I hadn't checked my stonks as work is getting crazier and crazier (and money should partly come with it, but I'm starting to regret my previous position where I could surf the web all day...).
Surely enough they're down too, not as much as BTC, but they hadn't gone up that much either (my company is a dividend company not a growth one).
I've had little time to figure out how to buy a bit more than my usual trading, to buy the dip, I just created an account on localbitcoins, any good/bad XP with this ?
I used to use LocalBitcoins for in-person transactions.. but they stopped the ability to do in-person transactions in the USA in about mid-2019.. so I don't necessarily recommend their other modes of transacting.. but maybe you are in a place in which LocalBitcoins can still facilitate in-person transactions?
I will requote you so that your image can be seen, since there's nothing wrong with the table of historical BTC "days above" prices...
Not sure why we give very many shits in this here thread about "live Elon?"
Still, you should buy when it starts going back up, NOT while it is going down.
I don't know about bitcoin (perhaps it is unique), but buying any other asset when it is going down is a sure path to ruin..you just never know when it is going to stop.
Well, if you mechanically DCA, maybe OK, especially for indexes, but then you shouldn't increase or decrease your DCA-ing based on your price perception.
The latter could be erroneous.
You have too many assumptions in your statement Biodom, and really it seems that you don't know what the fuck you are talking about in your ongoing hesitancies to actually act rather than placing so much emphasis on waiting that likely has not faired to well for you in the stocking up on BTC arena.
Maybe that is part of the reason that you had been spending so much time sitting on your hands between 2014 and now rather than just regularly buying BTC.
I will just state briefly that if any of us is in BTC accumulation stage, then we have to assess our own situations, and likely DCA is the most powerful of the strategies, and of course, that can be supplemented with buying on dips and lump sum buying too.. I am not exactly in DCA myself.. so my system is one of maintenance.. so even if I say what I did (buying down from $60k-ish to $35k, so far) that might not exactly apply to someone else who might not be even close to the same as me and including not being in a kind of maintenance stage....
I surely would not conclude that there is no value in considering various kinds of BTC accumulation strategies from what I am doing now and what I had historically done, so I do not necessarily assert that people should do exactly what I am doing, even though I attempt to talk about the various strategies of DCA, buying on dip and lump sum investing..
Now if you are referring to
my earlier post in which I stated that I had four buy orders fill between $39k to $35k in the last 24 hours, then your suggestion to wait presumes too much, and surely if you are going to give some kind of BTC maintenance or accumulation strategy, you might need to outline your suggested strategy a wee bit better and within a context.. to merely assert that it is problematic to buy on the way down and to buy on the way up instead seems to be filled with non-contextualized nonsense and your desires to just spin your own nonsense facts.. what else is new?...
Yeah, you want to suggest the timing of the BTC price market to get the best BTC purchase prices, but how are we going to know when to adjust our buy orders in that way.... without some context? and is that what I am doing? is that the point that I was attempting to make? Oh no you, Biodom, have a better suggestion, no?
For sure, there are various levels of need to study the BTC price and to attempt to predict direction (which i do not do that, even though that is what you are suggesting that peeps should be doing, right?)... I have asserted many times that I believe that it is quite difficult to predict short term BTC price directions, and it is even worse to temper your behaviors on such prediction attempts, and so my system does not really have too much of any component that involves either attempting to predict the BTC price direction or to create actions that are dependent on such predictions... As you likely realize I have created a system to avoid those kinds of futile attempts at price predictions, even though I play around with such price predictions as a hobby but my financial and/or psychological well-being do not depend on those price predictions playing out in any direction that I anticipate... and you know that.. but you continue to fight it.. right?
By the way, I am pretty sure that my buy orders between $39k and $35k were largely already set in early September 2021 after the BTC price went above $46k - otherwise maybe the one buy order at $39k might have been reset after it got filled in mid September 2021 from that correction that happened around that time.
In any event the system that I employ has a context and it is working quite well without your nonsense and mostly out of context second-guessing that I have continued to criticize your likely ongoing paralysis and failure/refusal to sufficiently stack BTC because you have ongoingly been so preoccupied that there might be a dip.. that does not always come to bear.. if we were waiting for your dips to play out, we likely would still be waiting at $10k with our hands between our legs or whatever you had been expecting the BTC price to NOT get above with your ongoing negativities that you try to later say that you still profited even though you failed/refused to sufficiently stock up BTC at that time and at previous times, and surely when we went on our 6x to 7x journey between September 2020 and April 20921 and again between August 2021 and November 2021... you were too busy thinking about down in order to adequately and sufficiently prepare yourself for UP... probably you were in the same level of paralysis in early to mid 2019 when we got our 3.5x appreciation from $4,200 to $13,880.
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