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My intention is to warn you guys to practice proper risk management because inevitably, even with a small investment, your Bitcoin allocation will be the main source of your wealth. Marginal utility of wealth dictates that it's more important to secure your first million than to make another.
I've seen it go down from 32 to 2 and it was a really bullish environment too until about 14. It was a long drawn out process with countless bull traps over the course of 6 months. Don't fool yourself thinking it can't happen again today. That's just the nature of humans.
I've seen it go down from 32 to 2 and it was a really bullish environment too until about 14. It was a long drawn out process with countless bull traps over the course of 6 months. Don't fool yourself thinking it can't happen again today. That's just the nature of humans.
Yeah these boom/bust cycles are less painful if you only buy a certain amount every week, bi-weekly, or monthly. Dollar cost averaging with bitcoin, especially over a long period of time, is the only way to go IMO.
