How many hodlers actually have less coins than they did four years ago? .
Corrections are a necessary evil, and whilst I hate seeing the value slashed, I don’t particularly worry about it.
In 2014, I was underwater by 60% and threw ‘good money after bad’... and bought some more Bitcoin and a bit of Monero (which was around 40 cents)!
Still waiting for the real dip.... muhahahaa (or weeeee x if I quote Gembitz)
Yep... exactly...
I had some spike periods of being greater than 60% in the red, too.. and just continued to dollar cost average into bitcoin, and currently, I have maintained my BTC investment around 89% bitcoin and 11% fiat... yet the 11% amounts to nearly 2x of the amount of my overall original investment.. furthermore, I will use that 11% fiat to buy back bitcoin, in the event that we experience any kind of decent sized correction.. but, even assuming that my 11% fiat is still totally invested into bitcoin, feels really good to have so much extra fiat that really amounts to more than 12x of profits under any even worse case scenarios... or cushion or whatever kind of flexibility, even if BTC prices fall to $2k or below, still a lot of profits, there.
I am still considering that less than $2k is pretty unlikely, and we are likely to get considerable UPwards price movement first...
or maybe phrase this in another way.. $15k and above seems more likely to be reached first before $4k or below.. but I do feel pretty prepared (currently) for price movements in either direction.
