th_s4m0ht on Nostr: There’s the long answer: you build a model of the price of bitcoin and then decide ...
There’s the long answer: you build a model of the price of bitcoin and then decide some rule of how much to buy the further below real price is respect to your model.
The short answer is: it doesn’t really matter, model will be wrong sooner or later anyway. Your cash availability is the most important part of the equation, “don’t go broke” is probably a good idea, hyperbitcoinization is still quite far away!
From a math perspective you are looking at the secretary problem: when to stop waiting for new prices and take the price? But again, this goes back to modeling the price
The short answer is: it doesn’t really matter, model will be wrong sooner or later anyway. Your cash availability is the most important part of the equation, “don’t go broke” is probably a good idea, hyperbitcoinization is still quite far away!
From a math perspective you are looking at the secretary problem: when to stop waiting for new prices and take the price? But again, this goes back to modeling the price