To whom went all in and now at -%80 unrealized losses

I am not going to praise you for hodling in these trying times. Instead I will tell you how you can lower your exit price on coins or tokens. We can't time dips. Nobody can. So you HAVE to leave some cash to bail yourself out. How? Let me explain.

Say you went all in in some coin or token. I know lots of people whom went all in and now they're sitting at -80% -50% unrealized losses. Doing this and HODL'ing mindlessly isn't the way to go.

>You bought x coin at 1$ for 60$. you have 60 xcoin that's worth 60$

>Market crash and now you're at -80% with 60 coins now worth 12$ a the price of 0.2$

Now you have to wait for market to recover and hope for your coin to reach 1$ JUST to leave without any losses. Many people are doing this. Either because they don't have any cash left or don't want to risk any more money. But that's wrong. If you buy again instead of hodling here. let's see what happens.

>You put in another 12$ at the price of 0.2$ for 60 xcoins.

>Now you have 120 xcoins worth 24$ at 0.2$. And investment increased to 72$ (60$ initial and +12$).

>If you calculate the price to reach your current coins's worth to 72$ you will find out that it's 120 xcoin * 0.60$ = 72$. Yes! just for 12$ more you lowered your exit point from 1$ to 0.60$. You can add more instead of adding 12$ of course. But we're talking about people who went all in and have nothing more left to spend.

That's why you ALWAYS ALWAYS leave some cash. Just to bail yourself out. And never go all in. always buy in a stair pattern. like, put orders starting from 1$,0.80$,0.70$ etc. that way you have the highest chances of making profit or leaving without many losses.

Edit;

Alright, let's address a few things. Firstly, if you know what DCA is, and have general knowledge about coins and tokens already. You literally don't need this post. I am trying to explain things to people who are new and went all in and don't know what's going on.

To give you some perspective, I have met a handful people who does crypto and doesn't know anything about DCA and put all their life savings in doge at 0.7$. Now I know a shitcoin can go to 0$. I know that Doge has unlimited supply and millions of doge are mined daily etc. The point you're not getting is, these men already put 10.000$'s of dollars at 0.7$ in doge and HOLO and CHZ and to other stuff. In my perspective DOGE will never reach 0.7$ let alone 1$. But I feel bad for the guys. and since some of them already burned -80% they won't take out their money no matter what. so in order to increase their chances of bailing out. I propose this to them. nearly all of them find it feasible since they're now convinced that doge won't ever reach 0.7$. There might be dead cat jumps. small bull pumps. just enough that they can bail out maybe not 100% of their money but there's a possibility that they can recover most of the initial investments. of course there's no guarantee.

If you already know DCA and stuff. you probably never go all in on shitcoins anyway and not even on major coins as well. I am trying to explain something that some people might find it useful. Just because you know what DCA is, it doesn't means that everyone knows about it too. and you can't make a post that just says "do DCA and you'll be fine." and nothing else.