On July 9th, Multicoin Capital partner Tushar Jain shared his buying the dip strategy during an appearance on the podcast show "When Shift Happens." He believed that trying to perfectly time the market bottom was more luck than a replicable skill. He advocated for a more effective method of dollar-cost averaging. His approach involved dividing the planned investment into three parts: the first part to be bought immediately, the second part to be invested at a fixed interval, and the final part to be kept as dry powder to be deployed in case of a significant asset drop while the investment thesis remained unchanged. This approach, compared to trying to time the absolute bottom, helps reduce timing risk and is better suited for the volatile crypto market.
