#DBC# You can't rely on those methods that have already lost money to earn it back.
When I watch others trading cryptocurrencies, I notice they all have an obsession: I lost money on this coin, I must make it back here.
The logic behind this idea is as follows: buy more as it falls, it must have hit the bottom by now. During the decline, I keep buying, and in the end, if I buy enough, a 10% rise might just bring me back to break even.
This method is commonly known as the Martingale strategy.
But they forgot that some assets can go to zero. And there are many such assets.
If it keeps falling