Post
Topic
Board Speculation (Altcoins)
Re: The real crash starts after Aug 1st
by
D2Entertainment
on 15/07/2017, 22:25:15 UTC
I just started trading, 2 months ago. Currently, I am still waiting for the basic price or the best price according to the information I get. Although I lose almost 40% but I still HODL.

Give me a suggestion that you think is good, the scenario of what would happen after 1st August? What should I do, wait until what happen after that or buy before that day?

If you're considering buying at this point in time, I would recommend determining the total amount that you'd like to put forth between now and Aug 1st.  Then divide that total amount by the number of days between now and Aug 1st (or even add on a few days and make it Aug 5th or some date around then). Whatever number you come up with - let's say it's an even average of $100 - that's the amount of BTC that you buy every day.  You are then allowing yourself to buy into it more and more as the price continues to drop - as many think it will until at least Aug 1st.  In the event that the price stays around the same as it's at today, there's no harm.  In the event that it goes lower, you're averaging out your investment toward the current, lower valuation of a BTC. And in the event that it goes up, you've at least bought some amount at a smaller cost than if you had waited until later to buy.