Well, that's a nice strategy called as DCA which many people prefer to use. It's a proven method for getting a good entry and exit price.
Newbies should definitely try this method as it has not technical or fundamental analysis involved.
You just have to buy it at regular intervals in every dip and keep accumulating over the long term.
The same strategy can be used while selling the coins also so that we keep selling at every peak to get a better average selling price.
I have been seeing people talking about the DCA strategy but they forgot that this strategy is not for people with less fund. This strategy is not for those that don't have sufficient funds has an investor because in entails buying a particular asset in intervals. Tell me how many investors can keep up with this apart from the rich buddies.
Those that can use the DCA strategy without having any difficulties in accumulating for a long periods of time are those that have sufficient amounts of money in their portfolio. Those that are earning less of saving to invest in cryptocurrency might not be able to use this strategy successfully because they will need a backup fund so they don't have to sell their crypto portfolio just to take care of their emergency needs.
I would say that you are wrong here. Although I get what you are trying to say but just look at it from a different perspective.
According to me, every person who has a stable income, can be low, but still stable, then he can make use of DCA strategy to his benefit.
For example: If a person is earning $500 a month, even if he saves $100 then he can start investing with that amount or even half of that.
The catch is that he will have to regularly invest that amount so that he can leverage DCA.