I bought some bitcoin a long time ago, an amount that for me was modest and I could afford to lose, call it X. By 2018 my holding was worth 3X, so I cashed out X and was left with 2X value of bitcoin. I was really pleased, I'm not wealthy, at the time I decided I couldn't afford to keep risking one day possibly totally losing my X investment, and I was happy to just leave my 2X there and see what it became. I never planned to buy more bitcoin.
I've loved following it ever since and was amazed to see bitcoin hit $120k.
I'm still not wealthy, but the recent dip has got me thinking that it just seems clear that there'll be another spike again, and it would be foolish to not try my same tactic again, though this time scaled down.
So thinking of buying again, this time value Y, waiting until bitcoin value doubles, cashing out Y but having increased my overall bitcoin holding value.
Am I mad? I'm looking for logical opinions, not full on bitcoin bias ones, because I love bitcoin but I have to balance with it was everyday life considerations too.
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