The value of cryptocurrencies fluctuates greatly and is considered a volatile asset class. Because of this, many people believe that they should try to time their investments by making purchases during particular windows in order to receive the best possible price. But since investors all over the world trade cryptocurrencies constantly, it is impossible to predict when the best time is to buy.

Dollar-cost averaging is your best option if you want to invest in cryptocurrencies. With this approach, you make purchases gradually over a long period of time. Even if you make investments at times that don't turn out to be particularly low, you'll still catch times when they are extremely low, so things might even out.