buying btc should be DCA or other than DCA

[death69]

DCA, lump sum, or something else? Depends on who you are, what you know, and what you feel. People want explanations, set rules, safe bets. Still, this is not homework. This is your exposure to the future, and the future is more concerned with your belief than with your entry plan. If you're DCA-ing, you're  admitting you don’t trust your timing. It's okay. That is systemizing uncertainty; that is not weakness. You spread risk. You accept you’re human. In contrast, lump sum? That’s raw belief. In the face of low time preference, that is strong time preference smashing. It works statistically, statistically often better. But only if your gut isn’t a slave to price action. Most people lump sum, panic, and then wish they had DCA’d.

[Questat]

I would say that using DCA is the safest strategy when buying bitcoin regardless of its price. You don’t buy if you don’t have sufficient funds, that’s why we have here DCA to lessen the burden especially if you are planning to buy bitcoin at a single purchase.

However, investors have different buying preferences, and we can’t tell everyone to buy like this or like that. But one thing is certain, as long as you buy with caution and you spend on what you can afford to lose, you are doing the right thing.

[The Cryptovator]

As a very small investor, DCA is the best strategy for me. With a low risk we can accumulate Bitcoin slowly. It's true Bitcoin gives a chance to accumulate every few months, like now. I mean, sometimes Bitcoin dumps hard, and we can accumulate Bitcoin at once if we have enough funds. But with the DCA strategy, we can accumulate in every dump, so it's possible to accumulate more lower prices on average.

So it fully depends on your financial conditions, either you want to accumulate with a DCA strategy or any other strategies. Bitcoin investment is always risky, though we know it could pump any time. But our natures are quite different from each other.  We might be panic sellers as well. So we need a proper plan before investing in Bitcoin.

[Zigabel]

bitcoin of course until now is still believed to be a safe digital asset because until now bitcoin is still in great demand by people especially those who are involved in the world of crypto.

but what I see so many ways people do to buy btc there is DCA, some buy when it goes down and some immediately buy btc or many people call it Lump sum if I'm not mistaken. in my opinion buying btc in any way is certainly good as long as we keep it for the long term and of course my goal in making this topic is just to know if you always DCA when buying btc or other than DCA?

Except you are making losses,  I feel buying Bitcoin in anyway legally you can is fine. DC, lump sum or an outright buy, whichever way just make sure you are positioned to making some good profits when Bitcoin eventually makes its next move after you must have bought.  For the longe term investment,  you almost cannot go wrong buying Bitcoin almost at anytime, because overall Bitcoin gets bullish, this has been my believe over the years and most often it's not been wrong.

Buying a dip or buying on a bullish trend are neither wrong if the intention is for a long term but if you are buying to make profit within the shortest time possible,  then it's not ideal you explore buying when it's already bullish and almost at an ATH, I don't usually advise trading that much because not everyone has got the skill or the patience required but it's also a good route for exploring short-term opportunities in the market. But then as a long-term or short-term investor,  DCA always stands out as a good means with which you can acquire Bitcoin without having to strain your purse and also bothering so much about losses.

[john_egbert]

As a very small investor, DCA is the best strategy for me. With a low risk we can accumulate Bitcoin slowly. It's true Bitcoin gives a chance to accumulate every few months, like now. I mean, sometimes Bitcoin dumps hard, and we can accumulate Bitcoin at once if we have enough funds. But with the DCA strategy, we can accumulate in every dump, so it's possible to accumulate more lower prices on average.

So it fully depends on your financial conditions, either you want to accumulate with a DCA strategy or any other strategies. Bitcoin investment is always risky, though we know it could pump any time. But our natures are quite different from each other.  We might be panic sellers as well. So we need a proper plan before investing in Bitcoin.

There is no risk if we hodl long enough.

And to do so, we need to know enough not to drop our bags too early.

[Darker45]

There are pros and cons in using different strategies, but the good thing about DCA compared to lump sum is that whatever direction the price goes next, it doesn’t matter much. Whereas, in a lump sum purchase, if you got into Bitcoin at $100,000, for example, you'll have to keep on hodling indefinitely until you make profit. There isn’t an average that could remain significantly lower than the even your most expensive purchase. But, of course, the bottom line is always the availability of your funds. You’ll make adjustments according to it.

[ancafe]

DCA, lump sum, or something else? Depends on who you are, what you know, and what you feel. People want explanations, set rules, safe bets. Still, this is not homework. This is your exposure to the future, and the future is more concerned with your belief than with your entry plan. If you're DCA-ing, you're  admitting you don’t trust your timing. It's okay. That is systemizing uncertainty; that is not weakness. You spread risk. You accept you’re human. In contrast, lump sum? That’s raw belief. In the face of low time preference, that is strong time preference smashing. It works statistically, statistically often better. But only if your gut isn’t a slave to price action. Most people lump sum, panic, and then wish they had DCA’d.

In reality, everyone must have a plan in life and it is not only about investment, but there are other potentials that can be explored based on skills. Most people today are lulled by the desire to achieve success in life and that is natural because everyone has a great desire. I realize that people who do not have a plan in life will never be successful wherever they are, so it is time to build better finances with the right plan. DCA strategy, lump sum and whatever it is called is quite dependent on its implementation because even though people say DCA is one that can be done, if it is not consistent it will not provide certainty to achieve financial success.

Some people only focus on something they cannot achieve and end up hoping for luck, this is the same as a betting pattern that does not have a definite plan. It is better to choose one of the right strategies and do it consistently because that way people will have the opportunity to achieve the financial success they are looking for.

[fikrett]

There are pros and cons in using different strategies, but the good thing about DCA compared to lump sum is that whatever direction the price goes next, it doesn’t matter much. Whereas, in a lump sum purchase, if you got into Bitcoin at $100,000, for example, you'll have to keep on hodling indefinitely until you make profit. There isn’t an average that could remain significantly lower than the even your most expensive purchase. But, of course, the bottom line is always the availability of your funds. You’ll make adjustments according to it.

DCA is about steady accumulation, with no matter what the price is, I agree with you.

You just wait till you reach your targets, it's that simple (if you know why you are doing the process).

[Scarlett_23]

OP, I agree with you that those of us involved in the crypto world think that BTC is a digital asset. And BTC is bought by each individual using a different strategy. Some people like to buy 'buy the dip' and some people like to buy using the 'DCA' method. That is, each person buys with their own strategy. In the first method, when the market price drops, people try to buy at a lower price and make a profit.

For example, yesterday the price of Bitcoin was $20,000 but today it has dropped to $10,000. Many use this price drop as an opportunity. Again, there are many strategic investors who do not want to take this risk and want to buy Bitcoin on average using the DCA method. I find the second method more acceptable than the first method, because I get very disappointed when the price drops from the way I bought it in the first method (although according to history, Bitcoin has always reached its highest ATH).

But in the second method, if one is patient and invests consistently, the impact of price fluctuations in the market is less. As a result, he can invest in rest.

[mirakal]

bitcoin of course until now is still believed to be a safe digital asset because until now bitcoin is still in great demand by people especially those who are involved in the world of crypto.

but what I see so many ways people do to buy btc there is DCA, some buy when it goes down and some immediately buy btc or many people call it Lump sum if I'm not mistaken. in my opinion buying btc in any way is certainly good as long as we keep it for the long term and of course my goal in making this topic is just to know if you always DCA when buying btc or other than DCA?

It doesn't matter if you apply the DCA strategy or not. The most important thing is that we invest in bitcoin at the right time and in the amount that we can afford.

I don't deny that I don't usually do this, but it is highly recommended as the impact is somewhat favorable in the long run. That is why we don't just simply invest and do whatever we want, but rather do some analysis and an effective market approach. Since our goal is to make a profit, then we should also follow those investors who have a history of success.

[Ricardo11]

There are pros and cons in using different strategies, but the good thing about DCA compared to lump sum is that whatever direction the price goes next, it doesn’t matter much. Whereas, in a lump sum purchase, if you got into Bitcoin at $100,000, for example, you'll have to keep on hodling indefinitely until you make profit. There isn’t an average that could remain significantly lower than the even your most expensive purchase. But, of course, the bottom line is always the availability of your funds. You’ll make adjustments according to it.

In fact the most effective strategy in Bitcoin investment is DCA, there is no doubt about it, the DCA strategy can provide an investor with as much benefit then other strategy. Especially if you want to avoid market volatility and invest at an average price, you must adopt the DCA strategy. Because no one can achieve good benefits by investing aggressively in the midst of Bitcoin volatility. But if you don't worry too much about market volatility, through DCA, you can buy Bitcoin regularly and deposit Bitcoin at an average price, then in the long run the investor will achieve maximum profit from it. In addition, investing aggressively is not possible for everyone, because many people do not have enough cash. Therefore, if they can buy small amounts regularly, then after a long time their investment will become much larger. And it will definitely provide more profit than other strategies.

[el kaka22]

I have always suggested buying bitcoin at set period of times is the best, no matter what the price is. For example buying bitcoin at first of every month, or weekly, or once every two months if you have to but I would say once a month is better.

Because that allows you to constantly grow and accumulate and you don't have to wait for it to drop. This means sometimes it will drop after you buy, but there will be moments when it goes up after you buy too, and no matter what, on the long term, the price will be higher than what you bought eventually and will have a bull run where you will get richer. So while this may not be DCA, it is also not lump sum neither, it is just buying bitcoin consistently once a month.

[Ndabagi01]

bitcoin of course until now is still believed to be a safe digital asset because until now bitcoin is still in great demand by people especially those who are involved in the world of crypto.

but what I see so many ways people do to buy btc there is DCA, some buy when it goes down and some immediately buy btc or many people call it Lump sum if I'm not mistaken. in my opinion buying btc in any way is certainly good as long as we keep it for the long term and of course my goal in making this topic is just to know if you always DCA when buying btc or other than DCA?

DCA method is what the vast majority of investors in bitcoin does. The smaller population of people that have invested in bitcoin are the big whale investors who lump sum everything at the start of their investment. The market is very volatile and any of the strategy when used can be a good idea for the long time benefit of those investment in bitcoin. Dollar Cost Averaging method is possibly more popular because it fits well any type of person that is ready to invest in bitcoin more, so it became more popular than lump sum even when it also has a big advantage in the market. In conclusive, every method is a good one and you should use the one that fits best your niche without troubling yourself.

[Raflesia]

We must remember that for now DCA is only one of the strategies that are possible in the purchase or adoption of bitcoin.
There are many other strategies besides DCA such as buy dip or lump sump which are still possible to do so in the end it depends on yourself whether you really want to do with DCA or not.

Purchasing bitcoin with any scheme is good because in the end as long as we buy and keep holding, there will be a situation that at least allows us to make this better in the future. Regardless of whether you want to do DCA or not it goes back to your current buying strategy.
But when it comes to personal opinion then I am now still doing it the DCA way. Not that I think other strategies are wrong but indeed for now DCA is quite suitable with the economic growth that I have so in the end I prefer this even though it does not rule out the possibility that I also still do buy dips but for now I prioritize DCA over other schemes.

[salad daging]

There are pros and cons in using different strategies, but the good thing about DCA compared to lump sum is that whatever direction the price goes next, it doesn’t matter much. Whereas, in a lump sum purchase, if you got into Bitcoin at $100,000, for example, you'll have to keep on hodling indefinitely until you make profit. There isn’t an average that could remain significantly lower than the even your most expensive purchase. But, of course, the bottom line is always the availability of your funds. You’ll make adjustments according to it.

The pros and cons are certain because for me investment must be in accordance with the needs including the funds themselves, are we always ready with large funds or small funds?

Small funds are better for DCA if the funds are large then it's better to lump sum it also has to wait for low prices, right? Because it's impossible to buy when it's going up, that's what most people do.

But DCA is most effective, I think I would argue that most investors prefer DCA.

[Cossyblack]

DCA strategy is the best Strategy that works best for majority of Bitcoiners,it's the most preferable used to accumulate Bitcoin by both Low and high paid income earners compare to Lump sum Strategy that's been used by Big whales and it requires huge amounts of funds to begin with. With DCA strategy an investor can start accumulating Bitcoin weekly or monthly regardless of the price until he  reaches his accumulation targets and at most times,an investor can used his discretional income or available cash at his reach to buy Bitcoin using DCA method. it's best works well and makes it easy for any investor that's wants to accumulate Bitcoin. so in my own opinion, DCA method is the most effective strategy so far in bitcon investment.

[Ever-young]

Every Bitcoin Enthusiast, Investor and Trader has their own unique and personal financial plans and goals, and these goals differ from that of the next person, so you wouldn’t expect a trader's buying or accumulation strategy to be the same with that of an investor, an investor’s goal is long term and so he’ll definitely not want to opt in for short term buying strategy, like buying the dip to resell when there’s a price surge, that’s a trader’s strategy.

So not all accumulation strategy should be recommended for everyone, you’ll need to first identify the person’s goals before knowing the strategy to recommend to them.

[Ricardo11]

Every Bitcoin Enthusiast, Investor and Trader has their own unique and personal financial plans and goals, and these goals differ from that of the next person, so you wouldn’t expect a trader's buying or accumulation strategy to be the same with that of an investor, an investor’s goal is long term and so he’ll definitely not want to opt in for short term buying strategy, like buying the dip to resell when there’s a price surge, that’s a trader’s strategy.

So not all accumulation strategy should be recommended for everyone, you’ll need to first identify the person’s goals before knowing the strategy to recommend to them.

Every investor should invest in a way that is within his ability, he should know what kind of investment he will make and how much risk he will have in that investment. And then if he has the ability to take that risk, he should invest, he should not invest using any strategy that you are unable to complete in a mature manner. First of all, you should calculate your income and expenses, your financial capacity, your ability to take risk and how long you can sustain the investment, and after researching these things well, you should make an investment decision using the right strategy. Not every strategy will bring profit for everyone, if you do not use the right strategy, you will have to face losses in the long run.

[john_egbert]

Every Bitcoin Enthusiast, Investor and Trader has their own unique and personal financial plans and goals, and these goals differ from that of the next person, so you wouldn’t expect a trader's buying or accumulation strategy to be the same with that of an investor, an investor’s goal is long term and so he’ll definitely not want to opt in for short term buying strategy, like buying the dip to resell when there’s a price surge, that’s a trader’s strategy.

So not all accumulation strategy should be recommended for everyone, you’ll need to first identify the person’s goals before knowing the strategy to recommend to them.

Yep.
I definitely agree with this take.

After all, every single one of said people search for the same - profit in the end.

[Popkon6]

in my opinion buying btc in any way is certainly good as long as we keep it for the long term and of course my goal in making this topic is just to know if you always DCA when buying btc or other than DCA?

Buying Bitcoin only according to the DCA method is the most economical, because the DCA method is the only one that helps you hold Bitcoin in the long term. If you invest in Bitcoin, then this DCA method will also help you hold it in the long term, I have been doing the DCA method for a long time and I have been thinking of keeping my investment for a few more years in the future.
I like DCA because it creates a desire to invest in Bitcoin and also helps to hold it for a long time, but in the last two to three months, the DCA method of investing has been the most effective for me. My portfolio has become much larger due to past investments, but I believe this DCA method creates the most savings in buying Bitcoin.