Does the DCA strategy inspire newbies to invest?

[Decimetre]

You are right and i also agree with you. Actually financial knowledge is very important for a person if he/she want to manage there income because managing money is the key i also see a lot of people in which one is my uncle as well his income is not that big but still he has good assets as compare to some people that makes a lot . So if income is low a person has to find a way to increase it plus learn how to manage there money and play a long term game .   

How sure and confident are you that your uncle doesn't have another source of income that you don't know about? And do you think your uncle wil be naive enough to show you all he's got? So don't conclude yet because a lot can be going on there that you are not aware of. I totally agree that good financial management skill is very vital because it changes the way people see investment opportunities and how they approach it so it will yield something tangible for them, people with good financial management tends to do better regardless of their income size.

Any one with good financial management skills can achieve anything he dreamt of over the time because he spends his money wisely and doesn't waste any things on things that are not reasonable. It is possible for a low income earner to have more investments than a high income earner. It can be because the man with low income has better financial discipline or that the man who earns more has too much family problems and immediate needs that gets him spending all his money on things that are not investments.

When you start investing in bitcoin, knowing your responsibility is very important so that you won't waste your money on things that do not matter. And when you have taken care of your responsibilities, you have to find your Discretionary and and with that you can invest in bitcoin without getting stucked halfway.

[Big Dirams]

How do someone survive in Bitcoin investment if they don't have patient? Of course patient is needed but we don't actually need a large Capital to be able to invest in Bitcoin rather what someone need is their discretionary income and of course you can not start any business without sorting or figuring out the strategies or methods to use in order to achieve your goal or target because without figuring this out, it will look like someone doesn't know what they are doing and it's very wrong to start something without having a strategy.

When you're not patient on your Bitcoin investment journey, I don't think you can succeed the way you need to, because patience is always the key to success, because that will make you calm yourself and keep trusting the process that everything will come and go well at last. We all need to be patient in anything we're doing, investments or business, patience should be our first priority. When a newbie is making his first move in Bitcoin investment, he should start with the DCA method, that will be good for him, but not all of them can handle that. They prefer to get fast money, they don't think deeply to manage what can work for them better.

Patience is virtue, in what so ever we find ourselves in doing and it not working out then we should prioritize patience and make sure we give such thing that time and satisfying time for it to work out. We don’t really need to be to hasty about everything and try in rushing things when patience can mostly get us the results we are after. Investing in bitcoin and aiming for a massive profits isn’t just a short term holding, it a long term holding that can get us that massive results and this long term means holding for over 4 years plus. Bitcoin isn’t just a get rich quick investment and bitcoin did also have it own risks just like others.

[Obulis]

Like you have explained any one investing who is having the mind of isolating volatility is making a serious mistake and should think other wise because the Bitcoin market is volatile weather you agree or not so you should be able to accept that as an investor and also the DCA strategy is not an escape for volatility it is only a strategy to help you seemlesly and comfortably accumulate Bitcoin over a period of time without having to stress or think of withdrawing your investment earlier than you should, do the DCA strategy is more like a strategy that helps for a longer term investment.

How do someone intend to isolate volatility when it is already the nature of Bitcoin and if volatility is taken away Bitcoin investment wil be boring because this momentum we do see either in the up side or down side will not longer be there which means Bitcoin will be so dull and slow so, i don't see anything wrong with the volatility of Bitcoin. Like I always say, the DCA is just a strategy and so strategy can not work on it own therefore, investor will be the one to make it work effectively by using it properly, there are people who are using the DCA method yet they are not doing great.

Lolz. Isolating volatility from Bitcoin is one of the worst lack of understanding about Bitcoin, as in one of the highest profile ignorance about Bitcoin. Volatility is the magic wonders and that's what those that tirelessly wait for the dip try to bit as they keep waiting. While waiting, newbies might see it as patience when it is not really patience because trying to bit Bitcoin volatility by waiting for the dip is the major tool of traders also known as quick gainers and that's not patience.
The patience in DCAing tries overtime to Bitcoin volatility the magic wonders.

[Dxdiax26]

Any one with good financial management skills can achieve anything he dreamt of over the time because he spends his money wisely and doesn't waste any things on things that are not reasonable. It is possible for a low income earner to have more investments than a high income earner. It can be because the man with low income has better financial discipline or that the man who earns more has too much family problems and immediate needs that gets him spending all his money on things that are not investments.

When you start investing in bitcoin, knowing your responsibility is very important so that you won't waste your money on things that do not matter. And when you have taken care of your responsibilities, you have to find your Discretionary and and with that you can invest in bitcoin without getting stucked halfway.

The main reason for this is that we are able to do it well, so that our achievements during our struggle will certainly produce the results we desire. This is something everyone must do because we won't be able to achieve what we dream of if we don't manage our finances effectively.

Many people have achieved success in investing. Their success stems from not wasting every opportunity. Another aspect I can describe is that they never waste their money on a lavish lifestyle, buying luxury goods or clothing, keeping them in line with the lifestyles of others.

They prefer to live a standard lifestyle, protecting their financial well-being, focusing their thoughts solely on things that will benefit them. This mindset is rare, and when they succeed in investing, many are sometimes surprised by their success. They are more apt to wastefully spend their money on frivolous, pointless pursuits. This trait allows people to focus solely on one goal, so it's natural for them to experience increased capacity as they achieve their dreams.

The nature of responsibility is proof that we are serious in starting so that we will not do it in a careless style which can lead us to a direction that is not profitable or beneficial for those of us who do it so that by having a sense of responsibility I think someone has wisdom in thinking.