Quote from: Dictator69 on August 23, 2023, 07:13:46 AM

Quote from: Furious 7 on August 22, 2023, 09:44:19 PM

It depends on your own strategy and choice, I think. Regardless of whether you want DCA or waiting if you really believe the price you are waiting for will be reached then that is also no problem as long as the focus is still buying regardless of buy on the dips or DCA you determine what you think is best.

But in this case I will still do both, DCA is one of the things that I still continue to do and stopping DCA means I have lost consistency in it and it will be annoying on the other hand that does not mean I am not preparing to buy on the dip because it is also still possible for me to do but on the other hand this is also not to be a reference for others because again all have strategies and patterns that they do in collecting bitcoin it's just that this is my version regardless of this is one of greed or impulsiveness I have no problem with it because I have considered my financial condition.

Got it, We should do DCA for the long run and for the short term we should do lump sum because I have found one calculator to calculate what results we might get if we have done lump sum or DCA. Well, here is the site Not trying to promote it here instead sharing for info only. https://dcacryptocalculator.com/bitcoin

Well, I have got some results by entering some dates and in the last 6 months we make profit only if we have done lump sum but by doing DCA we might lose the asset's value. The thing is, accumulating is all matter as you said so I think I am agree with you.

We need to consider that we will not always have a large amount of funds ready at once, so in this case DCA is possible. Although not all of them are like that, most people, including me, are always constrained by financial conditions and it will be very difficult if they buy btc in large quantities at once so by thinking about things like this, I prefer to make gradual purchases with the time and amount I want beforehand.
This is in order to maintain our consistency in making purchases and in order to maintain the financial condition that we have from income to remain stable and the purchase of bitcoin does not affect the expenses we make every month.

Quote from: adultcrypto on August 23, 2023, 02:19:46 PM

Quote from: Furious 7 on August 22, 2023, 09:44:19 PM

But in this case I will still do both, DCA is one of the things that I still continue to do and stopping DCA means I have lost consistency in it and it will be annoying on the other hand that does not mean I am not preparing to buy on the dip because it is also still possible for me to do but on the other hand this is also not to be a reference for others because again all have strategies and patterns that they do in collecting bitcoin it's just that this is my version regardless of this is one of greed or impulsiveness I have no problem with it because I have considered my financial condition.

Most people do not really know how easy DCA makes life to be in the aspect of buying bitcoin. The greatest challenge people have about bitcoin investment is knowing when to buy and when to sell. DCA removes this burden and allow you do this things seamlessly. I used to be very emotional about investing in bitcoin but with DCA, I am like a robot... only following the rules as I set them. This save me energy and time and help me better manage my resources. It also make me not to buy under compulsion or put myself into pressure as regards to other things of life.

Hey, I don't really agree with saying about the ease of DCA because if we feel DCA and without careful calculations beforehand, such as not having a rule on the amount to be purchased every week / month (in DCA), it will actually make you hassle and stop your DCA because you are wrong. in taking action especially in managing the amount of purchases made.
Apart from that, maintaining consistency in DCA requires struggle and not everyone can do that.

A few things about knowing how to actually buy or sell when we are in DCA, if we really want to be consistent within a certain time frame, we don't think too much about the price when buying, because our commitment is DCA. When the time is set to buy, then use that time. When investing, especially for the long term, we are aware of what to do when and where we will stop, so it won't be too disruptive in the near term, and I'm also not too interested in selling in the near future, especially during DCA.