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Title: If you bought BTC $1000+, You should buy MORE now Post by: GigaCoin on December 18, 2013, 11:47:20 AM The genius of cost averaging is a great way to recover your losses quicker especially if you bought at a top of a high performing market.
If you bought at 1000$+ you should be buying even more now, here is a good article explaining this: http://beginnersinvest.about.com/od/dividendsdrips1/a/low_cost_basis.htm Title: Re: If you bought BTC $1000+, You should buy MORE now Post by: Painful Truth on December 18, 2013, 11:49:55 AM sssh- that's what i'm doing...
and i didn't even buy at 1000. double win! Title: Re: If you bought BTC $1000+, You should buy MORE now Post by: wobber on December 18, 2013, 12:00:25 PM But what if one was a piglet and bought all at 1000+ and now has no cash to buy? Bye-buy cost averaging.
Title: Re: If you bought BTC $1000+, You should buy MORE now Post by: GigaCoin on December 18, 2013, 12:24:31 PM But what if one was a piglet and bought all at 1000+ and now has no cash to buy? Bye-buy cost averaging. Then the piglet will have to drink its own blood till the next recovery. Title: Re: If you bought BTC $1000+, You should buy MORE now Post by: Mirsad on December 18, 2013, 12:34:01 PM All in or out is the best pig strategy.
Mixed with buy high and sell low = maximum tears Title: Re: If you bought BTC $1000+, You should buy MORE now Post by: dg2010 on December 18, 2013, 12:50:09 PM All in or out is the best pig strategy. Mixed with buy high and sell low = maximum tears Please read this. I learned this lesson a few years back with my first big investment of BTC @ 10 usd and went all out around $40. I should have pulled 25% out and left with my original investment and then saved the rest. IN which case that is a substantial amount of lost return. I have not made that mistake again. Title: Re: If you bought BTC $1000+, You should buy MORE now Post by: GigaCoin on December 18, 2013, 10:03:03 PM All in or out is the best pig strategy. Mixed with buy high and sell low = maximum tears Please read this. I learned this lesson a few years back with my first big investment of BTC @ 10 usd and went all out around $40. I should have pulled 25% out and left with my original investment and then saved the rest. IN which case that is a substantial amount of lost return. I have not made that mistake again. What matters is Learning from mistakes, its the hardest part as we as humans tend to repeat our mistakes. Title: Re: If you bought BTC $1000+, You should buy MORE now Post by: Hunterbunter on December 18, 2013, 10:33:41 PM All in or out is the best pig strategy. Mixed with buy high and sell low = maximum tears Please read this. I learned this lesson a few years back with my first big investment of BTC @ 10 usd and went all out around $40. I should have pulled 25% out and left with my original investment and then saved the rest. IN which case that is a substantial amount of lost return. I have not made that mistake again. What matters is Learning from mistakes, its the hardest part as we as humans tend to repeat our mistakes. It takes a lot to break one's belief in himself to reach that point. Our ego's are primed through life to be all important, but at the end of the day, it's often responsible for our largest repeated failings. Sometimes, it takes being crippled to tears for it to accept defeat and enter the humble path of learning. Title: Re: If you bought BTC $1000+, You should buy MORE now Post by: Dafar on December 18, 2013, 10:42:35 PM I'm down a lot right now, but I'm not that worried.
I'm thinking if I should use more of my fiat to buy more now, or after this weekend... I'm not sure if we've seen the end of the dip. And I'm also wondering if I should even put any more money in just in case I'm wrong to not be worried and this whole thing goes down the drain. Thoughts? |