Bitcoin returns
a thread
πππππππ
a thread
πππππππ
1./ There's a lot of noise in the price data. Over 4 years, returns have been extremely positive, no matter the starting point.
What was better? Lump sum buys or dollar cost averaging?
What was better? Lump sum buys or dollar cost averaging?
2./ Lump sum has beaten dollar cost averaging by some margin. It makes sense, because of the upward skew that price displays. A buy in the past is better than a buy today.
Incremental dollars still show incredible returns.
What kind of DCA worked best? Daily, weekly, monthly?
Incremental dollars still show incredible returns.
What kind of DCA worked best? Daily, weekly, monthly?
3./ It doesn't really matter. Monthly, weekly and daily DCA have had very similar return profiles from 2014 to today
Here are the stats in a table:
Here are the stats in a table:
cc @dergigi @ck_SNARKs @PrestonPysh @gladstein @BitcoinTina @francispouliot_ @johnkvallis @publordhodl @StopAndDecrypt @parman_the @Croesus_BTC @Cryptic_Oz @DanDarkPill
β’ β’ β’
Missing some Tweet in this thread? You can try to
force a refresh
γ
