Buttcoin

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Buttcoin is the future of online butts. Buttcoin is a peer-to-peer butt. Peer-to-peer means that no central authority issues new butts or tracks butts.

A community for hurling ordure at cryptocurrency/blockchain dweebs of all sorts. We are only here for debate as long as it amuses us. Meme stocks are also on topic.

founded 2 years ago

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dgerard@awful.systems

DCA is just rebranding for chasing losses. (lemmy.ml)

submitted 1 day ago by tracyspcy@lemmy.ml to c/buttcoin@awful.systems

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Crossposted from https://lemmy.ml/post/48918911

The irritating DCA thing is just a manipulation from bankers , stimulating the worst possible gamblers mistake - chasing losses. DCA claims it averages cost of participation, but that is a pure fallacy: these are independent events and probability of winning does not increasing with each “entry” even a cheaper one. What bankers are proposing to you is that you play again to cover previous losses. But the next play has the same probability to losing as the first one .

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[–] dgerard@awful.systems 3 points 1 day ago (1 children)

the way bitcoiners do it is dumbass brain damage however

[–] CinnasVerses@awful.systems -1 points 1 day ago

I have no idea what dollar-cost averaging means to bitcoiners so I asked for an explanation. I think bitcoiners should read finance textbooks too.