Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Gachapin
on 15/11/2022, 22:48:54 UTC
For those that might be interested I bought in at $36,850 with nearly all my saving account at the time. I still have my Bitcoin have not sold any of it. Bitcoin either gets to my goal price or it does not. I will not be selling before then and I will only be selling a certain amount to pay off the rest of my debts and not all of the btc if it does reach it. I remember when I first bought the amount I was very nervous about any micro movement but it is strange how calm I have been during the last few weeks. I think I owe a lot of this to my wife she has been the most understanding person. Part of me is kicking myself because I invested at a price which is over double the current price but that is just life. You cannot predict everything perfectly and anyone claiming to have foreseen this drop months ago is probably lying. I have money coming in with my job and that has been enough to build up a emergency fund if anything went wrong with the house or our health. I think that is all I need and can wait for Bitcoin to go up to my desired price.

I might do some dca at this price

It's a good time (maybe the best) to dca the shit out of it within the next months.

As you probably know, it's normal that prices go down drastically after buying.  That could have happened at 10$/BTC, 100$/BTC, 1,000$/BTC or 10,000$/BTC.

A 50% loss is still moderate, if you take into account that we endured draw downs of 80%-90% several times on our journey.   (Buying at certain prices or not selling is actually the same in result)

I like your spirit.  It seems much stronger than the spirit of guys like mindrusttm who couldn't even endure a few % drawdown of his investment, and became a nocoiner because of it.