I'm keeping the champagne corked for the moment...
I've managed to lower my average buy price a little over the past few days - and more fiat still yet to hit the exchange (hopefully will clear tonight) - but I must admit I've been much more gunshy with this crash. Much more so than ones in the past.
3 months ago I would have thought of this as a fantastic "last chance" buying opportunity, now I'm not so sure.
I've been holding all through this one and only bought a little, but I'm honestly not sure I will buy any more if we do go sub 350.
I will be watching the bounce from this one very closely... I've stocked up on Coffee, Coke..... and bourbon.
Cheers guys, whatever happens from here i hope i get my monies worth...
I've managed to lower my average buy price a little over the past few days - and more fiat still yet to hit the exchange (hopefully will clear tonight) - but I must admit I've been much more gunshy with this crash. Much more so than ones in the past.
3 months ago I would have thought of this as a fantastic "last chance" buying opportunity, now I'm not so sure.
I've been holding all through this one and only bought a little, but I'm honestly not sure I will buy any more if we do go sub 350.
I will be watching the bounce from this one very closely... I've stocked up on Coffee, Coke..... and bourbon.
Cheers guys, whatever happens from here i hope i get my monies worth...
I think just being in it for the long haul is a better strategy. Don't get to worried about the prices over months. Look more at a 2+ year investment. Even great companies like Google (great cash flow, hardly any debt) has hard times intra-annually.
We cannot know the future. But we know the past and we can see the present.
What is the past? A couple of dips and strong rebounds over a period of several months. Price gets higher every time.
What is the present? VC money coming in. Merchant adoption. More positve press coverage. Lots of ATMs and increasingly so. Effort to list ETF on Wall Street.
What is the future? I don't know. But I can infer by knowing the past and seeing the present.
Probably one of the best posts on this forum. Just the facts and none of that "I think..." bullshit.