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Despite being 62% below its peak at $26k, a 10$ daily Bitcoin DCA from its ATH on Nov 9, 2021 is currently in profit and outperforms the S&P500 DCA which is in the red

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by COINS NEWS 36 Views

Despite being 62% below its peak at $26k, a 10$ daily Bitcoin DCA from its ATH on Nov 9, 2021 is currently in profit and outperforms the S&P500 DCA which is in the red

Bitcoin's price topped out at around $69k on the 9th of November, 2021 and has been on a wild ride down since. Despite the fact that 2022 was one of the harshest years for Bitcoin's price in its history, you would've currently been in profit if you had started investing with a DCA strategy even on the day that marked the ATH. Not only would you have been in profit, you would also be outperforming the S&P500 DCA strategy which would've still been in the red despite the recent recovery.

Charts from Glassnode

Stacking sats with a DCA and chill strategy is the best way to accumulate bitcoin, likely outperforming majority of the people trying to time the market. This piece of information came to my notice from this article but I haven't shared just its link as a post because it doesn't have the above charts and also requires a membership for access to the entire article.

submitted by /u/noob_zarathustra
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