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Averaging down is a great strategy but it can also be borderline addictive.

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by COINS NEWS 144 Views

Man do I love getting the average down on all my tokens. Taking advantage of times like these, seeing that number drop and puting yourself in a better position for the future has to be one of the most satisfying things you can do.

My problem is I think I'm addicted to it. I DCA each month on a few of my core favourites but through the rest of the month it can be a bit of a mess. I regularly sit and work out how buying X of a particular one will drop my price by percentage Y. I go further and then look how far this new price would need to climb to reach what I paid, 5% past it, 20% past it etc. All fees factored in as well.

This would usually result in my throwing an unplanned amount at a coin - most of the time an Alt - to try and 'better' my portfolio. The biggest problem is that my brain can't commit to a core few and stick to it. If I see a big enough drop of some of my lesser or one-off Alts I'll tend to still buy them. Good examples being EGC (gulp) and ONE (awaits abuse). I can't help it.

I rarely spend more than I can afford to lose. There are certainly occasions where I throw a bit more at crypto than maybe I should but it's never enough that would screw me over.

Does anyone else have this issue? Am I being as big of a plank as I think I am? Or am I actually winning dad?


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