Every 1 or 2 weeks over the course of 5 periods starting in the next couple days, I plan on purchasing 10k worth of BTC at a time. In the end, I will be spending 50k. I have already made up my mind that BTC and Blockchain technology is here to stay for the long run, and I believe this fully.
what are your technical reasons for entering
now? just based on the idea that the market has fallen far enough, and this is
probably a good entry in the long run?
My only reservation is that 50k is a lot for me, and losing all of it would hurt. Logically speaking, I would never lose all of it because BTC will not go to 0, but it is possible for me to lose a large portion of my investment, which would also hurt but I would stomach easier.
what do you mean by
lose? do you mean cutting your losses and leaving the market, or holding a declining portfolio? if you're hesitant to hold through a bear market, you might consider waiting for a bull market to appear.
i'm a long term bull too, but i'll concede this market could still fall a lot from here.