Ninjastic
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Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
LoyceV
on 24/06/2021, 08:30:41 UTC
⭐ Merited by friends1980 (1) ,JayJuanGee (1)
Quote from: JayJuanGee on June 23, 2021, 09:21:11 PM
Ok... what the heck.. here goes.  I plugged in your BTC investing start date for DCA'ing as February 26, 2015, and then I put $20 per week for your amount.  So what do we get? We get that you could have been able to get around 35.6x returns on your DCA way of investing into bitcoin.  Hopefully, whatever you are doing is getting in the ballpark of that...
In retrospect: I should have bought Bitcoin when I first heard about it. But as we say in Dutch: "achteraf kijk je een koe in zijn hol".
But it also proves my point: Say you've been buying $20 per week in Bitcoin since February 26, 2015. You now have 6.28 BTC. If you continue buying this way, you add 0.03087 BTC per year (at current price). Compared to the 6.28 BTC you have already, I call that dust. What's the point in adding less than 0.5% per year?
That's why I'm not buying nor selling (other than what I need to pay taxes). If you're not into Bitcoin yet, this would probably still be a good strategy to start now, and I recently found a (Dutch) finance blog that mentioned this too (I think it was €20 per month).