Quote from: Miles2006 on November 30, 2024, 10:29:31 PM

Quote from: xbartoni on November 19, 2024, 03:25:29 PM

I find investors using the DCA strategy invest for the long term.
Special Considerations Should Beginners Follow the DCA Method for Bitcoin Investments? What Can Be the Outcome -Future

Dca strategy is absolutely perfect for bitcoin investment, it’s considered as the most popular strategy if I’m not mistaking although the hype is worth investing not just beginners. It’s generally use to accumulate bitcoin for long run but doesn’t mean other strategy can’t be considered for example buying the dip is really a great opportunity investor buy huge like taking an advantage. The reason why beginners are advised to buy using dca it gives room for planning either monthly or weekly not minding the price so long as you buy continuous, personally I will advice every beginner to buy using dca till whenever they’re knowledgeable about the market besides bitcoin investment outcome is beneficial if only planned for long term.

Well I feel the simple reason is that starting up an investment with this method doesn't cost you much as you get to do everything under your own convenience as it's way easy and like you said it's the most popular form of investing both for the veterans and also the newbie because of the end result of this method if the investor is consistent with his plans because at long of everything consistency is still the major count of everything because DCA without consistency is absolutely nothing as your plans would be scattered and shattered.