"Averaging down" is not a good strategy. Avoiding bitcoin completely is the best strategy. There is zero indication that we will ever reach an ATH again, and in another few weeks, people will likely be wishing that they had sold at $350!
Wrong. It is best to follow a strategy that is not based on emotions. This means buying low and buying high.
In the end as long as an ATH is reached again, which it will, you will profit tremendously.
HAHAHA DELUSIONS! IT WON'T.