The DCA trap on new cryptos, especially with moves like $WETH today
It feels like a lot of the crypto narrative still heavily pushes dollar-cost averaging as the holy grail, even for nascent projects or assets experiencing significant volatility. While I get the appeal for something established and relatively stable (if such a thing exists in crypto), seeing $WETH dip nearly 7% today, with a high of 1.1732 and now bouncing around 1.07 after touching 0.9801 earlier, makes me wonder if pure DCA in these scenarios isn't just a slower way to bleed out. When an asset has fundamental question marks or extreme price swings, simply adding at regular intervals feels like doubling down on uncertainty rather than disciplined investing. I think a more active, value-oriented approach, or at least a significant pause during high volatility, is far more prudent than blindly DCAing into every dip. What am I missing here? Is this just FUD talking, or does anyone else feel DCA gets overapplied?
That's an interesting point about DCA on new cryptos. I always thought DCA was the safer play, even with volatility, but I'm curious if you mean it's riskier because there's less history to base the average on, or something else entirely?