Stacking Satoshis

in #bitcoin7 years ago

bitcoinchart.jpg

Another week, another autobuy. Let's review the data and see what's going on, now that I've conceded that the best way to buy Bitcoin is to just buy it every week on Wednesdays in the evenings. No more timing, trendlines, or even calls...I'll leave that to people smarter than me.

Returns by Day Chart

bitcoin change by day of week.jpg

Wednesdays continue to be the worst performing day of the week in terms of price changes. The "Up/Down" day chart updated looks as such :

updays.jpg

I'm still watching to set up an auto buy on Sundays should conditions change.

New Baseline Formed

bitcoin.jpg

So with this week's auto buy at $8,322 USD, my new weighted purchase price basis is now $8,835 USD. Still in the red, but hey, I am stacking satoshis, you know? I'll skip investing in bananas and HODL, HODL, HODL. As always, thanks for reading.

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