Cleaning up the logic
As we all know yesterday was a red day for crypto and of course lots of people ended up capitulating because of the downturn, but it kind of shows, at least in my opinion, that we still have people thinking short-term among our numbers.
No matter how you splice it, 1btc = 1 btc and if you are playing the long game, btc has to be part of the plan. In other words, if btc drops 400,500 USD in one day, then it should not bother you to the point you sell and realize that loss.
This is no financial advice, but in my personal opinion all these drops in price are little gifts. They allow those who are willing to play the long game to accumulate, to cost average, and shake off all the people who still don't get it.
Until all the short term thinkers give up, we won't bottom out, and until then, I'll be grateful for the chance to buy btc, even if it is 10 dollars at a time.
Posted using Partiko Android
Agreed! I myself find myself thinking about buying some more soon. Still have some things to figure out as I may be moving but will look for opportunities to get more. $5 at a time is not bad to start with something!
Posted using Partiko iOS
I think we need to teach ourselves and the people we come in contact with how to invest with the intent of lowering volatility.
Moving all in and all out is just pure speculative gambling, and people out there seem to be doing this all the time. We need to enter and exit the market slowly. If enough people actually did this the volatility would go away in the first place.
💯 there edicted... We are possibly years away from it
Posted using Partiko Android
Trying to cost average as much as I could but the wife wants a new bathroom, so in the next 6 months there will be a lot of cost averaging going on from my side 😔😔
I feel for the people who are jumping ship right now... they'll regret it when we start going up again, which is inevitable. There's no other industry that innovates as much and as fast and with as many people to be found anywhere; it'll take more than a miracle to put this back into Pandora's Box... Hodl, cost average in, have patience; there's a no-fail three step plan Not financial advice, just sane reasoning 😉 😊
We're not even close to the bottom. Maybe need to half still.
Hello Friend,
I am trying to buy the dip
but it just keeps dipping...
so should I buy dip or not buy dip?
please give financial advice.
My advice is to buy peanut butter
Posted using Partiko Android
Is this financial advice ??
I think the opportunity for al
Thank you so much for participating the Partiko Delegation Plan Round 1! We really appreciate your support! As part of the delegation benefits, we just gave you a 3.00% upvote! Together, let’s change the world!
Hi @meno!
Your post was upvoted by @steem-ua, new Steem dApp, using UserAuthority for algorithmic post curation!
Your UA account score is currently 6.118 which ranks you at #272 across all Steem accounts.
Your rank has dropped 1 places in the last three days (old rank 271).
In our last Algorithmic Curation Round, consisting of 430 contributions, your post is ranked at #7.
Evaluation of your UA score:
Feel free to join our @steem-ua Discord server