JayJuanGee
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How much alt coin diversification is needed? 0%?


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April 24, 2014, 08:52:40 AM

Let's play a game:

"Things more exciting than Houbi."

#1. A rusty bucket
#2. Paint drying
#3. Grass growing
#4. Meditation
#5. Nail clipping

Feel free to join in the fun by naming things you think are more exciting than Houbi.

NOW>>>> as I type, ... volume is picking up on Stamp and bitfinex and the others are beginning to follow....  The price is dropping.. maybe $5 in the last 20 minutes...  HOWEVER... .how low will it go?  $470?  or $450?  Maybe I will buy a little bit if it goes below $450

You haven't bought anything the last 4 times it was at or below $450?




My practice has been to buy BTC in increments over time, and I bought several times while the price was below $450. 

my buying increments look like this.... if that means anything.

452.70
446.44
439.82
428.68
418.60
456.35
453.61
444.93
427.50
412.00
341.19
406.26
394.59
440.89
413.60
416.04
454.65

I ran out of fiat while the price was in the $300s, so I was only able to buy a little bit of BTC while the price was in the $300 price range.  I am O.k. if the price does NOT go below $450 again, but that price just happens to be my next approximate buy point. 

Of course, I were to be fairly certain that BTC prices will fall lower than $450, then I will wait for the lower price to buy at the lowest possible price, but as we know waiting too long can sometimes be a mistake because the lowest price dips seem to come fairly rapidly and do NOT last too long... and even if they last for a period of time we cannot be certain how long it will last or whether the price will be going lower.