Does the DCA strategy inspire newbies to invest?

[Barikui1]

There is no problem whether you do Automated DCA or Manual DCA. The most important thing is that if the money with which DCA is being done is lost, then there should be no problem in living. Because the main point of DCA is to invest a certain amount of money at a certain time, there is no problem in doing it manually or automatically. But you have to manage the money yourself. No one else will do it. However, automated DCA helps maintain discipline and reduces the tendency to stop investing due to emotions, which if done manually, you have to manage both time and mental pressure.

Their is problem bro, how will you be saying that their is no problem when you should know better that once it's automated, you will care less on having a discretionary income or not, and you might even go as far as investing when you don't have a discretionary income, but when you are doing it manually, you will act base on the situation at hand. And if your discretionary income left is not up to the amount you invested with the last time, you can still invest with some percentage of it, unlike an automated manner whereby your wouldn't care if you are going beyond your discretionary income or not, just because you want to meet up to the amount that was set.

[The Founding Titan]

There is no problem whether you do Automated DCA or Manual DCA. The most important thing is that if the money with which DCA is being done is lost, then there should be no problem in living. Because the main point of DCA is to invest a certain amount of money at a certain time, there is no problem in doing it manually or automatically. But you have to manage the money yourself. No one else will do it. However, automated DCA helps maintain discipline and reduces the tendency to stop investing due to emotions, which if done manually, you have to manage both time and mental pressure.

Their is problem bro, how will you be saying that their is no problem when you should know better that once it's automated, you will care less on having a discretionary income or not, and you might even go as far as investing when you don't have a discretionary income, but when you are doing it manually, you will act base on the situation at hand. And if your discretionary income left is not up to the amount you invested with the last time, you can still invest with some percentage of it, unlike an automated manner whereby your wouldn't care if you are going beyond your discretionary income or not, just because you want to meet up to the amount that was set.

With automated DCA the amount you will be able to DCA with will be fixed but you discretionary income isn't fixed so unless you plan on having to adjust how much you DCA with whenever you are DCAing which effectively means you are not using automated DCA since you are still the one doing it yourself and if you don't adjust for changes in your discretionary income then you risk over investing if you discretionary income at a particular time is not up to how much you DCA with using automated DCA so while it might have it's merits the manual seem better to use.

[Qhunman]

You do not seem to know the difference between DCA and some DCA tool that has been created by some exchange.  Would you like to promote that exchange, too - since you seem to love it's DCA buying tool, so well.  By the way, it is not a good idea to DCA into shitcoins, yet exchanges won't stop you from doing that, since they make money no matter what you buy (or trade).

Just for your information (and the information of other members) DCA does not need to be automated in order to qualify as being DCA. DCA can be manual, and it probably is better to do it manually.

I agree with you. manual dca is better because some weeks your expenses will exceed your income and you wouldn't be able to figure out discretionary income in such cases you are can skip that week until when next there is discretionary income available However, this is the reverse for automated DCA because you cannot skip even if you don't have discretionary income available for that particular week. Since it is automated it will affect you because it will still deduct automatically regardless of whether you lack discretionary income or not. This is why I prefer to Dca manually as I can decide to skip for that week if I lack discretionary income.

[Showlove01]

You have a point here but I still think those automated can still be reset if necessary so it is not something one should bother or worry because since we are the one that instructed it with that command to be accumulating automatically we can also ulter it when there is a change. However, I don't really fancy this robot machine that accumulate Bitcoin because there will be a time when it will run out of efficiency and accuracy then you will be hovering for maintenance so I think manually is the best like you said.

There are times that your basic needs and monthly expenses will eat up your discretionary income and you wouldn't be able to buy bitcoin that week, the bot wouldn't know that but will always buy as you have set it and that will definitely affect you financially because you will have to sell those bitcoin and take care of your needs. This is why I love the manual DCA because you can adjust your DCA amount based on the leftover money be it big or small.

Another thing is that the bot doesn't know if you will increase your DCA amount for that week or reduce it, it will automatically buy bitcoin as you have program it. Manual DCA is the best because you control the amount of money that you are going to buy with for that week.

If you read my post very well you would have understood that I didn't say I prefer the bot accumulation to manual accumulation rather what I said was that the bot has setting, it can be changed or altered but that's still another stress and a long process that some people won't have this time so the manual still remains the most convenient and simple way of accumulating Bitcoin because, like you said one can easily adjust whenever there's a shift or change in our discretionary income or needs.

[Creeper0]

If you read my post very well you would have understood that I didn't say I prefer the bot accumulation to manual accumulation rather what I said was that the bot has setting, it can be changed or altered but that's still another stress and a long process that some people won't have this time so the manual still remains the most convenient and simple way of accumulating Bitcoin because, like you said one can easily adjust whenever there's a shift or change in our discretionary income or needs.

Our needs are not the same every month or every week, so with the change in needs, the amount of our discretionary money can also change regularly. With this regularly changing discretionary money, the manual investment method is effective, if we want to do DCA with the automatic investment method, then we must have a lot of discretionary money. Suppose, if you do DCA weekly, you must have enough discretionary money to do DCA for a few weeks. The automatic DCA system is effective only for those who have a lot of discretionary money. For low-income people or ordinary people, manual DCA is still more effective. In this case, I agree with you.

[Rabata]

If you read my post very well you would have understood that I didn't say I prefer the bot accumulation to manual accumulation rather what I said was that the bot has setting, it can be changed or altered but that's still another stress and a long process that some people won't have this time so the manual still remains the most convenient and simple way of accumulating Bitcoin because, like you said one can easily adjust whenever there's a shift or change in our discretionary income or needs.

Our needs are not the same every month or every week, so with the change in needs, the amount of our discretionary money can also change regularly. With this regularly changing discretionary money, the manual investment method is effective, if we want to do DCA with the automatic investment method, then we must have a lot of discretionary money. Suppose, if you do DCA weekly, you must have enough discretionary money to do DCA for a few weeks. The automatic DCA system is effective only for those who have a lot of discretionary money. For low-income people or ordinary people, manual DCA is still more effective. In this case, I agree with you.

You have raised some important points. In particular, discretionary income is not the same every month or week. In some weeks, expenses, bills, medical, loans, school fees or other expenses may increase. So if someone sets up automatic weekly DCA without considering their cash flow and discretionary income, there is a possibility that they may actually buy BTC with money that was not actually their discretionary income.

Not everyone is required to have the same strategy. But I personally think that manual DCA may be more realistic for those who are low-income earners or those whose income comes irregularly.