The amount of DCA assets depends on the individual investing. You can purchase Bitcoin in different steps to make long term DCA. The right way to trade in Bitcoin is to divide yourself into several parts. So that you can buy when the bitcoin market is low and sell it at high speed or hold long term. Following these methods is called DCA, there is very less chance of loss if you invest in DCA method. And if you invest directly the chances of loss are high. Hence following DCA is the main sign of an ideal investor.

In a recent news I saw the exact procedure of DCA.

QUESTION: "Oliver, why don't you trade #Bitcoin   ?"

ANSWER: "Well, trading #BTC    has been proven to be a losing strategy over the long run. Do you know why? Because 80% of all BTC's gains happen over only 13 days per year.

If you miss just one or two of these days, you're finished as far as being able to beat a simple weekly DCA (dollar-cost-average) buy and hold plan throughout BTC's full four year cycle.

Additionally, once you add the cost of taxes in the form of short-term capital gains, trading fees, and slippage, you've further eroded the possibility of beating a simple DCA buy and hold plan.

I've been a trader for 43 years, 37 of which as a professional. I've done the numbers on this every which way but loose, and I'm telling you this:

I will beat you as a trader with ease every single cycle while puffing on Cuban cigars and sipping on the finest wines of Spain and sleeping like a freshly bathed baby every single night with my DCA buy and hold plan.

I don't trade #Bitcoin because I want to win, not lose. Got it?"

Shout out to Spain 🇪🇸.  I love you!"

THE END
#HODL

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This is expected from experienced users especially if you have a manageable budget to invest consistently with a DCA strategy. I agree this is the best way to build your investment portfolio well, but I don't expect you to lie to yourself about what you say.

I'm sure some of them bought on dip and DCA prices, but I'm sure not everyone who says they are actually buying because of the budget constraints they have. Honestly, I really want to stop this nonsense, but let them think for themselves. red4slash, you know that you still need to have an emergency budget to deal with unexpected financial situations, so you don't need to emphasize your desire to invest consistently if you don't have an emergency budget.

True, this is very relevant and makes sense, however, regarding the pattern of investing in BTC using the DCA method if it starts today... I think the waiting period of 5 years might be too long for me personally, maybe for other people. Yes, I was thinking and this is definitely not a reference as conveyed by brother @2Pizza410000BTC regarding the BTC price target via the GPT caht application because it is possible that the current data has not been completely generated. there is a big possibility that in April 2024, to be precise, the profit can be felt and one more thing I think is the point, for those who have a monthly salary and are already paid, this DCA style investment pattern can already be applied  .

This part of your post makes a lot of sense $crypto$; however, I will also add that it would not be absolutely required that a person establishes his/her 6 month emergency fund prior to even getting started in investing.

In other words, you can build your emergency fund while you are investing, and surely getting to 6 months is nice and solid and perhaps not even overkill, even though many people do not even have 2-3 months of an emergency fund.. and many people live pay check to paycheck and surely those people are gambling whenever they invest into anything because they have failed/refused to get their shit together prior to investing, and so any steps in the direction of making progress towards improving your situation is going to make a person a better investor, and we need not let the perfect be the enemy of the good, even if we might continue to attempt to make progress towards improving our practices and working towards making our set up more and more perfect.. and maybe we might not even completely achieve the perfect.. but working towards it little by little is much better than not even thinking about what would be the place that we would like to get to and then to regularly see that we are hopefully making progress in the right direction.


This sounds like a pretty weak idea... including "taking maximum advantage" makes it sound as if you believe that you need to cash out of bitcoin.  What the fuck you going to buy with your bitcoin that is better than bitcoin?  Sure you can consume some of it and sure you can diversity in to some other investments, including maybe buying your own personal home, but still there likely are needs (and preferences) to maintain decent amounts of your bitcoin investment at all times rather than thinking about cashing out of it.. but yeah, each person is going to figure out these matters in different ways including once s/he get through BTC accumulation, then maybe what might be a good way of maintaining some decent level of BTC stash in order to ongoingly benefit from having had accumulated bitcoin rather than selling out of your bitcoin and either consuming it and/or investing into inferior assets.


It is likely not long enough for many people, even though they might think that they have to buy something blah blah blah.. when they likely are going to be way more advantaged by creating and maintaining some kind of a longer term BTC investment plan that does not necessarily involve getting out of BTC, so in that regard, they (including you YUriy1991) likely need to engage in some kinds of thinking regarding how to transition from BTC accumulation into a kind of maintenance stage and then at what point liquidation might come. which the liquidation phase would likely be towards end of life, but the maintenance stage would mean bitcoin is forever not some dumbass short term thing that you cash into dollars or buy property that is not going to likely be as good of places (as compared with bitcoin) to keep much if any of your value.


Who cares what chatGBTC says or any of those other models? 

you need to think for yourself and you also need to figure out some kind of a plan that prepares yourself psychologically and financially for a variety of scenarios, and nothing wrong with accounting for various models including ChatGBT, but in the end you likely need to formulate your own plans, and sounds like you are having some troubles with that... so you likely need to work on those kinds of preparations.


And so you are planning to cash out some in April 2024?..

Whether the price goes up or not by the halvening is likely a big so what.. since it tends to take several months for the effects of the halvening to be felt (meaning the reduction of the new supply of BTC).. so there will be additional UPpity price pressures that likely happen after the halvening.. and they increasingly are felt in the next year or two after the halvening, which may or may not end up contributing to the price of BTC to go up after the halvening, including many months after the halvening.

Sure there is nothing wrong with having ideas for selling, but that's not the topic of this thread. 

This is not the "all things bitcoin" thread.

It has a specific topic and a specific emphasis.. and so even though the topic is not about DCA, DCA is directly another kind of way to go about accumulating bitcoin which would be part of the reason for buying dips and HODL...

sell is the other direction.. and meandering away from the topic, even though surely people think about those kinds of things when getting into bitcoin, and I specifically recall when I first got into bitcoin I wanted to make sure that I had at least one or two potential off-ramps, even though I was not sure if I was going to end up exercising such off-ramps, it was good to know that they were available.. just in case.

A similar thing could happen when buying and buying and buying.  There could be some points in which we might get uncomfortable in the sense that we might have bought too much (in terms of our own financial and/or psychological circumstances).

Thank you and i got your points here, when we are investing, it also matter on the pattern we use in accumulating, we should consider holding as more important after which we would have set the target of buying when the market is more favourable to get in, i also got your idea that it's more interesting to concentrate on buying and holding than we could give much priority to selling just as the discussion goes, it's not also about buying alone, but when to buy and hold, we have the right focus on what we are holding to the very best of our advantage althrough the period if we buy low and hold for some time, ofcourse it's a very good idea if the use of DCA is what we could adopt to make this entry each time we are buying.

What exactly do you want to mean by this because looking at the statement you gave, you actually want to lead to DCA or buying a large amount at once because these are 2 very different strategies.
On the other hand, when we focus on DCA actually if we want consistency I think we don't really care about corrections and prices because we already have an initial determination with DCA consistency according to what we plan so that regardless of how the market upheaval or maybe a bitcoin correction occurs, it doesn't really affect consistency if we seriously want to do DCA.
As well as when saying All in, it's not DCA mate because as I've said before (I thicken) DCA is not just limited to buying bitcoin once after that's done but needs some consideration where you have to have a plan and think about the financial condition whether we can still be consistent to make purchases for a period of time.

Your perspective on Dollar cost averaging (DCA) and its suitability for various phases of accumulating and managing Bitcoin holding is quite insightful and we all Bitcoin enthusiasts to consider adopting this strategy to potentially gain huge rewards in future. DCA is indeed popular investment strategy as it helps to mitigate the impact of risk associated with market volatility. However as your holdings of Bitcoin grow and our goals evolve, other strategies such as buying on dips and lump sump buying start to appear more appealing.