Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
I envy those that can actually trade the short term waves with enough consistent certainty to make a better long term profit than just holding. I'm not sure I've ever actually met one of those mythical traders, they might be unicorns. 
If aiming realistically and conservatively, it doesn't take a unicorn to do that. I guess more than a few such people are reading and writing these very pages. It doesn't even take a WO peep (well, just as a brainwasher maybe). Case in point: JJG's mom could do that almost in her sleep, but decided not to be bothered cause she prefers to enjoy life.
If you can learn the difference between a bear market and a bull market (hint: we are in a bull market) then you can trade for a profit. Dollar cost average in in a bull market. Dollar cost average out in a bear market.
If you cant tell the difference, then sit on your hands.
This is the opposite of JJGs advice because you buy on the way up and sell on the way down. The difference is JJGs system doesnt require you to make a judgment call. Mine does.
Hahahaha... That is probably a decent summary of the differences.
I do believe that my system does allow for a certain amount of overinvesting into BTC because it is a kind of fool proof that is good, whether you are a fool or not, and I would be too chicken-shit to follow your system because both I have little judgement when it comes to BTC price direction, and if I do develop judgement, my judgement tends to become so damned conservative that it would likely take me too long to profit from such judgement (in other words, my judgement tends to function as a lagging indicator).
In other words, as you have already suggested, I prefer not making any judgement when it comes to BTC price direction predictions, but instead, just doing, which "feels good, man." I also like to kind of over-invest in a system of buying BTC on the way down and selling small amounts on the way up that seems nearly fool proof, which has made me very, very rich....... and also provides me with decent downside insurance and upside spending money beyond my prior imagination.
