Man who's been putting $5 a day into Bitcoin shows what it's like 323 days in

This guy has been buying Bitcoin every day for the last year or so.

Or dollar-cost averaging, as the crypto bros would say.

It’s a good strategy, generally speaking.

But we bet there’s something this guy wishes he’d done differently.

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Is buying Bitcoin every day a good strategy?

If somebody says they’re dollar-cost averaging (or DCA), they mean they’re buying a financial asset regularly, regardless of the price.

It follows the old mantra that ‘time in the market beats timing the market’.

And it’s a good strategy (not financial advice), in general terms.

If you’ve been dollar-cost averaging Bitcoin, Tesla stock, Apple stock and so on for years, you’re definitely in the green.

That’s what this guy has been doing, as he explained on his YouTube channel.

If he really bought $5 worth of BTC every day for the last 323 days then this means he now has 0.1635 BTC, worth around $1,900.

What if he’d done that for longer?

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

If he started five years ago, he’d have enough to buy a nice car.

If he started 10 years ago, he’d have enough to buy a used Ferrari.

But hindsight is always 20/20, as they say.

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.

For example, there’s that famous story of the guy who has been attempting to buy an entire landfill site because he knows that his $800m blockchain bounty is sitting in a USB there somewhere after accidentally throwing it out.

According to Fortune, as of 2024, there were 1.8 million ‘lost’ coins on the crypto site, which accounts for around $213 billion.