Vanessa Williams
@fridgebuzz.eth
So Bitcoin is going up and up and up and I don’t know whether I should buy now or wait for a dip. Because maybe there won’t be a dip? Or maybe there’s *always* a dip? I meant to do dollar cost averaging and just buy a little each month but start now or wait? (I already own a tiny amount.)
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tim/vortac
@vortac
Also if you invest besides DCA a good rule is to set personal tops and lows and not try to match the market ones. You can’t. So you set a stop loss and a take profit and adjust that in a certain timeframe. I’ve experienced a few cycles now and a simple personal indicator are the following emotions: You think you will be rich when the asset does another 5-10x = def time to sell, You think the space is really done, complete bloodbath, we will never come back = time to buy 😆
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Vanessa Williams
@fridgebuzz.eth
LOL. That’s a pretty good rule.
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