Quote from: Roseline492 on August 01, 2024, 11:24:59 AM

Quote from: sotelorene on July 31, 2024, 09:25:13 PM

Quote from: Ricardo11 on July 31, 2024, 02:58:35 PM

Quote from: Bravut on July 31, 2024, 11:02:02 AM

Quote from: laijsica on July 31, 2024, 08:19:26 AM

The DCA concept is a potential medium for sustainable Bitcoin investment where a portion of disposable income is constantly accumulating. Considering the volatile prices and bullish trend it can be a much better decision by accumulating a valuable asset with household daily expenses. Here is the assurance of proper use of limited resources as well as the assurance of alternative valuable resources for future generations. If you want to generate more growth, you can decent the portfolio by increasing your buying during bearish times. Basically holding bitcoin for long periods of time.

The practical saying of investing and forgetting can mean holding for a long time regardless of value which is of course very important for Bitcoin holders. Only the growth of stashing should be taken into account at intervals of time.

Well said, I agree with your view concerning growth of our Bitcoin Portfolio which is about accumulating more so as to have more stash of Bitcoin. This is necessary for every Bitcoiner/investor to take into consideration especially when dealing with a valuable, limited asset like Bitcoin.
The more stash of Bitcoin an investor possesses the higher the profit to be expected likewise reaching a maturity stage which can only be achieved if one has discipline, DCAing or using any other approach to accumulate more Bitcoin.

As you said earlier, buying more Bitcoin during a drop (dip) enables Accumulation process and purchasing power to buy more since its cheaper then. I believe by now investors should understand the need for a long term approach in Bitcoin Market, avoid panicking and follow through there plans with 4-10 years of hodling.

Yes, DCA is the best and most profitable way to invest in Bitcoin. Always consider investing in DCA. If you are disciplined and invest regularly on a weekly basis, it will become more profitable for you. Make a plan for the long term, (at least 5 years). You have to decide that during these 5 years or more, you don't even think about selling your holdings, you just have to buy, no matter how much the price goes up or down, you have to buy regularly on a weekly or monthly basis, market pump? buy, market dump? Buy more and it requires you to have at least 2 sources of income, so that if one source of income is somehow lost, you can continue your investment with the other. And definitely keep some money in cash aside for emergencies. In short, regardless of the situation, you will continue investing and holding. Then you will see that after a long period of time you will get a much higher return than what you expected.

The DCA method is really good no doubt but we can't really say is the best and most profitable way to Bitcoin investment rather it can be seen as the best for those who uses that method of accumulating Bitcoin

The reason for DCA strategy is not for profit so don't be confused about that because I noticed that most people have been having a misconception about the purpose of DCA because I have also seen that most people think that DCA strategy guarantees a successful investment, actually DCA is just a normal strategy and utilizing it in terms of accumulating Bitcoin depends on individual or the investors also in terms of profits is actually depends how far you have accumulated on your investment that determines it because there are people who can use DCA strategy but could not still see any good return after holding because they failed to continue there investment.

Quote from: sotelorene on July 31, 2024, 09:25:13 PM

do you think those great investors actually use the DCA method now? And even if they use it I am pretty sure that it will only be few of them if at all they use it any method one chooses is best for the person not for everybody perhaps you can say is the cheapest or easiest way to go about Bitcoin investment.

Why do I get the feeling that you only see DCA strategy to be only use by people who only have smaller amounts of funds, on the contrary it can also be use by anybody including the rich because DCA strategy doesn't limit people from accumulating with a certain amount because you can accumulate using any amounts of money you can afford, so of course both the poor, rich and successful investors uses DCA, perhaps it seems you draw your conclusion through the several discussions that was talking about accumulating with a smaller amounts, actually those advice was only for those who barely have enough money or source of income but in the case of those that are wealthy they can possibly use any amounts whether big or small so long as they keep up there regular accumulation they are okay.

You're absolutely right mate DCA method is not only for those who have smaller amounts of funds, it can be use by anybody just as you said earlier. actually most people just decide to use the DCA method to accumulate bitcoin in their portfolio not that they don't have the money to invest in bulk, rather they just want to reduce the risk. Well talking about accumulating in a smaller amounts, actually there's nothing wrong with that advice, you know is just an advice so is left for you to decide what's best for you depending on how much you're earning. of course you can invest as much as you can, more especially when it has to do with bitcoin investment because is only the most valuable and reliable asset in Long term holding.

Derek jnr2001

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