Quote from: Victorybit1 on August 22, 2024, 08:41:42 AM

Quote from: Tmoonz on August 21, 2024, 10:46:32 PM

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

Quote from: kryptqnick on August 21, 2024, 12:52:16 PM

I can see a lot of praise of DCA here.

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. Regularly investing in Bitcoins will give good returns in the long run. People are still praising it because it has comparatively low risk. It’s like investing in mutual funds but not actually investing in stocks. In a fixed period of time, you buy the coins and hold them for a certain amount of time. Definitely, after a good amount of time, you get the profits; hence, many investors love this strategy.

I disagree with most of your narratives but Yeah DCA strategy can be very good with consistency but I don't think one should be prioritizing profitablity when you are still in your accumulation journey, since there is no guarantee of being in profits just as a result of how long you hold your coin. Secondly I don't think it is ok for anyone to have a fixed period or limited timeline to buy and holding your coin since there can be possibility or senerio case where the price can go down such that you might not be in profit at the time you planned or fixed to sell.

For me all I think everyone should just buy and remove any strategy of calculating the price difference although indeed there must be time that the price will dip so down but even at that too it shouldn't be as discouragement but used as a wonderful opportunity to buy because I believe the best time to buy is even during the dip since you are holding your coins for a long period and with DCA strategy you just get to buy no matter the price situation of Bitcoin and reason being you know that no matter what Bitcoin is valued to still go up in the future so the best you could do is just fastened your seat belt and continue buying till when the price is situation for you.

Very much important to focus on the journey instead of being carried away by the result (profit).
Looking at and thinking of DCA, also looking at and thinking of money in the bank!! I believe DCA would probably do better than money in the bank, making it a real opportunity.