I asked about investing in my local board. The price of Bitcoin has currently increased and touched around 78 thousand dollars, So I want to know here how easy it is to invest in DCA method? Or investing in memcoins or sheet coins is easy.
The DCA method is not an investment itself, rather it is one of the methods that are utilized to invest in bitcoin. The method is very easy to use and it's very efficient. The method allow you to invest certain percentage of your weekly or monthly income in bitcoin, on a regular basis. This method is suitable for all levels of investors. And as a beginner you should embrace it.
My advice to you is to stay away from Meme coins and shitcoins. You are going to get into trouble when you venture into those shits stuffs. Let your investment remain in bitcoin only. Bitcoin will not fail you, but the moment you venture into meme coins and shitcoins, you have given yourself up to a scam and your investment is out of your control, so stay from them.
Can you explain better what and how this DCA works?
How much of the thread have you read?
Perhaps you should show a little proof of work instead of merely dishing out assignments.
I had to check the rank of @Student of Bitcoin and @Wolf of One Street, to be sure that they're newbies for asking these questions. And since they're newbies, I guess that I can excuse their lack of proper knowledge.about the best option for crypto investment and what DCA method means. Thankfully, @Justbillywitt, has done justice to that by summarizing the answers to their questions, and it's now left for the two newbies to take it up from there and increase their knowledge. The answers that were given to them are very easy to understand as far as I'm concerned, DCA is not an investment but a method to periodically accumulate Bitcoin, preferably weekly or monthly. Also Bitcoin is the most reputable cryptocurrency that has proven to be a store of value, you accumulate over a long period of time and at every circle you'll continue to get ROI. Most altcoins are shitcoins, you'll be gambling your funds in the process of chasing quick profits on the short term.
I believe that the point that @JayJuanGee, is hitting at is that newbies shouldn't ask unnecessary questions especially when the answers have been given. They should read more, be active in the forum to increase their Bitcoin knowledge, then only ask questions where there's a confusion for them, inorder to get clearity. But questions becomes irrelevant and unnecessary when answers have been given.