I had a bunch of buys that just took place the other day and then the price drops even more. Oye!
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Nobody can time the market, you have to have a plan of which levels you start buying at and how low you can keep buying and lowering your average and then based on your average you should plan out your sells... But you kind of have to believe that what you are buying will be more valuable in the future... I think things like gold, silver and BTC qualify. ETH also, but there is a risk that something else will take market share from it in the future...
Yeah, I had some soft targets for this cycle that I was going to start sellings stuff at. I felt like they were pretty conservative and not pie in the sky numbers, but we didn't even come close to hitting even my low points, so now I am just sitting here holding the bag.
I started selling BTC too early this cycle, now I am trying to get back into it starting at the levels I started selling. So I actually hope it will go a bit lower maybe down to 72 or so... ETH never got to my sell targets this cycle, but then I think the whole 4-year cycle theory is dead. Going forward BTC and crypto will be driven by global liquidity cycle just like stocks.
Yes, it is certainly starting to feel like that. It's going to be hard to find those proper numbers then, but I guess if you just have a plan and stick with it, things should be good.