Freebird Flying
Woodpecker
I developed a rough draft for a 3 year dollar cost average plan to get into bitcoin. I used 1 million as an example for total net worth. How's my plan?
Note: The plan is to allocate up to 2% once every 6 months for 3 years. The Column on the right is the estimated total BTC in $. So if the BTC is going up, then I wouldn't necessarily need to add anything. I can adjust my contributions based on the total balance on those dates....I would cap out my max contribution around 2% of net worth per 6 months, or around 1 % per Quarter.
3 Year Bitcoin Plan | ||
Total Assets: | 1,000,000.00 | |
6/1/2021 | 2% | 20,000.00 |
12/1/2021 | 4% | 40,000.00 |
6/1/2022 | 6% | 60,000.00 |
12/1/2022 | 8% | 80,000.00 |
6/1/2023 | 10% | 100,000.00 |
12/1/2023 | 12% | 120,000.00 |
Note: The plan is to allocate up to 2% once every 6 months for 3 years. The Column on the right is the estimated total BTC in $. So if the BTC is going up, then I wouldn't necessarily need to add anything. I can adjust my contributions based on the total balance on those dates....I would cap out my max contribution around 2% of net worth per 6 months, or around 1 % per Quarter.
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