Current Bear Market is Worst Ever Recorded, Report Shows

GREE told to take a f'ing hike by NY

This is your cypto market 99% loss.

You know who the pimps here are.

 

But measured in fiat dollars
If you owned 1 bitcoin the high to low of the crypto winters are getting much more severe.
From the 2014 high to the 2015 low you watched about 450 bucks disappear.
In 2017 bitcoin made another new high then lost 15500 before it made a new low in 2018.
Now since Nov of 2021 until the end of June 2022 the value of a bitcoin has dropped more than 48,000.
Percentage wise the drawdown is less but cash wise you've watched a lot of money dissappear.

 

That's a lot of pizza.

 

Last few days I had a limit-order set on BTC etfs, and I see I just missed getting in today's sale by a few pennies. I would have been able to come close to halving my adjusted cost base.

Will see what I can grab tomorrow.

 

I kind of understand the dollar cost averaging thing. But why not wait for a turn around and dollar cost average on the way up?
If the price continues to fall you have dead money until it gets back to your purchase price.

 

You can average down until you only need a 1% move to break even

Good luck

 

World's worst advice ever.

 

IF - Is one of the most powerful words in trading/investing

I don't have a Pelosi crystal-ball, so unfortunately I can not time markets or pull off other similar feats.

IF there is a further decline, then that's fantastic.
IF it doesn't further decline, then at least I lowered my basis.


That said, I may buy up some more MSTR next month if it's still on sale. Saylor is doubling-down on BTC. Guess I'm not the only one trying that trick!

 

Graveyard is full of tricksters

 

I see we have different strategies for playing the market. Not sure if you want the market to go up or down but best of luck.