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Newbies in crypto often come across "dollar cost averaging" in their portfolios. What the heck is that? 🤔



It's like the average price of your purchases of a crypto. It reflects what you have spent per unit. Just like that.

Let's take a look:

50 $BMT a 0.10 dollars = 5 dollars
Other 50 at 0.20 dollars = 10 dollars

✅ Total: 100 $BMT for 15 dollars
➡️ Average cost: 0.15 dollars per $BMT

It seems that if it rises above $0.15, you are making a profit. If it goes down, well... you know.

This data is key. Hodl? Buy more? Sell? You decide. 🧠

Mastering this brings you closer to pro trading. Not bad, huh? 🚀🌕
BMT-5.02%
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