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My Story: How I Buy Bitcoin under a Systematic Investment Plan (SIP)

  • I bought BTC worth ~INR 5000 from October 2018 to July 2019 every month.
  • The current value is ~INR 100000 from an investment of INR 50000
  • Even if BTC drops by 50%, my portfolio will remain green.

It has been long since I wrote my own story. Today I want to highlight the importance of investing in Cryptocurrency using a systematic investment plan – investing a fixed amount into crypto at fixed intervals, usually a month.

Last year I had an epiphany, I am a horrible investor. I was randomly “Buying the dip” every time BTC Prices went down $1000-$1500, only to see the prices slump even further and my bank account going to Zero.

So in October 2018, I decided to only invest a fixed amount in the first week of every month. Practically making my own Crypto SIP.

Since, then fortunately or unfortunately BTC and Crypto prices in general have slumped less and went up more. But, it is simple math, that in the long run this is a fantastic way to keep accumulating your favourite crypto and see some profits.

I started investing INR 5000 every month in BTC, and from April this year, I have also started investing a bit in a couple altcoins.

Why SIP is Profitable for Bitcoin!

Since I started investing, I have put in ~INR 50000, and the current value of my portfolio is roughly INR 100000, which means I have a 100% profit. It also means that unless BTC falls below $5200, I will be in profit.

But I started investing in October 2018. What if you started investing in ~64% profit as on today. Don’t believe me? Just look at the chart below.

Bitcoin Systematic Investment Plan of INR 5000 since Jan-2018

Less Headache More Discipline

If you’re anything like I was before I started this SIP, you’d continually keep monitoring your portfolio. It is unhealthy. You cannot do anything about the price of Bitcoin or other cryptocurrencies. Some cryptocurrencies plummeted by 99.99% as well.

So I personally stopped investing in unknown altcoins to try and keep maximising profits, it never worked for me. But investing a fixed amount every month has taken the load off of me. I know that I am going to keep this amount for a long time.

So with little discipline, you might be able to see that you will make huge profits in long term and it is a good thing over gambling away your money in short term trading.

Will you be placing a Crypto SIP soon? Join our telegram group and let’s discuss.

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