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by janandonly
1591 days ago
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With inflation at 7.5%, you lose half your money in 9 years. The only way to outperform that consistently, that I have found, is to Dollar Coast Average: to buy small amounts of Bitcoin per day/week/month. For example: if You start on 01/01/2019 and put in $10 every week, then by now you would have put $1630 into bitcoin.
But there is the thing: the value of that stash of bitcoins today is .... $6,330.56 See how this fights inflation? You can make your own calculations easily here: https://www.bitcoindollarcostaverage.com |
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This only works as long as the price of Bitcoin (and other crypto currencies) "goes up". If it stagnates or drops, you can lose money, even more than the current inflation.
E.g. Calculating the Dollar Cost Average for the last year would show that you probably would have lost money, with a negative ROI of -11%.