OK Homer, I capitulate. If you somehow manage a themed hat I will wear it with pride.
Tempted to buy some, but I told myself for the first time to be disciplined and stick to a limit order 10% below ATL.
Perhaps the sign of the bottom reached, is actually myself. Let's see, happy either way.
I think that you are correct by 1) establishing your budget and your target buy points and attempting to stick to your plan and 2) assessing, from time to time, whether you believe that market conditions might justify that you tweak your plan to some reasonable degree. Frequently, there can be a considerable degree of ongoing tension regarding whether tweaking is prudent or just to maintain the original plan. Furthermore, the initial thoughts about tweaking might lead you to a compromise tweak, rather than the more extreme version that initially came to you.
My apologies JJG, double capitulated.
Seems like I am slowly going the Elwar way. Just can't help myself when at prices to be able to buy whole coins at once again.
[...] Bitcoin is a new emerging asset class, in the initial throes of price discovery. To attempt to time this market is madness. Price goes up; price goes down - you can't explain that. All we really know is:
1) whether or not the world knows it or not, it needs a permissionless uncensorable form of money free from the whims of central planners; and
2) a vanishingly small percentage of the world has yet awaken to postulate 1).
From these two, we can conclude that the long term trend is up, and will remain so until such time that the world at large is onboard.
Ignore the noise. Buy today all you can conceivably afford to lose. Hodl on.
Pit pat piffy wing wang wong.
I blame you jbreher! +1