Simple things to do when we do investing

[bettercrypto]

Are you ready to enter the world of crypto? Do you know the investment or simple strategy you will make? Do you want to invest for a long-term investment of your money? Or maybe you are just here to get a quick profit through trading? Or maybe you are just here to test the waters first? Think of it like this, you are just saving little by little, until you achieve what you want to get, or you can also find other ways to find passive income.

The same is true here in the world of crypto, you also need different strategies that will also depend on whether it is perfect for your goal. So in this topic we will talk about;

1. Best simple strategy that suits you?
2. How to choose the right strategy so that you don't lose money?

In the world of crypto, you must know the right strategy that you will use, because it is not possible to just do it randomly or randomly. What is needed here is what is perfect for your budget and your risk tolerance especially for the goals of each of us. So the first strategy we will talk about is;

Dollar Cost Averaging(DCA)
Most people here already know this but for the sake of the newcomers I will just repeat it, this is the gradual accumulation of the things we want to accumulate the assets we want. This is an investment strategy that is not done in one fell swoop. It is like taking out insurance that we pay off gradually depending on the capacity of your source of income, it can be monthly, quarterly, mid or yearly depending on our capacity.

So we do not buy crypto at a certain price, but you buy crypto at a different price level depending on whether you have a budget to buy. For example, you have a budget of 10 000$ now every week you allocate a budget for bitcoin worth 2500$ in the 1st week you bought when the price of Btc was cheap, in the 2nd week another 2500$ again that is the same concept of DCA.

Why is DCA effective? The first reason is that you don't need to guess the perfect timing guys when buying, because this is what most people do that is not right. Because no one can predict the bottom and Top price of any crypto assets.

Less Emotional Stress
This is what will make you not be paranoid about the sudden rise or fall of the coin price you hold because you have bought at multiple price levels.

Long-term Investors
This is the thing for newbies entering this field, because you don't just lose, you don't invest a whole lot of your investment. Well, a good example here is that you don't just load up for your cellphone for a month but you only load enough that you need for a few days, the same is true here in the crypto space, you don't need to invest a whole lot, as long as you do the DCA correctly, you can really save.

So this DCA is a very good way for people looking for lower risk investment here in the crypto industry. That's why it's suitable for people who are busy and don't have time to monitor the crypto market. And even for people who have other sources of income because it can also help give you a way to grow your money in the future.

[Dunamisx]

1. Best simple strategy that suits you?
2. How to choose the right strategy so that you don't lose money?

The coin we are investing here is also important for us to understand the way of it's performance, we must have the ability of combining both the fundamental and analytical analysis altogether on our trades or investment, this will help us alot, because we are going nto be more precise about the market speculations and the way we could avoid taking risk will be high, so that we don't lose our capital asset for nothing but our own silly mistakes.

[The Cryptovator]

Your overall speech here about the DCA strategy. Things aren't too easy that you describe here, actually. Before investing in crypto, you must gain enough knowledge about the crypto. For each coin you invest in, you need to know it very well. Unless you have proper knowledge about Bitcoin, you shouldn't invest in it. It's the same for all coins that you want to invest in.

To invest in cryptocurrency, you must be a risk taker and financially stable. If you aren't stable financially, then you will panic after buying the coin, and you might sell-off during the bear market. Rather, you need to hold your coins during the bear season, and you have to survive from your savings, except crypto holdings.

However, the DCA strategy is the best strategy ever. It's for holders, actually; DCA doesn't work for traders anyway. You need to set your goals; either you want to be a trader or you want to be a holder.  Because both are kind of investments, trading is short holding and long.

[tvplus006]

The coin we are investing here is also important for us to understand the way of it's performance, we must have the ability of combining both the fundamental and analytical analysis altogether on our trades or investment...

Yes, indeed, buying shit coin using the DCA strategy would be a big mistake, which would undoubtedly lead to the loss of the deposit. Usually, the DCA strategy can only be applied to top cryptocurrencies such as Bitcoin and Ethereum.

[Ziskinberg]

Just buy Bitcoin using DCA over the years, and you’ll be fine. Forget about altcoins as they are high-risk assets that can ruin your portfolio if some of them end up being scams. But if you really can’t resist the temptation and still want to invest in altcoins, make sure to stick to those in the top 10, as they are already well-established and have stood the test of time. Even then, keep your exposure limited, maybe 10% or less of your total portfolio.

[boyptc]

Losing money is part of investing and that happens even in the experienced people.

DCA is a good strategy and it's suitable for the most of us. But with the wrong choice, it's going to be as effective as it can be for the others that will do that.

And results for doing DCA is not going to be visible as soon as possible and if the person doing it lacks patience, it's not for him.

[Botnake]

1. Best simple strategy that suits you?
2. How to choose the right strategy so that you don't lose money?

The coin we are investing here is also important for us to understand the way of it's performance, we must have the ability of combining both the fundamental and analytical analysis altogether on our trades or investment, this will help us alot, because we are going nto be more precise about the market speculations and the way we could avoid taking risk will be high, so that we don't lose our capital asset for nothing but our own silly mistakes.

Selecting a highly potential coin should always be the very first goal. You can't jump into thinking the best strategy that will suit you if you aren't sure what will be the future of your selected coins. Observe the market first and study each and every coin thoroughly. Once you've chosen your best coin, then proceed to what kind of strategy that will conveniently work for you.

[mirakal]

The coin we are investing here is also important for us to understand the way of it's performance, we must have the ability of combining both the fundamental and analytical analysis altogether on our trades or investment...

Yes, indeed, buying shit coin using the DCA strategy would be a big mistake, which would undoubtedly lead to the loss of the deposit. Usually, the DCA strategy can only be applied to top cryptocurrencies such as Bitcoin and Ethereum.

You can chose to DCA with shitcoins but it would only be a waste of time and money. And no one wants to do that that's why as much as possible, invest in top coins like bitcoin. DCA can be a good and reliable strategy if you can make it regularly, otherwise just buy in dips so you can make a discount and maximize your purchase with bitcoin.

[stomachgrowls]

The coin we are investing here is also important for us to understand the way of it's performance, we must have the ability of combining both the fundamental and analytical analysis altogether on our trades or investment...

Yes, indeed, buying shit coin using the DCA strategy would be a big mistake, which would undoubtedly lead to the loss of the deposit. Usually, the DCA strategy can only be applied to top cryptocurrencies such as Bitcoin and Ethereum.

You can chose to DCA with shitcoins but it would only be a waste of time and money. And no one wants to do that that's why as much as possible, invest in top coins like bitcoin. DCA can be a good and reliable strategy if you can make it regularly, otherwise just buy in dips so you can make a discount and maximize your purchase with bitcoin.

I have never consider out on holding some shit coins or meme coins for long term on which these are types that once you do make out such holding then it is likely that you would really be ending up on holding those worthless tokens into your bag and this is why it would be that truly a gamble if you do made out some decisions on trying out to make a hold of these tokens. DCA will really be only applicable or having some sense if we do speak about holding Bitcoin or with some top altcoins in the market. Somehow its not really that bad to seek and search up into those projects on which it does have that potential because we do know that top altcoins in the market too do came from that position on which no one had anticipated that it will really be sitting in into the top ranks.

This is why majority of investors will really be trying out to catch up and would really be that wanting to have such approach because they do really know on whats the opportunity and the possible things that they will really be able to obtain at the time that their analysis was right? We are all here comes for the profit but if we do speak about Bitcoin accumulation then the best approach would really be having that DCA on which we do know that it would really be that worth considering on the potential but dont expect that the rewards or profits will really be that big.

[WeedGoW]

1. Best simple strategy that suits you?
2. How to choose the right strategy so that you don't lose money?

The coin we are investing here is also important for us to understand the way of it's performance, we must have the ability of combining both the fundamental and analytical analysis altogether on our trades or investment, this will help us alot, because we are going nto be more precise about the market speculations and the way we could avoid taking risk will be high, so that we don't lose our capital asset for nothing but our own silly mistakes.

A very tight work is to do it yourself through many professions. There are some simple and effective rules to make video it if you can keep it correct you will be saucasy of investors. You need to do a lot of research before doing the day. And you have to determine your symptoms. One important aspect is to ensure difference. You should not spend money on any project. And be aware of the risks and invest in understanding the risks. And your plan must be long term. The last thing I think to me is that you need to monitor each project very well. If you can do all these things correctly, you can be converted into a successful traitor and you will be successful in training.

[hd49728]

Why is DCA effective? The first reason is that you don't need to guess the perfect timing guys when buying, because this is what most people do that is not right. Because no one can predict the bottom and Top price of any crypto assets.

You can simply verify why DCA strategy for long term investment is very effectively and profitable by looking at portfolios of investors applied this strategy like Strategy and El Salvador.
https://saylortracker.com/
https://nayibtracker.com/

If you feel impressed with this strategy through above portfolios, but want to estimate what you can get with DCA for your portfolio, you can use these tools.
https://dcabtc.com/
https://costavg.com/

[Zaguru12]

Yes, indeed, buying shit coin using the DCA strategy would be a big mistake, which would undoubtedly lead to the loss of the deposit. Usually, the DCA strategy can only be applied to top cryptocurrencies such as Bitcoin and Ethereum.

For me i say DCA should be use for only coins considered or treated as investment because most of the time DCA method only yields profit in a long term basis as such only bitcoin is considered an investment. Many people have actually been categorizing top or large cap Altcoins as asset too but in honesty they them selves are just no too different from the low cap shitcoins. Take for example the Ethereum mentioned, Ethereum has been below his all time high now for almost four years even though bitcoin has actually seen it smashed multiple all time highs since then and with this there is a high probability that anyone who have invested since then might still be at loss right now.

So only treat bitcoin as the only asset in cryptocurrency and DCA, you can choose to gamble some excess funds on Altcoins and then they hit the bottom but DCAing on them seems more like a waste of money to me

[ajiz138]

The coin we are investing here is also important for us to understand the way of it's performance, we must have the ability of combining both the fundamental and analytical analysis altogether on our trades or investment...

Yes, indeed, buying shit coin using the DCA strategy would be a big mistake, which would undoubtedly lead to the loss of the deposit. Usually, the DCA strategy can only be applied to top cryptocurrencies such as Bitcoin and Ethereum.

You can chose to DCA with shitcoins but it would only be a waste of time and money. And no one wants to do that that's why as much as possible, invest in top coins like bitcoin. DCA can be a good and reliable strategy if you can make it regularly, otherwise just buy in dips so you can make a discount and maximize your purchase with bitcoin.

There is no relevance for me to do DCA on shitcoins where there is a greater loss as if I were risking money on gambling.
The most appropriate DCA is still bitcoin that is common in many people, maybe you can choose some other top coins to do DCA but I myself do not do it, and focus more on bitcoin alone for DCA.

[Lida93]

The same is true here in the world of crypto, you also need different strategies that will also depend on whether it is perfect for your goal. So in this topic we will talk about;

1. Best simple strategy that suits you?
2. How to choose the right strategy so that you don't lose money?

We shouldn't always settle for the simple things or strategies for investing in crypto. There are strategies that could be said to be best too but people shy away from it because they think it's difficult to keep up with and follow through but that's where the big profits exists much more than in the simple ones. We should learn how to adapt and not always settle for the less simple things if we want to make it to or close to the whales rank.

2. How to choose the right strategy is by trying out each strategy and examine each outcome and the risk ratio to rewards. Others are secondary. Addition to choosing the right strategy, the coins we choose to invest in is also a factor to if the right strategy could work on it. If you pick on the wrong coins even the most right strategy would still fail.

[batang_bitcoin]

There is no relevance for me to do DCA on shitcoins where there is a greater loss as if I were risking money on gambling.

It's such a huge waste of money if someone does DCA with shitcoins. You've got some money and throw to them? expect that it's gone forever. I won't go all out by taking risk with those kind of coins anymore.

The most appropriate DCA is still bitcoin that is common in many people, maybe you can choose some other top coins to do DCA but I myself do not do it, and focus more on bitcoin alone for DCA.

I agree, this is the best approach that anyone can do. All we have to do is to make sure that we keep DCAing Bitcoin for what's about to come. This is still a good year or let's just welcome the idea that whatever is the market situation, DCAing Bitcoin has always been a thing for all of us.

[SilverCryptoBullet]

I agree, this is the best approach that anyone can do. All we have to do is to make sure that we keep DCAing Bitcoin for what's about to come. This is still a good year or let's just welcome the idea that whatever is the market situation, DCAing Bitcoin has always been a thing for all of us.

With Bitcoin and its proven strength of growth and survival in many years and past bear markets, DCA is a very good strategy for your investment in Bitcoin.

To invest in Bitcoin and hold your bitcoin for a long term, you must do other vital things.

Choose a good wallet to use and to store your bitcoin: non custodial (not your keys not your coins, remember that), and open source (to verify that wallet is reproducible or not).
Back up your wallets.
In backup procedure, make sure you check validity and usability of your backup.
Keep your backups safely.
https://bitcoin.org/en/choose-your-wallet
https://walletscrutiny.com/
How to back up a seed phrase.

[JeffBrad12]

The coin we are investing here is also important for us to understand the way of it's performance, we must have the ability of combining both the fundamental and analytical analysis altogether on our trades or investment...

Yes, indeed, buying shit coin using the DCA strategy would be a big mistake, which would undoubtedly lead to the loss of the deposit. Usually, the DCA strategy can only be applied to top cryptocurrencies such as Bitcoin and Ethereum.

kinda obvious, DCA is investing with long term target, meanwhile most of altcoins lose 90% of its value within just a year or even less, so apparently if we are doing DCA on altcoins we're just giving our money for free to strangers.

DCA only works with crypto like bitcoin or proven asset like some of the good stocks, had you DCA bitcoin, you'd profit greatly, same thing with NVDA and AAPL.
for 4 year or more investment honestly, I'd consider all altcoins to be garbage, even if it's ETH, because just see ETH as second biggest altcoin ever, greatly underperforming compared to bitcoin.

[michellee]

DCA method is best simple strategy you can use to invest in Bitcoin. You can learn more about DCA method and how to use it. You don't have to confuse with the price up and down and only focus with buy Bitcoin for certain time.

With DCA method, you accumulate Bitcoin from time to time without think about where Bitcoin price move. But your concern is how much money you will allocate for Bitcoin investment or we can say that is about how much money you can afford to invest in Bitcoin.

DCA method it is like we saving fiat in our bank. But we save Bitcoin week or monthly so we will have a new investment beside other investment.

You will find more benefit about DCA method from your research.

[BlackBoss_]

DCA method it is like we saving fiat in our bank. But we save Bitcoin week or monthly so we will have a new investment beside other investment.

DCA Bitcoin is better than saving fiat in bank account.

Because with fiat currency in your account as saving in bank, you only get an increase with bank interest rate that can be lower than inflation rate.
With Bitcoin, you can have very good ROI, that is much higher than interest rate or inflation rate. Additionally, with Bitcoin you will have private key and truly own and control your bitcoin.

It's your private key, it's your bitcoin, that's what you get by DCA Bitcoin and withdraw your bitcoin to your non custodial, and also open source Bitcoin wallet.

[TheUltraElite]

DCA is good for bitcoin, would not be applicable to every coin.

I think buying low and selling high is the fundamental method to invest. But most people end up doing or are forced to do the opposite leading to a poor performance in trading. This takes practice and observing the specific asset over months of charts to be able to closely predict a low and high.

Most traders dont make profits from the market and there needs a point from where one should start moving back.