Altcoins Talks - Cryptocurrency Forum

Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: Lighthouze on October 13, 2018, 09:57:29 PM

Title: Average Down Explanation Needed
Post by: Lighthouze on October 13, 2018, 09:57:29 PM
Guys, I need to understand the concept of averaging down in crypto, especially when you're at a loss. I hear a few persons talk about it as a strategy they adopted when a coin they've bought drops in price sharply. But it seems to me that more money is being invested in the process. What happens if there's further loss incurred after buying more, do you keep buying or simply stop? I need clarifications