(BLAH BLAH BLAH)
Why is it every time I fill an order we immediately get an additional 10% drop? I'm beginning to think I'm a negative influence on the market. 🤔
Possibly your orders are too narrowly spread apart if you are trying to buy on dip..
And, sure if your are in a BTC accumulating stage then there is another DCA portion of any reasonable and prudent strategy that should just buy BTC whenever .. and not get too preoccupied if you had happened to buy $200 at $45,500 or buy $200 at $44,800.. ..
In the whole scheme of things the exact place where you bought should
not make much if any difference if you have another $200 coming into your discretionary (to be used for BTC) cashflow in the coming week or so.
By the way, I am not sure about from where you are calculating any kind of 10% dippening in our current actual BTC price dynamics. Even if you had bought BTC near our local top of $48,190 from about 3 days ago, our so far max dippening from today has only gotten down to $44,521 which is around a 7.5% dip from the toppening to the bottomening..
The so far BTC price dynamics (including our current dip status) is NOT even really much of any kind of down volatility to write home to mom about, yet. right?
Now if you are talking about the future and wanting to predict that we might get down to a 10% or greater BTC price dippening, then that could well be another story.. but that is not how I read your proclamation of having already had a 10% BTC price dip (which 10% dips may well have not even happened yet since we started going up from $29k-ish in the past nearly a month since starting this particular UPpity run, no?..
edit: Whoops, I correct myself.. we had about a 12% dip from $42,500 to $37,200 between 7/31 and 8/4.. but that is our only decently-sized dip, so far in our current price run up)
Contemplated throwing in an edit right after posting.
May have been a good idea.
Generally it is not good to post with too much emotions especially when some of us are attempting to post about substantive issues.
I was posting based on Feelings with no fucks given about the actual Maths of the situation. wxa7115 actually called it very close to reality. I had come across some unexpected funds and set it into my dippening orders. Figured $45.5k was likely as low as I could reliably expect to fill, and when posting that exaggerated expression of my girlie emotional moment we were wicking down to $44.5k (Obviously not 10%, but damnit! I could had bigger crumbs!)
That is ONLY like 2-3% difference between $44,500 and $45,500, so it seems fairly petty to get worked up about such a thing. Of course, you could end up setting smaller amounts at varying increments too... there are a lot of ways to do it, but when you practice, you should become more and more comfortable with your own tolerances.. and sure, it may well make a bigger difference if you are stacking between 0.21 BTC and getting up to 2.1BTC as compared to if your stack reaches more than 10BTC, then you might not be as concerned.. so of course, the values are going to change over time, so if you are stacking at $45,500 you may be able to stack 0.02197802 BTC with $1,000, and sure you could have stacked 0.02247191 with prices at $44,500, but then down the road when BTC prices are supra $100k, you might have $2k that you can use for stacking, but you end up getting only 0.02BTC with the double the fiat amount in your pocket.
It still seems to me that you just do what you can, and don't get too worked up about price differences because over time the amount stacked will add up and you are sill likely going to be ahead of so many normies who both fail/refuse to even get started in Bitcoin.. and by the time they get started, you will already have stacked up a decent quantity.. (not that you should be competing against anyone but yourself, and maybe not even healthy to compete against yourself or to kick yourself for attempting to be practical along the way in terms of ongoing stacking.
I know the feelings about being a wee bit more desperate in my own feelings while I was in my earliest few years of stacking sats, but I kind of mellowed out with the passage of time and realizing that I had stacked a reasonable and meaningful amount in terms of my own situation, but it surely did take me 2-3 years to get there and I was more nervous earlier in the stacking career.. and there are going to be guys/gals/institutions/states coming into this matter 4-10 years down the road, and you will have already gotten to a decent level of comfort, and the difference between buying at $44,500 and $45,500 is not going to matter so much in the whole scheme of things when those peeps/institutions are going to be stacking and the price might be over a $million or even well over $10million further down the road... in other words do what you can.. do what you can..
Oh and I have already told this story before, and I kind of hate to brag, but in 2015 I had some kind of screwed up and tightened cashflow where I could not buy shit for bitcoin between about mid-January and about April or so.. and the BTC price was in the mid to lower $200s for much of that time. So sometimes I would have something like $20 extra come to me, and I would put half in my cash reserves and the other half into bitcoin So, $10 would still be 0.05 BTC, and so maybe I did that several weeks and then sometimes I would have a few hundred come in, so I would get $150 or so worth of bitcoin, so it might be 0.75BTC or something like that, so it would add up and even had some periods, where I could not really spare anything extra, but then suddenly some cashflow matter would resolve, and then i would have cash for a few weeks from clearing up the matter.. so by July or August 2015, my cash was clearing up a bit more, and even over that whole year, I had seen that my cashflow had really sucked the whole time, but I still ended up having something like 12% more bitcoin at the end of 2015 as compared to what I had at the beginning of 2015.. so overall it was a good year even though my cashflow sucked through such a large portion of 2015.
No, in reality I am much further ahead right now of anything I had anticipated 2 months ago.
I think that is how my earliest days in bitcoin went too.. Several times, I set BTC accumulation targets, and matters worked themselves out in such a way that the ongoing and regular seriousness and focus of BTC accumulating payed off.
But on a rainy day filled with red candles, negativity bias can amplify into exaggerated downity.
Perhaps. I would not call a 8% drop to be that BIG of a deal unless we had already dropped 25% and then get another 8% drop to 33%.. or even when we dropped 48% and then another 8% drop down to 56%, then those kinds of numbers can be a wee bit depressing.
But hey, everyone has their depression points, even if it may seem to me that some thicker skin and fewer emotions would be preferred, especially since there will sometimes be quite considerable periods in which the BTC price does not move in the direction that you would rather have it move, and the longer that you are in, likely the more BTC you have stashed in order to create a kind of natural preference for UPpity.. but still might not complain if you have 10BTC, and you are able to pick up another .5BTC because the price dropped 50%.. but sure, you would have rather NOT have the BTC price drop.
Thanks for reminding me of my Maths & Sciences J1G, but I only had one merit to give and I thought wxa7115 made the more meritable observation. Maybe I'll remember to get you an extra one later...
Of course, it is not any kind of BIG deal to me, and just having some back and forth interaction can be helpful to both of us and perhaps some other members too..
Tired of Red, now where did I put that Green?
-Cope
flip a coin... that might equally be as effective in figuring it out....
Poll
