Bitcoins

[TxAg]

ok.. be gentle..i'm new to this...and play normal markets rather conservatively..
in same scenario..but when dealing with a loss..your initial investments when its 'low' are now responsible for 'making up' for losses of your weekly at higher rates..
week 1 - buy in $400 at $10000,
week 2 - market goes up to 12000 - buy in additional $400 at $12000
Week 3- market goes up to 13K - buy in additional $400
week 4 - market drops to 11K -- you now have a -800 investment, and your week 1 is no longer 'profit' as it has to cover that loss..
(I assume you halt your weeklys till the market exceeds the last high point..other wise you are just adding to the loss column the initial is covering..)
again.. am i thinking about this way wrong?

https://www.investopedia.com/terms/d/dollarcostaveraging.asp

[RiverRat1]

Well if you are a gambler, Today is the day to buy bitcoin! Lets pretend I dropped 500,000 in there right now. In a month we will see.

Market value in early Feb 2014 was $534/share or coin. Today its $180ish?

Its a loss of 177 MILLION using his fairy tale # of 500,000

That's a hicky

LOL

$500,000 @ 534/share = 936.3BTC

Current value @ 12212 = $11,434,456

And now at $28,000 ?

I buy weekly in 400$ increments. Bought my weekly 400 this am.

I hope you stood fast and are still buying $400 each week. If so you need a very big congrats!


Just bumping this thread. If you read older threads you can see when bitcoin is dropping it's all doom and gloom, never coming back etc... Then it comes back with a vengeance each and every time (so far).

Use this and click on "all" then you can zoom in on any part of the chart.

https://coinmarketcap.com/currencies/bitcoin/