Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Copetech
on 17/08/2021, 22:14:27 UTC
⭐ Merited by JayJuanGee (1)
(BLAH BLAH BLAH)
Why is it every time I fill an order we immediately get an additional 10% drop? I'm beginning to think I'm a negative influence on the market. 🤔

Possibly your orders are too narrowly spread apart if you are trying to buy on dip..

And, sure if your are in a BTC accumulating stage then there is another DCA portion of any reasonable and prudent strategy that should just buy BTC whenever .. and not get too preoccupied if you had happened to buy $200 at $45,500 or buy $200 at $44,800.. ..

In the whole scheme of things the exact place where you bought should not make much if any difference if you have another $200 coming into your discretionary (to be used for BTC) cashflow in the coming week or so.

By the way, I am not sure about from where you are calculating any kind of 10% dippening in our current actual BTC price dynamics.  Even if you had bought BTC near our local top of $48,190 from about 3 days ago, our so far max dippening from today has only gotten down to $44,521 which is around a 7.5% dip from the toppening to the bottomening..  

The so far BTC price dynamics (including our current dip status) is NOT even really much of any kind of down volatility to write home to mom about, yet.  right?  

Now if you are talking about the future and wanting to predict that we might get down to a 10% or greater BTC price dippening, then that could well be another story.. but that is not how I read your proclamation of having already had a 10% BTC price dip  (which 10% dips may well have not even happened yet since we started going up from $29k-ish in the past nearly a month since starting this particular UPpity run, no?.. edit: Whoops, I correct myself.. we had about a 12% dip from $42,500 to $37,200 between 7/31 and 8/4.. but that is our only decently-sized dip, so far in our current price run up)

Contemplated throwing in an edit right after posting.
I was posting based on Feelings with no fucks given about the actual Maths of the situation. wxa7115 actually called it very close to reality. I had come across some unexpected funds and set it into my dippening orders. Figured $45.5k was likely as low as I could reliably expect to fill, and when posting that exaggerated expression of my girlie emotional moment we were wicking down to $44.5k (Obviously not 10%, but damnit! I could had bigger crumbs!)

No, in reality I am much further ahead right now of anything I had anticipated 2 months ago. But on a rainy day filled with red candles, negativity bias can amplify into exaggerated downity. Thanks for reminding me of my Maths & Sciences J1G, but I only had one merit to give and I thought wxa7115 made the more meritable observation. Maybe I'll remember to get you an extra one later...

Tired of Red, now where did I put that Green?

-Cope