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Old 12-31-2020, 06:48 PM  
Idigmygirls
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Join Date: Jan 2007
Location: Vancouver, BC
Posts: 498
Why did I ever get it in my head that cost averaging for BTC purchases was the way to go?

Every day I add more, and every day I wish I had just added today's purchase to yesterday's so I could have made that additional profit

My thinking is that if/when there is a stock market crash, BTC will drop along with it; but, since new stimulus money is coming; and since the new administration will push for much more stimulus; and since gold is relatively difficult for people to invest in (relative to BTC that is); and since BTC and gold are really the things that investors think about when it comes to inflation hedges; therefore, BTC is much more likely to explode to the upside in momo trades until it actually does hit ~$100,000 short term than it is to fall substantially.

I think I'll just keep adding to my position every day as I have been....
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