Does the DCA strategy inspire newbies to invest?

[Umulala-alala]

Correct me if wrong, DCA not always promising to earn much profitable profitable for strategy to invest in bitcoin exactly enter at the wrong moment, let me explain bit if you buy bitcoin trough DCA during bearish moment I believe you have been long term holder until right now how significant bitcoin movement from higher price to lower price. So lets change the way about investing in bitcoin enter at the right time during bullish moment and you can buy trough DCA or all in based on amount become your saving fund. So if you have small fund better saving in currency or fiat assets and buy back bitcoin later after have lower price.

If you are brand new to bitcoin, then you have absolutely no bitcoin, so instead of buying bitcoin, you think that it is a good idea to wait for the price to come down, yet if you are new to bitcoin, how the fuck do you know if the BTC price might go up, down or sideways?

You want to stay a no coiner and wait for the price to come down? 

As a newbie, how are you going to know when the bitcoin price had come down enough, so maybe your waiting strategy would cause you to want to continue to wait and wait and wait... So then when the fuck you going to get started buying bitcoin?

You mentioned that maybe you want to invest.  What do you consider investing?  How long do you plan to hold bitcoin?

Many guys who have studied bitcoin (oh wait, you haven't studied bitcoin yet you think that you know something about bitcoin?) consider investing in bitcoin to be a 4-10 year or longer endeavor since it likely takes a long time to build up a bitcoin holdings.  You think that you are going to invest for a period that is shorter than 4 years?  maybe you are a trader and not an investor?  Maybe you don't know the difference between trading and investing, and you want to trade bitcoin, yet this thread is about investing not trading.

By the way, I understand that newbies to bitcoin may well not want to commit to 4-10 years or longer when they get started in bitcoin, so they might not want to be bitcoin investors, yet they might not really know what they want since they may well not know shit about bitcoin except maybe some superficial and wrong ideas that they had heard about bitcoin in the mainstream media.

Maybe you could consider getting started buying bitcoin, and learning about bitcoin at the same time?  If you start to buy bitcoin, you likely are going to be more incentivized to try to learn about bitcoin rather than if you were to employ a waiting on the sidelines strategy.  Waiting likely does not get you anywhere as compared to taking action and figuring out some reasonable amount of bitcoin every week that you want to buy while you are learning about it, whether that is $100 per week, $10 per week or some other amount that you consider to be reasonable and within your discretionary funds.  Actively buying bitcoin is a much more serious approach, and you likely would end up learning about bitcoin if you were to actually do something rather than just think about it.

Most of these folks who waits for the dip to buy end up been a no coiner because their expected dip didn't show up and the funds they are supposed to get started with was taken off by some unnecessary things by waiting they keep procrastinating on when to buy bitcoin.
A new bitcoin investment doesn't have any thing to do with waiting for dip because he hasn't started and still has a far journey to go, nobody knows what happened in the market if the price will even go up or down so instead of waiting they can buying consistently with the dca strategy and be able to hodl their bitcoin for long 4-10 and by this they might have gotten to there over accumulation and can now even choose to wait for the dip before buying if they want because they have already reach their goal so waiting for the dip is not good for  a new investor an investor that has not reach his accumulation point.

Again some people thinks they need to know everything about bitcoin before they can start buying but forgotten they can't understand it well if they aren't buying bitcoin, waiting can't get us anywhere rather it will slow down the investment or even make them a no coiner at the end of it.

[Proty]

Correct me if wrong, DCA not always promising to earn much profitable profitable for strategy to invest in bitcoin exactly enter at the wrong moment, let me explain bit if you buy bitcoin trough DCA during bearish moment I believe you have been long term holder until right now how significant bitcoin movement from higher price to lower price. So lets change the way about investing in bitcoin enter at the right time during bullish moment and you can buy trough DCA or all in based on amount become your saving fund. So if you have small fund better saving in currency or fiat assets and buy back bitcoin later after have lower price.

Don't blame about DCA during the bearish moment because high risk with your investment assets and actually you need more patience waiting market recovery back to higher price learn more from the latest highest price and right now drop more than 60%.

I think your mindset is all about trading because it is mostly traders that are always trying to time the market in other to get the perfect entry point. The idea of waiting for the right time or for the market to be bullish has nothing to do with DCA strategy.
As long DCA strategy is concerned you don't have to wait for the price to be low before you can buy bitcoin. The moment you start waiting for the price to be low before you buy bitcoin then it is no longer DCA strategy but rather buy the dip strategy.

[Gost ms]

Correct me if wrong, DCA not always promising to earn much profitable profitable for strategy to invest in bitcoin exactly enter at the wrong moment, let me explain bit if you buy bitcoin trough DCA during bearish moment I believe you have been long term holder until right now how significant bitcoin movement from higher price to lower price. So lets change the way about investing in bitcoin enter at the right time during bullish moment and you can buy trough DCA or all in based on amount become your saving fund. So if you have small fund better saving in currency or fiat assets and buy back bitcoin later after have lower price.

Don't blame about DCA during the bearish moment because high risk with your investment assets and actually you need more patience waiting market recovery back to higher price learn more from the latest highest price and right now drop more than 60%.

It is unclear what you mean. But what you said about the DCA method is not the DCA method at all. The DCA method is to continue buying continuously on a weekly or monthly basis or according to your time. The DCA method is not that you have to buy when the price of Bitcoin falls or when it rises, this is not the DCA method. .

Why do you buy when the price rises or falls? If you continue to buy continuously by following the DCA method, then it is good for you. The DCA method is definitely better than all other investment methods. What you are saying is that you are investing in full trading, a trader takes such an approach.

We always need to invest through discretionary income. By investing with savings funds, you mean. Invest such an amount of money that you can afford to lose or that your financial situation will not be stressed even if you lose it.

[Dump3er]

Correct me if wrong, DCA not always promising to earn much profitable profitable for strategy to invest in bitcoin exactly enter at the wrong moment, let me explain bit if you buy bitcoin trough DCA during bearish moment I believe you have been long term holder until right now how significant bitcoin movement from higher price to lower price. So lets change the way about investing in bitcoin enter at the right time during bullish moment and you can buy trough DCA or all in based on amount become your saving fund. So if you have small fund better saving in currency or fiat assets and buy back bitcoin later after have lower price.

If you are brand new to bitcoin, then you have absolutely no bitcoin, so instead of buying bitcoin, you think that it is a good idea to wait for the price to come down, yet if you are new to bitcoin, how the fuck do you know if the BTC price might go up, down or sideways?

You want to stay a no coiner and wait for the price to come down? 

As a newbie, how are you going to know when the bitcoin price had come down enough, so maybe your waiting strategy would cause you to want to continue to wait and wait and wait... So then when the fuck you going to get started buying bitcoin?

You mentioned that maybe you want to invest.  What do you consider investing?  How long do you plan to hold bitcoin?

-

I think that those who believe the best way to go about getting into bitcoin is to wait for it to drop in price, are those who buy an apparent dip, perhaps at $50k when it came down from $70k, but then bitcoin keeps dropping and they sell again immediately at $45k because they they timed the market wrong. There are so many people in the forum preaching to buy the dip or in general to be able to spot the dip at all that I lose my mind when I see that. This is a thread about DCA and the whole purpose of DCA is to get in now! If bitcoin drops you get more BTC for you buck, if bitcoin goes up, whatever you bought before goes up in value and you get less BTC for the buck.

Now let's say a potential investor decides to do 52 weeks DCA to build a bag. It is the right decision either way. If bitcoin keeps dropping for 52 subsequent weeks, congratulations for the amount of BTC you could acquire. If Bitcoin goes up for 52 weeks, congratulations because the BTC you bought in week 1 and 2 and 3... 51 now all went up in value.

Waiting for a dip when you made the final decision to start DCA, which I think is by far the way under current circumstances in the market, is simply nonsense. It undermines the whole idea to start DCA when actually you are obsessed with waiting for a dip.

Sure now everyone will say "see I was right to wait", but in my opinion that is confirmation bias. Nobody really knew where it would go and whether Saylor decides to spread some "FUD" (which I think is not really true, but whatever).

DCA, if you got the means to build a bag on a weekly basis for 52 weeks reliably, is like the perfect insurance against market volatility and any doubt a potential investor may have.

[laspol65]

Correct me if wrong, DCA not always promising to earn much profitable profitable for strategy to invest in bitcoin exactly enter at the wrong moment, let me explain bit if you buy bitcoin trough DCA during bearish moment I believe you have been long term holder until right now how significant bitcoin movement from higher price to lower price. So lets change the way about investing in bitcoin enter at the right time during bullish moment and you can buy trough DCA or all in based on amount become your saving fund. So if you have small fund better saving in currency or fiat assets and buy back bitcoin later after have lower price.

Don't blame about DCA during the bearish moment because high risk with your investment assets and actually you need more patience waiting market recovery back to higher price learn more from the latest highest price and right now drop more than 60%.

I think your mindset is all about trading because it is mostly traders that are always trying to time the market in other to get the perfect entry point. The idea of waiting for the right time or for the market to be bullish has nothing to do with DCA strategy.
As long DCA strategy is concerned you don't have to wait for the price to be low before you can buy bitcoin. The moment you start waiting for the price to be low before you buy bitcoin then it is no longer DCA strategy but rather buy the dip strategy.

You should use the future days properly by following the Bitcoin DCA method. Because when you are just waiting for the dip to buy, you will only waste your time, because you should not be patient with time. If you should, then you can invest by following the DCA method, you do not have to wait for it to be patient in any way.
In all cases, holding Bitcoin by following the Bitcoin DCA method is the best and best plan. In both cases, this DCA method is the most suitable for investors, where they can definitely reach a better holding level and gain benefits by using this method.

[JayJuanGee]

[edited out]

I think that those who believe the best way to go about getting into bitcoin is to wait for it to drop in price, are those who buy an apparent dip, perhaps at $50k when it came down from $70k, but then bitcoin keeps dropping and they sell again immediately at $45k because they they timed the market wrong. There are so many people in the forum preaching to buy the dip or in general to be able to spot the dip at all that I lose my mind when I see that. This is a thread about DCA and the whole purpose of DCA is to get in now! If bitcoin drops you get more BTC for you buck, if bitcoin goes up, whatever you bought before goes up in value and you get less BTC for the buck.

Now let's say a potential investor decides to do 52 weeks DCA to build a bag. It is the right decision either way. If bitcoin keeps dropping for 52 subsequent weeks, congratulations for the amount of BTC you could acquire. If Bitcoin goes up for 52 weeks, congratulations because the BTC you bought in week 1 and 2 and 3... 51 now all went up in value.

I understand that you are merely giving an example of a guy buying weekly for a whole year, yet I cannot understand too many examples where a guy would be able to establish enough of a position in bitcoin in 1 year, since investing seems to take a long time, even if a guy might be able to frontload by reallocating from other assets into bitcoin.

Waiting for a dip when you made the final decision to start DCA, which I think is by far the way under current circumstances in the market, is simply nonsense. It undermines the whole idea to start DCA when actually you are obsessed with waiting for a dip.

Sure now everyone will say "see I was right to wait", but in my opinion that is confirmation bias. Nobody really knew where it would go and whether Saylor decides to spread some "FUD" (which I think is not really true, but whatever).
DCA, if you got the means to build a bag on a weekly basis for 52 weeks reliably, is like the perfect insurance against market volatility and any doubt a potential investor may have.

You are correct to say that any particular time that we cannot be sure if the BTC price is going to go up, down or sideways, especially over a year or two accumulation period, and especially newbies presumptively are starting out with no coins and even if they are buying bitcoin for quite a long time, they will stay a low coiner for quite a long time since it likely takes a decent amount of time to really build a bitcoin holdings that is significant enough to either stop accumulating or to transition from accumulation status into maintenance status.

[SPIDERMAN008]

Correct me if wrong, DCA not always promising to earn much profitable profitable for strategy to invest in bitcoin exactly enter at the wrong moment, let me explain bit if you buy bitcoin trough DCA during bearish moment I believe you have been long term holder until right now how significant bitcoin movement from higher price to lower price. So lets change the way about investing in bitcoin enter at the right time during bullish moment and you can buy trough DCA or all in based on amount become your saving fund. So if you have small fund better saving in currency or fiat assets and buy back bitcoin later after have lower price.

Don't blame about DCA during the bearish moment because high risk with your investment assets and actually you need more patience waiting market recovery back to higher price learn more from the latest highest price and right now drop more than 60%.

I think your mindset is all about trading because it is mostly traders that are always trying to time the market in other to get the perfect entry point. The idea of waiting for the right time or for the market to be bullish has nothing to do with DCA strategy.
As long DCA strategy is concerned you don't have to wait for the price to be low before you can buy bitcoin. The moment you start waiting for the price to be low before you buy bitcoin then it is no longer DCA strategy but rather buy the dip strategy.

You should use the future days properly by following the Bitcoin DCA method. Because when you are just waiting for the dip to buy, you will only waste your time, because you should not be patient with time. If you should, then you can invest by following the DCA method, you do not have to wait for it to be patient in any way.
In all cases, holding Bitcoin by following the Bitcoin DCA method is the best and best plan. In both cases, this DCA method is the most suitable for investors, where they can definitely reach a better holding level and gain benefits by using this method.

I agree with you. Investing in the DCA method can be a good way for everyone. And if you can continue investing properly with patience, the chances of success increase after a long time. Many people invest a lot of money at once, but then panic due to price volatility.

But since the DCA method is invested with a small amount of discretionary income, in that case, there is not much panic mentally due to this price volatility. Even if the price of Bitcoin has dropped a lot, there is still a mindset of accumulation with the mindset of investing for a long time, so investors who follow the DCA method at this time can take this decrease in price as an opportunity and buy more Bitcoin at a lower price. So, considering all aspects, it can be understood that the DCA method is the best and most suitable of investment for everyone.

[Jody.Drummer]

Correct me if wrong, DCA not always promising to earn much profitable profitable for strategy to invest in bitcoin exactly enter at the wrong moment, let me explain bit if you buy bitcoin trough DCA during bearish moment I believe you have been long term holder until right now how significant bitcoin movement from higher price to lower price. So lets change the way about investing in bitcoin enter at the right time during bullish moment and you can buy trough DCA or all in based on amount become your saving fund. So if you have small fund better saving in currency or fiat assets and buy back bitcoin later after have lower price.

Don't blame about DCA during the bearish moment because high risk with your investment assets and actually you need more patience waiting market recovery back to higher price learn more from the latest highest price and right now drop more than 60%.

First we don't know when the price will go down or up, but keep in mind bitcoin tends to go up in price and if you wait for the price to go down to buy it seems like it's just delaying time, not to mention if for example now the price goes down and you buy it with all the money and the amount you have or even as you said with DCA but at that time the price is still likely to go down and it could be that what is done is not to maintain but to sell it at a lower price. And even if the situation is that we have small funds then it doesn't mean we can't buy, with the DCA it helps some people who want to invest with a relatively small amount.

[ZeroVinsonN]

[edited out]

I think that those who believe the best way to go about getting into bitcoin is to wait for it to drop in price, are those who buy an apparent dip, perhaps at $50k when it came down from $70k, but then bitcoin keeps dropping and they sell again immediately at $45k because they they timed the market wrong. There are so many people in the forum preaching to buy the dip or in general to be able to spot the dip at all that I lose my mind when I see that. This is a thread about DCA and the whole purpose of DCA is to get in now! If bitcoin drops you get more BTC for you buck, if bitcoin goes up, whatever you bought before goes up in value and you get less BTC for the buck.

Now let's say a potential investor decides to do 52 weeks DCA to build a bag. It is the right decision either way. If bitcoin keeps dropping for 52 subsequent weeks, congratulations for the amount of BTC you could acquire. If Bitcoin goes up for 52 weeks, congratulations because the BTC you bought in week 1 and 2 and 3... 51 now all went up in value.

I understand that you are merely giving an example of a guy buying weekly for a whole year, yet I cannot understand too many examples where a guy would be able to establish enough of a position in bitcoin in 1 year, since investing seems to take a long time, even if a guy might be able to frontload by reallocating from other assets into bitcoin.

Waiting for a dip when you made the final decision to start DCA, which I think is by far the way under current circumstances in the market, is simply nonsense. It undermines the whole idea to start DCA when actually you are obsessed with waiting for a dip.

Sure now everyone will say "see I was right to wait", but in my opinion that is confirmation bias. Nobody really knew where it would go and whether Saylor decides to spread some "FUD" (which I think is not really true, but whatever).
DCA, if you got the means to build a bag on a weekly basis for 52 weeks reliably, is like the perfect insurance against market volatility and any doubt a potential investor may have.

You are correct to say that any particular time that we cannot be sure if the BTC price is going to go up, down or sideways, especially over a year or two accumulation period, and especially newbies presumptively are starting out with no coins and even if they are buying bitcoin for quite a long time, they will stay a low coiner for quite a long time since it likely takes a decent amount of time to really build a bitcoin holdings that is significant enough to either stop accumulating or to transition from accumulation status into maintenance status.

Accumulating enough bitcoin for a person to claim they're holding enough bitcoin isn't something that can happen within just 1 year, it will take time and that much is to be expected because it is a long term endeavour, even if a person is able to gather what they claim to be enough in 1 year I still can't say they're hit over-accumulation, as far as I'm concerned there is still little to no difference between what that bitcoin would be worth at the time and the actual value of the money they spent to purchase it, making it pointless to even claim to want to invest in bitcoin.

[cyberninja2]

...

First we don't know when the price will go down or up, but keep in mind bitcoin tends to go up in price and if you wait for the price to go down to buy it seems like it's just delaying time, not to mention if for example now the price goes down and you buy it with all the money and the amount you have or even as you said with DCA but at that time the price is still likely to go down and it could be that what is done is not to maintain but to sell it at a lower price. And even if the situation is that we have small funds then it doesn't mean we can't buy, with the DCA it helps some people who want to invest with a relatively small amount.

In my opinion no one is right in predicting the price whether it is decreasing or increasing so we don't need to worry about what is happening in the market regarding prices because our job if we are people who are involved in this forum is better for us to see price movements with the aim of being able to make purchases by accumulating the amount that we will add but we don't need to wait to start because usually if we wait at the right time according to our thoughts we will always lose our opportunity to add to the amount that we want to make an asset, so for me the thing that we don't need to do in Bitcoin investment is waiting for the time to do it and have the intention and goal of our planning in buying Bitcoin without worrying about the price that occurs whether it is decreasing or in a period of increase clearly we don't need to know when it's time to go down and when it's time to go up but keep doing it to increase the number of Bitcoins that will become our assets one day.

[abaeze]

Waiting for a dip when you made the final decision to start DCA, which I think is by far the way under current circumstances in the market, is simply nonsense. It undermines the whole idea to start DCA when actually you are obsessed with waiting for a dip.

Sure now everyone will say "see I was right to wait", but in my opinion that is confirmation bias. Nobody really knew where it would go and whether Saylor decides to spread some "FUD" (which I think is not really true, but whatever).
DCA, if you got the means to build a bag on a weekly basis for 52 weeks reliably, is like the perfect insurance against market volatility and any doubt a potential investor may have.

You are correct to say that any particular time that we cannot be sure if the BTC price is going to go up, down or sideways, especially over a year or two accumulation period, and especially newbies presumptively are starting out with no coins and even if they are buying bitcoin for quite a long time, they will stay a low coiner for quite a long time since it likely takes a decent amount of time to really build a bitcoin holdings that is significant enough to either stop accumulating or to transition from accumulation status into maintenance status.

That's right, a friend of mine from a village recently started Bitcoin accumulation but was temporarily worried as its price has been trending down a bit in the past week. When I advised him not to panic about the Bitcoin price and to keep buying Bitcoin using the Dollar Cost Averaging method with discretionary income so that his Bitcoin portfolio would grow, and also explained to him that the holdings would be relatively small for the first few years and that his main goal during this time was to have an accumulation phase and not take profits if the price increased. Then he was reassured and promised to try to increase his Bitcoin communication with discretionary income without worrying about the fluctuations in the Bitcoin price.

Eventually, most middle-class new Bitcoiners take many years to accumulate a meaningful amount of BTC from zero. So for many, the question of "how to keep accumulating consistently" is more important than the question of "when to sell". At the same time, everyone should have a personal plan or boundary. Because some may be saving for retirement, while others may use it to buy a house in the future or for financial freedom. Therefore, the purpose of saving Bitcoin should ultimately be to improve the quality of life, not just chasing numbers.

[Jamestown70]

Correct me if wrong, DCA not always promising to earn much profitable profitable for strategy to invest in bitcoin exactly enter at the wrong moment, let me explain bit if you buy bitcoin trough DCA during bearish moment I believe you have been long term holder until right now how significant bitcoin movement from higher price to lower price. So lets change the way about investing in bitcoin enter at the right time during bullish moment and you can buy trough DCA or all in based on amount become your saving fund. So if you have small fund better saving in currency or fiat assets and buy back bitcoin later after have lower price.

Don't blame about DCA during the bearish moment because high risk with your investment assets and actually you need more patience waiting market recovery back to higher price learn more from the latest highest price and right now drop more than 60%.

I’m trying to piece together what you’re saying but to be honest it not really making any sense, how certain are you that it’ll eventually get to your intended dip before investing, let’s assume it doesn’t get to dip you’re waiting on I guess you’ll remain a no coiner a very long fucking time of waiting. If it’s a scenario whereby you’ve gotten to your over accumulation stage and you decide to keep on buying but using the dip strategy that’s way more considerable but the fact that you have not gotten to your over accumulation stage, you shouldn’t be fucking around with the idea of waiting for the dip.
Rather making use of the DCA strategy will ease you of the fear of missing out (FOMO) on buying opportunities and monitoring Bitcoin price every move. For now waiting on the dip shouldn’t be your priority because the DCA as well is multi purpose, as long as you’re constantly accumulating bitcoin, you’ll definitely buy the dip.

[UpTober]

Correct me if wrong, DCA not always promising to earn much profitable profitable for strategy to invest in bitcoin exactly enter at the wrong moment, let me explain bit if you buy bitcoin trough DCA during bearish moment I believe you have been long term holder until right now how significant bitcoin movement from higher price to lower price. So lets change the way about investing in bitcoin enter at the right time during bullish moment and you can buy trough DCA or all in based on amount become your saving fund. So if you have small fund better saving in currency or fiat assets and buy back bitcoin later after have lower price.

Don't blame about DCA during the bearish moment because high risk with your investment assets and actually you need more patience waiting market recovery back to higher price learn more from the latest highest price and right now drop more than 60%.

I think your mindset is all about trading because it is mostly traders that are always trying to time the market in other to get the perfect entry point. The idea of waiting for the right time or for the market to be bullish has nothing to do with DCA strategy.
As long DCA strategy is concerned you don't have to wait for the price to be low before you can buy bitcoin. The moment you start waiting for the price to be low before you buy bitcoin then it is no longer DCA strategy but rather buy the dip strategy.

You should use the future days properly by following the Bitcoin DCA method. Because when you are just waiting for the dip to buy, you will only waste your time, because you should not be patient with time. If you should, then you can invest by following the DCA method, you do not have to wait for it to be patient in any way.
In all cases, holding Bitcoin by following the Bitcoin DCA method is the best and best plan. In both cases, this DCA method is the most suitable for investors, where they can definitely reach a better holding level and gain benefits by using this method.

You said in the last line that an investor will profit but I think in fact when investing or advising an investor to invest you can never guarantee him profit because investment never guarantees profit. Now the way you have guaranteed profit, if an investor does not invest in the right way and if he holds it for a long time but does not get his desired profit then he can also tell you that you guaranteed him profit but he did not profit. Just as Bitcoin is always the best choice for long-term investment, DCA is important in continuing investment in Bitcoin continuously and for a long time.

We who are investors should not be so in a hurry for profit immediately after investing but investors should continue to invest continuously. If you look at the current Bitcoin market and if you were in the Bitcoin market a few months ago and compare between these two, you will understand the clear difference.  Now if you had advised someone two months ago that if he invested, he would definitely make a profit and now when that investor is in loss, he will naturally tell you that you had guaranteed him profit but why is he in loss now.

The Bitcoin market is like this, here the market has both positive and negative changes, but the biggest thing here is that the investor can hold on for a long time despite all these challenges and try to reach his goal.
We also have to move forward only with the potential and we will have to face many obstacles on the road to this potential, many challenges will come and we must overcome them and move forward.

[Odohu]

Don't blame about DCA during the bearish moment because high risk with your investment assets and actually you need more patience waiting market recovery back to higher price learn more from the latest highest price and right now drop more than 60%.

If you are using the DCA method, you don't have to wait for market to recover, you don't even worry about what the price is doing because both upward and downward in price movement is still fine as the investment is made with the intention of holding it for a long term. What the DCA method care about is investing at regular interval of time. These analysis you gave are just stress in my opinion because the DCA method already solve that problem, just buy what you have planned to invest at every time and hold tight and in years to come, you will be happy with your investment and the decision you made which is to hold against all odds.

[Moreno233]

First we don't know when the price will go down or up, but keep in mind bitcoin tends to go up in price and if you wait for the price to go down to buy it seems like it's just delaying time, not to mention if for example now the price goes down and you buy it with all the money and the amount you have or even as you said with DCA but at that time the price is still likely to go down and it could be that what is done is not to maintain but to sell it at a lower price. And even if the situation is that we have small funds then it doesn't mean we can't buy, with the DCA it helps some people who want to invest with a relatively small amount.

No doubt, during bear market, those using the DCA method will gain more Bitcoin for the same amount of money they are injecting into the market than they will during bear market but from my experience, the difference is not always too wide that it will warrant an investor waiting for the bear market. In other words, on average, it is basically the same thing with the DCA method having the advantage of not allowing the investor to miss buying and also not giving in to FOMO that those waiting for the dips are exposed to which often lead to mistakes and regrets. Therefore, the DCA method is better than all the other speculative methods of accumulating Bitcoin, it solves the problem of speculating the price and bring the focus to acquiring and holding Bitcoin.

[Bigjoe33]

[edited out]

I think that those who believe the best way to go about getting into bitcoin is to wait for it to drop in price, are those who buy an apparent dip, perhaps at $50k when it came down from $70k, but then bitcoin keeps dropping and they sell again immediately at $45k because they they timed the market wrong. There are so many people in the forum preaching to buy the dip or in general to be able to spot the dip at all that I lose my mind when I see that. This is a thread about DCA and the whole purpose of DCA is to get in now! If bitcoin drops you get more BTC for you buck, if bitcoin goes up, whatever you bought before goes up in value and you get less BTC for the buck.

Now let's say a potential investor decides to do 52 weeks DCA to build a bag. It is the right decision either way. If bitcoin keeps dropping for 52 subsequent weeks, congratulations for the amount of BTC you could acquire. If Bitcoin goes up for 52 weeks, congratulations because the BTC you bought in week 1 and 2 and 3... 51 now all went up in value.

I understand that you are merely giving an example of a guy buying weekly for a whole year, yet I cannot understand too many examples where a guy would be able to establish enough of a position in bitcoin in 1 year, since investing seems to take a long time, even if a guy might be able to frontload by reallocating from other assets into bitcoin.

Sure, buying enough amount of Bitcoin within an investors first year of investment might not be easy and may seem a very difficult task to do. There could be several reasons that could limit that and trying to proclaim that it might be very possible might seem unrealistic.

Firstly, one year is just too small to do that, and an investor who just HODLs for a year is far from an investment mentality or to be called an investor. As an investor, one should be able at least to HODL for 4-10 years or more, and of course, within these years, you might not possibly be sure of meeting your set target of number of accumulated Bitcoin since sometimes, financial difficulties or larger expenses can make you cut down on your proposed weekly or monthly buys. There might also be emergencies that will also reduce your planned accumulation amount. So, even though you might have mapped out a particular amount for investment regularly, you may differ from it sometimes due to unforseen circumstances, and may not meet up.

It is best to gradually buy slowly as you can afford without pressure of over aggressiveness, having a long time plan

[Hardyrobust]

First we don't know when the price will go down or up, but keep in mind bitcoin tends to go up in price and if you wait for the price to go down to buy it seems like it's just delaying time, not to mention if for example now the price goes down and you buy it with all the money and the amount you have or even as you said with DCA but at that time the price is still likely to go down and it could be that what is done is not to maintain but to sell it at a lower price. And even if the situation is that we have small funds then it doesn't mean we can't buy, with the DCA it helps some people who want to invest with a relatively small amount.

No doubt, during bear market, those using the DCA method will gain more Bitcoin for the same amount of money they are injecting into the market than they will during bear market but from my experience, the difference is not always too wild that it will warrant an investor waiting for the bear market. In other words, on average, it usually it is basically the same thing with the DCA method having the advantage of not allowing the investor to miss buying and also not giving in to FOMO that those waiting for the dips are exposed to which often lead to mistakes and regrets.

It is not a good idea for an investor to wait for a bear market to occur before they can start buying bitcoin because they can predict or say for sure when the market is going to be bearish and how deep it will be when it eventually happens. Most of this people has set a fixed price that they consider is perfect entry point and they would continue waiting for a desired dip while still remaining a no or low coiner.
Waiting for a bear market to occur before buying bitcoin can only result to waste of time and most people may end up not buying at all because there desired dip may never occur and they will continue wallowing under the illusion that there desired dip will definitely occur and end up not investing in bitcoin.

[Pandorak]

(...)

First we don't know when the price will go down or up, but keep in mind bitcoin tends to go up in price and if you wait for the price to go down to buy it seems like it's just delaying time, not to mention if for example now the price goes down and you buy it with all the money and the amount you have or even as you said with DCA but at that time the price is still likely to go down and it could be that what is done is not to maintain but to sell it at a lower price. And even if the situation is that we have small funds then it doesn't mean we can't buy, with the DCA it helps some people who want to invest with a relatively small amount.

That’s exactly right, waiting for prices to drop before making a purchase comes with its own risks. One of them, as you mentioned and as those who use the “buy the dip” strategy often experience, is being unable to accurately predict prices. This is what often causes investors who use this strategy to become increasingly stressed, thinking the price has already hit bottom, only to find that it continues to fall to levels they never imagined.

For example, there is currently a lot of speculation that Bitcoin is highly likely to reach $45k, and many view that as the bottom of this cycle. However, if the price were to keep falling to an extreme level of $30k, wouldn’t that cause panic, this is what needs to be anticipated. With the DCA method, you don’t focus on Bitcoin’s price when making purchases, but rather on the available discretionary income.

[Derekfunds]

Correct me if wrong, DCA not always promising to earn much profitable profitable for strategy to invest in bitcoin exactly enter at the wrong moment, let me explain bit if you buy bitcoin trough DCA during bearish moment I believe you have been long term holder until right now how significant bitcoin movement from higher price to lower price. So lets change the way about investing in bitcoin enter at the right time during bullish moment and you can buy trough DCA or all in based on amount become your saving fund. So if you have small fund better saving in currency or fiat assets and buy back bitcoin later after have lower price.

Don't blame about DCA during the bearish moment because high risk with your investment assets and actually you need more patience waiting market recovery back to higher price learn more from the latest highest price and right now drop more than 60%.

I’m trying to piece together what you’re saying but to be honest it not really making any sense, how certain are you that it’ll eventually get to your intended dip before investing, let’s assume it doesn’t get to dip you’re waiting on I guess you’ll remain a no coiner a very long fucking time of waiting. If it’s a scenario whereby you’ve gotten to your over accumulation stage and you decide to keep on buying but using the dip strategy that’s way more considerable but the fact that you have not gotten to your over accumulation stage, you shouldn’t be fucking around with the idea of waiting for the dip.
Rather making use of the DCA strategy will ease you of the fear of missing out (FOMO) on buying opportunities and monitoring Bitcoin price every move. For now waiting on the dip shouldn’t be your priority because the DCA as well is multi purpose, as long as you’re constantly accumulating bitcoin, you’ll definitely buy the dip.

It is very obvious that anyone who is waiting for a perfect Dip or has budgeted a price they will purchase is not really serious to accumulate Bitcoin because no one can tell for certain where the price of the market will get to and when the price will get to that place or point. Some of these  people don't actually execute their plan even when market drop down to the price and point they anticipated for because I have a friend who have been saying he will accumulate when price drop to $65k now the price is way below the price and he has not purchased anything. That is why I said people who say this kind of thing are unserious people.

[Umulala-alala]

Correct me if wrong, DCA not always promising to earn much profitable profitable for strategy to invest in bitcoin exactly enter at the wrong moment, let me explain bit if you buy bitcoin trough DCA during bearish moment I believe you have been long term holder until right now how significant bitcoin movement from higher price to lower price. So lets change the way about investing in bitcoin enter at the right time during bullish moment and you can buy trough DCA or all in based on amount become your saving fund. So if you have small fund better saving in currency or fiat assets and buy back bitcoin later after have lower price.

Don't blame about DCA during the bearish moment because high risk with your investment assets and actually you need more patience waiting market recovery back to higher price learn more from the latest highest price and right now drop more than 60%.

I think your mindset is all about trading because it is mostly traders that are always trying to time the market in other to get the perfect entry point. The idea of waiting for the right time or for the market to be bullish has nothing to do with DCA strategy.
As long DCA strategy is concerned you don't have to wait for the price to be low before you can buy bitcoin. The moment you start waiting for the price to be low before you buy bitcoin then it is no longer DCA strategy but rather buy the dip strategy.

You should use the future days properly by following the Bitcoin DCA method. Because when you are just waiting for the dip to buy, you will only waste your time, because you should not be patient with time. If you should, then you can invest by following the DCA method, you do not have to wait for it to be patient in any way.
In all cases, holding Bitcoin by following the Bitcoin DCA method is the best and best plan. In both cases, this DCA method is the most suitable for investors, where they can definitely reach a better holding level and gain benefits by using this method.

I agree with you. Investing in the DCA method can be a good way for everyone. And if you can continue investing properly with patience, the chances of success increase after a long time. Many people invest a lot of money at once, but then panic due to price volatility.

But since the DCA method is invested with a small amount of discretionary income, in that case, there is not much panic mentally due to this price volatility. Even if the price of Bitcoin has dropped a lot, there is still a mindset of accumulation with the mindset of investing for a long time, so investors who follow the DCA method at this time can take this decrease in price as an opportunity and buy more Bitcoin at a lower price. So, considering all aspects, it can be understood that the DCA method is the best and most suitable of investment for everyone.

The dca strategy is a consistent way of buying bitcoin without waiting for the price to drop before buying, the dca strategy is not using small amount of discretionary income to invest with investor discretionary income defers so it can be done according to investors capability there are investors who uses big amount to dca regularly so saying that the dca strategy is using small amount to invest with means that if have big amount of discretionary income you can't dca it's wrong as any amount can go for dca depending on what the investor has as his discretionary income.