California man who's put $5 a day into Bitcoin shares what it's like 429 days in

If you started buying $5 worth of Bitcoin every day starting 10 years ago you’d be a billionaire.

If you did that every day for the last five years, you’d still be worth at least seven or eight figures.

This guy has been doing it for more than 400 days, so basically a year and a half, and he’s still in the green.

Further proof that the old adage everyone uses is correct.

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The reason behind his $5 a day investments

There’s an expression people use when it comes to investing: ‘time in the market beats timing the market’.

Other people call it DCA, which stands for dollar-cost averaging.

The idea is that buying an asset and holding it long-term is safer than trading.

That’s what the guy behind the KeepGoing YouTube channel has been doing.

If he really bought $5 worth of BTC every day for the last 429 days then this means he’s spent $2,145 to buy 0.02715 BTC, worth around $2,450 at the time of writing.

That represents a 14.23% return on investment, which is nothing to sneeze at.

This guy is following a great strategy, but we bet he’s now wishing he’d started sooner.

If he started 5 years ago, he’d have enough to buy a Ferrari.

If he started 15 years ago, he’d have enough to launch his own supercar brand.

Some people made a fortune with Bitcoin, while others lost a fortune

Bitcoin has made a lot of people laugh, including this teenager who became a millionaire after buying $1,000 worth of crypto as a 12-year-old.

But it’s also made a lot of people cry.

James Howells is probably the most famous example.

He somehow misplaced a hard drive containing 8,000 BTC (worth nearly $800 million today), and then attempted to buy an entire landfill site because he believed that’s where the hard drive was lying.

Unfortunately for him, the local council told him that would be impossible.

Bitcoin timeline – key milestones from inception to 2025

2008: Domain bitcoin.org registered anonymously
2009: Genesis block is mined by Satoshi Nakamoto
2010: ‘Bitcoin Pizza Day’, Laszlo Hayecz buys two pizzas for 10,000 BTC
2013: Bitcoin market cap surpasses $1 billion
2017: Bitcoin briefly touches $20,000 per coin
2020: Bitcoin surpasses $20,000 per coin
2021: Bitcoin surpasses $50,000 and then $60,000
2024: First Bitcoin ETF is approved
2025: Bitcoin surpasses $100,000