Quote from: HardFacts on November 26, 2019, 02:04:15 PM

Quote from: cheezcarls on November 26, 2019, 05:07:58 AM

If you would have averaged your Bitcoin buys weekly, youd be up by almost 50% for the yearan impressive statistic that proves it is smart to spread out your buys.

Does averaging out your buys instead of going all in make for a better strategy? With making large buys, its about timing the market. However, averaging out your Bitcoin buys over a longer period of time has brought great returns for investors this year.

Full news here

I honestly do not know what to say about this guys, but dang! If only I can afford buying Bitcoin every week and having guts of taking risks in this unpredictable market, for sure I would be in profits by now.

However, do you guys agree about this one? Up to this date, most of the market move are in favor of the bulls than the bears.

Even the bulls are pushing the price higher, the bears are not slowing down in pulling it back. We are still up by the way. From over $3k last January and now hovering around $7.2k after this years high of almost $14k.

That 49 % number will quickly go down as the price of Bitcoin continues to fall. Looking back at a price graph and saying you should have bought starting in XXX date is very dishonest and unrealistic, most people will never get the timing that perfect... Saying you should have started to purchase in January 2019, after looking at the price chart history is easy 🤣🤣🤣 If you had purchased a bitcoin per month starting in January 2018 you would not have made as much money, or maybe even lost money.

The only thing that matters is what to do NOW... Looking at the price charts, it appears that Bitcoin will be going down significantly. The risk of holding a large amount of bitcoin is HUGE being how fast the price can drop, and considering that Bitcoin has zero intrinsic value beyond what some greater fool will pay for it. No one is buying bitcoin for " value ", people buy bitcoin hoping that the price will go to the moon, and hoping that they will get rich. The day that Mania ends, the price of bitcoin will go lower than anyone ever thought possible.

Hard Facts

in my opinion, it's the opposite the price of bitcoin can go higher in the next few months because of the incoming halving
it's not a baseless opinion but if you follow bitcoin price it always happens before or after halving