If you’re over the angst of deciding how to time your cryptocurrency buys, we strongly recommend dollar cost averaging.
Remember, you’re in this for the long haul. This is about building wealth over time, and that’s why short term fluctuations in price don’t concern us as much as the long term upside potential that we believe this industry has.
Dollar cost averaging entails making regular buys over a period of time and not worrying so much about the price over the short term. So if the price goes down, buying when it’s cheaper brings your dollar cost average lower than if you’d bought all at once. If the price goes up, you’ve brought down your average cost by buying some previously, when the price was lower.
So when you’re looking at what to you is still a solid investment but the price of the token has gone down, that’s the time when you should consider buying more to bring down your overall average price.