Quote from: slaman29 on Today at 12:19:03 PM

Quote from: JayJuanGee on February 10, 2024, 03:27:41 PM

For sure, for anyone who has BTC accumulation goals, when in doubt DCA, it is likely superior to both lump sum and buying on dip for the vast majority of folks, especially in their earlier stages of building their BTC holdings, especially since an overwhelming number of normies do not even have any kind of realistic option of lump sum (without devolving into gambling) and if they do have some lump sum available, it may well even be better to figure out some kind of a DCA way to strategize their lump sum that would not just be putting it all in at once which might convert them into a waiting strategy, especially if they over do their lump sum from the beginning.. ..

And, any how, DCA can become even more powerful when supplemented with lump sum and buying on dips, yet we would still have to presume some abilities to incorporate those lump sum and buying on dips, which tends to be some kind of lump sum being available or perhaps some sufficient level of already having had bought BTC in order to justify already largely being prepared for UP... so the punchline, when in doubt DCA, structure your DCA to a reasonable level of your disposable income (and maybe you have to adjust up and down on a weekly basis depending on cashflow variations), and don't be waiting around, especially when it comes to BTC and making sure (at all times) that you are sufficiently/adequately prepared for UP... even if the BTC price is dipping and continuing to dip, make sure to continue to prepare for UP.. which DCA does seem to help in accomplishing such.

It's really great to see such words from someone who's even older than me in this forum. As I said before, I only give one advice to newbies, as I consider it the only foolproof way to ensure you gain something.

I keep saying that majority of us here don't have the knowledge, intelligence. Or access or wealth. To do anything really special or smart with our money. That's where DCA allows us to take advantage of Bitcoin while not sacrificing all the time and risk that others like traders/speculators do.

DCA takes away all that thinking and analyzing, and, as you say, allows everyone to come back at a time when they are capable of all that risk analysis etc.

It's just, a no lose way to make sure you don't lose time on getting in on BTC and don't lose time analysing and trying to jump ahead of market.

You are right, and I think JJG is a senior person who is a motivator in terms of DCA strategy because his advice and what he always talks about regarding DCA is always correct and also makes sense. And I often read his posts because they can help and also motivate me in using the DCA strategy.
Actually, in my opinion, investing is easy to understand and can be done without difficulty, but you have to be consistent, one way is to invest regularly, which is known as the Dollar Cost Averaging (DCA) concept.
And many people feel afraid or doubtful and also feel unprepared because they feel they don't have the time and knowledge to do it, and there are also other reasons because they are not ready to face risks and fluctuating markets.
And none of that will be a problem for them because the DCA strategy makes it easy for them without having to have in-depth knowledge and also a lot of time to do it, the most important thing is to have a monthly income or salary. Being able to set aside money to buy Bitcoin regularly after prioritizing important needs and doing it for the long term, and this strategy is very important for the future as well as old age for a financially happy and peaceful life.