my lowest buy this dip was at ~24.5k usd. if this is the bottom thats close enough for me. it was a buy i had set up months ago and i actually forgot about it till it triggered.
ive been on cruise control for a long time and dont try to time anything. seems to work well enough.
so let's say for example, we had ladder buys all the way down to $28k-ish.. and we thought that $28k... would be the bottom.. but we had one or two saving grace BTC buy orders down to $24.5k.. so then in some sense we have run out of money that had been authorized for buying back BTC, but for me, I ran out of the money that had already been authorized for BTC buys when getting towards the lower $20ks.. but I added to my authorized amounts.
maybe I am talking somewhat out of my own experience because surely we may well be similar in the sense of having had considered BTC buy orders below $28k were not very likely to fill.. but then now we are in a space where they did fill... and you just left everything alone, and I set up some more BTC buy orders to buy lower.. or continue to buy on further dips, if they come, even though I had not previously authorized that money for BTC buys.
From my point of view, it is a bit of a dilemma - because I could just go into a kind of HODL status . . and then NOT use any of that previously not-authorized cash for further BTC buys, in the event that the BTC price dips more.. which may or may not happen.. down to $18k or $19k? 50/50 hard to say... Maybe it is just fun for me, and there is some kind of optionality to keep the buy orders going.. perhaps? perhaps? There is a kind of thrill to never run out of buy orders.. I will admit that part. but it probably is ONLY really objectively fun if the BTC price ends up bouncing back.. if it never bounces back (like Peter Schiff keeps telling us) those of us who keep buying BTC all the way down are really fucked, no?
i have since diverted some cash to more btc buys. did 25% spot at 21k, have 25% at 19.6k (prev ath), 25% at 18.2k and 25% at 17k
but if it goes uppity in any meaningful way in the next few weeks i will likely delete those and do 50% spot at that time (whatever it is) and the other 25% at a couple points a bit under that to catch any downsies. if it still goes uppity at that point i pull the trigger on a spot buy again.
when im out of cash or a few months go by with no real action ill reassess for the next period.
thats about as hands on as i tend to get nowadays.
nap time.