Quote from: EarnOnVictor on Today at 10:29:57 AM

Quote from: SuperBitMan on August 20, 2024, 11:41:36 AM

Some people feels DCA is met for those who are not rich but that's not true

This will be a misconception if anyone thinks like that, DCA is an investment plan, one that is widely viewed as safer. This means that it can work for both small and big investments, it now depends on the asset we are talking about, if the investor could be sure about this asset like Bitcoin, I am sure that it will be fine. Still, I love it if the investor is reasonable about it. Believing you are using the DCA approach and still buying Bitcoin at the peak, it will not save you. Many foolishly believe that if it's Bitcoin, it's a certain profit but I do not view it like that. We should always consider all conditions and let the safety of our money be the highest priority.

Surely safetyness of money deserves a high priority, yet even you should realize that the devil's in the details regarding how anyone might be attempting to balance their various personal financial and psychological circumstances, and sure maybe safetyness of money has a high priority for everyone, even though some members take more risks than others and they would therefore measure safetyness differently from others, and surely funny hearing you describing safetyness of money to be the highest priority while you are simultaneously frequently convoluting ideas by suggesting that trading and investing are similarly risky...so in some sense, I am having difficulties accepting that you even sufficiently recognize the differences between safe/unsafe money practices in a kind of general application kind of way...especially if we might even recognize the plight of a lot of normies in terms of their trying to balance out how they might get involved in an investment like bitcoin and how much time they might be able to put into studying it or even thinking about how safe they are being...so surely in the end, no one really wants to come into an investment or a trade and lose money, even though we know that any investment and/or trade could result in loss of funds, but people still engage in such conduct. and it might even be the better of choices available to them in light of all of their balances, not limited to safety considerations they might be able to employ within the context of their personal circumstances.

Regarding your point about buying at the top and employing DCA. One of the difficulties, and probably moreso for newbies, they are going to have difficulties identifying the top, and surely many times tops can be identified way more easily after they happened rather than before they happened or while they are happening, especially for newbies.

DCA generally minimizes the need to look at prices and trying to guess prices, yet surely any longer term investor in BTC should be considering that the BTC prices have good chances to go up in the future, even if there might be dips or even long corrections along the way and even if he might start his investment journey into bitcoin during or after what appears to be a large BTC price uprise.

Of course, there are no guarantees in bitcoin price moves, and so there might be some concerns regarding whether to increase or decrease DCA amounts based on perceptions of BTC price moves, and there surely might be investors who can tweak their DCA approach order to attempt to take advantage of BTC price dips, yet so many investors in BTC had gotten wrong their attempts to tailor their DCA approach and so frequently there still may be more justification to just DCA without thinking about BTC price, perhaps even the first 4 years or longer of investing into bitcoin, and then maybe further down the road there might start to become some justifications to move away from a more strict DCA approach and to potentially start to tailorize it more in terms of anticipating price rises and dips, yet people can also make mistakes if they tailorize their buys too much and then they do not end up continuing to buy at the bottom or maybe the cut back on their buys when the BTC price kept going up...yet it becomes difficult to overgeneralize the mistakes that people end up making because freuqently there are trade-offs in the employment of various techniques, even if we are trying to stick with buy only bitcoin accumulation techniques.

Quote from: EarnOnVictor on Today at 10:29:57 AM

Quote from: SuperBitMan on August 20, 2024, 11:41:36 AM

just like lump sum strategy are best for those who got an inheritance from there father, mother, or anyone at all or someone who had the opportunity of having a huge amount of money, DCA are met for those who receives there money week, monthly or yearly is for those who chose to accumulate with time.

Inherited fortune is a different ballgame, anyone can treat it as they like.

A different ballgame in what respect? If someone receives some kind of an inheritance, then they can consider the extent to which they are going to invest in bitcoin with it as opposed to using some of it for consumption or investing into something other than bitcoin, and if they end up allocated a certain amount to bitcoin investment, they also could consider their BTC accumulation techniques might include lump sum (buying right away), DCA and/or buying on dips. Of course, they could allocate some or all of the amount for trading too.. but going down the trading route seems like a more advanced consideration since trading involves additional skills beyond merely deciding to invest some or all of their inheritance amount into bitcoin.

Quote from: EarnOnVictor on Today at 10:29:57 AM

As for the DCA, it is an investment plan, not a measure of how we receive money. It doesn't need you to be a period earner before enjoying it. You may have a huge amount already but plan it periodically through DCA.

I agree with you regarding these points.