Thank You for commenting on my post. Lets say you purchased Cardano at .60 cent and now it's at .30 cent. If you purchase the same amount of Cardano now at .30 cent your average cost for all Cardano purchased would be .45 cent. This would be a .15 cent discount on the original Cardano purchased. I do this all the time. This is called dollar cost averaging. I have included a video sourced from YouTube below.
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Thank you for this detailed and logical reply. It’s great to buy more when the price goes down, and get what is a dollar cost averaging.
I usually do this with the coins that I really believe in.
But, Unfortunately, At the moment the whole crypto-currency scenario is looking so gloomy. Not feeling motivated enough to buy more at the moment.
Thanks a lot for your logical and level minded approach, I am feeling uplifted and hopeful after talking to you.
Good luck to you with all your cryptocurrency investments and all the best on steemit.
Upvoted and started following you :)
Thank You very much! I wish you the best with you Crypto investments. Have a great weekend!
Thank you. You too have a lovely weekend.