Does the DCA strategy inspire newbies to invest?

[johnsaributua]

Yes, the DCA method is very great when it comes to Bitcoin investment because it allows us buy amount we can afford to sort out as a discrestionary income and it also give the privilege to accumulate regardless of the market phase or price because before now people use to ask and complain about the price of Bitcoin being too high or not going in the direction they want but when using the DCA method with a long term mindset, one don't need to worry about these things.

I think that all parties who want to invest in Bitcoin still use the DCA strategy because this strategy is very easy for all groups, both those who are just starting out and also for those who are regular in accumulating the amount that is accumulated, it does not have to be a large amount, meaning that as long as we have the intention to start, of course, even with a small amount, we can invest in Bitcoin, so this is very helpful for those who sometimes have very limited income that they get, whether it is every week or so, with this strategy, I think it is very easy for anyone who wants to arrive without a benchmark to do in investing in Bitcoin.

[icebar]

Two things are involve here, if someone is too aggressive when there is Dip to the point they invest all their discretionary income they won't have a discrestionary income again to invest for the time being unless they have a source of income that will give them discretionary income ASAP and the other one is that they will have a good fraction of Bitcoin because they want all in and since it is what they can afford to lose I don't think there is a cause for alarm.

This is why folk shouldn't be over aggressive because it would be difficult to sustain for the long term instead they should buy according to their capabilities rather than buying beyond what they can't handle. This is  because buying over aggressive is gambling and anyone doing so is an actual gambler. Folks shouldn't invest beyond their discretionary income if something goes wrong or things doesn't work as planned they will definitely tamper with their bitcoin investment. Folks should only use money they can afford to lose for their bitcoin investment.

You are right. Those who buy Bitcoin overly aggressively weaken their Bitcoin holdings. Buying Bitcoin overly aggressively means buying Bitcoin with the money they need. So, the goal of Bitcoin accumulation should be to gradually strengthen their Bitcoin holdings with discretionary income. There are many who buy Bitcoin over aggressively when the price of Bitcoin drops, but changing their DCA amount based on short-term price movements may not have a positive impact on their Bitcoin holdings in the long run. You can invest aggressively in Bitcoin from your discretionary income. The key is to DCA with an amount that does not create financial pressure.

[Xackie]

Actually there's no need comparing holding $10 worth of Bitcoin weekly and trading $1000 daily because the dividend of holding Bitcoin has always spoken loudest. Trading $1000 daily can mean more losses per month than profit that it will bring compared to investing $10  per week that is more loaded for profit in the long run than the daily venture.
Now think of investing $1000 weekly to trading $1000 daily? The difference is just not comparable.

Dude, while you talk about how good Bitcoin investment can be do no forget the fact that $1000 is by far bigger than $10 and do you know how many weeks or months it will take you to accumulate $1000 dollar using $10 weekly? When you make comparison try to check the weight  and worth of what you are comparing so it doesn't look too good to be true. And sometimes we should not compare Bitcoin investment and trading because there are folks out there that are making profit especially those that Influence the market.

You misunderstand what the other Obulis guy is saying, and it is because you didn't even read it well. The guy said that there is more gain when person ongoingly invest $10 in bitcoin than for them to be fucking around trading $1000 daily. The risk of having losses in trading is very high so it dosen't matter how high person trading amount is, the losses can still happen. This is why it is better that person just focus on ongoingly investing in bitcoin using what they can afforded to loose. There is nothing bad if they start small with as little as $10 and increase the amount along the way.

There's no amount of money a person will use as a capital to start bitcoin trading that would justify it not assure him of having a cumulative gain at the end. Bitcoin trading is risky and the more you bring in capital, the more you loose it all. You can choose a suitable DCA approach and give your self an initial accumulation target. Whenever you're buying aggressively, you have to consider your financial capacity and be sure that you are not buying aggressively because you don't want to miss the dip but because you have an additional discretionary income that you can spare in bitcoin in addition to your regular DCA approach.

The mistake that some people make is that they sometimes buy under the influence of FOMO and still deny buying under FOMO whereas in a short time, they run into financial issues that would make them cut short their initial HODLing target. Being aggressive is good, but doing it within your financial capacity is the best.

I think you're not understanding what it means to be aggressive in your buys. Aggressiveness has nothing to do with buying beyond your capacity and you don't necessarily need additional discretionary income to buy aggressively. Buying aggressively is putting in a bigger percentage of your discretionary income to buying Bitcoin. It's still done from the same discretionary income. Someone who used 70% of his discretionary income to buy Bitcoin is more aggressive than another who uses 50% of his discretionary income to buy Bitcoin. If an investor has finished building his backup funds, he can go as aggressive as using 70% of his discretionary income to keep buying Bitcoin while his emergency fund still remains intact.

The main problem is overaggressiveness which is buying Bitcoin beyond your discretionary income and it's not advised since there's every possibility the investor is using funds meant for his expenses as well in purchasing Bitcoin and this puts their portfolio in danger when the need to attend to those expenses arises.

You absolutely nailed it. Investors should be able to know the difference between safe aggressiveness and unsafe/risky aggressiveness (or over aggressiveness). Mistake people makes is when they judge investors by how much they use to invest instead of looking at the person’s overall financial situation. A and B can invest into Bitcoin with the same amount, but the level of risk they are taking can be different base on their income level, Expenses and responsibilities.
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 If A is receiving around $4k per month after tax , Then he can decide to use $400-500 to invest using DCA. Let's say later on he he noticed that after sorting out bills, savings and other important stuff he still have around $80-$150 remaining, he can use that to increase his Discretionary income to accumulate aggressive (not risky) .
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 B on the other hand earns $3k per month , he decided to invest $400-$500 per month whereby he is unable able to to sort out his important bills yet he decides to increase his Discretionary income aggressively (risky). That can put him in a situation whereby he will have no choice but to touch his bitcoin. The important thing is for investors to have proper financial planning so that they won't do beyond their capabilities.

[ZeroVinsonN]

Two things are involve here, if someone is too aggressive when there is Dip to the point they invest all their discretionary income they won't have a discrestionary income again to invest for the time being unless they have a source of income that will give them discretionary income ASAP and the other one is that they will have a good fraction of Bitcoin because they want all in and since it is what they can afford to lose I don't think there is a cause for alarm.

This is why folk shouldn't be over aggressive because it would be difficult to sustain for the long term instead they should buy according to their capabilities rather than buying beyond what they can't handle. This is  because buying over aggressive is gambling and anyone doing so is an actual gambler. Folks shouldn't invest beyond their discretionary income if something goes wrong or things doesn't work as planned they will definitely tamper with their bitcoin investment. Folks should only use money they can afford to lose for their bitcoin investment.

You are right. Those who buy Bitcoin overly aggressively weaken their Bitcoin holdings. Buying Bitcoin overly aggressively means buying Bitcoin with the money they need. So, the goal of Bitcoin accumulation should be to gradually strengthen their Bitcoin holdings with discretionary income. There are many who buy Bitcoin over aggressively when the price of Bitcoin drops, but changing their DCA amount based on short-term price movements may not have a positive impact on their Bitcoin holdings in the long run. You can invest aggressively in Bitcoin from your discretionary income. The key is to DCA with an amount that does not create financial pressure.

Being aggressive isn't wrong as long as you don't overdo it, what ever we do we should ensure to buy bitcoin only with our discretionary income, buying outside of your discretionary income pushes us off the path of an investor towards to path of trading and trading with bitcoin is never a good idea.
The only way to be able to buy and HODL bitcoin successfully you need to do it with your discretionary income and also be sure to set up your backup funds and not buy with more than you can tolerate, a smart investor will invest at his own pace.

[Alonso_]

Two things are involve here, if someone is too aggressive when there is Dip to the point they invest all their discretionary income they won't have a discrestionary income again to invest for the time being unless they have a source of income that will give them discretionary income ASAP and the other one is that they will have a good fraction of Bitcoin because they want all in and since it is what they can afford to lose I don't think there is a cause for alarm.

This is why folk shouldn't be over aggressive because it would be difficult to sustain for the long term instead they should buy according to their capabilities rather than buying beyond what they can't handle. This is  because buying over aggressive is gambling and anyone doing so is an actual gambler. Folks shouldn't invest beyond their discretionary income if something goes wrong or things doesn't work as planned they will definitely tamper with their bitcoin investment. Folks should only use money they can afford to lose for their bitcoin investment.

You are right. Those who buy Bitcoin overly aggressively weaken their Bitcoin holdings. Buying Bitcoin overly aggressively means buying Bitcoin with the money they need. So, the goal of Bitcoin accumulation should be to gradually strengthen their Bitcoin holdings with discretionary income. There are many who buy Bitcoin over aggressively when the price of Bitcoin drops, but changing their DCA amount based on short-term price movements may not have a positive impact on their Bitcoin holdings in the long run. You can invest aggressively in Bitcoin from your discretionary income. The key is to DCA with an amount that does not create financial pressure.

Being aggressive isn't wrong as long as you don't overdo it, what ever we do we should ensure to buy bitcoin only with our discretionary income, buying outside of your discretionary income pushes us off the path of an investor towards to path of trading and trading with bitcoin is never a good idea.
The only way to be able to buy and HODL bitcoin successfully you need to do it with your discretionary income and also be sure to set up your backup funds and not buy with more than you can tolerate, a smart investor will invest at his own pace.

You can be aggressive as much as you want, but what is more important is doing it the right way, doing the right things, so you aren’t overly over aggressive, which is why you have to be aggressive with caution, and know your limits when to stop, and when to keep being aggressive so you don’t get yourself into trouble with your bitcoin investments portfolio.

Trading are for people who are mostly interested in trading of bitcoin as an assets and people who are also only interested in short term investments.

[impulse709]

Two things are involve here, if someone is too aggressive when there is Dip to the point they invest all their discretionary income they won't have a discrestionary income again to invest for the time being unless they have a source of income that will give them discretionary income ASAP and the other one is that they will have a good fraction of Bitcoin because they want all in and since it is what they can afford to lose I don't think there is a cause for alarm.

This is why folk shouldn't be over aggressive because it would be difficult to sustain for the long term instead they should buy according to their capabilities rather than buying beyond what they can't handle. This is  because buying over aggressive is gambling and anyone doing so is an actual gambler. Folks shouldn't invest beyond their discretionary income if something goes wrong or things doesn't work as planned they will definitely tamper with their bitcoin investment. Folks should only use money they can afford to lose for their bitcoin investment.

You are right. Those who buy Bitcoin overly aggressively weaken their Bitcoin holdings. Buying Bitcoin overly aggressively means buying Bitcoin with the money they need. So, the goal of Bitcoin accumulation should be to gradually strengthen their Bitcoin holdings with discretionary income. There are many who buy Bitcoin over aggressively when the price of Bitcoin drops, but changing their DCA amount based on short-term price movements may not have a positive impact on their Bitcoin holdings in the long run. You can invest aggressively in Bitcoin from your discretionary income. The key is to DCA with an amount that does not create financial pressure.

I do believe that if they are aggressive or conservative it isn't as important as the money coming from discretionary income. A DCA plan should be applicable for a long term and not in the short term during market dips. Many investors new to trading stocks fall into the trap of buying more when prices are low, only to cut back their investments later when they don't have enough money left to invest. The consistent DCA quantity establishes self-control and eliminates emotional choices. When you have more money to play with in a downturn, it's okay to invest a bit more, but don't do it in such a way that it is stressful for you or that you feel you have to sell your bitcoins when they aren't worth as much.

[Akaenyi]

Two things are involve here, if someone is too aggressive when there is Dip to the point they invest all their discretionary income they won't have a discrestionary income again to invest for the time being unless they have a source of income that will give them discretionary income ASAP and the other one is that they will have a good fraction of Bitcoin because they want all in and since it is what they can afford to lose I don't think there is a cause for alarm.

This is why folk shouldn't be over aggressive because it would be difficult to sustain for the long term instead they should buy according to their capabilities rather than buying beyond what they can't handle. This is  because buying over aggressive is gambling and anyone doing so is an actual gambler. Folks shouldn't invest beyond their discretionary income if something goes wrong or things doesn't work as planned they will definitely tamper with their bitcoin investment. Folks should only use money they can afford to lose for their bitcoin investment.

You are right. Those who buy Bitcoin overly aggressively weaken their Bitcoin holdings. Buying Bitcoin overly aggressively means buying Bitcoin with the money they need. So, the goal of Bitcoin accumulation should be to gradually strengthen their Bitcoin holdings with discretionary income. There are many who buy Bitcoin over aggressively when the price of Bitcoin drops, but changing their DCA amount based on short-term price movements may not have a positive impact on their Bitcoin holdings in the long run. You can invest aggressively in Bitcoin from your discretionary income. The key is to DCA with an amount that does not create financial pressure.

The fact is that buying Bitcoin with all your discretionary funds at any point of accumulation is not a good buying strategy because there should be other wants like emergency funds that falls into the discretionary funds. Buying Bitcoin aggressively shouldn't be a problem if you have sufficient discretionary funds and you are able to minimize other discretionary wants inorder to increase funds to buy aggressively. I think that it is better to have a particular amount for accumulation that you are comfortable to part with to accumulate Bitcoin. If your discretionary funds increases you can increase accumulation amount, if your income decreases you can reduce the accumulation amount, no need to put pressure on your accumulation.

[Ashawowo(OS)]

Trading are for people who are mostly interested in trading of bitcoin as an assets and people who are also only interested in short term investments.

We are not discussing trading in this thread and an asset is something that is held for longer and not given away easily unlike the traders and gamblers who give away their BTC  too cheaply and are not treating bitcoin as an asset at all, they're only giving out a lot of the assets too freely and making a mess of their portfolio.

Bitcoin is an asset which should be held for the long-term, investors should be more inclined to holding bitcoin for a long time and not targeting short-term profits due to greed or bad cash-flow management practice which might make them sell off their bitcoin to make amends.
Targeting short-term profits is not the best in bitcoin, such would result to selling off much of your stash too soon and you would end up with fewer or no bitcoin at all on the long-run and most people who gambled with their bitcoin are in regrets now for gambling with bitcoin when they should be accumulating it.

Investors should take up good strategies like DCA to continuously follow up their investment journey to stack up more bitcoin rather than trading it and depleting your portfolio when they should be growing it and getting ahead in your investment journey.

[Razmirraz]

Yes, the DCA method is very great when it comes to Bitcoin investment because it allows us buy amount we can afford to sort out as a discrestionary income and it also give the privilege to accumulate regardless of the market phase or price because before now people use to ask and complain about the price of Bitcoin being too high or not going in the direction they want but when using the DCA method with a long term mindset, one don't need to worry about these things.

I think that all parties who want to invest in Bitcoin still use the DCA strategy because this strategy is very easy for all groups, both those who are just starting out and also for those who are regular in accumulating the amount that is accumulated, it does not have to be a large amount, meaning that as long as we have the intention to start, of course, even with a small amount, we can invest in Bitcoin, so this is very helpful for those who sometimes have very limited income that they get, whether it is every week or so, with this strategy, I think it is very easy for anyone who wants to arrive without a benchmark to do in investing in Bitcoin.

That's why DCA is a secret weapon for everyone, especially beginners who want to invest in Bitcoin with limited capital. When applying the DCA strategy in Bitcoin investment, there is no word "later" to buy, they can still invest with $ 20 / week and do not need to guess the price, with DCA, you can buy Bitcoin when it is expensive and cheap, finally every average purchase is safe because you do not need to think "now is the time or not". I agree with the sentence you used "as long as there is the intention to start", because most people fail to get momentum not because they don't have money, but because they are too busy waiting for the right moment, even though everyone knows the right time never comes.

[cxtreenal]

Two things are involve here, if someone is too aggressive when there is Dip to the point they invest all their discretionary income they won't have a discrestionary income again to invest for the time being unless they have a source of income that will give them discretionary income ASAP and the other one is that they will have a good fraction of Bitcoin because they want all in and since it is what they can afford to lose I don't think there is a cause for alarm.

This is why folk shouldn't be over aggressive because it would be difficult to sustain for the long term instead they should buy according to their capabilities rather than buying beyond what they can't handle. This is  because buying over aggressive is gambling and anyone doing so is an actual gambler. Folks shouldn't invest beyond their discretionary income if something goes wrong or things doesn't work as planned they will definitely tamper with their bitcoin investment. Folks should only use money they can afford to lose for their bitcoin investment.

You are right. Those who buy Bitcoin overly aggressively weaken their Bitcoin holdings. Buying Bitcoin overly aggressively means buying Bitcoin with the money they need. So, the goal of Bitcoin accumulation should be to gradually strengthen their Bitcoin holdings with discretionary income. There are many who buy Bitcoin over aggressively when the price of Bitcoin drops, but changing their DCA amount based on short-term price movements may not have a positive impact on their Bitcoin holdings in the long run. You can invest aggressively in Bitcoin from your discretionary income. The key is to DCA with an amount that does not create financial pressure.

The fact is that buying Bitcoin with all your discretionary funds at any point of accumulation is not a good buying strategy because there should be other wants like emergency funds that falls into the discretionary funds. Buying Bitcoin aggressively shouldn't be a problem if you have sufficient discretionary funds and you are able to minimize other discretionary wants inorder to increase funds to buy aggressively. I think that it is better to have a particular amount for accumulation that you are comfortable to part with to accumulate Bitcoin. If your discretionary funds increases you can increase accumulation amount, if your income decreases you can reduce the accumulation amount, no need to put pressure on your accumulation.

Divide the entire amount of discretionary income into three parts. Use the majority of it to accumulate Bitcoin. Keep the other two parts roughly equal, one for an emergency fund and the other for growth in cash and extra expenses. If you already have a decent emergency fund, use the majority of your discretionary income to accumulate Bitcoin and keep a small portion in cash for personal expenses or small emergencies.

I find it more logical to be consistent in accumulation Bitcoin than to aggressively DCA. Maintain this consistency regularly, regardless of the price of Bitcoin. Discretionary income is not a fixed fund. If your income increases the size of this fund will increase and if your income decreases the size of the fund will decrease. The main thing should be to engage in long term Bitcoin accumulation without any pressure.

[Derekfunds]

Two things are involve here, if someone is too aggressive when there is Dip to the point they invest all their discretionary income they won't have a discrestionary income again to invest for the time being unless they have a source of income that will give them discretionary income ASAP and the other one is that they will have a good fraction of Bitcoin because they want all in and since it is what they can afford to lose I don't think there is a cause for alarm.

This is why folk shouldn't be over aggressive because it would be difficult to sustain for the long term instead they should buy according to their capabilities rather than buying beyond what they can't handle. This is  because buying over aggressive is gambling and anyone doing so is an actual gambler. Folks shouldn't invest beyond their discretionary income if something goes wrong or things doesn't work as planned they will definitely tamper with their bitcoin investment. Folks should only use money they can afford to lose for their bitcoin investment.

You are right. Those who buy Bitcoin overly aggressively weaken their Bitcoin holdings. Buying Bitcoin overly aggressively means buying Bitcoin with the money they need. So, the goal of Bitcoin accumulation should be to gradually strengthen their Bitcoin holdings with discretionary income. There are many who buy Bitcoin over aggressively when the price of Bitcoin drops, but changing their DCA amount based on short-term price movements may not have a positive impact on their Bitcoin holdings in the long run. You can invest aggressively in Bitcoin from your discretionary income. The key is to DCA with an amount that does not create financial pressure.

Being aggressive isn't wrong as long as you don't overdo it, what ever we do we should ensure to buy bitcoin only with our discretionary income, buying outside of your discretionary income pushes us off the path of an investor towards to path of trading and trading with bitcoin is never a good idea.
The only way to be able to buy and HODL bitcoin successfully you need to do it with your discretionary income and also be sure to set up your backup funds and not buy with more than you can tolerate, a smart investor will invest at his own pace.

Sometimes people take or invite problemwith into their own hands, there are people who has taken Bitcoin investment as a competition that is why any opportunity the market brought, they will want to overdo or accumulate more than their friends or whosoever they are competing with which is very wrong and Bitcoin investment should not be a competition but it should be done based on our capacity and availability.

[Gost ms]

Sometimes people take or invite problemwith into their own hands, there are people who has taken Bitcoin investment as a competition that is why any opportunity the market brought, they will want to overdo or accumulate more than their friends or whosoever they are competing with which is very wrong and Bitcoin investment should not be a competition but it should be done based on our capacity and availability.

We often do not realize when we become involved in competition even while investing continuously. Whether the investment is small or large, it is most important for us to be safe and we should make every purchase based on our discretionary income. Many times, we see some people and while competing with them, we invest such an amount of money that is not good for our financial situation or puts our investment at risk. A person who continues to invest continuously even by investing small amounts and is able to maintain it in the long term is definitely much better than a person who invests without depending on his financial situation and is involved in gambling.