I Invested $1,000 a Month in Bitcoin for 6 Months (Here's How It's Going)

[00:02] buying approximately $0,000 worth of Bitcoin. This is regardless of the price at that time. The goal is simple. Over time, I want to gradually accumulate more of this asset . At the time of recording this video,

[00:16] things didn't look very good. My first purchase was in October when Bitcoin cost $106,000 and that purchase is down 35%. And so on, with all the purchases I've made to date I've lost money. In fact, of the

[00:30] $5,000 I have invested, which is 5 months, today I am going to make the sixth purchase, because I am 1,200, close to $1,300 below, an average of 25%. And down here we can see the graph of how this investment is performing to this day

[00:44] in dollar terms. Obviously it's going down, but if I also include Bitcoin in the graph, we'll see that over time we accumulate more and more of this asset. In fact, I started following this strategy of buying Bitcoin monthly,

[00:56] regardless of its price, when I began to see that buying Bitcoin over time works out quite well. For example, in this had bought the same

[01:09] amount of 000 monthly for the past 4 years, today we would have invested an average of $50,000. And here's what we would have in dollars today with a profit of this amount, and in Bitcoin we would have accumulated 1.23. At

[01:23] first, something very similar would have happened to us , for example, this investment. At invested our $10,000, but here we only have $6,800 as well. As things stand here,

[01:35] we would have been losing money at some point, but over time this investment has turned out quite well. So, what I'm going to do next is buy the $1,000 for this month of March and I'm also going to register it on

[01:47] track of. You can also see how I'm maintaining control of this investment. We will make this purchase on Binance. We already reason you don't have an account in vainas yet. I'll leave you the official link in the description

[02:01] supporting the channel. This is at no cost to you, and you can also get up to $600 in welcome rewards. Also, if you'd like to learn more leave a video up here. And as you can see here, we already have the $1,000.

[02:15] So I'm going to go here to the trade section and click here on spot and here I'm going to search for BTC. Here is the Bitcoin with UST pair because we have UST and we are going to exchange it for Bitcoin. Today it's at $69,000, it's

[02:28] gone up, but well, I repeat, we're in the long term, so I'm not paying too much attention to how much Bitcoin is worth right now . I scroll down and here in purchase, here where it says Buy, we're going to place a limit order. I'm going to leave

[02:41] a limit order here. We're going to put in the $1,000 we have and then we're going to press buy. The order has now been executed. If we already have close to $1,000 in Bitcoin. This is what we managed to

[02:54] buy. So, what I usually do after making the purchase is take what I bought in Bitcoin, which is this amount, copy it, and come back here track of it, here on this platform

[03:06] called CoinSTS. Here I keep track of what I 'm buying. This way I can see in percentage terms how much I'm gaining and I can see exactly how this investment has performed over

[03:19] long-term investment, so I don't have that much of a problem with whether it falls or not in the coming months. I'm going to on this side of the asset we bought, which was Bitcoin, and here we're going to put

[03:32] the amount we bought, which is what we copied in coins, which is roughly equivalent to this amount. Here I can change the date or even different price, but I'm going to leave it as is and simply

[03:44] click save. And now, this transaction was saved on Personally, I days of each month, or is it only on the first or second day? That's how I'm going to continue, that's how

[03:57] I want to continue. If we go back to our dashboard here, we can have a little more Bitcoin. In fact, we're almost at 0.07. 7. So we'll gradually accumulate them . After that, what I usually

[04:10] do is withdraw the amount of Bitcoin I bought that I have here wallet, but what I'm currently doing is letting the purchases accumulate for one, two, or three months so I don't have to pay the

[04:23] to leave this amount here for now, but in the next month or two I'll withdraw all of this to a cold wallet, which is where I'm storing this Bitcoin long-term. And well, this video was going to be something short,

[04:36] investment was going. In fact, with the purchase I made today, that percentage, remember it was 25% down? Well, now I'm only down 20%. Since Bitcoin has fallen, with the same $1,000 we can buy a little more

[04:50] questions about strategy, leave them in the comments. I always do my best the links to our seven-entry community in the description. You can follow us on Instagram for short educational content. You can also join

[05:03] can join the WhatsApp group where you can interact with leave it here for today. Here's a related video about Binance, and here's how to create an account. I'm signing off

[05:16] how to create an account. I'm signing off for today.