strategy those with low discretionionary that can not afford to do lump sum buying can start accumulating bitcoin using DCA strategy with there available discretionionary. Those that are waiting for when they will have a good amount of discretionionary income will end up missing opportunities. So it is not a must that an investor should start with a huge amount but with whatever they have as there discretionionary. They can be buying and be working on increasing there cash flow.

[Big Dirams]

here is the problem, because It is where some set of folks are not seeing a Bitcoin dip as an opportunity; instead, they are seeing it as their main strategy for accumulating Bitcoin. I would say this is wrong because nobody can accurately predict Bitcoin’s price.so, people should not see dips as a strategy, but rather as an opportunity. When a dip happens, they can make use of it and buy some amount of Bitcoin at that period. However, they should never wait only for dips, otherwise, they may end up not buying Bitcoin again, because the price may not return to the level they have in mind for accumulation.so, let’s get it clear,buying the dip is just an opportunity, but DCA is a true investment strategy. In fact, DCA is one of the best ways to invest in Bitcoin, as it allows investors to buy at different price levels and helps limit risk.

One thing to set right is that no need to sit back and keep waiting for bitcoin dips before accumulation because that just some waste of opportunity and beside no one really knowns the market next movement only what we are good at is just making assumptions and predictions so why not just apply the smart strategy DCA so we wouldn’t be left out nor sit back and keep waiting for the right chance when each time is the perfect time for accumulation.
 When one has long term mindset for bitcoin investment then no need to wait instead each time is just right for accumulation. DCA has made everything more easier so we can keep accumulating both during dips and highs and we won’t be left in dark. Waiting for dips can be a waste of time.

[As-Soon-As]

Bitcoin isn't an investment for only the rich, so even though a guy after settling his basic expenses begins making a dollar investment on a monthly basis, I still think that such an individual is far more better than those folks who are still waiting until they have high amount of discretionary income until they can start... Starting small is always better than delaying to start coz folks can always get to learn, grow adopt and also increase their investments amounts to quite a reasonable amount as they go on with their investment journey... And they could very well achieve this by either cutting down irrelevant expenses after separating your needs from your wants and/or building other income sources...

Yes you are right. Bitcoin investment is not just for the rich folks alone both the poor folks can equal invest in bitcoin provided that they have discretionionary income to do so. With DCA strategy those with low discretionionary that can not afford to do lump sum buying can start accumulating bitcoin using DCA strategy with there available discretionionary. Those that are waiting for when they will have a good amount of discretionionary income will end up missing opportunities. So it is not a must that an investor should start with a huge amount but with whatever they have as there discretionionary. They can be buying and be working on increasing there cash flow.

Those who have a discretionary income and are dependent on it in their current position will not have to buy Bitcoin occasionally, they will be able to hold Bitcoin for a long time and create an opportunity to invest for a long time. Those who will invest in Bitcoin by following the Bitcoin DCA method and maintaining the continuity of purchase will find it easier to keep it for a long time.
Because investing in Bitcoin in this DCA method will greatly increase the possibility of growing your portfolio, and you will be able to move forward even in the current situation. Because you are continuing to invest in Bitcoin for the future, you will definitely be able to be patient with yourself to succeed.

[B2Z]

One of the advantages of DCA is that you can tailor the ongoing buying (whether weekly or otherwise) to your income level and also to your desired level of aggressiveness, and frequently aggressiveness should be determined based on the availability (and strength) of cashflows (and back up funds) rather than based on whether the BTC price might be going up, down or sideways.

The only thing mandatory for DCA is that you remain consistent and never break your buying streak. If you just remain consistent with what you initially plan to invest in Bitcoin like 100$ per week into Bitcoin then that 100 dollar per week can give you good return after 4 years or more. You can increase your profit, if you keep on investing more in Bitcoin as and when you have more money available at your disposal. DCA gives you all that liberty and we just need to understand that.   

A person can invest with any amount of money according to his freedom, it is his freedom, so you can never force many people to invest with more money and there are many investors who can invest in Bitcoin with a small amount of money. However, we must keep in mind that we have to continue investing in Bitcoin by maintaining the continuity of purchase, and if a new investor invests in Bitcoin according to his ability and holds it for the future, he will definitely be able to sustain his investment with prudent income.
Therefore, investing in Bitcoin according to the DCA strategy is a very good idea, as it maintains the continuity of Bitcoin purchase.

The amount of money an investor plans to invest continuously considering his income will depend entirely on that investor because that person will understand his situation well. From the outside, we may be able to give some advice to other investors and if the investor likes those suggestions, then he can take our advice and make some decisions accordingly.

In the case of continuous investment, one actually needs a permanent income and some extra money excluding all expenses. That is why additional money is needed because when an investor invests in Bitcoin with extra money after meeting all his needs, he will not feel the pressure of that investment and when he can continue investing comfortably, he will already be interested in investing and he will be able to continue this investment for a long time.

DCA investment strategy is definitely effective whether he is a new investor or an experienced investor, but some things must be considered carefully as an investor. 
For example, while investing, the investor should keep in mind that for some reason his investment may be irregular, but he should not suddenly sell the investment because if an investor suddenly sells their investment after investing in a long-term plan, it will actually be considered as trading.

Another important thing that should be added is the formation of an emergency fund. If there is this emergency fund, even if a sudden financial need arises, the need can be met using the emergency fund, in which case the investor will not have to decide to sell the investment.

[Cossyblack]

I could not agree with you, because if you have to invest according to the DCA method, then you must maintain the continuity of Bitcoin purchases. The comments you have made will confuse the newbies, so you must move forward towards the future by investing in Bitcoin and maintaining the continuity of purchases, and this is the only good plan to increase your Bitcoin portfolio. In the current situation, to move forward towards the future with Bitcoin investments, more prudent income is needed, so those who employ Bitcoin through prudent income are the only ones who will be able to reach the destination according to the plan.

I don't agree on this. It isn't compulsory that an investor using dca must invest consistently. He can invest in his own convenience when he has discretionary income. One of the importance of dca strategy is that folks can buy bitcoin regardless of when they have discretionary income. Folks that don't have stable source of incomes can benefit from using dca as they can invest when they have discretionary income. However folks who accumulate bitcoin at regular interval weekly or monthly using dca reach over-accumulation faster than folks who don't invest consistently.

[laspol65]

I could not agree with you, because if you have to invest according to the DCA method, then you must maintain the continuity of Bitcoin purchases. The comments you have made will confuse the newbies, so you must move forward towards the future by investing in Bitcoin and maintaining the continuity of purchases, and this is the only good plan to increase your Bitcoin portfolio. In the current situation, to move forward towards the future with Bitcoin investments, more prudent income is needed, so those who employ Bitcoin through prudent income are the only ones who will be able to reach the destination according to the plan.

I don't agree on this. It isn't compulsory that an investor using dca must invest consistently. He can invest in his own convenience when he has discretionary income. One of the importance of dca strategy is that folks can buy bitcoin regardless of when they have discretionary income. Folks that don't have stable source of incomes can benefit from using dca as they can invest when they have discretionary income. However folks who accumulate bitcoin at regular interval weekly or monthly using dca reach over-accumulation faster than folks who don't invest consistently.

Those who will maintain the continuity of purchase in Bitcoin investment will be able to grow their portfolio by investing in Bitcoin, but Bitcoin is not mandatory continuously. However, it helps the investor to accumulate more Bitcoin, but every investor should have the objective of investing in Bitcoin for the long term. However, according to our objective, we will accumulate Bitcoin by following the regular DCA method, because in the current situation, investing in Bitcoin is very important because the price of Bitcoin is under considerable control.

[MusaPk]

A person can invest with any amount of money according to his freedom, it is his freedom, so you can never force many people to invest with more money and there are many investors who can invest in Bitcoin with a small amount of money. However, we must keep in mind that we have to continue investing in Bitcoin by maintaining the continuity of purchase, and if a new investor invests in Bitcoin according to his ability and holds it for the future, he will definitely be able to sustain his investment with prudent income.
Therefore, investing in Bitcoin according to the DCA strategy is a very good idea, as it maintains the continuity of Bitcoin purchase.

Nobody can force anyone to invest more or less, its just personal choice that you are investing maximum or you prefer to remain wimpy. If you have 100$ spare in your pocket and you prefer to invest just 50$ then it's your personal choice to remain wimpy. But those who have 100$ spare and are investing 100$ in Bitcoin are doing there own benefit because they are increasing their future profit. 

Folks investing into bitcoin don't have to be consistent when employing DCA.

If you don't want want to maintain consistency then you have to figure out yourself when to buy and when not. We have already discussed that such strategies won't work as we have seen result of Saylor inconsistent accumulation strategy.

[arwin100]

I could not agree with you, because if you have to invest according to the DCA method, then you must maintain the continuity of Bitcoin purchases. The comments you have made will confuse the newbies, so you must move forward towards the future by investing in Bitcoin and maintaining the continuity of purchases, and this is the only good plan to increase your Bitcoin portfolio. In the current situation, to move forward towards the future with Bitcoin investments, more prudent income is needed, so those who employ Bitcoin through prudent income are the only ones who will be able to reach the destination according to the plan.

I don't agree on this. It isn't compulsory that an investor using dca must invest consistently. He can invest in his own convenience when he has discretionary income. One of the importance of dca strategy is that folks can buy bitcoin regardless of when they have discretionary income. Folks that don't have stable source of incomes can benefit from using dca as they can invest when they have discretionary income. However folks who accumulate bitcoin at regular interval weekly or monthly using dca reach over-accumulation faster than folks who don't invest consistently.

DCA actually work when people doing this strategy is consistent, since the point of this is to make their accumulation smooth by buying regularly. If investor choose only to buy at their convenience then I think this is not actually DCA method, but rather a lump sump strategy which has been done occasionally.

The real benefit of using DC since it takes out those waiting decision while the investors will slowly build good discipline. This is the reason why those consistent people get more volume more faster compare to those people buying Bitcoin on occasional basis.

[cxtreenal]

I could not agree with you, because if you have to invest according to the DCA method, then you must maintain the continuity of Bitcoin purchases. The comments you have made will confuse the newbies, so you must move forward towards the future by investing in Bitcoin and maintaining the continuity of purchases, and this is the only good plan to increase your Bitcoin portfolio. In the current situation, to move forward towards the future with Bitcoin investments, more prudent income is needed, so those who employ Bitcoin through prudent income are the only ones who will be able to reach the destination according to the plan.

I don't agree on this. It isn't compulsory that an investor using dca must invest consistently. He can invest in his own convenience when he has discretionary income. One of the importance of dca strategy is that folks can buy bitcoin regardless of when they have discretionary income. Folks that don't have stable source of incomes can benefit from using dca as they can invest when they have discretionary income. However folks who accumulate bitcoin at regular interval weekly or monthly using dca reach over-accumulation faster than folks who don't invest consistently.

DCA actually work when people doing this strategy is consistent, since the point of this is to make their accumulation smooth by buying regularly. If investor choose only to buy at their convenience then I think this is not actually DCA method, but rather a lump sump strategy which has been done occasionally.

The real benefit of using DC since it takes out those waiting decision while the investors will slowly build good discipline. This is the reason why those consistent people get more volume more faster compare to those people buying Bitcoin on occasional basis.

You said that DCA method is effective when an investor is consistent in this strategy. I humbly disagree with your opinion. If an investor has a plan he will accumulate Bitcoin in the long term through DCA method, this is certainly an important thing but many cannot be consistent. But those investors are very confident about going to the 4-10 year overaccumulation stage they may buy lump sum Bitcoin sometimes. But they are doing DCA method but despite trying to be consistent they may sometimes have gaps in their Bitcoin accumulation but they must be persistent in their target. They build Bitcoin holdings even if they are not consistent.

It is good to be consistent in Bitcoin accumulation but in reality it may not be possible for some investors but they must be committed to implementing DCA and establish huge Bitcoin holdings.

[Proty]

I could not agree with you, because if you have to invest according to the DCA method, then you must maintain the continuity of Bitcoin purchases. The comments you have made will confuse the newbies, so you must move forward towards the future by investing in Bitcoin and maintaining the continuity of purchases, and this is the only good plan to increase your Bitcoin portfolio. In the current situation, to move forward towards the future with Bitcoin investments, more prudent income is needed, so those who employ Bitcoin through prudent income are the only ones who will be able to reach the destination according to the plan.

I don't agree on this. It isn't compulsory that an investor using dca must invest consistently. He can invest in his own convenience when he has discretionary income. One of the importance of dca strategy is that folks can buy bitcoin regardless of when they have discretionary income. Folks that don't have stable source of incomes can benefit from using dca as they can invest when they have discretionary income. However folks who accumulate bitcoin at regular interval weekly or monthly using dca reach over-accumulation faster than folks who don't invest consistently.

DCA actually work when people doing this strategy is consistent, since the point of this is to make their accumulation smooth by buying regularly. If investor choose only to buy at their convenience then I think this is not actually DCA method, but rather a lump sump strategy which has been done occasionally.

The real benefit of using DC since it takes out those waiting decision while the investors will slowly build good discipline. This is the reason why those consistent people get more volume more faster compare to those people buying Bitcoin on occasional basis.

without being consistent the DCA strategy will still work. You don't need to be buying bitcoin on weekly or monthly basis before the DCA strategy will work. The DCA strategy should work or aling with an investor cash flow. For those that don't have a stable cash flow or irregular cash flow they can DCA whenever the discretionionary Income is available to do so and the DCA strategy will still work perfectly for them. However what consistentency does is that it increases an investor bitcoin holdings with time.

[Kryptonite788]

I could not agree with you, because if you have to invest according to the DCA method, then you must maintain the continuity of Bitcoin purchases. The comments you have made will confuse the newbies, so you must move forward towards the future by investing in Bitcoin and maintaining the continuity of purchases, and this is the only good plan to increase your Bitcoin portfolio. In the current situation, to move forward towards the future with Bitcoin investments, more prudent income is needed, so those who employ Bitcoin through prudent income are the only ones who will be able to reach the destination according to the plan.

I don't agree on this. It isn't compulsory that an investor using dca must invest consistently. He can invest in his own convenience when he has discretionary income. One of the importance of dca strategy is that folks can buy bitcoin regardless of when they have discretionary income. Folks that don't have stable source of incomes can benefit from using dca as they can invest when they have discretionary income. However folks who accumulate bitcoin at regular interval weekly or monthly using dca reach over-accumulation faster than folks who don't invest consistently.

DCA actually work when people doing this strategy is consistent, since the point of this is to make their accumulation smooth by buying regularly. If investor choose only to buy at their convenience then I think this is not actually DCA method, but rather a lump sump strategy which has been done occasionally.

The real benefit of using DC since it takes out those waiting decision while the investors will slowly build good discipline. This is the reason why those consistent people get more volume more faster compare to those people buying Bitcoin on occasional basis.

without being consistent the DCA strategy will still work. You don't need to be buying bitcoin on weekly or monthly basis before the DCA strategy will work. The DCA strategy should work or aling with an investor cash flow. For those that don't have a stable cash flow or irregular cash flow they can DCA whenever the discretionionary Income is available to do so and the DCA strategy will still work perfectly for them. However what consistentency does is that it increases an investor bitcoin holdings with time.

This is a very misleading statement. DCA strategy can never work without CONSISTENCY as it is the basis on which the idea of DCA strategy revolves around ,once consistency is removed then it’s stops being true DCA and starts to look like random investing. DCA strategy requires discipline and repetition because those two factors are actually what makes it work.

[cocadalcan]

I could not agree with you, because if you have to invest according to the DCA method, then you must maintain the continuity of Bitcoin purchases. The comments you have made will confuse the newbies, so you must move forward towards the future by investing in Bitcoin and maintaining the continuity of purchases, and this is the only good plan to increase your Bitcoin portfolio. In the current situation, to move forward towards the future with Bitcoin investments, more prudent income is needed, so those who employ Bitcoin through prudent income are the only ones who will be able to reach the destination according to the plan.

I don't agree on this. It isn't compulsory that an investor using dca must invest consistently. He can invest in his own convenience when he has discretionary income. One of the importance of dca strategy is that folks can buy bitcoin regardless of when they have discretionary income. Folks that don't have stable source of incomes can benefit from using dca as they can invest when they have discretionary income. However folks who accumulate bitcoin at regular interval weekly or monthly using dca reach over-accumulation faster than folks who don't invest consistently.

DCA actually work when people doing this strategy is consistent, since the point of this is to make their accumulation smooth by buying regularly. If investor choose only to buy at their convenience then I think this is not actually DCA method, but rather a lump sump strategy which has been done occasionally.

The real benefit of using DC since it takes out those waiting decision while the investors will slowly build good discipline. This is the reason why those consistent people get more volume more faster compare to those people buying Bitcoin on occasional basis.

without being consistent the DCA strategy will still work. You don't need to be buying bitcoin on weekly or monthly basis before the DCA strategy will work. The DCA strategy should work or aling with an investor cash flow. For those that don't have a stable cash flow or irregular cash flow they can DCA whenever the discretionionary Income is available to do so and the DCA strategy will still work perfectly for them. However what consistentency does is that it increases an investor bitcoin holdings with time.

I agree with you. If you are not consistent in your Bitcoin accumulation the DCA strategy will work but you need to continue to accumulate Bitcoin over a long period of time. Many people are not consistent in the DCA method for weekly or monthly Bitcoin accumulation, but they have the mental preparation to buy Bitcoin in multiple cycles. They accumulate Bitcoin at their convenience, whatever the funds available or discretionary income is. If you can have such a strategy in Bitcoin investment, then it is not a problem even if it is not consistent. If increasing your Bitcoin holdings is a real investment strategy then you can reach a good level of investment in the long term plan.

[Merit.s]

This is a very misleading statement. DCA strategy can never work without CONSISTENCY as it is the basis on which the idea of DCA strategy revolves around ,once consistency is removed then it’s stops being true DCA and starts to look like random investing. DCA strategy requires discipline and repetition because those two factors are actually what makes it work.

Continuously buying bitcoin weekly with DCA till you reach your bitcoin target is the best if you can be consistent with it but if you cannot, it doesn't mean that you are not using DCA. For instance, I have successfully DCA for 30 weeks and miss one week because I had a large monthly expenses which consumed my discretionary income and I couldn't DCA that week but DCA the next week continuously, will you say that I'm not using DCA method to accumulate bitcoin.

There are at times, that you will not be able to DCA on that week, because of lack of discretionary income, you don't need to force yourself to DCA when the funds isn't available because if you invest with any funds that's not your discretionary income, you will later sell it at loss if your needs arises and bitcoin price is below the amount you bought it. It's when you have discretionary income and fail to buy that week that it will be your own fault of not being consistent.

[Sim_card]

Nobody can force anyone to invest more or less, its just personal choice that you are investing maximum or you prefer to remain wimpy. If you have 100$ spare in your pocket and you prefer to invest just 50$ then it's your personal choice to remain wimpy.

I don't think that anyone with $100 discretionary and chooses to invest $50 into bitcoin is investing in a whimpy way. It's when you have $100 discretionary income and start investing $20 weekly is when you are investing in a whimpy way.

 But those who have 100$ spare and are investing 100$ in Bitcoin are doing there own benefit because they are increasing their future profit. 

I don't think that investing $100 which is your full discretionary income is being realistic because you have your discretionary consumption to take care of. It's not because you are investing in bitcoin, you should deprive yourself from your discretionary consumption since investing is a long-term thing.