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RE: When Bitcoin falls, people panic. I'll explain what is happening, and why it's good.

in #bitcoin7 years ago

I'm not worried at all: in fact, I've been yammering about this year becoming a repeat of 2014. If I'm right, then 2019 will be a huge buying opportunity: an ideal time to dollar cost average.

To prepare for the possibility, I'm putting my ambitions on hold and focusing on paying down as much of my debt as I can. Exiting 2018 debt-free will put me in a position to take advantage of 2019.

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Oh, I love the link about your dollar cost average and the point behind it. Very good to point out.

Yes, especially if 2018 is a cruel bear and 2019 is a go-nowhere year.

I'm still kicking myself for not dollar-cost averaging throughout 2015 and most of 2016.