Peeps here do not have that kind of scheduling discipline
If I can buy back cheaper some of the coins that I panic-dumped during the last crash at 6K I am fine (panic about my missus' reactions, not about btc). Currently I have bids stacked down till $300. The honey badger will come back soon or later.
Whoaza!!!!!
You seemed to have made a kind of
non sequitur response. My earlier statement that you posted above was an attempt at a normative assertion, and to group label WO peeps who are obsessed with talking about me (or having a "special" day for such talk), as retarded.... hahahahahaha
Regarding, having bids down to $300, that seems like a BIG ASS waste of time and energy to maintain such buy orders, but I understand that we are in bitcoinlandia, and sometimes wild, wild west lackings in liquidity on some exchanges, so I suppose there could be some fluke flash on one or more exchanges and trading pairs that could cause you to profit a lot from having such outstanding buy orders (that aspect is like the lottery, but ties up your money).
Still, we do have several DECENTLY SIZED areas of buying support that are going to need to be broken through before we go down - which currently I anticipate to be at around $7,500, $5k, $3k and $2k... and surely there are some smaller support areas in between those DECENTLY SIZED levels. I don't really have a problem with having a certain quantity of money already on exchanges and dedicated to buying BTC in the event of price drops, but there seems to be a certain level of disutility in locking up too much money in that regard.
On a personal level, I do have actual orders set up in an area around $3.5k and I have a decent amount of money that is in reserves that would be available for prices going below $3.5k.... Yet, I am still anticipating that this time around, we are more likely in an early 2013-like scenario rather than an early 2014-like scenario, so in that regard, it does not seem considerably likely that I will need to use my money that is prepared for the below $3.5k--- however, if we break below the first DECENTLY SIZED support area of $7.5k, then it becomes more likely to consider those lower areas... and sure with the ongoing current downward price movement, breaking below $7.5k is becoming more and more probable. I understand that a lot of folks have not really been prepared for so much downward, so they contribute to additional downward price movements by selling at these price levels (rather than buying, like they should be doing - only so much we can do about others, but just attempt to prepare ourselves to take advantage of such situation as much as we can).
By the way, there does seem to be decent evidence for the argument that this whole ongoing BTC downtrend remains an opportunity to continue to purge alts, rather than any reflection on any actual problem with BTC fundamentals.