Plan 1: Buy BTC and ETH only. Spend $50 and buy 50% BTC and 50% ETH. No schedule and buy on dips.
Plan 2: Buy BTC, ETH, and LTC. Weekly, regardless of the current cost of each coin. Alternate between coins so 1 week buy 50/50 BTC and ETH. Next week buy 100% LTC. Next week buys 50/50 again.
HODL both obviously.
Also at what point is a hardware wallet required?
Seems okay but implementation is important. Because you will confused about dips price and most of the time you will get panicked. So controlling yourself from other things will be better to focus it on and fixing a target price will help you to earn. From my perception, I can't always make profit but still I am exists.
Try to sustain ourselves as much as we can because emotion could really be a big factor that could really affect towards out decisions when we are trying to make out some positioning towards our investment.
with having the unpredictability of this market then it is really hard to tell on which one is the possible bottom that we can deal with.When it comes to plans stated above then i can say
that both things are good depending on what you do prefer because its your money then if you do sees that you are gaining on this way then better stick to it.