Read the latest news about Bitcoin and Altcoins to learn more about the most popular cryptocurrency.
Average Price of Bitcoin More Than Quadrupled Between Halvings
Investing in bitcoin has been somewhat of a phenomenon, as millions of individuals have invested funds into the crypto-economy since at least 2010. One specific and lucrative method of investment is dollar-cost averaging. If an individual was to invest $10 a week into purchasing bitcoins since July 2010, the $5,130 USD (overall cost of investment) would have purchased 3,040 BTC, giving the individual over $29 million worth of gains in a decade.
Purchasing Bitcoin Via the Dollar-Cost Average Method Between Halvings
There is one method of investment that many crypto investors would call the smartest way to invest in anything. Essentially, the method called “dollar-cost averaging” is a strategy that investors use to invest funds into an asset across a periodic number of purchases, which essentially reduces exposure to overall price volatility.
So a person invests $1 to $10 per day or per week into a cryptocurrency and they become sheltered by the overall cost average over time. Finding the earliest price of bitcoin (BTC) is not too hard to and we can highlight that it occurred a few weeks after Laszlo Hanyecz purchased two Papa John’s pizzas for 10,000 coins (BTC value would be $0.0025 cents per unit).