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.

[Cossyblack]

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.

Whether poor or rich, what folks needs to invest in bitcoin in only discretionary income. If folk has discretionary income even it's as low as $5 they can invest in bitcoin using the DCA strategy. So As long as a poor man can figure out that he has a discretionary income even if it's low,he can invest in bitcoin. The only difference between a poor man and a rich man is how much they are investing in bitcoin and their consistently. A poor may not be able to figure out discretionary income consistently weekly or monthly but rich man could become he has already build that financial capacity before he started investing in bitcoin. So a rich folk will build his portfolio and reach his target faster than a poor man.

[Promocodeudo]

DCA strategy is not meant for some set of investors alone rather it is for every investor, it is just an understanding, someone can be buying in lump sum which we know that the funds for this, is bulky and not available all the time, due to the stated reason, he can decide at some point to start buying with the DCA strategy because it's benefit, the DCA strategy helps every investor to keep buying consistently with their discreationary income, infact the good part of this strategy is that, you can buy with any amount you want or can afford.

this strategy doesn't add pressure, the reason why people can view it as a Bitcoin investment strategy for the poor is that, investors can go as low as $1 and it allows everybody to invest irrespective of their financial capacity, so atleast anyone can invest but in real sense, the DCA method is an efficient method of accumulating Bitcoin and that's more reason why those that have a fixed period when they are been paid prefer it, because it makes Bitcoin accumulation very easy for them.

[Sulegzy39]

In my opinion People can begin with simply $10 or any other little sum and learn as they go. In addition to buying Bitcoin, they can create their own support fund. So a person may need to determine whether they have the necessary funds. We can make long-term investments with very little sums of money, and each of us can choose the amount based on our own capabilities; we do not need to be extremely wealthy to invest.

However, regardless of the amount, everyone should handle their finances carefully to avoid losing everything later due to a mistake. If he continues to acquire Bitcoin and increase his support fund, he will likely be in a better position to maintain the investment in a disciplined manner for an extended period of time.

[Dex_master25]

The poor people I would like to think are those who have bad financial habits. Who don't know how to make a plan and fulfill it because of laziness and not because they don't have a source of income to see it through. That's because, being poor is a state of the mind that is physically manifested and that also means that a poor person can decide to become rich if they choose to be more responsible and more disciplined about their finances and that includes DCA strategy of investment in Bitcoin.

Am sure we agree that DCA strategy is not a get rich quick scheme nor is it a crowdfunding kind of scheme, but it is more like saving your money in the bank and hoping that it would rise to a significant amount in years time because of the fact that inflation will always be a thing in our economy and the government ain't making it any easier.

The rich save money, they buy asset like land, gold at a cheaper price and keep it for years before selling because at this time, the price has tripped. So it is for those who understand DCA strategy, because it is simply saving Bitcoin until the price doubles or triples in the future and it can be sold to get more money as at then, because trust me, this economy of ours require years of structural visitation b fore it can become steady enough.

[Y3shot]

DCA strategy is not for the poor but for all. You can be rich and still want to use the DCA strategy to buy Bitcoin. Using the DCA strategy doesn't mean you are broke; it simply means buying some amount of Bitcoin and requires one to consistently invest in Bitcoin. It is a strategy that allows people to buy Bitcoin according to their own ability. The DCA method also means accumulating Bitcoin, and as a Bitcoin investor, it makes sense to accumulate Bitcoin because it yields better results. Everyone has the amount of Bitcoin they can afford, even the rich, and this is why one needs the DCA method as a strategy to accumulate Bitcoin.

[gracreavix]

DCA is suitable for everyone, not just the rich. It eliminates the need to buy in bulk. A lot of people don't have that kind of bulk cash, and those who have it don't know how to time the market. So, to address both scenarios, DCA fits both. I even think wealthy people use DCA more. And for those that don't have the bulk cash, you can pick an amount you are comfortably invest in Bitcoin. It shouldn't be weekly, monthly like people. Make sure you do what you can do. There's weekly, monthly, quarterly and so on. Just do what fits into your own pocket and time.

[CryptopreneurBrainboss]

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

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

From the name alone it is quite obvious that DCA is for everyone and not just for a particular class of people. To think about it it seems DCA suits perfectly for someone with a good source of income as it gives them the perfect template to invest a specific amount of money over a long period of time so contrary to what others are saying I might even say DCA fits a rich person than a poor person. If I was a poor man what I most likely do, is to buy Bitcoin in a large quantity when the price is very low than DCA but as a rich person I will just continuously DCA until I have invested so much that I consider my portfolio big enough to give me the kind of profit that I need but still DCA fits everyone and that's what make this investment strategy the perfect one to use in investing in Bitcoin for a long period of time.

[Hardyrobust]

 There is no strategy that is for the poor folks not even the DCA strategy is meant only for the poor. The DCA strategy can be used by both the poor and rich folks. It is only people that don't understand the purpose of the DCA strategy that will think it is meant only for the poor folks. The DCA strategy saves investors the stress or fear of not going in all at once. So instead of a single buy, an investor can decide to buy bitcoin at different intervals using the DCA strategy. It is not only those with low discretionary income that is entitled to use the DCA strategy. Even those with large sum can decide not to Lump sum and use the money to DCA . Therefore, the notion that the DCA strategy is only for the poor is very wrong.