If you're worried about prices volatility than it's best to Dollar Cost Average (DCA) which is just buying alil bit every day or week or month depending on how often you want to buy, this just somewhat eases the emotional volatility of thinking you missed the boat. If you buy at 60k and it goes to 50k than youre going to be upset that you rushed in at "high" price but if bitcoin goes from 60k to 70k than you'll be upset that you didn't but more so it just makes it simple to DCA.

Reply to this note

Please Login to reply.

Discussion

DCA is great advice. Its surprising that humans haven't worked out their massive disadvantage in the investing lottery. The stock exchanges are run by robots with no emotion and near perfect knowledge and instantaneous reactions. And those behind the algorithms don't see it as a game, it is a job and they are only there to win. We can't possibly compete on that level, and hose that do are the poster children for attracting disproportionately more retail failures.

And letting emotion get involved in investment decisions is just inviting lottery squared.

Be like Bitcoin, tick tock next DCA, assuming you have regular funds that can be considered for savings purposes of course. 95% of the world doesn't have that luxury off the bat and has to sacrifice something to acquire their bitcoin. Another reason why BTC makes sense for the poor - to actually know their energy store is pretty safe from the inflation machine, another smoke and mirror invention designed to rob the unwaryl.