Post
Topic
Board Beginners & Help
Re: DCA, the most convenient way to increase your bitcoin as an investor.
by
avp2306
on 14/09/2024, 11:11:20 UTC
Buying Bitcoin at any amount at different intervals without it being the same amount is also good but it is better to use the regular DCAing of same amount at different periods of time because it will enable the investor to be more active and effective in the DCA but for an investor doing irregular DCAing, they might not take it seriously since they feel they can buy at any time they want to but for someone DCA same amount, they are more disciplined and are more likely to get huge accumulations since they are always consistent in their DCA amount.
There are reasons some people do not maintain the same amount which is the DCA method you are describing. It could be a case of cashflow variation in which the investor does not have regular cashflow, sometimes bigger amount and sometimes smaller amount. This way the investor can buy in accordance to how the money comes instead of maintaining the same amount of money. I don't have a problem with this type of approach even though I'm still using the DCA method.
I think DCA should be done more or less with the upward trend of cash flow as it allows to build up more bitcoin holdings in a short period of time.

Depends of what you have any amount should be fine to start your accumulation journey by using DCA strategy. Although it will give you an advantage if you have a lot of balance to spend but anyone could able to start on what they are capable to spend. Also DCA is not for short term most likely you cannot feel the result with that matter. You should aim for long term with this since it will give you more positive result in long run.

Those who are thinking to gather short term profit are traders although yeah there are situation that they can gain profit, but they are putting their selves on more higher risk especially that they are dealing with volatile price of bitcoin. So much better erase those thoughts about trading but rather spend some time to learn and understand DCA method since for sure you will find that this is more better investment to choose rather than engaging on any high risk to lose money activities.