Quote from: Essential10 on Today at 04:58:44 AM

Quote from: Bitcoin_people on Today at 03:54:56 AM

When it comes to Bitcoin investment we have to base on many factors otherwise it will never be possible to make money from Bitcoin investment. Especially when a trader buys bitcoins for investment with his own money he must follow some tips. For example, one should buy when the market is deep and mark the time when one buys so that even if the market goes down, one can buy again later. Moreover, a user must plan long-term investments so that after purchasing from the market, he can hold it for a long time if it goes down. A user must be patient enough and disciplined when buying bitcoins for long term holding. One should never lose patience to hold bitcoins but one should hold with patience but success is possible. DCA must be practiced when buying bitcoins but the losses will be minimal, and when he invests using this method it must be for the long term. When you invest you have to take risks without risk you can never be successful. And if you invest, you must always start with a small amount of money and if you gradually increase the amount of money, at some point the fraction of bitcoins will be very high. As we can see the price of Bitcoin is constantly increasing and when you keep investing as per amount you will get profit as per the fraction of Bitcoin at a time with higher price of Bitcoin. So always buy when the market dips and never lose patience by buying it but holding for long time is best.

Yet many are glad they got into crypto because investing in Bitcoin was a turning point for them financially, one of the best decisions they ever made. Bitcoin investing must have a strategy, if you don't have a strategy and randomly start investing in the Bitcoin market, you will face losses in the future. If you are waiting for the market to go down a lot, invest when the market is going down, you can't really tell when the opportunity will come. If you plan to invest DCA in Bitcoin long term you need to have an additional source of income. If you don't have an additional source of income then at some point you can leave the investment. DCA investing is where you spread your purchases over time rather than making one big investment. It will help you in timing the market and the risk of the market getting high.

DCA does not help in timing the market, especially since it is the exact opposite, especially if DCA is exercised in a strict form, which means that you buy no matter what the BTC price on a regular basis that is based on your available cash rather than how much the BTC price happens to be.

So DCA allows an ability to invest into BTC in what ever level of whimpiness and/or aggressiveness that you want to employ while at the same time being better able to manage your personal cashflow because you are making investments into BTC in an incremental way rather than potentially stressing your finances with lump sum investing and/or other ways of trying to strategize your buys based on BTC price movements.

Quote from: Essential10 on Today at 04:58:44 AM

If you consistently buy bitcoins at different prices you can recoup your investment costs.

That is not true. There are no guarantees in bitcoin, except that if you invest without using leverage than you are guaranteed to not lose any more than 100% of what you invest.

Quote from: Essential10 on Today at 04:58:44 AM

Buy more when the market goes down and invest less when the market goes up

This is also not a correct way of describing DCA. DCA buys the same amount of BTC based on your own cashflow situation, so if the BTC price is down, you end up getting more BTC for the same amount of cash spent on it, and you would get less BTC if the BTC price is up.

If you are changing the amounts of BTC that you buy based on price, then you are employing some variation of buying on dips rather than DCA, and you can do whatever you want, but you should not be calling buying on dips DCA, since they are different, and sure you can combine them and create a hybrid system that you choose to follow, yet changing the amount that you buy based on price changes, is not a strict DCA approach... and probably the newest of people trying to establish an initial stake in bitcoin should not be overly occupied about their costs per BTC and/or trying to strategize dips, except maybe within some fairly strict guidelines in which they execute their weekly DCA no matter what within the week, even though they might try to buy dips within the week, yet at the same time recognizing that they are no longer employing a strict DCA approach that would just buy BTC regularly no matter the BTC price with whatever amount of dollars (or fiat) that you have authorized for that period based on your own cashflow considerations that again are not based on BTC prices.

Quote from: Essential10 on Today at 04:58:44 AM

and continue for the long term with patience. Hold your Bitcoin tight and profit from it in the future.

Sure this part is true, except profits are not guaranteed... even though bitcoin remains amongst the best, if not the best, asymmetric bet available to people all around the world and to all income levels.. as long as you have some amount of a disposable income.