Saving in dollars vs gold vs bitcoin:
After 400 weeks of $50 DCA, you’d have $20,000 had you saved in dollars, 11.322 ounces of gold (worth $38,864) had you saved in gold, or 1.3719 BTC (worth $148,707) had you saved in bitcoin. https://blossom.primal.net/d3931b0fb2b261b61714dad67dc9ca538235e81b8a5ada7a4b32d5811fbb10cf.mp4
The thing I always think about with these animations is not how much better bitcoin is than gold (which is obvious) but how little $50 a week truly is.
1. The average persons life would be greatly improved if they had an extra 150k.
2. The average person spends $50 a week on absolute bullshit that does not improve their life.
It just seems like an absolute waste when you think about it.
Einstein said that compound interest is the eighth wonder of the world
The only problem with DCA is that it’s really hard/annoying to do without KYC.
I don’t think they have standing orders. Also it’s pretty expensive.
Nonetheless it’s a cool project! 👌
Wouldn't say it's expensive, I never pay more than 1% premium which is less than common brokers like Relai and Pocket charge.
The trick is just to act as maker and be patient until someone takes the offer.
How long do you usually have to wait? Do you see a pattern that people tend to accept your offer when btc price is higher than usual?
When the market is pumping they usually get taken fast, couple hours maybe. When buying the dip it sometimes can take a day or two. It helps to make the offer a range instead of a fixed size and offer multiple payment methods.
$50 a week is about 1 McDonald’s drive through for a family of 4 these days 👀
Wow, haven't eaten McDonalds for probably 12-13 years now. We always preferred Wendy's or Hardee's burgers. Still, seems like a $20 bill would cover 2 adults and 2-3 kids back then too...
With a pair of teens now, that seems like so long ago! 😂
Crazy how much inflation has affected food prices! 12-13 years ago chipotle was $8 for a bowl, now it’s double the cost with about 1/2 the amount of food
Exactly. It’s not about affording Bitcoin, it’s about priorities. $50/week feels small in the moment, but compounded over years it’s life-changing. The hardest part isn’t the math, it’s the discipline.
Hindsight is 20/20
Brown bag and get rich
The thing I always think about is how satisfying is to watch those horizontal lines get squished together
