A full cycle of a #Bitcoin #Pleb minding their own business and DCA:
Every week, come bull or bear, our #DCA daredevil dropped $500 into Bitcoin from the beginning of 2020 to the end of 2023.
**2020: The Year of the #Bull 🐂**
* **Total Bitcoins bought:** 2.5743 BTC
* **Bitcoin price at end of 2020:** $32,193.30
* **Total amount invested in 2020:** $26,000 (52 weeks × $500)
* **Total value of Bitcoin at end of 2020:** $82,876.32
* **Profit/Loss:** A whopping profit of $56,876.32
* **Profit in %: 218.76%** (To the moon! 🚀)
**2021: Still #Bullish, but Hold On! 🐂🎈**
* **Total Bitcoins bought in 2021:** 0.5707 BTC
* **Bitcoin price at the end of 2021:** $47,738.00
* **Total amount invested in 2021:** $26,000
* **Total value of Bitcoin at the end of 2021:** $27,242.88
* **Profit/Loss for 2021:** A modest profit of $1,242.88
* **Percentage Profit/Loss for 2021 only:** 4.78% (Not bad, but where's my Lambo?)
**2021 Cumulative (2020 + 2021):**
* **Total Bitcoins held by end of 2021:** 3.1450 BTC
* **Total value of Bitcoin at end of 2021:** $150,197.61
* **Profit/Loss:** A nifty profit of $98,197.61
* **Percentage Profit/Loss: 188.84%** (DCA for the win!)
**2022: Welcome to the #Bear's Den 🐻**
* **Total Bitcoins bought in 2022:** 1.0552 BTC
* **Bitcoin price at the end of 2022:** $16,537.40
* **Total amount invested in 2022:** $26,000
* **Total value of Bitcoin at the end of 2022:** $17,450.45
* **Profit/Loss for 2022:** A grizzly loss of $8,549.55
* **Percentage Profit/Loss for 2022 only:** \-32.88% (Ouch, that bear bites!)
**2022 Cumulative (2020 - 2022):**
* **Total Bitcoins held by end of 2022:** 4.2002 BTC
* **Total value of Bitcoin at end of 2022:** $69,457.58
* **Profit/Loss:** A loss of $8,542.42
* **Percentage Profit/Loss: -10.95%** (Hang in there, buddy!)
**2023: Accumulation Station** 🚉
* **Total Bitcoins bought in 2023:** 0.9321 BTC
* **Bitcoin price at the end of 2023:** $42,639.20
* **Total amount invested in 2023:** $26,000
* **Total value of Bitcoin at the end of 2023:** $39,745.11
* **Profit/Loss for 2023:** A sweet profit of $13,745.11
* **Percentage Profit/Loss for 2023 only:** 52.87% (Back on track!)
**2023 Cumulative (2020 - 2023):**
* **Total Bitcoins held by end of 2023:** 5.1323 BTC
* **Total value of Bitcoin at end of 2023:** $218,884.04
* **Profit/Loss:** A fantastic profit of $114,884.04
* **Percentage Profit/Loss:** **110.46%** (DCA ftw!)
Through the bull runs of 2020/21, the bear hug of 2022, and the accumulation party of 2023, our DCA hero rode the waves of the notorious Bitcoin four-year cycle. A tale of resilience, patience, and a little bit of crypto magic with 110.46% in profits to show!
With this post, I've tried to demystify Dollar-Cost Averaging and its impact . Feel free to share this with your non #nostr frens.
Cheers and Merry #Christmas to you all!
