If it's going to $100k, it really doesn't matter if you buy at $6k or $4k. What matters is if you buy at all. If you sit on the sidelines waiting for a lower price that never comes and then you miss the move back up, that's what matters.
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I can follow your logic there, and it is a good point. But it matters because I have a fixed and very limited amount of capital to invest. If I buy at 4K versus 6K, I can buy half again as much. See what I mean?
In any case, we are now at 5600 and still falling, down almost 30% in the last 24 hours.
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