Quote from: cheezcarls on October 19, 2022, 07:27:20 PM

Quote from: Mkelgodson on October 15, 2022, 07:48:02 PM

Dollar-Cost Averaging (DCA) is an investment strategy that is considered by many as a good and simple strategy, and widely in use by investors. It entails investing a given amount of money in a particular security for a given period of time regardless of price. Why most investors consider this strategy is a thing of curiosity.

You may want to know, it helps you develop self discipline (esp as a newbie) while considering the market and your tolerance to risk. Emotion can play a substantial trick in disadvantaging investment decisions. DCA can counter this impact.

Another good thing is that it lessens the impact of volatility as the total investment sum is spread over multiple purchases of the security. This strategy can be very effective if employed during bearish market.

Lastly, the strategy can be applied in any crypto investment, bonds, stocks or any commodities. It's a fine choice! However, you can always stick to what is best for you as an individual.

I've been doing DCA since May 2022 with Bitcoin. As long I can afford every month, I can DCA at least a percentage of my monthly earnings to Bitcoin in order to build and accumulate wealth.

I really don't mind about the price of Bitcoin right now because I am thinking long-term despite the uncertainties of the market these days. They say that the best time to accumulate is when things are going quiet, but that's not always the case. Even if so, I would still buy BTC with my extra "not beer" money.

This is the right thing to do, another problem of the DCA strategy is that it is going to take a lot of time before you see positive results, and this is unbearable for the people of today that want everything to be handed to them right now, so DCA is not really a popular strategy with those which lack patience as they think it is too slow, but if you can keep buying a little bit of bitcoin every single month you will see that when the bull run finally comes you will have a decent stash and your profits will be very high.