Just wondering.
edit: added D&T's good point, miners count too
edit: added D&T's good point, miners count too
I do it daily
Topic: [Poll] How many of us are dollar cost averaging? (Read 822 times)
I do it daily
I can't think of a better way to make bitcoin overall more attractive to people watching, or even secure. If there's a growing number of users who are putting their money steadily into these things.. (the business channel tells me growth is good)
We have some clients that do this. Same large valued purchase once a week, every week, for week after week after week. Personally if I was looking to acquire say $250,000 in BTC that is how I would do it. $5K a week for a year. Sure trying to time the market can be thrilling (buying $250K when BTC drops under $3) but it can also be painful (buying $250K worth of BTC at the peak). Looking back there is no year long period where buying fixed dollar amounts would result in a net loss.
Another thing to consider miners who mine and hold are essentially dollar cost averaging even if they don't realize it. They are trading a relatively fixed sum of dollars (in electrical costs) each week for a variable sum of BTC.
Another thing to consider miners who mine and hold are essentially dollar cost averaging even if they don't realize it. They are trading a relatively fixed sum of dollars (in electrical costs) each week for a variable sum of BTC.
Just wondering.
edit: added D&T's good point, miners count too
edit: added D&T's good point, miners count too
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