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/biz/ - Business & Finance

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10588009 No.10588009 [Reply] [Original]

>what if I told you, the price of bitcoin doesn't matter between 7k and 20k.

>> No.10588015

This is only true because USD doesn't matter.

>> No.10588017

matters enough for me to end my fucking life

>> No.10588021

>>10588017
That's only true because your life doesn't matter.

>> No.10588024

wat

>> No.10588025

>>10588009
I'm not good at maths, but they're kinda different numbers.

>> No.10588028

>>10588015
While true, there is another reason, if you're a smart investor.

>> No.10588046

>>10588028
Please tell me. ;_;

>> No.10588051

>>10588017
Correct. Most certainly doesnt matter to me. I fucked up everything because of the fucking crypto. But before I go, Im taking some of the faggots that made buy into this fucking ponzi with me.

>> No.10588064

>>10588009
I've dca'd weekly, anytime under 10k. After 10k I'm long hold

>> No.10588070
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10588070

>>10588046
Basic investing principles go very far. Most people "investing" are actually gambling. They don't have patience.

Time Based Dollar Cost Averaging. No matter between 7k, 5k, 3k, 20k, nothing matters, because if you TBDCA properly, your average cost will be below the "average cost" of what you're investing in. It requires both patience and foresight.

>> No.10588077
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10588077

>>10588064
>yes, gritchka?
>this nibba will make it
*beep*

>> No.10588103

>>10588070
what if you dont want your average cost to be just below the "average cost" of what you're investing in but to actually make serious money

>> No.10588111
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10588111

>>10588077
check em

>> No.10588124

>>10588103
Then you simply invest more when it's "in hell", or the lowest current point. You obviously can't be FAR below the "average cost" because it requires the price to drop to a certain number, but if you TBDCA and put your value in MORE when its lower then your average is below the average. The more you do this properly, the more you will constantly win and be in the green.

There's no way to "make serious money" if you're not playing with serious money, unless you invest in a random shitcoin after TBDCAing into bitcoin first, then hitting a nice 50-1000x.

>> No.10588135

>>10588103
also, to add, this is why you will constantly see 30-60 BTC buys almost consistently over the course of days/weeks after bitcoin drops. Smart, rich people are averaging.

>> No.10588137

>>10588124
got it
>>10588111
checked

>> No.10588148
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10588148

>>10588111
checked.

>> No.10588180

Tbh I'm quite unimpressed with the dump.
Looks like goyim are not quite selling.
Thought GS will push this at least below 2-3k.
This is pathetic.