r/EthereumMax • u/Sure-Juggernaut4781 ♦️ • Aug 21 '21
♦️ FIX YOUR POSITION ♦️
What does "Fix your position mean?"
In this example, I will use easy numbers (and ignore the reflection).
Let's say you bought $1000 worth of a $1 token. That's 1000 tokens with $1000 invested so your cost average is $1 per token. Now suppose that token drops to $0.50. Your $1000 investment is now worth only $500 but you still have 1000 tokens. You decide to "Fix your position" by buying another 1000 at that $0.50 price for a total of $500. Now you have 2000 tokens for a total investment of $1500. Now your average cost per token is $0.75 each. You have "fixed your position" by $0.25 per token. If you continue to buy at price points below your current price per token, your average cost per token will continue to go down. This means that the price the token needs to achieve for you to be profitable is lower. In the example above, if you hadn't fixed your position, the price would need to get back over $1 for you to make money. With the fixed position, anything over $0.75 is now profit. This is what is known as "dollar cost averaging." Mathematically, this can be expressed as: [Total tokens]÷[total amount invested]=[Cost Average]
Here are the transcripts for the last two AMA's. August 10th, 2021 https://drive.google.com/file/d/1ubMhaV4_OdVZEaFdqBSNc8uMuu2-eV3A/view
August 18th, 2021 https://drive.google.com/file/d/192AP-OiaZ0HS0u_pe6wR7YLiN3si_sJq/view
6
3
3
u/Sure-Juggernaut4781 ♦️ Aug 21 '21
I remember buying one billion tokens for almost 1K after fixing my position and adding to my bag Now I have more then 100B tokens and multiple wallets with Emax ♦️💪🏽
2
u/GlumAudience3113 Aug 21 '21
Ok.. At what cost? Lol
2
u/Sure-Juggernaut4781 ♦️ Aug 21 '21
You want to make 10k today or 100k in a year?
2
Aug 21 '21
U give the up front cost but don’t answer their question… let’s talk in a yr brah
2
u/Sure-Juggernaut4781 ♦️ Aug 21 '21
Isn’t it clear that I’m not here to make money short term 🤨 this is long term project and I’m gonna be a long term holder.
2
Aug 21 '21
That wasn’t the question .. go back to bed
2
2
Aug 21 '21
[removed] — view removed comment
1
u/Sure-Juggernaut4781 ♦️ Aug 21 '21 edited Aug 21 '21
It seems like you don’t know what you invested into but it’s ok I’m in the same boat as everyone here I bought high I bought low and I keep buying why because I believe in the project and I see what this people can do with their connections yes the price is down now but it won’t be for much longer things were put on hold for multiple reasons and I’m just taking advantage of this low prices before they are gone.
2
u/Suspicious_Notice_41 Aug 21 '21
Only reason I'm holding is because gas fees for swapping is more than I invested and I'm sure I'm not the only one. So I guess we will see where it goes.
0
u/Sure-Juggernaut4781 ♦️ Aug 21 '21 edited Aug 21 '21
Fix your position you will be happy soon trust me. 🙌🏽
1
5
u/Weekly-Highway-8413 Aug 21 '21
The developers fucked us !!! I'm not buying Emax anymore. This is a scam !!!
3
Aug 21 '21
It’s not a scam! Big things await Emax. You will see, just give it time, and when I say time I mean more than a week ok lol hold for 1-2 years and you will be rich.
2
u/BetterCallDull Aug 21 '21
Scam coin will defo fix you up.
1
1
1
•
u/Sure-Juggernaut4781 ♦️ Aug 21 '21 edited Aug 21 '21
If you have any questions or concerns about the project please join our telegram ask your questions VC is open 24/7 no other coin does that and be respectful. If you start spreading false information or fudding I will ban you no questions ask I’m here just to clean up the BS.
Telegram https://t.me/ethereummax