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Averaging, is the term used in financial market when you constantly invest money even when the price moves up or down to make it an average. For example, you bought 1 bitcoin worth 42000 1 month ago, and now the price of bitcoin is 36000. And you buy another 1 bitcoin now, So your average price of holding will be 39000.
This is a perfect strategy for short term bearish market. With bitcoin also, people are speculating that the price may soar any time, but in the contrary it is going down and down. So it's a perfect time to average out your positions and buy at lower price.
This is a perfect strategy for short term bearish market. With bitcoin also, people are speculating that the price may soar any time, but in the contrary it is going down and down. So it's a perfect time to average out your positions and buy at lower price.