A post from an obvious bitter loser like this causes me to speculate that maybe the bottom is in?  hm?  go figure.  hahahahaha


I don't know how anyone can really know when the down momentum is going to stop.

Sure there are theories about Not trying to catch a falling knife - so it can be difficult to know what kind of a strategy might work under such circumstances.

Personally, I attempt to just let the chips fall where there will because by the time you notice momentum and try to adjust to account for such momentum, the momentum may well only continue for a short period.. and.. just catch you doing the opposite of what you are supposed to be doing.

Any of us can also get caught talking out of both sides of our mouth..

I have not really been shy about having my buy orders $1k apart for quite a long time.. gosh the last year and a half?.. but sometimes there could be justification to spread those out a bit more.. and maybe even make them $5k apart.. and then just let the chips fall where they will.

Accordingly, a good spot to have bought may well have been above $35k.. out of the theory that the 100-week moving average would not get breached... but then once it was breached, then that did contribute to some cascading in which buying every $1k might not have made sense.. and whether we talk about every $5k or every $2k or $3k or even $10k as better spread adjustments, it is not really easy to know, even though there had been a bit of justification that if $35k were to fall, then a certain amount of additional downity momentum would follow from that... but then at the same time, not even that was guaranteed, and personally, I don't even feel bad for having had bought at each $1k increment between $30k and $35k - and so far none of my buy orders below $30k have been filled... even though the price has gotten down to $29,731, so far.. but there could be some justification to just suffer and remove some of the buy orders below $30k and to lump them at various points..

Within the past week and really even before the break below $35k, I had already restructured my buy orders and I had even decided to keep my pre-existing $1k increments (even though I adjusted the amounts therein), and at this point, I still am not feeling any compelling reason to make any further adjustments to increase the $1k increments.. and another justification is that the lower the BTC price goes, the $1k increments is constituting a greater percentage of the overall price as compared to when the BTC price was in the $40ks, $50ks and $60ks.