@Cryptopeach 26 June 2021 more from that month

Averaging Down: Best Practice for a Bear Market

Hello, Today I'm here to give you some advice on investment, you know when you buy a coin at an All time high and then it never reaches this price for a long time? Well, this might be the answer for you. You can make the price you paid go down by Average downing. This consists in instead of selling for a loss you start to buy the same coin at low prices. An example of this: You buy 100 coins at 2$, after that the price retraces back to 1.5$. You buy again 100 coins this time at 1.5$. Now you have 200 coins, doing some simple math you will see that you have 200 coins at a Average price of 1.75$. Now you will only need the coin to reach 1.75$ to break even on your investments, if you continue to do this you will bring your average buy price even lower. This helps a lot in a bear market because you bring the price you payed down, when a bull market surges again you will have a lot more profit if it reaches 2$ or above than if you hold to that 100 coins for 2$ forever. This simple math trick can contribute a lot to your success. So start averaging down and collecting some profits later. Best Regards, Cryptopeach