To be honest, at this position of BTC, I think it can be time to start entering the market in batches.
The panic emotions brought about by this wave of plunge have led many people in the market to give up and lie flat. But if you think from another perspective, if you still recognize the long-term value of Bitcoin and believe that this industry won't just perish, then starting to dollar-cost average now is actually quite appropriate.
Even if it really drops to 60,000 later, if you control your cost around 70,000 through dollar-cost averaging, when the market rebounds above 100,000, the profit-loss ratio is worth it no matter how you calculate it.
Don't always think about getting rich overnight in the crypto world; keep a calm mindset. Treat it as part of your asset allocation, and approach it steadily like you would with financial management — this is the correct way for ordinary people to survive in the crypto market.
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BearMarketLightning
· 12-04 20:28
Well, there's nothing wrong with dollar-cost averaging, but the key is still having spare money.
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Bear Market Lightning Rod
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Most people simply don't have the patience to wait for a double; they cut their losses and run somewhere along the way.
Keeping a calm mindset is easier said than done—this industry is a real test of human nature.
Honestly, compared to dollar-cost averaging, what I care more about is whether you truly believe this thing will still be around in ten years.
Dollar-cost averaging sounds convenient, but in practice, you're betting on your own ability to stick with it—and that's the hard part.
60,000 is just a psychological price point; when the time comes, people will still sell.
To put it plainly, without enough capital to support your mindset, even the best strategy is useless.
The pros already went all in at much lower levels; there's no way we get to dollar-cost average.
Just treat this as a financial investment—don't expect to get rich. That's how I see it, anyway.
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Whale_Whisperer
· 12-03 10:17
I've heard about dollar-cost averaging so many times, but the key is I just can't stick with it, haha.
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QuorumVoter
· 12-01 21:50
The Auto-Invest trap mentioned is not wrong, the key is to withstand the psychological torment.
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BuyTheTop
· 12-01 21:49
Auto-Invest is indeed correct, but the execution is the devil.
Well, the mindset part is indeed easy to fail; I'm a reverse example.
With both Auto-Invest and asset allocation, it all sounds right, but a slip of the hand and I'm All in again.
60,000 will still come, right? Who won't regret it then?
Compared to Auto-Invest, I want to know how you determine long-term value; I can't see through it anyway.
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Oh, when it fell to 30,000 before, I thought the same way, and then... you know.
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It's easy to say, but when it comes to the psychological defense line, it collapses; discipline is still needed.
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The idea of asset allocation is not wrong, the key is to have spare money, which I don't have at all.
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Wait, what is your cost now to say such things?
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LiquidityWitch
· 12-01 21:23
The logic of Auto-Invest is fine, but I'm just afraid I won't be able to hold on until that day.
Really, the moment I see my account in the red is the most challenging for my mindset.
70,000 in cost sounds good, but the premise is that I have this spare money, right?
When it falls to 60,000, I really break down; this time I'm genuinely a bit scared.
You're right, don't think about getting rich quickly, just treat it like saving money... although I still often look at Candlestick charts, haha.
Auto-Invest is good, but the key is when the next 100,000 will come.
I've already averaged down; now I'm just waiting for the Rebound, feeling exhausted.
To be honest, at this position of BTC, I think it can be time to start entering the market in batches.
The panic emotions brought about by this wave of plunge have led many people in the market to give up and lie flat. But if you think from another perspective, if you still recognize the long-term value of Bitcoin and believe that this industry won't just perish, then starting to dollar-cost average now is actually quite appropriate.
Even if it really drops to 60,000 later, if you control your cost around 70,000 through dollar-cost averaging, when the market rebounds above 100,000, the profit-loss ratio is worth it no matter how you calculate it.
Don't always think about getting rich overnight in the crypto world; keep a calm mindset. Treat it as part of your asset allocation, and approach it steadily like you would with financial management — this is the correct way for ordinary people to survive in the crypto market.