Bitcoin Forum

Does anyone employ a cost averaging strategy on BTC? If so, what's your frequency/ amount?

At this point the price of bitcoin is really too volatile for it to be any meaningful kind of investment, at least one that one would rely on.

Bitcoin is still very far from certain from being viable over the long run and buying bitcoin with the intention of holding it in the long run is speculative at best

Holding has proven to be pretty much dead by now. Not an issue, since that way the coins get distributed further.
What itches me is the lack of private enthusiams to mine coins at home. That was the stuff that made Bitcoin great, once ago.

Yeah, I used to mine but it was a waste and didn't deal me nothing decent at the time. Even tho times have changed, I wouldn't advise mining at this time.

it's a can't fail strategy IF bitcoin goes up in the long run.

mining bitcoin can only be done through altcoin since ages already, and it seem that there are still some low profit to be made, yesterday i spotted one good coin to be dumped that could return a decent bitcoin amount

I rather think it's much better than it was before. {The Willybot created chaos a while ago}  ;)

The estimated average in my opinion for the last couple of months was around $200 {more on the positive side} It's not something I would use as a indicator to determine a cost average, but it's a start.

We have seen some crazy "bubbles" before... but it's much less volitile now.  ;D ;D

Edit : Mining Bitcoin solo is a absolute waste of time and money.  :(

^^^ That, I turned off my miners about a year ago.
It got to a point where it only made me peanuts and it wasn't worth the hassle.
It was better to just buy them.

To trade bitcoin, you must firstly own some.
You can purchase your own bitcoin at coinbase and use their wallet service to keep it secure

 After that, click the buy or sell button to make your first trade....

The only cost average for my Bitcoin is the amount of work I put in :)

sell on the first 10 days of the month.
buy on the middle month and the end of month.

bonus : see bear trap ... and buy more !  :D

I think a lot of people building a long term Bitcoin position do use Dollar Cost Averaging (http://en.wikipedia.org/wiki/Dollar_cost_averaging). It's a great way to protect against volatility.

Yeah, tons do it, it's realistically the best way to get BTC. Unless you are getting paid directly on BTC, chances are you are not making much, signature campaigns and such are small extras. In my case im putting half my wage on BTC monthly. Cant miss this golden low price period. Hope it lasts.

I try to do this as much as possible, my wage is limited tho, gotta pay bills and basic services, gotta pay rent, gotta pay taxes, gotta pay food, gotta pay gym, gotta pay gas... and the few remaining fiat i put it on btc.

I think at this point holding any significant amount of BTC is a bad gamble. Based on the fact that bitcoin has had practically zero innovation since Satoshi vanished, it would make more sense to gamble on altcoins, which is home to daily invention and where the future of digital currency can be found.

the high school lessons of investment are steady small movements. the adult and profitable investments are in volitile markets. the best scare tactic to keep naive people away from taking your profits is to convince them that the most profitable markets are bad investments, giving you free reign to scoop more profits without competition.

day trading is an investment strategy. hoarding for long term will be profitable, but not as much as day trading to increase your haul.




using a pickaxe to get gold was what gave many migrants to america enthusiasm.. now things moved on and only the rich with large equipment invested in mining are the ones still enthusiastic.. same goes for any precious resource or rare items.. like bitcoin.

just like the golden age, people moved away from mining for gold and instead set up goods and services to swap for gold. basically to get gold without large investment or sweat.. and thats what stage we are entering into now in the bitcoin ecosystem.. retail and services is where people should be concentrating on to get their hands on bitcoin without investing in mining farms.


if people in the basements could mine 50 bitcoins a day, the value of bitcoin would only be $1.. im glad the average miner can only scoop up decimal amounts a day, as thats what is helping to keep the prices in the hundreds.