Quote from: _BlackStar on Today at 08:15:41 PM

Quote from: tvplus006 on Today at 07:59:04 PM

Quote from: JamesDaniel90 on July 15, 2023, 01:49:12 PM

-snip-

If you have a choice at the moment, then I would recommend that you refrain from trading and focus on long-term investing. In this case, you need to figure out what DCA is and how to use this strategy correctly. Perhaps this recommendation will help to save your deposit.

I recommend DCA as often as possible for beginners especially if they want to invest. I certainly wouldn't mind if they bought bitcoins with all their budgets - but DCA can help them get their average price lower. DCA is also adopted by many seasoned investors - even if they are institutions. El Salvador also adopted DCA when they invested - MicroStrategy did too.

But if the OP wants to trade - then surely we have no right to change the plan. The OP can trade and take advantage of price fluctuations - but he should know what the risks of trading are in both the short term and the long term. He should learn to do analysis as often as possible instead of expecting advice from other users on the forum.

DCA is recommendable but of course it would really be at advantage into those people or company or institution who do have tons of money on which they could really be able to utilize on such kind of method.But how about into those people who do only have that sufficient amount of money that they could really be able to make use? For sure you would really be finding for the bottom price on which you could possibly be trying out to find
on what price it should be. This is why it would really vary if we do speak about decisions that to be made specially on trading field because not all would really be having the capability on doing such condition or situation
which DCA do might pertain about to those people who are really trying out to break even their losses specially if they have bought on the peak on which averaging out their entry which would result into break even or profits
on the time that the price would really be making out some recovery on which its not really that something new for them to have this kind of consideration on making such step.