900 would make musk the richest man alive, and when the market learns that it will meme its way up

How much did that cost you

I bought in at like mid 70s smh

Coinbase IPO soon.

I hate this company, the CEO, and the VCs that suck him off

average down on this dip

what coins are we targeting for alt season

I got
link, ada, xrp, dot, eth, uni so far

nothing just a thought. but its going for 4.10 i think.

thinking of selling btc and buying again at the dip

you got any money on the side?

link, xrp, and tezos for rn

@0 Coinbase is doing a ipo?

link

I have some more money in eth and xrp atm along with some savings so I’m not too sold on selling btc cause I got it pretty late so the dip would have to be big for me to come back in

ehhh sell half and let the rest ride for now, if you believe in btc long-term

I dont even know how averaging down works or what's the gain to it. So you intentionally sell at a loss to bring your position lower, with the idea that you'll gain...more in the long term?

I just read up on it

I guess that's essentially "buy the dip" in so many

no you don’t sell

if you buy litecoin at $105 and the price dips down to $95, your average will be $100 depending on how much you bought at the dip of $95. it’s called dollar cost averaging. probably the safest way to trade

lets say you bought 10 btc @ 100$ for 1,000 (avg cost is 100)

But then btc drops to 70, so your new total is 700. to get back to profit you need btc to get back to 100 because that is your avg price.

or you could but 10 more shares @ 70. So now you have 10 shares at 70 and 10 at 100.

so take 70*10=700 then 100*10=1000 take the totals 1000+700=1700 and divide the 1700 by how many shares you have, which is 20 and you get 85$

So now instead of waiting to get back to 100$ you just need to wait till it gets back to 85$...

to be short never go all in on something as volatile as crypto. Buy in 10% increments

SO got over my fear and bought BTC LTC ETH and XRP. We'll see in a year

Nexo up 500% in 3 months

I appreciate the help but I read up on it yall lmao

Dollar-cost averaging is an investment strategy that aims to reduce the impact of volatility on the purchase of assets. It involves buying equal amounts of the asset at regular intervals.

The premise is that by entering the market like this, the investment may not be as subject to volatility as if it were a lump sum (i.e., a single payment). How so? Well, buying at regular intervals can smooth out the average price. In the long term, such a strategy reduces the negative impact that a bad entry may have over your investment. Let’s see how DCA works and why you might want to consider using it.

Eth bout to have me stupid lit