RE: Probably a good time to buy some Bitcoin by jondoe

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Viewing a response to: @redpossum/q73lev

bitcoin · @jondoe · Mar 12 '20

When this blows over, it's going to go back up just as fast.

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@redpossum · Mar 12 '20

Oh yes, absolutely. I do most certainly agree with that. In fact, I still think we will see 100K. 

The question is how to recognise the bottom when it comes, and not get caught by the dead cat bounce.

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@jondoe · Mar 12 '20

If it's going to $100k, it really doesn't matter if you buy at $6k or $4k. What matters is if you buy at all. If you sit on the sidelines waiting for a lower price that never comes and then you miss the move back up, that's what matters.

👍 leo.curator

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@jondoe · Mar 17 '20

171.46

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@redpossum · Mar 12 '20

I can follow your logic there, and it is a good point. But it matters because I have a fixed and very limited amount of capital to invest. If I buy at 4K versus 6K, I can buy half again as much. See what I mean? 

In any case, we are now at 5600 and still falling, down almost 30% in the last 24 hours.

properties (22)