One of the strategies for Bitcoin

[Cgrexp]

If you have a job yes, investing into bitcoins using DCA strategy over months can be easier because you have a fixed source of income and can create a budget where you can list investing into bitcoins on a recurring basis.

But for those who do not have a stable source of income, it might be a bit difficult to follow regular investments as sometimes they might have excess money but sometimes they might have to wind up in bad days which will impact their investments. For them, investing whenever they have money might be a better option.

To answer your question, yes depositing or investing bitcoins using DCA can always be useful as it will mitigate the risks but be prepared to hold your investments for longer term.

It is important to hold Bitcoin for the long term rather than selling or trading, especially for new investors. This is because trading involves keeping an eye on market fluctuations. A good habit for new investors is to continue investing regularly every week, regardless of the price. Practice strong cash flow management and reassess the situation after investing consistently for a full cycle or longer, and gradually increase the investment amount. Buying consistently and setting a comfortable amount helps to develop an investment habit.

[mustapha67]

Do you think there is any easier way to deposit Bitcoin like this method in DCA?

There is no other easier way, especially if you are looking at accumulating your Bitcoins over a long period of time by periodically buying small amounts whenever you get cash. The other method for someone who already has a lot of money would be to just buy as much Bitcoin as possible during the bear market at a giveaway price, send it to a cold wallet, wait for the price of the asset to grow over the years.

Sorry, I think I'm interested in this topic, as a newbie. I mean, talking about strategic planning for bitcoin investment is a little confusing to me. The question is, as a newbie, what is the first step to invest as it appears that I have little, or no income yet?

Even if I need to accumulate bitcoin for a long period of time by buying small small amount as the case may be, how do I survive as a newbie. It is possible for experienced investors, and those who have made much money, though.

[Cossyblack]

Sorry, I think I'm interested in this topic, as a newbie. I mean, talking about strategic planning for bitcoin investment is a little confusing to me. The question is, as a newbie, what is the first step to invest as it appears that I have little, or no income yet?

First, as a newbie or a beginner, you must have basics knowledge of Bitcoin before investing as you nedd to understand how Bitcoin works so to avoid mistakes that could jeopardize your investment in the long run. Secondly, you should try avoiding investing from your primary income, instead you should invest using a Discretional income. In case you don't know what's a Discretional income, A Discretional income is the extra cash that remains after you must have covered for all your basic expenses for that week or month. Investing in Bitcoin with your discretional income consistently and Hodl for the long term, this way reduces stress and the pressure to sell in the long run.

[Marvell1]

The question is, as a newbie, what is the first step to invest as it appears that I have little, or no income yet?

You cannot invest and accumulate bitcoins if you have no income or very little income. Bitcoin isn't free, and it isn't cheap anymore. Therefore, if you want to invest some bitcoins, the only way you need is to find a job or increase your income.

Even if I need to accumulate bitcoin for a long period of time by buying small small amount as the case may be, how do I survive as a newbie.

To be able to survive and make profit from bitcoin, the most important thing is always the right knowledge. Therefore, besides finding ways to increase your income, spend a lot of time learning and researching everything about bitcoin investing.

[Loyang]

There is no easier way than this. But if you invest weekly, it will be better for you. Because if you invest weekly, you will get a lot of buying opportunities and your average purchase price will be much lower. Since you are investing, I would advise you not to buy every month. If you divide that amount of money and invest some amount of money every week, it will be better for you.

If you stick to the market for a long time, it will be much better for you. Because when you stick to the market, you will become experienced by seeing small market declines, if ever a big decline is seen in the market, you will not be too scared during that decline and may be able to cope with the decline.

[Ishicryptic]

DCA is a Best way and strategy for any one to buy Bitcoin even beginners.but the sweetest way is by buying gradually little by little accumulating your bitcoin.,removing your mind from it there is no way it will not appreciate.thats why Bitcoin is better than any other coin.cause it has more value that any other coin you can mention.

There is no doubt that the best strategy to buy and hold Bitcoin for a very long term is DCA method, we all know that fact and I like what you mentioned here that we should remove our minds from it when we buy. The more you are thinking about the profits that you have accumulated you will start to get the temptation to sell, it's your money and you can sell when you want but hodling for a long term is the best. Bitcoin investors on DCA method should have discretionary funds from where they can make provisions for reserve funds Incase a need arise that is not in their budget.

[Zigabel]

DCA remains the best way to continually gather Bitcoin, it avails you so much flexibility and less pressure on you to gathering up good amounts of Bitcoin that will layer amount to a very tangible sum in the near future, you only have to try to continue with making the deposit monthly or weekly,, depending on your choice and how your income flows.

Other means of accumulating Bitcoin can actually feel tedious or too bulky due to the amount you may have to invest all at once but with DCA it is much easier because you don't need the huge sum all at once, with the little stacks of the little sum you have, you can gradually pile up a very good amount of Bitcoin over a long time.e, provided you keep making your deposit as scheduled.

[Mr_Brilliant$]

DCA remains the best way to continually gather Bitcoin, it avails you so much flexibility and less pressure on you to gathering up good amounts of Bitcoin that will layer amount to a very tangible sum in the near future, you only have to try to continue with making the deposit monthly or weekly,, depending on your choice and how your income flows.

Other means of accumulating Bitcoin can actually feel tedious or too bulky due to the amount you may have to invest all at once but with DCA it is much easier because you don't need the huge sum all at once, with the little stacks of the little sum you have, you can gradually pile up a very good amount of Bitcoin over a long time.e, provided you keep making your deposit as scheduled.

Yeah, DCA really is one of the easiest and most realistic strategies out there….  It takes away all the pressure of trying to time the market or save up one big amount before buying.. With DCA, you just work with whatever fits your income flow, weekly, monthly, or whenever your budget allows, and over time those small, consistent buys will make up to something solid..

Trying to accumulate Bitcoin in one big lump sum, I’m not really a fan of it that much, and most people don’t even have the means to do that comfortably..  But DCA makes the whole process simple and sustainable. You are not stressing about price swings, you are just steadily growing your stack..

[Zackz5000]

If you have a job yes, investing into bitcoins using DCA strategy over months can be easier because you have a fixed source of income and can create a budget where you can list investing into bitcoins on a recurring basis.

But for those who do not have a stable source of income, it might be a bit difficult to follow regular investments as sometimes they might have excess money but sometimes they might have to wind up in bad days which will impact their investments. For them, investing whenever they have money might be a better option.

To answer your question, yes depositing or investing bitcoins using DCA can always be useful as it will mitigate the risks but be prepared to hold your investments for longer term.

It is important to hold Bitcoin for the long term rather than selling or trading, especially for new investors. This is because trading involves keeping an eye on market fluctuations. A good habit for new investors is to continue investing regularly every week, regardless of the price. Practice strong cash flow management and reassess the situation after investing consistently for a full cycle or longer, and gradually increase the investment amount. Buying consistently and setting a comfortable amount helps to develop an investment habit.

Accumulating Bitcoin and hodling it for long is the right process to invest in Bitcoin, the risk involve in trading is very high traders won't tell you this you can only see them talking about their short term profit but won't tell how much they have lost trading.

They target to accumulate Bitcoin when the price of Bitcoin dip and sell when the price increase, sometimes they buy and expect the price to increase and it keep to dip out of fear of more dip they will sell and sell in lost.

The need of holding for long is if the price dip there still possibility that the price of Bitcoin will increase in a long time.

[POPOLUV]

When it comes to investing in Bitcoin, almost all the investors make of DCA strategy because DCA strategy give reason and hope to all investors and mostly the newbies to be more secure strategy than any other strategies, and the reason why i choose DCA strategy is because of buying Bitcoin gradually by gradually aggressively if you wish to be aggressive in your buying process, and with DCA strategy you can never lose all you have invested with.

[Republikcoin.com]

When it comes to investing in Bitcoin, almost all the investors make of DCA strategy because DCA strategy give reason and hope to all investors and mostly the newbies to be more secure strategy than any other strategies, and the reason why i choose DCA strategy is because of buying Bitcoin gradually by gradually aggressively if you wish to be aggressive in your buying process, and with DCA strategy you can never lose all you have invested with.

Another reason more investors are choosing this strategy is because it is easier and free of pressure specifically for investors themselves. Moreover, in general, investors always use absolute funds that are specifically intended to buy Bitcoin without sacrificing anything else themselves, so it is not wrong to utilize this strategy as long as we ourselves are able to be more consistent in carrying it out in the long term. Because currently almost everyone prefers to invest in Bitcoin rather than buying Bitcoin to trade in the short term and this has long been seen in Bitcoin with the rate of new investors continuing to be born for Bitcoin.

[hyudien]

When it comes to investing in Bitcoin, almost all the investors make of DCA strategy because DCA strategy give reason and hope to all investors and mostly the newbies to be more secure strategy than any other strategies, and the reason why i choose DCA strategy is because of buying Bitcoin gradually by gradually aggressively if you wish to be aggressive in your buying process, and with DCA strategy you can never lose all you have invested with.

The DCA strategy is like a miracle, we are not forced to buy with large amounts of money at once, another advantage is that we get an average price when using this strategy and do not have to wait to buy when the market is sluggish, that is why most investors, even large institutions, use this style in buying bitcoin, another important thing is that DCA turns unexpected bitcoin movements into profits, because every decline becomes an opportunity and every increase contributes to the overall strength of the portfolio, so that long-term wealth building becomes much easier to achieve.

[Olatundespo]

When it comes to investing in Bitcoin, almost all the investors make of DCA strategy because DCA strategy give reason and hope to all investors and mostly the newbies to be more secure strategy than any other strategies, and the reason why i choose DCA strategy is because of buying Bitcoin gradually by gradually aggressively if you wish to be aggressive in your buying process, and with DCA strategy you can never lose all you have invested with.

This strategy for investing in Bitcoin is safe but there is no guarantee that you will definitely make a profit. Be prepared for any situation when it comes to investing. That is why this strategy is most often recommended for accumulating Bitcoin through discretionary income. This means that new investors tend to have a short term trading mindset, so they rush to withdraw capital and want to make a profit. The purpose of using discretionary income is to invest in Bitcoin with funds that could have been lost. Another advantage is that the DCA method is most suitable for investors during the learning period.

You need to be involved in investing to gain technical knowledge about Bitcoin and to learn more about investing, so the DCA strategy is a great investment strategy for investors of all levels starting from newbie investors. Bitcoin is a volatile asset, but also an alternative way of future financial settlement, so it is wise for smart investors to increase their Bitcoin holdings as a store of potential future value. Use discretionary income to deal with investment risks. By investing in funds that are worth losing, holdings can be maintained for the long term and high profits can be achieved.

[suhadi88]

There is no doubt that the best strategy to buy and hold Bitcoin for a very long term is DCA method, we all know that fact and I like what you mentioned here that we should remove our minds from it when we buy. The more you are thinking about the profits that you have accumulated you will start to get the temptation to sell, it's your money and you can sell when you want but hodling for a long term is the best. Bitcoin investors on DCA method should have discretionary funds from where they can make provisions for reserve funds Incase a need arise that is not in their budget.

In my opinion, that's the second strategy. The first strategy is to first invest capital so that the DCA strategy can run smoothly. If we don't have additional capital, just the initial investment, it's likely that DCA progress will be slow to reach the target. I think everyone has a saturation point, regardless of the form and strategy we invest in, including BTC.

Someone will continue DCA if they have capital, especially if they have additional income that can support and subsidize the long-term program. The key point here is the need for additional income.

[Bushdark]

Do you think there is any easier way to deposit Bitcoin like this method in DCA?

There is no other easier way, especially if you are looking at accumulating your Bitcoins over a long period of time by periodically buying small amounts whenever you get cash. The other method for someone who already has a lot of money would be to just buy as much Bitcoin as possible during the bear market at a giveaway price, send it to a cold wallet, wait for the price of the asset to grow over the years.

Sorry, I think I'm interested in this topic, as a newbie. I mean, talking about strategic planning for bitcoin investment is a little confusing to me. The question is, as a newbie, what is the first step to invest as it appears that I have little, or no income yet?

Even if I need to accumulate bitcoin for a long period of time by buying small small amount as the case may be, how do I survive as a newbie. It is possible for experienced investors, and those who have made much money, though.

This should not be about you being a newbie, if you can only invest in Bitcoin, that will make your become an holder. That is the only way we can know that you want to hold Bitcoin while you keep learning how to become a better Bitcoin investor.
If you are looking for a good strategy for Bitcoin investment, you can try the DCA strategy which will help you to buy at different prices as the price continue to rise and fall. This is the only liable way you can invest in Bitcoin and become profitable after a long period of time buying and adding Bitcoin to your wallet.

[Hardyrobust]

When it comes to investing in Bitcoin, almost all the investors make of DCA strategy because DCA strategy give reason and hope to all investors and mostly the newbies to be more secure strategy than any other strategies, and the reason why i choose DCA strategy is because of buying Bitcoin gradually by gradually aggressively if you wish to be aggressive in your buying process, and with DCA strategy you can never lose all you have invested with.

Another reason more investors are choosing this strategy is because it is easier and free of pressure specifically for investors themselves. Moreover, in general, investors always use absolute funds that are specifically intended to buy Bitcoin without sacrificing anything else themselves, so it is not wrong to utilize this strategy as long as we ourselves are able to be more consistent in carrying it out in the long term. Because currently almost everyone prefers to invest in Bitcoin rather than buying Bitcoin to trade in the short term and this has long been seen in Bitcoin with the rate of new investors continuing to be born for Bitcoin.

with the way some of you are sounding about DCA strategy it seen you people are trying to say that those other strategies isn't good for buying bitcoin. Also, there is no investors that is limited to only one of the strategies and investors can be doing DCA and also buy the dips or even do lump sum. There is no strategy that isn't good likewise the DCA strategy.

[Rabata]

When it comes to investing in Bitcoin, almost all the investors make of DCA strategy because DCA strategy give reason and hope to all investors and mostly the newbies to be more secure strategy than any other strategies, and the reason why i choose DCA strategy is because of buying Bitcoin gradually by gradually aggressively if you wish to be aggressive in your buying process, and with DCA strategy you can never lose all you have invested with.

Another reason more investors are choosing this strategy is because it is easier and free of pressure specifically for investors themselves. Moreover, in general, investors always use absolute funds that are specifically intended to buy Bitcoin without sacrificing anything else themselves, so it is not wrong to utilize this strategy as long as we ourselves are able to be more consistent in carrying it out in the long term. Because currently almost everyone prefers to invest in Bitcoin rather than buying Bitcoin to trade in the short term and this has long been seen in Bitcoin with the rate of new investors continuing to be born for Bitcoin.

with the way some of you are sounding about DCA strategy it seen you people are trying to say that those other strategies isn't good for buying bitcoin. Also, there is no investors that is limited to only one of the strategies and investors can be doing DCA and also buy the dips or even do lump sum. There is no strategy that isn't good likewise the DCA strategy.

In investing in Bitcoin, an investor can invest using various strategies. It is true that although there are other investment strategies, the DCA strategy is much easier than others. In this way, if someone wants, he will get the opportunity to build a large portfolio of Bitcoin by investing according to his ability. But those who are not very enthusiastic about following DCA, if they have the ability, they can hold Bitcoin through Lump Sum investment, which can give them big returns in the future. If someone wants, they can only adopt the strategy of buying from the dip. It is not the case that only the investor has to do DCA when investing in Bitcoin, but this strategy is very useful for those who are new investors.

[Dickiy]

Another reason more investors are choosing this strategy is because it is easier and free of pressure specifically for investors themselves. Moreover, in general, investors always use absolute funds that are specifically intended to buy Bitcoin without sacrificing anything else themselves, so it is not wrong to utilize this strategy as long as we ourselves are able to be more consistent in carrying it out in the long term. Because currently almost everyone prefers to invest in Bitcoin rather than buying Bitcoin to trade in the short term and this has long been seen in Bitcoin with the rate of new investors continuing to be born for Bitcoin.

with the way some of you are sounding about DCA strategy it seen you people are trying to say that those other strategies isn't good for buying bitcoin. Also, there is no investors that is limited to only one of the strategies and investors can be doing DCA and also buy the dips or even do lump sum. There is no strategy that isn't good likewise the DCA strategy.

Actually all strategies are good but so far what is more recommended is DCA, besides being effective this strategy can also minimize risk in the long run and can also be done by small investors, meaning people with medium or even below average financial situations.
But in the end the decision is in the hands of each individual, you are free to choose any strategy that is effective and not too risky, so far if I myself still survive with the DCA strategy, because the amount of accumulation I deposit is not too large but the important thing is consistent.

[Hardyrobust]

When it comes to investing in Bitcoin, almost all the investors make of DCA strategy because DCA strategy give reason and hope to all investors and mostly the newbies to be more secure strategy than any other strategies, and the reason why i choose DCA strategy is because of buying Bitcoin gradually by gradually aggressively if you wish to be aggressive in your buying process, and with DCA strategy you can never lose all you have invested with.

It is not all investors that make use of DCA strategy. It is wrong for you to make such statements because it looks as if you are trying to say that the other strategies isn't good for buying bitcoin. The DCA doesn't guarantee that you won't be able to lose or that you will be successful in your bitcoin investment. The DCA strategy is mostly good for no coiner with low discretionary income since the other strategies involve waiting and the other involves having a lump sum.

[Silikiem]

When it comes to investing in Bitcoin, almost all the investors make of DCA strategy because DCA strategy give reason and hope to all investors and mostly the newbies to be more secure strategy than any other strategies, and the reason why i choose DCA strategy is because of buying Bitcoin gradually by gradually aggressively if you wish to be aggressive in your buying process, and with DCA strategy you can never lose all you have invested with.

It is not all investors that make use of DCA strategy. It is wrong for you to make such statements because it looks as if you are trying to say that the other strategies isn't good for buying bitcoin. The DCA doesn't guarantee that you won't be able to lose or that you will be successful in your bitcoin investment. The DCA strategy is mostly good for no coiner with low discretionary income since the other strategies involve waiting and the other involves having a lump sum.

The DCA strategy seems to be the most effective way of accumulating bitcoin as it allows you to accumulate bitcoin at any price and with just a discretionary income at your disposal. With the DCA method of accumulating and investing in bitcoin you still have the opportunity to accumulate at any other buying pattern depending on individual cash flow. If an extra income comes in along the line as you’re DCAing, you can lump sum with such extra income, and if along the line as you’re DCAing, an opportunity to buy in the dip presents itself, you can take advantage of the opportunity to accumulate even more at such a reduced price depending on the availability of some reserve funds to cover for the dip buying.