Show HN: Bitcoin investing using Dollar Cost Averaging strategy
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Re: Show HN: Bitcoin investing using Dollar Cost Averaging strategy
#2> The investor purchases more shares when prices are low and fewer shares when prices are high.
If you never sell you never lose.
Re: Show HN: Bitcoin investing using Dollar Cost Averaging strategy
#3Trading != investing, dollar cost average is an investing strategy, not a trading strategy; you have an investing bot, not a trading bot.
Re: Show HN: Bitcoin investing using Dollar Cost Averaging strategy
#4[deleted]
Re: Show HN: Bitcoin investing using Dollar Cost Averaging strategy
#5Trading != investing, dollar cost average is an investing strategy, not a trading strategy; you have an investing bot, not a trading bot.
No, they have neither. This is just a script to purchase an amount of bitcoin. It has to be run manually for each purchase. It is easier I think to just login to the exchange every day and make the purchase. Not sure why this is so high on HN.
Re: Show HN: Bitcoin investing using Dollar Cost Averaging strategy
#6Your link to Electrum is giving a 404.
Thought you should know.
Re: Show HN: Bitcoin investing using Dollar Cost Averaging strategy
#7> The investor purchases more shares when prices are low and fewer shares when prices are high. If you never sell you never lose.
"Rule No.1: Never lose money. Rule No.2: Never forget rule No.1." - Warren Buffett
Re: Show HN: Bitcoin investing using Dollar Cost Averaging strategy
#8DCA is just the way of periodically buying some bitcoin at the fixed dollar amount.
Re: Show HN: Bitcoin investing using Dollar Cost Averaging strategy
#9Trading != investing, dollar cost average is an investing strategy, not a trading strategy; you have an investing bot, not a trading bot.
thanks for letting me know the difference. I updated the repo :)
Re: Show HN: Bitcoin investing using Dollar Cost Averaging strategy
#10Trading != investing, dollar cost average is an investing strategy, not a trading strategy; you have an investing bot, not a trading bot.
No, they have neither. This is just a script to purchase an amount of bitcoin. It has to be run manually for each purchase. It is easier I think to just login to the exchange every day and make the purchase. Not sure why this is so high on HN.
Pieter Levels wrote pretty much the same thing a few days ago, but most people that know about Pieter know he likes to automate things. I'm pretty sure he set his up as a cron job.
https://gist.github.com/levelsio/ee9539134035492ba77a7be1b49...