birkerk66
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Occasional Trader
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Then it is worth exiting the cryptocurrency market as a whole.
I agree regarding most options. But, when talking about eth, btc, and possibly layer2 altcoins of these coins - averaging is the basis. Because, if you are not sure about these two assets -
See original
I agree regarding most options. But, when talking about eth, btc, and possibly layer2 altcoins of these coins - averaging is the basis. Because, if you are not sure about these two assets -
GAMBLER'S TRAP: HOW AVERAGING REALLY WORKS AND SHOULD YOU PLAY WITH FIRE? 🎭
Earlier, I shared my strategy of averaging down — when the price drops, you buy more coins, reducing the average cost.
For those already suffering significant losses, averaging down seems like a logical choice, as the thought arises immediately:
💭 'I'm just lowering the purchase price, it's better than jumping into new trades when everything is already falling...'
For those already suffering significant losses, averaging down seems like a logical choice, as the thought arises immediately:
💭 'I'm just lowering the purchase price, it's better than jumping into new trades when everything is already falling...'
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