I bought several altcoins where many of the value has fallen by at least 50 percent. Some even close to 80 percent etc. It seems like the altcoins price is more stable now at least a bit compared to months ago. Well bitcoin has been very stable lately. Now let say you bought several coins and each coin was like 1 dollar, 50 cent and 35 cent to make it simple. Now the coins are now like 60 cents, 25 cents and 15 cents.
If you buy more of the same coin now and the same amount moneywise... well if the prices goes back up, it doesn't have to go all the way back to the original prices where you would break even if you sell. But the price it needs to hit is a lot lower for you to break even so to speak. Do many ppl buy coins this way? Thus its like hey even though i bought lot of that coin at 1 dollar and it dropped in half, well if i get more now, well im getting that coin at a lower average price etc. But of course the price can even drop more and make it worst. Example you buy a coin at 80 cents. Then it dropped to 40 cents. You buy more because hey i can get it at huge discount. But price is around that 40 cent mark or even dropped to 20 cents. Do you buy more at 20 cents? My thoughts were hey it dropped to 40 cents... buy. But now it dropped in half to 20 cents. But if you buy and it drop to 10 cents, you cut your money even more in half.
For example you bought 1k token with one token price is 10 dollar.
and after token price decreased 10 to 5 dollar and you bought 2k token more
and after token price decreased 5 to 2.5 you bought 2k more
and after token price decreased 2.5 to 1 you bought 4k more.
I think that is the best way to accumulate . i am doing like that. with that way i am decreasing my average price and while price decreasing i am buying more coins
than i bought before. so with that way also if coin will be pumped 2x that means i am not any harmful situation anymore. i can take my money back with only 2x even that coin drops 90 percentage.
So ı am using that method. Surely if you will do something like that you need to trust your token. because that means day by day you are investing more money than before
.