[Bitcoin Cost Averaging] DAY 19 | Another Bitcoin record! | BTC 30-day Bitcoin Test #Shorts
11It’s the day after Christmas and I am just beat
Two days in a row we did nothing but eat
Another bitcoin record it continues to feast
Like Alvin Kamara it’s an unstoppable beast
Like a SpaceX rocket it’s up, up, and away
On twelve 26 it’s over 26K
Get your four free stocks that offer ends soon
Trade free with Webull it’s most opportune
I save the best the for the end call me Ryan Fitzpatrick
At the end of the day I go serve up that good...
[Bitcoin Cost Averaging] DAY 19 | Another Bitcoin record! | BTC 30-day Bitcoin Test #Shorts
CHALLENGE DAY 19 OF 30
A new record! Up 24.5% after 19 days, can it continue for the rest of the challenge?
I messed up on this one! We would be up another 29.4% 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 11 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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Shout out to my man Alvin Kamara for the amazing Christmas Day performance for the ages!
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