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This is why you buy over time, and not in one go (dollar cost averaging). Your gains are lower than if you coincidentally managed to buy at the bottom, but you
by joshvm 9y ago
This is why you buy over time, and not in one go (dollar cost averaging). Your gains are lower than if you coincidentally managed to buy at the bottom, but you won't be affected nearly as hard as if you put all your money in at the top.
Does this suggest that people are dumping to fiat, rather than other coins? There was speculation that the reason Ripple shot up recently was because people were buying it with Bitcoin, however virtually everything is down at the moment.
- deegles 9y agoOnly if the fees are low.
- MuffinFlavored 9y agoOnly if you like catching a falling knife and holding a bag. :)
- coralreef 9y agoDollar cost averaging makes sense, but does it work? http://www.moneysense.ca/columns/does-dollar-cost-averaging-work/ http://www.moneysense.ca/columns/does-dollar-cost-averaging-...