Post
Topic
Board Speculation
Merits 2 from 2 users
Re: Buy the DIP, and HODL!
by
Odohu
on 19/08/2023, 08:57:22 UTC
⭐ Merited by JayJuanGee (1) ,vapourminer (1)
After one of our conversation when you said you have small percentage of your money set as buy order even below $20k, I actually adjusted my limit orders too to capture the $24k,  $26k and 28k zone where majority of the orders were as I felt price might soar from that zone. I am happy to tapped from your wealth of experience.
I don't get a lot of pleasure from my buy orders getting filled, yet I usually consider them to be offsetting the negative news in which the BTC price ends up dropping and frequently dropping further than we really think that it will...

it is kind of like making lemonade out of lemons.. with the assumption that you did not want the lemons, but you will still try to get some kind of benefit out of them...

and like you said that if we end up setting these up correctly, we can achieve a bit more of a kind of emotional neutrality - even though I doubt that we can really completely achieve emotional neutrality but having preparations in place for a wide set of scenarios does seem to take off some of the severity of the bite.
I understand you very well. My excitement is primarily because the adjustment made me to gain more Bitcoin than I would have had if I had bought at the market price then. Initially I was planning to market execut when price lingered so much around $29400. But adjusting the orders lower in anticipation of a little dip following that discussion made me gain as much as 11% of Bitcoin. This is the reason for my excitement.
Anyways, what matter most at this point is buying Bitcoin within the levels it is as that to me is a wise decision. Bitcoin is heavily under-priced at the moment so any entry point within the zone is fine.