Ethereum savings plan: twelve instalments averaged 1,981 euros, the lump sum 3,318

The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high degree of risk. Always conduct your own research.Twelve monthly instalments of 100 euros in Ether worked out at an average price of 1,981 euros, while a lump sum on the starting day cost 3,318 euros. The twelve-month calculation, the two quirks that set it apart from a Bitcoin savings plan, and the tax consequences of twelve separate purchases a year.An Ethereum savings plan buys the same euro amount of Ether every month, whatever the price happens to be. A calculation over the past twelve months shows how much that matters: twelve instalments of 100 euros, each bought on the first of the month, worked out at an average price of 1,981 euros per Ether. Investing the same 1,200 euros in one go on the day of the first instalment would have cost 3,318 euros. That is not a recommendation, because a single year proves nothing about the next one. What it does show is the mechanism: what a savings plan lives on, why it bites harder with Ether than with Bitcoin, and what twelve separate purchases a year mean for tax. All figures here c...