Does the DCA strategy inspire newbies to invest?

[Hardyrobust]

Sure.  It is true that guys do not tend to need to build their emergency funds (back up funds) prior to getting started investing into bitcoin, and many times, guys already have some practice that is in place in which they already have some back up funds, so if they add the buying of bitcoin into their weekly habit, then even if they determine that their back up funds might not be enough, they likely can figure out ways (and proportions) so that they can build both their bitcoin holdings and the quantity of their back up funds at the same time and at least in a proportion that they consider to be reasonable for their own circumstances and likely the longer and longer that they are in bitcoin, whether 4-10 years or longer or some other timeline, they will likely increasingly perceive that there is value to both building their bitcoin holdings and also strengthening how they think about back up funds and how they manage such back up funds in order to support their bitcoin holdings and other aspects of their life that will also likely improve too, so long as they are being intentional with their bitcoin investment and cashflow management practices and process.

Like yeah, I totally agree with you idea of proportionately managing both the routine of investing as well as building up of  backup/emergency funds... There shouldn't really be any kind of trade-off since both your investment and backup funds are very important in their own different ways.. Guys who tend to prioritize only their emergency funds over their investments, then to place themselves in a rather difficult position in the faces of unexpected/emergency situations, and as such get forced to liquidate their holding at a probably unfavourable moment... And so in our long-term accumulation, balancing both your investment and investment safety(backup funds) is very important..

For any bitcoin investors to be able to hold bitcoin successful for a long time without tempering with it or selling before they plan to , there is need for them to setup a backup funds. So it is important to set up a backup funds along with there bitcoin investment as they are ongoing with there bitcoin accumulation. The focus alone shouldn't be on bitcoin accumulation rather they should also strive towards setting in place how to be able to hold this bitcoin in there portfolio successfully for a long time and this they can only achieve by setting up a backup funds.

[Showlove01]

Sure.  It is true that guys do not tend to need to build their emergency funds (back up funds) prior to getting started investing into bitcoin, and many times, guys already have some practice that is in place in which they already have some back up funds, so if they add the buying of bitcoin into their weekly habit, then even if they determine that their back up funds might not be enough, they likely can figure out ways (and proportions) so that they can build both their bitcoin holdings and the quantity of their back up funds at the same time and at least in a proportion that they consider to be reasonable for their own circumstances and likely the longer and longer that they are in bitcoin, whether 4-10 years or longer or some other timeline, they will likely increasingly perceive that there is value to both building their bitcoin holdings and also strengthening how they think about back up funds and how they manage such back up funds in order to support their bitcoin holdings and other aspects of their life that will also likely improve too, so long as they are being intentional with their bitcoin investment and cashflow management practices and process.

Like yeah, I totally agree with you idea of proportionately managing both the routine of investing as well as building up of  backup/emergency funds... There shouldn't really be any kind of trade-off since both your investment and backup funds are very important in their own different ways.. Guys who tend to prioritize only their emergency funds over their investments, then to place themselves in a rather difficult position in the faces of unexpected/emergency situations, and as such get forced to liquidate their holding at a probably unfavourable moment... And so in our long-term accumulation, balancing both your investment and investment safety(backup funds) is very important..

For any bitcoin investors to be able to hold bitcoin successful for a long time without tempering with it or selling before they plan to , there is need for them to setup a backup funds. So it is important to set up a backup funds along with there bitcoin investment as they are ongoing with there bitcoin accumulation. The focus alone shouldn't be on bitcoin accumulation rather they should also strive towards setting in place how to be able to hold this bitcoin in there portfolio successfully for a long time and this they can only achieve by setting up a backup funds.

Honestly speaking with you whether these two funds are in place or not it can not stop or should not stop an investor from investing or accumulating if the discretionary income is available. And for your information the back up funds is not strong or useful as emergency funds because as the name implies "emergency" that is how useful it is and it is used when something unexpected happens and as an investor you don't pray for such things to happen even though you will prepare for it and fortunately it doesn't happen all the time, sometimes you can hold as many years as possible without any serious emergency.

[Sim_card]

so you are not entirely correct on this, a newbie can start holding his first Bitcoin from a private wallet and not in centralized exchange.

No one is saying that you shouldn't store your long term bitcoin holdings in a self custody wallet but for a brand new investor who is a no coiner, he doesn't need to start learning about wallets when his discretionary income is available because that will delay him from getting start. You don't need anything that will delay you.

Wallet is the technical aspect of Bitcoin and a brand new investor might fight it difficult to understand it immediately, because it's not everyone that can catch up things fast. There's nothing wrong if the brand new investor starts buying Bitcoin from an exchange and keep the money there while, he continues to learn about which wallet will be his preferred one.

Don't forget that if you rush into using a wallet in the beginning, you might make the wrong choice because you don't know a noncustodial and open source wallet which will also put your bitcoin investment at risk. Just like some newbies who are using Trust Wallet and they will agree with you that it's a good Wallet.

Another reason of storing your bitcoin in an exchange in the beginning is to pile it up there till it reaches up to $500 and above before sending it to your self custody wallet to prevent you from paying high transaction fee in future if transaction fee becomes very high so that, you don't use almost all your profit to pay for transaction fee because of to many small small UTXO. It's good to have a good UTXO management as you are piling up your bitcoin for the future.

[Sticky Bomb]

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

In deed DCA is a good Idea but for a new beginner to be thinking about investment with out knowing what DCA means is a very bad idea because at it stands now it is not advisable to purchase or invest in Bitcoins presently because of its present price because it's is better to invest when ever the price of Bitcoins is lower at a particular price.

I doubt you know what DCA means yourself because you are advising that it is best to buy only when the price is low from the bolded statement. It is a wrong thing to do by investors still at the initial phase of their bitcoin investment journey. DCA is a beginner friendly strategy that allows the investor to buy consistently regardless of the price and the investor has the opportunity to buy when the price is high and as well as dips and as a result the effect of bitcoin price volatility is smoothened out on his investment.

DCA is more about accumulating bitcoin consistently and periodically over a longer period of time in order to build out a sizeable portfolio for yourself. It makes no sense to be targeting lower prices when you should be buying regularly to get ahead in your investment journey, consistency always beats timing the market and you should be aware that starting out your investment journey with timing the market is a trading practice and not that of a serious minded investor

[Merit.s]

Honestly speaking with you whether these two funds are in place or not it can not stop or should not stop an investor from investing or accumulating if the discretionary income is available. And for your information the back up funds is not strong or useful as emergency funds because as the name implies "emergency" that is how useful it is and it is used when something unexpected happens and as an investor you don't pray for such things to happen even though you will prepare for it and fortunately it doesn't happen all the time, sometimes you can hold as many years as possible without any serious emergency.

Who told you that backup funds is not as strong as an emergency funds. Emergency funds is part of backup funds. Backup funds consists of emergency funds, reserve funds and float. That alone has shown that backup funds is stronger than only emergency funds because if you have your reserve funds and you are being hit with real life emergency, you can start using from your reserve funds without tampering your emergency funds. It's if your reserve funds isn't enough to tackle the problem that you can start dipping hands into your emergency funds.

[Emjay24]

You don't even need to know about self custody wallets or even have access to one before you can start investing in bitcoin as a newbie, you will find that alot of bitcoin investors started holding with one exchange or the other before moving on the custodial wallets and today are still holding and accumulating more bitcoin, it's not a must that you must start with a self custodial wallets as a newbie before you can have any chance of success in bitcoin investment, what's most important for a newbie to know is that they need to invest with their discretionary income using a strategy that won't put too much pressure on them and the DCA is that strategy, common sense can help lead them through the rest.

Everyone must not start the same way and now is the era of information wjere everything is at your finger tips, so you are not entirely correct on this, a newbie can start holding his first Bitcoin from a private wallet and not in centralized exchange. There have been many reports of exchange collapse and scamming centralized platforms that people can easily learn from to be safe. Besides, some newbies joined Bitcoin through recommendation of friends so they will definitely start very well and with the right information.

I don't want to believe that you are omg those who think that self custody is something reserved for only experienced investors,  even beginners can imbibe that habit and they will hardly experience scam or loss of funds which is a big motivation for them.

A beginner must not know all these before starting out, it's not a priority. This can be learned as he keeps buying and holding. The most important thing is to get started, even if he starts holding on an exchange. As times goes on he continues learning and patronizing better knowledge and of course starts appreciating self-custody, he would know the best non-custodial wallet to use for self preservation of his coins and then he would transfer it from the exchange to the correct non-custodial wallet. Sending coins to the wallet Everytime he buys might even be very expensive for the newbie if the fees are high and can be discouraging, so it's even better he holds on the exchange for a while and learns how to consolidate his coins there for a while before sending to his wallet to minimize fees.

Stop placing so much requirement on the new investor, he only needs to start as long as he has discretionary income and knows how to buy, he can learn more as he advances in his accumulation journey, he has time to learn that, learning is a gradual process and as he remains committed to his investment journey, he would learn other good practices as regarding safeguarding his sats as he progresses.

[Proty]

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

In deed DCA is a good Idea but for a new beginner to be thinking about investment with out knowing what DCA means is a very bad idea because at it stands now it is not advisable to purchase or invest in Bitcoins presently because of its present price because it's is better to invest when ever the price of Bitcoins is lower at a particular price.

buying bitcoin when the price is low is not DCA strategy but rather it is buying the dip. The DCA strategy, an investor can buy bitcoin at any price without waiting for the price to be low . The moment you start waiting for the price to get low before you start buying them it is no longer DCA strategy but buying the dip. Therefore, it is obvious you don't understand what DCA strategy is from your explanation.