I am observing an interesting experiment.
Day 772
Buying $100 worth of #Bitcoin at $96,639.67 - 0.001034 #BTC
A man set up a bot to automatically buy $100 worth of bitcoin every day for 1000 days.
To prove the value of Bitcoin and dispel the complexities of investing.
🔎Let's see: There is no need to constantly look for the bottom and wait for the best entry point, this is done every day at the current market price.
And as we can see, it turns out quite well, namely:
The average purchase price is $40,205
Current investments $77,180
The total amount is $185,514
Net profit at the current price $108,333
Not bad at all for capital preservation, plus with amazing profit rates of 140%; 1.4x of the total invested amount.
Conclusions
I got excited about this idea myself, as it is a good way to accumulate capital without losses and inflation.
I think it’s worth considering this method. For example, create a separate portfolio and make such purchases regularly. I understand that not everyone can consistently buy with $100 a day, but you can start with a smaller amount, like $10 or even $5; the results will still be satisfying.