Report: $100 daily investment in bitcoin over the past year would yield 183% return

Home » Report: $100 daily investment in bitcoin over the past year would yield 183% return
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Reddit user “jratcliff63367” recently posed an interesting question: What if you had invested $36,600 in bitcoin over the last year at a rate of $100 per day? What would the result of this dollar-cost-averaging approach? His answer was a total of 203 BTC bought over the year, with a profit of $67,119.

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.

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