otherbarry on Nostr: If you took out a $25,000 unsecured loan 5 years ago, at 12%, you could have ...
If you took out a $25,000 unsecured loan 5 years ago, at 12%, you could have purchased roughly 3 bitcoin.
That monthly payment would be $556.11. Over the course of 5 years you would pay $33,366.60 in loan payments.
Buying $556.11 of bitcoin once a month during that same time period would have amounted to 1.38 bitcoin.
The loan, which gave you $25,000 in capital, has you up with more than double the bitcoin if you didn’t borrow.
Using 25% less capital, buying bitcoin in a lump sum significantly out performed a DCA strategy.
That monthly payment would be $556.11. Over the course of 5 years you would pay $33,366.60 in loan payments.
Buying $556.11 of bitcoin once a month during that same time period would have amounted to 1.38 bitcoin.
The loan, which gave you $25,000 in capital, has you up with more than double the bitcoin if you didn’t borrow.
Using 25% less capital, buying bitcoin in a lump sum significantly out performed a DCA strategy.