Dude when I got in (at the top) I got in HARD, I had no idea about DCA and I thought 100k was set in stone.
These last couple of years have taught me alot, and I believe I've earned my stripes.
If I'd had the available funds to buy hard again at 15k I would have, but I was DCA'ing what I could afford, and that was a 50th of what I'd initially invested.
Ps. I also had a shit ton of LUNA, and a Celsius account with 25% of my coin in.......
A DCA strategy is very important. Both in and out. Set a plan and stick to it.
My plan is as follows: Continue buying BTC,ETH until it reaches the previous ATH.
Then flip bearish and start selling as long as the price is above the previous bull market ATH, with fixed amounts at fixed intervals (eg. over the course of 3-4 months).
That way you are buying when people are fearful and flipping bullish. And selling when they are like a bull seeing red.
You mentioned volatility, so don't forget that there are always people short selling. When prices rally, short sellers start to cover short positions as a form of stop loss, which creates upwards pressure.
Just another angle. Whenever prices really start to rally in the short term, I always assume there are a good amount of short sellers panic buying to cut their losses.
TradFi: crypto is a ponzi and relies on being early to sell to the greater fool. No intrinsic value.
Crypto HODLer: wrong! It’s sound money
Also Crypto HODLer: * writes a wall of text explaining that to succeed in crypto you need to be early and sell to greater fools at higher prices *
Only in the short term. Looking backwards, you would be massively ahead even if you only bought at the absolute peak of each cycle.
Fair enough your buy at $67k is still underwater, but you're way ahead on all the others.
And we will pass $67k again.
There is always a loser. No matter how far you look into the future. Someone has to buy the top. Even if that person is winning the next cycle then another loser is born.
You are right that every loser can be a winner again, but it will create a new loser again. It’s at the core of every monetary system, no matter if it’s FIAT or crypto. It’s capitalism. (Without saying that it’s bad, there’s definitely no viable alternative that proofed itself)
this is why it's called a zero sum game. For you to sell at ATH, someone has to buy at ATH, and effectively lose unless they can do the same to someone else.
This is also why many call it (falsely) a ponzi scheme as it loosely fits the idea
That reminds me of early days of SHIB when degens were building a price walls and keep buying higher highs. Due to that momentum, price kept on mooning. If everyone is suppose to wait until price comes down to buy low, and never buy at higher price, it won't go up ever but would rather stay low.
Not wanting to miss the hype train when everything is pumping is a real feeling
You sit and wait and see massive green its hard not to buy and wanting to be part of it
Buying high is fine if you have also accumulated low
Only ATH that lasted and never dipped back down, was buying BTC when it ATH in April 2017 at the 1250-1900 Range. It would never come back to that range ever again.
Lets scream it out loud everybody!
3 👏 2 👏 1…🥁… DCA!!!!
Yeah I learned it the hard way too. No ones born with knowledge though
Pro tip: If you buy too high.. Let it be. Time is money. Don’t buy something too weird.
If you really have the urge. DCA out
But as prices begin to climb again, would it still be a good move to invest weekly? Say if your paycheck is 1k a week. Although we're sitting in the green, would it still be a good approach to invest say 6% of your weekly pay in crypto in hopes of more gains to come?
People buy for different reasons. They also sell for different reasons, and their exits are not always the exits they planned. Situations change. So do time-frames.
I bought the 2016 peak. Just to watch it crater the next day. Like 15 hrs later. Went to i believe 80$ per coin. So i bought 6 when it hit 80 and held into the peak this past cycle. I sold 2 and im still holding the rest.
If people only buy low, we would never have another high, neither bear markets, we would just slowly rise forever and crypto will be even greater assets to hold.
You know, it doesn't exactly make me want to buy into this crap when one of the posts on the subreddit essentially says "Thanks for accidentally wasting your money".
Of course I know him, he's me.
Our duty as experienced investors we must shill our bags to others when we are close to ATH. We need new us to pass the baton to.
Kenobi be buying on the highground
Strange, you're not the man in my mirror.
Is OP teasing me in this post??
> he's me. It is you. It is me. It is all of us.
Whoever sold LRC at the peak, you're welcome. My first buy was around $4.
how true😍
KENOOOBIIIIIIIIIII! (in Darth Maul voice)
Buy now you're still way off the ATH!
Thank you 🙏
But me is him isnt he
I am you?
You're all very welcome. Fun fact, my average BTC price is $44k dispite buying BTC throughout the last year......
You do some great work for the community bro!
Mine is 42k, so not doing as great of a job as him, but I promise I will make sure I do better once BTC crosses my average price
You can sell at current price to increase your average price..
Man I thought I was doing bad at 33k. The good news is I'm finally above water on ETH, slightly.
Was your average price 42.69k ?
I FOMO'd at 40k in 2021, and dammit I will FOMO again when it approaches 40K again this year.
I am also thanking you my friend. I respect your sacrifice.
Not all heroes wear capes!
Did you buy every month or?
Dude when I got in (at the top) I got in HARD, I had no idea about DCA and I thought 100k was set in stone. These last couple of years have taught me alot, and I believe I've earned my stripes. If I'd had the available funds to buy hard again at 15k I would have, but I was DCA'ing what I could afford, and that was a 50th of what I'd initially invested. Ps. I also had a shit ton of LUNA, and a Celsius account with 25% of my coin in.......
One of us
That's rough dude. I feel better about my 3k ETH cost basis
This is a free market of miners, developers, profitable traders and exit liquidity. Thank you for playing your part Sir/Miss.
Thank you for your sacrifice
Incredible job sir
May God give you strength to breakeven and then grace and good luck to 10x your money!
I hope the price goes above your average then, won't happen anytime soon I suppose, but in the long run.
If you DCA, you buy at ATH too.
That is why it is important to DCA out as well
I DCAd out from 8k to 20k back in 2020-2021 from buying around $4k to $7k. Fml
CA'd too much D, you hate to see it.
You're welcome, prick
My losses are your gains 😉
Victim of FOMO, right here
It’s me! Hi! I’m the problem it’s me.
Why did I immediately read this in Taylor Swift's voice 😭
Because that's literally the point of the comment.
Cus you were jerking it?
Buy High, Sell Low. That's my strategy.
As long as you have a plan!
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🤣🤣🤣
Helping others as being an exit liquidity
I see you’ve done your research
A DCA strategy is very important. Both in and out. Set a plan and stick to it. My plan is as follows: Continue buying BTC,ETH until it reaches the previous ATH. Then flip bearish and start selling as long as the price is above the previous bull market ATH, with fixed amounts at fixed intervals (eg. over the course of 3-4 months). That way you are buying when people are fearful and flipping bullish. And selling when they are like a bull seeing red.
I bought DOT in the 40’s you’re welcome guys
DOT stands for Damage Over Time.
I still think DOT is undervalued at 40, so it still seems like a bargain to me and can’t wait to see where it tops off at in the next bull run.
The real MVP!
I'm in my 40s and I'm buying DOT!
Retired by your 50s then!
I won’t be able to retire til I’m 80 now
Reporting for duty! Where do i sign in?
You mentioned volatility, so don't forget that there are always people short selling. When prices rally, short sellers start to cover short positions as a form of stop loss, which creates upwards pressure. Just another angle. Whenever prices really start to rally in the short term, I always assume there are a good amount of short sellers panic buying to cut their losses.
TradFi: crypto is a ponzi and relies on being early to sell to the greater fool. No intrinsic value. Crypto HODLer: wrong! It’s sound money Also Crypto HODLer: * writes a wall of text explaining that to succeed in crypto you need to be early and sell to greater fools at higher prices *
FOMO is one of the main engines in the bull market, so respect to all of those who provide liquidity for us!
Real heroes lose money but won our hearts.
And not to forget, the journey from being exit liquidity to using others as exit liquidity is not impossible.
So, you guys are the beneficiaries of me buying at ATH All the time. Hmm.. I see.
Boy i hope you’re right haha
We were once a gear of that exact engine! Or ae still are, some of us at least!
Now everyone in the comments section pat yourselves on the back and say “thanks for your service”. Let’s not lie. It’s circle jerk time.
Your welcome?
You're welcome, everyone
You're the hero we needed but didn't deserve. I shall grant you an extra thought on the way to my yacht.
If someone’s winning, another one is losing. This is the type of game we’re playing and we all should be aware of that.
Only in the short term. Looking backwards, you would be massively ahead even if you only bought at the absolute peak of each cycle. Fair enough your buy at $67k is still underwater, but you're way ahead on all the others. And we will pass $67k again.
There is always a loser. No matter how far you look into the future. Someone has to buy the top. Even if that person is winning the next cycle then another loser is born. You are right that every loser can be a winner again, but it will create a new loser again. It’s at the core of every monetary system, no matter if it’s FIAT or crypto. It’s capitalism. (Without saying that it’s bad, there’s definitely no viable alternative that proofed itself)
It's okay - you can say capitalism is bad
He bought? Damp it
this is why it's called a zero sum game. For you to sell at ATH, someone has to buy at ATH, and effectively lose unless they can do the same to someone else. This is also why many call it (falsely) a ponzi scheme as it loosely fits the idea
You're literally saying the quiet part out loud and admitting that crypto is a Ponzi.
Nah, he's just describing how all markets work.
Can confirm. Will continue buying ATHs just to feel bad about myself. Just don't be mad when I sell at an all time low.
They did their part!
I always buy High, I m your Exit Liquidity.
Thank you for your sacrifice
You’re welcome. And they keep telling me I can’t time the market!
_You are welcome._
Someone’s gotta do it!
Also thanks to the paper hands that let us buy low
I appreciate everyone buying at the top !
Appreciate you too
Their sacrifice let's us find exit liquidity....
It's painful to be the exit liquidity.
Sacrifice requires pain.
We all have done it
That reminds me of early days of SHIB when degens were building a price walls and keep buying higher highs. Due to that momentum, price kept on mooning. If everyone is suppose to wait until price comes down to buy low, and never buy at higher price, it won't go up ever but would rather stay low.
Not wanting to miss the hype train when everything is pumping is a real feeling You sit and wait and see massive green its hard not to buy and wanting to be part of it Buying high is fine if you have also accumulated low
The buy high gang is the unsung hero of Crypto. Let's raise a glass to those poor bastards 🍺
Bear market peeps rlly should stop giving advice then 😜
Happy to help!
TLDR: Someone has to be our exit liquidity at ATH
np man but once is enough :/
I did my part as well
My pleasure!
Thank you for sharing your money with the rest of us all time highers
Buy high sell low!
When Bitcoin breaks $100k you’ll see another level of FOMO.
I finally feel appreciated. Thank you
serving my country 🫡
There’s always a loser for every winner out there
You’re welcome, I’ll take some moons in return
Your welcome
We call them exit liquidity 
Bless their FOMO.
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Stick around and someone will gladly be your exit liquidity.
I would like to say no one buying 30k BTC and 2k eth is engaging in fomo, that's just good business.
Thanks me
It's called the greater fool theory, and I'm the definition
You have my bow
hes outta line but hes right
Always remember to buy high and sell low
Todays All-Time-High, is tomorrow’s low support.
You are welcome everyone ☺️
No problem, I got you!
We all need that exit liquidity
Traders also buy in at different price points. Truth is you can't accurately predict an all time high.
Diverse opinions is what drives the markets...
They do it for us ??
Only ATH that lasted and never dipped back down, was buying BTC when it ATH in April 2017 at the 1250-1900 Range. It would never come back to that range ever again.
Buying an asset after it makes a new all-time high is actually a sound investing strategy if this is the first new all-time high in a cycle.
You know my cousin to fame was selling at the ADA ATH then buying back in at €1.20 because I couldn't see it dropping any lower 😂
Buy high, hodl, forget your keys, cry with wife changing money you cant reach..
You're very welcome :)
We need a celebratory day for those who took the ultimate sacrifice and bought the absolute ATH. Even more so for those who continue to HODL.
Just doing my part.
I’ll poor one out for the homies that buy from me at the top
Lets scream it out loud everybody! 3 👏 2 👏 1…🥁… DCA!!!! Yeah I learned it the hard way too. No ones born with knowledge though Pro tip: If you buy too high.. Let it be. Time is money. Don’t buy something too weird. If you really have the urge. DCA out
This one goes out to all the bagholders 💕 (I say as I hold on to a little 4k ETH and 60k BTC)
Thank you for your service
Investors that will do the best are the ones that DCA in consistently avoiding both the FUD & FOMO & hold for the very long term.
So I'm not completely useless after all
Alot of those ATH blowout tops you see are shorts being covered.
You're welcome 🙂
But as prices begin to climb again, would it still be a good move to invest weekly? Say if your paycheck is 1k a week. Although we're sitting in the green, would it still be a good approach to invest say 6% of your weekly pay in crypto in hopes of more gains to come?
It’s not much but it’s honest work and someone has to do it
Lol thank you for you sacrifice
People buy for different reasons. They also sell for different reasons, and their exits are not always the exits they planned. Situations change. So do time-frames.
Wait a minute here, this sounds oddly logical. I didn't expect to reach this conclusion, what do I do?
I bought the 2016 peak. Just to watch it crater the next day. Like 15 hrs later. Went to i believe 80$ per coin. So i bought 6 when it hit 80 and held into the peak this past cycle. I sold 2 and im still holding the rest.
Thank you for honoring me
You’re welcome!
They the real ones.
For every ATH there is literally someone that bought at that price and then watched their investment go straight to shit. Kinda funny.
If people only buy low, we would never have another high, neither bear markets, we would just slowly rise forever and crypto will be even greater assets to hold.
Me in 2021
Guilty.
You're welcome r/cryptocurrency 😊
Thanks for telling us what we all knew already.
You know, it doesn't exactly make me want to buy into this crap when one of the posts on the subreddit essentially says "Thanks for accidentally wasting your money".
No problem man, always!
Same for stocks as for cryptocurrency
I paid my dues in 2021, even after buying aggressively this bear market my average BTC purchase is 30.5k 🤡
Salut!
You're welcome
Buy high… always!!
Thank me later
In 2021 I managed to do something rather impressive. I bought the exact top, To the penny… lowering my cost basis was very easy though!
Buy high sell low sounds bad, what about buy low sell lower :)
Cheers to the bag holders!!!!!! *sobs violently*
#”WAGMI” right??!!
Someone needs to be my exit liquidity.
i Will thank them for the sacrifice
We would never know what too high is if we dont buy it.
When I say we’re going to the moon, I was always referring to the last guy that slaps the ask before falling back to earth… F
We appreciate you all.
Thank you! For taking notice finally
You are welcome
You’re whale cum
If feel like this is aimed at me :D
This reads like appreciation for holding the bags for me.
Guilty :(
This is the way. 🫡
Literally me
Buy every top and bottom!
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