Bitcoin why does the average cost go up when i buy and why

Shaggy 141

01/09/2021 07:25

$Bitcoin why does the average cost go up when i buy and why is it ba?? so to reduce my average Cost or keep it the same it’s good to buy when it dips?? so the answer I’m looking for when do you know to buy when it dips ??? So it don’t affect my average cost??? hopefully you guys understand this time thanks 🙏🏾 for your help out there in this world

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All Comments(6)

ant***com01/09/2021 07:40

the price you see on the stock is the middle price between the bid and the ask. if you do a market buy, you are buying at ask price that right now its 1% over the middle price. so immediately after your buy you will be 1% under the middle price. that's because the spread between the bid and the ask is to big

ant***com01/09/2021 07:46

hopefully that's what you was wondering

ant***com01/09/2021 07:45

to avoid that, normally you set a limit buy. but the spread here is to big, so your order will take longer to get filled if it gets filled.

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jon***com01/09/2021 07:33

what?

Spartan Lawman01/09/2021 07:32

i.e., you buy one thing at $2 and another of the same thing at $1, your average would be $1.50. (2+1) / 2 = 1.5

StockLord01/09/2021 07:31

Just watch the peaks. were coming down now

Spartan Lawman01/09/2021 07:29

Because your average price is the average of what you purchase for. If you want your average price to stay the same or lower, you would need to purchase more at the same or lower of your average price.

Shaggy 14101/09/2021 07:46

thanks

Leif01/09/2021 07:29

At no point in your rambling, incoherent response were you even close to anything that could be considered a rational thought. Everyone in this room is now dumber for having listened to it. I award you no points, and may God have mercy on your soul.

Frank Anthony Overton Jr.01/09/2021 10:04

ding ding ding

award the gentleman sixty four SILVER dollars!

Shaggy 14101/09/2021 07:50

you creep

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Shaggy 141

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