Everyone talks about DCA. Are you really practicing it?

[Exitoral]

I noticed something a lot. Everyone talks about DCA very frequently. Are you guys actually practicing what you preach? Or do you trade secretly where no one knows what you are doing?

Funny enough, a lot of people claim to DCA and only buy Bitcoin during bull runs. It's funny actually. Some DCA but stop when the market is dipping. Yet, they will be the loudest when saying, "Buy the dip, buy the dip."

A lot of you advise newcomers a lot. Always active to show them the front row in the congregation. In the end, they don't follow the strategy that they preach.

This post is to call out people who preach a lot about Bitcoin and have no portfolio of it. Is DCA a strategy that is just preached, or do we really have people practicing it?

DCA is crucial and shouldn't be taken lightly. But how many people here have really maintained the DCA method without stopping? I am talking about years.

Is DCA just something that is talked about but hard to practice?

[Charles-Tim]

If they using not going for NCA or DCA to invest, but they are talking about it on this forum, how are you going to know if they are telling lies or telling the truth? You can not know who tells lie from those that tell the truth.

NCA can be very good, but there are other good strategies. Some people can prefer the price to fall very well and buy bitcoin with higher amount of money or just buy more as the price is falling.

I rarely DCA, I prefer to buy when the price is falling more, but I can advise people to DCA because I know it is still a good means of buying bitcoin.

[promise444c5]

Buying only during the bull run looks like a dumb idea imo.. It could work but you could end up losing more if you stuck at the top and end up taking the loss in a bear market.  

Human only like it when those figures increases, not when it decreases.. now imagine buying large chunk during a bull run because of quick profit and end up stuck for the next 4 years, not sure someone that wanted quick profit can wait that long..

DCA helps when you’re not trying to time the market, no bull no bear .. only continuous buying till you have enough to start taking profit.

A little advice, make sure you have enough emergency funds when doing your DCA.. plan it together.

[Cryptomultiplier]

If they using not going for NCA or DCA to invest, but they are talking about it on this forum, how are you going to know if they are telling lies or telling the truth? You can not know who tells lie from those that tell the truth.

NCA can be very good, but there are other good strategies. Some people can prefer the price to fall very well and buy bitcoin with higher amount of money or just buy more as the price is falling.

I rarely DCA, I prefer to buy when the price is falling more, but I can advise people to DCA because I know it is still a good means of buying bitcoin.

Be it NCA or DCA, I think the bottom line that's of outmost importance and counts as someone who has been exposed to Bitcoin and the crypto currency world, is to try and own Bitcoin in substantial amounts because it is digital gold and unlike gold, the price may make you richer than the current economy of this country allows.

Fiat depreciates in value as it sits in ones bank account, but the greatest tool Bitcoin has that can make you rich overnight is, volatility. The price could pump to an astonishing ATH overnight and one who has been holding Bitcoin either by NCA or DCA over or close to a decade, will automatically become rich and that diversification plan into other investment and assets can actually become a reality.

[Bitcoin-Forever]

We only need to be informed by what is expected of us to do and we don't have to develop much concern about whether other people are investing using the same strategy or not, DCA strategy is applicable for every investor that want to make use of Bitcoin as their preferred aspect of investment on a monthly budget

While the target is mostly aimed at the low-income earners, this is also one of the reasons why bitcoin is available for everyone irrespective of our condition, we are going to always find an entry position for it.

It is a better way to start making things work out than talking about them without making a move, DCA requires action from us and until we take it as applicable to what we do while investing, things may not change

[Pikiboy]

Usually there are people who are doers of what they are preaching but do not engaged in doing it as they preached it, But we know those who are that really doing the DCA as preached and not everyone who has money to get themselves involved doing that dca as that said, i know that dca approach is like something you must keep practicing or involving yourself with if you are that long term holders who is mean to keep gradually doubling their portfolio. For those who doesn't have much interest to buy bitcoin because they had hold enough already may not be that worried involving themselves with the dca approach except for the person who venturing into bitcoin investment and trading that could use that strategy to keep accumulate enough of bitcoin to their portfolio.

[ejikeme24]

If they using not going for NCA or DCA to invest, but they are talking about it on this forum, how are you going to know if they are telling lies or telling the truth? You can not know who tells lie from those that tell the truth.

Maybe he thought he's going to find the truth here, for me I don't think there's any need for that, the most important thing is they are giving you the right information it is  Left for them to decide if they are going to practice it or not. I believe there are some folks here who has gotten the best knowledge about Bitcoin investment but doesn't have discretionary income to get started with their bitcoin investment, but that doesn't mean they can't share Thier knowledge to those who are ready to get started, so its not compulsory that we must show example before you would believe that what they are saying it's true. As a matter of fact, everyone knows that the DCA strategy is a very nice strategy especially for beginners because it minimize the risk of losing all and also give you the opportunity to invest according to the level of your discretionary funds.

[Livingleged]

I noticed something a lot. Everyone talks about DCA very frequently. Are you guys actually practicing what you preach? Or do you trade secretly where no one knows what you are doing?

One can only speak  for him self actually, as for me  I know DCA was what made me to be able  to acquire  some fraction  of bitcoin  if not I wouldn't have had  the patience  to save money just to buy  bitcoin.

Funny enough, a lot of people claim to DCA and only buy Bitcoin during bull runs. It's funny actually. Some DCA but stop when the market is dipping. Yet, they will be the loudest when saying, "Buy the dip, buy the dip."

How did you get your  fact that people  are buying  only when the market  bear I guess that's what you want and not bull!

A lot of you advise newcomers a lot. Always active to show them the front row in the congregation. In the end, they don't follow the strategy that they preach.

Even if they don't practice  the what dey preach  I belive  there is no harm in giving  a good strategy  advice  to help someone  else's  investment you're just over stretching  the issue it's nothing  to worry about.

[Hypnotizer]

I noticed something a lot. Everyone talks about DCA very frequently. Are you guys actually practicing what you preach? Or do you trade secretly where no one knows what you are doing?

So far as what you preach is actually true and good then it doesn’t really matter if you’re practicing it yourself or not, anything you decide to do with your investment is your own business and nobody has the right to question your decision.

A lot of you advise newcomers a lot. Always active to show them the front row in the congregation. In the end, they don't follow the strategy that they preach.

It isn’t a bad thing imo, since they advise the newcomers with good advices. It’s just like when your teacher in school told you not to lie and they still do lie secretly..

DCA is crucial and shouldn't be taken lightly. But how many people here have really maintained the DCA method without stopping? I am talking about years.

It’s all about one's investment goals, if you’ve achieved your goal in accumulation then you can chose to just stop the NCA.

[Rgram]

Funny enough, a lot of people claim to DCA and only buy Bitcoin during bull runs. It's funny actually. Some DCA but stop when the market is dipping. Yet, they will be the loudest when saying, "Buy the dip, buy the dip."

A lot of you advise newcomers a lot. Always active to show them the front row in the congregation. In the end, they don't follow the strategy that they preach.

With regards to practicing what you preach as it’s hot to do with individual investors investment, you really can’t tell either anyone does practice it actively except they open some thread and keep updating on these buys. It might sound hypocritical but, for those that would take the advices serious, they would be sure to reap from that singular decision regardless of if the person giving it is practicing it or not.

One truth remains, the DCA strategy offers much ease as it concerns Bitcoin investment than any other strategy.

[Versatile_choice]

With regards to practicing what you preach as it’s hot to do with individual investors investment, you really can’t tell either anyone does practice it actively except they open some thread and keep updating on these buys. It might sound hypocritical but, for those that would take the advices serious, they would be sure to reap from that singular decision regardless of if the person giving it is practicing it or not.

One truth remains, the DCA strategy offers much ease as it concerns Bitcoin investment than any other strategy.

Surely, we really can't tell if everyone is practicing it or not. But one thing I believe is that those who are being so optimistic about this DCA are going with that method, although I might be wrong but this is just from my own assumption. Of course anyone who is preaching about the DCA without applying it need to be left alone, the truth remains that DCA is one of the best method when it comes to bitcoin investment. If not that op brought this discussion, personally I believe that those who talk about the DCA are either investing with it or recommending it to other people either way, is still a good thing.

[PhilosopherKing]

you don't have to force people to do what they preach. If this person can deceive other and get away with it, they cannot deceive their wallet, because it is when you DCa, that person can be able to ongoingly build up their bitcoin stash without stopping and waiting to time the market. We cannot lie to ourselves, so it is the business of anyone who keep talking about DCa when they are not practicing it ,

DCa is best strategy, it is better than even buy the dip .

[Stable090]

I noticed something a lot. Everyone talks about DCA very frequently. Are you guys actually practicing what you preach? Or do you trade secretly where no one knows what you are doing?

How u wan take know if people Dey do am or not, as long as people claim say dem Dey do am, we no get choice than to believe them now. Some people no go Dey practice am, and some people go Dey practice am and nobody go know. Since na d best strategy be that, dem e better make we just Dey do am like that, nothing concern u with Wetin people wey Dey talk am Dey practice.

Funny enough, a lot of people claim to DCA and only buy Bitcoin during bull runs. It's funny actually. Some DCA but stop when the market is dipping. Yet, they will be the loudest when saying, "Buy the dip, buy the dip."

You don’t have problem with if those people are still buying the dip or now, they might not be having money with them when the market is dropping so they won’t be able to buy, since they are encouraging you to buy, and they are saying the right thing, it’s better you follow what they saying.

Is DCA just something that is talked about but hard to practice?

It’s not difficult to practice, you just have to be determine to do that, and you will be able to achieve that. I won’t really say DCA is a hard strategy to practice, I will say it’s the easiest strategy to practice, and it’s makes bitcoin accumulation easy.

[I_Anime]

Till now I wish I knew dca earlier than the way I way I figured it out because is one of the most effective method to buy bitcoin compare to the others with dca you can also by the dip , to even make things better you can buy the dip without waiting for the dip which will save you more time than waiting for the usual dip like how many wait .

There are several buying method when come to bitcoin investment and still I usually recommend dca buying to users that are interested in buying and holding bitcoin.

[Callido]

Is DCA just something that is talked about but hard to practice?

Everything starts or succeeds with determination, there are investors using the DCA approach to invest, it is not only talked about or flooded in the forum, majority of investors make use of the DCA strategy, but we can't keep record for that, and also some investors chooses to use more than one strategy, a combination of DCA and another strategy is much convenient.