Quote from: teamsherry on February 05, 2024, 10:30:16 PM

Quote from: Falconer on February 05, 2024, 06:14:42 PM

Quote from: Justbillywitt on February 05, 2024, 05:03:41 PM

Quote from: Su-asa on February 05, 2024, 10:54:53 AM

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You don't need to have thousands of dollars before you can start bitcoin investment, that's why we have the DCA. Good a thing that bitcoin can be bought at any fraction, depending on the money available. Yes you are right about nobody knows when the price of bitcoin will be low. But that's why it's always advisable to make plans ahead of time, by keeping a certain percentage of your investment funds for buying the dip, should in case the dip happens, so you won't be caught off guard. When bitcoin is high we don't save money and wait for it to low before buying, we buy through DCA when you think that bitcoin price is high. This is why we have the DCA. Nobody knows when it will low. Saving the money is not advisable as you might miss out buying. When it's low buy the dip, when it's high buy with DCA.

Building an investment portfolio with the DCA strategy sounds easy and very easy to understand. You only need to have a budget and set aside some for DCA, then you can buy at any price (real time price) without hesitation. However, in practice, not everyone has the same courage to act. Look at how many of them don't dare to buy when Bitcoin experiences a correction, they seem afraid that the price will fall even further, causing them to suffer losses.

Maybe, they don't understand the strategy and understand how the strategy works. Accumulating assets with the DCA strategy is a better way based on my personal experience, it is clearly profitable because it is likely that the amount of assets you accumulate will be more than a lump sum. For long-term goals, an accumulation strategy with DCA is the recommended one. Not only for bitcoin, even if you want to invest in real assets (for example gold) this strategy also works.

IMO your right about DCA beign the best strategy for accumulating bitcoin, but for you to stay it is clearly more profitable than lump sum or any other strategy in terms of accumulation might not be totally right, cause I also believe that other strategies if we'll practiced can give good results too, just that DCA has better advantages for beginners than others.

You just admitted that the DCA is the best strategy when it comes to accumulating bitcoin. So if one method (DCA) in accumulating over the others then I see no reason why you are having difficulty believing that it is more profitable than the dip and lump sum buy. Something that is the best clearly has the advantage over the others. DCA gives you profit at all level of market prices and reduce loss. Your capital invested is not adversely affected in case of sudden dump in market pricing of bitcoin. No matter how well you practice the other strategies DCA stands above them and always preferable. DCA is profitable for all levels of investors and not just beginners as you think, you see that's the more reason why DCA is always the wise choice as it embraces all level of investors.

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In terms of DCA you might end up buying bitcoin for a higher price if the price continues to soar as you buy and accumulating less than someone who buys only on dips or lump sum, I'm not saying that any strategy is better than another here.

If the price continues to soar high then where is the person waiting for the dip going to buy? No where so you continue waiting for only God knows how long. But DCA is always getting you covered, as you are always buying at different stages no matter how little it may appears. It is better than someone who is waiting for a train in an airport. Moreover a little drop of water makes a mighty ocean. As the price keeps soaring keep accumulating with DCA and you won't be left out.

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Lest assume this senerio that, Mr A uses DCA uses DCA to accumulate bitcoin as his only strategy and he has an income of 2500$ and decides to allocate 10% to buying bitcoin weekly, so he buys at the first week at a price of 45,000$ and second week at 50,000, third week at 55,000$ and finally at 50,00$, he ends up buying at an average price of 50,000$ and accumulates a total of 0.05 bitcoin for his first month for an uptrend market.

Let say the same allocation with an down trend market of 49,000$, 45,000$, 40,000$ and 39,000$ price at each buying interval, he ends up accumulating a total 0.0578 bitcoin at an average price of 43,250.

You are forgetting one thing here, as an investor who is investing in bitcoin through DCA, you do it at all market conditions. This is what the DCA is all about. Both in uptrend and in down trends. DCA means continuous buy at different levels of the market at a certain intervals.

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What I'm saying is that the DCA strategy does not always favour you in all market trends, but you have to worry less about fluctuations and market volatility since you are buying for the long term hold.

You are wrong about this assumption. The DCA favours you at all market trends. That's why it has been the best for years and still counting.