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Quote from: Churchillvv on August 12, 2024, 09:24:09 PM

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?

I don't know the thought of other investors here but for me the DCA strategy is the best because if you are custom using the DCA strategy you are at advantage because there are times when you can still use the lump sum strategy when you an unexpected money comes your way you can also accumulate when there is dip this one's may come ones a while but with the DCA strategy you can still accumulate more Bitcoin inrespective of the price level either weekly or monthly as long as your discretionary income is intact with a long term motive from 4-10 and above because with DCA strategy you are always steady in the BTC market.

I don't know who have observed this, but DCAing for a while now consistently has helped me beyond just accumulating Bitcoin, it's now like a lifestyle and I'm beginning to notice some new level of increased consistency and resilience in my job execution which brings about various degrees of success to my career and personal life.

It has also increased my financial intelligence and increased my money management skills. I see myself planning very well before spending since I know very well that I must increase my holdings every week.

Most good habits we form has a way of helping us become better in life and I think DCA strategy is one of that has made me more financial literate and made me a more disciplined person generally.

I'm not quitting soon, Whatever helps me grow personally, I don't mind getting addicted to it since it's benefits are great, so I'm going to be DCAing for a very long time.

You are correct. When you really consider how aggressive that you are able to be in regards to your DCA amounts, then it forces you to really figure out what is your disposable income so that you don't end up spending beyond your disposable income.. so there are a lot of ramifications that come in regards to your cashflow management and the extent to which you have various backup funds and how you categorize those back up funds... which like you said, has considerable abilities to bleed into other areas of your life.. since you likely are forced to really think about whether you have extra money for DCA or not.. and even considering the application of such DCA every week will force you to consider if you have enough money every week or maybe there are some weeks that you have to skip your DCA, but if you really get your finances, together, then you might realize that you can structure your various cashflow systems in order that you buy at least a little bit of BTC every week, so you will have some weeks that you buy more and other weeks that you buy less, and after you do that for several months, even 3-6 months or longer, you start to become more and more in touch with what kinds of cash cushions that you have in place (and whether they are enough.. to get you from week to week, but also from paycheck to paycheck and beyond).