I'M DCA-ING

I’m repeating the title because I’m not entirely sure if ‘DCA-ing’ is a real term. I get the concept of DOLLAR COST AVERAGING (DCA), but not sure if it works in this context. Anyway, I’m stuck in an inn while BTC is taking a nosedive. Some folks are freaking out, unsure if the bull run is over (the briefest bull run ever). I’M DCA-ING, and here’s why. It’s simple, I’m not a great trader and I KNOW IT. You guys can spot the dips and buy in BIG. The weak hands panic and say IT’S GOING DOWN, I’LL SELL. You end up giving your BTC away to the whales at a discount. For me, if BTC goes up, I’LL BUY, if it drops, I’LL BUY. I’m not losing like some of you since I average my buys at both HIGH and LOW. I don’t use my rent money or beer funds for this. I’m investing what I planned to save in FIAT. I’m not worried about whether a BULL RUN is coming or not. If it doesn’t happen, we’ll just wait until 2029/30. You can only lose if you sell to traders. Keep in mind BTC has halved again, making it more scarce. If you sell now, your kids and grandkids won’t have any BTC left for them. Oh, and I’ve been sipping on some bitters. On the bottle, it says Alamo bitters. Whatever. Go ahead and sue me. (I’ll cover it during the bull run.)

Good for you, since you said you are a bad trader, so the best option is to DCA as much as you can keep accumulating bitcoin and stay away from fuds and panic speculations, because having a set time as per long term duration is what keep you at a save end all the way up,  at this point, any attempt to engage with the market either when bull sentiment or in bear race is an express way to lose your Bitcoin value. Keep buying as much as you can and never let the fuds get to you, most of the times what I do is to set a percentage buying perimeter and a zero sell perimeter,  which means total sell in position so my bitcoin holding is always save and growing in bits.

You have already said it that you are a BAD TRADER  and that is why you will intentionally buy btc at a price that is high, perhaps you are a spot trader hehe. I think you are a spot trader who takes of delivery for buy or sell from the market daily because I don't know of a hodler who want to go into the market at anytime no minding if price has gone high and then wait for next four years instead of accumulating with DCA at a low price. So I'm not going to DCA during the time I know price has gone up only traders do that because they sell too at a little price change/difference.

Yea, I am a bad trader like GameKyuubi. My only saviour in this market is DCA. Do you DCA only at low? Do you know the low and the lowest of low? If you know the low, wait for it and buy there. But with DCA I don't care about the low and the high. I have a question, BTC is at $61,895, is this low or high? If you say it is low, what will you call $32,322. If you say it is high, how about $75k and anticipated $100k. While you contemplate, I buy consistently without looking at the price.

Yes such bad traders don't really care about price drop and rise. I love bad traders like you, because I love the DCA method and the DCA method user. This method allows you to buy bitcoins at any time. Whether the Bitcoin market is bullish or bearish doesn't stop you from continuing to invest in your DCA method.

To make use of DCA pattern on our investment is a wise decision because it saves a lot in what we have allocated to be invested and we can also take is an another chance to safely secure our money or asset because of the upper edge in making bitcoin investment using this DCA pattern, if you're into this, then also learn to hold and be more productive in making an investment.

One thing I do not understand is why people who have money complain when bitcoin dips, why can't they see that's an opportunity for them? Long term holding of bitcoin always pays, you just got to be patient enough. I said people who have money, because I know holding is not easy for those who don't have money, but as long as you have a source of income, you should be able to hold bitcoin for a long term. It just requires planning, discipline and patience. If you have a source of income, that's all the capital you need to have bitcoin. It's not compulsory to be a trader, just hold your bitcoin and make profit from it. All you got to do is DCA and be patient.

DCAing's impact will be seen in the long term. This is what's good in this market, you can be a good trader or a good investor. You choose where you are good at. If trading doesn't work for you and you're just incurring more losses, then you have to choose the other way which is by holding and investing. There's no limit in doing DCA and it's also helping you to be more consistent with what you do and with this, in handling money and that involves investing.

I once had a friend who tried to argue with me about Dollar Cost Averaging. He said to me if you do DCA, you are going to lose more because the market will go up. I told him that it is wrong. Or maybe it was just a matter of semantics. With DCA there is no loss of any money, what happens is that the profit made is small when compared to if you invested a lump sum. I believe that the goal of DCA which I explain to him is basically risk reduction. It is in my estimation a risk management strategy and for asset like bitcoin whose price fluctuates, it is very applicable to it. I would rather choose small but steady profit over time than massive profit just once.

Some people adhere to the principle that 1 btc is worth 1 btc forever. Regardless of the price - 1 BTC that you hold is still 1 BTC, so you will never feel a loss if you have a principle like that. The problem comes when you have different principles - of course 1 BTC is very valuable and has a high value. Price volatility makes its value in fiat fluctuate - so you will definitely feel a loss if you are still holding when the price has corrected. One person regretted his decision of not selling btc at $73K when he realized the market had dropped to $60K. This is normal because after all the aim of investment is to get a profit or return. So now DCA - that's great, of course. Having bitcoin as an investment in the long term is certainly good - I would also prioritize it as much as I can afford.

You're a pretty bad trader buddy but trust me you're a good investor. In current market situation DCA-ING is the best strategy to accumulate more Bitcoin and hold those for long term. Those who're good traders might be scared because the market is not moving according to their expectations but those who're good investors often buy at dips and follow the DCA strategy. No one actually know that either the market will move upward or it will go downward but surely those who believe in Bitcoin will try their best to accumulate it no matter where the market moves.

Exactly DCA is a risk management strategy used by investors, with DCA you don’t need to bother to look for a perfect price to get into the market, anybody that says they are DCAing amd losing are definitely doing it wrong like only buying the highs which is clear FOMO. My own personal DCA method is; I use like 70% of my intended funds to buy at the start of the my investment the remaining 30 percent is divided into three past each part is used when a dip happens. Until the entire portion is filled up, this gives you more of the coin than you would have actually got at a certain price. Bitcoin at the current amount can only be accumulated with only DCA alone as the price is too high and it is also fluctuating again

I don’t know who needs to hear this, but mining Bitcoin is a great way to lock yourself into dollar cost averaging. If you use your fiat to buy miners, you likely won’t regret it. While I think there’s nothing wrong with buying BTC directly, I think having multiple strategies such as mining and buying along with selling goods and services is a great way to make sure your stacking is diversified.

That's the spirit of true HODLERS right there I'm pretty sure some people with likewise mindset that got lucky enough to bag all the way from a thousand dollar a bitcoin to 70 thousand dollars a bitcoin are people with massive diamond hand that don't give a damn to the market price swings. i've seen plenty of such stories in twitter, many of them believe bitcoin will go to millions ever since from the very start, which I admire because their patience truly pays off. you know DCAing is also one way to be stress free from extensive behaviour of monitoring the market, sort of invest and forget it which I also personally do.

Let me start by saying DCAing is very correct if you join it together, it's contemporary English, it doesn't have to follow the old rules. As for the discussion itself, well, you should first know the difference between trading and investment, for this, I do not see you as a bad trader but a bad investor. All your plans can only say of a desperate investor that doesn't have any regard for the investment rules, and this could also mean that you are just an extremist regarding Bitcoin, this is why you can be saying you do not care about the outcome but just invest. What if something unforeseen happened negatively and you lose too much? This is why I like to always tell us the Bitcoin investors to cool down, we should think before we act and also see Bitcoin as an asset, and not one god-asset, otherwise, it will cloud our judgment and that can't be good. All assets have their good and bad days, which is why investors should be smart and not sentimental, even as we use our economic data and technical charts. The two will now agree for us to have reasonable investment decisions instead of just investing without a basis. Fine, the DCA approach is a good one, and had it been it's the only one you talked about I wouldn't have given it much thought, but referencing Buy and Buy is not good for a serious investor, we should be ready to act appropriately. Even at this high level of Bitcoin, DCAing is increasingly becoming risky, although the downwards retracement from $71,000+ in a few weeks has limited the risk by a few.

It is too perfect and it is like a story only. We use money to purchase Bitcoin but we will need to sell our bitcoin in future. There is nothing like Buy in bear market, Buy in bull market, buy forever and never sell. [ANN] JJG Sustainable Bitcoin Withdrawal Strategy that is one of idea for withdrawal of your investment.

Perfection is what you’ve written out my dear in simple lay man’s terms, this should be the lyrics to all of us applying the DCA method. Come rain come Sun we’ll continue applying the DCA method buying Bitcoin at whatever rate and HOLD not only for us but for our unborn children.

You have indeed taken a very good decision. Since you are a bad trader, you have made a 100% correct decision. You buy Bitcoin at average price using DCA method. Whether the price is low or high, you just keep buying. Hold it until the bull run starts. And since you said you're willing to hold it until 2030, you've got a lot going for you. Keep going buddy, keep buying as much as you can, just hold on and keep running this.

You are doing the right thing now. Because you are a bad trader, and because of a small mistake in trading, all the money is lost,  you are a bad trader, and if you tread more so you have lost a lot of money. But before that you are out of trading. You have done a really smart job. Another thing is, you have taken the best decision, because DCA method is the best way to earn from Bitcoin risk free. Every failed traders should make such decision like you. Anyway now you go on your own way, investing and holding as much as possible. And keep it for a long time. You will see that at one stage it has given you more returns than you expected.

I read the topic as "I AM DECAYING" Maybe DCA-ing isn't the best sounding word if you want to popularize the DCA process. You have a nice conviction there buddy. Wish I was that enthusiastic, but after years of holding I no longer have the need to stack. I have enough of my money invested in bitcoin, I don't need to add more. Maybe if I was making over $2k a month I'd consider putting some of it into investments, but I feel like I'm going to be more or less passive this cycle and go into spending mode starting next cycle.