Quote from: New Judgement on Today at 07:19:19 AM

Quote from: Popkon6 on August 20, 2025, 04:42:39 PM

Because you will notice that collecting Bitcoin according to the DCA method weekly will definitely reduce your additional expenses

Please I will like you to elaborate more on this, because I don't understand how collecting bitcoin using the DCA method weekly will reduce someone's additional expenses. I would like to know those additional expenses you are referring to. Because to the best of my knowledge, buying bitcoin is also an expenditure which one has budgeted from his discretionary income. So what are those additional expenses that DCA will reduce for the investor?

Note: You know I am a newbie and I'm trying to learn as fast as I can.

Well when one makes use of DCA strategy in accumulating Bitcoin let me say weekly basis, that person is automatically setting aside a fixed amount of money for Bitcoin before he or she even think of spending it on other unnecessary things. This habit lessens the chance of wasting that same money on unnecessary expenses that don't build long term value. We can say that DCA reduces additional expenses coz it enables one to prioritize Bitcoin savings over casual spending by channelling part of your income into something productive instead of letting that money slip away on things that won’t really matter in the future to come.

Just think of it in this manner, without DCA, a person who has like $10k sitting in his account can begin to start spending it on irrelevant things like maybe outing buying of expensive item and gadget etc. But if he had already dedicated a portion of his money like let me say $5k for Bitcoin each week through DCA, some of those “extra expenses( or irrelevant things) would never even happen coz he has already locked that portion into investment.