>>2510499Speaking of Lamy if you want in before divies now is the time because she is streaming tonight at 8 EST and will be streaming twice a day until after divies. Next dip won't be expected until her next off day.
This is also an important thing for Oshimen. Don't buy immediately after dividends. Pay attention to streaming schedules and buy in on off days after correction when the prices will dip. This also goes for those wishing to day trade as well.
Now for a new lesson. Dollar cost Averaging.
Say you are looking to buy into a position and hold it for the long term. As soon as you buy in you get bogged. You still want the coin but you are now in the red. This is where dip buying saves you.
Say you bought 1 coin at $10/coin. Then the coins crashes to $4. Instead of selling the coin at a $5 lose you instead buy 2 coins at $4/coin.
Now when counting coins or stock you don't count the price of the individual you count the price of the whole so instead of 1 coin you bought at $10 and 2 coins bought at $4 you have 3 coins that you bought for $6/coin.
Say it holds at $4 and you buy another 2 coins. You now own 5 coins you bought for $5.2/coin. Now say the coin moons back to $10 and you sell your original 1 coin you bought for $10. Instead of breaking even you will actually profit $4.8.
This is why boomers go on and on about Dip Buying and Dollar Cost Averaging.
