An investor known on X as Regothetrader recently revealed details about his Dollar Cost Averaging (DCA) method, which he started in 2016.
Over the course of almost eight years, he invested 30 USD a day in Bitcoin, totaling 900 USD a month. This method, which consists of investing a fixed amount regularly regardless of market fluctuations, is a strategy to dilute the risk of volatility.
The result: 900% profit and assets worth over 1million USD
In total, Regothetrader invested 86,370 USD over the course of about seven years and ten months. This consistent effort proved extremely profitable, as his portfolio eventually surpassed a million dollars, especially now that Bitcoin is approaching 100,000 USD.
“We are almost eight years old since I started buying Bitcoin daily, always at the same time, regardless of the price. It was a journey that required not only money, but also blood, sweat and tears at many points in my life. However, I am extremely proud of the results I am sharing here,” he said.
He also confessed that his determination and convictions have been tested frequently, especially during crises like the collapse of FTX and the COVID-19 pandemic. At the age of 22, when he started, he chose to give up many social activities to dedicate himself to this investment.
“I gave up going out with my friends to dedicate myself to this belief. I stayed home and invested everything I had, because I finally found something I truly believed in,” he explained.
From Beginner Investor to Bitcoin Millionaire
Rego’s story shows how firm conviction and patience are key in the world of investing. Even through fluctuations and periods of intense volatility, he maintained his consistent method of investing 30 USD a day, resulting in significant profits that transformed his life.
Rego firmly believes that Bitcoin does not represent a risk, but rather an educational opportunity, where continuous learning about the cryptocurrency reveals its true value. “In the beginning, clarity about Bitcoin was not shared by everyone. Today, it is an accepted reality among large corporations, governments and hedge fund managers,” he says.
"Dollar-cost averaging (DCA) is an investment strategy that involves investing a set amount of money at regular intervals, regardless of the price of the investment. The goal is to reduce the impact of price fluctuations and lower the average cost per share over time." Bitcoin pic.twitter.com/wt8g6gTKGA
— Infinite Insights (@Manyonge12) November 24, 2024
DCA, advocated by analysts, focuses on optimizing this strategy through on-chain analysis, and is arguably the best method for investing in Bitcoin. With predictions that Bitcoin could reach 1 million USD in the next bull cycle in 2030, a regular investment using the DCA strategy through 2029 could replicate Rego’s astonishing results.
In the end, Rego’s meticulous and persistent investing resulted in over 800,000 USD in profits, demonstrating the transformative impact of a well-executed cryptocurrency investment strategy.
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