I actually kept buying all the way from 1100 and all the way to the bottom. And then I KEPT buying on the way up until I was eventually back above water. Ended up with 3 times the coins I initially set out for.
Same. I kept buying on the way down, and some on the way back up. Until my average cost basis was ~$500/btc, and I ended up with 2.75X more than I started with. I'm still buying when I have extra money and will continue to do so.
Five years from now, people are going to be astonished that we were even talking about bitcoin at that price level like it was some sort of stress, or even today's price level.
That's why people should just buy some and hold for years, and don't worry about the current price. In the grand scheme of one's life and the miniscule level of adoption we are at right now, it's a silly thing to even worry about.
Currently, I am really cash flush - however, I attempt to NOT let that affect my ongoing systemic practice of continuing to invest extra dollars into bitcoin. Therefore, when the price dips, which it inevitably will, then that extra money that I had invected into my BTC fund is used for buying the dips.
Sure, we could go up another 2x or 3x from here, but I don't really stop what I am doing.. buying on dips and also injecting extra money into the bitcoin ecosystem. At the same, there is some life expenses that come up or even need for recreational fun money, and it does not seem to be any kind of major issue for me, at the moment because some of that cash is just stacking up and just can be spent - from time to time... as the need for hookers and blow arises..
