Reddit Posts
I have decided to match my child's allowance 100% in the form of DCA into her own personal wallet.
To everyone who told me to dump all my money in and not DCA before ETF Approval!!
“For $1 a day you can save a child’s life”. Well….I can also DCA into bitcoin for an early retirement.
What does 'Have a Plan' look like?
What is your current DCA frequency? Am I doing it right?
Low-Custodial hybrid hot / cold DCA method guide for HWWs
Should I be DCA’ing every week or wait until it stops dropping to buy more?
Im using a DCA bot, any recommendations for the settings?
Time the market and you'll get left behind. DCA is the way..
ETF Came and went. Bitcoin price crashed. BTC is dead
Does anyone else find it odd the whales are the ones making up the selling?
Questions regarding best method to buy BTC for my younger brother
What portion of your 401k did you or would you allocate for purchasing ETFs?
People exiting completely from crypto right now and dumping their entire bags before the halving, what's the rationale?
For people who DCA and hodl, how many sats do you allow to accumulate in a CEX before you transfer them to your non-custodial/hardware wallet?
Keep stacking guys, don’t panic, don’t get emotional, trust the process, be disciplined and DCA.
What Ultimately Drives Big Bull Runs?
Low-fee options for small dollar DCA?
I'm a little confused. If these are 'SPOT' ETFs, how come the price isn't @ 45k?
Big Surprise the ETF didn’t impact price much day one…
Taxes! Suggested methods for tracking profit? Do I need to report income from 3202 sat test sale?
One thing to keep in mind while everything is going on. In reality, nobody knows shit about fuck. DCA is your friend.
Good thing to keep in mind while everything is going on. In reality, nobody knows shit about fuck. DCA is your friend.
Should I move some of my positions in my Roth IRA to the new spot-BTC ETF?
Am I the only one who doesn‘t think the ETFs will necessarily be a good thing for BTC or Crypto in general?
Called the ETF news top, got downvoted into oblivion.
Remember that you were completely ignorant once, so expect repetitive questions from the influx of newcomers
Isn’t this whole SEC fiasco kind of proving how Bitcoin can not be a security?
Two Critical Questions (Post SEC-account-hack): Who? & What's Next?
Making this post to say, I’m so happy I continued to DCA daily.
BITCOIN is an IQ Test that 95% + of the world has failed
I bought BTC at 65k in late 2021.Im so proud to stick with my DCA for past 2 years. To all of you who have been DCA for past 2 years, you're true winners🥳
How can I transfer my Sats/Bitcoin from PayPal to another hot wallet - and will my rate change?
Mentions
I actually hope you're right, because I would dearly love to continue my weekly DCA at ridiculous lows rather than meandering consolidation levels with occasional low spot buys. Thank you for the detailed response. I don't see MSTR forced to sell, as they have both ongoing income to service their debts and a very low necessary payment schedule to keep their loans intact. A lot of people see a downturn in 2026, but there are considerable forces against, on the corporate, state, and nation-state level too. I don't believe they will likely be imperiled, but to each their own. If it comes, I'm okay and even grateful, having bought from a bit higher than now to much, much lower over a few years time frame, and I'm a long-term hodler who never trades and just hopes to buy more at a great price ASAP(I'm old and don't have or make a lot of money) and then wait it out before it's too late to make a killing within my lifespan. I can weather the volatility and would even love it, as that's where even a creaky old hodler like myself best hopes to make his money. You only have so many chances in life, and for me, bitcoin is my Hail Mary play. I'm not meme-coin crazy, but I've studied bitcoin since the beginning of 2021 and don't think bitcoin is crazy at all.
Me too. DCA for more than 80% ROI since July.
For a couple years is not likely. For a few days or a few weeks or months is way more likely. Save up for such occasions, IMO. But don't stop a modest DCA in case that day never comes. And never try to chase the bottom. If you have that idea, everyone else does too, and they'll all be buying ahead of you and driving the price up so you never reach your ideal buy price, if they possibly can. That's the game. Don't try to be Mr. Smart Guy Genius, IMO. You'll just lose out trying to be cleverer-than-thou. There are so many tidal forces in the markets. If you can come even close to the lows, think about buying, because you'll never nail it exactly, and not for long.
Oh hell yeah. I was there when people like Gareth Solloway were saying 9 to 12k and thought, okay, if lots of people are keying into that level, I'll .never get there before they bid up the price, so just shoot for around 15k. Bought in at 15.5k and couldn't be more thrilled. Those days will never come again Just DCA and go for the nice local lows when you can spot them, if you have time, IMO.
Same here. I DCA and just shrug until a notable drop comes. For me that's 10k from local highs, then I just add in my modest DCA amount every now and again. Keeps things fairly even, ups my risk a little bit but not a lot. I'm happy with low and slow. By which I mean, BTC is still faster than almost anything even at low and slow.
Exactly. I bought in at everywhere from 102k to 15k, DCA every week and spot buy when I see a dip that's at all noticeable Buy and hold longer term and you won't care what the price is this month or this week or this season or even this year. Bitcoin is not a meme coin or even an altcoin. It's a 4-year coin, minimum. Nobody has ever lost on that timeline.
Hold it and stake it. Then buy more on the dips. Today's price in the 160s is a great deal. The game is to DCA which stands for diversified cost averaging. By the dips and your average cost per Solana slowly lowers and then when it goes up in value you make huge profits over time
Don't worry. It will go up tomorrow. My weekly DCA is on Wednesdays.
Yes, the only one. We all have been where you're at, read/bookmark this guide and make sure to learn along your journey. Congrats on the move, it's never too late. ONLY INVEST MONEY YOU CAN AFFORD TO LOSE. Invest in your knowledge, learn about Bitcoin as much as you can. The Bitcoin Standard book is a must read. So is Broken Money book. Get them and READ them both, please. Also, **don't reply any DMs**, emails, private messages on other social media, promising to buy Bitcoin from them or get rich quick and read this short guide, please: **Price wise, nobody knows what the price will be tomorrow, next week or at the end of the year.** **Try "Bitcoin ONLY" strategy for at least the first 210,000 block cycle**, you'll sleep much better. Newcomers lose so much money, holding garbage tokens just because someone on YT told them to. If you don't like losing money in [failed coins](https://www.coingecko.com/research/publications/how-many-cryptocurrencies-failed), avoid. Going DCA is probably the best approach, IMHO. Bitcoin to me, is a savings account. If I have some spare cash, I exchange it for sats. Once a week works best for me, but I'm getting paid weekly. If there's a 10% drop in the price since my last buy, I usually double my buy. This [DCA calculator](https://dca.bitnob.com/) might help to decide what will work best for you. In a few years, even $10 dollars a month can make a massive difference. This [DCA blog](https://er-bybitcoin.com/) is pretty interesting. Now, don't buy a fake Bitcoin at a spot ETF place or similar, **get the real thing** that you can withdraw anytime you want. Register at a proper exchange and buy real Bitcoin. Any of these will do [https://bitcoin-only.com/get-bitcoin](https://bitcoin-only.com/get-bitcoin) Install (or buy - in case you're getting Bitcoin in Thousands of $) one or more of these wallets. A few good wallet choices: [https://blockstream.com/green/](https://blockstream.com/green/) \- Top Security Features, Open Source and Non-Custodial [https://bluewallet.io](https://bluewallet.io/) \- excellent, easy to use wallet, Open Source and Non-Custodial [https://www.sparrowwallet.com](https://www.sparrowwallet.com) - top desktop wallet [https://electrum.org](https://electrum.org/) \- Solid choice, Open Source and Non-Custodial, one of the oldest and most trusted Bitcoin Wallets. I prefer the desktop version but it works on mobile too. Lightning wallets to consider (cheaper and faster transactions, great for small amounts): [https://phoenix.acinq.co/](https://phoenix.acinq.co/) \- Phoenix - very good wallet, uses Tor for extra privacy, easy for anyone new [https://blixtwallet.github.io/](https://blixtwallet.github.io/) \- Blixt - great UI, fast and clean [https://breez.technology](https://breez.technology/) \- Breez - excellent POS for small business owners as well as integrated Bitrefill or LN Pizza [https://zeusln.com/](https://zeusln.com/) Zeus - impressive wallet with many features, can even generate Nostr keys Hardware Wallets (to store larger amounts): [Trezor](https://trezor.io/) \- Easy to use, no matter how new in Bitcoin you're. Use the Bitcoin only firmware as it's safer than a multi coin software. [ColdCard](https://coldcardwallet.com/) - air gapped, Bitcoin only, has advanced features but a new user will do fine with one of the great tutorials available. [BitBox02](https://bitbox.swiss/bitbox02/bitcoin-only/) - another great little device, opt for the more secure Bitcoin ONLY version (less coins = less code = less chance for a hidden bug or a backdoor) [Jade](https://blockstream.com/jade) - air gapped, fully open source, Bitcoin only, great features. You can even [build it on your own](https://github.com/Blockstream/jade/), if you feel adventurous. [Seedsigner](https://github.com/SeedSigner/seedsigner) - another DIY, fully open source, air gapped, Bitcoin only hardware wallet, not for you if you're just starting up but something to consider later. [Krux wallet](https://selfcustody.github.io/krux/) - one more DIY hardware device, I love this one for many reasons. Similar to Seedsigner, it's fully open source, air gapped, Bitcoin only hardware wallet, that is not for you right now if you're just starting up, but something to consider at a later stage and/or to up the security of your bitcoin. There's also Ledger, but I wouldn't recommend it as it's not fully open source, keep and already leaked customers' details, recently said they're capable of sending customers' keys out just with a firmware update, etc. **Stay away**, save yourself a headache in the future. Whatever wallet you'll decide to buy, purchase DIRECTLY from the manufacturer, no eBay, no Amazon. Make sure the device is NOT preset, and you will generate your own seed words. Write them down on any piece of paper as well as the receiving address. Now wipe the wallet and generate a new wallet. If the seed words are different from the first set, you're safe to use it. Find an option to set a passphrase and use it. This will boost the security to another level. Never store the seed words and passphrase together. Use a different medium if possible. If somebody finds both, they'll be able to steal your coin. This little device will hold the keys to your money, that's the reason why you have to be a bit more careful. Also, no worries, if it breaks, you can replace it - as long as you keep your seed words and passphrase(s) safe. Welcome to the rabbit hole and don't hesitate to ask if you have any questions anytime during your Bitcoin journey. Also, [check the sidebar](https://www.reddit.com/r/Bitcoin/about) that's filled with lots of great info and if you have any questions, visit r/BitcoinBeginners or r/Bitcoin and look for the answers.
It is pretty funny to see comments/posts from folks like OP. Shot ain’t going nowhere and it’s called consolidation. OP learn to take profits and/or DCA… or crypto isn’t for you.
You should have DCA over time- hopefully you did your research on these coins- BTC is 100% something you set and forget. Can’t speak on the other projects. HODL
DCA next time. For now, just hold
IMHO I think FUD has certainly impacted both the stock market and even more so on the crypto market due to Trump always being a wildcard. That creates uncertainty which impacts BTC which has a bigger impact on ALT coins. The other thing is what is a bull market in crypto. Not sure one definition exists like it does in stocks. However depending on the crypto most people HODL. So leave your crypto where it is at. If you don’t feel comfortable don’t add anymore in. Not financial advice just don’t bite off more than you can chew. Or try DCA.
Cryptos rodeo is crazy so basically if you could pull your initial investment out at a higher price that gives you something to buy lows again... I'm with you DCA over last 18 months didn't help moved my average up on many and put me upside down a few... well back to the 7a.m to 7pm job for the time being to get ready to buy more lol
Man it's going down and better brace yourself, save up and buy when it goes to ... Or you probably bought like I DCA-d on 101k lol mistakes were made
Yeah I did the same in 2016 - had been trading stocks for a long time, but the absolute chaos of the space was a lot to handle at first. I spent a lot of time strategizing and studying and following projects I believed in, and eventually realized the very first entry I made would’ve still been my most profitable if I just didn’t touch it. As long as it’s money you don’t need anytime soon, the patient approach is the safest approach. Ignore the drops, take some profits on each gain over 100%, DCA if you want. And sometimes just step away and don’t pay attention.
How can you have been DCA'ing since 3k yet you think gold is a better investment? This makes no sense.
Something is the gambler part of your brain. The idea that you could get lucky mining and unlock hundreds of thousands of dollars. I run a bitcoin node on a raspberry pi. That’s how I contribute, that and I DCA and hold.
You learned a lesson and many in crypto learned just like you did through losing money ‘betting’ on coins. Over time, you’d realize that BTC is the king and just stop dabbling. Everyone goes through this, it’s why you’d see people in these sub saying DCA BTC.
Im DCA'ing since it's 3k don't worry about me. I am just tired of these low effort posts that everybody already know. It's just upvotes farming, it's obvious.
lol imagine someone who in 2016 invested $50k to get 100BTC… and now they would get 0.5 BTC I can imagine that completely kills interest in “DCA”-ing more
> Should I accept the losses at this point and recovery everything back to BTC and then just hold? Yes. Do exactly this. Then DCA into more BTC. Rinse and repeat. They call them shitcoins for a reason.
I wouldn't be shocked either, and I'm sorta banking on that to happen since it means I'll be able to grab a fuckload before it skyrockets again. Until then, I shall DCA and hodl
Value ebbs and flows, just the way it is. No you haven't missed anything. DCA + buy the dips, and forget about it.
long run this is a really good chances to buy the dip on Solana. Of course I am not saying it couldn’t go lower but always DCA
DCA always, ‘now’ is always a great time to start
4000 Sats is $5.30CAD, that’s a good DCA. It all ads up! Well done
Another day, another Michael Saylor DCA day
Pull out 50k more and DCA so you can at least recover your losses over time.
The economy is heading to a devastating place with all the layoffs and cuts to programs. The best place to be is in BTC and utility coins. We went through crypto winter for 3 years and survived then hit new ATH. This too shall pass. Hunker down, DCA and HODL.
I'm going all in on MELANIA 2028. Plenty of time to DCA, not much time for it to be still cheap.
At 24... Keep right on DCA'ing into Bitcoin. Set it on autopilot and then go focus on learning or exercising the skills that will help build you a life. Starting a business, finding meaningful (high paying) work etc. While I certainly can't predict the future, if 5x is your goal then I recommend buying your self some nice shades... your future is going to be bright. Cheers
Strike is great! 0 fees on DCA's after a week
Take your time to DCA and buy the dip, I will suggest you buy some MOVE too, its trending now.
That's me now as well. Aggressively DCA down at least until July and then shift focus to ETF's/Gold.
I think of this meme when someone asks me when to stop DCA. Stay fucking hungry .
In my opinion, DCA’ing btc is the way to go.
think about it: you bought the top now you re panicking and thinking about selling at the bottom take my advice and give up on this whole trading thing, stick DCA into s&p500
It depends on the country you're living in. We all have been where you're at, read/bookmark this guide and make sure to learn along your journey. Congrats on the move, it's never too late. ONLY INVEST MONEY YOU CAN AFFORD TO LOSE. Invest in your knowledge, learn about Bitcoin as much as you can. The Bitcoin Standard book is a must read. So is Broken Money book. Get them and READ them both, please. Also, **don't reply any DMs**, emails, private messages on other social media, promising to buy Bitcoin from them or get rich quick and read this short guide, please: **Price wise, nobody knows what the price will be tomorrow, next week or at the end of the year.** **Try "Bitcoin ONLY" strategy for at least the first 210,000 block cycle**, you'll sleep much better. Newcomers lose so much money, holding garbage tokens just because someone on YT told them to. If you don't like losing money in [failed coins](https://www.coingecko.com/research/publications/how-many-cryptocurrencies-failed), avoid. Going DCA is probably the best approach, IMHO. Bitcoin to me, is a savings account. If I have some spare cash, I exchange it for sats. Once a week works best for me, but I'm getting paid weekly. If there's a 10% drop in the price since my last buy, I usually double my buy. This [DCA calculator](https://dca.bitnob.com/) might help to decide what will work best for you. In a few years, even $10 dollars a month can make a massive difference. This [DCA blog](https://er-bybitcoin.com/) is pretty interesting. Now, don't buy a fake Bitcoin at a spot ETF place or similar, **get the real thing** that you can withdraw anytime you want. Register at a proper exchange and buy real Bitcoin. Any of these will do [https://bitcoin-only.com/get-bitcoin](https://bitcoin-only.com/get-bitcoin) Install (or buy - in case you're getting Bitcoin in Thousands of $) one or more of these wallets. A few good wallet choices: [https://blockstream.com/green/](https://blockstream.com/green/) \- Top Security Features, Open Source and Non-Custodial [https://bluewallet.io](https://bluewallet.io/) \- excellent, easy to use wallet, Open Source and Non-Custodial [https://www.sparrowwallet.com](https://www.sparrowwallet.com) - top desktop wallet [https://electrum.org](https://electrum.org/) \- Solid choice, Open Source and Non-Custodial, one of the oldest and most trusted Bitcoin Wallets. I prefer the desktop version but it works on mobile too. Lightning wallets to consider (cheaper and faster transactions, great for small amounts): [https://phoenix.acinq.co/](https://phoenix.acinq.co/) \- Phoenix - very good wallet, uses Tor for extra privacy, easy for anyone new [https://blixtwallet.github.io/](https://blixtwallet.github.io/) \- Blixt - great UI, fast and clean [https://breez.technology](https://breez.technology/) \- Breez - excellent POS for small business owners as well as integrated Bitrefill or LN Pizza [https://zeusln.com/](https://zeusln.com/) Zeus - impressive wallet with many features, can even generate Nostr keys Hardware Wallets (to store larger amounts): [Trezor](https://trezor.io/) \- Easy to use, no matter how new in Bitcoin you're. Use the Bitcoin only firmware as it's safer than a multi coin software. [ColdCard](https://coldcardwallet.com/) - air gapped, Bitcoin only, has advanced features but a new user will do fine with one of the great tutorials available. [BitBox02](https://bitbox.swiss/bitbox02/bitcoin-only/) - another great little device, opt for the more secure Bitcoin ONLY version (less coins = less code = less chance for a hidden bug or a backdoor) [Jade](https://blockstream.com/jade) - air gapped, fully open source, Bitcoin only, great features. You can even [build it on your own](https://github.com/Blockstream/jade/), if you feel adventurous. [Seedsigner](https://github.com/SeedSigner/seedsigner) - another DIY, fully open source, air gapped, Bitcoin only hardware wallet, not for you if you're just starting up but something to consider later. [Krux wallet](https://selfcustody.github.io/krux/) - one more DIY hardware device, I love this one for many reasons. Similar to Seedsigner, it's fully open source, air gapped, Bitcoin only hardware wallet, that is not for you right now if you're just starting up, but something to consider at a later stage and/or to up the security of your bitcoin. There's also Ledger, but I wouldn't recommend it as it's not fully open source, keep and already leaked customers' details, recently said they're capable of sending customers' keys out just with a firmware update, etc. **Stay away**, save yourself a headache in the future. Whatever wallet you'll decide to buy, purchase DIRECTLY from the manufacturer, no eBay, no Amazon. Make sure the device is NOT preset, and you will generate your own seed words. Write them down on any piece of paper as well as the receiving address. Now wipe the wallet and generate a new wallet. If the seed words are different from the first set, you're safe to use it. Find an option to set a passphrase and use it. This will boost the security to another level. Never store the seed words and passphrase together. Use a different medium if possible. If somebody finds both, they'll be able to steal your coin. This little device will hold the keys to your money, that's the reason why you have to be a bit more careful. Also, no worries, if it breaks, you can replace it - as long as you keep your seed words and passphrase(s) safe. Welcome to the rabbit hole and don't hesitate to ask if you have any questions anytime during your Bitcoin journey. Also, [check the sidebar](https://www.reddit.com/r/Bitcoin/about) that's filled with lots of great info and if you have any questions, visit r/BitcoinBeginners or r/Bitcoin and look for the answers.
You need to HODL otherwise you fall into FOMO and buy high sell low.... you know OP when you sell it will rocket 🚀. If i learned anything it's invest and DCA because there is always a Rollercoaster 🎢 so don't dump in at once unless you got lots and lots of bags 💰 Keep doing your daily work and then wait for a rebound! Diversify too in the coming months!!
I like it. I mean it has trend in community, it has EMA, SMA indicators BUY, RSI 61.4 (upside potential), MFI showing buying pressure, price is above BB and some strong volume increase (https://coinseekly.com/app/screener?symbol=HBAR&period=7d). I keep doing DCA with HBAR.
My 40% on BTC and 40% on ETH and 20% on small coins from long days ago... and even keep doing DCA but if.. (i hope) ETH break all this ups and downs and reach new ATH I think I will sold my positions (but nothing good looking at analyse https://coinseekly.com/app/screener?symbol=ETH). Nothing against but I will change 80% BTC and 20% just for lucky coins :D BTC is like gold, trending, more and more countries and big companies joining so I prefer long term and less headache.. ETH for me is like? One of the project. Its like Nokia at old times? Lot of coins, who knows whats gonna happen with all smaller coins.
Get a bag of SOL, SUI, EOS, NEAR and XRP, but rather than just buying and forgetting, DCA and take profits at necessary moments.
$100 Weekly DCA February 2018 to February 2025: XRP: 641% Gain BTC: 646$ Gain
I’m buying the dip. I’m going to DCA all the way down.
DCA is great. But if you have the capital, positive drift is real, and you should just put in the capital or you'll average up as you buy more. If you're working, you should put however much you have to put in, then DCA from your paychecks.
What's your age retirement a typical one like 62, 67 or younger? Do you have an emergency savings of any kind? 3-6 months of monthly bills? Understood on the lack of contributing due to no matching. You still do get the tax advantage using pretax dollars and reducing your tax burden by reducing your taxable income each year so you might want to run the numbers. It may still not make much sense though, as long as you didn't overlook that. Start a Roth. It's only $7k a year and it's not employer dependent. As long as you're earning an income you can start up. Everything in it, the capital gains on those are tax free if held to 59 1/2 yrs old. Bitcoin ETF's are available in Roth IRA's. Same return, No taxes. You can dollar cost average into it throughout the year or you could sell some of your existing stock for profits or for Capital losses and tax harvest them on next year's tax return and then you could just go ahead and fully fund the Roth after sale at $7K this next month or so. DCA usually wins but not always if you want to risk it. If you don't have an emergency savings and don't want to have to dip into Bitcoin for an emergency, then I would establish an emergency savings in an hysa or a Roth can technically be used emergency savings by withdrawing solely the contributions (not any gains) at any time tax-free and penalty free. If you do have one then already then I wouldn't get rid of your stock portfolio entirely. Reason being is for your age, you're ahead. With average market returns of 7 to 10% at 62 you're there easy what the healthy retirement. Now you may want to retire earlier, but do you want to bet against having that guarantee that you'll be okay from 62 on? At the same time, You don't want to miss out on opportunity and you want to preserve Capital against what may be coming, which none of us are 100 certain of. So I would say, given where we are traditionally in Bitcoin cycles and knowing lump sum could be better within the next year than DCA at least in the short term if you want to take that risk I would sell 25% minimum of stocks. Fund a Roth with the first $7k or set it aside to do so DCA style. Take the rest and buy BTC. At maximum no more than 50% , because again, you're ahead and you don't want to take that away from yourself. Middle ground being 38% which is what I'd probably do here. $7k Roth to diversify your existing stockholdings. Buy 50/50 BTC ETF's and stocks within it. Then the remaining mostly put it lump sum into BTC If you want to bet on the cycle being bullish currently and then maybe a small portion set aside to DCA into BTC over 3,6,or over a 9 month timeframe
I’m just DCA into btc every week, around £1k I’m holding for at least 5-6 years & my projections are that btc would easily avg 70-100% a year. Looking to retire at 30, but yes I’m 100% into btc every week
Is a 10x life changing money? That would put us at 1M. Is 100X life changing that would put as at 10M... Your age and timeframe will help determine this... and if you are young you need to focus on securing a high income. At least high enough that you always have extra each month to DCA with.
is there ever a time when DCA doesnt make sense?
I guess it depends on needs. I was buying since pandemic and although I didn’t see a 10x like the early OGs, I’d like to say I have a pretty life changing balance in that wallet. Also makes you look at money differently so there’s that. Start off trying to learn as much as you can while you DCA small amounts. You’ll up the percentage the more you learn.
Well I'm planning to sell half of my stack or a bit more during this bull run. I already sold some, now I'm waiting what the market is going to do. If price drops, I won't sell, if price rises I will sell more. Like some reverse DCA method. I have found a good purpose for it, and will keep around half of my stack, maybe a bit less. Each and every one of us has our own personal 'moon'.
I’ve been DCA for a while, I just had some extra fiat that I felt like buying some BTC with beyond what I have set up to buy daily.
>What would cause it to go to the floor All the governments in the world stopping the printer for good and being honest and friendly. >and what would cause it to go through the roof? The governments storing bitcoin as a reserve. We all have been where you're at, read/bookmark this guide and make sure to learn along your journey. Congrats on the move, it's never too late. ONLY INVEST MONEY YOU CAN AFFORD TO LOSE. Invest in your knowledge, learn about Bitcoin as much as you can. The Bitcoin Standard book is a must read. So is Broken Money book. Get them and READ them both, please. Also, **don't reply any DMs**, emails, private messages on other social media, promising to buy Bitcoin from them or get rich quick and read this short guide, please: **Price wise, nobody knows what the price will be tomorrow, next week or at the end of the year.** **Try "Bitcoin ONLY" strategy for at least the first 210,000 block cycle**, you'll sleep much better. Newcomers lose so much money, holding garbage tokens just because someone on YT told them to. If you don't like losing money in [failed coins](https://www.coingecko.com/research/publications/how-many-cryptocurrencies-failed), avoid. Going DCA is probably the best approach, IMHO. Bitcoin to me, is a savings account. If I have some spare cash, I exchange it for sats. Once a week works best for me, but I'm getting paid weekly. If there's a 10% drop in the price since my last buy, I usually double my buy. This [DCA calculator](https://dca.bitnob.com/) might help to decide what will work best for you. In a few years, even $10 dollars a month can make a massive difference. This [DCA blog](https://er-bybitcoin.com/) is pretty interesting. Now, don't buy a fake Bitcoin at a spot ETF place or similar, **get the real thing** that you can withdraw anytime you want. Register at a proper exchange and buy real Bitcoin. Any of these will do [https://bitcoin-only.com/get-bitcoin](https://bitcoin-only.com/get-bitcoin) Install (or buy - in case you're getting Bitcoin in Thousands of $) one or more of these wallets. A few good wallet choices: [https://blockstream.com/green/](https://blockstream.com/green/) \- Top Security Features, Open Source and Non-Custodial [https://bluewallet.io](https://bluewallet.io/) \- excellent, easy to use wallet, Open Source and Non-Custodial [https://www.sparrowwallet.com](https://www.sparrowwallet.com) - top desktop wallet [https://electrum.org](https://electrum.org/) \- Solid choice, Open Source and Non-Custodial, one of the oldest and most trusted Bitcoin Wallets. I prefer the desktop version but it works on mobile too. Lightning wallets to consider (cheaper and faster transactions, great for small amounts): [https://phoenix.acinq.co/](https://phoenix.acinq.co/) \- Phoenix - very good wallet, uses Tor for extra privacy, easy for anyone new [https://blixtwallet.github.io/](https://blixtwallet.github.io/) \- Blixt - great UI, fast and clean [https://breez.technology](https://breez.technology/) \- Breez - excellent POS for small business owners as well as integrated Bitrefill or LN Pizza [https://zeusln.com/](https://zeusln.com/) Zeus - impressive wallet with many features, can even generate Nostr keys Hardware Wallets (to store larger amounts): [Trezor](https://trezor.io/) \- Easy to use, no matter how new in Bitcoin you're. Use the Bitcoin only firmware as it's safer than a multi coin software. [ColdCard](https://coldcardwallet.com/) - air gapped, Bitcoin only, has advanced features but a new user will do fine with one of the great tutorials available. [BitBox02](https://bitbox.swiss/bitbox02/bitcoin-only/) - another great little device, opt for the more secure Bitcoin ONLY version (less coins = less code = less chance for a hidden bug or a backdoor) [Jade](https://blockstream.com/jade) - air gapped, fully open source, Bitcoin only, great features. You can even [build it on your own](https://github.com/Blockstream/jade/), if you feel adventurous. [Seedsigner](https://github.com/SeedSigner/seedsigner) - another DIY, fully open source, air gapped, Bitcoin only hardware wallet, not for you if you're just starting up but something to consider later. [Krux wallet](https://selfcustody.github.io/krux/) - one more DIY hardware device, I love this one for many reasons. Similar to Seedsigner, it's fully open source, air gapped, Bitcoin only hardware wallet, that is not for you right now if you're just starting up, but something to consider at a later stage and/or to up the security of your bitcoin. There's also Ledger, but I wouldn't recommend it as it's not fully open source, keep and already leaked customers' details, recently said they're capable of sending customers' keys out just with a firmware update, etc. **Stay away**, save yourself a headache in the future. Whatever wallet you'll decide to buy, purchase DIRECTLY from the manufacturer, no eBay, no Amazon. Make sure the device is NOT preset, and you will generate your own seed words. Write them down on any piece of paper as well as the receiving address. Now wipe the wallet and generate a new wallet. If the seed words are different from the first set, you're safe to use it. Find an option to set a passphrase and use it. This will boost the security to another level. Never store the seed words and passphrase together. Use a different medium if possible. If somebody finds both, they'll be able to steal your coin. This little device will hold the keys to your money, that's the reason why you have to be a bit more careful. Also, no worries, if it breaks, you can replace it - as long as you keep your seed words and passphrase(s) safe. Welcome to the rabbit hole and don't hesitate to ask if you have any questions anytime during your Bitcoin journey. Also, [check the sidebar](https://www.reddit.com/r/Bitcoin/about) that's filled with lots of great info and if you have any questions, visit r/BitcoinBeginners or r/Bitcoin and look for the answers.
eventually you shall find enlightenment and stop trying to time the markets and instead just straight DCA lol
DCA. Don’t wait for a dip. Half in, half dca.
I would buy lump sum with 50% then DCA with the other 50%.. just my two sats
DCA and just follow it daily ... part of the fun ... stress for some ... 😉
I didn't wait..I bought $250 worth and added it to my bag today. if it drops again I'll do the same again..and if drops again...I'll do the same again and if drops again then I am going be boring and do it..again...then its payday and its DCA again lol 😇💎💰
DCA and feel nothing... n-o-t-h-i-n-g
Bitcoin since inception has been giving 100% returns per year on average. In the past few years it was around 50%. Even at \~20% per year, a DCA strategy (a dynamic DCA, where you do less in bull runs and more in bear markets will probably yield much more) will still be life changing, just not as quick. Use a compound interest calculator or something and find out! 👀
DCA up and down. don't put all your remaining money into a 'dip'.
Use Strike and DCA, there is no easier way ... 🫵
I am literally just expanding on a concept that was created in your comment about price crashing. Then you flip flop and go back to your base argument about why do I expecting a price crash. As I have said before, you don't know which way the price is going to move. Obviously you believe the price will go up otherwise you wouldn't invest. I literally just said a couple comments ago about your naivety in expecting price to go up in a straight line, which you haven't grasped yet. DCA strategy reduces your downside risk in the event of a downturn. Do you understand that? Let me say it again, in the evening of a downturn.
Classic "Im richer than you so I know what I'm talking about argument". You don't know me and that's a pretty stupid thing of you to say so I will continue to believe you are stupid You still don't understand. It doesn't matter what you believe. The market doesn't care what you believe. You can believe your asset will go to the moon When I buy an asset, I also believe the value will increase, otherwise what would be the point. However, I'm not naive enough to think price goes up in a straight line. I have explained this to you in many ways already. A DCA strategy reduces your downside risk in the event of a downturn. You sound like your investment is guaranteed up from the moment you put money in. Amateur
Hardware wallets are ideal. They enable you to produce and sign transactions online while keeping your private key offline (backed up on paper and/or steel plates). The next best alternative is a cold storage wallet, but it is a lot more DIY work to ensure your private-key is NEVER exposed to the internet (!!!) After you've set up your first wallet, but before you deposit a cent. Delete everything. Oops, gone forever!...Just kidding. Now you have to manually recover it. This step is crucial and best-practice for long term holding. If you can't recover your wallet after the fact, read more, learn how this all works, and try this over again. Once you can recover your wallet from a piece of paper, without any files or software to aid you, then you're ready to start using it. If you skip this step, you will always have doubts if your crypto is really there or safe, or worse, you won't be able to recover it at all because your physical backup has an error in it that you missed. Nothing can be done over if you make an error, so always measure five times and cut once -- all responsibility falls on you. Once you have wallet recovery figured out, start looking for better physical-copies to keep around than a piece of paper, like stamping your seed into washers strung on a bolt in your ceiling, something with steel since it's fire-proof. Bitcoin uses a UTXO model for all its transactions. If you're DCA or continually investing over the long-term, as opposed to lump sum investing all-at-once for the long-term, I highly recommend you learn how UTXO works now ... In short, each time you deposit BTC into an address it creates a new 'unspent' transaction. When you withdraw from these addresses in a lump sum, called sweeping, you must pay a blockspace fee that covers all of your unspent transactions together. If you deposit $1 one-hundred times and the deposit fee is $0.50 each time, to withdraw $100 that withdrawl fee will be another $50 roughly. It is extremely wise to 'sweep' all of your 100s of small transactions into 1 main address whenever fees are unusually-low, versus doing what everyone else does and waiting for BTC to be at ATH along with its blockspace fees to be at ATH before doing your final-sell-off. It is also wise to DCA in larger lumps than $1-2 trickled in at a time. A little foresight can save you $100s on fees with UTXO. Just look up 'how to sweep BTC UTXO' if this isn't clear, and 'Bitcoin Transaction Size calculator' to estimate fees. I always suggest using whichever exchange is most reputable *in your country*. In USA that's likely Coinbase (publically traded) and Kraken. In the EU the answer will be different. In Canada the answer will be different. In Brazil the answer will be different. Use whichever exchange is based in your country, so if SHTF you have legal recourse to go after them -- likely at no-cost as part of a class-action (that you won't be eligible to be part of if it's across any border). If you have the luxury to have multiple reputable exchanges to choose from all within your borders, then spend a few minutes determining which has the lowest fees and spread for buying 'and' selling. You'll want multiple exchange accounts set up before the time you sell because if you wait for a unicorn-ATH to sell, your go-to exchange might (honestly, will likely) be offline from DDoS/congestion and the next exchange may take several weeks to find the time to approve your new account by then -- costing you 10-20-30-50% in lost profit by then too. Treat any exchange like the disgusting public washroom they all are. You have business to do - get in, do it, and GTFO. You do not want to linger in there a minute longer than necessary. It wasn't 5 years ago that EVERY exchange would rob their customers and disappear into the abyss. A few persisting this long is absolutely a new thing for crypto, but in no way implies they're safe. Don't tell anyone how much you own, either, or that you own any at all. For obvious reasons. Unless you have security holed up in your house 247, it's not worth the bragging rights to potentially get beat over the head with a $5 wrench. You never know who you're talking to. Everyone and their dog will want your BTC; don't click links, don't type your key on your computer or especially in any website, don't trust anyone who says they can make you rich, don't fall in love online with a pro trader, they're ALL scams... Keep your head and plan for edge cases now so when they come up you aren't panicked for time and emotional in your decisions. Some nuances you'll figure out. It's really not difficult at all. For the most part just read up on the risks so you don't fall straight into them, and you'll do fine.
Do both? Mine kyc-free BTC and also DCA weekly while keeping coins separate?
Ooh fuck daddy, you're gonna make me DCA too.
Perhaps you ought to buy a little and find out if it can be life changing. Personally, yes, I think we have decades of outperformance vs all other investments. It will be very volatile still, so be prepared to hold during extreme draw downs, such price drops should be seen as an opportunity to accumulate more at lower prices, 13 years from now (roughly 3 more halving cycles), the price is likely to be many orders of magnitudes of what it is now. I'm DCA'ing £30 a month right now, it's a very small commitment, but the potential growth is enormous if bitcoin continues to perform anything like what it has been so far.
Patience OP. DCA and buy the dips. Then check back in 10 years or so. We all get BTC at the price we deserve.
Your opinion is that it is hocus pocus because you still don't seem to understand. A level of common sense is required and your idea of averaging 12 times a minute is a ridiculous example of trying to dismiss DCA. The common sense is averaging in over a period of time that is in line with your investment horizon. If you trade by the minute, then the ridiculous example that you've given still works, so nice try. Nobody can account for a black swan event, that's why it's called a black swan event. But guess what? If you're averaging in over time, you'll have cash to deploy to buy the black swan event. You on the other hand, will have nothing :)
True. It can still be life changing. My dad started DCA-ing last year. I rhink that is awesome.
what does that matter? You realize a $100 DCA in XRP over the past 8 years as almost 2X the same DCA into BTC?
Put aside 10% of every income and save for now. We’re in a bull market so prices are inflated. Prices will rise higher drastically in the short term but will crash lower than levels now. DCA buy top 10 crypto during the bear market(after this year) and plan to hold for 10 years; maybe sell some during next bull market.
I need it to drop so bad that everyone gets soooo scared so I can finally put the extra amount I saved (apart from my biweekly DCA) to use it when it goes down significantly, lord please
The audacity of you to say all the books on the benefits of DCA are bs just reflects your narrow mindedness. Of course you invest in something if you believe the value is more than the price. That doesn't mean it goes straight up from the point you invest in. That much is obvious So you reduce your downside risk by averaging in over time, a consequence being reduced upside potential. This is not a hard concept to understand for somebody who claims to have been in the markets for 25 years
The problem with mobile devices is that they have too many unknown complexities, even when offline. What if someone installs malware, possibly without realizing it? What if your phone gets mirrored? What if the app or its implementation is not secure enough to protect your key? Mobile devices also tend to try connecting to the internet, even when you put them in airplane mode. Retail cold storage solves these issues, and most options even protect your key when used with an infected host device. If managing your own bank feels overwhelming, an ETF could be an option if available. I was never comfortable with self custody and still am not. But I am stuck with it because my ETF brokerage does not let me convert BTC to an ETF without a tax event. But my DCA goes to the ETF since that option is available. And you can set up beneficiaries in case of unforeseen death.
The market shakes out weak hands, but strong hands hold or DCA. Just wait and see as the magic unfolds. 
DCA is the way to Go, you can Always increase the rate if it Drops.
Not really. Your last response failed to have any substance to my comment prior. You only addressed your own contradiction without acknowledging the risk-management benefits of DCA. Something you have been dodging this entire conversation. Why is that?
DCA Look it up You're welcome
1% of NW in crypto, and 65% of that is in bitcoin. I consider myself more on the riskier side, but then my fin advisor says I’m middle aggressive. I guess there’s people out there that can stomach a 30% drop when the broader market goes down 15-20%? I’ve been DCA into crypto since 2016, $20-30 at a time. Up quite a bit now, but have been through several 50+% downturns…don’t think I could do that with everything…that’s just me.
The one sure thing about BTC is that no one knows what's going to happen until it happens. Just DCA and HODL. You'll find out if your prediction is correct with the rest of us.
It's tough now that BTC is slowly coming out of forums and subreddits and rich people are finally "getting it" I DCA bi-weekly and don't care about price, but a sharp price drop would be a God gift for us
Da Crab Accumulates, DCA time
1) You can never have enough Bitcoin. So NO, $210 is not enough. But it’s a good start. 2) Open an account with CashApp or any other reputable exchange. Sync your account with your bank account and/or transfer dollars from your bank account into your exchange account. 3) Use your recently set up account to buy bitcoin. Dollar Cost Average (DCA) more Bitcoin by buying what you can afford regularly. 4) Buy a hardware wallet for putting your bitcoin into cold storage. I recommend a Trezor. Set it up. Do Your Own Research (DYOR) on how to transfer Bitcoin to it. 5) Transfer your Bitcoin into your cold storage wallet. But DYOR on consolidating your UTXOs. It’s basically accumulating a certain amount of Bitcoin in your exchange wallet before transferring your Bitcoin into cold storage. I recommend a minimum of .01 BTC. 6) Hold your Bitcoin (Hodl) for no less than 5 years. The only way you’re going to see any real return on Bitcoin is by being patient and having the conviction to hodl for as long as you possibly can. The more you understand Bitcoin, the more conviction, determination and resolve you will have to hodl for as long as you can. Some say NEVER sell your Bitcoin, because we will be on a bitcoin standard some day. Not everyone has the same amount of time to wait. DYOR on time preferences, specifically concerning the volatility, adoption rate, and other pertinent monetary properties of Bitcoin to do all you can to decide on the strategy you want to employ for realizing gains from Bitcoin. 7) This is not financial advice.
Don't waste your time. there's no need to educate people on the topic. Everyone will have the price they deserve. Even if it's a minus EV situation, keep staking yourself. Rest will rush later.. don't inflate the prices while you are chilling and DCA.
Yeah as soon as I posted this TraderRM definitely dropped the ball. I still plan to copy him but with a lesser amount of funds after these last rough days. For nearly 2 months he was flawless and made massive profits for everyone. I currently have my funds moved to a couple new guys I’m trying out. Since he’s sitting on those shorts anyways. I closed them out manually before the market took off. Especially when I heard the news on doge and XTR ETFs, I knew those two were about to shoot up and sure enough they did. Anyways I’m trying out TraderVet, so far he seems to have a very similar style to TraderRM but he uses roughly 3.5% of your total margin per trade and DCA versus 5%. He also deals with several different crypto’s versus just a three that RM deals with. He also runs isolated margin instead of cross margin which I actually like as it reduces the chances of massive losses if things go south. He also closes his trades before they get bad which is what a good trader should do, take the L and move on. I’m really liking his style over these last couple of days. So fingers crossed. Another one I’m trying is Profit Compounder. He uses much higher margin per trade which yields much greater returns but primarily only deals with bitcoin which is much easier to analyze and predict so I feel like it kind of offsets the risk of the higher margin that he uses. He doesn’t do very many trades but the ones that he does are generally big returns. I’m dropping XTTrader soon as well once all his trades are closed. He just doesn’t make enough money, just a little scraps here and there and they take a while. Just feel like my margin is wasted with him. I’m also looking at a few more guys but waiting until their stats get a little bit more established before I test them out. I’m still following orcinus orca, he wiped me out completely twice. But I decided to give him a third chance because when he does good, generally it’s a good return. And it looks like he is using better risk management as well. This past week he actually made me quite a bit of money and there hasn’t been any crappy trades like he did when I first started to follow him. So fingers crossed he continues to do good so I can at least recoup the money that he lost me previously which he has already done about half of. I only keep my margin with him around $500 though as I don’t trust putting more into it.
I understand what you are saying. I think it is somewhat difficult to gauge how much lower the upside potential of a DCA strategy is compared to a lump sum strategy. Again, not disagreeing that lump sum outperforms DCA if timed correctly. I DCA'd into BTC over March-Dec 2023 and had a 28k average entry so that's a 3x-ish for me, which I'm happy with I get that you have your own thesis, and rightly so. Anyone investing should have one. But ultimately, nobody has the crystal ball to know for certain which way it's going
The incongruence is that first you dismiss it and call it BS. Then you accept it as a valid strategy, which contradicts yourself And to quote you again on your last point: "you don't know that do you?" And it is precisely that, you don't know, I don't know which way price is going to move. The low point of today may or may not occur again. So protect yourself with DCA and sacrifice some upside potential for proper risk management
Yes i think lump sum is less stupid than "DCA". What is the incongruence in that? And you keep talking about "timing the market". All bs. If you think btc will go up, buy now now now. The low point of today may not occur again.
Well no, you said DCA was BS and that average price was "nonsense and meaningless" Now you accept them as strategies and that lump sum outperforms them lol I agree with you that lump sum outperforms DCA so long as you have timed the market. You assume maximum risk with a lump sum, and for simplicity, keep it a one time lump sum My point from the start was risk management, which DCA will provide. Exactly as you say, "you have no knowledge about a later moment" Can you not see how my downside potential is de-risked by DCA? If the price goes up then my upside potential is not as high as a lump sum but profit is profit
No doubt your upside potential is higher with a lump sum, if you can time the correct entry. From a risk management perspective, it is safer to DCA https://corporatefinanceinstitute.com/resources/wealth-management/dollar-cost-averaging-dca/#:~:text=Using%20DCA%20ensures%20minimum%20loss,deterioration%20in%20a%20security%20price.