Best Day to DCA into Bitcoin...
 | Hey everyone! I did a little experiment to see which day of the week yields the most BTC if I were to dollar-cost average $100 daily. I got Bitcoin data from 2018, tallied up how much BTC I'd accumulate on each weekday, and discovered: Thursday turned out to produce the largest total BTC stack! (very slightly..)
And plotted it with a log scale... From the data, the day of the week doesn’t really matter because the total difference over a 7-year period was only around 0.01 BTC. However, I did discover the wonderful power of DCA. In my simulation, there were 377 weeks, and investing $100 per week adds up to $37,700 total. This would have yielded approximately 2.7 BTC, which at today’s value is worth $230,758. Insane!! [link] [comments] |
