Does the DCA strategy inspire newbies to invest?

[laspol65]

DCA works with investments that have decently good chances to have an ongoingly upward price curve, such as bitcoin, yet it does not necessarily work with any of the shitcoins because an overwhelming majority of the shitcoins tend to be trades rather than investments, so DCAing is not necessarily a good idea with things that are trades, rather than investments.

In the case of Shitcoin, the DCA method is never effective, because Shitcoin has destructiveness. But Bitcoin is Bitcoin, there is no alternative, the longer you hold it, the more suitable it will be. These things are certainly easy to understand for everyone, the way you explain it is very clear for beginners.
So the longer Bitcoin is, the more profitable it will be. And the DCA method is the most effective in Bitcoin, moreover, this DCA method is not effective anywhere else. If the DCA method is followed in crypt, then that investor will lose all the capital.

[Barikui1]

maybe he was not investing with is discretionary income but a loan from the bank or lender and it's accumulating interest is above the capital because if he has investing with his discretionary income he will see bitcoin investment as an additional income to him

Before any Bitcoin investor will panic and sell all his holdings like that, it's because he has invested what he cannot afford to lose, because if he has invested what he can afford to lose, he will never react in such a way because he knows that even in the worst possible scenario, he would still be fine, but when he invest with what he cannot afford to lose, he will always be in a state of panic anytime his investment is not going as planned.

As for the bold words in your write up, I think that you are wrong to be taking your Bitcoin investment as an additional source of income. Bitcoin investment is not what will be making money for you weekly or monthly, it's meant to be held for a very long time, because it's an investment, and a store of value, not a source of income as you are proclaiming.

[Jody.Drummer]

This is the most suitable time, and you can invest in any situation if you follow the DCA method. As a result of following the Bitcoin DCA method, if you start investing weekly and continue to purchase Bitcoin for the future, your deposit will be created along with your Bitcoin investment. As a result, you will be able to invest in Bitcoin in any way, following the DCA method will create savings on the purchase price. So if someone invests Bitcoin correctly and moves forward into the future by following the DCA method for a long time, that person will be able to grow his portfolio.

For a normal investor, it may be almost impossible to find exact top or bottom of market and thus it is best to make small regular investments on weekly basis. I think best thing about a DCA plan is that you get to change your attitude from careless gambler to careful saver. If you are in market buying, you are going to bring down your average purchase price over time without it even coming to you. As long as a person keeps his/her weekly routine for couple of years, his/her total coin balance will be always growing. It is a steady way and surely safest way to earn big if you are seeking to build serious money in crypto without sleepless nights.

Not everyone has the same mindset. Many people have high levels of emotion, so even after doing DCA with discretionary income, many panic and sell when the price drops. I myself noticed something today. Today, after going to work, I found out from a colleague that his brother used to buy Bitcoin regularly. Suddenly, when he saw the price of Bitcoin dropping again, he got scared and sold everything. My colleague was saying that he had been very mentally unstable for the past few days. When he said that his brother used to buy Bitcoin regularly little by little, I immediately realized that he might have been doing DCA. But even after doing DCA, he sold it, I did not understand this. It may seem that he did not have a backup fund. But I am aware of their financial situation. The person my colleague was talking about was quite financially well. So there was no situation to sell Bitcoin to meet an urgent need. Still, he might have sold Bitcoin only out of fear. So I think that if the mindset is not strong, then it is really very difficult to hold Bitcoin.

Or maybe he was not investing with is discretionary income but a loan from the bank or lender and it's accumulating interest is above the capital because if he has investing with his discretionary income he will see bitcoin investment as an additional income to him and not a waste since it is for a long-term and you know that this are bound to happen even if he has not experience it before.

He will regret his actions later but then it will be too late, when investing in bitcoin we don't allow our emotions to control us.

It is a mistake when we invest using borrowed money, although this method can indeed be done but it is actually not recommended because it is better to use your own money which is precisely the discretionary income, besides that investing using borrowed money is like forcing yourself even though from another angle this can be overcome because you will get more money but anyway it is not recommended. The thing to consider is that investment in this case is better for the long term and using borrowed money seems like to get short-term benefits. Apart from that, it is better to make this investment by consistently purchasing it, so it is not possible to do it by consistently using borrowed money which means you have to keep borrowing to buy it, this is highly not recommended.

[Nheer]

Recently, a few shitcoins gave a big lesson to people who were always talking about them and having their share with scammer devs. Now it's time to keep yourself away from things like these and just keep an eye on Bitcoin because this is the only one that can bring a good return or also has a chance of keeping growing in the long run. I never encourage anyone about this because if someone wants to lose his hard-earned money, then surely he can keep an eye on these shits and keep losing.
 Recently, too many voices are around about the bearish trend, but I never go with them because I have enough confidence, and my strategy of keeping this in my wallet is helping me while my kids are surely going to enjoy this as well because now they are also taking interest in this and learning about how to keep things secure.

It's normal with shitcoins to get people scammed. People have heard and had experiences with shitcoins scamming people but they are still blinded by the possibility of making some profits which is not a good idea for investors. One of the most important quality an investor should have is to never have the mentality of a trader and never prioritize short time profits if they want to stay invested for long.
There's not single benefits with investing in shitcoins instead there's is more risk investing in them. First there is the risk of falling victim to a scam which could result in losing some or all of your investment then there is market risk where the shitcoins drop in value and find it difficult to rise back up. Investing in Bitcoin is far more safer and I would also not advise anyone to invest in any coin other than Bitcoin.

[Crakryptvest]

It is a mistake when we invest using borrowed money, although this method can indeed be done but it is actually not recommended because it is better to use your own money which is precisely the discretionary income, besides that investing using borrowed money is like forcing yourself even though from another angle this can be overcome because you will get more money but anyway it is not recommended. The thing to consider is that investment in this case is better for the long term and using borrowed money seems like to get short-term benefits. Apart from that, it is better to make this investment by consistently purchasing it, so it is not possible to do it by consistently using borrowed money which means you have to keep borrowing to buy it, this is highly not recommended.

Yea this can apply but not for a newbie and whoever that wants to borrow to invest in Bitcoin should do it having made provisions or plans available for the repayment and shouldn't put his hopes on his bitcon portfolio to repay the debt, first of all if an investor decides to borrow to invest in Bitcoin, such invest should be aware that he is dealing with a volatile asset that can increase and decrease unannounced and as a long-term investment, no one should add it to his or her loan repayment plan, every plan should be outside the investment itself, although it is not a good advice to borrow to invest in Bitcoin but in situation where everything is planned very well an put in place for a smooth repayment, it can be an option.

[Ishicryptic]

Recently, a few shitcoins gave a big lesson to people who were always talking about them and having their share with scammer devs. Now it's time to keep yourself away from things like these and just keep an eye on Bitcoin because this is the only one that can bring a good return or also has a chance of keeping growing in the long run. I never encourage anyone about this because if someone wants to lose his hard-earned money, then surely he can keep an eye on these shits and keep losing.
 Recently, too many voices are around about the bearish trend, but I never go with them because I have enough confidence, and my strategy of keeping this in my wallet is helping me while my kids are surely going to enjoy this as well because now they are also taking interest in this and learning about how to keep things secure.

It's normal with shitcoins to get people scammed. People have heard and had experiences with shitcoins scamming people but they are still blinded by the possibility of making some profits which is not a good idea for investors. One of the most important quality an investor should have is to never have the mentality of a trader and never prioritize short time profits if they want to stay invested for long.
There's not single benefits with investing in shitcoins instead there's is more risk investing in them. First there is the risk of falling victim to a scam which could result in losing some or all of your investment then there is market risk where the shitcoins drop in value and find it difficult to rise back up. Investing in Bitcoin is far more safer and I would also not advise anyone to invest in any coin other than Bitcoin.

Shitcoins are centralized scams which are no different from casinos but casinos are better than shitcoins in the sense that they don't give you false hope of hitting the jackpot when you stake your money which is what the hypes of these shitcoins are about. Doing DCA strategy on these shitcoins is the biggest mistake that any newbies can make, I want to believe that experienced investors in the crypto market should know better.

If you want to gamble your funds for quick profit I will say try your luck with investing your money in shitcoins but if you want to invest your money in a cryptocurrency that is decentralized and has proven that it is not a scam you should look no further than Bitcoin. Do your DCA strategy with money that you are comfortable to loose which should come out from your discretionary funds.

[Proty]

maybe he was not investing with is discretionary income but a loan from the bank or lender and it's accumulating interest is above the capital because if he has investing with his discretionary income he will see bitcoin investment as an additional income to him

Before any Bitcoin investor will panic and sell all his holdings like that, it's because he has invested what he cannot afford to lose, because if he has invested what he can afford to lose, he will never react in such a way because he knows that even in the worst possible scenario, he would still be fine, but when he invest with what he cannot afford to lose, he will always be in a state of panic anytime his investment is not going as planned.

As for the bold words in your write up, I think that you are wrong to be taking your Bitcoin investment as an additional source of income. Bitcoin investment is not what will be making money for you weekly or monthly, it's meant to be held for a very long time, because it's an investment, and a store of value, not a source of income as you are proclaiming.

Not investing with an discretionary funds can push an investor to sell there bitcoin while they are still on the accumulation phase.There are also other reasons why an investor can panick and sell his bitcoin before the planned timeline. Aside not investing with discretionary income, not having an emergency funds can also make an investor to sell there bitcoin when they never planned to do that. When an emergency occurs without an emergency funds an investor only options maybe to fall back to there bitcoin investment to meet up or fix the emergent situation.

[DubemIfedigbo001]

maybe he was not investing with is discretionary income but a loan from the bank or lender and it's accumulating interest is above the capital because if he has investing with his discretionary income he will see bitcoin investment as an additional income to him

As for the bold words in your write up, I think that you are wrong to be taking your Bitcoin investment as an additional source of income. Bitcoin investment is not what will be making money for you weekly or monthly, it's meant to be held for a very long time, because it's an investment, and a store of value, not a source of income as you are proclaiming.

You're very correct Barikui1, Bitcoin investment is an asset and not an additional income since you are not expected to spend it, neither are you expected to use it for your expenses or to pay back any loan. It's something you should hold for long. Treating Bitcoin like an income would see the investor end up trading in a bid to maximize their profits from it which is very bad. From their write-up, if the person collected the loan and invested into Bitcoin in a bid to pay back from the profits from his investment within a short while, then they're only gambling with their portfolio and such actions is unhealthy for their accumulation journey and might even see their portfolio depreciate instead of growing. Consistency in adding to your portfolio when discretionary income is available is better than trying to be unnecessarily smart and end up gambling with your portfolio.

[ultrloa]

Recently, a few shitcoins gave a big lesson to people who were always talking about them and having their share with scammer devs. Now it's time to keep yourself away from things like these and just keep an eye on Bitcoin because this is the only one that can bring a good return or also has a chance of keeping growing in the long run. I never encourage anyone about this because if someone wants to lose his hard-earned money, then surely he can keep an eye on these shits and keep losing.
 Recently, too many voices are around about the bearish trend, but I never go with them because I have enough confidence, and my strategy of keeping this in my wallet is helping me while my kids are surely going to enjoy this as well because now they are also taking interest in this and learning about how to keep things secure.

It's normal with shitcoins to get people scammed. People have heard and had experiences with shitcoins scamming people but they are still blinded by the possibility of making some profits which is not a good idea for investors. One of the most important quality an investor should have is to never have the mentality of a trader and never prioritize short time profits if they want to stay invested for long.
There's not single benefits with investing in shitcoins instead there's is more risk investing in them. First there is the risk of falling victim to a scam which could result in losing some or all of your investment then there is market risk where the shitcoins drop in value and find it difficult to rise back up. Investing in Bitcoin is far more safer and I would also not advise anyone to invest in any coin other than Bitcoin.

Shitcoins are centralized scams which are no different from casinos but casinos are better than shitcoins in the sense that they don't give you false hope of hitting the jackpot when you stake your money which is what the hypes of these shitcoins are about. Doing DCA strategy on these shitcoins is the biggest mistake that any newbies can make, I want to believe that experienced investors in the crypto market should know better.

If you want to gamble your funds for quick profit I will say try your luck with investing your money in shitcoins but if you want to invest your money in a cryptocurrency that is decentralized and has proven that it is not a scam you should look no further than Bitcoin. Do your DCA strategy with money that you are comfortable to loose which should come out from your discretionary funds.

And much better to avoid with it, since there's nothing to look forward if people look up for long term investment with those shitcoins. They provably just wating their money if they choose to risk their capital with those risky coins. Also they are bad option, since by it means they are risky those coins are not ideal to hold. So much better stop thinking about diversification if the one they are looking at is the shitcoins only.

Much better if they focus their attention on BTC, since this is far away more better than those shitcoins. If they look at the situation on cryptocurrencies scene, Bitcoin is the one well adopted or used by many people.

[BluebloodCXVI]

You are right Bitcoin is entirely different from Crypto and so is Crypto different from Bitcoin. Bitcoin is a unique and it is a digital asset with great potentials and it has the ability to surge in the future and that is why we are advised to always ensure to accumulate and hold for the long term because the real nature and potential of Bitcoin can be seen in the long term but yet traders still try to outsmart the market and sometimes they end up messing up themselves.

Don’t get it twisted @Showlove01. Crypto is a short form for cryptocurrency and Bitcoin happens to also be a cryptocurrency even though there are other cryptocurrencies like ETH and SOL. But in this threads we always prefer to refer to Bitcoin simply as Bitcoin and not generalize it by using the term “Crypto” so as to avoid confusion or putting other coins on the same level as Bitcoin because we all know that Bitcoin is a far more superior in every way than the others but it’s still a cryptocurrency regardless.

Yes, we never have to worry about the market, we just have to buy consistently through the DCA method. The market is in a dump situation right now, but we should never be afraid of it, but we should try to buy more at this time, because the amount of Satoshi we get for $50 right now, when Bitcoin pumps again later, we will not get the same amount of Satoshi for the same $50, so we should try to buy more at this time, so we can make better profits in the future. The main point of DCA is that the longer you continue the investing and hold it, the greater your chances of success will be.

It seems to me that you’re mixing up DCA and buying the Dip; they are not the same thing. The real DCA is more about sticking to a fixed plan no matter what the market is doing at that moment, and not just adjusting your buys based on price movements in the bitcoin market. Certainly Bitcoin has rewarded long term holder in the past but the ride hasn’t always been smooth or predictable so for me the real power of DCA is less about catching dips and more about staying consistent long enough to let time do its thing, without overthinking every market move.

[Finebone]

Much better if they focus their attention on BTC, since this is far away more better than those shitcoins. If they look at the situation on cryptocurrencies scene, Bitcoin is the one well adopted or used by many people.

Apart from ignorance and greed, I see no reason a sane person will risk his hard earned money on shit coin that has proven to be untrustworthy.
They blindly invest so much in them with the hope of getting rich quickly, or with the hopes of making 20-100x, without knowing that they can lose everything in the process, because shit coin has proven to be unreliable, and they have that harbit of falling more than they rise, so those that invested in them blindly will only learn their lessons the hard way when they have been burnt.

[Odohu]

DCA works with investments that have decently good chances to have an ongoingly upward price curve, such as bitcoin, yet it does not necessarily work with any of the shitcoins because an overwhelming majority of the shitcoins tend to be trades rather than investments, so DCAing is not necessarily a good idea with things that are trades, rather than investments.

In the case of Shitcoin, the DCA method is never effective, because Shitcoin has destructiveness. But Bitcoin is Bitcoin, there is no alternative, the longer you hold it, the more suitable it will be. These things are certainly easy to understand for everyone, the way you explain it is very clear for beginners.
So the longer Bitcoin is, the more profitable it will be. And the DCA method is the most effective in Bitcoin, moreover, this DCA method is not effective anywhere else. If the DCA method is followed in crypt, then that investor will lose all the capital.

This is not point bringing shitcons into her discussion sine we all know that investing in shotcoins is just unnecessary gambling and applying the DCA method in shitcoin investment is like building on nothing. Shitcoins are infamous for dying with time, using the DCA method that encourages holding and more accumulation is a waste for such asset.

It is therefore important to maintain the discussion in Bitcoin to avoid distractions because the more we digress into shitcoins discussion, the more we add legitimacy to them and that will arouse the curiosity of newer investors and they will be tempted to give them a try. We know where this will end, and we don't want that to happen.

[ChocolateBitcoinK]

Much better if they focus their attention on BTC, since this is far away more better than those shitcoins. If they look at the situation on cryptocurrencies scene, Bitcoin is the one well adopted or used by many people.

Apart from ignorance and greed, I see no reason a sane person will risk his hard earned money on shit coin that has proven to be untrustworthy.
They blindly invest so much in them with the hope of getting rich quickly, or with the hopes of making 20-100x, without knowing that they can lose everything in the process, because shit coin has proven to be unreliable, and they have that harbit of falling more than they rise, so those that invested in them blindly will only learn their lessons the hard way when they have been burnt.

Those who are investing in such shit coins with such expectations are basically gambling, investing in shit coins is completely like gambling, because their future is more likely to be dark. Shit coins are only created to deceive, they will disappear after some time, and those who will invest in these coins greedily, their hard-earned money will also disappear after some time, and then they will have nothing else to do. So instead of chasing such shit coins, invest in long-term reliable Bitcoin, it can give you a lot of good in the long run.

[The Founding Titan]

DCA works with investments that have decently good chances to have an ongoingly upward price curve, such as bitcoin, yet it does not necessarily work with any of the shitcoins because an overwhelming majority of the shitcoins tend to be trades rather than investments, so DCAing is not necessarily a good idea with things that are trades, rather than investments.

In the case of Shitcoin, the DCA method is never effective, because Shitcoin has destructiveness. But Bitcoin is Bitcoin, there is no alternative, the longer you hold it, the more suitable it will be. These things are certainly easy to understand for everyone, the way you explain it is very clear for beginners.
So the longer Bitcoin is, the more profitable it will be. And the DCA method is the most effective in Bitcoin, moreover, this DCA method is not effective anywhere else. If the DCA method is followed in crypt, then that investor will lose all the capital.

It's better to not even talk about shitcoins here at all, this is a thread about investing in bitcoin using the DCA after all and how it can inspire newbies to invest, the more people keep using terms than can mislead these newbies the more the chances of them paying attention to shitcoins increase, better to use bitcoin when talking about bitcoin and cut down on non bitcoin investment related term in this thread.

[PhilosopherKing]

DCA works with investments that have decently good chances to have an ongoingly upward price curve, such as bitcoin, yet it does not necessarily work with any of the shitcoins because an overwhelming majority of the shitcoins tend to be trades rather than investments, so DCAing is not necessarily a good idea with things that are trades, rather than investments.

In the case of Shitcoin, the DCA method is never effective, because Shitcoin has destructiveness. But Bitcoin is Bitcoin, there is no alternative, the longer you hold it, the more suitable it will be. These things are certainly easy to understand for everyone, the way you explain it is very clear for beginners.
So the longer Bitcoin is, the more profitable it will be. And the DCA method is the most effective in Bitcoin, moreover, this DCA method is not effective anywhere else. If the DCA method is followed in crypt, then that investor will lose all the capital.

Shtcoin don't have value and it is needless and pointless for person to be using the DCa for shitcoin. Shitcoin does not last long before it is abadoned and replaced by another . And DCa is an ongoing accumulation strategy that is use for long time investing,and because of that, DCa works very well in something that will have value and relevance in plenty years from now ,

That's is why it work for bitcoin, because bitcoin is different from all of them and it has a chance of increasing in value in  4 to10years time .

[Shineup]

Much better if they focus their attention on BTC, since this is far away more better than those shitcoins. If they look at the situation on cryptocurrencies scene, Bitcoin is the one well adopted or used by many people.

Apart from ignorance and greed, I see no reason a sane person will risk his hard earned money on shit coin that has proven to be untrustworthy.
They blindly invest so much in them with the hope of getting rich quickly, or with the hopes of making 20-100x, without knowing that they can lose everything in the process, because shit coin has proven to be unreliable, and they have that harbit of falling more than they rise, so those that invested in them blindly will only learn their lessons the hard way when they have been burnt.

One of the problem I see with people dealing with shit coins is that they put their value in to it way too much and in some cases much more that they can handle in the case of lose, they are carried away with the eagerness of making quick money, anything that has to do quick money promises comes with higher risk, some has this awareness and chose to ignore it but yet I will always suggest that if the temptations of shit coins is too much putting less value will be better especially compared to what you can have with Bitcoin.

[Showlove01]

DCA works with investments that have decently good chances to have an ongoingly upward price curve, such as bitcoin, yet it does not necessarily work with any of the shitcoins because an overwhelming majority of the shitcoins tend to be trades rather than investments, so DCAing is not necessarily a good idea with things that are trades, rather than investments.

In the case of Shitcoin, the DCA method is never effective, because Shitcoin has destructiveness. But Bitcoin is Bitcoin, there is no alternative, the longer you hold it, the more suitable it will be. These things are certainly easy to understand for everyone, the way you explain it is very clear for beginners.
So the longer Bitcoin is, the more profitable it will be. And the DCA method is the most effective in Bitcoin, moreover, this DCA method is not effective anywhere else. If the DCA method is followed in crypt, then that investor will lose all the capital.

It's better to not even talk about shitcoins here at all, this is a thread about investing in bitcoin using the DCA after all and how it can inspire newbies to invest, the more people keep using terms than can mislead these newbies the more the chances of them paying attention to shitcoins increase, better to use bitcoin when talking about bitcoin and cut down on non bitcoin investment related term in this thread.

Shitcoin is not really something we should talk about because majority of it are scam and some of them once they Dip there's no rising anymore so people who are talking about shitcoin are people that want to take risk, lose money, trade etc. rolling with shitcoin can be seen as a waste because the chances or tendency of making something from it, is very low and some newbie went to purchase it because they lack knowledge to differentiate between shitcoin and Bitcoin.