Does the DCA strategy inspire newbies to invest?

[Mr_Brilliant$]

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.

Backup or emergency funds is needed for sure, because it kind of give an edge of security to your Bitcoin stack… Most people end up touching their Bitcoin not because they want to, but because life just happens unexpectedly…

As long as setting up that emergency fund will not completely disrupt or delay the beginning of your accumulation, then I think it is a smart move to balance both together…

[NewRevelation]

Contrary to your assertion, dollar cost averaging is a superior practice to buying on dips, especially for beginners.  Beginners are starting with absolutely no bitcoin, so they tend to be better to both get the fuck started as soon as possible and to continue to buy at whatever the price for 4-10 years or longer.. and then maybe after they get through their beginner stage they might start to consider dips rather than ongoing, persistent, consistent, regular and perhaps even aggressive buying of bitcoin.

Dip buying as a plan or a practice is inferior because it both encourages waiting for dips that might not happen.. and really if a person is an investor, then they likely would develop a timeline for 4-10 years or longer, so it can take many years to really build up a bitcoin holding, so why start out fucking around, unserious and waiting for dips that might not happen?

Yea, Waiting for the DIp has not always been the best for Bitcoin accumulation, especially for newbies since they might not begin immediately.

Come to think of it, someone who starts something new should go for the simplest and something easy to operate and handle so that one can grow understanding gradually and peacefully while still continuing his investment.

And the DCA strategy has proven the best and simplest investment practices to grow your investment.

[The Founding Titan]

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.

Don't go misquoting what I said, I did not say a newbie can't start accumulating bitcoin using self custody wallets, what I meant was that it was not a must for a person to have a self custody wallet before they can start accumulating bitcoin, if you already have access to one and you want to start accumulating bitcoin then you would be wrong to not make use of it but if you don't have one and maybe in the off chance that you don't know about them then you can start start accumulating bitcoin, it will make sense to switch to a self custody wallet as quickly as possible but it's not in a place where it you don't have or know about it then you can't invest in bitcoin.
If you are starting with it then that's perfect, if you don't know about them then that shouldn't be your excuse for not starting to accumulate bitcoin yet because you don't know which wallet to use for holding, start with what you have and move your bitcoin once you have the right wallet.

[Tongley]

Yes, it is true that the DCA method can help many new investors begin investing, without the pressure to identify the 'best' entry point. Investors are sometimes caught "waiting for their turn" to buy low and miss out on good opportunities. DCA helps promote consistency as people can purchase bitcoins at regular intervals that they can afford. It also contributes to decreasing the emotional decision making that is provoked by short-term price changes. Although DCA is among the easiest and most effective strategies for long term investors. It is important to know the basics of Bitcoin and risk management before you begin.

We need common sense to start investing. Common sense may not say that there are many things that need to be learned to start investing, except for knowing the content, whether the guys have discretionary funds or whether they have been able to find discretionary income through proper financial management. This determines whether a person can start investing and after starting investing, they can acquire all the other knowledge, and take the necessary steps to protect their holdings.

It is certainly good to have the desire to acquire knowledge and it is good to acquire knowledge, but if a guy waits to acquire knowledge before they start investing, it is not the right decision at all. Knowledge can be acquired along with investment. It is better if the two are done at the same time in a balanced manner.

[ZeroVinsonN]

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.

Contrary to your assertion, dollar cost averaging is a superior practice to buying on dips, especially for beginners.  Beginners are starting with absolutely no bitcoin, so they tend to be better to both get the fuck started as soon as possible and to continue to buy at whatever the price for 4-10 years or longer.. and then maybe after they get through their beginner stage they might start to consider dips rather than ongoing, persistent, consistent, regular and perhaps even aggressive buying of bitcoin.

Dip buying as a plan or a practice is inferior because it both encourages waiting for dips that might not happen.. and really if a person is an investor, then they likely would develop a timeline for 4-10 years or longer, so it can take many years to really build up a bitcoin holding, so why start out fucking around, unserious and waiting for dips that might not happen?

The DCA tops everyother investment strategy and it's not even up for debate, imagine that I have an initial investment plan of 10 years with hopes of pushing even further after that and at the end of that 10 years I barely have any holdings because I was busy waiting for dips that didn't happen the way I wanted, that's an entire decade with next to nothing to show for it, why do something like that to myself when I can instead be accumulating bitcoin using the DCA, my plan isn't short term so even though each individual buy might look small, a culmination of the years I would have put in would definitely show that what seemed little at first was just a single brick in a great wall, there is no way to see the results of your efforts from the beginning, it's always at the end that the means is justified.

[Cossyblack]

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.

What particular price do you mean is best to invest in bitcoin because from my knowledge of bitcoin,there is no anointed time to invest in bitcoin. From my perspective it is best you don't wait for the price to go lower to invest as it will delay you from accumulating bitcoin. So it is advisable to buy now regardless of price because waiting for it to lower to your desirable figure is a trading strategy. And again it's a waste of time as you don't know if the price will dip to the exact figure you wanted it. So the best time to  invest in bitcoin isn't by waiting for the the price to drops but rather when you have discretionary income available.

[avp2306]

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.

What particular price do you mean is best to invest in bitcoin because from my knowledge of bitcoin,there is no anointed time to invest in bitcoin. From my perspective it is best you don't wait for the price to go lower to invest as it will delay you from accumulating bitcoin. So it is advisable to buy now regardless of price because waiting for it to lower to your desirable figure is a trading strategy. And again it's a waste of time as you don't know if the price will dip to the exact figure you wanted it. So the best time to  invest in bitcoin isn't by waiting for the the price to drops but rather when you have discretionary income available.

Seems he's confuse and don't understand what he's saying. Because all his statement is wrong since if they use DCA strategy it doesn't matter if Bitcoin price is currently at pump or in dumping situation. That strategy take out those situation that's why aside from sustainable its less stressful strategy which can be used by anyone.

It seems that he's still have  a trading mindset that's why he said that its not good to buy at present price because of those reason he have. But in fact everyone can accumulate because what good thing about DCA is it take us out on situations on which we are guessing the price before we accumulate. What DCA offer is consistency and not a buy at the dip then sell high scenario since this is not sustainable at all.

[cxtreenal]

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.

What particular price do you mean is best to invest in bitcoin because from my knowledge of bitcoin,there is no anointed time to invest in bitcoin. From my perspective it is best you don't wait for the price to go lower to invest as it will delay you from accumulating bitcoin. So it is advisable to buy now regardless of price because waiting for it to lower to your desirable figure is a trading strategy. And again it's a waste of time as you don't know if the price will dip to the exact figure you wanted it. So the best time to  invest in bitcoin isn't by waiting for the the price to drops but rather when you have discretionary income available.

People who wait for Bitcoin to drop in price are basically newbies and do not know much about Bitcoin basics, so they waste the best time to invest. I say good time to invest because a newbie investor has extra funds available with which he wants to buy Bitcoin. There is a possibility that they will spend the funds they have during the time spent for the price to drop. So without the need for much available knowledge about Bitcoin and having initial knowledge, this is the best time to invest in Bitcoin and in any price trend.

From the newbie stage when you gradually learn about Bitcoin you will realize the need to accumulate Bitcoin regardless of the price because gradually increasing your Bitcoin holding means protecting your extra cash fund from the bad effects of inflation and building your own decentralized financial system.

[Baki202]

The DCA tops everyother investment strategy and it's not even up for debate, imagine that I have an initial investment plan of 10 years with hopes of pushing even further after that and at the end of that 10 years I barely have any holdings because I was busy waiting for dips that didn't happen the way I wanted, that's an entire decade with next to nothing to show for it, why do something like that to myself when I can instead be accumulating bitcoin using the DCA, my plan isn't short term so even though each individual buy might look small, a culmination of the years I would have put in would definitely show that what seemed little at first was just a single brick in a great wall, there is no way to see the results of your efforts from the beginning, it's always at the end that the means is justified.

DCA has become an interesting option that people can not keep their fingers off, and with you having an initial plan of 10 years, then the best thing will be using DCA, that is, if you are planning to buy with limited funds, because there is a difference between people who already have enough resources to buy and all they need to do is that for them. to just remove money and then buy people like that who don't need DCA for them to buy they already have the resources.

Mostly doing that, I don't have the full capacity to buy, that is when DCA is the best option to make use of because that is what makes it very easy for people like us who have to use income, so DCA is just the only way. And the fact that we are always learning every day has helped in all kinds of ways, and when you can be committed to this, then you can do it all through. Then it's going to be a big mission accomplished because consistency for that number of years will only bring you a good amount of accumulation.

[Tetu100]

there is no anointed time to invest in bitcoin. From my perspective it is best you don't wait for the price to go lower to invest as it will delay you from accumulating bitcoin. So it is advisable to buy now regardless of price because waiting for it to lower to your desirable figure is a trading strategy.

Maybe their is an anointed time he's referring to that am pretty not aware of, because to the best of my knowledge over the years I have being doing this, every single minute you got your discretionary funds figured out is just the best and the appropriate time to invest in bitcoin. However, waiting for God's know when before investing  is just a sign of weakness and unseriousness towards bitcoin investimment. Therefore such person shouldn't be taken serious because even if bitcoin drop to $10k he will end up still not invest in it so what is the point stressing off. And again, I normally refer to people like that as sweet mouth and big big talk people and that is only what they are good at.

[Jody.Drummer]

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.

Contrary to your assertion, dollar cost averaging is a superior practice to buying on dips, especially for beginners.  Beginners are starting with absolutely no bitcoin, so they tend to be better to both get the fuck started as soon as possible and to continue to buy at whatever the price for 4-10 years or longer.. and then maybe after they get through their beginner stage they might start to consider dips rather than ongoing, persistent, consistent, regular and perhaps even aggressive buying of bitcoin.

Dip buying as a plan or a practice is inferior because it both encourages waiting for dips that might not happen.. and really if a person is an investor, then they likely would develop a timeline for 4-10 years or longer, so it can take many years to really build up a bitcoin holding, so why start out fucking around, unserious and waiting for dips that might not happen?

Right what you said, with this dollar cost averaging strategy, of course, it is done by consistently buying at a predetermined period of time and this is done at any price at the time of purchase. In addition, buying when the price drops is just buying time because the price drop will not always happen and in general BTC has a fairly consistent increase because the reason many people invest is because of that. Someone who buys by waiting for the price to drop, in my opinion, they should be able to be patient and maybe don't be jealous when they see someone who does this dollar cost averaging strategy strategy tends to succeed with their holdings that are increasing consistently.

[Pandorak]

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.

Essentially, waiting to buy at a lower price is not a mistake, and buying at a lower price is certainly more profitable. However, the problem is that no one can accurately predict where the lowest point in Bitcoin price will be, this simply causes you to waste more time, in other words, you will never actually start building your investment. Furthermore, there is no guarantee that the price will fall to the level you expect, even if the price does fall, there is no certainty that this level is the lowest point, as the price could fall even further.

This is where DCA has the advantage. This method does not rely on your ability to predict prices, but rather focuses on your consistency in making long term purchases, and the best time to buy is when your funds are available.

[Jewan420]

Essentially, waiting to buy at a lower price is not a mistake, and buying at a lower price is certainly more profitable. However, the problem is that no one can accurately predict where the lowest point in Bitcoin price will be, this simply causes you to waste more time, in other words, you will never actually start building your investment. Furthermore, there is no guarantee that the price will fall to the level you expect, even if the price does fall, there is no certainty that this level is the lowest point, as the price could fall even further.

This is where DCA has the advantage. This method does not rely on your ability to predict prices, but rather focuses on your consistency in making long term purchases, and the best time to buy is when your funds are available.

Well, you can invest your money in any way you want. You can wait or you can invest regularly without delay.

However, deliberately delaying investment is not the right thing to do, but I think it is wrong. If you wait to buy at a low price, you are only wasting time and prolonging or ruining your path to capitalization. Bitcoin is very volatile, which is why it is difficult to find the point you are looking for.

Despite having discretionary money, waiting to buy at a low price may not be the right thing to do. If you ever get the opportunity to buy a dip or get the opportunity to buy at a low price, you can invest as aggressively as you can. There is nothing wrong with buying at a low price or taking advantage of the dip market.

[Comeacross]

Contrary to your assertion, dollar cost averaging is a superior practice to buying on dips, especially for beginners.  Beginners are starting with absolutely no bitcoin, so they tend to be better to both get the fuck started as soon as possible and to continue to buy at whatever the price for 4-10 years or longer.. and then maybe after they get through their beginner stage they might start to consider dips rather than ongoing, persistent, consistent, regular and perhaps even aggressive buying of bitcoin.

Dip buying as a plan or a practice is inferior because it both encourages waiting for dips that might not happen.. and really if a person is an investor, then they likely would develop a timeline for 4-10 years or longer, so it can take many years to really build up a bitcoin holding, so why start out fucking around, unserious and waiting for dips that might not happen?

Buying the dip is not the perfect plan for beginners. Beginners don't have conviction yet but DCA build it. When you are doing DCA, every buy (irrespective of market condition) is a prove that you can stick to your plan but dip buying train your brain to panic when market suffers setback and also pressure you to sell when market is healthy. One may miss the entire bull run waiting for the dip.

DCA gives momentum and that's what beginners need more than optimisation. DCA does not only let you stack bitcoin, it gives you identity as a bitcoiner because it makes you committed.

Dip buying makes sense when you are already in the system. If you already accumulate enough coin through DCA and you have some reserve and conviction, you can target dip to accumulate even bigger but it doesn't make sense to skip DCA and wait for dips as a beginner.

[Tmoonz]

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.

Essentially, waiting to buy at a lower price is not a mistake, and buying at a lower price is certainly more profitable. However, the problem is that no one can accurately predict where the lowest point in Bitcoin price will be, this simply causes you to waste more time, in other words, you will never actually start building your investment. Furthermore, there is no guarantee that the price will fall to the level you expect, even if the price does fall, there is no certainty that this level is the lowest point, as the price could fall even further.

This is where DCA has the advantage. This method does not rely on your ability to predict prices, but rather focuses on your consistency in making long term purchases, and the best time to buy is when your funds are available.

If you ask me I would say that this statement is contradictory, what is said to be a waste of time is apparently a big mistake that should not be made, people that wait for dips never get to be satisfied with dips and secondly it is not guarantee to happen it may or may not happen and you are saying is not a mistake?  The truth is that the DCA strategy puts you in the position of buying on different entry price points which includes buying the dip without waiting for it, come on mate waiting for a lower price is indeed a very big mistake.

[ejikeme24]

[Edited out]

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.

As long as setting up that emergency fund will not completely disrupt or delay the beginning of your accumulation, then I think it is a smart move to balance both together…

Yep, I also suggest that instead of focusing more about building our emergency funds it is better we balance both together or we give more priority in building our discretionary income to keep investing regularly because we have target to meet. I'm not saying that we shouldn't give attention to building our emergency funds but before doing that we need to ensure that we are on the verge of getting to the middle of our investment, but even before that time we are expected to have some level of emergency funds and backup funds that can still serve us for the main time. I discovered that when your mind is free from anything emergency, it takes long before you can experience one if at all you will experience it but when you're anticipating that emergency will happen, definitely it will happen because already you are expecting it, so sometimes we need to keep our mind off from negative thought like emergency but even as that we still need emergency funds set up for our bitcoin investment because we really can't tell when emergency will happen.

[IjawMan]

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.

What particular price do you mean is best to invest in bitcoin because from my knowledge of bitcoin,there is no anointed time to invest in bitcoin. From my perspective it is best you don't wait for the price to go lower to invest as it will delay you from accumulating bitcoin. So it is advisable to buy now regardless of price because waiting for it to lower to your desirable figure is a trading strategy. And again it's a waste of time as you don't know if the price will dip to the exact figure you wanted it. So the best time to  invest in bitcoin isn't by waiting for the the price to drops but rather when you have discretionary income available.

Seems he's confuse and don't understand what he's saying. Because all his statement is wrong since if they use DCA strategy it doesn't matter if Bitcoin price is currently at pump or in dumping situation. That strategy take out those situation that's why aside from sustainable its less stressful strategy which can be used by anyone.

It seems that he's still have  a trading mindset that's why he said that its not good to buy at present price because of those reason he have. But in fact everyone can accumulate because what good thing about DCA is it take us out on situations on which we are guessing the price before we accumulate. What DCA offer is consistency and not a buy at the dip then sell high scenario since this is not sustainable at all.

I look into his profile and he is a brand newbie which signifies he is still fresh in the forum and may be about bitcoin investment too. This one shortcomings with some fresh newbies, instead of paying attention to read and learn in the way many of us did at the outset when we began with the forum.

All most of what he said were wrong and can be misleading in the future for another newbie Investor who goes about to read that he must wait for a particular Bitcoin price with DCA accumulation strategy before buying Bitcoin. 

While on the side note that is what traders do, waiting for targeted Bitcoin price, and they end with either missing opportunity to buy and never buy at all. With DCA strategy, the price is secondary and not a  deciding factor to buy but rather the availability of our discretionary income.