Bitcoin is expected to provide more than 200% returns on average every year. In 2024 Bitcoin Halving, the reward will drop from 6.25 BTC per block to 3.125 BTC making it difficult to acquire 1 whole Bitcoin.
Each halving lowers Bitcoin's inflation rate. More than 98% of bitcoins will be mined by 2030.
Source: https://www.buybitcoinworldwide.com/bitcoin-clock/
Bitcoin has provided the best returns in the last decade over any other asset. For an average joe, it's a gateway drug to crypto. The first-ever crypto I got from my own money was bitcoin and I am sure this is the case with many others. It's truly digital gold and the more you have, the better.
I have been buying and selling bitcoin since 2017 and so far it's been a fun ride. I never sell at a loss instead I keep accumulating for months to build up my investment. During the bull run, you can have a handsome payday.
Best Way To Invest In Bitcoin
DollarCost Averaging (DCA) is the smartest way to invest in bitcoin to get amazing returns over the long term. Instead of investing a large sum of money all at once, an investor can buy bitcoin, any other crypto, or stocks in small chunks over time. The idea is to take advantage of market dips without putting too much money at risk at any given time.
Despite the volatility of the price, as an investor, you can increase your bitcoin holdings over time using DCA.
Introducing Bitdroplet
Bitdroplet is a secure platform where you can start your own Decentralized Bitcoin SIP (Systematic Investment Plan). It is created by a very famous crypto exchange called Bitbns. Basically you can DCA into buying bitcoin on autopilot.
You can easily log in using your Google or Facebook account set up your profile. You need to do KYC to add funds into your wallet. Indian users can deposit INR through various payment methods that are available. Non-Indian users can deposit USDT through Bitbns exchange where you can deposit or exchange your crypto from USDT. Apart from Bitcoin, you can invest in Ethereum, Gold and Silver too with similar plans.
Once you are logged in, there will be a button to start your investment which will open up the below window:
You can choose any amount (as low as a $1/day) to be invested daily, weekly or monthly into buying bitcoin. In the next window, you can set the target amount to reach before your SIP automatically closes.
Rest of the platform is self explanatory and you can checkout the status of your investments from the Dashboard.
I have been investing $1.3 (100 INR) daily since 8th July, during the bitcoin dip, and I am in profit as soon as bitcoin spiked today. 😂😎
I will create a detailed tutorial on how to add funds and further use this product. Until then you can try on your own. Don't forget to use my referral id/link (https://ref.bitdroplet.com/1386960) if you decide to invest by any chance. It would buy me enough coffee to keep me going. Thanks in advance, cheers!
