Quote from: thecodebear on April 10, 2019, 11:54:54 PM

We had 4.5 months at the bottom in the $3000s. Smart money was filling up the bags. But I saw plenty of people on here adamant that it would continue crashing to 2000s or 1000s or some ever said it'd drop to like $800 haha. I remember arguing with someone that people need to be buying the bottom ($3000s) to get the best deal, and he was arguing that its better to buy higher later on once it has started going up (makes no sense to me!).

So to all you who refused to buy at the bottom, waiting for a price that now obviously won't ever come, are you buying now? Are you still hoping for a magical 50%+ drop from these prices? Will you wait for like $7000 or $8000 or $10,000 before you start buying? What is your strategy now that you watched the entire bottom go on by are missed it entirely?

I think the fact that the markets were moving sideways and consolidating for that period of time down at $3k-4k, as opposed to the volatility we saw earlier on during the bear market should have been an indication enough that the bear market was about to bottom.

This is why dollar cost averaging works, even if you don't know whether or not it's the bottom, you don't miss out on the opportunity to accumulate.

I still think that for long term investors, even this level is a viable accumulation point, because if you look in the market right now you'll still see a degree of irrational fear that BTC will somehow just collapse altogether, which is keeping prices down. And since the long term outlook now is quite bullish, I would continue to accumulate for the long run, until we see the first signs of over-excitement within the market.