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.

[oll]

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.

If investing in Bitcoin were risk-free, it would be strange. But I'd even call Bitcoin's risks fair, and I'll explain why. If someone deposits money in a bank or hands it over to asset managers, they instantly give up control of their assets. This means a third party can freeze the money or be robbed. Bitcoin's very principles call for us to be independent and self-sufficient. This is incredible because there's no equivalent.
That's why I'm always especially happy to see newcomers who understand blockchain. They absolutely understand what they're investing in, because they're inspired by the technology. I'm not saying that all new investors need to be perfectly versed in blockchain; sometimes the desire to understand the details comes with time. Until then, discipline and an understanding of the investment strategy are key. Of course, I'm talking about DCA.

[cyberninja2]

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.

Consistency and patience are essential for everyone. These two terms have the same meaning and resilience in achieving or attaining something we desire. Therefore, prioritizing them is essential, especially for long-term Bitcoin investments. This will certainly make us more careful with our patience and consistency to reap maximum results and achieve our desired results.

A strong foundation also includes patience, which however, there are still those who sometimes find it difficult to have that patience, especially when facing problems, making someone without control so that in the end they always fail to do it with patience when facing a problem. And as I said, investing is not only always about making profits to make us rich quickly, but the desire to get rich quickly also depends on our consistent attitude in investing and it also requires a process so that the process must also be waited for patiently. The most important thing is patience must be possessed by all parties with the aim of all desires being in hand, which makes our target in making investments full of patience.

[Grease5000]

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.

Athough patient plays an important  role in someone ability  to hold  his bitcoin portfolio for the long term, but I think patience alone is not enough. Because you also need a clear goal and a strategy you can maintain without putting yourself under financial pressure.

And holding an investment for long  term, like four years as you said does not automatically guarantee that you will make profit. The focus should be to consistently and steadily building your bitcoin holding using your discretionary income rather than rushing  to make quick profit.

[Decimetre]

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.

Athough patient plays an important  role in someone ability  to hold  his bitcoin portfolio for the long term, but I think patience alone is not enough. Because you also need a clear goal and a strategy you can maintain without putting yourself under financial pressure.

And holding an investment for long  term, like four years as you said does not automatically guarantee that you will make profit. The focus should be to consistently and steadily building your bitcoin holding using your discretionary income rather than rushing  to make quick profit.

Bitcoin investment should not done only for profit sake to avoid disappointment. Counting on profit from the start is not good because it will make you to get distracted by the volatile market. So preparing to invest in bitcoin shouldn't involve thinking about the profit you wish for, it should be anchored on your willingness to protect your money from inflation as a store of value. When you have put all these into consideration, you can figure out your Discretionary income based on your source of income and when that is done, your DCA strategy can go freely without any panic attached during the period of your investments until you have achieved your goal in your over accumulation stage or period of holding.

[Perfect-World]

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.

Athough patient plays an important  role in someone ability  to hold  his bitcoin portfolio for the long term, but I think patience alone is not enough. Because you also need a clear goal and a strategy you can maintain without putting yourself under financial pressure.

And holding an investment for long  term, like four years as you said does not automatically guarantee that you will make profit. The focus should be to consistently and steadily building your bitcoin holding using your discretionary income rather than rushing  to make quick profit.

HODLing your Bitcoin for ONLY 4 years isn't long term. 4 years, which is just a circle may be too small for one to experience the real store of value that Bitcoin is. A little time frame giving for a long term HODLing is from 4 -10 years and above. Except there are serious cases where the investor may not be able to HODL up to 10 years and above, maybe cases like age, health or any other serious factor, else, 4 years isn't considered long term.

Talking about what helps you hodl longer, while patience is important as you guys mentioned, we must also put in mind that you also need a strong back up funds beside you to be able to HODL and exercise your patience properly. Because patience will not hold you back from selling if you have an emergency situation and have no back up funds to handle it. So while we are emphasing on patience as something important we need, we should also note that back up funds is necessary and will help us to sustain out investment during emergencies.

[GIF-JOBS]

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 very important in investing in Bitcoin, here you have to survive for the long term, and for this you have to be stable in your investment, having faith in Bitcoin and being patient, ignoring the volatility of the market. Many new investors go to invest only thinking about the profit of Bitcoin and finding sure success, but they do not have any idea about the volatility of the market, and this is the cause of a big problem for them during the volatility of the market and then they panic and decide to sell their investment. Again, they see that the price is decreasing for a few days or a few weeks, then they get frustrated and many lose patience and sell their Bitcoin at a loss. And this is where they need patience, if they had patience at this time, and had faith in Bitcoin, then they would have been able to buy Bitcoin continuously, ignoring the volatility, and then they would have survived well and had a very good chance of success.

[B2Z]

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.

There is no end to human needs, no matter how hard people work to earn money, if people do not keep track of everything, people spend that money faster than they earn it. Financial management is very important, a middle-class person, but if his financial management is correct, he can manage his family well even if he does a middle-grade job and build his own savings. Again, if we do not understand proper management, then even if we get a high salary, we will not be able to maintain it at the end of the month, but it will be seen that we have to borrow more money every month due to spending beyond the calculation.

Now those who think about their future and whose attitude is such that they will have a savings or an investment in the future will definitely try to spend money calculatedly and invest the remaining money.

Actually, investing is not a very difficult task, we make investing difficult. We do not calculate anything long-term. If a person invests $20 every month, it will also be a very big amount after 5 to 10 years and I think that we should think about everything in such a long-term manner, only then will the interest in doing that particular work increase.

[Joeboy]

HODLing your Bitcoin for ONLY 4 years isn't long term. 4 years, which is just a circle may be too small for one to experience the real store of value that Bitcoin is. A little time frame giving for a long term HODLing is from 4 -10 years and above. Except there are serious cases where the investor may not be able to HODL up to 10 years and above, maybe cases like age, health or any other serious factor, else, 4 years isn't considered long term.

Talking about what helps you hodl longer, while patience is important as you guys mentioned, we must also put in mind that you also need a strong back up funds beside you to be able to HODL and exercise your patience properly. Because patience will not hold you back from selling if you have an emergency situation and have no back up funds to handle it. So while we are emphasing on patience as something important we need, we should also note that back up funds is necessary and will help us to sustain out investment during emergencies.

4 years is short-termed and it is truly not enough years for folks to grow their holding to a reasonable level and that's because of how volatile Bitcoin market seems to be....At times too,  there could even be prolonged bearish phases which could last for several couple of years, which could in the process lower the value of ones investment, making it difficult for that individual that is all so focused on the 4 years timeline to experience the kind of growth that investors of the 10 or more year timeline would experience... Infact the simple truth is that the longer the duration of ones investment, the more time there will be for that investment to experience growth and also yield better returns even though this returns cannot be said to be a guaranteed..

[Versatile_choice]

it a long term holding that can get us that massive results and this long term means holding for over 4 years plus.

It is really so hilarious of you to think that holding your bitcoin for 4 years is a Long term investment, Long term investment is supposed to range from 5 years and above. And sure even though you hold your bitcoin for 5 years yet there's no guarantee that your investment will pay off talk more of a person that decide to invest for 4 years.

Bitcoin isn’t just a get rich quick investment and bitcoin did also have it own risks just like others.

There's a little mix up in what you're saying, bitcoin is not a get rich quick Investment so don't even say "bitcoin isn't just a get rich quick Investment" because it is obviously not rather, the profit comes if you invest and HODL for long term.

[Sammysmart001]

4 years is short-termed and it is truly not enough years for folks to grow their holding to a reasonable level and that's because of how volatile Bitcoin market seems to be....At times too,  there could even be prolonged bearish phases which could last for several couple of years, which could in the process lower the value of ones investment, making it difficult for that individual that is all so focused on the 4 years timeline to experience the kind of growth that investors of the 10 or more year timeline would experience... Infact the simple truth is that the longer the duration of ones investment, the more time there will be for that investment to experience growth and also yield better returns even though this returns cannot be said to be a guaranteed..

Backup funds point is the real thing that most people skip. Patience is a structure not just a mindset, if your DCA money and emergency money is being merge in a place, any small need can make you to sell at loss no matter patient you might think you are.

That why I would always advise newbie should first build up even a little emergency funds even if it a month or two expenses. Than start up a DCA with money you won’t want to rush to come use or need. And DCA will work well and better for you once you no longer wacht the price daily, because you know that you won’t want to touch it.