Post
Topic
Board Speculation
Re: "How to Time the Bitcoin Market? Hint: Don’t :)" - A Medium Piece
by
juju
on 15/06/2015, 19:43:50 UTC
Check out this post I wrote this weekend - https://medium.com/@asunnarborg/how-to-time-the-bitcoin-market-hint-don-t-d3286ed70341

What do you think?


I read your article last night before I fell asleep, it was pretty quick read. I actually was reading through your article and was kind of upset until I understood the point for using Lawnmower, it was was too mitigate some of the price volatility.

Because your app purchases a tiny bit each day with your normal transactions, you are spreading your risk of buying coins over multiple days thus averaging out the overall cost of your purchase. I thought it was really cool how you were able to average out your final price point/1 BTC.

I never understood Lawnmowers perceived benefit until now. Thanks for sharing with the community!