What Would Happen If You Bought $100 of Bitcoin Every Month For a Year?
Here’s how much you’d have after a year.
The first time I bought cryptocurrency was in November 2017. It was a craze that I didn’t fully understand. I remember sitting at lunch with 8–10 friends talking about Ethereum, Bitcoin, and Litecoin.
I had no idea how any of it worked, but I remember looking at the price charts.
The price of one Bitcoin had gone from around $1,000 at the beginning of 2017 to over $10,000 by November. Ethereum had similarly impressive gains, moving from $10 per coin in January to $400 in November. Litecoin had gone from $4 to $70 per coin.
At that time, I didn’t have a ton of extra cash, and I didn’t understand crypto at all, so I bought around $50 of Ethereum and $25 of Litecoin. Bitcoin seemed too expensive for me.
After a month I forgot I had it.
Six months ago I figured out that I had made a Coinbase account and figured out how to log back in. I had around $120 from the $75 I invested 3 1/2 years ago.
