Quote from: Harlot on Today at 08:47:03 PM

Quote from: TurboAMG on Today at 04:43:38 PM

Quote from: Harlot on Today at 04:20:41 PM

Based on how you currently described your situation my guess is what you are trying to say is if averaging down with cryptocurrency is possible? If that is what you are asking the question is it depends on you. Are you willing to take a paper loss and still continue to buy the same asset for a better margin of safety? If you are you can average down right now and hold Bitcoin at a loss temporarily. Keep in mind that this is really not a common method since people tend to the what is best which is shorting the crypto asset which aside from giving you some profit you will also buy them at a cheaper price with a bigger capital from your gain. If you have the ability to short crypto assets right now I would recommend you on doing that.

I am prepared to ride it out with a few crypto's and Bitcoin at this point as times are looking more positive than they have been lately. I'm trying to flip my Neo and buy back in in as well

Well if you are prepared to ride it out based from your findings you gave in the OP I'm afraid that's a bad way of analyzing price predicting, you are more speculating rather than do any kind of analyzing itself. Just like how people predicted that Bitcoin will FOMO just because of the halving, and we all have witness that nothing spectacular has happened. This is just one example of one kind of event doesn't lead into some price action that's why you should not always stick one event and assume it will benefit the price.

Well, the reason I am sticking with it is because I trust in Neo. I did sell some earlier today which was a good move and I am currently waiting on a dip. I have been trying to get better on reading the charts too though but I don't know how helpful they can really be as Bitcoin itself and obviously Altcoins are so volatile. I've been trying to find trends but have been unsuccessful Undecided