The other day I've found this interesting blog about someone in Europe planning to retire early by converting a fixed amount of their monthly salary into Bitcoin.
He started doing this in the bull market of 2017 and keeps doing it every month, no excuses. A specific amount, 500 euros, is always converted into Bitcoin and stored away in cold storage.
Thats called DCA. one of the most famous and effective method of investing and accumulating Bitcoin in the community.He started doing this in the bull market of 2017 and keeps doing it every month, no excuses. A specific amount, 500 euros, is always converted into Bitcoin and stored away in cold storage.
but he's doing that on a larger scale. 500 euros is a great amount of money to invest in bitcoin regularly..
This is how his strategy looks like:
As you can see, the BTC stack in orange always keeps going up, making it a personal ATH for him every time.
In a black dashed line is the actual total invested in fiat, which simply increases by 500 euro every month.
And in green you can see the value in fiat(euro) of his current amount of Bitcoin. This one of course varies a lot depending on the current price of Bitcoin.
You can clearly see that it has been an incredibly great savings strategy so far, obtaining a lot more value than simply saving in fiat.
I'll leave you guys with the url of the blog: https://er-bybitcoin.com
In the end, perseverance seems to be the key here. He's not putting an incredible amount of money down every month, but still he has managed to obtain a lot of Bitcoin, 4.47 BTC from his last update.
Have you tried something similar?, maybe now thinking about doing it?, I think it's a great idea.
that's really an impressive achievement for him. and a lesson for everyone who have little bit of doubt on Bitcoin or DCA method . it proves that, it really works. see how big the gap is between his investment and current value. As you can see, the BTC stack in orange always keeps going up, making it a personal ATH for him every time.
In a black dashed line is the actual total invested in fiat, which simply increases by 500 euro every month.
And in green you can see the value in fiat(euro) of his current amount of Bitcoin. This one of course varies a lot depending on the current price of Bitcoin.
You can clearly see that it has been an incredibly great savings strategy so far, obtaining a lot more value than simply saving in fiat.
I'll leave you guys with the url of the blog: https://er-bybitcoin.com
In the end, perseverance seems to be the key here. He's not putting an incredible amount of money down every month, but still he has managed to obtain a lot of Bitcoin, 4.47 BTC from his last update.
Have you tried something similar?, maybe now thinking about doing it?, I think it's a great idea.
even with smaller amount, great profit can be achieved with this strategy.