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For example, if you invested $10,000 when the cryptocurrency was $10, and then added an additional $10,000 when the cryptocurrency fell to $5, your average cost would actually be $6.67, not $7.5 as many people think. This type of situation is very common in market volatility, and understanding how to calculate this cost is useful in managing positions. ๐ฅ๐ฐ
2_ The effect of compound interest is amazing ๐ฅ๐ฐ
Suppose you have $100,000, every day you can earn 1% and get out. If you are able to maintain 250 trading days a year, after a year the assets will increase to $1.3232 million, if this continues for two years, the assets can reach millions. ๐ฅ๐ฐ
