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Spread your chances. Buy some now, buy some again later when it crashes even further. If it doesnt crash further, at least you profited from the current dip.
by Avalaxy 5y ago
Spread your chances. Buy some now, buy some again later when it crashes even further. If it doesnt crash further, at least you profited from the current dip.
- netrus 5y agoYou conveniently left out the scenario where it continues to crash, and OP looses money twice by following your recommendation. It's a casino.
- fighterpilot 5y agoI do like an amended version, which is to buy some now and then unconditionally buy some later, also known as dollar cost averaging.
- LudwigNagasena 5y agoJust like any forex market.
- patentatt 5y agoSure that makes sense, but why? By that I mean, if I'm evaluating stock in a company, or a commodity, I can reason about the investment in terms that I understand, or at least convince myself one way or the other enough to not lose sleep over it even if I lose money. But crypto? I've got nothing. Total shot in the dark. Completely blind. I can make arguments either way, and both seem equally valid, and both based on pretty much no reliable data. Not looking for an answer here, just venting really.