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Author Topic: New investor...Bought into market recently when bitcoin was $4600  (Read 1078 times)
Sir_lagsalot
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September 15, 2017, 12:45:11 AM
 #21

Not to kick you while you're down, but now is a great price to buy. The whales have dumped, and people are panicking. There will always be a way around China's restrictions, just like their firewall. Their miners are still active and thriving, who can sell bitcoin overseas. Buy bitcoin now and keep holding, and it will make back your losses much quicker.
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christian07
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September 15, 2017, 12:50:27 AM
 #22

This sucks. Did not see all this big bank propaganda coming, and when you mix it in with the chinese tyrannical govt its a recipe for disaster. I didnt buy for alot but im just glad i diversified my investment into other coins as well. Hoping things turn around. As you guys say... HODL!
this bitcoin drop is negative but this is also a positive in terms of trading because of this you can buy low now im sure this is going so high at the end of this year,if some chinese doing a disaster now im sure some people also doing some thing to back the higher price of bitcoin
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September 15, 2017, 12:55:21 AM
 #23

Professionals buy into dips, it is called cost averaging

Of course it won't work if asset goes to zero  Wink

Buying into dips is NOT cost averaging.

Cost averaging is when you buy an investment at fixed price on a schedule.

Ex. Every week you buy $100 worth of bitcoin no matter what the price of bitcoin is.
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