Investing $10 per Day in Bitcoin: Does the Strategy Work in 2020?
Recently, bitcoin has shown dramatic correction and volatility. First, the bitcoin price plummeted to $16000 from $19000 within 24 hours, and then it rocketed to $18000 again. That is a standard situation for the crypto market but a real nerve-wracking experience for investors.
So, we would like to share the strategy that implies no huge investments but worked and still works during any period of bitcoin history. Tighten your belts, we are starting now!
The strategy is simple as it goes in the headline — to invest $10 per day in bitcoin. There are 365 days in a year, and if you spend $10 every day, you will have $3650 in bitcoins by the end of the year.
If you had started the strategy exactly 10 years ago, you would have had now thousands of bitcoins and billions of dollars. Of course, at that particular time, it was not obvious to invest in cryptocurrency, an unexplored and immature asset.
But let’s get back to the recent future and see, what if we invested 10$ each day starting December 1, 2019, until December 1, 2020. 1 year ago, bitcoin cost $7350.93. We could have invested 10$ and got 0.00136037 BTC.
Seems not so much, does it? That is not the end. There were 2 significant dates during our “strategy period” — November 24, 2020, and March 16, 2020. we could have got the lowest amount of bitcoins, only 0.00051928 BTC, on the former, while on the latter we could have enjoyed the sum of 0.00198749 BTC. Of course, it was impossible to catch all the highs and bottoms, that’s why the profit generated won’t be 3 times higher than the invested amount.
Today, the BTC price is above $18000, and if we had invested $10 every day, we would have generated 0,4 BTC or $7240. Now scroll back a bit higher and find how much we had invested in general. That is only $3650. It means we could have gained $3590 of net profit just having been investing $10 every day after breakfast or before going to sleep.
Many of you might think it is too stressful and painstaking to operate with such low volumes every day. Moreover, not every crypto service allows users to carry out <$10 deposits.
But that is not about Chatex — simple and easy-to-use crypto exchange on Telegram where users can buy any amount of BTC and other crypto, even for 1$. On Chatex, it will take only minutes from your precious 24 hours to sell 10$ for BTC and generate, in fact, passive income.
BTC is volatile and, thus, it can play in your hands. Try to use the strategy in 2021. The upcoming year will likely witness an unprecedented boom, according to crypto experts’ expectations. So, do now sit back and do not lose your chance.
Still, the following strategy does not imply easy profits but the easy way to generate them. We offer not fortunes but opportunities.