Quote from: promise444c5 on March 02, 2024, 08:11:00 PM

Quote from: FinePoine0 on March 02, 2024, 06:44:36 PM

The basic idea of the DCA method is to store bitcoins in small amounts over a long period of time. The more bitcoins an investor can purchase on a regular monthly or weekly basis, the longer his investment will last. Many people are hoarding bitcoins from a weekly source of income and will invest in bitcoins according to their income.

Store Small amounts?? Or buy bitcoins in a flexible way, either it's low or high doesn't really matter so far it gives a much more flexible way to buy Bitcoin over a longer period of time, giving an additional opportunity to hold and continue buying at the same time.

Generally DCA have little or no contribution to storing but centralise more on buying strategy,you used the word "purchase" later which seem to suit and buttressed your point.

He must have used the term "small amount" because the DCA method is more geared towards people who cannot afford to buy bitcoin in large amounts at once, i.e. those who do not earn much and cannot sacrifice all of their income to do so. So he may be assuming it is for people who have little money to spare to buy bitcoin, and if they do, they will only receive a small amount of bitcoin in comparison to the money they spent on it. The investment will grow over time, regardless of how small it is, and will eventually become so large that the word “small amount” will no longer qualify it to be called.

Quote from: Bd officer on Today at 03:48:06 AM

I made a small investment in 2022 which I am currently investing in DCA method. I didn't let myself get greedy on this little bullrun, up $64k a couple of days ago but I didn't sell the investment. I expect Bitcoin to exceed $100k after the halving. If I don't need money urgently during the bull market in 2025, I will not sell my investment, I will hold it for 2030 plus period.

I am delighted to hear this because not everyone can be patient and optimistic about the future of bitcoin until 2030 without first withdrawing and profiting from their investment and then attempting to reinvest using the same DCA method. Not all, but even when bitcoin recently reached $64K, some people must have taken partial profits and saved the rest for the main bull run, which is expected next year. DCA is a good investment strategy because it makes you to narrow down your average price for purchasing each bitcoin.

If I were you, I would still take a partial profit by the next bull run when the price exceeds $100K since I can still continue my DCA and accumulate more bitcoin before the next bull run takes place. However, stick to your plan; if I were in your shoes, I would have thought the same thing, but since I am not, I am just sharing my opinion. This is what we call the long-term investor vibe in Bitcoin.