Post
Topic
Board Economics
Re: What are some financial secrets that you know of?
by
Nwada001
on 30/07/2023, 19:28:28 UTC
I get your point, and I happen to agree with it, but

If you happen to agree with me completely, there shouldn't have been, but..  Smiley

Quote
What if the person invested just for the three-week fund like you said and the price took a spike again?


I guess I explained this line very well in my previous comment, unless you misunderstood the whole statement. We should not only think of the positive part when making investment decisions; we should always think of it both ways and choose which one will be more favorable to us. If the price goes up above what you saw, which is $22k, and you happen to secure a few bitcoins at that price, you still did not lose; you still have some funds left, which you can use to go back to your normal weekly buying strategy. Or does your plan restrict you from buying it above the lowest price you last saw it at? If no, then you continue your accumulation.

The Only time I can see using 90% of that reserve fund to purchase at that price is if I have hope of adding more funds to it and the 8k is not what I only planned to use and buy bitcoin for the whole time, but it is just part of the money, then I can make an exception. If not, any time I meet the price is my entry price, provided that the money is mine and I am not borrowing it from anyone. I appreciate buying cheap, but I will not overreact to price dumps when making hasty decisions.