Quote from: Kemarit on Today at 03:06:17 AM

Quote from: Roseline492 on October 17, 2023, 11:47:50 PM

Actually this was the same kind of buying strategy or rather method by brother normally use for accumulation of Bitcoin, what he does was that he will have a targeted amount of Bitcoin to be accumulated within a month and with the strategy of watching the market all the time to buy from any little dip he sees so that's the kind of strategy he normally use, according to him he said the method allows him to minimize the amount of money used in accumulating Bitcoin.

It will really work, you can have to find the grind to do it every week or even every month. But for those who doesn't have that patience, they might as well implore the strategy of buying in just one lump sum, and just leave it in their wallet, forget about it and just comeback when we are in the bull run.

Buying at once seems more favorable for those who have bulk capital and have already made up their mind to invest same in Bitcoin. They don't see any need keeping those funds or employing DCA since the fund is readily available. This is not a bad strategy provided the intentions are to hold for long to be able to realize profits. Unlike this method, the DCA seems to be more of a continuous process that is suitable for those with a predictable cash flow system of which certain part will be set aside to invest in Bitcoin. Both approaches or a combination of both is not bad because the target is to build a Bitcoin portfolio that will be preserved for the future.

Quote from: Kemarit on Today at 03:06:17 AM

So it really depends on each individual. But relatively, I will also used the DCA method, I mean I have been using ever since and it has work perfectly, at least in my case and most likely those old timers here

I am also using the DCA method as well and I can say I have not seen anything like it before. It is easy and convenient to apply, enabling me build a portfolio I never thought I could have because there is no way I can save such amount of money at once.

Quote from: Kemarit on Today at 03:06:17 AM

Quote from: Roseline492 on October 17, 2023, 11:47:50 PM

What I understand from this method is that it has to do with a lot of patient and consistently watching the market in other to have a good entry, so is very stressful method and I can't imagine myself using that strategy but however irrespective of the little advantage it may have but it can never be compared with DCA method, because it allows you to set a target and hit it without considering the price movement.

True, but once you get over it (my secret is that I look for the long term goal), it's going to be easy and smooth ride and then after a year or two it will be just like regular, clockwork for you to invest and do DCA without you feeling as if it is being force on you. Of course, there will be weeks that you might not able to buy because of some contraints, but still you can go back and start all over again and continue where you left behind.

For weeks you could not buy due to constraints like traveling or work, you can use the following week to cover that by buying twice the size since the funds for the DCA has already been budgeted. You don't have to start all over again because of a little constraint. This is what I think unless there another way to it.