But a real financial planner would say "put in X per week" so that if it goes down more, you get it at a lower cost thereby lowering your average price per unit (DCA = dollar cost averaging).
The tough part, as if that isn't tough enough, is to set your target price and sell X when it hits that target...and sell X each week thereafter. There are varying strategies at this point.
Be steady, be patient, be responsible.
It's very much a long term / retirement based deal for me. I'll forego the yacht just now if I can stop work at 60 (22 years out) which is my big goal, 55 if I get lucky.
I've been talking about AVCs (work pension overpayments over here) with a financially switched on colleague all last week who gave me some really good advice. Did a bit if research as to what I can do with my teaching pension and was ready to start pumping a good bit into that month on month, good tax incentives etc.... Fire up the news today and the BofE has had to buy in hard to protect pension funds

shaken that idea quite hard as you might imagine.
Property just now (something we'd always mused about as a down the line retirement idea), isn't as attractive right now and is only going to get worse with interest rate rises, utilities going through the roof and the Scottish government doing all that they can to put people off becoming land lord's.
Sticking with crypto just now (probably going to go with your suggestion and after getting rid of some of this lump sum, put in a little monthly) and also look at some traditional investment options.
Sensible forecasts for the next few years is about £8k - £12k after tax DJ income give or take. I really don't plan on doing that forever. I'm not going to to piss it all on crypto but I need a plan, we're mortgage free and can comfortably cover our needs off my teaching salary so that's a decent chunk to make useful.
Mrs JBJ is due probably a low 5 figure raise in the coming weeks too but she's totally oblivious and indifferent to this sort of stuff. Not wasteful of money but no real plans or acumen for making it work for her.
