Since prices are down, I am going to spend some money for shopping. Not a lot, just what I can spend.
Now the question is, should I buy BTC (currently I don't have any BTC) or should I do DCA for ETH, SOL or DOT?
Now the reason I am asking this question is I have some of ETH, SOL and DOT, and I still consider that my ETH and DOT average prices are little bit higher, so DCAing would be nice option. But then, given that the I am little concerned what might happen to SOL and DOT in this phase of the market. Anyway, thanks.
You mean you want to use the money that is intended for shopping? That's no good, but if what you mean is you will shop coins then that nice. It's okay if the amount is not much, what important is you still take the effort and cost to invest. Investing too much that is outside your range can be problematic by the time you fail on your plan to hodl your coins and sell them at a loss.
You should buy btc even if you already have a btc but in your case you still don't have it, so hurry up now that price was still at 29k because sooner or later the price will climb again up to 30k or more. The alts that you lists above are also good alts so why not? You can add them in your portfolio if you like.
Well, that's up to him. If it's money meant to be used for necessities of life, then it's probably not a good idea to invest it in speculative assets such as cryptocurrency. However, if he does not need the money for everyday needs, such as money we regularly spend on luxury, then I would absolutely recommend investing some of the money in bitcoin using the DCA method. And of course, the best-case scenario would be that the investment could eventually lead to a profit of its own.