Re: If You Bought Bitcoin Each Week in 2019, You’d Be up 49%

Quote from: HardFacts on January 02, 2020, 02:28:33 PM

Quote from: aoluain on January 01, 2020, 11:15:45 PM

if you would have bought bitcoin in June 2019 and held it until now...
you would still have the very same bitcoin.

Stop looking at Bitcoin as a FIAT amount.

DOLLAR COST AVERAGING - buying at any and every price will create
an average cost, i have bought at $12k, $10k and all the way as low as
$6500 in 2019.

https://www.google.com/amp/s/investinganswers.com/dictionary/d/dollar-cost-averaging%3famp

I am looking at bitcoins VALUE as an investment. Fiat is pretty stable, but anyway you look at it, FIAT US Dollars, Gold, Rent, Food, or anything else you buy, you have to value bitcoin in what you can purchase with it. A bitcoin in itself has ZERO use or value beyond what you can convert it into.

FACT: If you purchased bitcoin starting in JUNE 2019 and dollar averaged it, you would have lost almost half your money 😣😣😣

Cherry picking the perfect date and price in the past, and then saying this is a reason to buy now is utterly dishonest, useless, and deceptive. The only thing that matters for those holding or purchasing now is how much bitcoin will go up or down from TODAY.

Hard Facts

FACT: If you bought Bitcoin in June 2019 and still have it you havent lost anything.

you only loose if you: buy high and sell low

you have created a 6 month window to create an average, if you buy more in the
dips you create a lower average.