/biz/ - Business & Finance

>>50106875
Well played sir, well played. Nice to see a level headed positive outlook here for once.

>>50106914
Indeed. In fact, I think I might double my investment this time next week. It's a modest strategy I've been thinking of calling "dollar cost averaging".

>>50106971
This strategy sounds most exciting! Would you gentlemen like to further discuss this over a drink and some fine cigars?

>>50106875
Rejoice, New friend! Wecolme to the GWC, or for the commonfolk, Great Wealth Club. Cant wait for us to share a delicous glass of alcohool! your choice, hoho

>>50107074
Sounds jolly good! Does this Friday work for you?

>>50106875
Why not just buy a full BTC?

>>50106875
>>50106914
>>50106971
>>50107074
>>50107158
Samefag

>>50107074
Of course. The essence of this investment strategy is to buy cryptocurrency at set intervals, without consideration of the spot price at time of purchase. This reduces the effect of market volatility on your averaged cost basis. For example, I've decided to spend $200 every Friday at 6pm PST on Bitcoin (ticker: BTC), which I will do regardless of my subjective assessment of the price - that is, whether I believe it to be "high" or "low".

>>50107194
And therefore, you gather more Bitcoin weekly, despite whether the price is Bullish or Bearish! Huzzah! I think we may have a winner! Genius my friend! Utter genius!

>>50107247
What a mighty fine stratagem you have accrued there sir

gayest thread of the year

>>50107194
wtf--so let me get this straight. you mean i can strategically buy as the price goes lower, or higher? instead of gambling like a degenerate basednigger? where do i sign up?

I think this calls for a celebration! Bartender! A round of scotch on the rocks!

>>50106875
Premium strategy.

>>50107247
Yes, you've grasped it perfectly! I've coined a maxim that captures the core of the investment philosophy underlying this strategy: "Time in the market beats timing the market."
If I may explain: when one examines historical charts, one may be tempted to believe one can "time" the highs and lows of the market, thereby buying and selling at optimal moments. However, in my opinion, this is a delusion of hubris for all but the most seasoned traders, or those with "inside" knowledge of market movements. For humble, risk-averse investors such as you or I, this approach (namely, "dollar cost averaging") yields safer returns and the benefit of a relatively stress-free investing experience.
Best of luck to you and your holdings!

Everyone who’s posted in this thread is a faggot except for me.