Bitcoin Dollar Cost Avg’ing Over 3 Years Yields 70% Gain
The numbers don’t lie, Bitcoin blows everything else away. Examples like this just prove Bitcoin is best and also that anyone who shouts down and downplays Bitcoin and its part in our future is either lying or just plain ignorant:
Bitcoin Dollar Cost Averaging Over 3 Years Yields a 70% Gain: PlanB
Bitcoin (BTC) analyst and creator of the hugely popular stock-to-flow (S2F) model, PlanB (@100trillionUSD), has published a chart showing the potential returns of dollar-cost averaging (DCA) over three years. As an investment strategy, DCA involves investing an average amount in an asset over a regular interval to offset the impact of volatility on its spot price. Tweeting on Wednesday, PlanB showed that a trader who used DCA to enter into BTC positions during 2017, then HODL in 2018, and finally, DCA out in 2019 would have earned an impressive yield of around 70%.
