That’s a whopping 183% rate of return, even accounting for the lull of mid-2013 and the recent nosedive caused by the implosion of Mt.Gox and fears of a de facto ban in China.
To help illustrate his point, the Reddit user created an in-depth Google Doc showing the details of every investment and the relative profit and loss of each day. Individual daily purchases gained as much as 651.56% value (bitcoin lows of $68 last spring) and lost as much as 55.69% (December high, just over twice the current value).
Although jratcliff63367’s results are compelling, he notes that he does not personally use such a strategy, instead preferring a more risky method of buying “on the dips” in price. He also noted that on a timeline of the last six months, bitcoin returns are far less impressive: A mere 36.64 BTC owned and a humble $488 total profit.