Thanks for your elaborate post, nice to see you have chosen to buy at a lot of different prices.
It seems your average buy price is not too high.
In that post, I only provided my buys for the last two months (February and March).
In about mid-November 2013, I was involved in a fairly informative discussion about BTC, in which the other person was bragging about his BTC return rates, and suggesting that I may need it as a hedge against the dollar.
I agreed with him that I was too overly invested in the dollar, and I reminded him that past performance of the BTC asset did NOT guarantee future results. He sounded a bit naive in his various views of the world including his expectations specifically regarding the direction of BTC; however, his enthusiasm and his various technical knowledge of the subject got me to agree that I would research into the matter. I believe that he had bought in around $30 or something like that.
Anyhow, he triggered my interest to research into BTC b/c I do NOT like to jump into anything too quickly before I kind of have some ideas about it.... and by the time I was getting more informed the price was skyrocketting. Accordingly, I began my investment at about $1200. I wanted to get some skin in the game, but I remained skeptical about putting in too much money at that price point.
So, currently, my average price point is about $644 per BTC (including various transaction fees).
I have not been buying continously, because I do not want to pass the point where I am overdedicated into BTC (where I would lose sleep over its price dropping or rising).
BTC is NOT my only investment, either. I have a variety of stock index funds and then I have some quasi-passive income from business (sometimes NOT as passive as I would prefer).
We may be of a fairly similar philosophy regarding NOT wanting to preoccupy ourselves too much with our investment(s). Since I got into BTC after a fairly major bull run, that timing has caused me to be a lot more attentive to BTC prices and issues than I would have been if I would have entered at a different time.
There is a sort of tension and balancing that has existed throughout my investment into BTC, and that is the desire to get some skin in the game, and the desire to attempt to buy at the lowest price (however, I did NOT want to wait around to buy, in the event that BTC prices were to move up to some next level and were not to return to current prices). Accordingly, I continued to buy with this in mind. Surely, if I had had a fairly high level of confidence that BTC prices would lower to any specific price point, then I would have waited for that price lowest price point and bought a higher portion of my BTC at that lower price point.
My funds are allocated in different currencies (not only Crypto, though I believe this is the future).
I have NOT really invested into any currencies, and only a few of the alt crypto currencies in very small levels (less than 5% of my total crypto currency portfolio is in alt cryptos)
To protect myself from my itchy triggerfinger buying more BTC I've set my next buy at 400 or below, discipline makes or breaks good trades
YES. I do the same about setting a price point to buy, and maybe it would be better to have a larger spread. Currently, I am thinking below $430 is my next buy price point; however, maybe I would still feel comfortable to set that buy price point at $420? I do allow my buy price point to fluctuate somewhat with the passage of time - maybe NOT the greatest strategy in the world, but allows me to accumulate BTC, which is part of my goal (I'm at about 49BTC, currently - that's including the floating value of my alts).
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