Perhaps the only way to learn is to ask questions, I would prefer you ask questions where seems confusing to you than for you to create some level of assumptions that seems very lame and unrealistic. looking at the context of the thread there are few other threads where you can learn basic things about bitcoin investment and smarter ways to buy and hold for a longer term if you indicate interest in them or such thread I will be glad to refer you to some of JayJuanGee's thread which he discussed the basics on each entry that you could make. this threads are even suggested outside the forum which shows the level of original and how true it is, now I would love you to ask or request for links if you're interested but if not you can stick with this thread and ask questions instead of confusing others with your own perspectives.
Okay, thank you in advance.
In this thread I read a lot about DCA, and after I found out that this strategy I think everyone can use it because it doesn't seem to need a lot of money to do it, you just have to be consistent in doing it.
But is DCA the best strategy to use?
Apparently, Dollar Cost Averaging is the best strategy for me and you to invest in bitcoin, there are solid reason why DCA is currently the best for you. there is no way buying the dips would be the best for you at this point because you don't know for sure when there will be dips although at this moment we are still in the dips but why I say it's not best for you now is because you have to wait for some time which is not certain to buy but DCA gives you the opportunity to buy instant and not wait for any reason. Futhermore, buying the dips strategy always gives you a discount but the inconvenience in buying the dips matters too DCA gives you around opportunity which includes time to settle all other necessary things outside investment.
There are more reason I would prefer or reference you to DCA strategy but I would say less because you will find out the rest here as time goes on if you listen carefully to JayJuanGee's clarifications.
Of course, guys have to figure out what they are going to do within the three main methods, which is DCA, lump sum and buying on dips, and each of the techniques has its advantages and disadvantages depending on where a person might be in terms of how long he has been in bitcoin and what his goals might be. Even in the very beginning a guy might start out with a lump sum amount that he could invest into bitcoin right away or he could separate the lump sum into the three buying categories of DCA, lump sum (buying right away) and buying on dip. Some folks do not even have any lump sum amount they can start out with, and yet DCA can work very well for them to be able to buy bitcoin as their cash comes in and/or their expenses are calculated so they know how much extra they have which could result in their being able to buy BTC every single week., or however they structure their DCA purchase times based on their own cashflow situation.
Sure a brand new person to bitcoin might not know whether he wants to be aggressive or whimpy in his investment style, and so if he makes sure that he is getting his finances in order int terms of back up funds, he can tailor the level of his aggressiveness in terms of his own finances and psychology.. which should include his consideration of his
individual 9 factors.
By the way, DCA is meant to apply to something like bitcoin based on a level of confidence that any of us should be able to figure out that it will likely increase in price, even thought the price is likely to be volatile along the way, and I doubt that there is any shitcoin that can inspire such confidence, even though people do buy into shitcoins, yet more they are things to get in and out of rather than something to rely on in the long term, even though people also conclude them to be investments - and that is their choice, which seems kind of dumb and/or short sighted to allow any of the shitcoins to be more than 10% of your bitcoin holding, so hopefully you keep them to less than 10% if you cannot resist those kinds of temptations to gamble (and/or trade).