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Best Day to DCA into Bitcoin...
Hey everyone! I did a little experiment to see which day of the week yields the most BTC if I were to dollar-cost average $100 daily. I got Bitcoin data from 2018, tallied up how much BTC I'd accumulate on each weekday, and discovered: Thursday turned out to produce the largest total BTC stack! (very slightly..) Weekday BTC Acquired Monday 2.719786 Tuesday 2.717660 Wednesday 2.712952 Thursday 2.726639 Friday 2.719273 Saturday 2.713581 Sunday 2.717083 And plotted it with a log scale... https://preview.redd.it/yb93g6iroppe1.png?width=990&format=png&auto=webp&s=a6dd19d6bef112528db225d37d88fbd7cc2038ce From the data, the day of the week doesn’t really matter because the total difference over a 7-year period was only around 0.01 BTC. However, I did discover the wonderful power of DCA. In my simulation, there were 377 weeks, and investing $100 per week adds up to $37,700 total. This would have yielded approximately 2.7 BTC, which at today’s value is worth $230,758. Insane!! submitted by /u/exodusgg [link] [comments]
| | Hey everyone! I did a little experiment to see which day of the week yields the most BTC if I were to dollar-cost average $100 daily. I got Bitcoin data from 2018, tallied up how much BTC I'd accumulate on each weekday, and discovered: Thursday turned out to produce the largest total BTC stack! (very slightly..)
And plotted it with a log scale... From the data, the day of the week doesn’t really matter because the total difference over a 7-year period was only around 0.01 BTC. However, I did discover the wonderful power of DCA. In my simulation, there were 377 weeks, and investing $100 per week adds up to $37,700 total. This would have yielded approximately 2.7 BTC, which at today’s value is worth $230,758. Insane!! [link] [comments] |
