Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: Dorocrypto on September 29, 2024, 06:13:22 PM
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The news of BTC eying 11% monthly gains as DXY threatens major plunge on Cointelegraph. From what I'm seeing, I think BTC is in for a good positive price trend but not sure if the bullish cycle is upon us although recent market news are suggesting better days ahead, seeing the likes of Titan of Crypto & Daan Crypto on X speaking volumes as to what will be the outcome of the market this Q4.
With the price at $65.7K, I'm kinda confused if dcaing ATM is worth a good strategy at the moment in preparation for the next bull cycle which could arrive anytime soon & on the other hand DXY plunge could also hit us hard in my humble opinion
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Honestly, DCA might be a good move right now with BTC looking positive. Just keep an eye on the market trends and your own risk level. It could pay off!
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Well, I think it's always to have some BTC in your portfolio. If you're planning on buying just now to catch the what I prefer to call as the last leg up in this cycle, it's still a good decision but that's your call. You can start DCAing next year in preparation for the next halving.
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Well, it is your call whether to continue DCAing while looking at the current bullish price of Bitcoin. You can choose to stop anytime and then come back anytime if you want to since nobody will actually be giving you any punishment for that...though this may defeat the very idea of DCA. When you are listening to the opinions of other people especially those whom you admire, you can easily get confused on what to do. Always remember that not one of them can be right all the time. Better listen to your gut and follow your heart.
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Well, I think it's always to have some BTC in your portfolio. If you're planning on buying just now to catch the what I prefer to call as the last leg up in this cycle, it's still a good decision but that's your call. You can start DCAing next year in preparation for the next halving.
Totally. It's viable, but it's up to each person and the goals they have in place.
This cycle should be good, though.
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Well, I think it's always to have some BTC in your portfolio. If you're planning on buying just now to catch the what I prefer to call as the last leg up in this cycle, it's still a good decision but that's your call. You can start DCAing next year in preparation for the next halving.
The market conditions at the moment is presenting opportunities to BTFD, by the way, the next halving is too far and I would want to grab this chance before it's too late should the Bull kicks in.
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Well, it is your call whether to continue DCAing while looking at the current bullish price of Bitcoin. You can choose to stop anytime and then come back anytime if you want to since nobody will actually be giving you any punishment for that...though this may defeat the very idea of DCA. When you are listening to the opinions of other people especially those whom you admire, you can easily get confused on what to do. Always remember that not one of them can be right all the time. Better listen to your gut and follow your heart.
You can do the DCA method according to your wishes, to continue when the price goes up or stop according to your wishes. Because this method can collect the coins you like gradually. and this is a smart strategy and is adjusted to each person's abilities in order to get maximum results in collecting crypto assets in our wallet.
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According to speculations, Bitcoin expected to reach $120k - $150k before the bull market will be over and if that actually going to happen, that means DCAing now can still be able to generate some profit.
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According to speculations, Bitcoin expected to reach $120k - $150k before the bull market will be over and if that actually going to happen, that means DCAing now can still be able to generate some profit.
If that's the case then I would agree with you. I also expect that Bitcoin will reach at least $100,000 during the bull run hence, it's still good to accumulate some Bitcoin right now if your primary goal is to sell it during the bull run like what others are planning for sure (including me). :D
DCA is a good strategy to accumulate Bitcoin, and you can do it anytime "EXCEPT" when the market is falling down or we are entering the bear market already. I guess studying the history of price movement of Bitcoin can help you determine which month or year is good to buy accumulate Bitcoin.
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With the price at $65.7K, I'm kinda confused if dcaing ATM is worth a good strategy at the moment in preparation for the next bull cycle which could arrive anytime soon & on the other hand DXY plunge could also hit us hard in my humble opinion
people who do dca should focus only on growing their funds if they start to worry about prices the possibility of missing some good chances will be higher this is why many people do dca so if you are someone that can't help but worry about the price then you can just buy at a cheaper price and stop during when the price is this high
there are many methods of gaining more bitcoin depending on your own goals, preferences and budget as well as your own character
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According to speculations, Bitcoin expected to reach $120k - $150k before the bull market will be over and if that actually going to happen, that means DCAing now can still be able to generate some profit.
If that's the case then I would agree with you. I also expect that Bitcoin will reach at least $100,000 during the bull run hence, it's still good to accumulate some Bitcoin right now if your primary goal is to sell it during the bull run like what others are planning for sure (including me). :D
DCA is a good strategy to accumulate Bitcoin, and you can do it anytime "EXCEPT" when the market is falling down or we are entering the bear market already. I guess studying the history of price movement of Bitcoin can help you determine which month or year is good to buy accumulate Bitcoin.
It’s important to always remember that this is only but a speculation, no one has the ability to accurately predict the crypto market. Hence, it’s always advisable to always take precautionary measures when approaching or making investment decisions based on speculations as these information may not be accurate. However, it’s important to always approach Bitcoin investment with long term perspective at all time as this is the only way you’re sure of mitigating the risks of losses, short term approaches are never certain as the market could at any time take an unexpected turn.
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The news of BTC eying 11% monthly gains as DXY threatens major plunge on Cointelegraph. From what I'm seeing, I think BTC is in for a good positive price trend but not sure if the bullish cycle is upon us although recent market news are suggesting better days ahead, seeing the likes of Titan of Crypto & Daan Crypto on X speaking volumes as to what will be the outcome of the market this Q4.
With the price at $65.7K, I'm kinda confused if dcaing ATM is worth a good strategy at the moment in preparation for the next bull cycle which could arrive anytime soon & on the other hand DXY plunge could also hit us hard in my humble opinion
DCA is always a smart strategy because you can maximize your loss and risk by using DCA method. if you buy Bitcoin or any others coins in on transaction then you may face a big loss if market goes down. and it has also possibility to make a good profit if market goes up after you bought any coin. so if you want to minimize your it risk then yes DCA method is very good. I always use this method for trading and also for holding. because I like to take low risk and enjoy myself in relax way
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In my opinion, if you go long term or waiting for the next bullrun, then buying at the moment will be good and DCAing is the best as long as you are able to hodl til the next bullrun. We can actually DCA all the time depending on market conditions and if it really is profitable to us. If only I had the chance to buy then I will surely buy Bitcoin as my back-up or reserve investment.
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In my opinion, if you go long term or waiting for the next bullrun, then buying at the moment will be good and DCAing is the best as long as you are able to hodl til the next bullrun. We can actually DCA all the time depending on market conditions and if it really is profitable to us. If only I had the chance to buy then I will surely buy Bitcoin as my back-up or reserve investment.
DCA should definitely be followed here as crypto is volatile. And throughout life DCA will be used as a good investment strategy with no alternative. It must be accepted otherwise no one can manage money. And all professional traders I think use the DCA method. So why don't we use it?
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First of all DCA is for the real long term investors so they should not be affected by short term markets like change in Q4 trends or such like that, their goal should be accumulating x amount of bitcoins in x amount of years and they are committed to invest x amount of their income to bitcoin for every week or month and not taking any break from the investments whether the market rise or dip is the right way of doing DCA and it's the best strategy for retail investors to accumulate decent amount of bitcoin.
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Everyone has their own way of investing, DCA is good but there are also people who are reluctant to do it, we don't know the basic reasons why they use other ways to invest
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The use of the DCA system to significantly and consistently increase certain coins over a certain period of time has been done frequently and has become a trend in strategic investment for a long time, and this has been quite successful for people in the crypto world. However, consistency is one of the reasons and requirements, as well as the ability to control emotions and oneself, as long as it is truly able to make it the best strategy in investment.
And for market conditions like today, yes DCA is quite good and in line with the current character, which fluctuates in a measured manner.
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The use of the DCA system to significantly and consistently increase certain coins over a certain period of time has been done frequently and has become a trend in strategic investment for a long time, and this has been quite successful for people in the crypto world. However, consistency is one of the reasons and requirements, as well as the ability to control emotions and oneself, as long as it is truly able to make it the best strategy in investment.
And for market conditions like today, yes DCA is quite good and in line with the current character, which fluctuates in a measured manner.
The DCA method has been used for a long time and has really helped me who has limited capital, with gradual purchases according to our ability to buy. I have used it since the bearish season until today. It can be said that DCA is a smart strategy because we can make purchases consistently according to our ability to buy.
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DCA is the systematic buying system investor know the market behaviour and they accordingly buy the qty market always give us opportunity to buy Red and sale green so right now is the last chance to do DCA as per my view buy now sale 6 month letter.
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The use of the DCA system to significantly and consistently increase certain coins over a certain period of time has been done frequently and has become a trend in strategic investment for a long time, and this has been quite successful for people in the crypto world. However, consistency is one of the reasons and requirements, as well as the ability to control emotions and oneself, as long as it is truly able to make it the best strategy in investment.
And for market conditions like today, yes DCA is quite good and in line with the current character, which fluctuates in a measured manner.
The DCA method has been used for a long time and has really helped me who has limited capital, with gradual purchases according to our ability to buy. I have used it since the bearish season until today. It can be said that DCA is a smart strategy because we can make purchases consistently according to our ability to buy.
Currently, the DCA method is still a good method to increase our coin collection by buying gradually, because considering the bullish season will occur next year, I think this can still use the DCA method because the opportunity to make a profit still exists.
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I'm kinda confused if dcaing ATM is worth a good strategy at the moment in preparation for the next bull cycle which could arrive anytime soon & on the other hand DXY plunge could also hit us hard in my humble opinion
There is nothing to be confused about, At any given time regardless of how the price is moving DCA strategy is an ideal strategy especially for beginners who don’t have much idea on investing. This strategy reduces the impact of volatility and also reduces the risk involved but it is mostly more effective and profitable when investing for a long period of time so there is no need to worry when adopting this strategy, it is the most ideal and most used strategy nowadays.
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The use of the DCA system to significantly and consistently increase certain coins over a certain period of time has been done frequently and has become a trend in strategic investment for a long time, and this has been quite successful for people in the crypto world. However, consistency is one of the reasons and requirements, as well as the ability to control emotions and oneself, as long as it is truly able to make it the best strategy in investment.
And for market conditions like today, yes DCA is quite good and in line with the current character, which fluctuates in a measured manner.
The DCA method has been used for a long time and has really helped me who has limited capital, with gradual purchases according to our ability to buy. I have used it since the bearish season until today. It can be said that DCA is a smart strategy because we can make purchases consistently according to our ability to buy.
Currently, the DCA method is still a good method to increase our coin collection by buying gradually, because considering the bullish season will occur next year, I think this can still use the DCA method because the opportunity to make a profit still exists.
Regardless of the price an investor should do DCA regularly as this will keep you getting a huge stack of Bitcoins that will continue to grow over time. In fact, except for some small price corrections, most of the time the price of Bitcoin shows an upward trend, which means more profit potential for investors.
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The use of the DCA system to significantly and consistently increase certain coins over a certain period of time has been done frequently and has become a trend in strategic investment for a long time, and this has been quite successful for people in the crypto world. However, consistency is one of the reasons and requirements, as well as the ability to control emotions and oneself, as long as it is truly able to make it the best strategy in investment.
And for market conditions like today, yes DCA is quite good and in line with the current character, which fluctuates in a measured manner.
The DCA method has been used for a long time and has really helped me who has limited capital, with gradual purchases according to our ability to buy. I have used it since the bearish season until today. It can be said that DCA is a smart strategy because we can make purchases consistently according to our ability to buy.
Currently, the DCA method is still a good method to increase our coin collection by buying gradually, because considering the bullish season will occur next year, I think this can still use the DCA method because the opportunity to make a profit still exists.
DCA has always being a good strategy for investors to adopt for the purchase of their bitcoin from week to week or month to month. It helps you to build and grow your bitcoin overtime with discipline and consistency. If you can keep your DCA accumulation ongion for 4-10 years and above, you will be happy for taking such bold step in future. It is the similar to saving little funds from you salary when you get paid to achieve something big that you cannot buy at once.
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DCA has always being a good strategy for investors to adopt for the purchase of their bitcoin from week to week or month to month. It helps you to build and grow your bitcoin overtime with discipline and consistency. If you can keep your DCA accumulation ongion for 4-10 years and above, you will be happy for taking such bold step in future. It is the similar to saving little funds from you salary when you get paid to achieve something big that you cannot buy at once.
Yes, many people have used DCA in investing in Bitcoin and other cryptocurrencies. Yes, because DCA does provide several advantages and great benefits for holders.
Yes, at least, DCA can help us control our emotions, in the sense of measuring and suppressing the level of emotions that are volatile when investing. DCA also helps us promote investment discipline because it regularly applies purchases in investment. And also with DCA, we will not be too fixated on price volatility, whether it will go up or down afterwards, it will not have too much influence because we regularly make purchases, and we usually expect results for the long term.
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DCA has always being a good strategy for investors to adopt for the purchase of their bitcoin from week to week or month to month. It helps you to build and grow your bitcoin overtime with discipline and consistency. If you can keep your DCA accumulation ongion for 4-10 years and above, you will be happy for taking such bold step in future. It is the similar to saving little funds from you salary when you get paid to achieve something big that you cannot buy at once.
Yes, many people have used DCA in investing in Bitcoin and other cryptocurrencies. Yes, because DCA does provide several advantages and great benefits for holders.
Yes, at least, DCA can help us control our emotions, in the sense of measuring and suppressing the level of emotions that are volatile when investing. DCA also helps us promote investment discipline because it regularly applies purchases in investment. And also with DCA, we will not be too fixated on price volatility, whether it will go up or down afterwards, it will not have too much influence because we regularly make purchases, and we usually expect results for the long term.
I like your comment about DCA can control our emotions in investing, we can buy gradually and little by little we can increase the amount of our crypto assets, this is interesting. and I have also done it since last year and managed to get the amount of assets that I have targeted.
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DCA has always being a good strategy for investors to adopt for the purchase of their bitcoin from week to week or month to month. It helps you to build and grow your bitcoin overtime with discipline and consistency. If you can keep your DCA accumulation ongion for 4-10 years and above, you will be happy for taking such bold step in future. It is the similar to saving little funds from you salary when you get paid to achieve something big that you cannot buy at once.
Yes, many people have used DCA in investing in Bitcoin and other cryptocurrencies. Yes, because DCA does provide several advantages and great benefits for holders.
Yes, at least, DCA can help us control our emotions, in the sense of measuring and suppressing the level of emotions that are volatile when investing. DCA also helps us promote investment discipline because it regularly applies purchases in investment. And also with DCA, we will not be too fixated on price volatility, whether it will go up or down afterwards, it will not have too much influence because we regularly make purchases, and we usually expect results for the long term.
I like your comment about DCA can control our emotions in investing, we can buy gradually and little by little we can increase the amount of our crypto assets, this is interesting. and I have also done it since last year and managed to get the amount of assets that I have targeted.
That's one upside of DCA, regardless of the current price, we just continue to buy every week or every month depending on our capacity. And it has been proven to be one of the most effective ways to accumulate Bitcoin overtime.
And obviously, this strategy has been used by many of us here and we can vouch for how effective it is. Only thing is that we should be at least very consistent and have the mental toughness to go with this strategy as long as we can.
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That's one upside of DCA, regardless of the current price, we just continue to buy every week or every month depending on our capacity. And it has been proven to be one of the most effective ways to accumulate Bitcoin overtime.
And obviously, this strategy has been used by many of us here and we can vouch for how effective it is. Only thing is that we should be at least very consistent and have the mental toughness to go with this strategy as long as we can.
I agree with you who said DCA is an effective way to make gradual coin purchases because we also have limitations in buying a lot during the bearish season or at the base price in the bearish season. We can buy with the DCA method from setting aside income or participating in bounty campaigns and airdrops and for a trader, they can make purchases with the DCA method from their trading profits, I agree with this.
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The news of BTC eying 11% monthly gains as DXY threatens major plunge on Cointelegraph. From what I'm seeing, I think BTC is in for a good positive price trend but not sure if the bullish cycle is upon us although recent market news are suggesting better days ahead, seeing the likes of Titan of Crypto & Daan Crypto on X speaking volumes as to what will be the outcome of the market this Q4.
With the price at $65.7K, I'm kinda confused if dcaing ATM is worth a good strategy at the moment in preparation for the next bull cycle which could arrive anytime soon & on the other hand DXY plunge could also hit us hard in my humble opinion
You know, for me, DCA is not a smart strategy; rather, that method is proven and tested, and there is nothing more to prove. It seems that in learning, that is really necessary for us to learn. Because we can not only use that in trading here in the crypto space but also in other aspects of our lives.
We know that we can do not only dca in crypto but also in other things like dca in fiat, saving other things, so this means that we have been using DCA for a long time but we just don't notice it.
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The news of BTC eying 11% monthly gains as DXY threatens major plunge on Cointelegraph. From what I'm seeing, I think BTC is in for a good positive price trend but not sure if the bullish cycle is upon us although recent market news are suggesting better days ahead, seeing the likes of Titan of Crypto & Daan Crypto on X speaking volumes as to what will be the outcome of the market this Q4.
With the price at $65.7K, I'm kinda confused if dcaing ATM is worth a good strategy at the moment in preparation for the next bull cycle which could arrive anytime soon & on the other hand DXY plunge could also hit us hard in my humble opinion
I didn't understand what this sentence means: "as DXY threatens major plunge on Cointelegraph" Can you explain to me? What is DXY and how does Cointelegraph relate to it?
Also what is "ATM dcaing"?
DCAing or DCA is Dollar Cost Averaging but ATM is Automated Teller Machine, so what is the relationship between them???!
Your topic is completely unrelated.
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The news of BTC eying 11% monthly gains as DXY threatens major plunge on Cointelegraph. From what I'm seeing, I think BTC is in for a good positive price trend but not sure if the bullish cycle is upon us although recent market news are suggesting better days ahead, seeing the likes of Titan of Crypto & Daan Crypto on X speaking volumes as to what will be the outcome of the market this Q4.
With the price at $65.7K, I'm kinda confused if dcaing ATM is worth a good strategy at the moment in preparation for the next bull cycle which could arrive anytime soon & on the other hand DXY plunge could also hit us hard in my humble opinion
You know, for me, DCA is not a smart strategy; rather, that method is proven and tested, and there is nothing more to prove. It seems that in learning, that is really necessary for us to learn. Because we can not only use that in trading here in the crypto space but also in other aspects of our lives.
We know that we can do not only dca in crypto but also in other things like dca in fiat, saving other things, so this means that we have been using DCA for a long time but we just don't notice it.
It's a reliable method that was tested through and through and with it, you can invest your funds without a nerve spent, not like in trading or day-trading.
It's smart for some, and it's the best for others, but it's great for people with goals in mind that correlate to how it works.