[Bitcoin Cost Averaging] DAY 16 | Return of the POEM | XRP = RIP? | BTC 30-day Bitcoin Test #Shorts
15[Bitcoin Cost Averaging] DAY 16 | Return of the POEM | XRP = RIP? | BTC 30-day Bitcoin Test #Shorts
Bitcoin rap or bitcoin poem, let me know your preference in the comments
CHALLENGE DAY 16 OF 30
HALFWAY THROUGH!!!
Prices are coming down but we are still positive! Up 10% after 16 days, can it continue for the rest of the challenge?
I messed up on this one! We would be up another 19.3% 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 14 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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How to install Webull quickly with step by step instructions https://youtu.be/Ldh2t6Bd3xI
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