You've heard of the DCA (dollar-cost-average) strategy as a less risky way to invest in your favourite cryptocurrencies instead of going all-in at once.
It's a great strategy and I use it too. But for me, I only DCA on the way down. When the price of the coin or token returns above my first purchase price, I stop DCAing, except my analysis suggests otherwise.
Buying all the way up increases your average purchase price and reduces your overall profit accordingly.
Instead, I DCA into other coins on my accumulation list which is still below my first purchase price.
What is your own DCA strategy and why?