Post
Topic
Board Bitcoin Discussion
Re: $1,200 stimulus check in 2020 = $12,392 in 2024
by
darewaller
on 28/05/2024, 16:04:42 UTC
This is quite obvious, we weren't even at 20k back when the check thing at USA happened, which is why I would assume that having this type of appreciation isn't really shocking. Obviously this only happened in few nations, in my nation nobody gave "free money" to anyone, that really isn't really a concept we are aware of, USA talks about how they are not communist and quite capitalist instead, but they distributed free money to everyone which was a quite big shocker, in the end holding bitcoin would have helped of course.

Anyone bought bitcoin with their stimulus instead of groceries?
A lot of people who got that money, needed the money to begin with so they ended up just spending that money to survive, not invest, hence not many of them could afford investing that money to bitcoin. But, considering it was 2020 and not 2010 which means if you would have believed into bitcoin then might have chosen bitcoin for that fund.

You need to be disciplined with DCA, stack bitcoin ups every week, and now your investment is good with 109.73% up.
The growth % in DCA usually in lower side because you are buying even for the current month and including that for profit percentage calculation. I mean DCA is for different purposes like it is a solution for not having a big money at the beginning itself. So, never need to mind about growth percentage for DCA because sometime it may discourage you if you do not fully understand the percentage of appreciation while doing DCA.