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Question: Do you infuse the BTC economy with a steady amount of cash?
Weekly/Bi-weekly, and I have been for a while - 6 (18.2%)
Weekly/Bi-weekly, and I've been doing it less than a month - 2 (6.1%)
Monthly - 6 (18.2%)
Quarterly - 0 (0%)
I do something else - 11 (33.3%)
I will when bitcoin hits single digits over the weekend - 6 (18.2%)
I mine and hold - 2 (6.1%)
Total Voters: 33

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Author Topic: [Poll] How many of us are dollar cost averaging?  (Read 706 times)
Draino
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February 02, 2013, 03:13:23 AM
 #1

Just wondering.

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


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February 02, 2013, 03:19:07 AM
 #2

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
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February 02, 2013, 03:29:50 AM
 #3

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
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February 02, 2013, 06:15:18 AM
 #4

Just wondering.

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

I do it daily

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