All going Pete Tong now - Coinbase is down.
Crypto Currency - Believers Only
But the dips.
Binance preventing trading too. I’m trying to buy more Shiba and it won’t let me. It absolutely reeks. Wouldn’t surprise me if it is freezing people out so only a select few can buy when the prices are low. My overall wallet is bouncing back up
Inflation fear + HF market manipulation = fire sale
JFC - Ethereum has bounced down and back up 500 quid a coin twice today already. My heart!
Averaging does not make sense. I’d rather lose an average of £1 per share on 10 shares than £0.50 per share on 30 shares.
Seems pretty clear you simply can’t trust any of these platforms.
benson If you bought 10 shares for a quid and the price dropped to 50p a share, and you bought another 20 shares for 50p each, your average price would be 67p so instead of the stock having to go back up 50p, it only needs to go up 17p to break even.
Cost averaging is a foundational investing technique that has worked since stock trading began. The only way it won’t work is if you invest your money in companies that won’t go back up 17p a share (which begs the question did you do your due diligence before you invested in said company).
The downside of course is that more of your capital is tied up so there’s always the theoretical cost of missing out on some bargain elsewhere but that’s the chance you take it you don’t want to lose your money.
I guess you don’t need a coffee in the morning to get your bowels moving in this lark.
Watching the graph turn into a ski slope this after noon.
Wow, some absolute bargains today and a chance to go long on Bitcoin at a nice entry.
Awesome 
Wally “The only way it won’t work is if you invest your money in companies that won’t go back up 17p a share (which begs the question did you do your due diligence before you invested in said company).”
I think that’s the point I’m making. By firing up more capital in magic beans you will lose more. Even if the loss per share is less. You have more shares.
but you guys have all done your due diligence abd these puzzles that serve as both useable currency and a sound investment that simply can’t go wrong or indeed down in the long run is a sound place to invest your fiat.
Where there’s pain, there’s gain!
Cost averaging can be useful in certain contexts.
But academic studies have shown that over the long term in the stock market it’s probably better to lump sum invest rather than drip-feed, for the very reason you cited earlier Wally: Time in the market beats timing the market. You want all your capital working for you, not having some of it off the table.
but yeah, it can have some practical uses in my opinion fwiw.
I think that’s the point I’m making. By firing up more capital in magic beans you will lose more. Even if the loss per share is less. You have more shares.
Sure. There’s always the possibility that it will continue to go down but there are ways to mitigate that risk. You can wait until it hits the bottom and starts going back up (which sounds simple but to do it properly requires using technical analysis like relative strength index (RSI) and exponential moving averages (EMA) to get the best answers for when a stock truly is bottomed out and on the up tick again).
And all those tools are done thing you use every day and what you did your phd in are they?
if you want quantitative analysis get a quant in.
so many people at early dunning Kruger states are gonna get burned. But you’ve done your due diligence
They really aren’t hard to use tbh. As pointed out above by Hursty, some people just don’t want to do the work that would lead to them getting burned less and burned less often.
(Having said that, we’re talking about stocks here. I don’t think TA has much use in crypto)