Everyone talks about DCA. Are you really practicing it?

[B-BossMan]

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?

The issues here now is either someone invested or not investing at all you will not know about that, but talking about ir giving an advices about Dollar cost averaging is fine even if the person is not investing. Some actually didn't investing yet while some have sold their own during the market condition. Well DCA strategy is actually a good strategy that many people feels more comfortable with.

However, it's not that some people aren't investing at all, but some people actually works with plans, some aamay either trying to balance thier finances before investing. While some are procrastinating, thinking that till they have huge amount of money and moreover the Dollar cost averaging is actually the best strategy

[Jubilee58]

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?

The truth is that, you wouldn't know know who is practicing the use of DCA to purchase bitcoin, and who is not practicing, and as for me, am practicing it. The use of DCA to purchase bitcoin is a very good method, and to me I like taking advantage of the bear market while using DCA because this is the time when the riches are mostly made among the bitcoin investors, because when you buy during the bear market, buy the time the bull season approaches you will make huge profit. It is important we advocate for this DCA method of purchasing bitcoin because it is very profitable but not everyone knows how it works, more especially the newbies, they equally need to be well acquainted about DCA to enable tow on the same lane too.

[Yorubek]

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?

Brother your logic is right, but I think the investment decision is your personal one, we cannot force anyone to invest in Bitcoin. We can only give the right advice to an investor on how an investor can achieve long-term success through Bitcoin investment or take advantage of all the opportunities that come from Bitcoin in the future and protect himself from facing quick losses through investment. An investor can buy Bitcoin in different ways, it completely depends on his own decision or plan.

But the main reason behind investing by adopting DCA is so that an investor can complete a long-term journey properly or reach his destination without taking additional financial or mental stress and can hold Bitcoin for the long term. When an investor continues to buy Bitcoin using the DCA method with prudent money, the risk of losing money is reduced and the possibility of making long-term money gains is increased. Since the price of Bitcoin is very volatile, we cannot say for confirm that there will be quick money gains through  tInvestment, but there is a possibility of making money by investing consistently with a long-term plan because the price of Bitcoin increases in the long term.

[ejikeme24]

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from my own point of view, any newbie that is serious and want to learn about bitcoin will not ask if those who are preaching the and advice people to use DAC method to invest in bitcoin are also doing the same, it is a choice and preaching it is very important for everyone in the forum.

Yes, asking to know if those who preach about the DCA are practicing it doesn't make any sense at all, as a beginner your major concern should be if what they are preaching is right or wrong you have no business with the strategy they choose to adopt. if you feel that the DCA strategy is not suitable for you, then you have every right to go for the one you think is more convenient/ suitable for your Bitcoin accumulation. personally, I don't see any strategy that is as good as the DCA strategy, I know there are other strategy but I find DCA strategy more convenient than every other strategy.

[Sonia_123]

With the way the economy be for Naija, na the only sure method wey bitcoiners for Naija fit adopt to be that, if not dem nor go fit easily invest because of high expenses wey we dey pass through for our immediate family and our loved one because you nor go feel the financial stress at all.

DCA na strategy wey investors nor dey take play at all because anytime you need am him dey for you without stress, so any investor wey nor dey use am dey miss out and nor wan grow fast.

[Out of mind]

If the investment is made following the DCA strategy, then the risk is greatly reduced, in which case many people use such strategies. But although many people talk about this strategy, they do not invest using DCA, rather they just talk about it. But there are many who invest using the DCA strategy to reduce their risk, it saves them from losses and assures them of high profits. I think those who use the DCA strategy plan to invest for a long time, according to their plan, they continue to invest with this strategy and increase their funds. However, although investing using the DCA strategy is easy, it is very difficult to hold it patiently for a long time. That is why I think it is not enough to just invest by following this strategy, but you have to control yourself and prolong the investment journey and be patient.

[GPVibes]

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.

If you are talking about years, you may get no one because the investment may not be consistent. It takes alot for you to keep it going for years because there is also rise and fall in human life and so stop and start is possible.

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

You hear DCA because it is the way to accumulate bitcoin to get better and consistent profit but whether people practice it, is another thing. So if you have money to invest you follow DCA, it is for your own good. They say it because it is the better way to grow your hodling especially when price is down.

[Different patterns]

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?

There’s difference strategy wey people go fit use to invest in bitcoin, and is not necessary to use that same strategy that you preach, DCA is just a easy way to explain for newcomers on system, that’s to encourage them whenever they have their discretionary funds to invest, DCA is a easy strategy to use, some people may preach DCA but not using that same DCA because there’s another method of investing in bitcoin apart of DCA.

[Crakryptvest]

Op not everyone talks about the DCA strategy as you concluded it, and even if it is been said that practice what you preach, you should known that many persons don't do that but they talk more on it, know much about it but won't still do it, the question now is, how many persons are acumulating and hodling Bitcoin for real as they say it here, of course we know the answer, in Real life there are some intending investors that has no idea of the DCA method, I think they are the ones that needed to be reached, there's no person here that's without the knowledge of the DCA strategy apart from pure newbies, let.me now answer the op question, I practice the DCA method because it make things easy for me, I dong need to put myself in a high jump to invest in Bitcoin rather I need to invest gradually with my discreationary income which makes the process and the journey easy for me.

[gracreavix]

There's sense in what you dropped and also some nonsense in it. But we are all here to air our opinion. It's normal for people to preach and not practice it. DCA is not the first thing that people lie about. It's not new. People talk about DCA and truly it is difficult to practice. There is fear in people's minds that when they see danger, they run, while others see opportunities. Same with bear markets. Dips to be precise.

The main problem is that as everyone is talking about it, it is creating the illusion that we all here are wealthy. Which is not the case. I am not objecting  those recommending DCA and not using it. Good advice is good advice. It's a choice for the teller to follow his or her own advice.

At the end of the day, consistency will always beat amount invested. Someone can invest an amount in Bitcoin and stop. While someone who consistently does it will gain more momentum than the latter.

[Obari]

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?

Whether those who preach it practice it or not shouldn't bother you what should matter to you is that you are doing the right thing, because you never can tell what people are up to, so rather than getting bothered with what people are doing with their lives, you should be busy fixing up your portfolio and using what they preached to your advantage.

It is also worth mentioning that, even those who preached about it might not be so confident to want to declare that they hold the coin because of their personal safety.