Recently, the price of Bitcoin has risen against the Turkish lira. 1 million TL passed. Currently, the Bitcoin price against the dollar is still well behind the ATH (all-time high) of around $69,000 that it last reached in November 2021, but against the Turkish lira. record after record It breaks.

Price of 1 Bitcoin last week 1,095,728 Turkish Lira rose. This upward movement continues thanks to the rising dollar-TL exchange rate.

Bought 1 lira Bitcoin every day for the past 9 years Maybe you haven’t thought about it, or maybe you’ve thought about it and thought, who’s going to care? Actually this Average dollar cost It is an investment strategy that is translated in Turkish as Dollar Cost Averaging (DCA). Most banks, exchanges and cryptocurrency exchanges offer this service today.

Someone who bought 1 TL worth of Bitcoin every day for nine years would be almost a millionaire today.

Although such services were not so common in those years, buying 1 TL Bitcoin daily was the most popular option. 5 minutes of your time and in return, thanks to the rising price of Bitcoin, almost you would be a millionaire.

Your total investment in 9 years 3,287 Turkish Lira and the value of your portfolio according to calculations made based on the current Bitcoin price 911,929.68 Turkish Lira it would happen. So you would have almost 1 Bitcoin.

Is it Right to Follow a Dollar Cost Averaging Strategy?

This experimental research is usually early Bitcoin investor are and buy every day Contains. However, the Dollar Cost Averaging strategy is a proven investment strategy.

This strategy is for the long term daily or monthly It can be done as. It is recommended to apply with low amounts or with the amount that investors can afford to lose. It protects investors against sharp price movements. It can also be applied to mean balancing in terms of portfolio management.

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