I just fired another $250. If it goes down I'll fire even more. If it goes to 3k I am going full berserk. Taking no prisoners. My ammunation is stronk.
What a beautiful morning, cheap coins feel good.
There is no “when” there is “if” nothing is written in stone, and if there is a shit tone of FIAT to buy in at 6K
Then don’t be greedy at 7K with 250$
Don’t miss out maybe your gonna be ok and we hit lower, what if we don’t??
Maybe its a mistake to not go all in while the prices are this low.
This is how I feel comfortable. When I DCA like this I feel like I have the control over my investments.
Whether if it goes up down or sideways, from these prices I have 3 options:
1- Hodl
2- Buy
3- Sell
If I go all in, I'll lose my ability to buy, not just bitcoin but everything else. What if stocks make a nosedive tomorrow? I am ready. What if gold goes back to $1k? I am ready again.
In the end I'll probably make a lot less money but doing it like this I have no problems at night while sleeping.
That's a great way of putting the matter, Mindrust.
It is much better to have three options than fewer.
It is possible if you went all in, and the price went rushing down, then you would go from having three options to having no options... Sure, HODL is a kind of default option, I suppose.
No matter the hypothetical, it is best to be able to engage in strategies that give you more options, rather than fewer options. Of course, longer term with the increase in BTC's prices, you end up building equity, so then you always have the option to sell (some or all) presuming that your parameters is to be "in profits" in order to be able to sell.
I have currently created a soft threshold upon myself, which is based on my profit levels and of course, my overall situation which involves NOT selling under $5k. I did not have that soft threshold previously, but the overall price performance of BTC which had inspired considerations and reconsiderations of my own situation has contributed to my self-imposed creation of such a threshold upon myself. Since I have sovereignty over my own situation and a decent appreciation of my own situation (and any changes that might come to my situation), I have the authority and discretion to change my self-imposed threshold limits at any time.
I believe that DCA in my early days of accumulating bitcoin and continuing to follow that kind of BTC accumulation mechanism gave me the power to have more options (as you mentioned), and of course, overall appreciation of BTC's value on the longer time scale did not hurt my situation or the providing me of more options.
At some point, even you mindrust, might decide that you have accumulated enough BTC, and herein after you have transitioned into a maintenance, rather than an accumulation, kind of a stage of your bitcoin life.
Of course, there are no absolutes in your own abilities to exercise discretions and tweakenings of your own stash and/or practices, so even if you were to consider yourself mostly transitioned into a maintenance kind of a stage of your bitcoin stash (maybe determining that you are not going to inject any new money into it, but only used money that is already in it?), that determination would not preclude you from deciding to accumulate BTC here or there (on dips or whatever other criteria that you deemed within your own discretionary options to be fitting to your own situation).
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