Buying 100 TWD of Bitcoin Daily! My Experience with "Painless Investing"
#647
GM,
I'm currently in Bangkok, Thailand, attending the official opening of Devcon7, the Ethereum developer conference. I'll be sharing firsthand observations from Devcon on Thursday, but today, I want to reflect on my experience of buying 100 TWD of Bitcoin every day over the past year.
New All-Time High
First, congratulations to everyone. BTC has broken through $80,000, reaching a new all-time high. How do you decide when to buy? Previously, when people asked me, I’d reply, “Use money you won’t need for the next five years, and buy without overthinking.” But after the ups and downs of the last few years, my top recommendation now is a dollar-cost averaging approach—buying 100 TWD of crypto daily, in whichever currency you prefer.
The turning point came in December 2023, when LikeCoin founder Kin Ko wrote an article titled “Looking Back Three Years: Buying 100 TWD of Bitcoin Daily.” Inspired, I decided to give it a try myself. The article’s details are now a bit fuzzy, but I remember he concluded by inviting everyone to compare results a year later. I loved the “future letter” concept—to look back a year later and evaluate whether that decision was right or wrong.
Setting up this “letter” was easy. I opened my exchange app, set up a bot to automatically buy 100 TWD worth of BTC each day, and deposited an amount of USDT that I would have otherwise used for a one-time purchase. At first, I’d glance at the daily buy notifications, but after a week, they became routine—until the day I got notified of a lottery win!
Lottery Win
One big perk of using a Taiwanese exchange is the daily chance to win with each 2 TWD transaction fee receipt. Over the past few months, MaiCoin blessed me with three winning tickets, totaling 1,800 TWD in prize money. Essentially, the winnings covered all my transaction fees and left me with a small profit! But the moment that really solidified my love for this “100 TWD a day” approach was the day the bot was forced to pause. I’d forgotten to top up my account, so the bot ran out of funds and stopped.
One Winning Lottery Receipt
I suddenly realized I might have found the secret formula for becoming a crypto millionaire—buy and forget. We've all read stories in the news about people who became crypto millionaires. While some are likely die-hard believers, the most envied are often the "lucky ones" who bought in at a low price years ago and only recently remembered their holdings. Now, that kind of luck can be recreated.
I’ve made 235 purchases of 100 TWD each—a modest total. But like a mathematical formula, it’s something anyone can follow.
If you’re risk-averse like me, start with your local currency. The key is to make it a small enough amount to forget about. The essence of “buy and forget” is just that—forgetting. Only when we forget can we rediscover it later with pleasant surprise. If I’d set my daily buy amount to 100 USD, I probably wouldn’t forget it, and might even shut off the bot if prices dipped for a few days. That would defeat the purpose. The “right” 100 units for each person will differ; the goal is to make it forgettable. Let the bot remember for you.
The timing of sharing my story about buying 100 TWD of Bitcoin daily is intentional. First, I’m nearing the one-year mark and will soon be able to “compare answers.” Secondly, seeing BTC hit an all-time high reminded me it might be time to switch the bot from buying to selling daily. I don’t want to repeat the mistake of holding through another bear market, ending up with only coins to my name 😂
Steady Selling
Selling is harder than buying.
Years ago, I used to say I’d never sell because I wanted to avoid deciding when to sell. But now I’m less “loyal.” I still believe in the long-term potential of crypto, yet cycles in coin prices are a reality, and there’s no need to sacrifice quality of life. So, my plan is to start automated selling as the price stabilizes at record highs (still looking for the right tool).
My strategy is to sell 100 TWD daily. Since the price has risen, it should take longer to sell everything I originally bought. If it drops below 80,000 USD again, I’ll switch back to buying. With such a small amount invested, this is still an experiment—I’m nowhere near striking it rich. But if it works well, I can gradually increase the amount. Time is the key factor.
I used to think selling meant a lack of faith, but now I see it as a way to engage in crypto with more freedom. It’s about finding a sustainable strategy and sticking with it over the long term.
(Attached are referral links to MAX Exchange, BitoPro, and XREX Exchange. Feel free to use them!)
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