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does averaging down actually work as a strategy?
| razzle pale station persian | 03/18/18 |
| irradiated well-lubricated toaster menage | 03/18/18 |
| razzle pale station persian | 03/18/18 |
| irradiated well-lubricated toaster menage | 03/18/18 |
| razzle pale station persian | 03/18/18 |
| irradiated well-lubricated toaster menage | 03/19/18 |
| razzle pale station persian | 03/19/18 |
| Offensive base | 03/19/18 |
Poast new message in this thread
Date: March 18th, 2018 6:45 PM Author: razzle pale station persian (http://www.autoadmit.com/thread.php?thread_id=3922286&forum_id=2#35633273) |
Date: March 18th, 2018 6:59 PM Author: irradiated well-lubricated toaster menage It depends on the asset in question.
If you know what the assets are and they produce a stream of earnings (or rent), yes.
Even in some cases where something does not produce anything, but lets say it costs $30 to produce a barrel of Oil - anything below $30 less costs of storage is a good thing to average down on. Same thing with a ton of Copper or an ounce of Gold where there is consistent demand.
It all goes back to demand for the good in question or ability to produce.
Now in the case of cryptocurrency...
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Date: March 18th, 2018 7:00 PM Author: razzle pale station persian so if an actual bottom has been set as a precedent in the historical trend its worthwhile? (http://www.autoadmit.com/thread.php?thread_id=3922286&forum_id=2#35633379) |
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Date: March 18th, 2018 7:05 PM Author: irradiated well-lubricated toaster menage it depends - from my look at BTC and ETH's chart, they are at a post euphoria phase in the bubble - this is where there is a slow bleed until everyone who was swept up in the mania sells (sort of like post-crash Nasdaq)
Now, during this phase one of two things happens: The asset in question collapses and drops to nothing due to the lack of demand
OR
Real innovation begins to occur and sustainable and tangible growth starts to happen. During this period in 2001-2003 or so you could have acquired Amazon, Priceline and Cisco to name a few companies which had been ludicrously overpriced during the bubble phase for a bargain, and if you held made life changing long term money
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Date: March 18th, 2018 7:48 PM Author: razzle pale station persian ty extrmely CR
ill give you the crypto space is 99% shite, so im consolidating everythign into value investments right now or into Nodes that are essentially bi monthly dividends
the problem as you touched upon is the mania did not allow for bottom price discovery for the shitcoins and/or most people have amnesia with the historicla bottoms of BTC/ETH
im just gonna average down the "winner" im consolidating for now and then killself if i lose everything in 6 months
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Date: March 19th, 2018 12:00 PM Author: irradiated well-lubricated toaster menage That strategy makes sense but be warned that it is still extremely risky due to the nature of crypto (http://www.autoadmit.com/thread.php?thread_id=3922286&forum_id=2#35637389) |
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Date: March 19th, 2018 4:40 PM Author: razzle pale station persian 180 (http://www.autoadmit.com/thread.php?thread_id=3922286&forum_id=2#35639475) |
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Date: March 19th, 2018 5:03 PM Author: Offensive base I am currently averaging down on Wmt, AMZN and XOM - shrewd? (http://www.autoadmit.com/thread.php?thread_id=3922286&forum_id=2#35639651) |