A Trader Has Been Buying $30 of Bitcoin Every Day Since 2016 – Here’s What He Has Today

X user @regothetrader has been buying $30 of Bitcoin ($BTC) via a “dollar cost averaging” (DCA) strategy every day since 2016.

Over the last 8 years, those $30 daily purchases have added up to $86,250 in funds invested.

However, per an update shared on X on November 9, @regothetrader revealed his Bitcoin portfolio was worth over $860,000, a stunning return of over 900%.

But with Bitcoin having rallied since November 9 to nearly eclipse $100,000, his portfolio value will have likely swollen to more than $1 million.

In his post, @regothetrader detailed an inspirational story of hard work, perseverance, and maintaining his conviction in BTC despite the naysayers.

And his story is a true inspiration – It’s a lesson that normal people from humble beginnings and with modest earnings can achieve financial freedom if they reliably and consistently DCA into Bitcoin over time, and ride through the short-term volatility.

Is It Too Late to DCA Into Bitcoin?

@regothetrader was early into the Bitcoin space, therefore his outsized returns via DCAing into the cryptocurrency aren’t surprising.

But given the price is already nearly at $100,000, is it too late to make similar outsized gains via a DCA strategy?

Well, that depends upon how you view the long-term Bitcoin price outlook.

Many in the crypto space expect Bitcoin to someday supplant gold as the main global reserve asset, used ubiquitously by nations, multi-national corporations and institutional investors.

That could imply a market cap in the tens of trillions and a Bitcoin price in the millions of dollars.

So, in the coming years (or decades), Bitcoin could still 10x or more from current levels.

A $30 per-day strategy can thus be expected to continue to deliver strong gains into the foreseeable future.

Alternative Investment Strategies for Faster Gains

DCAing into Bitcoin is a time-tested but conservative strategy for making long-term gains.

It takes a long time for investors to see real growth under this strategy (8 years for @regothetrader!).

Crypto investors looking for faster gains might want to consider alternative options such as swing trading, altcoin investing, or hunting for micro-cap gems.

Meme coin investing is one high-risk, high-reward strategy that can, in some cases, lead to traders getting rich quickly.

Analysts at cryptonews.com keep a close eye on the meme coin market as they hunt for the next 100x gem.

And one new meme coin that has really caught their eye is an exciting new Pepe-themed Ethereum layer-2 scaling solution called Pepe Unchained ($PEPU).

Pepe Unchained has raised over $50 million so far in its presale, making it one of the biggest and most hype crypto token launches of 2024.

That’s very important – the fact that Pepe Unchained has been able to draw in so much investor interest, generate so much hype and build such a large community so quickly suggests its got a great chance of becoming a leading protocol in the crypto space.

Community, hype and real-world adoption are key to any project’s success and longevity, and $PEPU has all of this in spades.

Interested investors have just 17 days left to get involved in the presale, where $PEPU is available at a modest market cap valuation of $100 million.

This could be a multi-billion dollar crypto, meaning diamond-handed presale investors could bank gains of well over 10x assuming the protocol launch goes swimmingly.

To learn more about Pepe Unchained, check out its official website.

Learn More About $PEPU Here

The post A Trader Has Been Buying $30 of Bitcoin Every Day Since 2016 – Here’s What He Has Today appeared first on Cryptonews.

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[Source: CryptoNews]