I quiet agree with you because the fact is that DCA knows kind of investment plans doesn't work for shitcoins because some of these coins the growth rate over a given period is very low so in terms of bringing back value on investment is not there so applying DCA to such investment will be wast of time
First off. You did not need to cite my whole post in order to make your point.
Second, it seems that DCA is best applied to projects that have long term value, such as BTC, and so it can become quite problematic when folks apply DCA to shitcoins, and so in those kinds of cases, the DCA might cause the loss of more money as compared to if they had not applied DCA to such crap.
So yeah, I think that the point is that we should be careful if we are going to apply DCA to something like a shitcoin, since surely it could take a bit of time to even reasonably that the shitcoin is even worth investing into in the first place, and so many times, with shitcoins, the presumption should be that they are not worth investing into unless you can figure out some angle to invest into them, and even if you conclude to invest into them it may well be ONLY really justified as a trade (to get in and out) rather than trying to stay invested in them in long term ways that is way more justified for something like bitcoin... and yeah, even with bitcoin, there could be some risks, concerns or even timeline considerations that a person might have, so frequently people have to also figure out reasonable amounts that they can invest based on their own particulars, including but not limited to the levels of their discretionary income and perhaps the extent to which their cashflows might be consistent enough in order to justify a decision to invest into bitcoin for 4-10 years or longer rather than merely coming to bitcoin from a perspective that aims to trade it on a shorter than 4-year timeline.
Permit me to ask Sir, how does someone apply this DCA that is always mentioned here if the person does not have like a regular job. What I mean is someone who do business that brings profits in a way you cannot calculate when it will come. Sorry if this question have already been asked because the little I know about the DCA method is that it involves investing in Bitcoin at a regular interval of time like weekly or month as the case may be. You know someone running a business like me might find this very challenging to keep up with the requirement of weekly or monthly investment because sometimes business bring so much profits but sometimes the profit is not much plus delays can happen too.
Let me be a little open to you so that you can guide me properly. I do many small businesses and I will use one to for example. I run small export business of consumables to my friends overseas who do still eat our local foods over there. I buy and send to them base on demand, not that it is on a large scale and depending on what they demand, I will use flight or send through shipping lines. Through flight is faster but cost more to send and reduces my profits while shipping takes more time but cost less to send thereby increasing my profits. This is one of the reason for the irregular income I stated before and the reason I want more guidance on this if I can start using the DCA method to invest in Bitcoin.
Thank you as I await your response.