Can you dollar cost average crypto?

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  • #199892 Reply
    John

      Hey up, just noticed there’s an option to set up ‘recurring’ crypto purchases in my Kraken app. It’s got me thinking you can dollar cost average crypto like you do with the stock market?? Anybody already doing this or get any ideas about whether it’s good, bad, fees and the like??

      TY

      Kraken app with recurring buy

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      • #199983 Reply
        Paul Stones

          Why would you want to do this? All the action is in the short term with crypto.

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          • #200013 Reply
            John

              Am I crazy for thinking the crypto market will rise over time?

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          • #199982 Reply
            Lee

              You definitely can, I know someone that puts a small amount of their pension in crypto each month this way. Too risky for me but it’s doable, yes.

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              • #200014 Reply
                John

                  Hadn’t even thought to do it from my pension! Not sure the wife would forgive me for that if it went t*** up. No more cocktails in Tenerife, we’re talking tap waters in Blackpool.

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