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❓ASK Average your investment at every drop of Bitcoin

Razor1911

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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.
 
Well what if you switch to bnb 10% up from 2 days constantly and strong targets about 522$ to be precise within 15 days , for that needs to break 460k level and 500$+ again
 
This strategy most times it is very useful to break even especially when there has been a crash in a market s experienced just a while back. The more you buy at lower prices and sell as the price goes up, the faster you recover your investments.
 
Its still another way to minimise your loss , but the only bad part is if bitcoin continues to dip without moving forward , then the two position might be big loss too, so watch the trade
 

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