Not setting orders when overnight bitcoin fell I bought at $26K it was already a low point and a good "buy the dip" IMO.
I waited for the dip price for a long time but this time due to the market going down, I made an entry at that price, it doesn't matter if you get a buy order at $25.5K but at the price you bought it is enough for me, even though it's not about short-term profits but I want to accumulate to reach 1 BTC a little more, the current hope is maybe 30% for the portfolio to touch 1 BTC.
Yah, you are right though; it really made no much difference buying at $26k to $25.5k, owing to the fact that speculation was even high this month as most people believed that BTC was going to hit $32-$35k this month. I also felt convinced that we could see $32k this month. Like you said, $26k is also a good buy at the dip; perhaps it's a long-term investment and not just a chase for a short-term profit. I bet you are close to having one bitcoin already because 30% is just less than what you already had.
This is a good point Dr.Bitcoin_Strange. Sure, there may well be some advantages in terms of having some flexibilities in terms of where to place BTC buy orders, yet at the same time, we can get misled in terms to figuring out when the down correction is going to either stop or reverse... so time and time again, guys can end up getting way too greedy in terms of thinking that they can figure out a lower bottom and thereby failing to sufficiently/adequately prepare themselves for UP at any given price point, even if they might have ONLY executed a few buy orders between $25.6k (our current low) and $29k-ish (the starting point of our most recent downward breaking).
You are right, and I really do agree with you. Although my actions that day were just some kind of reflex action, where I never really gave any deep thought, my mind just said, "Place the order below $26k, and indeed it did work out; perhaps I was just lucky.