Any investor can succeed with the DCA strategy, whether in holding or in buying and selling. But the most success will be in case of long term holding, because by buying little by little means you can build wealth, but according to this strategy all investors are successful. If participating in the investment following the regular DCA procedure.
That's true, the DCA strategy has lived for so long in the world of investment and it can't fail unless the asset itself fails. It is summarily a means to average the income of the investor by averaging the striking price, but in the end, this can't amount to regret because, during the investment, some will be missed at a best favourable price, while many others will be saved at the best favourable price, which is reasonable in all ramifications.
Nonetheless, I do not support this strategy at all times, and anytime the market has fallen so well to the point that you feel sorry for it...lol, you can commit your money to it without thinking twice. You will only miss out on a great opportunity by DCAing at that time. However, if the price of the market has risen to some doubtful level, yes, that is the right time to DCA to make sure that you do not lose/miss much due to FUD.
Why I still prefer the regular DCA strategy is that you buy bitcoin at both markets, the bear and the bull. Your strategy might be cool but it still have some disadvantage. Just like what I said in the other thread, when the price dips and you buy with the available amount that you have own without DCAing after buying. You cannot tell if that price that you bought is the bottom line of the dip. If bitcoin price dips below that amount that you bought, you will be regretting for rushing but there is nothing you can do about it than to start waiting.
You are very incorrect with this unless you do not even know how to read the market chart and also follow it based on its psychology. First, no one is perfect in knowing what the market would do, and I believe that is what you are trying to explain, but if you can say a DCA strategy is good even as you are still taking risks with it, then some approaches in investment will help you better than the DCA in some conditions, after all, it is still all about risk and not perfection. One of these approaches is to wait until the market hits its low, at this point my friend, you are wasting your time DCA, otherwise, you will miss the bigger opportunity through averaging it.
Are you telling me that it is a huge risk buying Bitcoin lower than $16,000 in 2022 and Solana lower than $8 in the same year? If you claim your point is still relevant here, then you do not know what you are saying and will only reduce your gain. Here are the reasons; first, the market had fallen for over about 2 years and it is nearing the bull season. 2. SOL for instance sold from about $260 to below $8, what huge fear could anyone possibly see in that? Reaching $0, and so? All such investment condition needs is patience, you can't regret it unless the asset is entirely bad.
That's how investors think. A project like that with better scalability and prospects will always be a promising project and the challenging time will be over as we later saw it. Finally, these coins hit their various S/R level on the weekly and monthly charts, and later have bullish price action and other confirmation to warrant cheap buying. What else is doubtful in that? Of course, I invested at those times, but had it been I DCAed at those times, I would surely regret it.
One thing about DCA, there need not be any presumption of dip or no dip or even regret, including that a person could just accumulate bitcoin for 4-10 years or longer within his own budgetary constraints and not even give a whole helll of a lot of considering to the extent to which he might be in profits or not, and surely there shoujd be little to no need to fuck around with shitcoins (whether it is Solana or some other shitcoin-of-the-day, even though people want to spend their time, energies and/or money on such nonsense.
so maybe at certain points does the road he could reassess how many BTC he has accumulated and/or is he in profits and/or should have he done some thing else.. but I doubt that the answer is going to necessarily to tell himself that he should have fucked around with shitcoins more or that he should have attempted to time BTC prices instead of just buying regularly within the confines of how aggressive he might want to be in terms of how much discretionary income he wants to spend on bitcoin versus saving some of his discretionary income for some other interests that he might have.
Even though I could have had profited more by pumping and dumping shitcoins at certain times and/or I could have had profited more by timing my BTC buys and my BTC sells a bit better, I surely have no major regrets with my largely BTC accumulation and/or holding strategy over the past 10.5 years-ish.
When I started my Bitcoin accumulation journey I thought about the strategy to use and I started reading through every post in this forum and I saw many ideas on strategies that would be better and After thinking about them I decided to use the DCA strategy because it won't stress me I won't have to think about anything at all I need to do is map out how many percent from my salary I will be investing every week and to be honest ever since I started this accumulation journey using the DCA strategy it has been a great journey without issues, the reason I don't have any issues is because of the kind of mindset I have towards bitcoin, I don't care if is going up or down I just keep accumulating, ever since I started this accumulation journey I don't check price of Bitcoin I'm not interested in the price now all I'm concerned about is accumulating as much Bitcoin as I can.
A lot of my follow newbies are always worried and disturbing themselves always monitoring the price of Bitcoin if is going high or coming down and I must say this is a very wrong thing to do for someone using the DCA strategy and a lot of them monitoring the price of Bitcoin always stop accumulating if there's a little fall and it's will affect there accumulation journey and that the end of 4 to 10 years they won't accumulate as much as expected, anyone consistent with the DCA strategy without caring if the price is going high or low will always accumulate more in space of 4 to 10 years.
Shitcoins should not be mention is this thread because it's not to be trusted at all a lot of shit coins are created just to exploit people, my brother was investing on one shit coin that i really don't know the name and he lost almost all his money if not that he quickly sold everything and he has been investing on it for a year plus the other day we were discussing and he told me the shitcoin as lost every value now. A lot of people are always losing and regretting investing in shitcoins and I have discovered The reason reason a lot of people even think of investing in shitcoins is because they believe Bitcoin won't rise again or Bitcoin won't grow more than this so they feel like investing on an upcoming coin this is a very wrong reasoning because Bitcoin has not even gotten closer to a price that will shock the world so I will advise every newbie to accumulate as much Bitcoin as he or she can and forget about shitcoins if they want peace of mind or don't want to lose there income.
Talking a loan to invest into Bitcoin with out any means of paying back and believing Bitcoin will pay you off before the expected loan date can be problematic that is just for those that want to option for a loan to invest into Bitcoin but if there is a means of paying back there won't be any problem at all, newbie can also learn Bitcoin is not a get rich quick investment that you will want to take loan to invest on it believing it will pay by then your Bitcoin journey will end along the line.
The thing that novice investors need to avoid when starting to invest in Bitcoin is that they should avoid borrowing money just to invest in Bitcoin, even if they have the ability to pay it. Because when someone invests using borrowed money, it means they need to bear the interest on the loan, and that could be a problem because the market could be stagnant for months.
It is better to invest using cold money, such as savings or money that has been previously allocated specifically for investing. In this way, not only can someone avoid interest due to loans but they can also focus more on investing.
I frequently prefer to consider loans (and leverage) as more sophisticated skills, that end up adding further challenges, and it seems way better to be thinking about, building and eve putting more basic methods into and to get used to the application of those more basic methods (which is not even easy in itself) rather than unnecessarily employing more extensive and complicated techniques, which might end up converting a relatively solid practice/technique into a kind of gambling.
Another thing that I don't really have any problem with loans as long as there is already sources of income to pay them back on time an in the correct amounts, but also to account for whatever interest rate is being charged, wether that might be low rates such as less than 3% or medium rates of perhaps up to 7% or higher rates e.. and the higher the rate the more difficult it should be to even get into the practice of taking such loans.. and yeah, there would already be a built in expectation of an ability to earn more than the interest rate amount.
Taking loan is not bad if one has a source of income which through there he can pay back, what is bad is taking loan knowing fully well you don't have a source of income or any hope of paying back.
My dad always prefer taking loan when ever his savings are exhausted and he is a civil servant so he always pay back, taking loan according to him is better than selling his investment or property since he has a source of income taking loan is the best thing to do than to sell of your investment and he also said don't take a loan that your salary can't pay of in the next 4 to 7 years and I think I agree with him even though you have a source of income you shouldn't take a loan that you can't pay because if you can't pay at the long run it will result to you selling of your property or investment in other to settle the debt.
And is always advised to go for a more better interest rate there's this man I know he went to collect loan with a bad interest rate and for about 8 years now this man is still paying the debt because the rate is always adding this year he had to sell some of his landed properties so he could settle the loan so as not to keep debt for his children when his no more so please let's be guided.