Wu Danru made a profit of nearly 80% when investing in Bitcoin, relying only on "this investment method"!
Wu Danru, 59, in addition to maintaining her status as a host and writer, has also founded the podcast program "Life Practical Business School" in recent years. She often discusses various business trends across industries, and she has not missed the development of cryptocurrency.
Yesterday (11th) the United States passed a Bitcoin spot ETF, which is regarded as a milestone in the cryptocurrency industry. When Bitcoin rose to around $46,000, Wu Danru suddenly posted a picture on Facebook:
"The regular fixed amount is quite powerful. This is a Bitcoin that I forgot about. I used the regular fixed amount. Because the deduction amount was not large, I forgot about it, but I still made a profit."
Source: Wu Danru Facebook
Judging from the screenshots provided by Wu Danru, she invested in at least two cryptocurrencies, with a total cost of NT$602,000, and the current floating profit is NT$436,000, with a return on investment of 72.67%. Among them, Bitcoin’s floating profit is nearly 80%.
The post received some responses. Some netizens said: "The return rate beats many individual stocks and national ETFs" and "keeps up with the times."
However, some netizens reminded that it is also important to choose an exchange, and mentioned that one of the world's second largest exchanges went bankrupt before, causing his friend to lose all his money; others suggested that she could use a cold wallet and it would be safer to manage the cryptocurrency by herself. .
Wu Danru: I am not very optimistic about Bitcoin, but I will experiment for a while.
However, Wu Danru did not tout Bitcoin itself in the post, but emphasized the benefits of the regular fixed investment method. She said that no matter what kind of investment it is, as long as it is not thrown into the mouth of a fraud group, regular quotas are basically a better choice, because even if the investment falls, you will not lose too much.
Wu Danru believed that she had no special skills, but was patient and impatient, so she adopted some kind of long-term strategy. However, you should evaluate whether you can accept losses before investing.
Regarding Bitcoin itself, she only said: "Academically speaking, I am not very optimistic about the future of this kind of anarchic currency," but she still wants to experiment for a longer period of time.
Source: Wu Danru Facebook
Well-known Taiwanese TV host and writer Wu Danru
The term fixed-term investment method in the investment community is dollar-cost averaging (DCA). Investors reduce the impact of entry and exit points on investment performance by regularly purchasing the same amount of assets.
Although Bitcoin is often regarded as the broader cryptocurrency market, it is still quite volatile compared to the S&P Index. Therefore, dollar-cost averaging can be used to reduce the risk of entering a trade at the wrong time.
Bitcoin once plummeted by 10,000 in one day, but Wu Danru still considered adding slightly
In December 2021, when Bitcoin flashed down to US$10,000 in one hour, Wu Danru said at the time: "Bitcoin is unpredictable, and its rise and fall is the most powerful roller coaster in the world's financial markets." However, even if Bitcoin is "avalanche", and she is also considering increasing her position slightly.
She also revealed at the time that she only held a small amount of Bitcoin, and had implemented a regular fixed investment method, slowly saving a little every month, and emphasized that the money would not affect her living expenses. The reason why I invest in Bitcoin is mainly to participate in observing the "turn of the wheel of the times."
In August 2022, Wu Danru had an exclusive interview with CITIC Finance Professor Zhang Daqian and mentioned blockchain, NFT and stablecoins; he also cooperated with "Bill's Financial Kitchen" many times to discuss the topic of the metaverse.
