'Stop Dollar-Cost Averaging Into Bitcoin' by mkhelfman btcprice bitcointrading
Do you buy the same amount of bitcoin on a fixed schedule regardless of price? For example, $20 every payday or $10 each week?
Which is true. It’s a great approach. Nobody goes broke dollar-cost averaging into bitcoin. You always come out ahead over time.Bitcoin’s price went up 60% in 2021. If you dollar-cost averaged that whole time, odds are you’re down on your investment. The average daily cost of a bitcoin was $47,400 in 2021. The year-end price was 46,100. Today’s price is $42,000.
The entire altcoin market went up 5x in 2021. It’s up +30x since the start of this bull market in December 2018. What about averaging into those? No altcoin has outperformed bitcoin from one market peak to the next, only at various intervals in between. It’s three lines on a chart. Those lines change with bitcoin’s price . Just average into the market when bitcoin’s price is in the buying zone. Get some altcoins, too.
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