Quote from: Agbamoni on Today at 08:59:09 AM

Quote from: I_Anime on Today at 08:22:02 AM

Quote from: cxtreenal on Today at 05:38:58 AM

Quote from: JayJuanGee on Today at 01:50:08 AM

so... let me just mention that if you had started investing into bitcoin at $100 per week since your forum registration date, then you would have invested right around $34,200 and you would have had accumulated 2.9473 BTC (current value of $212k, so decently in profits in comparison to the amount invested). Of course you can adjust the amount to whatever your own budget would have had been over the past 6.5 years, and you can also consider whatever you have been doing in terms of shitcoins and consider whether you are at least performing close to the same or better than a strict BTC accumulation practice that would amount to DCA investing.. I doubt that you have better results, and especially results that are repeatable for other normal people who might not have time to fuck around figuring out which shitcoin to get involved in.

Ordinary investors deposit shitcoins in the bank for a fixed period of time and got 5% profit on principle amount.... is it sufficient ? But what if we were to invest in bitcoin! How profitable it would have been ! Actually there are many people around me who are investing in shitcoins. DCA is a method that is flexible for everyone, it does not put any pressure on the investor. Because of DCA investors like us are stuck in bitcoin. I look at our portfolio at least once a day and am excited. We want to increase the size of the store, for this we need to increase the savings, the sale should be excluded for the time being

Using DCA strategies in shit can be damn risky, just as sir JJG said they are not long term investments that have any fundamental and/or long term value. like that of bitcoin. And you aware that when using DCA strategies to accumulate, you gathering alot of quantity in your DCA strategies and don't forget more your accumulation (number quanties you have Accumulated) more effective the price movement ( either increase or decrease in price) would influence your holding . Life for example one for as victim using DCA to invest on shitcoins thinking they have high potential to keep increasing in value. But at the end that particular shitcoin experience a great dip your losses would be much due to the quantities you have stash in your portfolio and most time there's high chances that it won't bounce back. So if you are planning to use DCA and the other strategies in accumulation. Make sure you are planning to use it to accumulate bitcoin , not shit coins, so don't be decieved .

I disagree with you here. DCA method can be used to used for any investment type whether in cryptocurrencies, real estate or in the stock market. When we talk about DCA. Some persons will feel that it is only done in bitcoin. If You are into any form of investing it is good to accumulate every week, bi weekly or monthly through Dca method. Instead of keeping your funds in your hands it will lose purchasing value, and delay you from your goal or target.

DCA method is more appropriate in investing in bitcoin than some shitcoins, is obvious and I also speak base on experience. Started in this space as a spot trader, trading different coins . Was doing fine at first making some good profit because I was using spot and there's no chance for me to get liquidated (doesn't mean your funds can get hook), till a coin came out with a promising value , with alot of hyped how their project is nice and all that so was convinced to purchased it , and at first was going well because I was actually holding it then it dip , I bought the dip. Then I decided to be buying with certain amount for sometime so that anytime the price bounce back I would be in big profits , but it kept on dipping, and my losses was getting out of hand due to the DCA method I use which gave me alot of quantity. At the end it endup selling in loss , losing huge amount of money that left a mark . Now as am talking to you that coin have not even gain it self back even during this recent bill run , as coins are increasing in value . That coin still down , and I learned through experience. Don't use other coin to compare bitcoin . There's reason why all other coins are altcoins Except bitcoin.