I'm doing the same thing, it's the only strategy that makes sense to me really.
You could try to find the window where EOS would cost the least. However, then you're actually timing two markets! The EOS market and the Ether market.
Seems to me like the best bet is to determine how much you want to put in this ICO. Then buy one fifth of those Ethers over the next few days and put them in the first window.
After that, I would only participate once a week instead of daily, do to transaction cost and time investment. Cost average the buying of Ether during the week and then put them in the ICO window on Sunday for example.
it's probably even smarter than what I did :-)
Are you only planning on using dollar cost averaging on your EOS purchasing? I really think there's value in doing the same for Ether too. If you pull op Ether's price chart you can see how volatile the price has been the last few months.
I'm personally not interested in Ethereum to be honest...I am only using it has a bridge to own EOS.
Same for me. But the fact remains that you need to buy Ether in order to get EOS. So for the purchasing of Ether you have a couple of options:
Buying a lot of Ether now doesn't seem attractive to me. Although we just saw a steep decline I still feel like Ether is quite expensive at the moment.
Trying to time the market to buy as much Ether as possible... A no go for me. I don't think that I can time the market.
So I will dollar cost average my purchase of Ether.
I like your point @beordo. Do you think ETH is still expensive or would you buy some at this point? (Its been two weeks since your post and the cost has dropped by about $40)
I am a true believer of DAPPS and EOS, Steemit and Bitshares and proving the way.
I look forward to hearing your thoughts! Cheers.
What I think about the current price of Ether is totally irrelevant. I strongly believe that I'm not able to time the market. I can't predict if Ether (or any other crypto for that matter) will rise or fall in the near future.
Once you believe that, the only prudent option is to dollar cost average your purchase of Ether.