Originally Posted by SnerpGoodWord
I really think you may be delusional or something. If you average down in a currency that drops to 1/10,000th of it's original value, you're going to lose all your money - or at least about 9999/10,000ths of it depending on exactly where you add to the position on the way down. That's losing all your money.
All the currencies I mentioned devalued at least that much.
I really get the feeling you're a guy who knows nothing about finance, but loves to argue about it on the internet. I'd ignore you, but I'm afraid someone will believe you and do something dangerous.
The posts I have exchanged on this board, all of which you saw, are the only time I argued about finances on the internet in the last few years. I have only made a handful of other related posts in my lifetime. I don't like online discussions because nobody knows what they are talking about.
The problem with your arguments is that they are strawmen arguments. You are arguing not against my position, but against a caricature you have of it in your mind based on, I imagine, online discussions you had with other people, or a caricature some professor may have used to illustrate a point to you, or whatever. The collapse of the greek currency in 1944 is completelly irrelevant to this discussion. If you are going to trade in minor currencies, you trade in several at once, not a single one, just like if you were going to trade in stocks... AND/OR you actually study the nature of that currency and stop averaging down once you realize it is being destroyed. It is not hard to know that a currency is being collapsed. I don't really care because I no longer have any real interest in finance and I certainly don't have the means to do anything in the area. I'm merely sharing the truth because there is just so much ♥♥♥♥♥♥♥♥ around I feel sorry for people looking into this sort of stuff.