Post
Topic
Board Beginners & Help
Re: DCA, the most convenient way to increase your bitcoin as an investor.
by
Moreno233
on 26/09/2024, 22:00:17 UTC
Either rich or poor you still need to apply some common sense when using DCA strategy, if you don't know about charts, like stochastic RSI, weekly candles and closes, etc you aren't getting the best benefit of DCA strategy.
This is another wrong thing too because all you have said pertains to technical analysis that seek to know the price and trend before entering the market. DCA does not care about the price of Bitcoin at the point of entry. If you want to apply the DCA, it does not matter if market is overbought or oversold which is what the RSI and stochastic indicates, your concern is just to enter the market with the amount you budgeted within the period you decided previously that you will be executing your orders.

If you keep using DCA strategy when there is some corrections in the movement of Bitcoin you will end up with more satoshi, and if you are rich and you can afford 1BTC on your every DCA days you can make an extra 1BTC easily if your entry is always on correction level.
You are obviously mistaking the DCA method for something else because those are not the things that defines the DCA method. I will advice you to do some refining on your knowledge of the DCA method of Bitcoin accumulation so you don't make mistakes in its implementation.