Best way is to keep buying so you lower the average you paid for your bitcoin so you minimize losses
who is spreading strange advices like this? I read it all the time
what is better?
a)
you bought 1 BTC at $1.000
begins to fall, so you "lower average", 1 BTC at 800
continues to fall , so you "lower average", 1 BTC at 600
continues to fall , so you "lower average", 1 BTC at 400
continues to fall , so you "lower average", 1 BTC at 200
continues to fall , so you "lower average", 1 BTC at 100
you got 6 BTC for $700 avarege ($3100 total)
WORST CASE (never comes back): you lose over $3.000
b)
you bought 1 BTC at $1.000
begins to fall, so you sell 1 BTC at 800 (lost 200)
it falls below $100, comes back, and starts a trend on daily, you buy BTC 29 at $100 ($3100-200=$2900)
WORST CASE (never comes back): you lose $200