What $ 10 in Bitcoin Each Day Would Net Investors Earn

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Many new investors believe they missed the bitcoin opportunity. This is simply not true. Less than 10% of the world is currently familiar with bitcoin. That leaves over 6 billion people around the world unfamiliar with bitcoin. So in reality, investors who are going now and think they’ve missed the boat are, in fact, early adopters.

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That aside, Average Cost Dollar (AAA) has become an increasingly popular way for people to invest in the market. Average dollar cost is simply the art of spreading the investment over a period of time rather than buying it all at once. Simply put, let’s say an investor has $ 1,000 to invest in BTC, instead of buying BTC worth $ 1,000 at a time, they could choose to spread the purchase over a period of time. of time.

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This investor could therefore decide to buy BTC within 10 days. Buy $ 100 worth of BTC every day for 10 days. Or maybe buy $ 10 worth of BTC over 100 days. The idea behind it remains the same; spread the investment so as to reduce the impact of volatility on said investment.

How it would work in Bitcoin

Bitcoin is at least a decade old at this point, so a lot has happened in the market. Given its tremendous growth, investors would have liked to have invested a significant amount in the asset while it was still cheap. But what if you put $ 10 a day in bitcoin over the past five years? How much would you have now?

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Well, if an investor had invested $ 10 per day for the past five years in BTC, the total amount spent would have been just over $ 18,300. But the amount in BTC would have been over $ 334,000. Leading to over 1,800% savings on investment. Thus, an investment of $ 300 per month would have generated more than $ 300,000 in return after the initial investment was subtracted.

Going back even further than five years would lead to even more gains. And if we go back 10 years, investments would have increased by more than 100,000% in the last decade alone.

Bitcoin price till date

Bitcoin was literally worth nothing when it came out; $ 0. They were offered free of charge. You could mine with an old laptop and have hundreds of bitcoins in no time. But when people started to see the usefulness of technology, the price of the asset started to skyrocket.

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This has led BTC to gain in value over time. More people have started using the asset. But he was not yet well known until the Bust of the Silk Road. When federal agents destroyed the website in which BTC was the primary trading currency, everyone wanted to know which currency was that could not be traced.

The price mostly remained stable until 2017 when one of the more notable bull markets took place. The price of BTC rose from less than $ 4,000 to $ 19,000 between April and December 2017, setting a new all-time high.

The price of BTC has increased by more than 400,000% since its inception | Source: BTCUSD on TradingView.com

At the time, it looked like BTC had peaked and would come back to zero. But four years later, BTC is still going strong, with $ 30,000 seen as the cryptocurrency’s low. This shows how much bitcoin can and will grow in the years to come.

Featured image from The Week, chart from TradingView.com

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