Well it is a strategy that fits for my personal situation. My problem with DCA that i cannot use this strategy right now because i am building a house for my family which should have cost about 500k but then corona came followed by the ukraine and now we are about to pay almost 800k.
Is that 500k US dollars or your national currency? I live in the EU, but a house of half a million USD or EUR is not even called a house in our country, and only those who are at the top of the pyramid can afford it. Anyway, your timing was bad.
This forced me to sell off anything i had at the possible badest moment (january) while i had invested closely before the ftx desaster ^^ this situations cost me a lot of money and now i only have 3k bugs left to invest but still i cant say if i can loose them ore if i would need them becouse the house could possibly become any more expensive depending on what comes next.
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Are you building an $800k house, have only $3k in cash, and are you thinking about some investments? Honestly, you can only profit from that $3k if you invest in some shitcoin that will explode overnight and bring you x000% profit, but you can also go to a casino and choose black/red or maybe green if you feel extremely lucky
i live in germany and its 500k € jumped to almost 800k € and what are you calling a building for a private person of 500k if not a house ? xD but yes the timing was as bad as it could be, but thats something you only know when its too late ^^ and how could i expect ftx, corona and ukraine...? and no i dont have only 3k cash left xD thats just the rest of the rest from what i thought could get lost and i would not care^^ but thats just how god works u never know what he figures out next
and when it comes to the shitcoins, yes actually thats what i want to do, invest into a shitcoin (XRP) wait for the lawsuit causing the temporal Skyrocket up to at least 100% i would suggest and then sell ^^ anyhow with 3k i cannot loose all to much compared to the 300k i "lost" through the house ^^