Quote from: Popkon6 on Today at 01:37:45 PM

Quote from: Mayor of ogba on Today at 10:16:47 AM

Quote from: Raflesia on January 11, 2024, 07:34:38 PM

Now that btc has gone up even more and the price is currently over $40k so here too sometimes it will always be a problem for some people who are in DCA because they will think that this is too high to buy

One thing we must know about the DCA strategy is that it doesn't mean we are going to buy Bitcoin at a low price all the time. Since we have a fixed amount to invest in Bitcoin at regular intervals it does not matter whether the price of Bitcoin is high or low. As a result, the investor will be buying less of Bitcoin as the price is relatively high, and buy more of Bitcoin as the price goes lower. For instance, an investor can decide to invest in Bitcoin with the DCA strategy. His first buy can be 0.0373 BTC, and his second buy 0.0333. The DCA strategy can make investors pay less to accumulate Bitcoin.

Admittedly, the DCA strategy helps investors accumulate bitcoins. If you invest in the DCA method you are accumulating bitcoins regularly. Just take the risk to accumulate bitcoins first and then invest in regular DCA method and your dream will come true. Investing in the DCA method only saves a lot of investment according to the average of the previous purchase and the current purchase of Bitcoin. This is why the DCA method is so popular with investors that thousands of investors have found their success.

Yes, it is true, and on average this strategy is more widely used and recommended for those who do not have large capital at one time so it is clear that the existence of DCA really helps all circles, with this strategy now not only people who have a lot of money can be involved in the accumulation of bitcoin but people who have medium to low finances can also be involved because of the system of putting the amount periodically and also with a low level of risk.

On the other hand although this is very good but I think it will not always be that easy to be able to realize dreams at the end of the engagement, you must really have very good planning and management of your bitcoin accumulation, even though you use DCA which as we know this strategy is easier but on the other hand if you don't have good management of the following finances by still not being able to be consistent in doing it I think you will not be able to get the maximum results, The key is to consistently put money on bitcoin periodically, it can be once a week or once a month, it's all up to you if you have been able to plan everything including by preparing a budget for your DCA allocation at any time then I think everything can go well. What must be considered and prepared is, in terms of dividing money, first separating the money for living needs and another thing is that you must also have personal savings outside of your bitcoin investment, the reason is that you will never know what will happen in the future, it is very possible that you experience something unwanted that forces you to spend money, not infrequently people who fail in their DCA method because they do not have good planning and preparation. So if you have a personal savings account, if something unexpected (that requires money urgently) happens, you will not disturb the money for your bitcoin accumulation budget because you have prepared a personal savings account to handle it.