You are viewing a single comment's thread from:
RE: Catching a falling knife is hard.
Dollar cost averaging is probably the best strategy to take when it comes to Crypto. If you truely believe in a coin/ the technology then each week, fortnight or month invest a workable amount of money from your income. It spreads the risk of the ups and downs of the market. I have made a pledge to myself to dollar cost average $100 a fortnight until 2020. Plan and execute.
Although this is true, it hasn't worked out very well this year. I did some dollar cost averaging with Cardano for several months and now I see myself staring at a coin that is six cents when it was $1.40 a few months ago.
Brutal.