Ok. Thanks for clarifying Wally.
I do agree with you to some extent; if you remain convinced of an investment case it’s better to buy more at a cheaper price rather than crystallise losses. The caveat to that of course being that it’s a pretty high conviction/ high risk strategy and you end up concentrating your position even further which hurts you from a diversification perspective.
you pays your money you takes your choice, as Mark Kermode is fond of saying…..
I am now the proud owner of 9.7m Shiba. When these hit £40k each I’m going to buy everyone a drink at Bedrock.
Inclined to agree with this.
mono-stereo or a blow job. The hamster-faced, sweaty gaylord chubster. Always preferred Justin Toper.
Holy moly even s&p getting hit.
All going Pete Tong now - Coinbase is down.
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)
Woke up this morning to two notifications from coin gecko ‘BTC surges $1000!’ and ‘$ETH surges $1000’. I was all ‘phew, glad things are sorting themselves out’
I then opened coinbase to discovery coingecko had forgot to mention things had plunged back down $1100 afterwards.
Notifications turned off 
All good in the crypto hood!
Are we saying Cardano is still the place to be? Anything else interesting on the horizon at the moment? Anything that doesn’t need PancakeSwap nonsense? I’m not interested in sniffing around ASS.
Wally Dare I suggest the floor has been reache
You reckon?
No idea tbh - could just as easily wake up tomorrow to find another bloodbath but ETH and BTC are both up 8% right now and it’s been a relatively calm morning. My guess is people have started buying back in at the discount prices.
Yeah most likely stumble around for the next 3-4 weeks from what I’ve heard then lift off again.
There is talk of the cycle being broken now and we won’t seen another blow off top like 2017 and subsequent crash. The main thing is, keep stacking small amounts and watch your portfolio grow.
Everyone here is still relatively early to the crypto market in general so the good times will roll.
Biggest confirmation it’s all good - Poloniex have turned off the <COIN>BULL accounts due to ‘technical issues’ (i.e they are dirt cheap and can completely bankrupt them if enough people buy in right now).*
Bastards
*Not financial advice or likely even close to being true
This made me smile - whether you buy into his theory or not, his ‘just turn off the computer, go outside and enjoy what you have’ advice yesterday was nice
Oh ffs (lol - fucking hope this is bullshit)
LOL
QAnon scenez
Whole market back down another 10% or so in the last half an hour.
Bitcoin down to $35k, just like the “anonymous” Reddit poster said it would.
Must be 800 billion pulled out of crypto now insane!
