bitcoin-trading-dca
Finance and crypto
bitcoin dollar cost averaging bot
SHOW HN2017
How HN took it
4 positive, 28 neutral or asking, 1 mixed, 21 critical, out of 54 comments about the project. Thread score -0.31.
Idea: 3 for, 16 againstPricing: 0 for, 2 againstExecution: 0 for, 2 againstPrivacy: 0 for, 1 against
The thread, comment by comment
Each row is a top-level comment and its replies, in HN's order. Select a cell to open that comment on HN.
positive neutral or mixed critical about another commenter or something else the maker
What HN said
What people liked
Dollar cost averaging is a simple, useful strategy for volatile assets
From 1 comment
"Bitcoin investing" sounds a bit like an oxymoron to me (more like speculating). Anyway, dollar-cost-averaging looks like a great strategy if you are very bullish on a asset…
simo7 on HN
Objections
Transaction fees are ignored and would erode the invested amount
From 2 comments
The example says they want to invest $1000 over the course of 3 months, so 1000 / (3 * 30) = 1000 / 90 = ~11$ / day. But aren't the transaction fees (at least for Bitcoin)…
netinstructions on HNYou're right. All these investing "strategies" ignore these costs.
fiatjaf on HN
Dollar cost averaging is market timing and can underperform lump sum investing
From 1 comment
Another problem with DCA is that it's a classic case of "timing the market". If, over the course of those 3 months, the value of the asset you're purchasing consistently…
brndnmtthws on HN
Bitcoin investing is more like speculation than investing
From 2 comments
"Bitcoin investing" sounds a bit like an oxymoron to me (more like speculating). Anyway, dollar-cost-averaging looks like a great strategy if you are very bullish on a asset…
simo7 on HNTrading != investing, dollar cost average is an investing strategy, not a trading strategy; you have an investing bot, not a trading bot.
gnaritas on HN
Script stores exchange API keys in plain text
From 1 comment
I am sorry to say that but this script is quite laughably naive. It even includes storing your exchange API keys on plain-text on disk. Yum!
qmachu on HN
Requests
Show backtest graphs of DCA at different times and amounts
From 1 comment
When I saw this initially, I thought this'd be a bunch of graphs detailing how you would have done to invest using DCA at different times in the past, and at different amounts.…
popman on HN
Questions
Why is DCA still used given evidence it underperforms?
From 1 comment
There is plenty of empirical evidence showing that DCA doesn't work, and only provide a psychological value. Why are people still using it? And for Bitcoin?
ucaetano on HN
Alternatives named
Moving average tactical allocation strategy
From 1 comment
A better approach with an extremely volatile asset like Bitcoin is a simple tactical asset allocation strategy. For example, the following system significantly outperforms both…
pdog on HN
Coinbase recurring purchases and GDAX
From 1 comment
FWIW, this is a feature on coinbase-- you can just have them ACH charge your bank account a fixed amount each day, each week, each month, etc (each hour maybe?). Unfortunately…
rothbardrand on HN
coinsavers.net DCA website
From 1 comment
a few years back I made a similar DCA website, you can find it at: https://coinsavers.net The site has helped me to take the timing anxiety out of buying; it was initially made…
mrosseel on HN