Buying all the way down from $1200 must have felt bloody horrible. Like silver stackers who started at $50 an ounce. So many cheap coins!
Nope. It did NOT feel that bad, and part of the reason is because of the quantity being invested was NOT very high. Surely, there were a few moments that i was a little concerned about the value of my overall BTC portfolio, but overall, I did NOT feel badly or have trepidations or second thoughts.. again probably because I had allocated the quantities of my investment towards bitcoin, and I considered dollar cost averaging to be the best of the available options.. especially in order to continue to accumulate coins in the event that the market prices would begin to reverse.
But you said earlier that you had a lot invested in BTC. Also, you've been buying since $1200 and haven't caught the hint, yet. You must be in way over your head by this point.
Yes, too many details for little minds like yours to keep track, yet enough details for little minds like yours to grasp onto some irrelevant details in order to attempt silly-ass and distracting holes. I also said that I have less than 10% of my total quasi-liquid investments in BTC... and that I had doubled down around $600... Accordingly, a lot is relative and a lot is doubling down at $600 which had caused more difficulties to bring down the average price per BTC while BTC prices had continued to fall from $600 but have been largely stuck in the $340 to $420 range for a couple of months.
Yea, but what sort of s---coin do you have the other 90% in? Is that other 90% still 90% or is it now 10%
http://www.youtube.com/watch?v=ZIcnBccjgMwI mean, you do realize that you are telling us that you not only bought at the absolute high, but also the proximate high. =S
More than 99.5% of my crypto investment is in BTC, so I do NOT really count any of the alts that I have as being significant in the whole scheme of things. Therefore I have less than 10% of all of my total quasi-liquid investments in BTC. The 90% of NON-BTC are largely in a variety of diversified index funds.. some are tax deferred and some are NOT... with some I have the ability to draw a quasi passive income and to potentially move around and with others I choose to merely let those investments sit (at least for the time being). If BTC becomes a larger portion of my portfolio due to appreciation (which I anticipate to happen at some point), then I will have to assess the extent I will consider reallocation and even potentially adding asset classes to the mix. Probably will NOT be a bad problem to have (once it occurs). If BTC does NOT significantly appreciate (which seems to be a fairly unlikely scenario), then I will just have to continue with my remaining assets, which are well within my ability to live comfortably off such other NON-BTC assets.