Hello,
Today I'm here to give you some advice on investment, you know when you buy a coin at an All time high and then it never reaches this price for a long time?
Well, this might be the answer for you. You can make the price you paid go down by Average downing.
This consists in instead of selling for a loss you start to buy the same coin at low prices. An example of this:
You buy 100 coins at 2$, after that the price retraces back to 1.5$. You buy again 100 coins this time at 1.5$. Now you have 200 coins, doing some simple math you will see that you have 200 coins at a Average price of 1.75$.
Now you will only need the coin to reach 1.75$ to break even on your investments, if you continue to do this you will bring your average buy price even lower.
This helps a lot in a bear market because you bring the price you payed down, when a bull market surges again you will have a lot more profit if it reaches 2$ or above than if you hold to that 100 coins for 2$ forever.
This simple math trick can contribute a lot to your success. So start averaging down and collecting some profits later.
Best Regards,
Cryptopeach