Quote from: Lidger on Today at 02:58:57 AM

Quote from: MusaPk on December 22, 2023, 06:25:34 PM

Quote from: JayJuanGee on December 21, 2023, 07:55:19 PM

"8 ) your abilities to strategize, plan, research and learn along the way including tweaking strategies from time to time,"

https://bitcointalk.org/index.php?topic=5376945.msg58719590#msg58719590

I personally think that number 8 can deal with a lot of things in terms of how much time anyone has to be able to spend on bitcoin and learning, and if you do not have a lot of time, then you need to attempt to maintain a less aggressive and maybe even a more passive strategy, and DCA works pretty well for someone who does not have a lot of time to study into bitcoin or even to study into various kinds of strategies to monitor if the BTC price is going to go up or down.

DCA is not only recommended for people who don't have time much time to study but its also adopted by people who have sound knowledge of Bitcoin. Because as you study more about Bitcoin and strategies to invest in Bitcoin you get to know that DCA is quite a good option to go for it. There are other options also but DCA is different in a sense that it benefits everyone the same way and this is something not available in other investing options. What works well for me may or may not work for you.

DCA method is a sound investment method not only for those who do not have enough time to study about Bitcoin but also for all investors. You are an investor and you certainly never want to be limited to the investments you made in the beginning. That is, if I say the matter clearly, then the matter is that once you invest in Bitcoin, you don't stop investing, but you invest in the future when the time gives you an opportunity. And this is called DCA method of investing.

I don't know how you think about investing but investing is a bit different for me. It is difficult for me to manage a large amount of money at once so I started my investment with a relatively small amount. After starting investing with less money I have been making my investments regularly so I am not stressed. We have to invest in such a way that we don't have to sell the investment later. I have enough money to invest and I invested with all my money, after some time it appeared that I needed a lot of money and I immediately sold my investment. Isn't it really long term investment?

Even if we invest a relatively small amount of money, we must maintain that investment for a long period of time. Bitcoin price is changing every moment whether it is positive change or negative change. If I continue to invest continuously in the midst of change, but considering the profit and loss, at the end of a period my capital amount will be much more and if I keep that large amount of capital for a long time, I will definitely get a lot of good from my investment.

Investing in bitcoin using DCA is indeed a good thing for all levels of bitcoin investors. Because by using the DCA method, those who have large, medium and small funds can model it well. Whether it's once a week, or once every two weeks, or once a month. So whatever income Bitcoin investors have every month, it can be accumulated well. Apart from that, investing money in bitcoin using the DCA technique is also profitable with minimal risk of loss. So you don't need to worry, when you experience a decline in the bitcoin market price. Because if, for example, the money you invested in Bitcoin in the first month decreases due to the drop in Bitcoin prices, don't worry, because in the second month you will most likely be able to cover the entire amount. reducing the amount with the money you invested in the second month. Therefore, the DCA technique is both highly compatible and complex when used to invest in bitcoin.

Everyone definitely has different abilities regarding the amount of money they want to invest. So if you are a typical bitcoin investor who prefers to invest small amounts, then there is nothing wrong with that. Because the most important thing is that you are consistent with the DCA that is being carried out. And regarding whether the bitcoin investment you are making is long term or not, it depends on how long you hold the bitcoin. If for example there is more than one bitcoin cycle (4-5 years), then the investment can be said to be a long-term investment.

Investment assets definitely experience changes in market prices and this also applies to bitcoin. Therefore there will always be a decrease or increase. So your point about holding bitcoin longer is a very good thing if implemented. And to anticipate price declines and increases, DCA is here to be the solution.

And a little advice from me, when you do DCA, you should send your bitcoins to your wallet at least every two accumulation periods. Because currently bitcoin transaction costs are quite high. So to minimize this, it's a good idea to collect bitcoins on the exchange first, and if you have collected a large amount of bitcoins, then send them to your wallet. Moreover, you like to do DCA on bitcoin with small amounts.