I'm down a lot right now, but I'm not that worried.
I'm thinking if I should use more of my fiat to buy more now, or after this weekend... I'm not sure if we've seen the end of the dip. And I'm also wondering if I should even put any more money in just in case I'm wrong to not be worried and this whole thing goes down the drain. Thoughts?
Topic: If you bought BTC $1000+, You should buy MORE now (Read 1321 times)
All in or out is the best pig strategy.
Mixed with buy high and sell low = maximum tears
Mixed with buy high and sell low = maximum tears
Please read this. I learned this lesson a few years back with my first big investment of BTC @ 10 usd and went all out around $40. I should have pulled 25% out and left with my original investment and then saved the rest. IN which case that is a substantial amount of lost return. I have not made that mistake again.
What matters is Learning from mistakes, its the hardest part as we as humans tend to repeat our mistakes.
It takes a lot to break one's belief in himself to reach that point. Our ego's are primed through life to be all important, but at the end of the day, it's often responsible for our largest repeated failings. Sometimes, it takes being crippled to tears for it to accept defeat and enter the humble path of learning.
All in or out is the best pig strategy.
Mixed with buy high and sell low = maximum tears
Mixed with buy high and sell low = maximum tears
Please read this. I learned this lesson a few years back with my first big investment of BTC @ 10 usd and went all out around $40. I should have pulled 25% out and left with my original investment and then saved the rest. IN which case that is a substantial amount of lost return. I have not made that mistake again.
What matters is Learning from mistakes, its the hardest part as we as humans tend to repeat our mistakes.
All in or out is the best pig strategy.
Mixed with buy high and sell low = maximum tears
Mixed with buy high and sell low = maximum tears
Please read this. I learned this lesson a few years back with my first big investment of BTC @ 10 usd and went all out around $40. I should have pulled 25% out and left with my original investment and then saved the rest. IN which case that is a substantial amount of lost return. I have not made that mistake again.
All in or out is the best pig strategy.
Mixed with buy high and sell low = maximum tears
Mixed with buy high and sell low = maximum tears
But what if one was a piglet and bought all at 1000+ and now has no cash to buy? Bye-buy cost averaging.
Then the piglet will have to drink its own blood till the next recovery.
But what if one was a piglet and bought all at 1000+ and now has no cash to buy? Bye-buy cost averaging.
sssh- that's what i'm doing...
and i didn't even buy at 1000.
double win!
and i didn't even buy at 1000.
double win!
The genius of cost averaging is a great way to recover your losses quicker especially if you bought at a top of a high performing market.
If you bought at 1000$+ you should be buying even more now, here is a good article explaining this:
http://beginnersinvest.about.com/od/dividendsdrips1/a/low_cost_basis.htm
If you bought at 1000$+ you should be buying even more now, here is a good article explaining this:
http://beginnersinvest.about.com/od/dividendsdrips1/a/low_cost_basis.htm
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