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DCA strategy
i have coinbase set up on my phone i have purchase some bitcoin, using the DCA strategy in order to average the cost, how do i use this formula on coinbase. i am a little confused.
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4 Replies
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If you watch the tutorials back there is an option on option to setup an automated recurring buy.
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The average value of bitcoins per month would not be quite correct if you use your formula.
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i have coinbase set up on my phone i have purchase some bitcoin, using the DCA strategy in order to average the cost, how do i use this formula on coinbase. i am a little confused.
Take the usual arithmetic mean.
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You simply use the recurring purchase feature built into Coinbase. Select whether you want to buy daily, weekly or monthly and then enter the amount you want to buy each time.
I show you exactly how to do this in Module 1 of The Bitcoin Foundation course:
https://cryptoversity.com/courses/bitcoin-foundation-course/
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