I started a specific thread and asked this question about it dropping below 100...people keep insisting it can't get any lower and I wanted to know why can't it...what's the actual reason or reasons it can't and it appears there's not one other than they think "it just can't" because they say so.
I don't mind arguing or debating or speculating what bitcoin can and can't do but I'm still learning and would love it if the ones who make some definitive claim or assertion would kindly add a statement of fact or reasoning before they hit the post button.
That all being said, I find this little meme best describes bitcoin's price. Once you accept this, you can still play and ride the ride but also know when to step off and go get a corn dog for awhile and let it do what it's going to do without anxiety or "oh shiiiiiiittttt!!"
My buying strategy is that there's a certain amount of money I tend to spend on frivolous bs, entertainment or whatever each month. I forego all that and use it to buy bitcoin. It's not a sentiment that I can afford to lose it or not, it's more a sentiment I'd blow this on crap anyway, usually one time shot things out of sheer boredom so instead I'll spend it on buying bitcoin at an intriguing price. If it drops to 0, it would've been gone anyway. It if shoots up, depending on range, I'll spend some and hold onto the rest. Even dropping to 190 range recently didn't freak me out. I hoped it'd go lower so I could buy more for less.
