How much you can earn on Bitcoin in a year by investing $ 100 monthly

Investor Nick Nolan at the end of autumn 2020 decided to check on his own experience how much you can earn on the Bitcoin cryptocurrency if you invest $ 100 every month.

What is known

Nolan decided to invest $ 50 to buy digital coins on the 1st and 15th of every month. But first, he noted that everyone who wants to make money should first devote about 20 hours to studying cryptocurrencies and blockchain technology.

According to the investor, splitting deposits into several constant payments allows you to slightly reduce losses in case of sharp drops in the rate of the digital currency. Although this approach also reduces the maximum profit.

During 2021, Bitcoin was in a big storm. By the end of February, Nick Nolan had invested $ 400, and the value of his assets rose to $ 810. At the same time, in the middle of summer, due to a sharp drop in the exchange rate, the investor went into negative territory. the assets on which $ 900 was spent were valued at about $ 880.

The experiment started in November last year and ended on October 15 this year. Having invested $ 1,200, Nick Nolan increased the value of assets to $ 1,944 in twelve months, i.e. by 62%. The profit was $ 744.

A source: Nick nolan