Quote from: pusaka on October 18, 2023, 04:19:04 PM

Quote from: SeriouslyGiveaway on October 18, 2023, 07:46:07 AM

- The method you're talking about is using small weekly savings to buy Bitcoin. But I'm wondering, what if you have a substantial amount you intend to invest in Crypto, let's say $100,000? How would you use DCA in that case?

Although this question is not directed at me, I am interested in answering this question, especially since I also do the DCA strategy that I do every week.
Before getting into the first question, I will say that in this strategy we need consistency and I think that also includes the amount of money we allocate each week, although I prefer to be more flexible, I mean when we have more money why don't we allocate the extra money? (provided that the money is really money that is not intended for other things.

If I have the money you mentioned, let's say $100k. That money is enough to buy approximately 3.5 bitcoins if converted at the current price. I have plans to buy at 3, 4 or 5 purchases, and it is situational. I will buy now with the amount of 1 bitcoin, I have a plan like this because I still see bitcoin still has the potential to go back down. And if the price goes back down I will buy another 1 or even more bitcoins.

Since you have enough money to invest, you can buy one BTC and hold it for a long time. Some of the new investors who are planning for long term investment may face some dilemma after reading this post of yours. New investors may think you are holding for a long time by buying one BTC and their investment is nothing compared to yours thus they may be reluctant to invest long term. If new investors read your post then they should definitely read my post I hope reading my post will clear all their dilemmas.

First you buy one btc amount of bitcoin with your deposited money and hold it for long time but new investors may plan to invest some amount regularly every month. If new investors think like this then welcome new investors for long term investment. Because with the investment of a certain amount of Bitcoin every month, it will be seen that the new investor's investment amount is much higher and the new investor may never have imagined that after a long time his total investment can be so high.
The difference between a person who invests one btc amount of money and a new investor is that the new investor will invest a part of his monthly income in bitcoins and a person who invests one btc amount of money together has invested money together every month. From this point of view, the person who invests every month is more likely to be successful in his investment because if he invests every month, if the value of Bitcoin increases, then that person will definitely profit.