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.
If I were you, I would rather do DCA with Bitcoin. I have already started that this month with my extra “not beer” money, and I am planning to do that every month to build wealth overtime. It’s a classic old school way of building wealth as we just simply keep buying regardless of the price outcome.
I am not into day trading, as I’m more of a HODLer. In my opinion, only BTC and ETH are the worthy coins for us to do DCA. With my gigs, ambassador and KOL tasks, etc., I set aside some of it to buy Bitcoin every month and store it to my hardware wallet.
For now, I am not confident about DCA’ing with SOL and DOT though.