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/biz/ - Business & Finance

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26317019 No.26317019 [Reply] [Original]

I'm down $4k from buying eth at 1300 but I keep buying more of it the lower it goes

>> No.26317060

>>26317019
that's called buying the dip, grats on winning crypto anon

>> No.26317144

>>26317019
Your initial buy at $1300 was not the best idea but you're doing a smart thing by buying the dips, your average net cost will go down and once it starts going back up, you'll be in profit again. Just make sure to not buy close to ATH again

>> No.26317234

>>26317144
I literally did that with btc like a retard the other day.
Beginners excitement.
Just bought a bunch of eth and lto this morning tho, while its down.

>> No.26317264

Same, got too exited.

>> No.26317424

>>26317234
Best thing to do before buying is to open the chart on TradingView and zoom out to see the bigger picture. Then you can set some targets at which levels you want to buy. It's good to have a plan and not letting your emotions lead to buying at random times due to FOMO.

>> No.26317586

Honestly buying close to ATH is not the worst idea because once it breaks that psychological barrier it will pump. Just give it a few days/weeks.

>> No.26317672

>>26317586
How To Stay Poor 101

>> No.26317951

>>26317586
yeah I already know it will hit above 1400. eth will likely go to $2k+

>>26317144
retard

>> No.26317988

>>26317019
I refuse to buy over 1k. My last purchase was around 600.

>> No.26318098

>>26317951
I'm up over 150% on every coin I hold. You're down 4k. Who's the retard?

>>26317988
Smart

>> No.26318139
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26318139

>>26318098
>>26317951
kek

>> No.26318324
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26318324

>>26318098
>I'm up over 150% on every coin I hold. You're down 4k. Who's the retard?

>> No.26318343
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26318343

>>26317424
for some reason i feel like there's something off about the way I've configured my chart. does anything look amiss anon?

>> No.26318420
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26318420

>> No.26318515

>>26317019
You had months to buy at 600 or less anon

>> No.26318603

>>26317019
>>26317951
>>26318324
you're cringe af bro, no wonder u down 4k lol fucking poorfag

>> No.26318709

>>26318515
i did buyed at 600 8 eth worth

i have all my profits in LTO and back into eth after selling at 1400

>> No.26319121

>>26317424
Thanks anon, im slowly getting the hang of things. Unfortunately, im the kind of person who learns quickest by diving in and making mistakes. Until its tangible, any reading or research seems to just not be absorbed.

>> No.26320070

>>26317019

You're fine. Look up DCA dollar cost averaging if you don't already know what it is. Don't sell at a loss. This is how you make the moneys

>> No.26320334

>>26317144
Kys

>> No.26320956

>>26318324
u sure got him with that one bro