It’s Never Too Late For Bitcoin! Updated Results for Dollar Cost Averaging From the $60,000 Peak and Two Previous Peaks
In October 2021 bitcoin reached its peak of over $60,000. The two previous peaks were followed by a 1-year decline. The first peak took one year to return to black. The second peak took six months to return to black. The third peak took peak took 19 months to return to the black. This article was updated on February 24, 2024
Note: I started this new dollar-cost averaging study below on the October 2021 peak based on the daily close on the 15th of each month. The market has declined for 13 months and has lost 50% in equity. It returned to the black in 19 months.
You can compare this data with the previous two peaks.
Note: The dollar-cost-averaging study below was started on the December 2017 peak to reflect the very worst timing for Dollar-Cost-Averaging. The market declined 13 months losing over 50% in equity and it took another six months for DCA to be in the black.
