Not buying atm period.....!
You party poop, JSRAW!!!!! Maybe you should let us know if 4 digits are over yet? or you don't wanna say anything, bhai.
Party pooping is your field of expertise bhai
I am just not accumulating at this range because my overall buy average going up drastically for quite some time which i am not comfortable with. May be i am waiting for 20-25% correction and if i dare to guess then your buy orders are set up around same level?
4 digits seems unlikely but i think no one should rule out the doomsday scenario, even if there is 1% chance.
Well, there is a need for something like a 7% or 8% price drop before my BTC buy orders are triggered after the sell order is executed, and then my increments thereafter between the BTC buy orders might be any where between 1% and 3.5% depending on how I am feeling, and I don't mind being a little bit aggressive on my buy orders... especially in times like these since I haveBTC buy orders that go all the way down to $5k-ish that are NOT too likely to be filled.
Sure, of course, some day maybe I will aspire towards the maintenance of larger spreads between my sell orders and buy orders and larger increments between buys, too... My sells have already largely programmed in larger increments between sell orders, too.
In any event, I still don't mind having some opportunities to buy back some little fiends along this lovely bullrun.. especially since hardly any of my BTC buy orders got triggered in the last run up from $10k to nearly $20k (from early September to late November.. sure there were a few buy orders that got triggered along the way, but really NOT very many.. almost a straight run up from $10k to $20k that took about 3 months to play out and resulted in selling all the way up.. small amounts, but still.. selling.. )..
Of course, I could give less than two shits if the BTC price fails to go down and my BTC sales end up getting locked in forever and ever and ever, but if it is going to end up going down, then may as well make lemonade out of those lemons that happen to end up showing up
(I am pretty sure I used that lemonade saying previously (and others have too).. but does not hurt to repeat).
Regarding 4 digits, I agree odds are seeming quite low for that, currently.. and sure 1% or so might be a somewhat reasonable prediction about that.
The 208-week moving average is now up to a bit over $7,200, and so far that 208-week moving average ONLY has been getting hit during BIGGER corrections that had come after a considerable amount of UPpity or liquidations events such as the mid-March 2020 incident (which the 208-week moving average was then around $5,200 and the BTC price ONLY dipped at or below such $5,200 price for about 10 days in that liquidation event).
So yeah, anything is possible, and I still think that it remains reasonable to use the 208-week moving average to attempt to figure out the extreme of the extremes that could happen and attempt to measure where we are at from there, even if the current momentum feels to be quite against such DEEP DOWNity happenings.
Regarding your average buy price going up... yeah, that largely happens if you do not shave any BTC off on the way up.
I know that some peeps are NOT in a position to be shaving off any BTC on the way up.. and I can definitely relate to that practice/approach because in my thinking you have to have some kind of objective measure, framing or psychology that you are someone over invested or overweighted in BTC before you should prudently be feeling like shavening off any of your lillie fiends.... so I can somewhat relate to what you are saying about buying causes your average BTC price to go up... but it also causes you to have more BTC too.. so that is the other side of that card... and sometimes it is better to increase our BTC stash rather than to worry about if average cost per BTC has gone up.. By the way, our lil fiend Saylor does not seem to care if his average cost per BTC is going up.. some of his latest purchases of around 2,500 BTC were at nearly $19,500 per coin.. and this new debt to buy BTC that he is employing will also have little to no concern about if he had happened to buy more BTC at prices higher than his previously bought BTC.
Poll
