I usually do not care much about the Bitcoin price right now because I’m doing the old-school DCA (dollar-cost averaging) strategy where we just simply accumulate more BTC regardless of the price movement. This is my 3rd time that I have done DCA with Bitcoin, and it’ll come again in the mid part of this month where I usually have that extra “not beer” money per month to spare for buying BTC.
I’ve started last May 2022, but at a loss because I’ve bought it at a price of $30k. For June and July, I’ve bought them at $21k and $20k respectively, so I’m a lil’ bit of a profit for these prices. But I am not out of the woods yet though because of that loss in my first month. However, I’ll keep accumulating more Bitcoin as my goal hasn’t changed.
Well, if you are in for longer terms then that's strategy is fit for you but for those traders and short/mid term investors then they might need to wait for the price of btc to drop first before they start on purchasing it. That's right that the money that we should use for investing in bitcoin is the money that are not really that important, so that whatever happens with our investment, we won't heavily regret it.
Don't calculate your losses yet unless you have sold some of your bitcoins. What you are feeling there is part of dca'ing or rather part of investing, though that was normal because crypto investments are volatile but there is still a chance that their value can recover.