<<  >> (p.108)
    Author Topic: Does the DCA strategy inspire newbies to invest?  (Read 28674 times)
    Jody.Drummer
    Hero Member
    *****
    Offline

    Activity: 2324
    Merit: 600


    View Profile
    June 09, 2026, 09:53:13 AM
     #2141

    This is the most suitable time, and you can invest in any situation if you follow the DCA method. As a result of following the Bitcoin DCA method, if you start investing weekly and continue to purchase Bitcoin for the future, your deposit will be created along with your Bitcoin investment. As a result, you will be able to invest in Bitcoin in any way, following the DCA method will create savings on the purchase price. So if someone invests Bitcoin correctly and moves forward into the future by following the DCA method for a long time, that person will be able to grow his portfolio.

    For a normal investor, it may be almost impossible to find exact top or bottom of market and thus it is best to make small regular investments on weekly basis. I think best thing about a DCA plan is that you get to change your attitude from careless gambler to careful saver. If you are in market buying, you are going to bring down your average purchase price over time without it even coming to you. As long as a person keeps his/her weekly routine for couple of years, his/her total coin balance will be always growing. It is a steady way and surely safest way to earn big if you are seeking to build serious money in crypto without sleepless nights.
    Not everyone has the same mindset. Many people have high levels of emotion, so even after doing DCA with discretionary income, many panic and sell when the price drops. I myself noticed something today. Today, after going to work, I found out from a colleague that his brother used to buy Bitcoin regularly. Suddenly, when he saw the price of Bitcoin dropping again, he got scared and sold everything. My colleague was saying that he had been very mentally unstable for the past few days. When he said that his brother used to buy Bitcoin regularly little by little, I immediately realized that he might have been doing DCA. But even after doing DCA, he sold it, I did not understand this. It may seem that he did not have a backup fund. But I am aware of their financial situation. The person my colleague was talking about was quite financially well. So there was no situation to sell Bitcoin to meet an urgent need. Still, he might have sold Bitcoin only out of fear. So I think that if the mindset is not strong, then it is really very difficult to hold Bitcoin.

    Or maybe he was not investing with is discretionary income but a loan from the bank or lender and it's accumulating interest is above the capital because if he has investing with his discretionary income he will see bitcoin investment as an additional income to him and not a waste since it is for a long-term and you know that this are bound to happen even if he has not experience it before.

    He will regret his actions later but then it will be too late, when investing in bitcoin we don't allow our emotions to control us.
    It is a mistake when we invest using borrowed money, although this method can indeed be done but it is actually not recommended because it is better to use your own money which is precisely the discretionary income, besides that investing using borrowed money is like forcing yourself even though from another angle this can be overcome because you will get more money but anyway it is not recommended. The thing to consider is that investment in this case is better for the long term and using borrowed money seems like to get short-term benefits. Apart from that, it is better to make this investment by consistently purchasing it, so it is not possible to do it by consistently using borrowed money which means you have to keep borrowing to buy it, this is highly not recommended.
Page 107
Viewing Page: 108