Quote from: Odohu on February 05, 2024, 09:48:21 PM

Quote from: Mayor of ogba on February 05, 2024, 07:15:14 PM

I agree with you that buying a fixed amount of bitcoin will ruin his bitcoin accumulation plan because if he sticks with buying a fixed amount of bitcoin weekly or monthly, he will end up not making a provision for emergency funds. For instance, If he bought his first bitcoin of 0.003 BTC at $42700 and wants to buy another bitcoin with a fixed amount of 0.003 BTC and the bitcoin price is at $50k, he will have to pay more money to accumulate the 0.003 BTC, which will make him use most of his weekly or monthly salary to accumulate the fixed amount of bitcoin, and he will depend on his bitcoin investment to settle his financial needs because the strategy he adopted to accumulate bitcoin did not allow him to keep an emergence fund. I see this as gambling because he might miss out on owning a bitcoin.

I don't know if the DCA method can be calculated in terms of the Bitcoin quantity because what I do know is that it is based on dollar amount that is why it is called dollar-cost averaging. If an investor decides to buy a fixed quantity of Bitcoin per time irrespective of price fluctuations, that is possible and achievable as it may be that he would have set a target to achieve in terms of Bitcoin quantity. For instance, someone can set a target of owning 1BTC before his 20th birthday and may decide to be accumulating 0.01BTC weekly or monthly as the case may be. As expected, he would have made adequate financial preparations for this, bearing in mind that while following his plans he will also pay his bills and also set up some reserve funds. I do not see anything wrong with setting such personal targets neither does it mean that he would not have factored in price fluctuations in his planning.

I look forward to seeing what others will have to say about such plans, if it qualifies as DCA or something similar to it. I'm with my pen and my note, time to learn something new.

When we try to do a task together and calculate it together, the task will seem very difficult for us. But if the entire work is calculated step by step instead of calculating at once, the work will become much easier for everyone.

Suppose I will build a house and the cost of building a house is fixed at two hundred thousand dollars. If the person who is going to build a house thinks of spending two hundred thousand dollars together, it will be very difficult for him but if that person thinks that he will not finish the whole house construction at once. Without finishing the construction of the house, he will first spend twenty thousand dollars in the construction of his house, but in this case, he will not feel pressured to build the house, but he can easily start the construction of the house by spending 20 thousand dollars in the initial state. Then again the person will plan to spend another twenty thousand dollars to do the next work of building the house. After that, if his financial support is more, he can again increase the money compared to the last time and complete the rest of the house construction. That is, by spending money in this way, as the person's dream of building a house is being fulfilled, the person is moving ahead with the construction of the house without any pressure. But if that person tried to spend two hundred thousand dollars at once, he would feel pressured and frustrated.

DCA investment method is also similar, we can invest in this method so that we don't get disappointed beforehand. This method has the opportunity to invest at will and is invested in this method based on one's own money so this investment strategy stands out as one of the most popular investment strategies today.

Quote from: Promocodeudo on Today at 12:49:22 PM

Quote from: Antonil on February 05, 2024, 04:28:22 AM

As a new investor I can say that if you want to hold bitcoins, you should hold bitcoin in DCA method.

As a new investor I don't think it requires much knowledge.
(Though the saying goes that knowledge is king)
But once you go to the market, you can learn all kinds of things by yourself.

DCA is a good strategy for holding Bitcoin.DCA means buying and holding a fixed amount of bitcoins every week or every month. You invest 1/3 of your income over a period of time. You cannot hold on to your entire income or invest too much at once. At any one of your perils you feel like withdrawing this full amount.Which will go against your dream of holding bitcoin.

Mate, though I understand what you are saying but you have to understand that DCA is not for holding is just a strategy for investing in Bitcoin or cryptocurrency in general, I mean no disrespect, we learn everyday and we are still learning, understand the thread, go through it very well and join the discussion with either support quote or argue with facts on what you know, talking about this investment strategy, this DCA strategy was introduced to help individuals to consistently invest and this in turn triggers them to cultivate the altitude of investing gradually and continuously, this strategy is very good for individuals without a good capital or huge amount of funds to invest.

DCA investment method has become very popular nowadays. As this investment strategy is best for those who do not have enough financial support, DCA investment strategy is also best for those who have enough money now. Investors are now preferring to invest the money in stages rather than investing it all at once. Investing step by step is more positive for an investor than investing all at once. What I notice in trading is that after buying a coin the price of that coin goes down a bit and at that time I think if I had some more money then I could have bought this coin at that time. And buying this coin at this time would have made more profit. Basically, this regret should not be in the field of investment, so now all investors consider it safer to invest step by step for a long time.

Quote from: Roseline492 on Today at 01:47:37 PM

Quote from: Promocodeudo on Today at 12:49:22 PM

Quote from: Antonil on February 05, 2024, 04:28:22 AM

As a new investor I can say that if you want to hold bitcoins, you should hold bitcoin in DCA method.

As a new investor I don't think it requires much knowledge.
(Though the saying goes that knowledge is king)
But once you go to the market, you can learn all kinds of things by yourself.

DCA is a good strategy for holding Bitcoin.DCA means buying and holding a fixed amount of bitcoins every week or every month. You invest 1/3 of your income over a period of time. You cannot hold on to your entire income or invest too much at once. At any one of your perils you feel like withdrawing this full amount.Which will go against your dream of holding bitcoin.

Mate, though I understand what you are saying but you have to understand that DCA is not for holding is just a strategy for investing in Bitcoin or cryptocurrency in general, I mean no disrespect, we learn everyday and we are still learning, understand the thread, go through it very well and join the discussion with either support quote or argue with facts on what you know, talking about this investment strategy, this DCA strategy was introduced to help individuals to consistently invest and this in turn triggers them to cultivate the altitude of investing gradually and continuously, this strategy is very good for individuals without a good capital or huge amount of funds to invest.

Yeah that's true DCA strategy doesn't mean holding although I was getting it wrong before but I realized that the concept of DCA is not based on being able to hold Bitcoin but however it explains or guide an investor on the ways to accumulate Bitcoin without getting in trouble on the process, so perhaps is very important to be able to distinguish between investment through DCA and holding because they are actually two different things and however most people believe that since almost everyone that intend holding uses DCA for accumulation they assume that holding is the same thing as DCA because even me I was thinking the same way until I realized they are not the same.

Investment If you don't succeed in long term planning or if you don't hold the investment for a long time but you will never get the desired result from the investment. Basically so that an investor never feels pressured to invest and so that the investor can consistently hold the investment for a long period of time, investors are now using DCA strategy to hold the investment. If I invest the amount I have today without understanding what is long term investment and after two to one week I sell my investment again then what is the purpose of investing here. Everyone has a specific purpose behind investing that the investor will hold this investment for a certain period of time or that he will continue to invest continuously for a certain period of time, but what about those whose idea is not to hold the investment for a long time? I will give you a simple idea that if your plan is not long term then confirm how long you will invest in DCA method and after how long you will suspend your investment. Don't keep these misconceptions in your mind and think long term about your investment it will be good for you and your investment.