Quote from: ecnalubma on December 05, 2019, 08:36:18 AM

Quote from: LFC_Bitcoin on December 03, 2019, 10:56:47 AM

Its always time to accumulate crypto my friend.

Buy MOAR !!!!

Cant buy more probably a lot of investors are already overbought.

Try to learn from your mistakes and do not over buy. Also try to use dollar cost averaging which would involve taking money from your regular cash flow and allocating towards bitcoin.

Of course, if you come across additional money, let's say $600. You might want to consider how to buy with that $600, and the method is up to you, but I frequently recommend to divide any new money into three, which in this case would be $200.

you might say, well $200 is not very much money blah blah blah.. but it all adds up, if you follow such a system on the longer term, then you can create systems in which you are both prepared for UP and for down and you do not overinvest or become too emotional, which seems to be part of the issue running through the sentiment of your post.

Anyhow with the three portions, you 1) buy $200 immediately, 2) DCA another $200 over a period of time, perhaps 6 months, but of course, you can choose another period of time that will become much more relevant to you, if you already have money stacked up in your budget for these kinds of DCA purposes and 3) set buy orders with $200 to buy on dips, and hopefully structuring such BTC buy orders that go way beyond your expectations of how far BTC might dip. Currently I have BTC buy orders that go down to about $4k, and I have a bit more money that I could restructure if it appears that BTC prices might go lower, and so if BTC prices were to go below $5,500 or so, then I am going to have to rethink some of my currently outstanding BTC buy orders.

So, as I mentioned above, you might think that this is not going to work because dividing into 3 causes the amounts to be too damned small, but that should not be the case if you engage in this strategy for a decently long period of time that would involve setting your BTC accumulation amounts (which should cause you not to overinvest) and then attempting to stay within your BTC accumulation amounts or at least maintaining such amounts once you reach it with DCA and buying on dips... and when you get better at it, then you just skim off small amounts of BTC if the price goes up and use that money for buying on dips, if they happen.

Quote from: ecnalubma on December 05, 2019, 08:36:18 AM

Wait more could probably the right term for those who overbought the dips.

Try not to overbuy the dips, but if you do, then you might have to wait a bit in order to get into a better position. Another thing that you could do is to sell a bit of BTC, and I would recommend selling small amounts when the price goes up rather than selling now out of hope for lower prices. You just have to learn NOT to overextend yourself and to force yourself into a position merely because you ran out of money too soon. Part of my philosophy is never to run out of dollars on the way down and never to run out of BTC on the way up, and yeah sometimes the price drops can last for so long and go so far that they become difficult to manage psychologically and/or financially, and accordingly, sometimes you just have to restructure your buy orders or your sell orders or whatever in order to put yourself back into a kind of neutral position (psychologically and financially). Of course, if we are accumulating BTC, then we prefer for the BTC price to go up, but with any investment there is going to be ups and downs along the way, and bitcoin is quite notorious for such high levels of volatility, so good to prepare for that ahead of time.

Quote from: ecnalubma on December 05, 2019, 08:36:18 AM

Most of us really want this bear season go away, but no matter how good the chart is our bull wishes dont happen easily.

That is correct. That is why we need to attempt to prepare for situations in which BTC prices overshoot our expectations.. and that seems to happen a lot in these parts, and likely not going to go away anytime soon. Part of the inevitably in bitcoin is price volatility, so each of us who gets involved in this space should prepare ourselves to the best of our abilities for such seemingly inevitable BTC price volatility.