I agree with some opinions about DCA where there is nothing you need to think about other than your focus on buying Bitcoin on an ongoing basis where you buy BTC regularly every week. No need to do it aggressively but just adjust it to the same budget as you did for your first purchase. With DCA, you don't need to worry about the price going down because while you are still in the accumulation stage, the price drop is a big enough opportunity to continue buying Bitcoin.
You can focus on investment targets every year because I have implemented this where the first year goes quite smoothly and that way we can focus on the following year. Bitcoin can change your life if you are smart in investing in Bitcoin. The meaning of being smart is holding it for the long term without being burdened by thoughts that haunt you.
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?
DCA method is mainly for rich and poor and all types of people who will mainly participate in trading need this method. If you invest in this method, the investment is successful, because I help myself. I have been using this method for a long time of 1 year and 3 months. I have moved towards a successful journey. So this method is a good method for all investors, because those who learn to invest using this method, will not hire Arabic using any other method. You too invest using this method and you will see that the future journey will be successful and you will be able to complete the investment yourself. Usually in Bitcoin
investing using the DCA method plays a major role in controlling the average price.[/quote
I hate to be repeating myself, but sometimes it seems to be necessary when members seem to be misstating some of the central things of what DCA accomplishes.. which is a kind of allowance for a guy to accumulate BTC based on his own budget.
So BTC is helping the guy to be as whimpy or as aggressive as he would like to be in terms of managing his budget and figuring out how much he can put into BTC on a weekly basis or whatever period that he is employing his BTC (DCA) purchases.
I doubt that DCA is controlling the average price, even though when you continue to buy BTC, you are going to end up having an average BTC price that may be higher or lower than other methods that you could have accomplished the same thing, so you are not necessarily advantaged so much in terms of whatever you average cost per BTC ends up being, but you are way the fuck more advantaged because you are likely to have had been able to stack way more BTC than you would have been able to stack with those other methods because frequently guys can have either psychological obstacles and/or even financial obstacles if they are trying to engage in either lump sum investing or buying on the dips, even assuming that they would be able to either have such lump sum available or would be able to set aside dollars (or other fiat) to be able to buy on the dips, even if that might be advantageous as a separate rather than a supplemental strategy to DCA.
In other words, there are a whole hell of a lot of folks who may have had some real difficulties to be able to accomplish some kind of reasonable, substantial and/or meaningful amount of BTC if they had followed some other method.. which is part of the power of DCA, especially for folks who end up benefiting by the structured persistence of such, even if they might also have the talents, time and/or resources to carry out the other two strategies... and they are likely even more empowered, if they are able to figure out ways to carry out all three... with more of an emphasis on DCA when they are in their earliest of times because it is such a practical approach that applies to a large variety of situations. even those who might start out with a considerably-sized lump sum amount.