Quote from: Jewan420 on August 21, 2024, 07:06:34 PM

Quote from: Nrcewker on August 21, 2024, 04:56:00 PM

People have to definitely praise. DCA is the best strategy that any investor can apply. It doesn’t matter what your income is or how much money you have.

I think your income and how much money you own must be considered in any method including the DCA method.

Of course, even though you are accumulating bitcoin with the DCA strategy, you should know about your finances to know if you will have discretionary funds, which will allow you to invest in bitcoin. Since most people here are advising newbies to adopt the DCA strategy when they want to start their bitcoin investment, if they accumulate bitcoin aggressively with the DCA strategy in such a way they cannot sort out their daily expenses, they will go down for it, and the DCA strategy will not save them. So even though we are accumulating bitcoin with the DCA strategy, we should always use the money we will not need for 4-10 years or more so that we will not depend on our bitcoin investment to survive.

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As an investment strategy, most of the members will suggest you DCA strategy and advise you to invest for long term.

For anyone who is starting his bitcoin investment, the DCA strategy is the best strategy the person should adopt because it will allow the person to consistently accumulate bitcoin either on a weekly or monthly basis, even though bitcoin is increasing or decreasing, which will allow the person to be more active than the person who is waiting to buy bitcoin in a dip, which might not happen today or tomorrow.