Quote from: chr1stian12 on Today at 01:13:20 PM

Quote from: JayJuanGee on Today at 03:54:46 AM

Quote from: chr1stian12 on Today at 12:34:55 AM

Good thing is you can do DCA even in other tokens not just Bitcoin. Adding research to any other token that has great potential will be a great help and to do DCA which has also risk but you do believe in the project itself is enough. Invest what you can afford to lose and wait for years to profit.

Don't fuck around with shitcoins. DCA works for assets that have long term strong fundamentals, and shitcoins do not have that. Don't be applying DCA to trading and/or crappy projects and expecting that you are going to be able to invest long term into crappy projects that are, at best, a trade that you get into and out of.

With bitcoin you can invest on a 4-10 year or more time line and have fairly decent confidence that bitcoin's price trajectory is upwards during that time, but you cannot have that kind of expectation with any of the shitcoins. So, don't be misapplying the benefits of DCA to shitcoins, where you could well get screwed pretty badly when the shitcoin is ONLY spiraling downward and you are continuing to buy it every week. At least in bitcoin, you can consider that your ongoing buying of it, even if it is spiraling downward in price , it still has decently good chances of recovery, and even greatly performing in the future 4-10 years or longer.. Yeah, even with bitcoin it is not guaranteed to be profitable and/or to have a upward price trajectory, yet the odds of bitcoin having an upward price trajectory 4-10 years or longer down the road is way better than any of the various thousands of shitcoins that try to act as if they are like bitcoin when they aren't.

So any tokens other than bitcoin are called shitcoins? I don't actually mean to invest in shitcoins though. "Has Great Potential". But I really do believe that Bitcoin is really going upward for years to come. 100% . Chill out man.

You want me to chill out, and you are the one who made the dumb-ass and even potentially misleading assertion that DCA can be applied to other tokens... You did not even mention which token or how anyone would determine that a token would be eligible to apply DCA to it.. .. Don't get me wrong. It could be possible that some tokens (yes shitcoins) could be eligible for DCA and/or long term investment - yet it seems quite dangerous to presume that DCA can be applied to whatever project without first figuring out the strength of the investment thesis for such coin and also the timeline for the investment and perhaps if you might be willing to invest into such token for 4-10 years or longer.

With bitcoin if you plan to invest in it for less than 4 years, then you are likely trading rather than investing, and sure, you might enter into such trade with a DCA approach.. .. let's say for example, you were to want to invest $5,200 into bitcoin within the next 6 months and then you were wanting to get out somewhere between July and October of 2025, yet you don't have $5,200 available, yet you know that you can set aside $200 per week for the next 26 weeks in order to establish your $5,200 position, and yeah that would be DCAing into a fairly short timeline trade, and I think that would not be a very smart approach, yet I can see that some folks might want to use DCA in that kind of a way, especially if they might NOT have a lump sum available to themselves, and personally I would suggest that such a person appears that they are investing with money that they cannot afford to lose, since they are wanting to get it out within less than a year for the earlier parts of their invested amounts and the later invested amounts might ONLY be in the investment for a few months before they plan to cash out.

People can do what they like, yet I would suggest that a preferable approach for a person with that level of a budget would be to invest $100 per week into bitcoin for 4-10 years or longer and then see how their investment goes, and surely they could also supplement their DCA approach to their BTC investment with lump sum buying (at times that they might get additional cash come available to them) and also potentially buying on dips too, to the extent that they might want to hold back some of the amount to buy on dips. I don't tend to recommend buying on dips for newbies, yet it can be a tool to supplement DCA and make some folks feel a bit better, even though buying on dips could be a bit problematic during periods that the BTC price is on an upward run, even though many of us realize that the BTC price does not tend to go straight up, but some times the dips might not come back down as much as could have had been bought by merely investing right away through more of a ongoing persistent and consistent weekly DCAing approach.

Quote from: Outhue on Today at 01:41:27 PM

Quote from: sheenshane on October 09, 2023, 11:13:42 PM

DCA is actually good but I think you shouldn't forget the downside of it.
It could be DCA may result in higher cumulative transaction costs over time compared to a big sum investment in a time.

This is really good for a long-term accumulation of Bitcoin, DCA can be an effective way to accumulate Bitcoin over several years. But if you think in a short period of time, forget the DCA option. Because when we say a low-income earner, it should be always a priority in our daily/necessary needs, and only invest what we can afford.

It shouldn't matter, DCA brings convenience, I am sure people will choose the easy way of buying Bitcoin over the gradual pile-up of the transaction fee.

People like Michael Saylor will buy Bitcoin in one go because they have the money, even if the trasnction fee will be extremely high they won't care, but for someone who is trying to DCA, you shouldn't care either because the amount you plan to buy is small, unless the transaction fee is very high at the time.

The rich will buy 1 BTC with no problem, when the market dips they will just buy again, and people like us can only buy $50 worth of Bitcoin per week or month, because this is what we can afford, the transaction fee isn't even close to $1, in a whole year it is $12 if done every month, even if it is every week I believe it is worth it.

Sure DCA can be used in the context of investing however much disposable income that a person has available, such as small amounts of $50 per week, yet Saylor and Microstrategies is also employing variations of DCA since Saylor is budgeting the buying of BTC every quarter with whatever level of extra money that he (and his company) has available, and he has been doing that pretty much since July/August 2020. so even if the amounts for Saylor/MSTR is greater, he has still been employing a form of DCA. Another thing is that Saylor is using various kinds of financial instruments to get more cash to buy bitcoin, yet that does not really change that he is (and has been) buying BTC on a regular basis (every quarter) at whatever price BTC happens to be with whatever amount of money that he (and MSTR) has allocated towards BTC purchases for that quarter, which is nearly a text book definition of DCA, even if the amounts are way beyond the budgets that any normal person would consider.

Bukele (and El Salvador) has been doing a similar thing with their buying 1 BTC per day since late 2022, even though most of us plan our DCA in the quantity of dollars (or fiat) that we have available, Bukele had decided to use BTC as his unit of account for his ongoing daily purchases of BTC. I personally prefer weekly and I also personally favor the idea of figuring out your disposable income in order to DCA invest into bitcoin based on such determinations in regards to how much disposable income that you have available, yet people, institutions and/or governments are free to choose their own style and whether they employ DCA or not or if they might DCA with some supplementation of other methods of their ways to accumulate bitcoin through buying at various points of time or based on when money comes in and/or sometimes based on their assessments of dips in the BTC price.