Is it good to do averaging to make profits in down market?

taiwww

sr. member

Activity: 588

Merit: 257

Quote from: mann1983 on March 05, 2018, 04:07:21 AM

hello in January 2018 all coins came down sharply. i have buying of upper levels so should i do averaging or wait?

We have passed the resistance level that was planned at 11.5K USD and it is wise decision to keep your investment little calm for now. The bitcoin is doing just fine for now and I would suggest you to wait for the next dip to occur before buying any coins. The dip is surely will be there as bitcoin has to be corrected one more time as far as I read over the forum. Thus, if you wait then you can do great averaging at little lower price than the current price. Its always great thing to reduce the risk as much as you could. Rest of your stagey was good as you bought at lowered values and now you are averaging your investment. Wink

aoluain

legendary

Activity: 2380

Merit: 1343

Absolutely, a lot of people bought into lots of coins at a high point
so in order to lower those costs it is best to buy more of the same
at a lower price.

Lots of people use this simple tactic as part of trading.

kerafym

full member

Activity: 224

Merit: 100

THE GAME OF CHANCE. CHANGED.

I think for now it´s better to buy cheap and then hodl it. But "myworkstrade" is right. You need to read whitepapers as hell to find the right project to hodl...and there will be one for sure. The market now is silent, but if we look at 2017 there will be much more market cap for crypto and this means more pump.

PonyBoy

full member

Activity: 313

Merit: 100

Quote from: mann1983 on March 05, 2018, 04:07:21 AM

hello in January 2018 all coins came down sharply. i have buying of upper levels so should i do averaging or wait?

Yes better to wait untill it get back to this price or fix u loose if its not much other way u just need to seet in investors long term and wait price back up

myworkstrade

member

Activity: 238

Merit: 10

YES, for me its good to do cost averaging if you aim for longterm hodl of coins. You should be study first and research what coin you want to hold for long time like take five years? Cost averaging is good if you have lots of buying power and also you should average down it in good price like buy in support area or in flat line area of that coin. Important is discipline, you buy it and make a guidelines for it before doing cost ave. The coin you must hold has good fundamentals and with large volume trades in the market. good luck.

mann1983

newbie

Activity: 60

Merit: 0

hello in January 2018 all coins came down sharply. i have buying of upper levels so should i do averaging or wait?

Topic: Is it good to do averaging to make profits in down market? (Read 113 times)