"Dollar averaging" is not a rational thing to do, it is only a psychological pacifier, right?
If one bought 100 coins at 800$, buying 100 more at 400$ does not compensate or alleviate the loss of the first buy. It only mixes a vexing mistake with a minor mistake to make a double dose of a medium-strength mistake. The loss from the first buy is still there. Right?
If one bought 100 coins at 800$, buying 100 more at 400$ does not compensate or alleviate the loss of the first buy. It only mixes a vexing mistake with a minor mistake to make a double dose of a medium-strength mistake. The loss from the first buy is still there. Right?
You are doing it wrong. Dollar cost averaging means buying 100 at $800 and 200 at $400. It will result in a gain on the total investment, with p -> 1.0 as t -> oo, if conducted without fail at a constant rate without slippage on a log-normal distributed series of increments.