This reminds me of a roulette strategy I read about years ago. Bet on black and if you lose, double your bet until you win, so you're always winning.
This can be a good strategy, but in a bear market you have to be careful because you can quickly run out of funds if the price keeps going down.
I prefer to DCA consistently on my few chosen tokens and grow my holdings in that way. But everyone has their own strategy.
I would love to see like a report of you using this strategy and the actual returns it brings you though, it could be something I start doing in the future!
The buckle down betting always involved doubling or even tripling your next wager in the hopes of recovery. Been there, done that, too, with satoshi betting sites. It's also a very fast way to lose money. The major difference is, there is no 'losing' with this approach. You don't lose your investment by buying more. You only strengthen your position and lower your BEP (Break Even Point).
In order to gift myself this Christmas, I cashed out my portfolios at 48% of value. I really needed a new computer, though. My old laptop wasn't pulling it's weight anymore and technology just gets harder and harder for older systems to handle. To Compensate for this, I am presetting my investments at a Base + Additions of $100 + $52 as a 'current position'. I use a tithe investment seed, so 10% of my wages goes into cypto. Since Christmas, I have bought $100 in BTC (Current: $136), SHIB ($109), ETH ($107), DOGE ($102) and POLY($100). Before Christmas, I was really spread too thin, which didn't allow me to handle the additions very well. I am limiting myself to 10 bags, as we call them, this year. Well, that's a quick snapshot and hope to report more later in a new blog.