One of the important topics that investors are curious about in crypto and traditional markets is investment strategies. Each investor has a different approach, and the factors considered during the investment process can vary depending on the investor’s income status and risk appetite. So, how much profit could an investor make if they had been buying 100 lira worth of Bitcoin and Ethereum every month from November 23, 2018, to November 23, 2023? Let’s examine together.
According to the data obtained from the cryptoDCA data analysis platform, if an investor starts buying Bitcoin worth 100 lira every month on November 23, 2018, their investment of 6,100 lira would reach 73,007 lira by November 23, 2023. During this period, the investor would accumulate a total of 0.067 BTC. The investor would have made a profit of 1,096.84% from their investment during this period.
If an investor had been investing 100 lira per month in Ethereum in November 2018, by November 2023, they would have acquired 2.36 Ethereum, which is worth 141,208 lira, in return for their investment of 6,100 lira. Compared to Bitcoin, Ethereum has provided a significant gain, giving the investor a profit of 2,214.89% during this period.
During the bullish period in November 2021, the investor’s profit with Bitcoin would only reach 50,000 lira in just three years. During this period, the investor would have made a profit of 50,000 lira with only 37 months and an investment of 1,900 lira. With Ethereum, however, the investor’s profit would surpass 130,000 lira within 37 months from November 2021. In other words, the investor would have made a profit of 6,800% with just a 1,900 lira investment.
The investment value of both cryptocurrencies may decrease depending on future developments, but they have again reached their highest levels by November 2023. With the approval of Bitcoin spot ETF applications, the likelihood of achieving attractive returns for investors in the future has increased even more.