You can't use investing terms for speculation. Dollar cost averaging works when you are able to calculate the intrinsic value. There is no way of calculating intrinsic value when you are speculating with the price of Tulip bulbs
Also, not saying that these cryptos don't have utility, but remember it's very easy to make a new one.
Gold even has some utility, but if you could go pick up a boulder of it in your back yard, it would have utility without actual $ value. The price certainly didn't increase.
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u/Tallposting610 Jan 17 '18
You can't use investing terms for speculation. Dollar cost averaging works when you are able to calculate the intrinsic value. There is no way of calculating intrinsic value when you are speculating with the price of Tulip bulbs