Hold on, is DCA really JUST for the POOR?

[Agathamay]

Conclusion: DCA is an investment strategy made for all, not just for the poor.

What do ya'll think my fellow 9ja people.

Wether you're poor or you're rich, it is worth knowing that, as long as investment (digital) is concern, the DCA  technique would always be one of the best strategies to apply without having to bother oneself so much with checking the market happenings.

I agree with you op that the DCA technique isn't meant for a specific class of people but rather for anyone who wants want invest without having to bank a bank and adding to why op use already said, I do believe that, the DCA technique is best effective when there is a plan and target on ground and since there's no specific amount of money expected to be invested at a period of time, I do believe that, DCA can be done according to our financial capabilities.

[Alonso_]

If someone is poor, where is he or she even going to see money to invest in bitcoin not to talk of NCA? You will see poor people buying things on credit before they receive salary. As long as someone have discretionary income, I do not think such a person is poor.

Also you can see a a rich person using NCA to invest in bitcoin.

You made a very valid point here, when someone is poor how do they even get money to invest in bitcoin, Investing in bitcoin isn’t free it’s all about money, so a poor person can’t invest in bitcoin, so that absolutely means that they will need and require to have money, mostly a discretionary money, talking about it to invest through the DCA, what we would need is to have money first of all before we can invest through the DCA, anyone that is investing in Bitcoin I don’t see them as poor people, because poor people wouldn’t have money to buy bitcoin or be investing in any cryptocurrency.

[Olatundespo]

Bitcoin price is cyclical and volatile. The strategy of buying Bitcoin when the price is falling and selling it when it is rising is risky and is called trading. And the title of trading is very similar to gambling.

DCA method is best for Bitcoin accumulation because it is a good strategy for investors of all income levels regularly at each price level in the face of price volatility. This strategy benefits every investor, rich or poor, equally because if you are poor and do not have excess funds, you can accumulate Bitcoin every week through discretionary income. It will be more convenient for wealthy investors because they have excess funds and can reach the overaccumulation stage in a short time by buying more Bitcoin sat.

[SPIDERMAN008]

If someone is poor, where is he or she even going to see money to invest in bitcoin not to talk of NCA? You will see poor people buying things on credit before they receive salary. As long as someone have discretionary income, I do not think such a person is poor.

Also you can see a a rich person using NCA to invest in bitcoin.

You made a very valid point here, when someone is poor how do they even get money to invest in bitcoin, Investing in bitcoin isn’t free it’s all about money, so a poor person can’t invest in bitcoin, so that absolutely means that they will need and require to have money, mostly a discretionary money, talking about it to invest through the DCA, what we would need is to have money first of all before we can invest through the DCA, anyone that is investing in Bitcoin I don’t see them as poor people, because poor people wouldn’t have money to buy bitcoin or be investing in any cryptocurrency.

Investing in Bitcoin requires financial capacity. It is not a matter of being very rich, similarly, if someone does not have the financial capacity to meet their needs, then they should not invest in Bitcoin. The main point here is that there must be discretionary income to do DCA. The question here may be whether if the discretionary income is low, then investment can be done or only if it is high, then investment can be done in Bitcoin. In this case, the answer is very simple, if it is low, then DCA will be done with less money, if it is high, then DCA will be done with more money. If the income increases with time, then DCA will adjust the amount. If you invest with a long-time mindset, it is possible to be successful in the long term.

[liasbaa]

If someone is poor, where is he or she even going to see money to invest in bitcoin not to talk of NCA? You will see poor people buying things on credit before they receive salary. As long as someone have discretionary income, I do not think such a person is poor.

Also you can see a a rich person using NCA to invest in bitcoin.

You made a very valid point here, when someone is poor how do they even get money to invest in bitcoin, Investing in bitcoin isn’t free it’s all about money, so a poor person can’t invest in bitcoin, so that absolutely means that they will need and require to have money, mostly a discretionary money, talking about it to invest through the DCA, what we would need is to have money first of all before we can invest through the DCA, anyone that is investing in Bitcoin I don’t see them as poor people, because poor people wouldn’t have money to buy bitcoin or be investing in any cryptocurrency.

I disagree with you. I have seen many poor people who are accumulating Bitcoin but they did not have any cash fund in the initial stage. They did not have any stable source of income they only had discretionary income which is very little. Gradually they become serious about Bitcoins and increase their efficiency to increase their income and increase the speed of Bitcoin accumulation. This is because of the future potential of Bitcoins, and to protect fiat from the harmful effects of inflation.

I also say for a poor person, investing in Bitcoin is not important. But if he can meet his basic needs and can keep a small amount of discretionary income at the end of the week then he can accumulate Bitcoin in DCA method although it is not mandatory for him but by depositing a small amount and being committed for the long term then he can get a huge Bitcoin holding after 4-10 years.

[Supreme Donvic]

First of all you need to remember that DCA strategy means investing a particular amount of money consistently and doing this for a long period of time. It is all about investing the amount of money within your capacity, a lot of people think that this strategy was created for only the poor but the rich can also buy Bitcoin and keep on accumulating Bitcoin. DCA is not only for peopl that are poor. This is a weird idea some people have, instead of them to start from whatever amount they want they to get started.

That is what a lot of people are thinking that DCA strategy of Bitcoin accumulation is for the poor people and not for the rich people but they fail to understand that a poor man cannot even involve himself in Bitcoin investment not to talk of using DCA strategy of Bitcoin accumulation, because a poor man does not have a discretionary income if you have a discretionary income then you're not a poor man.
DCA strategy of Bitcoin accumulation is for everybody both the low class, middle class and the high class in the society.