Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
⭐ Merited by ivomm (1)
Not planning to buyback unless it goes back to $4k which is pretty much impossible.
If you are even 50% sure about this scenario then plz buy some and forget about it, if not then Best of luck for your future endeavors.
He has painted himself into a logical corner, and he is not likely to buy back shit, even if BTC prices were to go back to $4,900, it would not be enough for him because he would still be in a loss, and then if prices were to go to $4,500, that would not be enough because it is merely just breaking even for him, and the price could go lower..., and if the prices were to go to $4k, then he would not buy back either because it is too close to $3,850 which means that the price could go lower... etc etc..
Yep. You got the picture. That's why I am only DCA'ing. I just erased my past bad memory. Starting from 2017 in 2020 again.
The only problem I see in that sensible plan... is that this is the second time you become a nocoiner:
Are you saying that in 2013, 2014, 2015 and much of 2016, you were not stacking bitcoin? Even if you had stacked a small amount of perhaps $100 per month ($25-ish per week), you could have stacked a decently sized BTC holdings by the end of 2016, no?
I had 2-3 coins in 2013. (or 2014, I know I had them before the crash) I managed to cash out just from the top price $1000. I bought myself an ipad and a nice vacation. Then I told myself how clever I was for dumping that shit at the top. LoL suckers right?
Now I am buying back those coins from $6k+, I even bought some at $15k few months ago. That's how I sold low and bought *high.
*only for now. This time I know what's going on.
** I also didn't dump shit at $20k, only buying more.
Whatever you do now, my only advise is that whatever plan you do decide to follow, you do stick to it no matter what... Otherwise I would not be surprised if you do end being a nocoiner for a third time.