Is it bad that I don’t care what the price is?
Is it bad that I don’t care what the price is?
Like the title says I never really think much of the price. I buy $100 a month with the goal of reaching 0.1 bitcoin in the next few years. I am confident bitcoin will reach a million in the coming years. So my thinking is that when that happens and I have hopefully have my 0.1, the difference between me buying at let’s say $70k or $110k will be negligible. Anyone agree?
No your method is probably one of the best ways to not care about the price, I always wish I applied the same method, you will not lose in the long run. Buy when its 70, buy when its 80, 90, 100, 110, it doesn’t matter. You won’t have to worry about “oh what will the price be like”, “will the price go down this week”, etc. In the long run, say your average is 100k, you’ll be holding a good amount when its at lets say 200k. You can’t get liquidated or anything. I mean say your average is 100k, and somehow it crashes to 60k and hangs there for months, then you can keep buying and bring it down to lets say 80.
The difference between buying at 70k and 110k is a 63% increase…. always buy the dips