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1  Bitcoin / Bitcoin Discussion / Why the only safe method right now is to Dollar Cost Average Bitcoin on: June 11, 2018, 04:55:54 AM
Seeing a dip like today can be disheartening or even may put a smile on your face, depending on what technique you use to buy BTC

For those that don't know what Dollar Cost Averaging is, DCA is an investment technique where you buy a fixed dollar amount of an asset at regular intervals. It is particularly effective when dealing with more volatile assets such as Bitcoin.

Letís think of a scenario where at the start of this year (2018) you decided to buy $900 worth of Bitcoin. You could either have bought it in one lump sum on January 1st, or you could spread out the $900 by buying $75 worth of Bitcoin each week over 12 weeks.
In which scenario would you end up with more Bitcoin?

In Scenario 1, where you buy $900 worth of Bitcoin in one lump sum you would have ended up with 0.046 Bitcoin based on its market price on January 1st

In Scenario 2, where you spread out the $900 over 12 weeks starting from January 1st, you would have ended up with 0.060 Bitcoin based on the market price every 7 days until the 17th of March.

This is a difference of 0.014 BTC or a 23% difference in favor of Dollar Cost Averaging.

I must say I am also biased when it comes to DCA as the business I am part of a NZ company - that specialises in it. Just thought I would give my 2 cents (or my 2 satoshis  Wink )

2  Bitcoin / Project Development / MyCryptoSaver is expanding to the UK and looking for test users on: June 11, 2018, 12:36:09 AM
Hi everyone my names Matt, i'm part of the team at a savings platform that allows you to buy Bitcoin and Ethereum on a regular basis with automatic bank payments of up to $2000 a week.

The way our service works is really simple. You sign up and get verified. We then give you a unique reference number that you put in the reference field of your bank payment. You set payments to go out on a Monday and then we bulk buy Crypto on the exchange and deliver it to your nominated wallet that Friday.

(this 5 day delay is from being based in NZ and having to wait for international bank transfers to the exchange after we receive our users payments but we will be shortening this for the UK)

The idea is to use a dollar cost average strategy when accumulating Crypto. We also offer a cash-out service where we will buyback any amount of Bitcoin/Ethereum you have saved through us at the Market Rate.

We started in New Zealand in 2014, being one of the first Crypto businesses and have since grown to be one of the largest and best reviewed Crypto companies in NZ. We are a fully registered Financial Service Provider.

We are on the hunt for up to 100 UK test users to help us out with our UK testing. The incentive we're offering is that you will be able to use our platform with zero fees for life if you become one of our test users.

Please note that we will need to verify you like all exchanges, so we would need to see a Govt issued i.d. and a utility bill or bank statement with a proof of address.

Happy to answer any questions you may have.

Please send a message through the contact form of our site or PM me if you are interested

Thanks!  Smiley
3  Bitcoin / Legal / The legality of starting a Bitcoin business in Europe on: August 27, 2017, 09:24:04 PM
Hey Everyone, I would love some help if anyone has any experience or knowledge on this topic.

I'm part of a relatively small Bitcoin exchange/brokerage business and we are looking to expand into Europe.

What we are really wanting to know is if there are any regulations or legal hurdles we have to overcome to be able to do this.

For example,

- Can we treat Europe as one territory with the same rules/regulations? Or do we have to do it country by country?

- Do we have to register as some financial entity?

- Do we have to report to any governing body?

We are trying to avoid paying 20k in lawyer fees to find this out so i'm hoping the community here can shed some light on this?


4  Alternate cryptocurrencies / Service Discussion (Altcoins) / The next coin to be added to Polo...? on: June 08, 2017, 10:51:36 PM
Anyone got any thoughts?

This tweet indicates that it could be Humaniq
5  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NEM (XEM) Official Thread - 100% New Code - Easy To Use APIs on: May 19, 2017, 04:57:30 AM
There is no platform that allows you to short NEM
6  Alternate cryptocurrencies / Announcements (Altcoins) / Re: NEM (XEM) Official Thread - 100% New Code - Easy To Use APIs on: May 19, 2017, 03:44:28 AM
How did you loose the stake?
7  Alternate cryptocurrencies / Altcoin Discussion / So looks like NEM is going to be the next Billion Dollar Coin on: May 07, 2017, 12:12:27 PM
Already surpassed Dash  Grin Grin
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