EARNING BITCOIN MONEY PHILIPPINES
EARNING BITCOIN MONEY PHILIPPINES
This system is simple, free, involves no smokes and mirrors (like this blog), and can be proven in less than a minute. You’re probably already using it. It is called (we called it) bitcoin cost averaging, or systematic investing.
It is this in a nutshell:
Investing fixed amounts of money at regular intervals over period of time.
The concept is simple. When you put a fixed amount of money into a fluctuating investment, (as in this case, bitcoin), you are automatically buying fewer units when prices are high and more units when prices are low. Do this over time and you’ll find that you create wealth even if the investment ultimately doesn’t go up in value.
Really?
Check this out. This is a real world illustration:
Source: https://www.coingecko.com/en/price_charts/bitcoin/php
Let's say we take out every 5th and 20th day of month starting October and its corresponding bitcoin prices. And we buy bitcoins units worth PhP10,000.00 during those days.
| Date | Investment | Price per BTC | Bitcoin units you got / shares |
|---|---|---|---|
| Oct 20, 2017 | PhP 10,000.00 | 306,526.05 | 0.0326236535973483 |
| Nov 5, 2017 | PhP 10,000.00 | 380,029.13 | 0.0263137723152959 |
| Nov 20, 2017 | PhP 10,000.00 | 417,429.28 | 0.0239561537226138 |
| Dec 5, 2017 | PhP 10,000.00 | 616,473.77 | 0.0162212903235121 |
| Dec 20, 2017 | PhP 10,000.00 | 857,496.33 | 0.011661857491565 |
| Jan 5, 2018 | PhP 10,000.00 | 912,812.03 | 0.0109551579858123 |
| TOTAL | PhP 60,000.00 | ** 0.121731885436147 ** |
This chart shows what happens if you invest a fixed amount (Php 10,000.00) in real word bitcoin every 5th and 20th of every month.
First Investment: When you started on Oct 20, 2017, the price is PhP 306,526.06 per bitcoin, so your Php 10,000.00 buys 0.0326236535973483 bitcoin.
Formula:
amount you invest / price per bitcoin = bitcoin units
10,000.00 / 306,526.06 = 0.0326236535973483 bitcoin units
The next investment, dated on Nov 5, 2017, the price of a bitcoin increases to PhP380,029.13, so your PhP10,000.00 buys 0.0263137723152959 bitcoins.
Again, remember, when the price of bitcoin increases, the number of units you will buy is lesser. And vice versa. But it doesn’t matter as long as you’re regularly investing fixed amounts.
Third investment: on Nov 20, 2017, the price of a bitcoin was PHP417,429.28, so your PhP10,000.00 buys 0.0239561537226138 bitcoin units. And so on and so forth. . .
And in the end, on your sixth investment, dated January 5th 2018, you already accumulated 0.121731885436147 bitcoin units, now worth PhP912,812.03 per BTC.
Meaning, if you sell your total accumulated bitcoin units at the current price on January 5 which is PhP 912,812.03, you now get an amount of PhP111,118.33.00
Formula
your no. of units x current price = net amount
0.121731885436147 x 912,812.03 = 111,118.33.00
Remember, you had regularly invest a fixed amount of PhP10,000.00 for 6 times. But now it is worth PhP 111,118.33.00
In other words, your total capital is PhP 60,000.00 and now that amount got you PhP111,118.33.00
So your profit is PhP111,118.33 - PhP 60,000.00 equals to. . .
You earned a net amount of PhP51,118.33.
Fair enough?
Upvoted and resteemed. What i'll do is to keep buying btc with my sbd monthly for 6 months.
That might motivate me to post and invest my earnings every month, to bitcoin.
I will do that, too. This post is easy to comprehend :)
It' s worth it. Bitcoin has made many rich and has brought out many out of poverty, what the government of these people can't do is what bitcoin and crytocurrency did, yet these government are fight bitcoin and crytocurrency.
Thanks for sharing, simple math. Pero di ko pa kaya ng 10k. Haha ill start small.
Thanks! Yes, start small to whatever amount is comfortable to you. Remember to include computing charges if there's any (e.g. commission charge, buying and selling transaction charge, cash-in or cash-out fees, etc)