thinking of buying more. do you think this coin will reach 3k again? i bought some at 17k.
i really like the concept of this coin but others are saying this coin will die fast.
altcoin trading is hard than stock market haha
Cost averaging is generally your friend.
An example would be if you doubled down at current price of 7k, your average cost would drop to 12k per coin.
If you bought 2x the initial amount which you bought at 17k, this would effectively lower your average to 9.5k I believe.
You increase your risk of losing more money if it drops, but if it rises to 9.5k you would be able to break even if you chose to exit at that point.
Ask yourself what your reasoning was at the time you invested and then from that, form your next plan of attack. You have many options available to you when it comes to recouping your losses.
The most important thing is to stop listening to others and form your own opinions based on your own research.