[edited out]
good job buying as the sky was falling.
Look at you? seeming to not be able to resist getting in a kind of non-substantive ad hominem attack. You don't even explain what was wrong with my approach. Are you saying (in retrospect monday morning quarterbacking) that there was something fundamentally wrong with my approach? Do you know enough about my approach? I don't really want to get caught up on this, except to suggest that you really don't have anything here, except some desire to get in a bit of a digg, for some reason?
you read sarcasm when there was none.
O.k.... Maybe my bad?
your approach which seems to be focused around the idea that you simply cannot predict price movements, there for you dont try, you simply let the price movements dictate your actions based on your avg price / % in / desired % in
Is the best possible approach as an investor.
There is some truth in how you are describing my investment approach, but it is also a bit inaccurate, over simplified and seemingly unnecessarily judgmental as well.
I have no problem with adapting my investment style to the extent that I determine is necessary to my needs and situation, and surely I have learned a variety of techniques over the past years.
In any event, my style is tailored to my own specific situation and my learning curve at the moment (what I know or believe at the moment), so anyone who tries to summarize my trading style in a few lines is likely going to get it wrong because it is also dependent on my view of risk and my other investments and my sense of the news, but yeah it has some consistent components, and even though I frequently praise my own investment style and attempt to share it, I doubt that I am really attempting to be dogmatic about my style even though I could give a ratt's ass if other guys follow it or reject it, but I still don't mind brainstorming about possible better approaches for my circumstances.
In any event, I am not trying to sell my approach on anyone or to say it is objectively "the best" for anyone, or even myself..... but I do attempt to tailor my approach to myself, so subjectively, i am attempting to play with an approach that works for my evolving situation, so for example, if I learn something different, I will adapt to the extent that I recognize that learning and believe that employing changes because of that learning is good for me at that time.
There is some truth that I am not attempting to predict, especially short term BTC price movements, but my BTC investment remains mostly stacked for long term upward BTC price movements. Whether it is "the best" or not does not really matter too much to me. For example, if I feel really good and secure in my investment, I may only make 6%, but then I may feel more comfortable with that secure 6% than if I were putting too much of my holdings at risk with the potential of making 20%, even if the 20% has a present expected value that is greater than the 6% that I am getting....
Anyhow, these kinds of considerations can evolve over time depending on the extent to which portions of my various portfolios are in the red or green and how my views may adapt over time.
By the way, I think that you personally have a bit of a difficulty too with my approach of buying on the way down and selling on the way up because sometimes you are suggesting to do the opposite and to pre-empt, and that just is not my style even though a lot of folks engage in attempts to preemptively strike, and it does not matter to me if they are more profitable than me in that approach, and I don't even really care if they do that approach, I am going to stick with my approach because I think that my approach is better for me - even though there may be some ocassion, here or there, that I may decide to attempt to preemptively strike with a portion of my holdings (but that would be the exceptional circumstance rather than my regular practice).
