Seems like a losing strategy to wait for the best possible price to buy BTC. Seems better (and safer) to buy BTC as the price is going down. Even though you may NOT minimize your average price per BTC, at least you will NOT be chasing the price up or be left at the train station.
Translation: Contrary to the advice of almost every experienced trader, trying to call the bottom is a good idea.
*edit*
And I bought a lot of bitcoin at much higher price and desperately need the support of greater fools.
Your "translation" makes LITTLE to NO sense, and seems to be an attempt to be argumentative b/c you seem to be butt hurt that BTC is NOT going to zero or to double digits or anywhere near those prices that you have been projecting. You seem to have unrealistic and overly pessimistic views about the long term potentials for BTC, which makes me wonder why you participate in this thread? Are you trying to "save" us from bitcoin or do you merely get joy in the spreading of FUD?
My comment in the above post is NOT based on my own position in BTC. I am saying what I believe to be a good BTC investment strategy for someone who wants to get into BTC. In sum, invest in BTC on the way down, b/c currently BTC prices are good and inevitably in the medium term they will be going up (likely this calendar year or even within the coming months).
I am NEITHER biased by NOR worried about my own position in BTC (currently average buy-in price of $599) either b/c I am in BTC long, and I have considerable confidence that BTC is on its way up, at least in the next couple of years (or sooner) and that fairly easily BTC prices will go above my average buy-in price of $599.
Accordingly, I feel that I do NOT need to convince anyone else to buy into BTC b/c it seems very likely that BTC prices will be going up - NO matter what I say..
As you may or may NOT have heard, there is network momentum with BTC that will likely continue to cause exponential growth in BTC prices - whether that growth is 10x (as it has been historically in the last 4 years) or 2x (which is more modest), I am fairly confident that some form of exponential growth in BTC will continue to take place. I am more inclined to think that exponential growth will be 2x to 5x in the next few years rather than 10x, as it had been.
Yet, my investment in BTC does NOT rely upon exponential growth b/c I invested only as much as I am willing to lose. I would be completely happy with BTC performance that beats my average stock index fund returns (which is about 6% per year), yet in my view, even if BTC does NOT meet or beat that 6% per year, for me, it remains a diversified investment in my portfolio that is worth the risk b/c of a considerable upside potential.
You are a fool who wastes many words.
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