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Michael Zogot
@michaelzogot.eth
The harsh truth about investing is that if an asset has fallen by more than 80%, it will be extremely difficult to break even. To make a profit of 50% of the initial value, the asset must rise by 650% from the current price - and that's not even counting multiples. Therefore, without averaging down, the recovery process will be very difficult and long, and for some coins - even impossible. In such cases, it's sometimes better to sell some positions and average down on more promising ones.
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