Every one has a price in which they tend to buy Bitcoin. For me personally it is 12 K, if I see Bitcoin below that and have money I see it as a oppurtunity to buy. Though this is not backed by any research, this drives my strategy.
I thought if we could collect all such opinions, we could arrive at a price which everyone thinks as normal. Because if you think about it, all pur personal opinions of Bitcoin increase or decrease the price (Barring instance of manipulations by whales
which we can't do anything about)
I thought if we could collect all such opinions, we could arrive at a price which everyone thinks as normal. Because if you think about it, all pur personal opinions of Bitcoin increase or decrease the price (Barring instance of manipulations by whales
which we can't do anything about)This strategy is flawed. Your strategy may be effective now but how about in the future, another target "normal" price? What if your "normal" price was just a history now? Then you won't buy more?
The basis for your strategy should be based from the percentage of drop in Bitcoin's price. Percentile pattern are always close to each other, IMO. Very much reliable that instantiating "normal" price.