[Bitcoin Cost Averaging] DAY 13 | Buy Bitcoin ANYWHERE with Webull! | BTC 30-day Bitcoin Test
12[Bitcoin Cost Averaging] DAY 13 | Buy Bitcoin ANYWHERE with Webull! | BTC 30-day Bitcoin Test
CHALLENGE DAY 13 OF 30
WE ARE way positive! Up 17.4% after 13 days, can it continue for the rest of the challenge?
I messed up on this one! We would be up another 22.2% had I dumped all $1,500 in on day one! Is Bitcoin cost averaging totally flawed? Should we have just gone the lump sum route? We still have 17 more days to see how it all plays out but things look much better the lump sum route and previous studies have borne this out as well. I will do a full, detailed discussion comparing the 2 at the end of the challenge.
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We have been talking about Bitcoin on the channel a lot lately so it's time to put my money where my mouth is.
I put $1500 into my Webull account to take advantage of their new free crypto trading. For the challenge, I will buy $50 of Bitcoin/day for 30 days and we will see what happens. Will my "Bitcoin cost averaging" approach be effective or will it flop? Let me know your thoughts in the comments. If you need a brokerage to trade crypto check out the limited time offer with Webull below for FOUR free stocks with a $100 deposit.
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Webull sign up offer https://act.webull.com/vi/BLmS3xOF2J8t/usp/inviteUs/
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