Is it best to start DCA now as a new investor ?

[densus88]

The movement of bitcoin cannot be predicted accurately, we only predict that this year will be bullish again but the fact is that bitcoin is even experiencing a correction.

What if the price of bitcoin does not drop to $70K and instead rises above $100K you will regret not buying now right?
If the goal is for the long term then it is better to invest now without looking at the price - doing DCA is a good strategy for beginners.

I think for the current purchase the price of bitcoin is too high for long-term holding, I will probably wait until next year to buy bitcoin that I plan to hold for the long term because next year we will likely see a bearish season.
And in my opinion DCA purchases are more suitable to be done during the bearish season, I have stopped making DCA purchases when the price of bitcoin reached ATH because I am more focused on buying altcoins.

[Hamza2424]

D
C
A

according to the term, there's no specific timeline needed to be followed for a long term investment plan, if you are starting a DCA in the Bear zone for 5 to 10 years, it's gonna be 1.5 to 2.5 Bitcoin halving cycle during these cycles if you are consistent enough on every point of market weather it's high or low market price consistent accumulation will result something exponential over the planed period of time.

So it doesn't matter what kind of situation the current market is facing, be consistent and follow up the plan for DCA, there will be least risk factor on the ROI.

[enwi]

I think for the current purchase the price of bitcoin is too high for long-term holding, I will probably wait until next year to buy bitcoin that I plan to hold for the long term because next year we will likely see a bearish season.
And in my opinion DCA purchases are more suitable to be done during the bearish season, I have stopped making DCA purchases when the price of bitcoin reached ATH because I am more focused on buying altcoins.

It is logical to wait for the right moment to purchase the crypto assets as the long-term investment strategy. Thus, high business prices do indeed make accumulation of assets to be less efficient than when it is in a bear market. Another valid reason why it is advisable not to buy Bitcoin at current lower prices is that an optimal DCA strategy is to wait when prices are lower. Reading your comments about exiting Bitcoin at its ATH, I can notice that is was wise to do so because some of the altcoins can still have more potential to grow compared to major assets.

[Rruchi man]

As a new investor, do you think it’s best to start DCA or to wait for the bear market before investing ? What’s your opinion on this ?

Have you not waited enough? Waiting can be a dangerous game to play in investment because once you have proper knowledge about how to invest and how to keep your investment safe, it is considered that you are good to go, especially when you have the money to invest right away. There's no need to wait for the market to dip further when there is a strategy that you can effectively apply to start stacking bitcoins for yourself.

[SmartGold01]

With Bitcoin currently at $86k, it’s safe to say buyers are constantly buying the dip which has resulted in increased momentum in favor of the bulls. I’m excited Bitcoin is picking up again, it stayed below $80k for too long. Even though i knew it was due to market correction, i just kept wondering if it will drop further below $70k in the coming bear market. As a new investor, do you think it’s best to start DCA or to wait for the bear market before investing ? What’s your opinion on this ?

Everyone knows the right approach to follow the market or they have their strategies that could lead them to a successful gambling, But one thing for sure is that when they aren't favorable with the market condition they may decides to apply the DCA approach to accumulate enough bitcoin or any assets they had in mind of having while the market take of their feet back.

[tequilla_sunset]

As a new investor, do you think it’s best to start DCA or to wait for the bear market before investing ? What’s your opinion on this ?

Have you not waited enough? Waiting can be a dangerous game to play in investment because once you have proper knowledge about how to invest and how to keep your investment safe, it is considered that you are good to go, especially when you have the money to invest right away. There's no need to wait for the market to dip further when there is a strategy that you can effectively apply to start stacking bitcoins for yourself.

Some to choose go only for the dips, others - lump sum at any price.

The result would be great in both cases, of the BTC in question would be hodled appropriately.

[Mr. Magkaisa]

        -      Even though Dca has always been a good tool, it is not only used in crypto trading, even in Forex, stocks, and even in savings, it can be used by anyone.
It's just different because what we do with Dca is digital currency. Even gold is done with Dca by other gold investors.

And since trading is the main source of income here in the crypto industry, those who have deep and broad thoughts on trading are definitely not lost in their thoughts of doing or using this Dca really for them as traders.

[BlockCipherX]

With Bitcoin currently at $86k, it’s safe to say buyers are constantly buying the dip which has resulted in increased momentum in favor of the bulls. I’m excited Bitcoin is picking up again, it stayed below $80k for too long. Even though i knew it was due to market correction, i just kept wondering if it will drop further below $70k in the coming bear market. As a new investor, do you think it’s best to start DCA or to wait for the bear market before investing ? What’s your opinion on this ?

I've been diving into bitcoin investing lately and I gotta say, DCA has been a game changer for me since i'm still figuring things out. it's such a relief not to stress about the market's crazy ups and downs, I used to drive myself nuts trying to time it just right. I thought waiting for a big dip in a bear market would be my best bet but i've seen how prices don't always crash like you expect and with bitcoin doing so well lately, I didn't want to miss out. So now, I just put a little money in every month and it feels so much bette knowing i'm building my stash over time. I'm really excited about where bitcoin's headed in the long run and this way, i can keep going without feeling like I'm taking a huge risk all at once.

[Bobcrypto]

As a new investor, do you think it’s best to start DCA or to wait for the bear market before investing ? What’s your opinion on this ?

If bitcoin is going to fall again, I do not think it is going to fall to $70000. Also you said DCA. Yes, there is nothing bad to DCA right now. Bitcoin price will still increase before bear market will start. Not now for bear market. But investment right now should be a short term.

Nothing is impossible on the crypto space, I also think this way, even i wrote a topic on it but you never can tell, there are Whales, panic sellers speculators out there to do their negative things.
Now, if you are s trader, and following the market trends, you may agree with me that there was a little Market shake out from $103k to $85k, then another dump from $98k to $78k. This was actually withness some weeks ago, and i think some whales were responsible for the shake out just to buy back at Low prices knowing fully well that the panic sellers are always there to cause more price dumps. I think $70k can't be ruled in my opinion.

[Fivestar4everMVP]

With Bitcoin currently at $86k, it’s safe to say buyers are constantly buying the dip which has resulted in increased momentum in favor of the bulls. I’m excited Bitcoin is picking up again, it stayed below $80k for too long. Even though i knew it was due to market correction, i just kept wondering if it will drop further below $70k in the coming bear market. As a new investor, do you think it’s best to start DCA or to wait for the bear market before investing ? What’s your opinion on this ?

When exactly do we or are we expecting the bear market to come?, this is an important question we should first ask ourself.
I personally have this feeling that the Bitcoin market have changed from what it used to be or how it used to behave in the past, things have become alot of more unpredictable and the sooner we begin to realize this, the better investment decisions we make.

I would say that who ever is willing to invest in bitcoin should start their DCA plan now, there is no need waiting because one can't really tell what the future holds, what if in the near future, there is no bear season as we all anticipate or look forward to? What if the price of Bitcoin is either stable or going up most of the time.?

[Faisal2202]

With Bitcoin currently at $86k, it’s safe to say buyers are constantly buying the dip which has resulted in increased momentum in favor of the bulls. I’m excited Bitcoin is picking up again, it stayed below $80k for too long. Even though i knew it was due to market correction, i just kept wondering if it will drop further below $70k in the coming bear market. As a new investor, do you think it’s best to start DCA or to wait for the bear market before investing ? What’s your opinion on this ?

Well there is still a chance for second peak, so if you want to take risk and want to make more profit, then you can take the chance now and invest in, but doing DCA at the moment for the short term profit is not suggested. But if you want to hold funds for another cycle or till the next cycle then it can be profitable, but it also depends on how many intervals you would be buying it.

Point is, if we are consistent in DCA from the current price for long term, we are profitable, for short term we can still be but risk is higher. If we wan to do lump sum at the moment for short term that can be more profitable then doing DCA for short term.

[|MINER|]

With Bitcoin currently at $86k, it’s safe to say buyers are constantly buying the dip which has resulted in increased momentum in favor of the bulls. I’m excited Bitcoin is picking up again, it stayed below $80k for too long. Even though i knew it was due to market correction, i just kept wondering if it will drop further below $70k in the coming bear market. As a new investor, do you think it’s best to start DCA or to wait for the bear market before investing ? What’s your opinion on this ?

In this case, I would tell a new investor to first compare DCA investment for long-term and short-term trading.
In the case of DCA investment, the risk is lower thats means here the analysis will also not be much like the analysis we need to do on the short term trading. And it is natural for a new trader to know less about analysis, and the easiest way for him is to buy a coin that will guarantee profit gaining in the long term. And here I will say that there is no other strategy could be best for him rather than the DCA scheme on bitcoin for the long-term.

[densus88]

With Bitcoin currently at $86k, it’s safe to say buyers are constantly buying the dip which has resulted in increased momentum in favor of the bulls. I’m excited Bitcoin is picking up again, it stayed below $80k for too long. Even though i knew it was due to market correction, i just kept wondering if it will drop further below $70k in the coming bear market. As a new investor, do you think it’s best to start DCA or to wait for the bear market before investing ? What’s your opinion on this ?

In this case, I would tell a new investor to first compare DCA investment for long-term and short-term trading.
In the case of DCA investment, the risk is lower thats means here the analysis will also not be much like the analysis we need to do on the short term trading. And it is natural for a new trader to know less about analysis, and the easiest way for him is to buy a coin that will guarantee profit gaining in the long term. And here I will say that there is no other strategy could be best for him rather than the DCA scheme on bitcoin for the long-term.

DCA is indeed a good strategy because it can buy coins that we like gradually. For newbies who lack knowledge, they can use the DCA method in investing while seeking knowledge in making analysis and developing strategies that they will use in investing. because learning to make analysis and strategy takes a long time.

[Hamza2424]

        -      Even though Dca has always been a good tool, it is not only used in crypto trading, even in Forex, stocks, and even in savings, it can be used by anyone.

Hmm, Good point, brother.

There are some people who limit the terminology of DCA to Bitcoin only, maybe due to a lack of information, of maybe due to some other reason; the point is DCA is an investment strategy which can be used in any kind of investment in any kind of market. I used to call it a risk management strategy rather than an investment strategy.

[debra]

DCA is indeed a good strategy because it can buy coins that we like gradually. For newbies who lack knowledge, they can use the DCA method in investing while seeking knowledge in making analysis and developing strategies that they will use in investing. because learning to make analysis and strategy takes a long time.

And the DCA strategy is very suitable for those of us who have small capital to earn and spend in crypto investment. With this, at least we can make purchases periodically, regularly, even though the amount is not large. so, if it continues to run regularly, the results will also be incredible later and of course very worth it if we have reached the target we want.

yes, but it will not be as easy as turning over your hand. because for people who still have minimal knowledge about in and investment strategies in crypto, they sometimes get carried away easily so that they are still easily carried away by FOMO or panic. and here, they are sometimes desperate enough to continue DCA again. Therefore, in research, knowledge is really needed that can at least help us understand the current market conditions like this so that we can continue with DCA.