He’s been buying $30 worth of Bitcoin every day since 2016, here’s what he has today

Latest Update:

November 25, 2024 08:36 UTC+1

Auteur

Charles Ledoux

Auteur

Charles Ledoux

About the Author

Charles Ledoux is a writer for Cryptonews with expertise in cryptocurrencies and blockchain technology. Thanks to his training in the “Crypto-Academy” of the famous YouTuber…

Share

Latest Update:

November 25, 2024 08:36 UTC+1

He’s been buying worth of Bitcoin every day since 2016, here’s what he has today

This man has been investing $30 in DCA every day to buy BTC since 2016. Find out how much he has today.

A DCA since 2016

An investor known as Regothetrader has updated his exceptional DCA started in 2016. For 8 years now, he has invested $30 every day to buy Bitcoin, or $900 per month.

As a reminder, the DCA (dollar cost averaging) is a regular investment technique to maximize gains by minimizing the impact of volatility.

It is therefore the ultimate DCA which arouses the curiosity of all investors. In total, he therefore invested 86370 dollars for 7 years, 10 months and 2 days. And the result is incredible, he finally exceeded the million dollars as BTC approaches $100,000. He finally exceeded a million dollars thanks to his investment of 15 dollars every 12 hours:

“We are approaching the eighth anniversary of Bitcoin being purchased daily, always at the same exact time, regardless of the price it is trading at. This journey has been filled with blood, sweat and even tears at times in my life. However, I couldn’t be more proud of the progress that I’m here to share with you today.
Many times my own diligence and conviction have been tested. Nevertheless, I continued to move forward with what I believed to be mathematical certainty.”

He declares that he has doubted many times, notably with the FTX affair or even COVID. This young man, 22 years old at the time, therefore “sacrificed everything” based on strong convictions:

“I sacrificed going out with my friends to embrace this belief. I stayed at home. I put everything I had into it because I had finally found something I could believe in.”

The ultimate investment

This is therefore proof that the convictions are very important when investing. But above all, it can take time. Obviously, everything speeds up during a bull run. But prices can also fall more quickly when the euphoria is too great and profits are taken massively.

However, Rego states that Bitcoin is not not a risky investmentwhich differentiates it from all other classes:

“The truth is that Bitcoin is not a risk, it is a matter of understanding. The more you learn, the more obvious it becomes. In the first four years, it wasn’t so clear to everyone. Today, it is recognized by every major company, nation, and hedge fund manager.”

DCA is the best way to invest in Bitcoin. Moreover, the analyst Checkmate specializes in on-chain analysis for precisely optimize this DCA and get the most Bitcoin.

Since Bitcoin is expected to reach $1 million in the next cycle, in 2030, a regular DCA between now and 2029 could offer the same type of return as Rego.

In total, Rego now has more than 800,000 dollars in profits and his “life has been transformed”.

On the same subject:

-

-

NEXT Mercato – OM: A transfer negotiated in the middle of a match?