Quote from: reagansimms on Today at 02:14:49 AM

Quote from: Kara3 on October 09, 2023, 08:02:59 PM

I don't know if anyone else has different opinion about it?

DCA is a very popular strategy for Bitcoin Investors and has proven to be very effective. The goal of the DCA strategy is to accumulate Bitcoin consistently over the long term without worrying too much about price changes in each period. This strategy is very helpful for those who do not have a large capital to start investing, they can invest at any time with the capital they currently have, the price difference that continues to move will get Bitcoin in different amounts. The DCA strategy is also an attractive option for those who do not have time to pay attention to market price fluctuations due to being busy with their daily routines.

Well said mate, and to add up the DCA method is effective because Bitcoin itself despite it's ups and downs is always moving forward and this makes the DCA method even more preferable because you just get to keep buying and having it at the back of your mind that you are getting somewhere without stressing out yourself to evaluate the market price although I believe some investor that follow up with the price fluctuation are at advantage because they get to know when there is a Dip in the market and buy even more and still maintaining that steady flow of consistency.

There are different method that are also effective when saving up Bitcoin as investment but in all I believe DCA method is practically the easier and more cheaper because you can start with whatever you have as set it as a consistent value to which you buy every week, twice monthly or once depending on your financial stability and at end HODL up the investment for long term as it's bound to yeild good profits overtime.