purchases fewer shares when the investment is riding high and more when its price is depressed. This will make tax planning, and tracking your profits, a lot easier. Some cryptocurrency exchanges lock in the price on the date you select, even if the funds are not immediately transferred. Cryptocurrencies like Bitcoin, Ethereum and Litecoin, can fluctuate 10, 20 even 30 or more in the space of a single day, week or month. One final note about dollar cost averaging into the cryptocurrency market it is a good idea to contact your bank before you make your first purchase.
How does, bitcoin gambling affect average cost basis?
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