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Why do you buy BTC every day? Is it cheaper than just buying once?
by fehrm 9y ago
Why do you buy BTC every day? Is it cheaper than just buying once?
- literallycancer 9y agoHelps with the volatility.
- thejake0 9y agoFor the curious: https://en.m.wikipedia.org/wiki/Dollar_cost_averaging https://en.m.wikipedia.org/wiki/Dollar_cost_averaging
- artpi 9y agoYes!
- rodjomatic 9y agoDo you have any special way of avoiding transaction fees? It would seem to me that buying a small amount daily would rack up lots of transaction fees?
- literallycancer 9y agoThe exchange usually gives better rates to people who do larger transactions, but the monthly volume would be the important indicator, rather than single transaction volume.
- AsyncAwait 9y agoI guess it just spreads the cost, as getting one bitcoin at once is getting a bit prohibitive these days.