Re: [ANN - NEW COIN JUST LAUNCHED] *EarthCoin* Is Here To Make A Splash For 2014!
For those supporting the coin:
If you bought 10,000 EAC at 400 and you now buy another 10,000 at 200 your position to 'break even' falls from 400 to 300 iyswim? So now in order to make a profit the coin would need to go above 300, not 400.
It is a common strategy to buy in intervals as a coin heads down bring down your 'break even' point and also the point at which you make profit too.
If you bought 10,000 EAC at 400 and you now buy another 10,000 at 200 your position to 'break even' falls from 400 to 300 iyswim? So now in order to make a profit the coin would need to go above 300, not 400.
It is a common strategy to buy in intervals as a coin heads down bring down your 'break even' point and also the point at which you make profit too.