I've been buying a little here and there, too. I buy on the way down and sell on the way up...
I buy on the way down b/c I do NOT know how far the price is going to go down.... We have NOT even broken $420, yet.... so I am glad that I did NOT sell at what may be the bottom... but maybe we will get $410 over the weekend, before starting to move back up....
Isn't buying at $1000+ like, the opposite of buying on the way down?
That's when I started at $1200.... and then I have been buying when prices going down... yep.
You want to make fun out of that system?
How can you call it "on the way down" when you started at the very top? Clearly that $1200 purchase was waaaay on the way up.
Yes, that is when I started.. I bought 1.245 BTC for $1500 on Localbitcoin to start out.. Then thereafter I bought on dips... and mostly on the way down. It took me a little more than a week to set up an account on coinbase to be able to continue to buy on coinbase after that. So what's the problem? except for the fact that you are looking from your own perspective. You do NOT know anything about my total investment portfolio, my risk aversion, my reasons for getting into BTC. You want to criticize without knowing particulars.. for what reason? Are you trying to teach me something? to say I told you so? to say that I did something wrong? What's your point, exactly?
My point is exactly what I said, you didn't start by buying on the way down. Starting by buying on the way down would have put your first purchase at about $800 or something. It's easy to buy on the way down when all it's doing is going down, but be honest: if the bubble had ended at $2000, would you have been buying straight up to the top thinking it would never end?
Surely it is possible that I misspoke somewhere along the line; however, my point is that my recent strategy was buying BTC on the way down. That has been my preferred buying strategy... even though I got in towards the peak prices.
However, when I first started investing in BTC, in the end of November, I did NOT know how far up BTC prices were going to go, I was attempting to front load a little bit for the first month b/c I had NO idea if the price would keep going up to $2000 or whatever.... but it took some time to get my various accounts going (which ended up being my coinbase account for purchases)
So once my account was able to buy daily then I budgeted to buy several times during each day an allocated amount of fiat until I felt that I had accumulated somewhat of a stake into BTC. So I would try to buy at low price points during each day - and I had considered that as a form of daily dollar cost averaging, with front loading of my investment.
A little more than three weeks into my investment, right before christmas, I had accumulated about 13.5 BTC and my average buy-in price at that point was $764 and I had a little more than $8,000 invested into BTC. Thereafter I adapted my strategy a little bit.... but largely intended to be buying mostly while prices were on their way down. This practice has been pretty easy, since prices have been going down a lot between the end of December and present. I would sell on the way up, if I were to get sufficiently into the black... At this point, it seems that it may take a little while to get sufficiently into the black.. as BTC matters are currently progressing in a seemingly downward trajectory.
So does that make sense to you, or do you want to grill me some more to attempt to figure our whether I am pulling your leg.. or not following a sound practice or you want to criticize some thing that I am doing or to suggest that I am either lying to myself or incompetent or some negative motives or you want to try to suggest some other investment strategy or you are engaging in Monday morning quarter-backing?
In any event, hopefully, I have clarified sufficiently for you to understand my earlier statement(s).
By the way, What's your story? Do you have some personal investment details that you can share (sort of a quid pro quo)? Surely people have different investment approaches, depending upon when they got in, their risk profile, their other investments and maybe even depending on their reasons for getting in. Part of my original motivation remains my current motivation and that is to diversify or hedge my dollar investments. I feel that I have way too much of my total investments in the dollar.
