[Poll] How many of us are dollar cost averaging?

[Draino]

Just wondering.

edit: added D&T's good point, miners count too

[DeathAndTaxes]

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.

[Draino]

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)

[jl2012]

Just wondering.

edit: added D&T's good point, miners count too

I do it daily