Does the DCA strategy inspire newbies to invest?

[JayJuanGee]

DCA can help you in reducing the risk involved in Bitcoin investment. Bitcoin investment has its own risks and we have to manage these risks.

DCA helps you eliminate the pressure of having to invest large discretionary income into bitcoin at once by allowing you to buy with any amount from your discretionary income, over a long period of time, hence you must not buy 1BTC at once, but can invest even if it is $100 weekly consistently over a longer period of time and still stand a chance of meeting your target of same 1BTC, and the best part is that you don't feel the financial pressure you would've been through if you were to buy it all at once.

Like if you have a capital and you invest all that capital in Bitcoin in last October when Bitcoin price was at 120,000$ then your invested money will still be at loss but if you invest that capital through DCA strategy then you can have a reasonable average buying price.

You are thinking of short-term and it is not a good thought process for an investor, if such an investor had planned to hold for long, then they would be in a good position in the future if bitcoin continues doing well. if such an investor lump summed in October and followed up his investment journey with regular DCA and would not sell in a short-term, then he is still in a good practice since he is still adding to his stash and getting closer to his accumulation target.

The chances seem quite low that even a person investing $200 per week into bitcoin over the next 10 years would accumulate a whole BTC, $200 per week would be $10,400 over 1 year and $104k over 10 years. 

Even though it is possible, it is quite unlikely that the average cost per BTC would be $104k or less over the next 10 years.. so it seems pie in the sky even with $200 per week to expect to accumulate 1 bitcoin in the next 10 years.

[laspol65]

DCA can help you in reducing the risk involved in Bitcoin investment. Bitcoin investment has its own risks and we have to manage these risks.

DCA helps you eliminate the pressure of having to invest large discretionary income into bitcoin at once by allowing you to buy with any amount from your discretionary income, over a long period of time, hence you must not buy 1BTC at once, but can invest even if it is $100 weekly consistently over a longer period of time and still stand a chance of meeting your target of same 1BTC, and the best part is that you don't feel the financial pressure you would've been through if you were to buy it all at once.

Like if you have a capital and you invest all that capital in Bitcoin in last October when Bitcoin price was at 120,000$ then your invested money will still be at loss but if you invest that capital through DCA strategy then you can have a reasonable average buying price.

You are thinking of short-term and it is not a good thought process for an investor, if such an investor had planned to hold for long, then they would be in a good position in the future if bitcoin continues doing well. if such an investor lump summed in October and followed up his investment journey with regular DCA and would not sell in a short-term, then he is still in a good practice since he is still adding to his stash and getting closer to his accumulation target.

The chances seem quite low that even a person investing $200 per week into bitcoin over the next 10 years would accumulate a whole BTC, $200 per week would be $10,400 over 1 year and $104k over 10 years. 

Even though it is possible, it is quite unlikely that the average cost per BTC would be $104k or less over the next 10 years.. so it seems pie in the sky even with $200 per week to expect to accumulate 1 bitcoin in the next 10 years.

Over time, we need to increase our investment budget, because as time goes by, the value of money decreases, and the value of our domestic fiat currency decreases. So we must also increase our discretionary income and increase the amount of Bitcoin we invest in weekly. If we are investing in Bitcoin for the long term, then we must increase our Bitcoin investment over time so that we can eventually buy one Bitcoin.

[cocadalcan]

DCA can help you in reducing the risk involved in Bitcoin investment. Bitcoin investment has its own risks and we have to manage these risks.

DCA helps you eliminate the pressure of having to invest large discretionary income into bitcoin at once by allowing you to buy with any amount from your discretionary income, over a long period of time, hence you must not buy 1BTC at once, but can invest even if it is $100 weekly consistently over a longer period of time and still stand a chance of meeting your target of same 1BTC, and the best part is that you don't feel the financial pressure you would've been through if you were to buy it all at once.

Like if you have a capital and you invest all that capital in Bitcoin in last October when Bitcoin price was at 120,000$ then your invested money will still be at loss but if you invest that capital through DCA strategy then you can have a reasonable average buying price.

You are thinking of short-term and it is not a good thought process for an investor, if such an investor had planned to hold for long, then they would be in a good position in the future if bitcoin continues doing well. if such an investor lump summed in October and followed up his investment journey with regular DCA and would not sell in a short-term, then he is still in a good practice since he is still adding to his stash and getting closer to his accumulation target.

The chances seem quite low that even a person investing $200 per week into bitcoin over the next 10 years would accumulate a whole BTC, $200 per week would be $10,400 over 1 year and $104k over 10 years. 

Even though it is possible, it is quite unlikely that the average cost per BTC would be $104k or less over the next 10 years.. so it seems pie in the sky even with $200 per week to expect to accumulate 1 bitcoin in the next 10 years.

If you can accumulate more Bitcoins overtime during this period,  it may be possible to get a full Bitcoin. Your income will increase further in the next 10 years and you can accelerate this growth rate further if you can develop multiple sources of income by gaining skills. $200 per week will not be easy for a middle-income investor. After a year or more, if you can develop multiple sources of income or your salary increases, you can increase the speed of Bitcoin accumulation as well. Your extra effort in the process of earning can take you to a successful and good financial level and an attempt can be made to increase the holding by increasing Bitcoin accumulation.

However I think it is possible if you are persistent in your target and are mentally and financially prepared to do DCA regularly and buy lump sum of Bitcoin over this long period of 10 years. Various strategies for increasing personal income will definitely take you to a good financial level. Increasing Bitcoin holdings to balance cash flow, emergency fund provision.

[Charcol]

DCA can help you in reducing the risk involved in Bitcoin investment. Bitcoin investment has its own risks and we have to manage these risks.

DCA helps you eliminate the pressure of having to invest large discretionary income into bitcoin at once by allowing you to buy with any amount from your discretionary income, over a long period of time, hence you must not buy 1BTC at once, but can invest even if it is $100 weekly consistently over a longer period of time and still stand a chance of meeting your target of same 1BTC, and the best part is that you don't feel the financial pressure you would've been through if you were to buy it all at once.

Like if you have a capital and you invest all that capital in Bitcoin in last October when Bitcoin price was at 120,000$ then your invested money will still be at loss but if you invest that capital through DCA strategy then you can have a reasonable average buying price.

You are thinking of short-term and it is not a good thought process for an investor, if such an investor had planned to hold for long, then they would be in a good position in the future if bitcoin continues doing well. if such an investor lump summed in October and followed up his investment journey with regular DCA and would not sell in a short-term, then he is still in a good practice since he is still adding to his stash and getting closer to his accumulation target.

The chances seem quite low that even a person investing $200 per week into bitcoin over the next 10 years would accumulate a whole BTC, $200 per week would be $10,400 over 1 year and $104k over 10 years. 

Even though it is possible, it is quite unlikely that the average cost per BTC would be $104k or less over the next 10 years.. so it seems pie in the sky even with $200 per week to expect to accumulate 1 bitcoin in the next 10 years.

If you can accumulate more Bitcoins overtime during this period,  it may be possible to get a full Bitcoin. Your income will increase further in the next 10 years and you can accelerate this growth rate further if you can develop multiple sources of income by gaining skills. $200 per week will not be easy for a middle-income investor. After a year or more, if you can develop multiple sources of income or your salary increases, you can increase the speed of Bitcoin accumulation as well. Your extra effort in the process of earning can take you to a successful and good financial level and an attempt can be made to increase the holding by increasing Bitcoin accumulation.

However I think it is possible if you are persistent in your target and are mentally and financially prepared to do DCA regularly and buy lump sum of Bitcoin over this long period of 10 years. Various strategies for increasing personal income will definitely take you to a good financial level. Increasing Bitcoin holdings to balance cash flow, emergency fund provision.

You are right, if someone can create multiple sources of income during this period, then it is possible to increase accumulation. But the problem is, we are not sure about the future. Everything does not always go according to plan.
In reality, many times it is seen that even if income increases, expenses also increase in the same way. Family responsibilities, lifestyle expenses, sudden needs, etc. make it difficult to invest as before. Again, such a situation may come, where even if we want, we cannot earn as before, such as physical problems or any other unexpected reason.
So in a long-term plan, not only the investment amount, but also maintaining consistency may be the most difficult. Investing according to the same rules for 10 years is challenging for many.
So at least for me, it seems that having a 1 BTC target is not bad, but it is more important to be flexible than assuming it is certain. The real thing is to be able to accumulate consistently as much as possible, in line with the real situation.

[Hardyrobust]

If you can accumulate more Bitcoins overtime during this period,  it may be possible to get a full Bitcoin. Your income will increase further in the next 10 years and you can accelerate this growth rate further if you can develop multiple sources of income by gaining skills. $200 per week will not be easy for a middle-income investor. After a year or more, if you can develop multiple sources of income or your salary increases, you can increase the speed of Bitcoin accumulation as well. Your extra effort in the process of earning can take you to a successful and good financial level and an attempt can be made to increase the holding by increasing Bitcoin accumulation.

However I think it is possible if you are persistent in your target and are mentally and financially prepared to do DCA regularly and buy lump sum of Bitcoin over this long period of 10 years. Various strategies for increasing personal income will definitely take you to a good financial level. Increasing Bitcoin holdings to balance cash flow, emergency fund provision.

Getting a whole BTC depends on how much you are actually using to DCA and also if it is being done consistently. Someone who is buying bitcoin with $10 even if they are doing it consistently they may end up not accumulating a whole BTC.
The thought of using this period to accumulate full bitcoin is something that isn't realistic and it is not a good idea to put oneself into unnecessary pressure because you are planning to get 1 BTC this period which I doubt is even possible.

[Qhunman]

Over time, we need to increase our investment budget, because as time goes by, the value of money decreases, and the value of our domestic fiat currency decreases. So we must also increase our discretionary income and increase the amount of Bitcoin we invest in weekly. If we are investing in Bitcoin for the long term, then we must increase our Bitcoin investment over time so that we can eventually buy one Bitcoin.

Yes, overtime fiat decreases in value due to inflation so we may not invest with the same amount of discretionary income every week or month after all necessary expenses has been met. It Isn't necessary we mustn't invest with a fix amount of discretionary income as your discretionary can be flexible because your bills last week or last month may be higher than other weeks or months. If what you have left after settling your bill for that week or month is $10, invest it and look for other additional jobs to increase the amount of your discretionary income.

[laspol65]

Getting a whole BTC depends on how much you are actually using to DCA and also if it is being done consistently. Someone who is buying bitcoin with $10 even if they are doing it consistently they may end up not accumulating a whole BTC.
The thought of using this period to accumulate full bitcoin is something that isn't realistic and it is not a good idea to put oneself into unnecessary pressure because you are planning to get 1 BTC this period which I doubt is even possible.

If you try to deposit 1 Bitcoin weekly with Bitcoin investment, then you must increase the investment amount. But you also have to keep in mind that if you observe DCA for five to ten years and deposit one Bitcoin for this period, then the price of Bitcoin will increase greatly later and you will also have to increase the investment amount. I think that the price of Bitcoin will be at least one million dollars ten years from now, according to this condition, you should increase the amount of Bitcoin investment, and the more the amount of discretionary income increases, the more Bitcoin you can collect.

[Taskford]

DCA helps you eliminate the pressure of having to invest large discretionary income into bitcoin at once by allowing you to buy with any amount from your discretionary income, over a long period of time, hence you must not buy 1BTC at once, but can invest even if it is $100 weekly consistently over a longer period of time and still stand a chance of meeting your target of same 1BTC, and the best part is that you don't feel the financial pressure you would've been through if you were to buy it all at once.

Like if you have a capital and you invest all that capital in Bitcoin in last October when Bitcoin price was at 120,000$ then your invested money will still be at loss but if you invest that capital through DCA strategy then you can have a reasonable average buying price.

You are thinking of short-term and it is not a good thought process for an investor, if such an investor had planned to hold for long, then they would be in a good position in the future if bitcoin continues doing well. if such an investor lump summed in October and followed up his investment journey with regular DCA and would not sell in a short-term, then he is still in a good practice since he is still adding to his stash and getting closer to his accumulation target.

The chances seem quite low that even a person investing $200 per week into bitcoin over the next 10 years would accumulate a whole BTC, $200 per week would be $10,400 over 1 year and $104k over 10 years. 

Even though it is possible, it is quite unlikely that the average cost per BTC would be $104k or less over the next 10 years.. so it seems pie in the sky even with $200 per week to expect to accumulate 1 bitcoin in the next 10 years.

Doing DCA is not about getting any guarantee to get exact 1 BTC towards the whole their long term journey, but this is rather about building up steadily their accumulated Bitcoin for long term investment. If it happens that Bitcoin will cross again at $104k or more bigger than that many people might not reach to get 1 whole Bitcoin, still they can get or owned great fractions which total accumulated volume on long term efforts they made.

People should not only focus getting 1 BTC and if they didn't hit that they think its a bust, but rather they focus to accumulate depends on their capabilities then let power of compounding works in their favor.

[liasbaa]

Over time, we need to increase our investment budget, because as time goes by, the value of money decreases, and the value of our domestic fiat currency decreases. So we must also increase our discretionary income and increase the amount of Bitcoin we invest in weekly. If we are investing in Bitcoin for the long term, then we must increase our Bitcoin investment over time so that we can eventually buy one Bitcoin.

Yes, overtime fiat decreases in value due to inflation so we may not invest with the same amount of discretionary income every week or month after all necessary expenses has been met. It Isn't necessary we mustn't invest with a fix amount of discretionary income as your discretionary can be flexible because your bills last week or last month may be higher than other weeks or months. If what you have left after settling your bill for that week or month is $10, invest it and look for other additional jobs to increase the amount of your discretionary income.

There is no mandatory amount to use the same amount of discretionary funds every week to accumulate Bitcoin. You can accumulate Bitcoin through any fund that you consider your ability. If you are aware of the fact that inflation reduces the value of your cash fund, you should buy Bitcoin without keeping cash funds available. Over time the value of Bitcoin has the potential to increase and it will continue to meet the expectations of investors if they can stay in the long term and reach the level of over accumulation stage.

Accumulation Bitcoin through discretionary income is better and also best decision making Bitcoin stash with lump sum if you have investable available funds. Such a funds that you can afford to lose.

[Abbatty]

Over time, we need to increase our investment budget, because as time goes by, the value of money decreases, and the value of our domestic fiat currency decreases. So we must also increase our discretionary income and increase the amount of Bitcoin we invest in weekly. If we are investing in Bitcoin for the long term, then we must increase our Bitcoin investment over time so that we can eventually buy one Bitcoin.

Yes, overtime fiat decreases in value due to inflation so we may not invest with the same amount of discretionary income every week or month after all necessary expenses has been met. It Isn't necessary we mustn't invest with a fix amount of discretionary income as your discretionary can be flexible because your bills last week or last month may be higher than other weeks or months. If what you have left after settling your bill for that week or month is $10, invest it and look for other additional jobs to increase the amount of your discretionary income.

There is no mandatory amount to use the same amount of discretionary funds every week to accumulate Bitcoin. You can accumulate Bitcoin through any fund that you consider your ability. If you are aware of the fact that inflation reduces the value of your cash fund, you should buy Bitcoin without keeping cash funds available. Over time the value of Bitcoin has the potential to increase and it will continue to meet the expectations of investors if they can stay in the long term and reach the level of over accumulation stage.

Accumulation Bitcoin through discretionary income is better and also best decision making Bitcoin stash with lump sum if you have investable available funds. Such a funds that you can afford to lose.

In as much as it is not mandatory to set a specific amount as your discretionary income but it will be very disciplined to set a specific amount because that constant variation might sometimes lead you to not having a discretionary income in some weeks. We know expenses can change every now and then but also investing in bitcoin should also be a priority, aft all you saving for the betterment of your future.

DCA Strategy have a lot of people who wouldn’t even think they would be Capable to own a bitcoin today archive their dreams, for me I consider it to be the best when it comes to accumulation of bitcoin.

[Sim_card]

In as much as it is not mandatory to set a specific amount as your discretionary income but it will be very disciplined to set a specific amount because that constant variation might sometimes lead you to not having a discretionary income in some weeks. We know expenses can change every now and then but also investing in bitcoin should also be a priority, aft all you saving for the betterment of your future.

Your monthly expenses and basic needs is your first priority and not investing because if you don't meet up with taking care of basic needs and monthly expenses, any bitcoin that you buy with the funds for your up keep will be sold at loss especially, if bitcoin price dips below your entry point.

This is why you don't need to keep a specific amount of money as your discretionary income if you haven't figured out your discretionary income for that month from your income. It's the leftover money from your income that will determine how much is your discretionary income and that's where you can buy bitcoin from for that week.

There's no need buying beyond your discretionary income if it's small because it means that you are gambling. Our monthly expenses varies from months to months and that will definitely affect our discretionary income. Therefore, you are to only invest with part of the leftover money (discretionary income) any week/month that you don't have any discretionary income, you don't need to invest but wait till when next you have a discretionary income and invest.

You don't need to be under pressure when investing in bitcoin which is why the DCA strategy is there to invest with as little as you can.

[PhilosopherKing]

If you are aware of the fact that inflation reduces the value of your cash fund, you should buy Bitcoin without keeping cash funds available.

Hello mate are you are you hearing yourself rn. If you don't careful you can blow up your bitcoin stash with this thinking. To be putting all your money into bitcoin is as dumb as fuck because you will be leaving yourself with nothing and that can make you to be vulnerable the time that emergency needs come.

Volatility is in bitcoin so it is a pointless to be buying bitcoin for long time without im the process creating emergency money with the cash fund available after you have removed discretionary income to investment.

For sake of your ongoing investment, trash off that thought of believing that having cash in your hand for emergency is a sign of stupidity and weakness.

[Supreme Donvic]

Using DCA strategy to accumulate Bitcoin is very good, it makes acculation very easy and I'm sure that everyone that are using it are using it and enjoying it a lot of people in this forum are also using it and I have not seen anyone complaining about the strategy.
DCA strategy those not inspire newbies to accumulate Bitcoin it's a strategy and what makes or inspire newbies to accumulate or invest in Bitcoin is because of the profit they can get if they invest in Bitcoin, some people that even started investing in Bitcoin did not know about this strategy it was when the started using or investing in Bitcoin and they came to this forum that they knew about the strategy and they started using it so this strategy does not inspire newbies to accumulate or invest in Bitcoin, it only makes accumulation easy after they most have started investing.

[ruykeri]

If you can accumulate more Bitcoins overtime during this period,  it may be possible to get a full Bitcoin. Your income will increase further in the next 10 years and you can accelerate this growth rate further if you can develop multiple sources of income by gaining skills. $200 per week will not be easy for a middle-income investor. After a year or more, if you can develop multiple sources of income or your salary increases, you can increase the speed of Bitcoin accumulation as well. Your extra effort in the process of earning can take you to a successful and good financial level and an attempt can be made to increase the holding by increasing Bitcoin accumulation.

However I think it is possible if you are persistent in your target and are mentally and financially prepared to do DCA regularly and buy lump sum of Bitcoin over this long period of 10 years. Various strategies for increasing personal income will definitely take you to a good financial level. Increasing Bitcoin holdings to balance cash flow, emergency fund provision.

In my opinion, it is not right to judge yourself with the whole bitcoin target. Accumulating the whole 1 BTC is not mandatory for everyone. Many people make a mistake here. As if nothing happens if there is not 1 bitcoin. This way of thinking is not helpful. Some can reach 1 bitcoin . Some 0.1 bitcoin. Some 0.01 btc. Some even less. The main thing is to invest for a long time. The target of holding bitcoin basically depends on the investor's lifestyle, his responsibilities and expenses. He will understand according to his position how much bitcoin he will create for himself over the accumulation stage. Therefore, it is not right to think like this that you have to create the whole 1 bitcoin. Your goal should be to accumulate enough bitcoin in a way that matches your own life situation. not fantasy.

[Bd officer]

In my opinion, it is not right to judge yourself with the whole bitcoin target. Accumulating the whole 1 BTC is not mandatory for everyone. Many people make a mistake here. As if nothing happens if there is not 1 bitcoin. This way of thinking is not helpful. Some can reach 1 bitcoin . Some 0.1 bitcoin. Some 0.01 btc. Some even less. The main thing is to invest for a long time. The target of holding bitcoin basically depends on the investor's lifestyle, his responsibilities and expenses. He will understand according to his position how much bitcoin he will create for himself over the accumulation stage. Therefore, it is not right to think like this that you have to create the whole 1 bitcoin. Your goal should be to accumulate enough bitcoin in a way that matches your own life situation. not fantasy.

Will it be possible for everyone to accumulate 1 Bitcoin? Of course not. But there are many who can afford to buy 1 Bitcoin or more per day. Personally, I think it will be difficult for me to accumulate 0.2 BTC in 10 years from discretionary income. But I do not plan to accumulate any specific amount and my plan is to hold for the long term and continue DCA regularly. However, I consider the DCA strategy a blessing, because 1 Bitcoin is worth $72k but I am getting the opportunity to accumulate Bitcoin gradually. However, I also think that our target should be long term rather than 1 BTC.

[Emjay24]

Over time, we need to increase our investment budget, because as time goes by, the value of money decreases, and the value of our domestic fiat currency decreases. So we must also increase our discretionary income and increase the amount of Bitcoin we invest in weekly. If we are investing in Bitcoin for the long term, then we must increase our Bitcoin investment over time so that we can eventually buy one Bitcoin.

You can only increase your discretionary income when you have an increased inflow, when you are able to cut down your expenses or when you receive money from a gift, bonus, e.t.c. You shouldn't tamper with money meant for your expenses in order to increase your discretionary income

You can decide to increase your buying amount at your discretion if you've already built out your emergency fund to at least 3 months worth of your expenses, then you can channel the money into increasing your aggressiveness in your regular buys.
You don't increase your investment amount just because you want to reach your target faster, instead you increase it because you managed your cashflow better and can do so within your means. We always have to be cautious of going beyond our discretionary income increasing our investment amount so that we don't end up becoming over aggressive in the process.

[Hardyrobust]

Getting a whole BTC depends on how much you are actually using to DCA and also if it is being done consistently. Someone who is buying bitcoin with $10 even if they are doing it consistently they may end up not accumulating a whole BTC.
The thought of using this period to accumulate full bitcoin is something that isn't realistic and it is not a good idea to put oneself into unnecessary pressure because you are planning to get 1 BTC this period which I doubt is even possible.

If you try to deposit 1 Bitcoin weekly with Bitcoin investment, then you must increase the investment amount. But you also have to keep in mind that if you observe DCA for five to ten years and deposit one Bitcoin for this period, then the price of Bitcoin will increase greatly later and you will also have to increase the investment amount. I think that the price of Bitcoin will be at least one million dollars ten years from now, according to this condition, you should increase the amount of Bitcoin investment, and the more the amount of discretionary income increases, the more Bitcoin you can collect.

I don't really get you , are sure you know what 1 BTC is or the worth of 1 BTC?. Infact I don't think if there is anyone that can be depositing 1 BTC on weekly basis, even if there is they are not much. There are people that may not even be able to have this amount of BTC for 10 years or more. So I think you are really confused by that statement to be depositing 1 BTC weekly.