Quote from: Rabata on October 19, 2024, 08:29:54 PM

Quote from: Ruttoshi on October 19, 2024, 02:10:28 PM

Quote from: Lidger on October 18, 2024, 03:47:13 PM

You have just started investing and now you need to make your target much bigger. Like all other investors you must take care that you do not get lost in the consistency of investment. Think of investing as always investing. If you approach a job as professionally as you treat it as fun, then the job will seem much easier for you. If investing is stressful for you then I suggest you take a break and think about your future and start again . If you can think about investing in this way then surely you will find consistency in your investment. Based on what is your source of income and how much money you can get from it monthly, you plan to invest consistently with the money left after excluding your total expenses and other incidental savings. If this is how you plan your investment then surely you are successful.

Investing with DCA cannot be stressful for a newbie if he is using the right amount of his discretionary income to buy bitcoin weekly or monthly without overdoing it, and has a committed long-term mindset in his bitcoin accumulation. A new investor can start with little amount that can engage him is regular buying without stress so that he can keeping his bitcoin accumulation ongoing with consistent and persistent overtime instead of buying for a while and stop.

One of the reasons for using the DCA strategy is that an investor can be consistent with their income to invest in Bitcoin. This strategy not only relieves an investor from stress but also makes him more interested in investing in Bitcoin. There are many people who lose interest in Bitcoin investment because they are not able to invest lump sum. For that investor the DCA strategy is a dream investment. Investor can run it for longer period according to his income. An increase or decrease in income can make the difference between an investor's deposit, but his regular investment does not stop, which is why the investor succeeds in holding bitcoins at a regular basis.

Well I doubt if one of the reason why people chose to use DCA method is to be consistent because I have seen people who uses the DCA method yet they are not consistent and sometimes not being consistent is not because they choose not be... But because there source of income may not be stable or active. However, I think one of the reason why people choose to use DCA method is because they can invest with little amount of money and they can also invest with big amount regardless of the market condition and it doesn't matter if we are accumulating with little amount rather what matters is our commitment to our investment.