3D thoughts
stronghands
I don't like greasy goose poop!!!
(This coming from the new kid, still FOMOing into every dip like dinner tonight is optional)
How could you be FOMOing into BTC price dips? You are just two months short of your one-year anniversary in these here parts.
In my thinking, the more that you grapple with a several BTC price moves over many months while you are attempting to establish and to follow some kind of BTC accumulation system, then the more that you should have some structure to your buys.. even if you are trying to be strategic in terms of buying on dips.
If the BTC price were to go down to $25k, would you have any dry powder left to buy? How about down to $20k.. yet that would be an extreme that many folks here seem to consider to be quite low currently... but not impossible?
Last May 2021-ish there were so many guys who ran out of dry powder by the time the BTC price got down to $50k-ish.. and for sure that would not have felt very good... saw a lot of that pain back then.. - even though we have had quite a few opportunities to make up for the lack of dry powder at earlier times, so long as some kind of cashflow is coming in.. so surely purchases of BTC could have already been made quite a bit in the lower, mid and upper $30ks... whether we will be going back down there or not... What are the odds?
Surely another cohort of BTC bullish folks were damaged when we have not had any price above $69k since November 9 - and surely would have been silly to believe that as guaranteed, even if it did seem to have decently high odds to go higher.. I do kind of regret anyone who might have been betting against BTC since November to have been getting rewarded for such bets, but none of us can control which bitcoiners - the bears or the bulls or the innocent get beaten up along the way.
One thing would be to have some kinds of ideas how much of a budget that you would have to buy on dips, if such dips happen right now, and another thing would be having such potentially severe dips play out for several months... and of course, your asserted angle that you are FOMO buying BTC means that you may well feel that you have been already adequately and sufficiently prepared for UP _ even if the UP has not really been happening as much as many of have been hoping.. especially since about November-ish.. that is already more than 4 months..
Have we NOT suffered enough?
By the way, Copetech, any bitcoiner who had actually accomplished much of his/her BTC accumulation prior to September 2020 would be hard-pressed to be asserting too much suffering - relatively speaking.... even though there might have been some traders who ended up screwing up that 7x price spurt that happens to currently be bouncing between mostly 3.5x and 4.5x... I understand that was not your situation, but it seems that each class of bitcoiners will end up getting their day in which they can feel like they are able to breath with a decent price cushion... and for sure any bitcoiner accumulating coins between late 2018 and late 2020.. would have been likely to have accumulated such coins on the average of about $8k or lower.... even if mistakes were made.. and surely those averaging $10k had made more mistakes in their BTC accumulation costs, but still doing well... not always easy to time buying the dip, exactly... and surely there might have been some guys who had achieved BTC buys averaging less than $5k or $6k during that late 2018 to late 2020 period, but not easy not easy.. and in that regard sometimes, just regular ongoing buying of BTC will still allow for being in a position to have decently strong advantages (especially compared with the nocoiners
(surely many of them are unwittingly pre-coiners), the bitcoin naysayers, or the fence sitters) because of BTC's ongoing asymmetric bet to the UPside.
