Nobody knows when the bottom is but we know the bottom is rather close or maybe even past the bottom yet. From technical analysis and research, my personal belief is that we will see at least one more chance of btc going below £21k/$26k
Sorry i’m doing this in GBP
Currently 1 BTC = £23k/$28k
Put in £6k over summer, setting 6 limit buys at:
19,500 20000 20500 21000 21500 22000
in £ ^
All 6 orders will be placed at 1k which assuming all are bought gives a nice average of around 21k. The lowest buy may never even reach that price and if it doesn’t, by august/september, whatever did not limit buy, I buy no matter what the price
Now this leaves 4k:
September - 1k October - 1k November - 1k December - 1k
10k spent in total
Assuming everything more or less went according to plan, I could accumulate about 0.3/0.4 BTC
Good or bad idea?
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