Re: New investor...Bought into market recently when bitcoin was $4600
Professionals buy into dips, it is called cost averaging
Of course it won't work if asset goes to zero
Of course it won't work if asset goes to zero
Buying into dips is NOT cost averaging.
Cost averaging is when you buy an investment at fixed price on a schedule.
Ex. Every week you buy $100 worth of bitcoin no matter what the price of bitcoin is.