[Bitcoin Cost Averaging] DAY 24 | Last Bitcoin Challenge Day of 2020! | BTC 30-day Bitcoin #Shorts
112020’s almost over and we survived
And if you bought Bitcoin you probably thrived
It was a roller coaster year thanks to the virus
It came in like a wrecking ball, call it Miley Cyrus
A new year starts soon and we can clear the board
But be careful what you wish for just ask Max Lord
But my wish for you is a wallet that is full
And free crypto trading thanks to Webull
So a happy new year to all from Nancy to Mitch
2021 will be better cause 2020 was a...
[Bitcoin Cost Averaging] DAY 24 | Last Bitcoin Challenge Day of 2020! | BTC 30-day Bitcoin #Shorts
CHALLENGE DAY 24 OF 30
A new record! Up 29.7% after 24 days, can it continue for the rest of the challenge?
I messed up on this one! We would be up another 35.2% 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 6 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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About Frank Chou:
Passionate senior finance leader with over 10 years of experience implementing finance best practices for multi-billion dollar companies serving both domestic and international marketplaces in the manufacturing, logistics, distribution, and fulfillment sectors. Founder and catalyst of world-class finance teams in both rapidly scaling and established enterprises. Proven as a trusted business adviser, building successful partnerships across functions and delivering bottom-line growth through implementing best practices, eliminating waste, and optimizing cost.
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DISCLAIMER: I’m not a financial advisor/planner. The videos on this channel are for educational/entertainment purposes only. Investments in securities are not guaranteed to increase in value, consult your own advisor/planner when making personal investment decisions.
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