Buying all the way down from $1200 must have felt bloody horrible. Like silver stackers who started at $50 an ounce. So many cheap coins!
Nope. It did NOT feel that bad, and part of the reason is because of the quantity being invested was NOT very high. Surely, there were a few moments that i was a little concerned about the value of my overall BTC portfolio, but overall, I did NOT feel badly or have trepidations or second thoughts.. again probably because I had allocated the quantities of my investment towards bitcoin, and I considered dollar cost averaging to be the best of the available options.. especially in order to continue to accumulate coins in the event that the market prices would begin to reverse.
But you said earlier that you had a lot invested in BTC. Also, you've been buying since $1200 and haven't caught the hint, yet. You must be in way over your head by this point.
Yes, too many details for little minds like yours to keep track, yet enough details for little minds like yours to grasp onto some irrelevant details in order to attempt silly-ass and distracting holes. I also said that I have less than 10% of my total quasi-liquid investments in BTC... and that I had doubled down around $600... Accordingly, a lot is relative and a lot is doubling down at $600 which had caused more difficulties to bring down the average price per BTC while BTC prices had continued to fall from $600 but have been largely stuck in the $340 to $420 range for a couple of months.
Do you plan to double down again if we hit $150? And $75? Serious question
I doubt that you are really asking any serious questions, and I believe you are engaged in forms of trolling and in attempts to denigrate BTC and BTC advocates. Yes, let's make serious plans about $150 and/or $75 as if it were a high likely hood... yeah right...
And, in any event, when people say (such as me) that they have invested no more than they are willing to lose, then of course, they are willing to lose that money and to ride it out if the prices were to sink slowly and without clear signs.. However, it does NOT mean that at some point I may sell if I believe that BTC prices are NOT going to go up. Currently, a large number of the relevant and material facts support the theory that BTC prices are being downwardly manipulated and that they are going to be manipulated in the opposite direction (that is up) sooner or later (probably within the next 1-6 months).
My plans and decision about what to do, exactly and how to invest and whether to invest, depends upon when and how and more importantly if such a BTC price drop were to occur. I have pretty high doubts that BTC prices are going to drop into the $200s again, but as I keep saying, never say never in bitcoinlandia.
Currently, I do NOT have enough fiat assets allocated to bitcoin to double down at those rates $150 to $75 rates.. if the unlikelihood of such were to come in the coming months, for example. However, if such a price drop were to come in the coming month, then I could invest a pretty decent chunk into it, maybe $10k or so, and I have considerable chunks of assets allocated to BTC that are coming available in the near future... I am pretty sure that I would be investing in the $200s, so I may run out of fiat by the time the prices were to get to $150 or to $75, if such unlikely events were to occur.