We could really see that DCA works due to its flexibility, since people can start small then just increase later on the amount they want to use until they became comfortable on their consistent action by using this strategy.
Being consistent helps produce better results that last longer, although profits is not guaranteed since the future is unknown but the more Bitcoin increases in value as time goes the better results a consistent Bitcoin investor gets, it's not like the buy dip or the lumpsum strategy are not very relevant but the DCA helps keeps a balance when it comes to producing better result overtime.
Do you think investors will invest their money were profit wouldn't come and i want to refresh your memory on the reason why bitcoin is invested for long term is because once keeps accumulating in the process of your investment, you will surely see additional value as a profit for holding in a long term.
With any investment (whether bitcoin or anything else) profits are not guaranteed, even if people (even very smart people) are investing with expectations of profits. Just because an investment (including bitcoin) seems logical or perhaps it seems to be the best place that money can be put, the investment (bitcoin in this case) is still not guaranteed to be profitable in the future.
Since bitcoin is not guaranteed to be profitable, you need to chose your bitcoin allocation size (as compared with other places that you can put time, energy and value) with that in mind.
Of course, there can be a variety of arrangements that a guy might arrive at that he might perceive to be sufficiently reasonable for his circumstances, and of course, some guys likely start out too whimpily and other guys start out too aggressively, yet even if they might end up wrong, if they are ongoingly investing into bitcoin without making mistakes that are too great, then they can ongoingly learn with the passage of time and make adjustments.
If you start is slow then that doesn't mean you can't get good results provided you are willing to adjust your investments over period of time because our understanding and knowledge about DCA and Bitcoin investment increases with time.
Sure. You are correct that if you purposefully choose to invest less in the beginning, then you run the risk of not having had accumulated as much as you would have otherwise had, yet each person has to figure out how to start out at their own pace, and perhaps they should be inspired to look into bitcoin more so that they can increase their confidence and to invest more aggressively, yet we cannot change people and they have to figure it out at their own pace, and they suffer the consequences if they overdo it or if they under do it.
Likewise if you start aggressively then its important to maintain that aggression over a period of time or at least keep investing with whatever you can afford.
Sure, there are advantages to being aggressive and/or even front loading your investment into bitcoin, yet every strategy has its risks and its trade offs, which is part of the reason that guys need to balance to their own situation - and sure, I frequently suggest that guys should attempt to invest in bitcoin as aggressively as they are able to, so that that they can get to a decently good stash size, yet guys still have to come to those conclusions on their own, and ultimately they are also completely responsible for their chosen level of aggressiveness (or not).
Surely, many of us consider that DCA is good, since guys can adjust their weekly DCA amounts to their income and/or their expenses and ongoingly adjust as their cashflows might change.
In case you get bonus from job or earn extra profit in business don't spend it on luxury things like buying an expensive wrist watch, better use that in buying Bitcoin.
Sure. It is easier to choose to invest in bitcoin once the systems for buying bitcoin are in place. Frequently, no coiners won't have those kinds of systems in place so when they get a bonus they might try to imagine what they want, such as a vacation or a new Iphone or perhaps some other item that they don't really need, but they would like to have...so then, yeah, they might never really build up a bitcoin investment portfolio because they are too busy consuming and not even putting a very high priority in investing...and that's a choice.. but it does become easier to choose investing when the systems and the practices are already in place...and maybe you want to splurge on something, so maybe you choose to invest only half of your bonus rather than the whole thing. We do not need to think in terms of all or nothing, even when we might have had already chosen to invest into bitcoin in a relatively aggressive way.
We can also adjust our level of aggressiveness from time to time based on changes in our life... . .. most relevantly changes in our income, expenses or maybe even aspects of our psychology.
We frequently mention that some balance needs to be reached in terms of the spending of discretionary funds on: investing, saving and/or discretionary consumption... so we might need to make adjustment to our choices from time to time, especially if we might have had spent several months heavily weighted in one direction or another, there may come some needs to make some adjustments to bring back balance when we might have had gone overboard in one direction or another. We cannot determine for another person in regards to the extent that they might feel that some rebalancing might be needed.
There surely could be some newbies who want to hold back some money for buying dips that may or may not end up happening, yet it helps them to feel good to have some money on the side, even if it might be better to concentrate on ongoing buying of bitcoin, yet they have to make their choice, even if they might later change their choice based on their having had spent time building up both their bitcoin investment and also their back up funds so the size of those funds and their history around building those funds will help to inform them of tweaks that they can make and perhaps even inspire them to figure out ways to increase their discretionary funds by increasing their income and/or cutting their expenses.
For example, if the guy knows he could start out investing $100 per week, he purposefully decides to ONLY invest $30 per week into bitcoin while he gets used to making his weekly investments, and maybe he is even holding some cash on the side, yet as he becomes more comfortable with his weekly investments, he also becomes comfortable to increase his weekly investment amounts.
Like I said in start not everyone is fully aware of benefits of investing in Bitcoin but once we start investing then we take take big dive in doing research because our money is invested and that helps us to adjust the amount of money that goes into bitcoin.
Sure. Many of us consider that if we are putting money into something then we want to also put time and energy into learning about it too.
There are a lot of ways that folks can make mistakes, so there are likely some folks who invest into bitcoin and they have no clue what they are investing in, and there are others who study bitcoin, so we cannot necessarily inspire someone to research into bitcoin, even if they are already investing into it... I know someone who pretty much lost all of his coins based on failure to look into the matter, and the loss was pretty much caused by the sloppiness. We cannot necessarily save people from themselves.
