Yeah the implementaiton is a really big issue, and I sadly don’t have a solution for it.
I personally disagree about crypto in general being high risk. I consider it, and any single specific crypto, very risky, but outside events such as IMF worldwide bans on cryptocurrency safer than traditional investments, if my working hypothesis is correct* .
let me put it this way: I don’t know what could happen, but I’m not putting more than 10% if my investment funds into any single crypto, and will be diversifying towards things outside crypto once I acumulate a bit more capital in crypto (in hope nothing happens before I accumulate some basic amoutn of capital, which is required for some things, sigh). if you fully trust that nothing could happen to the value of numeraire in the short term (at any point in time I mean, i have no reason to doubt it in the short term particularly now), or will be continually purchasing & using through DCA then I guess that’s fine. but if you buy some to try it out, and the price drops I’m afraid I might raitonalize myself into going on untill my cash is back up to the original level (difficulty seeing numeraire as reference currency I guess).
I’m a bit of a paranoid person though, so it might not be a big a problem as I think for others.
*about which I’m not sure and only time will tell because we’re in a bullrun & historical data is expensive so backtesting isn’t really an option for me atm. (would need data on all publicly traded stocks currencies & a graph of their dependencies, so yeah :l )