Despite the recent price drops in BTC, I keep on buying (smaller amounts)
bitcoin·@citizenkane·
0.000 HBDDespite the recent price drops in BTC, I keep on buying (smaller amounts)
With the drops we have seen over the last weeks (roughly 50%) it is easy to lose hope in the cryptosphere. None-the-less, I bought more over this weekend. Why? We are currently down roughly 82 % from ATH - do you think that means that BTC is dead longterm or just that we are losing momentum for now? If you originally threw in 500 $ you can now double your stack for an additional 100 $. If that is money that you can loose and you believe in BTC, you can now put yourself in a much more advantaged position. If it does go to Zero, you would lose 20% more and if does go to new ATHs, you will have the double amount. Of course, you should never do this if it is money you cannot afford to lose! Second of all, now COULD be a bottom. We are awfully close to the 200 week EMA which has acted as a bottom before, and that just so happen to coincide with us hitting the lowest part of the exponential moonmath rainbow.  If you read my previous posts, though, you will see that DCA'ing in is much safer than going all in in the current environment, so that will be my strategy for now. Good luck to all of you and take care.
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