Quote from: JayJuanGee on Today at 01:58:02 AM

Quote from: Ben Barubal on March 27, 2024, 10:27:15 PM

Actually, this DAC has been an effective method for most of the communities in the field we live in, and it has been proven by most of them. All that is needed is that we have a plan for why we will do it. And that plan will motivate us to persevere in saving for the future.

Even rich people are doing this because they see that DCA is really proven and tested. If Bitcoin or cryptocurrency has not yet been created, we are already doing this to people all over the world, if we call it future savings, right?

Fuck crypto currencies.. we are neither talking about them in this thread and even if we were, they are not an investment in which DCA makes sense for the long term.. so it tends to be quite misleading to talk about DCAing into shitcoins... even if there might be some short-term ways to carry out DCA.. but we are also not talking about short term practices in this thread, either.

Honestly, I agree fuck crypto currency, Bitcoin is different from crypto currency because it's a fixed while crypto currency doesn't have any fixed supply, bitcoin is decentralized while crypto currency are not centralized. Bitcoin is popularity is more than crypto currency, it's well known to the world.
One can't use DCA in crypto currency because they are shitcoins, if shitcoins high today tomorrow is will drop and with that it's not advised to use DCA method on shitcoins.
more details on difference between Bitcoin and crypto currency.

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Part of the appeal of DCA is to have some confidence to employ it over the long term. even though surely anyone is free to abandon their investment at any time and then profit in dollars and likely end up undermining their accumulation of BTC if they cannot figure out some meaningful way to stay focused on accumulating BTC, which is part of what DCA helps to accomplish.. the establishing of a position over time and to continue to build such position and to stay in a mindset of continuous and ongoing BTC accumulation.. which likely is going to serve the person better than trying to monkey around with trading and/or even changing his accumulation amounts based on concerns of short-term BTC price directions.

These are the cause of lack of concentrations, however if one doesn't know the importance of Bitcoin accumulations the person will likely get tired and abandon their investments and starts saving in dollars. Meanwhile fiat is not a thing one should consider going into as it's been controlled by the government and it will decrease ones inflation gets involved. Saving is dollar is not also the same as investing in Bitcoin because there's no inflation in Bitcoin investment.

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So yeah, the longer that anyone DCAs into BTC, the amount of BTC can more and more begin to be considered as long term savings, even if there may well be some points that some of the savings might start to get dipped into after there has been a sufficient amount of time of building it and even allowing it to appreciate in value, to the extent that it has good chances of continuing to appreciate in value just as it has done historically, and there is no real information to suggest that BTC is going to discontinue appreciating in value, especially when viewed in longer term time frames.

Already noted, the way Bitcoin growth in price is another method to describe Bitcoin to the world, in earlier days Bitcoin has moved from 1k go 70k today and it's also has more potentials to continue increasing in price.
In early 2009 till date we know what we have experienced about Bitcoin, even the investors that joins the Bitcoin space can testify about Bitcoin. I always say now is the perfect time to use DCA to accumulate Bitcoin because we can't tell if in the next 15 years Bitcoin will be above $200k as from 2009 toll date we are already in $70k at 1BTC