$1,200 stimulus check in 2020 = $12,392 in 2024 - page 2.

btc78

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Quote from: yhiaali3 on May 27, 2024, 09:31:25 PM

I guess after two or three cycles the same comparison will be made and people will wish they had bought at that time, after 10 years those who didn't buy now will regret it and say how stupid we were for not buying cheap in 2024 Tongue

!!!

People still regret not being able to have known about bitcoin at 2009 and not investing at an early time. Now it's 2024, people should focus on how they can accumulate as much as they can. We are living in today and we are seeing history be made right in front of our eyes.

I am sure bitcoin will reach $100k and we would all look back and the now $60k~$70k seem much cheaper than the price it will have in the future.

Maus0728

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Imagine if that was the thing in my country too, people would be celebrating, I guess some people just don't really trust the process with bitcoin investing. I can understand why some people don't even do it too, I mean there are people out there that would have more use of that stimulus check at that moment rather than using it for investment. I hope that this will also be another reminder of the fact that bitcoin is going to be going up and never going down, any doubts will always led you to regret in the long-term.

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Quote from: Findingnemo on May 27, 2024, 09:00:30 AM

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One more thread to make people to realize the significance of HODLing with bitcoin and as the picture says whoever bought bitcoin with their stimulus check will have over $12K in their portfolio value which is around 900% growth in a cycle we still have time to accumulate bitcoins instead of regretting the missed opportunities.

Anyone bought bitcoin with their stimulus instead of groceries?

This is the biggest "What If?" on this one.
Did most of those who got the stimulus in 2020 kept it and instead of buying groceries, they invested it and bought some Bitcoin.

There might be some who did, but most I believe didn't do it. I mean during that year, people are having a hard time on everything. Some might not have any emergency funds at that time to help them in times when they needed it. There are some people who lost their jobs at that time hence, they needed money to survive. There are some who prefer to survive than the possible profits that they can get thus, they used that stimulus to buy some goods.

I believe only a few people bought Bitcoin at that time, but for those who have bought it, congratulations because you have a huge profit currently. It's just amazing that Bitcoin outpace other asset classes in terms of profitability. Anyway, those who have emergency funds might use some of that stimulus to buy Bitcoin, but those who doesn't, didn't invest it at all.

yhiaali3

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A really interesting comparison, Bitcoin's 900% growth in just one cycle from 2020 to 2024 is really amazing, I'm looking forward to seeing what the growth rate will be after two or three cycles from now.

I guess after two or three cycles the same comparison will be made and people will wish they had bought at that time, after 10 years those who didn't buy now will regret it and say how stupid we were for not buying cheap in 2024 Tongue

!!!

So there is still time to get started on DCA. Everyone who is present now and neglected DCA is sure to regret it in the future when they see the prices and compare them to the present time.

peter0425

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Quote from: Findingnemo on May 27, 2024, 09:00:30 AM

Anyone bought bitcoin with their stimulus instead of groceries?

Who is buying a $1200 worth of groceries, man?

Anyway, if you need to sacrifice groceries which is a basic human need, then you should look for other methods in order to earn from investing in bitcoin. Lots of people would have had a hard time coming up with a $1200 to invest in bitcoin especially 2020 where the pandemic first broke out. Many people sold their bitcoin because they needed the money as they all have lost their jobs and livelihoods unfortunately.

SquirrelJulietGarden

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Quote from: nelson4lov on May 27, 2024, 05:47:44 PM

Darn! That's an interesting fact. Unfortunately, there's no statistics to show how many of the stimulus folks bought Bitcoin with their stimulus check. It would be an interesting fact to know and even more interesting fact would be how many of them are still holding?

It is more realistic to think that most of people received that stimulus check already spent it when a new bull run comes. They mostly are not seriously with it as a long term investment so they have no reason to hold it for a long time.

Quote

Thar FTX collapse would've shaken off plenty of plebs. My key takeaway from this thread is that Buying Bitcoin during the dips have proven to be a solid ROI opportunity. It would be interesting to see how much higher bitcoin can go as new bitconers buying at this prices hope to sell higher.

FTX fiasco is terrible and it makes capital of many people vanished within a week and severity of this fiasco can be bigger than Terra collapse because FTX is a big exchange with millions of users and it is related to many other companies too.

However I don't see connection between people who have stimulus check and FTX fiasco. The following website has more information about stimulus checks.
https://www.bitcoinstimulus.net/totalstimulus

To be honest, I don't know about the stimulus check story but years ago, there was massive airdrop with $100 in Bitcoin to MIT students. It was distributed in 2014 and most of students sold their bitcoins to enjoy.

MIT students to get $100 worth of bitcoin from Wall Street donorHow many of them hold their bitcoins till 2024?
MIT students to get $100 worth of bitcoin from Wall Street donor

Quote

Undergraduates at the Massachusetts Institute of Technology will be given $100 (£59) worth of bitcoins when they return to study this autumn, in an attempt to jumpstart a bitcoin ecosystem.

The project is being led by Jeremy Rubin, 19, an undergraduate in his second year at the university, and Daniel Elitzer, an MBA student at MIT's Sloan School of Management. Between them, the pair have raised more than $500,000, principally from Alexander Morcos, an MIT alum who works in high-frequency trading in New York.

nelson4lov

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Darn! That's an interesting fact. Unfortunately, there's no statistics to show how many of the stimulus folks bought Bitcoin with their stimulus check. It would be an interesting fact to know and even more interesting fact would be how many of them are still holding? Thar FTX collapse would've shaken off plenty of plebs. My key takeaway from this thread is that Buying Bitcoin during the dips have proven to be a solid ROI opportunity. It would be interesting to see how much higher bitcoin can go as new bitconers buying at this prices hope to sell higher.

Faisal2202

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OMG why are you posting this haha, people will feel bad now, well BTW we should learn from past mistakes and analysis, so, you posted a good thing, as it made us realize the importance of investing and holding BTC in compared to trading it which requires us to bear more stress while in holding we bear lesser. Overall, holding has more benefits than trading, and we all know to do holding first we must have an investing mindset. People getting this fund, are might be in need, or have other expenses, why would they think of investing it in BTC at that time?

TBH, me when get some bonuses or money either from airdrops or from other sources, I don't think of investing it in BTC I think of using it to pay off debt or to meet other expenses. I don't know if it's natural, whenever I get money, or get the news that I am going to receive money, expenses come into being don't know from where. It's like they somehow know I am going to get money 😂.

BABY SHOES

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The fact that HODling is the real winner That's a strong hand as a holder.

Been working with DCA for over a year now and what we will see is how the portfolio grows, maybe more than 200% or even more especially when I expect 500% gain in the next cycle.

Maybe there are still many people doing that since 2020 has not been sold until now they are strong hands but somehow my hand must be itching because I want to sell it when ATH 2021. Grin

dothebeats

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This has been the hype before honestly. There are a lot of people who actually bought bitcoins or crypto with the stimulus checks they received at the height of the pandemic. Those who did were actually smart enough to take their chances and have probably reaped the sweet rewards after.

I remember that time I was also actively buying bitcoins and ETH thinking that my expenses were dramatically lessened given that I'm working remotely and I don't have to pay for transportation or gas. The rest of what I am supposed to spend outside goes to bitcoins, and it has been something that I'm actively doing even today. Lots of times I have my coins more than what I put in and it never failed me, all because I believed in bitcoin and took the chance whenever I have it.

If you missed these 'checkpoints' you can still DCA and get good returns eventually. You just have to be consistent at it and make sure that you are not selling immediately whenever the price rises.

Don Pedro Dinero

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Quote from: Findingnemo on May 27, 2024, 09:00:30 AM

Anyone bought bitcoin with their stimulus instead of groceries?

What you have to think about is that the stimulus cheque stimulated price rises. Everything, going to the supermarket today is much more expensive than in 2020, buying a house is much more expensive today and buying bitcoin is much more expensive in 2020. So I would blame the stimulus cheque rather than thank it.

Besides, it's a biased way of doing the maths. The price of bitcoin ranged in 2020 between $5,000 and $30,000. For the sake of accuracy, I'm going to assume an intermediate figure of 17,500, since the checks were given after the March 2020 crash. That would be 4x, and instead of the $12,192, it would be $4,800. And if you got it at the end of the year, it would be 2.5x, or $3,000.

So I don't buy the hype, no matter how pro-bitcoin I am.

Casdinyard

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Quote from: Findingnemo on May 27, 2024, 09:00:30 AM

One more thread to make people to realize the significance of HODLing with bitcoin and as the picture says whoever bought bitcoin with their stimulus check will have over $12K in their portfolio value which is around 900% growth in a cycle we still have time to accumulate bitcoins instead of regretting the missed opportunities.

Anyone bought bitcoin with their stimulus instead of groceries?

These kinds of posts FOMO the fuck out of the paperhands on twitter who think bitcoin's going to be the solution to their poverty. So when they spend and invest money on it and find out it's not making them any richer any quicker than they hoped to, They sell and swear against it, urging even more people to hate on it which hampers with the progress of bitcoin in general, cause instead of having newer people who are more supportive of the coin and are gonna hold no matter what, instead we have more haters who are going to swear against bitcoin even if it became the signal to the second coming of Jesus Christ.

Anyways, just goes to show how profitable bitcoin is even if it's not that "profitable" to us. Consider the fact that this is when bitcoin's still sitting comfortably in the 10k mark, what more could you have gotten if we reach newer heights in this upcoming bull season, which is bound to happen since that is the trend that bitcoin seems to follow through anyway?

Just gets me more excited to invest in and hold the fuck out of my coins until the heat death of the universe, LOL!

thecodebear

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Quote from: Findingnemo on May 27, 2024, 09:00:30 AM

That's a cool fact! I think simple facts like that will make people pay more attention to Bitcoin than trying to explain why Bitcoin is so great. It has a great "wow!" factor. You show someone this graphic and they are gonna start thinking about why they are missing out on Bitcoin. Then they start learning about Bitcoin and start understanding they absolutely should start owning bitcoin.

SquirrelJulietGarden

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Quote from: Upgrade00 on May 27, 2024, 10:04:11 AM

And for most of the time from 2020 till now we've been in a bull run with very high prices, yet one still comes away with a profit when they DCA. If you DCA then and do so during a bear market when the price is low and dropping, the profit margin will be way higher than that.

With DCA, less stress for investment and with a long bear market like 2 bearish year and one warm up year before a bull run, investors have many months for DCA.

With DCA, with many months, they will not need to find bottoms but DCA can help them to average their entry price around bottom price and it will bring very good profit in a bull run.

With DCA during a long time like 3 years, total money spent for investment will be surprisingly bigger than imagination of investor. We don't realize how much money we spent for investment, with DCA regularly, after 3 or 4 years. If we check it after 4 years, it will shock us and with profit from DCA, like x2 or x3 from bottom price, portfolio value will be bigger a lot.

Upgrade00

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Quote from: SquirrelJulietGarden on May 27, 2024, 09:48:07 AM

With $33 for monthly DCA, last four years, you will spend $1,221 so far, and its value now would be $2,500. Profit is good enough with small $33 DCA every week.

And for most of the time from 2020 till now we've been in a bull run with very high prices, yet one still comes away with a profit when they DCA. If you DCA then and do so during a bear market when the price is low and dropping, the profit margin will be way higher than that.

SquirrelJulietGarden

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It is impressive profit after 4 years but if you did not have $1,200 to buy bitcoin in 2020, you can do DCA.

With $33 for monthly DCA, last four years, you will spend $1,221 so far, and its value now would be $2,500. Profit is good enough with small $33 DCA every week. You need to be disciplined with DCA, stack bitcoin ups every week, and now your investment is good with 109.73% up.

Code:

https://dcabtc.com?sd=2021-05-27&sda=3_years&f=monthly&d=4_years&ac=3300&c=false

ROI table or ROI chart of Bitcoin will make some newbies shocked.
https://casebitcoin.com/charts#roi_chart

Findingnemo

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One more thread to make people to realize the significance of HODLing with bitcoin and as the picture says whoever bought bitcoin with their stimulus check will have over $12K in their portfolio value which is around 900% growth in a cycle we still have time to accumulate bitcoins instead of regretting the missed opportunities.

Anyone bought bitcoin with their stimulus instead of groceries?

Topic: $1,200 stimulus check in 2020 = $12,392 in 2024 - page 2. (Read 314 times)