Topic: averaging down - page 2. (Read 1585 times)
lol, this thread
My income is paid partly in Bitcoin. The amount is based on the market value in USD. When price is lower, I receive more Bitcoins. This will continue until I have cornered the Bitcoin market or price is so high that I have retired.
I have been buying all the way down to bring down my average buy price.
Right now is probably a decent idea, I am debating doing it myself.
Right now is probably a decent idea, I am debating doing it myself.
I used to try and buy at the right time during the lows, etc and ended up getting burnt. Now I buy once a week, every week, regardless of price.
Have a lot of you been doing this the entire time?
Debating doing a large purchase, but then again every time I have tried to do this well......look at the btc price history for the past year........ and of course the current decline since the last time we crossed 300
Debating doing a large purchase, but then again every time I have tried to do this well......look at the btc price history for the past year........ and of course the current decline since the last time we crossed 300
Make every decision independently of all of your others.
If you would buy now, forgetting the fact that you bought at a higher price, then buy. If you would not buy, but want to as you have bought at a higher price, don't buy.
What you do now and what you have done before are independent events.
Nope. I set a limit as to what I was willing to spend and how many coins I thought would make a difference to my life in the future if it really took off and stuck to it. If I want more then I'll earn it or trade for it.
If it dies, so be it. I'm not going to chase it downwards. The idea of spending more to reduce a loss doesn't really compute for me.
If it dies, so be it. I'm not going to chase it downwards. The idea of spending more to reduce a loss doesn't really compute for me.
Bitcoin is a perpetually declining commodity, due to miners dumping and whales shorting. There will be brief periods of pumping by the whales and early adopters, so wait until then.
Have a lot of you been doing this the entire time?
Debating doing a large purchase, but then again every time I have tried to do this well......look at the btc price history for the past year........ and of course the current decline since the last time we crossed 300
Debating doing a large purchase, but then again every time I have tried to do this well......look at the btc price history for the past year........ and of course the current decline since the last time we crossed 300
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