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Title: Have you guys dollar cost averaged the BTC that you are holding? Post by: keithers on January 14, 2014, 08:35:48 PM Hey all, I'm sure that most of you have dollar cost averaged the BTC that you are currently holding in your portfolio. Where do you all stand? Me personally, I have put more money in over time, so my dollar cost average is getting up there. It stands at slightly over $500/BTC. I'm curious about the rest of you...especially early adopters if you have continued to invest over time.
Title: Re: Have you guys dollar cost averaged the BTC that you are holding? Post by: El Dude on January 14, 2014, 08:37:26 PM I haven't done anything but buy and hodl.
best strategy ever. Title: Re: Have you guys dollar cost averaged the BTC that you are holding? Post by: Holliday on January 14, 2014, 08:39:58 PM I'm curious about the rest of you...especially early adopters if you have continued to invest over time. I assume that at some point most early adopters' portfolios became Bitcoin "heavy". If it's "heavy" enough, it wouldn't make sense to continue increasing that "weight". Title: Re: Have you guys dollar cost averaged the BTC that you are holding? Post by: keithers on January 14, 2014, 08:47:49 PM I'm curious about the rest of you...especially early adopters if you have continued to invest over time. I assume that at some point most early adopters' portfolios became Bitcoin "heavy". If it's "heavy" enough, it wouldn't make sense to continue increasing that "weight". Yes, you are probably right, but they would still have a dollar cost average unless they mined all of them. Actually evening mining them they would have a dollar cost average of some sort based off of electricity, equipment, etc... Title: Re: Have you guys dollar cost averaged the BTC that you are holding? Post by: Holliday on January 14, 2014, 08:49:14 PM I'm curious about the rest of you...especially early adopters if you have continued to invest over time. I assume that at some point most early adopters' portfolios became Bitcoin "heavy". If it's "heavy" enough, it wouldn't make sense to continue increasing that "weight". Yes, you are probably right, but they would still have a dollar cost average unless they mined all of them. Actually evening mining them they would have a dollar cost average of some sort based off of electricity, equipment, etc... Yes, mining is certainly a form of dollar cost averaging. Title: Re: Have you guys dollar cost averaged the BTC that you are holding? Post by: gentlemand on January 14, 2014, 08:55:08 PM Yup. Mine is early $600s.
If I hadn't been screwed by bank transfers being backed up to exchanges and waiting to be verified in various places it would've been early $300s. I should've gone down the all localbitcoins route but that's easy to say in retrospect. My first buys were under $200. By the time money got to Bitstamp the price was $750+ I plan to buy a few more if there's another dip but I've got a decent enough amount. Title: Re: Have you guys dollar cost averaged the BTC that you are holding? Post by: keithers on January 14, 2014, 08:57:17 PM Yup. Mine is early $600s. If I hadn't been screwed by bank transfers being backed up to exchanges and waiting to be verified in various places it would've been early $300s. I should've gone down the all localbitcoins route but that's easy to say in retrospect. My first buys were under $200. By the time money got to Bitstamp the price was $750+ I plan to buy a few more if there's another dip but I've got a decent enough amount. I got in around the $200 mark initially too. When I purchased I was buying at nearly the all time high (around $200), so I bought less initially than I should have... Title: Re: Have you guys dollar cost averaged the BTC that you are holding? Post by: gentlemand on January 14, 2014, 09:00:26 PM Same here. I decided I wanted a set number of them just as the price decided to bonkers. If it had been a couple of weeks beforehand... ah well, I've still got plenty and I cherish my cheap ones.
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