BTC / ETH Dollar Cost Averaging after it was already "too late" for BTC.
With the recent performance of crypto, some are saying it's too late, we're in a bubble and it's all going to dump from here.
This same mindset existed in January 2018. In December 2017 Bitcoin soared to an all-time high of nearly $19,000. It was all over the news and everyone was saying "I wish I had bought way back when!" It definitely felt too late.
But wait! What if you had said "I'm taking the plunge and I am going to dollar cost average into Bitcoin or Ethereum and let it ride". First off, it would have dumped and for quite some time! Bitcoin didn't hit $19,000 again until December 2020.
Starting in January 2018 if you DCA'd $500/month (equivalent to the $6000/year Roth IRA limit for those under 50) you would have made a total investment of $20,000 and the following investments would be worth...
Bitcoin = $154,324.
Ethereum = $177,130.
VOO = $28,544
VTSAX = $28,671
VTI = $28,982.
And just for fun, if you had invested $1000 into Safemoon on March 13, 2021 (two days after Slappy first posted about it on CB) it would be worth $65,000 today.
Do past performances promise future returns? Certainly not. But hopefully, some of you will see that there might be some wisdom in making steady investments into some of the larger and more stable cryptos.