Beginner crypto investor Raymond C. has been consistently Dollar Cost Averaging (DCA) into several alt coin positions over the last couple of years. He also watched two minutes of a YouTube video about “buying the dip”, and immediately began finding several downtrending coins to purchase.

Unfortunately, no one told Raymond that this strategy only pays off if the coins you invest in actually go up in price. Charts with a bullish chart trend sometimes known as ” up and to the right” can be good picks for a DCA strategy, but 90% of Raymond’s coins had charts displaying a “down and to the right” pattern, much like ice hanging from a gutter.

Now Raymond has declared bankruptcy, losing his Florida condo and Toyota Rav4 to creditors, but he is still optimistic about hundreds of millions of valueless tokens that may shoot to the moon one day soon.

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