Quote from: bestcandy on February 27, 2025, 11:07:10 PM

Quote from: Stormisover on February 27, 2025, 10:02:39 PM

Quote from: Mehmet69 on February 27, 2025, 07:25:09 PM

Quote from: Mrbluntzy on February 27, 2025, 05:44:15 PM

One best advantage of using DCA is that it helps many investors to buy Bitcoin at different price which could be at a discount price while others must have bought at a higher price, like those that will invest a lum sum at once once, they could buy at high price different from the investors that uses DCA to buy at different dip price. But, buying at lum sum is just based on the person's financial power and perhaps don't want to waste much time without buying, perhaps they have their reasons.

Yes, DCA is definitely a good method. In my opinion, DCA is the safest method. It is the only method that both beginners and experienced can use without hesitation. In this method, you can buy and deposit Bitcoin in all types of markets. You will not have to worry about losing your money. You will not have to worry about analyzing the market. You only have to think about one thing, which is to continue investing regularly. After starting investment, do not touch the invested money without reaching a specific goal. Decide on long-term investment.

But on the other hand, if you want to invest in any other method, then first you have to be much more experienced. You have to have a good knowledge about volatility. You always have to think about how much you are losing, when will it give you a return.

So I think it is better to keep yourself mentally healthy and continue investing safely in DCA instead of choosing other methods.

From what I have learnt, that you are using a particular strategy doesn't mean the other strategies can not be use together, if the dollar cost averaging strategy is not the only strategy investors can still use other strategies together, for instance an investor can be doing dollar cost averaging strategy, buy the dip if they have the reserve funds for it and also buy with the Lump if there is a lump sump amount available, one thing I see is that an investor should only do all this at the expense of his comfort without affecting his basic needs, the dollar cost averaging strategy is good but it is not the only strategy they talk about here, you can do the other ones too with the dollar cost averaging if you can., the plan is to increase the size of your Bitcoin with any strategy or strategies that matches your investment energy.

I think the argument here is not about the best strategies to be used by investors but the advantage of using DCA strategies in the sense that it helps investors to buy Bitcoin regularly in different rate that may be seen discounted over a period of time and DCA also help low and moderate income earner to be able to invest in Bitcoin in a planned interval of time in respect to the available fund of the investor.
Another point that is noted in the argument is the need to have a fund set aside fund that will handle some basic needs in order not to touch your Bitcoin asset and to enable investors hold their Bitcoin for long term. Yes, it's very necessary for investor to have a set aside fund especially those that have low or moderate source of income because the set aside fund will save investors from any financial obligations that may affect the plan of holding the Bitcoin for long term in other to maximum the profit in the future.

Okay, I understand that you are thinking of DCA as just one method. There are many other methods of investment. You must have noticed that the demand and valuation of Bitcoin is not the same in all parts of the world. You will find many countries that do not recognize Bitcoin. There are also many countries that recognize Bitcoin and value it in fiat time. There are also many places where they consider Bitcoin to be a scam. Because they have not received proper information about Bitcoin. They have believed fake news about Bitcoin. They only know this little that Bitcoin is a digital currency with an unstable market. So they believe that if they invest money, they will lose money.

My question to you is how can we break this misconception of theirs? When they do not even have enough internet access. So I think it is easy for them to have a proper understanding of other investment methods and invest correctly on that idea?

@bestcandy, You have mentioned only lump sum method as other investment methods. But on the other hand, there are some other excellent methods of investment. For example: Value Averaging - VA, Buying the Dip, HODLing (Hold On for Dear Life) etc. You can use any investment method you want.We just want no investor don't take the risk. If you invest in any method except DCA, you may feel pressure on yourself. Because none of us want to suffer losses.

I am not forbidding any of you to invest in other methods. I am just requesting you to follow the safe path. Because if you do anything with mental pressure, the possibility of it being right is very low.

After all, you can invest your money in any method. None of us has anything to say about it.
I would request you to invest in Bitcoin for the long term .

Huliya

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