Cost Averaging is an excellent first step into investing in cryptocurrency, which can gradually lead into trading type decisions. It does however, have a few downsides. It takes a significant time to build a position and you will never benefit from investing at the bottom of the market.
If you decide you want to wait to get investment exposure you can invest a lump sum, rather than the drip-feed of Cost Averaging, but your risk is concentrated in that one trade.
Both DCA and a lump sum investment strategy require Fundamental Analysis, but given the increased exposure of a lump sum you should certainly ensure you have done your research, on top of following the golden rules..
Fundamental Analysis is more relevant if you are committing a significant amount of savings. You need to make a reasoned judgement on the long term prospects of the specific cryptocurrency, accepting that it may take years to realise a profit if at all. Your lump sum may simply decline in relative value over time..
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