Hello guys. So unlike others I'm not a trader, although I can use a small part of my stash to buy low and sell high, but with BTC, high one day is low another day. If the stash is in fiat, it's still OK.
This month I decided I had too much fiat and wanted to put 30K€ (36500$) back in, 1000€ (1220$) a day. I started when prices were at 46-48000€ (58500$) so I expected to get about 0.66BTC, and now we're at 30000€ (36500$) so pretty bad timing, but 2 thirds of the way my average buying price is 35000€ so I'm pretty happy with that.
Do you think I should put the last third in ASAP and buy at the current 30K€ (36500$) price, or continue with the plan ?
I'm keeping some bags of cash anyway in case the price goes down to 20K€, 10K€, and if it goes below that, we'll see, I might go all in, or stop buying because something bad would have caused such price.
I usually plug any new cash into three categories: Lump sum, DCA and buying on dips. So you have to decide how to apportion the amount that you have. Sounds like you already have some allocated to buying on dips, so you would have to decide if you want to plug more into that category and the other two categories.
The total of what you do has a lot to do with your particulars and it is NOT only about your views about BTC as compared with other assets, you consider your ongoing cashflow, your other investments, your timeline, your risk tolerance and your time, skills and abilities to tweak along the way.
Of course, opinions are all over the place in regards to whether the bottom is already in or the top is already in and so many other variations, so how you invest can really become a very close impression of yourself and your views and how much you might hedge for a variety of possibilities while still being happy if the price moved against your hedging in one direction or another, so in the end, if you set up your amounts correctly, then you should not really have BIG concerns about if the BTC price goes up or down because you are taking advantage of its movement no matter what.