Quote from: angaper on June 02, 2017, 11:16:49 PM

Quote from: brokedummy on June 02, 2017, 06:40:34 PM

If you think it is too high only buy a small amount with a plan to buy more if it goes lower. This way you will at least have some if it goes higher.

This seems a good idea, and in fact I use to do it. For example, if I want to start buying ethereum but the price seems too high, I start by buying a fraction of what I am willing to spend. If I have $200 to buy Eth, I only buy $20 expecting a better price to buy more, but if instead of lowering the price keeps going up, I keep buying minimum but consistent amounts.

This is a good idea. I've read about some investors in the stock market buy stocks periodically. If someone were to buy $1200 worth of shares in a company, they will buy $100 worth of shares each month. that way if the stock price fluctuates, they are able to purchase the stock at a lower average price. The only disadvantage is that you are sacrificing some profit for more safety.