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Title: [Poll] How many of us are dollar cost averaging? Post by: Draino on February 02, 2013, 03:13:23 AM Just wondering.
edit: added D&T's good point, miners count too Title: Re: [Poll]: How many of are dollar cost averaging? Post by: DeathAndTaxes on February 02, 2013, 03:19:07 AM 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. Title: Re: [Poll] How many of us are dollar cost averaging? Post by: Draino on February 02, 2013, 03:29:50 AM 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)
Title: Re: [Poll] How many of us are dollar cost averaging? Post by: jl2012 on February 02, 2013, 06:15:18 AM Just wondering. edit: added D&T's good point, miners count too I do it daily |