🔥 Dollar Cost Averaging with Bitcoin - Episode #6 - UP to +44%!

in HODL • 3 years ago

Hello!

I am sharing with you the results of the 6th straight week buying Bitcoin. I am Dollar Cost Averaging and accumulating sats, hopefully I will be able to accumulate a good amount before the massive bull run starts. We're currently at $33,450.

The Plan

The plan is to make 100$-200$ purchases every weekend and keep stacking sats for the long term. This sats are not going to be spent, I am making a full commit on this.

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Source

The progress so far

I have been buying 200€ (euros not dollars) for six consecutive weeks. Eventhough now it is not the best time to be buying Bitcoin (we are trading at ATH) I still believe this strategy is the best approach if you want to HODL Bitcoin long term.

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My goal is to not skip a single week, and keep buying through all the spikes and dips. The original plan was to start 1st of January but I finally decided that the best time to start was right now! I finally started buying by the end of November.

I still have to figure out the cheapest way to buy Bitcoin. I am paying a 1,5% that is starting to accumulate, I should take a decision about that soon.


The results. Third week in the green! +44%% 💹

I am keeping an Excel sheet with all the details.
Here the actual results:

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I am more than 44%% UP! 🚀And I have been buying at ATH every sunday, hours after my buy orders Bitcoin suffered a dip. Today it happened again as I bought at +$34,000 plus the fees (Btc effective price +$35,000). But in the long run this strategy will give me good results, I am sure!

Keep stacking! 😊


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3 years ago in HODL by
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     3 years ago  

    It is cool that you have fun and track the progress of your purchase of Bitcoin each week.

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     3 years ago  

    Appreciate your words @chesatochi!
    I've seen that you are a hustler too, keep pushing it!

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       3 years ago  

      Looks like the perfect strategy for this type of investment!

      Willy Woo says so too.

      Other, similar stuff in my post from earlier today if you haven't seen it already.

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       3 years ago  

      Nice approach @cryptographic!

      With technology gaining adoption, the VC strategy is to buy successive rounds at ever increasing highs, they don't invest in down rounds.

      I am sure that buying every week is a winner strategy for Bitcoin!
      Time will tell!

      Posted Using LeoFinance Beta

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         3 years ago  

        Hello @resilience… I have chosen your post on “-Dollar Cost Averaging with Bitcoin - Episode # 6 - UP to +44%! -” for my daily initiative to reblog and comment…
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        Let's keep working and supporting each other to grow at Hive!...

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