Does the DCA strategy inspire newbies to invest?

[abaeze]

I find investors using the DCA strategy invest for the long term.
Special Considerations Should Beginners Follow the DCA Method for Bitcoin Investments? What Can Be the Outcome -Future

DCA is the most popular strategy among investment strategies. All types of people can invest in DCA strategy, DCA brings equal benefits to low-income people and high-income people. Even, DCA strategy plays the most role in staying active with Bitcoin regularly. DCA is the only strategy to prevent wasting time and avoid additional research. Since DCA strategy does not require much knowledge to start investing, beginners should follow DCA strategy in investment.

I am kinda surprise and at same time amazed how newbie like you got to know all these about the DCA method of investing in Bitcoin

Of course some newbies must have learnt a lot off forum probably from this online tutorial, that is why newbies should not be underestimated here because some already had the necessary informations about bitcoin investment so their coming here is to Widen their knowledge.

I got confused when you said "DCA strategy plays a role in staying active with Bitcoin regularly" I don't really understand that but the DCA is not only what makes an investor stay active but rather their choice and decision and also their discretionary income.

Some folks seems to be overrating the DCA method, what he was actually trying to say is that the DCA method enable us to buy regularly he didn't arrange it properly. And of course the DCA can't make investors to stay active in their bitcoin accumulation, as am investor what you need to stay active in your accumulation journey is your discretionary income, emergency funds and you also need discipline to be able to overcome some temptations/ challenges that might come your way during the process of accumulating bitcoin.

People forget that among many investment strategies, Dollar Cost Averaging is a strategy that does not have the power to increase or decrease the investor's investment by itself, but rather it teaches investors discipline and patience. In fact, the DCA strategy is often presented as if it is the key to successful Bitcoin collection, but in reality it is much broader. However, this does not mean that I look down on this strategy, but rather I actually see it as a strategy that is similar to many accumulation strategies. Therefore, DCA alone is not enough to be active in Bitcoin collection in the long term. DCA is basically a purchasing method that is not a substitute for mental strength or financial capacity. And its real job is to make it easy to invest at a certain time without worrying too much about market fluctuations, that's all it does. So there is nothing to show so much emotion about DCA. In fact, the point is to increase your financial capacity and try your best to increase your discretionary income.

[Cossyblack]

I am kinda surprise and at same time amazed how newbie like you got to know all these about the DCA method of investing in Bitcoin but to make one thing clear here, DCA method is not the only method of Bitcoin accumulation that doesn't require much knowledge to kick start but rather in Bitcoin investment generally, one don't need too much knowledge or one don't need to know everything before they start their Bitcoin investment. I got confused when you said "DCA strategy plays a role in staying active with Bitcoin regularly" I don't really understand that but the DCA is not only what makes an investor stay active but rather their choice and decision and also their discretionary income.

You don't  need basic knowledge to kickstart your bitcoin investment because that will waste your time from accumulating bitcoin when you should. Learning is a process so you  cannot procrastinate investing in bitcoin until you have basic knowledge instead of wasting time, you can invest and learn Stimutatoulsly. It is not right for you to delay investing in bitcoin cos of basic knowledge, you don't need to know everything to invest in bitcoin rather if you have your discretionary fund available you only need apply commons sense to invest,as you invest you can be learning. This way you wouldn't delay starting your bitcoin investment due to your lack of basic knowledge.

[Jody.Drummer]

If that’s really the case where our income is still low then it’s hard to optimize our budget. I’ve been there myself, where I’ve already optimized my expenses to match my income, but it’s still a tough situation. The solution is to find another source of income even though it might seem difficult, that’s the only option.
I agree with you that shifting from saving to earning more money is necessary when cash flow is unstable, because it’s pointless if our income isn’t enough to meet our needs let alone save since even meeting those needs is already difficult.

I know income is very important in Bitcoin investment, but we need to be honest and ask ourselves a question. If eventually one's income increases, won't the needs still increase? Or the needs still remain the same? and one can comfortably invest in Bitcoin. But as the income increases and the needs increase, there is still the possibility that one may not end up investing in Bitcoin because you will still complain about your needs depriving you of investing in Bitcoin.

Most times, I feel it is not enough income that is depriving people of investing in Bitcoin; it is because they need to meet their needs, which is the most important thing. Funny enough, you don't need a lot of money to invest in Bitcoin; you don't need to invest much, but if you can afford to invest a little amount consistently, you have done enough for yourself. Having needs is not a reason not to invest in Bitcoin; even with needs, one can still plan to invest in Bitcoin.

Well it's true what you say, when income increases, sometimes needs also increase too, this is like a law of nature that does happen a lot, and in my opinion only a few people can survive with the same needs even though their income increases. And with what you say there is still a possibility not to invest in bitcoin because it is hindered by its increasing needs, the conclusion that can be drawn is that if you really intend to invest in bitcon then from the beginning with income that has not increased it might be possible to try even with a very small amount. Yes, there is no other strategy that can be used than DCA, because this can be done consistently and is indeed better that way.

[Charcol]

If that’s really the case where our income is still low then it’s hard to optimize our budget. I’ve been there myself, where I’ve already optimized my expenses to match my income, but it’s still a tough situation. The solution is to find another source of income even though it might seem difficult, that’s the only option.
I agree with you that shifting from saving to earning more money is necessary when cash flow is unstable, because it’s pointless if our income isn’t enough to meet our needs let alone save since even meeting those needs is already difficult.

I know income is very important in Bitcoin investment, but we need to be honest and ask ourselves a question. If eventually one's income increases, won't the needs still increase? Or the needs still remain the same? and one can comfortably invest in Bitcoin. But as the income increases and the needs increase, there is still the possibility that one may not end up investing in Bitcoin because you will still complain about your needs depriving you of investing in Bitcoin.

Most times, I feel it is not enough income that is depriving people of investing in Bitcoin; it is because they need to meet their needs, which is the most important thing. Funny enough, you don't need a lot of money to invest in Bitcoin; you don't need to invest much, but if you can afford to invest a little amount consistently, you have done enough for yourself. Having needs is not a reason not to invest in Bitcoin; even with needs, one can still plan to invest in Bitcoin.

Well it's true what you say, when income increases, sometimes needs also increase too, this is like a law of nature that does happen a lot, and in my opinion only a few people can survive with the same needs even though their income increases. And with what you say there is still a possibility not to invest in bitcoin because it is hindered by its increasing needs, the conclusion that can be drawn is that if you really intend to invest in bitcon then from the beginning with income that has not increased it might be possible to try even with a very small amount. Yes, there is no other strategy that can be used than DCA, because this can be done consistently and is indeed better that way.

I agree with you that as income increases, many people's expenses also increase. Also, it is a good idea to start small with a small discretionary income rather than waiting for income to increase. Because many people postpone it with the excuse of "I will start when my income increases". But later, when income increases, its expenses also increase. This delays starting again.

However, I want to say something about the part of your statement that I have bolded, because you are probably wrong. Yes, I believe DCA is a good strategy. Especially those who have a small amount of discretionary income coming in from regular or irregular cashflow, they can follow the DCA method consistently. This reduces the pressure of timing the market perfectly. But I want to tell you that DCA is not the only strategy. If someone already has a large amount of discretionary income or additional investable money, then they can buy lump sum, partial lump sum, DCA, dip buying or regular purchases with occasional additional purchases. It actually depends on that person's personal cash flow, emergency fund, risk tolerance and mental peace. Therefore, it can be said that although DCA is a good strategy, it is not the only strategy but one can also follow other strategies by understanding their own financial position.

[Olatundespo]

You don't  need basic knowledge to kickstart your bitcoin investment because that will waste your time from accumulating bitcoin when you should. Learning is a process so you  cannot procrastinate investing in bitcoin until you have basic knowledge instead of wasting time, you can invest and learn Stimutatoulsly. It is not right for you to delay investing in bitcoin cos of basic knowledge, you don't need to know everything to invest in bitcoin rather if you have your discretionary fund available you only need apply commons sense to invest,as you invest you can be learning. This way you wouldn't delay starting your bitcoin investment due to your lack of basic knowledge.

I disagree with you. Basic knowledge is required to start investing in Bitcoin. I am against those who waste time acquiring additional skills about investing. Those who waste time acquiring technical knowledge about Bitcoin end up regretting their actions later. Learning is a process but you don't need to be very knowledgeable or have any formal knowledge to learn how to accumulate Bitcoin.
If you can understand what the basic knowledge is to start investing in Bitcoin, you can start accumulation Bitcoin with immediate decisions. Discretionary income (that income can be of any size) Installing a non-custodial wallet and buying Bitcoin with that funds. It is important for you to know about these few things. You will learn more about the things you need to know during the long term Bitcoin accumulation period.

[ZeroVinsonN]

If you don't have discretionary income at the initial stage of your investment then what are you exactly investing with? As long as you don't need to to pay for your essentials it is your discretionary income and that's what you invest with, that's also what you use to set up your backup funds in which your emergency is one of them, you discretionary spendings where you treat yourself to certain pleasures that aren't exactly necessary or can be considered extravagant comes from your discretionary income.

If you have to invest in Bitcoin, then it is much better for you to follow the DCA method. Because the investor must have a discretionary income, each person may earn less or more. So if you properly meet the basic needs of the family and invest the rest in Bitcoin, then this task is certainly much easier for you. Many people spend money excessively, such as watching movies, smoking, drinking, and eating nuts at the park.
All these things make people spend their money carelessly. If each person uses this money properly and invests this money in Bitcoin, then at the end of the year he will still have an income of several thousand dollars. So if you keep Bitcoin investment like this for the future 10 to 12 years, then that person will definitely be able to grow his Bitcoin investment.

Actually throwing all of your discretionary income isn't as realistic as it might seem, even for veteran investors they still know that they have other things that they might want to spend their discretionary income on, for newbies even more so, they are new so putting everything into bitcoin investment would be very difficult, they are still learning to trust bitcoin which means they will most likely not be willing to trust bitcoin with all of their discretionary income, plus there is the need to set up their backup funds and if they are investing everything they won't have any for their backup funds, I personally won't advise anyone to invest all of their discretionary income when accumulating bitcoin.

[Publictalk792]

Actually throwing all of your discretionary income isn't as realistic as it might seem, even for veteran investors they still know that they have other things that they might want to spend their discretionary income on, for newbies even more so, they are new so putting everything into bitcoin investment would be very difficult, they are still learning to trust bitcoin which means they will most likely not be willing to trust bitcoin with all of their discretionary income, plus there is the need to set up their backup funds and if they are investing everything they won't have any for their backup funds, I personally won't advise anyone to invest all of their discretionary income when accumulating bitcoin.

This is important because everything financial is based on your mental tranquility, and if you invest every penny that you save and it is volatile asset, then fluctuations in price will be major stressor every day. Finding trust in technology requires time for new users.
Middle of the road approach always beats out blind aggressiveness in my opinion. Great investor should always have liquid emergency fund available with at least 3-6 months of living expenses before investing in Bitcoin. After creating that safety cushion, it is time to automate portion of additional income with consistent DCA strategy. This way, you can live life in comfort, have some protection from unexpected, and also can reasonably hold onto Bitcoin in long term without worrying about your finances.

[ejikeme24]

You don't  need basic knowledge to kickstart your bitcoin investment because that will waste your time from accumulating bitcoin when you should. Learning is a process so you  cannot procrastinate investing in bitcoin until you have basic knowledge instead of wasting time, you can invest and learn Stimutatoulsly. It is not right for you to delay investing in bitcoin cos of basic knowledge, you don't need to know everything to invest in bitcoin rather if you have your discretionary fund available you only need apply commons sense to invest,as you invest you can be learning. This way you wouldn't delay starting your bitcoin investment due to your lack of basic knowledge.

You must be very much mistaken for saying that guys don't need basic knowledge to kick-start, we are not talking about the whole knowledge about bitcoin investment it's about basic knowledge. It seems that you're talking about getting the whole knowledge about bitcoin, if that's the case then I think you're right because there's no way we can know everything about bitcoin investment unless we get started yet we need basic knowledge to get started because it is almost impossible for one to start his or her bitcoin investment without some level of knowledge which can be seen as the basic knowledge, then on the process of accumulating bitcoin that's how they will be learning new things.

[Futurexxx]

, I personally won't advise anyone to invest all of their discretionary income when accumulating bitcoin.

Investing all your discretionary income into Bitcoin when you are newbie investor is wrong, because by then, you have not put down a sizable back up funds to safeguard your Bitcoin investment from any real life emergencies that may have compel you to temper with your investment.

And even though you are a veteran investor, it's still unwise to invest all of your discretionary income because at a point in time, you may need to gift a friend, a waiter or buy any simple things for consumption, so investing all of your discretionary income will be problematic to your Bitcoin investment, since it wouldn't give you that freedom of living a normal life.

[cocadalcan]

, I personally won't advise anyone to invest all of their discretionary income when accumulating bitcoin.

Investing all your discretionary income into Bitcoin when you are newbie investor is wrong, because by then, you have not put down a sizable back up funds to safeguard your Bitcoin investment from any real life emergencies that may have compel you to temper with your investment.

And even though you are a veteran investor, it's still unwise to invest all of your discretionary income because at a point in time, you may need to gift a friend, a waiter or buy any simple things for consumption, so investing all of your discretionary income will be problematic to your Bitcoin investment, since it wouldn't give you that freedom of living a normal life.

You are right that you should not use your entire discretionary income to accumulate Bitcoin unless you have an emergency fund. The size of the emergency fund should be enough to cover 3 months of household/personal expenses. It is important to have discretionary income to maintain a consistent pace of long term Bitcoin accumulation. An experienced investor told me about the importance of an emergency fund - just as important as accumulation Bitcoin is, you should give the same importance to your emergency fund because it is a long term investment effort. Gradually you will continue to increase Bitcoin holdings and its value will increase and preparing for emergencies is a positive way to keep your Bitcoin portfolio intact.

[Different patterns]

I am kinda surprise and at same time amazed how newbie like you got to know all these about the DCA method of investing in Bitcoin but to make one thing clear here, DCA method is not the only method of Bitcoin accumulation that doesn't require much knowledge to kick start but rather in Bitcoin investment generally, one don't need too much knowledge or one don't need to know everything before they start their Bitcoin investment. I got confused when you said "DCA strategy plays a role in staying active with Bitcoin regularly" I don't really understand that but the DCA is not only what makes an investor stay active but rather their choice and decision and also their discretionary income.

You don't  need basic knowledge to kickstart your bitcoin investment because that will waste your time from accumulating bitcoin when you should. Learning is a process so you  cannot procrastinate investing in bitcoin until you have basic knowledge instead of wasting time, you can invest and learn Stimutatoulsly. It is not right for you to delay investing in bitcoin cos of basic knowledge, you don't need to know everything to invest in bitcoin rather if you have your discretionary fund available you only need apply commons sense to invest,as you invest you can be learning. This way you wouldn't delay starting your bitcoin investment due to your lack of basic knowledge.

Yes I also agree that learning everything should not become excuses for procrastination, because waiting till you know everything before investing in bitcoin may cause someone to delay getting started for long because learning in bitcoin never stop, as you constantly accumulate you are learning more it never ends.
At same time, having at least basic understanding is still necessary so that beginners can avoid common common mistakes like investing funds meant to for expenses, panic selling, falling for scams or even expecting guaranteed profits, all these things need to be understood. A person can start small with discretionary income while still learning gradually along the way.

So I think the best approach is to invest responsibly and learning at same time. Because you don’t really need to become expert expert before starting investing in bitcoin may cause, but what matter is to understand the fundamentals enough to manage the risk and make reasonable decision.

[Halifat]

I am kinda surprise and at same time amazed how newbie like you got to know all these about the DCA method of investing in Bitcoin but to make one thing clear here, DCA method is not the only method of Bitcoin accumulation that doesn't require much knowledge to kick start but rather in Bitcoin investment generally, one don't need too much knowledge or one don't need to know everything before they start their Bitcoin investment. I got confused when you said "DCA strategy plays a role in staying active with Bitcoin regularly" I don't really understand that but the DCA is not only what makes an investor stay active but rather their choice and decision and also their discretionary income.

You don't  need basic knowledge to kickstart your bitcoin investment because that will waste your time from accumulating bitcoin when you should. Learning is a process so you  cannot procrastinate investing in bitcoin until you have basic knowledge instead of wasting time, you can invest and learn Stimutatoulsly. It is not right for you to delay investing in bitcoin cos of basic knowledge, you don't need to know everything to invest in bitcoin rather if you have your discretionary fund available you only need apply commons sense to invest,as you invest you can be learning. This way you wouldn't delay starting your bitcoin investment due to your lack of basic knowledge.

I actually agree with what you have said because bitcoin is not like any other coins that you will go and make research for because already it has make a good name and no any other coins can be compared to Bitcoin. Waiting to get basically knowledge before investing, definitely I'll say you are on a wrong part because if you can use that particular period to invest the sky will be your limit. To invest by using the DCA strategy i think before you know you have accumulate more, I'm not disputing the fact that you want to seek for knowledge but start investing and at that particular period be also learning I think you will have achieved more.

By going with this strategies of mine, honestly you will have more bitcoin and also more knowledge of it, i want to also enlight you that never ever procrastinate when it comes to bitcoin investment because that is how you lose your chances of getting more Bitcoin, it sounds somehow but at the end the entire story within positively. I always encourage people to invest in Bitcoin even without knowledge because I believe they will never lose, i also inform them to invest what they can afford to lose so that after investment there will be looking at their money when the Bitcoin is going down, this. A lot of investment panic not because of anything but because they have not invest what they can afford to lose and which is a very wrong decision.

[Bigjoe33]

People forget that among many investment strategies, Dollar Cost Averaging is a strategy that does not have the power to increase or decrease the investor's investment by itself, but rather it teaches investors discipline and patience. In fact, the DCA strategy is often presented as if it is the key to successful Bitcoin collection, but in reality it is much broader. However, this does not mean that I look down on this strategy, but rather I actually see it as a strategy that is similar to many accumulation strategies. Therefore, DCA alone is not enough to be active in Bitcoin collection in the long term. DCA is basically a purchasing method that is not a substitute for mental strength or financial capacity. And its real job is to make it easy to invest at a certain time without worrying too much about market fluctuations, that's all it does. So there is nothing to show so much emotion about DCA. In fact, the point is to increase your financial capacity and try your best to increase your discretionary income.

At a point, I was confused. Seems like you were speaking against the DCA strategy of investing in Bitcoin. Then somehow, it also seems you are in a goof view of the strategy. Perhaps, to avoid getting people confused of what your point really is about the DCA and/or Bitcoin investment using the DCA generally, you just speak in plain terms which is more clearer.

If you ask me, Its a continuous good points and highlights for the DCA strategy, because where other investment strategies fails, the DCA strategy stands out and still allows investors to easily accumulating Bitcoin. When there is low income and/or low discretionary, or you can't buy a lump sum, or even the Dip since you don't know when it will happen, you can actually use the DCA at all time, provided you have a Discretionary income at hand or ready for your accumulation

[avp2306]

, I personally won't advise anyone to invest all of their discretionary income when accumulating bitcoin.

Investing all your discretionary income into Bitcoin when you are newbie investor is wrong, because by then, you have not put down a sizable back up funds to safeguard your Bitcoin investment from any real life emergencies that may have compel you to temper with your investment.

And even though you are a veteran investor, it's still unwise to invest all of your discretionary income because at a point in time, you may need to gift a friend, a waiter or buy any simple things for consumption, so investing all of your discretionary income will be problematic to your Bitcoin investment, since it wouldn't give you that freedom of living a normal life.

It doesn't mean that they have discretionary income they can put it all on their Bitcoin investment, since this can backfire at them and will not give them good result.

The best move to do is to balance everything like they should set aside some funds for their emergency funds and have small percentage to use for his other needs in life, then what percentage left can be used for their investment.

With this they could able to protect themselves and have funds to spend to enjoy, while they can able to work out their investment for long term.

[Ishicryptic]

You don't  need basic knowledge to kickstart your bitcoin investment because that will waste your time from accumulating bitcoin when you should. Learning is a process so you  cannot procrastinate investing in bitcoin until you have basic knowledge instead of wasting time, you can invest and learn Stimutatoulsly. It is not right for you to delay investing in bitcoin cos of basic knowledge, you don't need to know everything to invest in bitcoin rather if you have your discretionary fund available you only need apply commons sense to invest,as you invest you can be learning. This way you wouldn't delay starting your bitcoin investment due to your lack of basic knowledge.

You must be very much mistaken for saying that guys don't need basic knowledge to kick-start, we are not talking about the whole knowledge about bitcoin investment it's about basic knowledge. It seems that you're talking about getting the whole knowledge about bitcoin, if that's the case then I think you're right because there's no way we can know everything about bitcoin investment unless we get started yet we need basic knowledge to get started because it is almost impossible for one to start his or her bitcoin investment without some level of knowledge which can be seen as the basic knowledge, then on the process of accumulating bitcoin that's how they will be learning new things.

Knowledge about Bitcoin investment is necessary as a beginner so that you won't make avoidable mistakes but it doesn't mean that you must know everything before starting, only the basics are most necessary. If you understand how to download a Bitcoin wallet, understand how to protect your seed phrase and where to buy from then you're good to start, to stain buying you need discretionary funds. Bitcoin knowledge is very deep from it's volatile market to it's network, their complete knowledge is not what can be learnt over a short period of time, I believe that a lot of Bitcoin investors are not vast in Bitcoin knowledge yet they are holding successfully.

[The Founding Titan]

You cannot be "investing" in bitcoin if you don't have discretionary funds.  If you are buying bitcoin with money that you need for your expenses, then you are gambling with money that you need for your expenses, so how could that be considered investing?  With investing, you should expect to be using money that you can afford to lose, and also likely with a timeline that is 4-10 years or more into the future... but if you try to use non-discretionary funds then how is that going to work?

Discretionary income plays an important role for every serious investor in bitcoin, when you invest with money you can  leave unchurched for a 4 to 5 years or more than, you actually give yourself enough time to benefit from bitcoin long run without panicking over short term price. Moreover, most successful bitcoin investors, they understand that investing is not about get quick profit or getting rich quickly. but they believe consistent accumulation over time with patience, proper financial planning, by using discretionary funds allows investors to follow strategies comfortable without stress.

discretionary income plays an important for every kind of investors, if they are not investors then don't even tag them as unserious investors because they are not even investors to begin with, to be able to invest and leave it untouched for that many years you will have to invest with money you can afford to lose, money you don't need to settle your life's needs and that's what your discretionary income is, the fact that you are going to leave it untouched for years already shows it's not a get rich quick scheme but this isn't just a 2 or 3 years wait, even a cycle won't be enough that why you will see alot of talks about holding for more than 2 cycles, not just over 2 cycles, more than it, meaning that you are already running into holding for around 3 cycles and more and investing it in bitcoin is the reason why you leave all that money there untouched, if you were just regular saving you won't be able to hold for that long because inflation alone would already make your saving counterproductive making bitcoin the best place to keep it.

[sotelorene]

, I personally won't advise anyone to invest all of their discretionary income when accumulating bitcoin.

Investing all your discretionary income into Bitcoin when you are newbie investor is wrong, because by then, you have not put down a sizable back up funds to safeguard your Bitcoin investment from any real life emergencies that may have compel you to temper with your investment.

And even though you are a veteran investor, it's still unwise to invest all of your discretionary income because at a point in time, you may need to gift a friend, a waiter or buy any simple things for consumption, so investing all of your discretionary income will be problematic to your Bitcoin investment, since it wouldn't give you that freedom of living a normal life.

You are right that you should not use your entire discretionary income to accumulate Bitcoin unless you have an emergency fund. The size of the emergency fund should be enough to cover 3 months of household/personal expenses. It is important to have discretionary income to maintain a consistent pace of long term Bitcoin accumulation. An experienced investor told me about the importance of an emergency fund - just as important as accumulation Bitcoin is, you should give the same importance to your emergency fund because it is a long term investment effort. Gradually you will continue to increase Bitcoin holdings and its value will increase and preparing for emergencies is a positive way to keep your Bitcoin portfolio intact.

You don't have any problem if you decide to go all in with your discretionary income since it is something you can afford to lose and it is a funds you will still use to accumulate so it doesn't really matter but going outside your discrestionary income to accumulate is where the problem comes in because it is not advisable to do that. You are talking about using emergency funds to cover for household and expenses, actually that is not really the work of emergency funds before your emergency funds is gotten all expenses and household stuffs must have been taken care of so it means you have not really gotten the concept well.

[Shineup]

People forget that among many investment strategies, Dollar Cost Averaging is a strategy that does not have the power to increase or decrease the investor's investment by itself, but rather it teaches investors discipline and patience. In fact, the DCA strategy is often presented as if it is the key to successful Bitcoin collection, but in reality it is much broader. However, this does not mean that I look down on this strategy, but rather I actually see it as a strategy that is similar to many accumulation strategies. Therefore, DCA alone is not enough to be active in Bitcoin collection in the long term. DCA is basically a purchasing method that is not a substitute for mental strength or financial capacity. And its real job is to make it easy to invest at a certain time without worrying too much about market fluctuations, that's all it does. So there is nothing to show so much emotion about DCA. In fact, the point is to increase your financial capacity and try your best to increase your discretionary income.

At a point, I was confused. Seems like you were speaking against the DCA strategy of investing in Bitcoin. Then somehow, it also seems you are in a goof view of the strategy. Perhaps, to avoid getting people confused of what your point really is about the DCA and/or Bitcoin investment using the DCA generally, you just speak in plain terms which is more clearer.

If you ask me, Its a continuous good points and highlights for the DCA strategy, because where other investment strategies fails, the DCA strategy stands out and still allows investors to easily accumulating Bitcoin. When there is low income and/or low discretionary, or you can't buy a lump sum, or even the Dip since you don't know when it will happen, you can actually use the DCA at all time, provided you have a Discretionary income at hand or ready for your accumulation

Another thing that got me confused from his first statement is when he said that the dollar cost averaging is a strategy that doesn't have the power to increase investors investment by itself which can be misleading, a consistent and and a continuous using of dollar cost averaging increases an investors investment over time all by itself, at this point I also think he doesn't really understand what the dollar cost averaging is all about and the roles it plays when the investors little by little investment is put together, there is so much excited facts about the dollar cost averaging of which he failed to recognized.

[Zanab247]

, I personally won't advise anyone to invest all of their discretionary income when accumulating bitcoin.

Investing all your discretionary income into Bitcoin when you are newbie investor is wrong, because by then, you have not put down a sizable back up funds to safeguard your Bitcoin investment from any real life emergencies that may have compel you to temper with your investment.

And even though you are a veteran investor, it's still unwise to invest all of your discretionary income because at a point in time, you may need to gift a friend, a waiter or buy any simple things for consumption, so investing all of your discretionary income will be problematic to your Bitcoin investment, since it wouldn't give you that freedom of living a normal life.

Some investors that understand BTC investment very well, they will not try to invest what they cannot afford to lose in BTC, because they know that BTC investment is different from other investment in real life. But when you invest what you can afford to lose in BTC that is when you will begin to see some boldness in you to hodl until you confirm that if you release your BTC you are going to earn massive profits from the market.

Never you invest all your money in BTC, because BTC movement will make you understand that this is a decentralized asset that is not control by the government or presidents in the world. But the movement of BTC depends on buyers and sellers in the general market, which is the reason people prefer to store their money on decentralized asset.

[Jostern]

I am kinda surprise and at same time amazed how newbie like you got to know all these about the DCA method of investing in Bitcoin but to make one thing clear here, DCA method is not the only method of Bitcoin accumulation that doesn't require much knowledge to kick start but rather in Bitcoin investment generally, one don't need too much knowledge or one don't need to know everything before they start their Bitcoin investment. I got confused when you said "DCA strategy plays a role in staying active with Bitcoin regularly" I don't really understand that but the DCA is not only what makes an investor stay active but rather their choice and decision and also their discretionary income.

You don't  need basic knowledge to kickstart your bitcoin investment because that will waste your time from accumulating bitcoin when you should. Learning is a process so you  cannot procrastinate investing in bitcoin until you have basic knowledge instead of wasting time, you can invest and learn Stimutatoulsly. It is not right for you to delay investing in bitcoin cos of basic knowledge, you don't need to know everything to invest in bitcoin rather if you have your discretionary fund available you only need apply commons sense to invest,as you invest you can be learning. This way you wouldn't delay starting your bitcoin investment due to your lack of basic knowledge.

I think you’re absolutely wrong, you need basic knowledge to start investing in bitcoin, basic knowledge doesn’t mean that you’re learning everything about bitcoin immediately before you get started with investing in bitcoin, like for example you should understand that what you require to get started with investing in bitcoin is a discretionary amount, and it’s only when you have basic knowledge that you will obviously understand this things, basic knowledge are more like knowing about how to buy bitcoin, and also how to safeguard your bitcoin portfolio, all are under basic knowledge, so you need basic knowledge before you start buying bitcoin, because if you don’t have basic knowledge I don’t think you will understand how to invest in bitcoin immediately as you have a discretionary income as a beginner.