So I keep DCA
and I have side cash to buy a 24240-23230-22222-21210 ladder dip down to 19190
Also mining as well
It's a bit ironic that your buys do not start until into the $24ks (more than $2,500 below the 200-week moving average, as
as it currently stands at about $26,925.
Of course, my buys are a bit lopsided based on my still having to recover from the UPpity trauma (on June 20 on BinanceUS) that I had experienced in accidentally coming across more cash (or cash equivalents to the extent that USDT might be considered a "cash equivalent") than I had expected...
Well after I bought back more BTC than I sold, my problem still included continuing to have both more cash and more bitcoin, but I still believe that since then I have remained a bit more lopsided on the cash side rathe than the bitcoin side, and so in that regard, I continue to have some preferences towards buying BTC sooner rather than later and therefore my spreads are not very BIG and there remain lopsided in terms of buying BTC.
Even if I had not had my little issue on June 20, I probably still would either be buying BTC well before $24ks.. but hey, there surely can be individual variations in regards to both how much cash we might consider that we might have in comparison to our bitcoins... and surely in your case through mining you have BTC coming in regularly, so you likely end up developing selling biases.
I supposed I could reveal a little bit more of my insider situation in regards to how the sausage is made (to the extent that it is not just a piece of fiction).. and to say that I had not removed any of my BTC buy orders down to $10k-ish (which I had largely ended up establishing between about June/July 2022 and November/December 2022, and I am being a bit abstract because it seems to me that I had to make several adjustments during that time, which also was to allow me to continue to add to my various BTC buy orders in order to have them to go down lower and with the passage of time, to increase the amounts that I had placed in the lower BTC buy orders.. so those buy orders are largely still there - even though I don't expect them to get filled .. .and with the passage of time, I expect to be able to remove them and for them to serve as extra money that I can spend at my convenience.. especially since I do not expect the BTC price to go down as far as I have those lower BTC buy orders set, but so far, the money is still there.. just because it is extra that I don't really need at the moment.
So after my June 20 "accident," I mostly went through all of the BTC buy orders from around $25k and all the way down to around $10k (and they are in about $500 increments), and I pretty much doubled the amounts in each of them, and then I looked at how much cash I had left, and I pretty much put that remaining cash into BTC buy orders between $26k and $30k (several buy orders that would not have otherwise been there.. and in order to use up that extra cash in case the BTC price drops.. but if the BTC price does not drop, I don't give too many shits, because I already have structured my orders how I like), and sure some of that extra money has been spent when the BTC price dipped to the higher levels of the range - down to $30k-ish and upper $29ks - but it seems that on June 20/21, the BTC price largely did a little stairstep escalation towards the UPpity.. and then the BTC price has largely NOT gone back below $29.5k in the past month....
A good thing? A bad thing? I think that I am largely in a position that I do not give too many shits.. and largely, the same as many of us expecting the BTC price to be moving up with the passage of time, but even in the long term, if we were to get stuck here (which seems unlikely - in part since the 200-week moving average still seems to be a thingie, and it is ongoingly and consistently moving upwardly.. around $14 per day)... to repeat...
currently at about $26,925.
What are the chances that the BTC prices are going to correct back below the 200-week moving average? If so how long would it stay there this time? How much are you going to put into those kinds of bets that seem to be less likely than other ways to structure your preparations?
Merely because we had experienced some flukes (largely between June 2022 and February 2023) and a large period below the 200-week moving average, it does seem a wee bit foolish to expect odds to be very great to again go below the 200-week moving average for either any enduring period of time beyond some flash corrections that may or may not end up happening... and of course, many of us who might have BTC buy orders below the 200-week moving average, may well not expect it to be very likely that they are going to fill, so the filling of those buy orders (if it were to occur) would likely not make any kind of BIG difference to our overall stash - except maybe providing some smaller levels of psychological and/or financial insurance in order to allow any kind of suffering (of downity) to be a wee bit less painful than it would be if those buy orders had not been there.
Poll
