Does the DCA strategy inspire newbies to invest?

[Jatiluhung]

Yes it does and will continue to inspire newbies and others to  using dca to invest.

DCA is the only strategy that works for everybody irrespective of who you are either old or new and where you come from because it doesn't need too much to to start investing but little by little starting from $10 and above daily, weekly or monthly as long as your discretionary income is there to buy Bitcoin

Anything that is bringing out profit always encourage others investors and traders to try the investmen and trading, because they believe it will help them to earn profit that will make them wealthy in the future. DCA strategy is not the only strategy in the industry but the strategy is the most reliable strategy investors and hodlers use to achieve the purposes of using BTC investment and trade to secure their goal.

When you conclude to use what you can afford to lose in BTC investment, it will help you to improve in the future because you will be seeing some mistakes of other investors and traders not to follow what cause them lost.

It is wrong to think that DCA strategy brings out profit or the reason why people are using dca strategy is because of profits. The DCA strategy isn't about profit as you are thinking. The DCA strategy has advantages over the other two strategies like you can buy bitcoin at any price without having to time the market, also with the DCA strategy you don't need to have a lump sum before you can start accumulating bitcoin. So the motive why investors use DCA strategy isn't to bring out profit but rather the strategy act as a hedge against bitcoin volatility since the investor will be buying bitcoin at different prices.

DCA can only be done by those who have sufficient income to cover their living expenses and have money left over after all their needs are met. This allows them to set aside funds for regular Bitcoin investments, whether monthly or weekly. DCA is done with the goal of long-term investing, and of course, ultimately, all investments aim to generate future profits. You might not see those profits right now, especially if you started in a bull market and are now continuing to DCA in a bear market and the value of your portfolio has certainly declined. However, DCA users aren’t overly concerned about short-term price movements, because those who practice DCA truly believe in Bitcoin’s immense future potential. And through DCA, you can sometimes achieve a better average purchase price. But that’s not the original goal. DCA is simply one investment method that reduces the stress of constantly monitoring the market and searching for the best price. DCA is carried out routinely and consistently over the long term.

[KeenanEl19]

It is wrong to think that DCA strategy brings out profit or the reason why people are using dca strategy is because of profits. The DCA strategy isn't about profit as you are thinking. The DCA strategy has advantages over the other two strategies like you can buy bitcoin at any price without having to time the market, also with the DCA strategy you don't need to have a lump sum before you can start accumulating bitcoin. So the motive why investors use DCA strategy isn't to bring out profit but rather the strategy act as a hedge against bitcoin volatility since the investor will be buying bitcoin at different prices.

Basically, DCA is better done consistently, which means in the long term so it is not fixated on quick profits or as you say making profits which may indeed be profitable but in the long term not in the short term. In addition, DCA is also done without being affected by prices, because this is done with a time that has been determined by us as well as the funds themselves with the amount that has been determined also in the purchase.

This DCA strategy is one of the popular strategies that is also highly recommended to start investing whether for beginners or experienced ones. Apart from depending on us who determine when the time and how much to accumulate this also makes it easier for us to start because as you said it is true that it does not require a large amount to start.

[PhilosopherKing]

Yes it does and will continue to inspire newbies and others to  using dca to invest.

DCA is the only strategy that works for everybody irrespective of who you are either old or new and where you come from because it doesn't need too much to to start investing but little by little starting from $10 and above daily, weekly or monthly as long as your discretionary income is there to buy Bitcoin

Anything that is bringing out profit always encourage others investors and traders to try the investmen and trading, because they believe it will help them to earn profit that will make them wealthy in the future. DCA strategy is not the only strategy in the industry but the strategy is the most reliable strategy investors and hodlers use to achieve the purposes of using BTC investment and trade to secure their goal.

When you conclude to use what you can afford to lose in BTC investment, it will help you to improve in the future because you will be seeing some mistakes of other investors and traders not to follow what cause them lost.

It is wrong to think that DCA strategy brings out profit or the reason why people are using dca strategy is because of profits. The DCA strategy isn't about profit as you are thinking. The DCA strategy has advantages over the other two strategies like you can buy bitcoin at any price without having to time the market, also with the DCA strategy you don't need to have a lump sum before you can start accumulating bitcoin. So the motive why investors use DCA strategy isn't to bring out profit but rather the strategy act as a hedge against bitcoin volatility since the investor will be buying bitcoin at different prices.

There is no guarantee that person will make profit even when they make use of the DCa. The reason for dc is so that person can be ongoingly buying for the long time so they will not be waiting and be timing before they buy. Bitcoin is not fast profit making agenda and that is why it would be very hard for person to even go far in bitcoin and build up their stash if that person is very obsessed with making profit by all means.

The goal in bitcoin should always be to first ongoingly build up your stash and then after that you can begin to be thinking of profit later after that .

[Tongley]

DCA can only be done by those who have sufficient income to cover their living expenses and have money left over after all their needs are met. This allows them to set aside funds for regular Bitcoin investments, whether monthly or weekly. DCA is done with the goal of long-term investing, and of course, ultimately, all investments aim to generate future profits. You might not see those profits right now, especially if you started in a bull market and are now continuing to DCA in a bear market and the value of your portfolio has certainly declined. However, DCA users aren’t overly concerned about short-term price movements, because those who practice DCA truly believe in Bitcoin’s immense future potential. And through DCA, you can sometimes achieve a better average purchase price. But that’s not the original goal. DCA is simply one investment method that reduces the stress of constantly monitoring the market and searching for the best price. DCA is carried out routinely and consistently over the long term.

Every person needs to continue investing with his discretionary income source or the right decision. Even if a person uses any method other than the DCA method, he will have to invest through his discretionary income. If a person invests outside the discretionary income, then he will definitely not be able to hold his money in the long term or he will not be able to hold it until the end of his term.

But yes, every investment method is good. But compared to all other investment methods, we get more benefits from the DCA method. For example, continuing to invest without the pressure of determining the market price to buy, it creates an opportunity to buy at the average purchase price.

[arwin100]

Anything that is bringing out profit always encourage others investors and traders to try the investmen and trading, because they believe it will help them to earn profit that will make them wealthy in the future. DCA strategy is not the only strategy in the industry but the strategy is the most reliable strategy investors and hodlers use to achieve the purposes of using BTC investment and trade to secure their goal.

When you conclude to use what you can afford to lose in BTC investment, it will help you to improve in the future because you will be seeing some mistakes of other investors and traders not to follow what cause them lost.

It is wrong to think that DCA strategy brings out profit or the reason why people are using dca strategy is because of profits. The DCA strategy isn't about profit as you are thinking. The DCA strategy has advantages over the other two strategies like you can buy bitcoin at any price without having to time the market, also with the DCA strategy you don't need to have a lump sum before you can start accumulating bitcoin. So the motive why investors use DCA strategy isn't to bring out profit but rather the strategy act as a hedge against bitcoin volatility since the investor will be buying bitcoin at different prices.

Right because DCA itself is not been design to generate profit to those people using it, but rather this is just a strategy to be used by people for risk management purposes.

What good about DCA is it takes out those stressful situation or pressure for waiting for market to dump and this strategy also make people realize that they can accumulate anytime as long as they have funds to use.

What's also good about DCA is people basically hedging against volatility and they can avoid doing emotional decision with their accumulated funds.

[Crypto Library]

DCA can only be done by those who have sufficient income to cover their living expenses and have money left over after all their needs are met. This allows them to set aside funds for regular Bitcoin investments, whether monthly or weekly. DCA is done with the goal of long-term investing, and of course, ultimately, all investments aim to generate future profits. You might not see those profits right now, especially if you started in a bull market and are now continuing to DCA in a bear market and the value of your portfolio has certainly declined. However, DCA users aren’t overly concerned about short-term price movements, because those who practice DCA truly believe in Bitcoin’s immense future potential. And through DCA, you can sometimes achieve a better average purchase price. But that’s not the original goal. DCA is simply one investment method that reduces the stress of constantly monitoring the market and searching for the best price. DCA is carried out routinely and consistently over the long term.

Even this is true that for the DCA investment you have to be a sufficient income where you will also easily run your living expenses and then a short portion from that you could also invest in DCA investment.

However, having sufficient income does not mean that we have to earn five or four thousand a month. Even if someone's income is $400 a month and if he wants to, after deducting all his expenses, then he can invest in Bitcoin as DCA, that is also possible because in my country, those who earn $400 a month also have savings of five thousand taka at the end of the month and from that they make a fixed deposit in the bank. I think it is much better to invest in Bitcoin with a long-term strategy, at least for four years, rather than making a fixed deposit in the bank. And even if he invests $30 to $40 in Bitcoin on a weekly or monthly basis, I think that small amounts will eventually turn into very large amounts.