Bitcoin Forum

I am away from my home working in an office and it is hard to manage both work and house at the same time for me as i came late from office. So most of the time I order food online say 3-4 times in week and was happy with that until the point i realised that i was wasting lot of money on junk food. So i decided to have my future plans as i was already investing in bitcoin so i decided to reduce my weekly budget for ordering online food and decided to invest that money into bitcoin despite the prices and just go on investing till the time being. But i made a plan that every time i would add on the fixed budget of $10 extra to btc investment and from next month increased my intial investment by $10 also.For example say my weekly budget or food expenditure was $40-$50 weekly on my 3-4 order i would reduce it to half and say invest $25 weekly and next week it would be turned to $35.Along with this I was also planning to buy some gaming stuff for my time pass but i dropped that idea for the same reason and decided that i would keep on investing in bitcoin only not any other altcoin also .So this was my plan and investment was done every week.

1^st Month Investments

Week     Investment    Bitcoin aqquired       At price

Week 1: $25                 0.0005                   $49150.53
Week 2: $35                 0.00094                  $37002.44
Week 3: $45                 0.00114                  $39294.20
Week 4: $55                 0.00147                  $37575.18

Total 1^st month bitcoin investment in my portfolio stood at : $160

How much btc were bought:  0.00405


2^nd Month Investments

Week     Investment    Bitcoin aqquired       At price

Week 1:  $35                 0.00093               $37345.12
Week 2:  $45                 0.00117               $38347.06
Week 3:  $55                 0.00163               $33723.03
Week 4:  $65                 0.00185               $35040.84

Total 2^nd month bitcoin investment in my portfolio stood at :  : $200

How many btc were bought:  0.00558

3^rd Month Investments

Week     Investment    Bitcoin aqquired       At price

Week 1:  $45                 0.00132               $33855.33
Week 2:  $55                 0.0018                 $30456.06
Week 3:  $65                 0.00162               $40111.19
Week 4:  $75                 0.0018                 $41524.96

Total 3^rd month bitcoin investment in my portfolio stood at :  : $240

How many btc were bought:  0.00654

4^th Month Investments

Week     Investment    Bitcoin aqquired       At price

Week 1: $55                 0.00115                   $47786.53
Week 2: $65                 0.00094                  $46389.44
Week 3: $75                 0.00114                  $49291.20
Week 4: $85                 0.00147                  $48989.18

Total 4^rd month bitcoin investment in my portfolio stood at :  : $280

How many btc were acquired this time : BTC 0.0058


5^th Month Investments

Week     Investment    Bitcoin aqquired       At price

Week 1: $65                 0.00152                   $42711.63
Week 2: $75                 0.00157                  $47675.47
Week 3: $85                 0.00154                  $54978.20
Week 4: $95                 0.00153                  $62034.18

Total 5^rd month bitcoin investment in my portfolio stood at :  : $320

How many btc were acquired this time : BTC 0.00616

6^th Month Investments

Week     Investment    Bitcoin aqquired       At price

Week 1: $75                 0.00131                   $57014.35
Week 2: $85                 0.00131                  $64801.47
Week 3: $95                 0.00154                  $61422.50
Week 4: $105               0.00177                  $58453.49

Total 6^th month bitcoin investment in my portfolio stood at :  : $360

How many btc were acquired this time : BTC 0.00593

7^th Month Investments

Week     Investment    Bitcoin aqquired       At price

Week 1: $85                 0.00149                   $56792.53
Week 2: $95                 0.00185                  $50582.63
Week 3: $105               0.00226                  $45894.85
Week 4: $115               0.00243                  $46880.28

Total 7^th month bitcoin investment in my portfolio stood at :  : $400

How many btc were acquired this time : BTC 0.00803

8^th Month Investments

Week     Investment    Bitcoin aqquired       At price

Week 1: $95                   0.002                       $47414.53
Week 2: $105                 0.00227                  $45752.44
Week 3: $115                 0.00277                  $41407.20
Week 4: $125                 0.00349                  $35791.18

Total 8^th month bitcoin investment in my portfolio stood at : $400

How much btc were bought:  0.01053

9^st Month Investments

Week     Investment    Bitcoin aqquired       At price

Week 1: $100                 0.00276                   $36211.53
Week 2: $100                 0.0024                      $41748.44
Week 3: $100                 0.00234                  $42586.20
Week 4: $100                 0.0027                    $37075.18

Total 9^th month bitcoin investment in my portfolio stood at : $400

How much btc were bought:  0.0102


Total Bitcoins aqquired with $2800 = 0.06282

I got bonus from my office this month for extra performance along with my paycheck so i decided to to go mile extra this time with bitcoin investment and invested another $100 from the same bonus to bitcoin investment and will make some bonus investments as I get them with my paycheck.

BONUS $100 INVESTMENT AT $43600 = BTC0.00229
 

I have doing this from past three months now and planning it to carry on for long time as i know that my returns will be high in long run and my wasting that money on my food items would have given me happiness and relaxation for few time but this investment at this time would be long lasting and give me pleasure and joy for lifetime. So I decided to compromise my that things for bitcoin investments as it will surely have more value in future when every other assest will be depreciated with inflation but my this investment will prove worthy at that time.



Speaking frankly I was happy at this dip as i was getting big share at small prices and they don't even matter for me because i was not into trading and my sole motive was to invest and hold for long time no matter what the prices are and will be.I have decided to follow this plan for atleast 6 months and will keep posting the updates on this thread. So i am constantly reducing my miscellaneous expenses and allocating that funds towards bitcoin and i will not panic with any price dumps and afford to loose that money(but it will not happen as i am optimistic) and will hold that coins until i need to use them.Till then my 6 months chart is on for investments  ;)

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EDIT: The thread has been updated with this month DCA investments and Bonus investments made by me and will keep this in same manner.

You'll probably be inflationarily secure, but I'm just adding some wise words from John Maynard Keynes:  “In the long run we are all dead”.

I think that calling the thirty thousands a dip is nothing, but bullishly misleading, except if you dare to call every price a dip after the ATHs. Bitcoin made a correction three months ago and some people still call this a dip.

I wonder until when, we'll measure with dips and ATHs this currency... Maybe forever...

Congrats! You'll make it a habit if you keep this up. I hope you get a raise or have a side job since you're increasing your BTC investment per month. You cannot keep on reducing your food budget can you?

Have you explored blockchain games with "play to earn" feature? Rewards are in altcoins but you can always trade them.

I feel this is a pretty good long term investment plan and I am getting an idea for my future, this long term investment habit is a pretty good habit, it doesn't give us returns in short term, but in the long run, it will definitely be a good future.

If investment is your goal, then the price drop from month to month doesn't matter even if it's an advantage, because holding in the future is the real goal, one that will make you feel at a loss. without looking at the price

Interesting.
Ofcourse, it's better to invest in Bitcoin than on junk food, things that are bad for you or things you don't need. It's important to still invest what you can afford risk, so you don't get too attached to you coins. There should be other important things in life that can be profitable to you when you invest in them. Wish lots of the important things can be solved with bitcoin (decentrally) for the benefit of Bitcoin economy

As long as you are eating healthy and putting some money aside to invest in Bitcoin.. then I will be happy with your strategy. I know a lot of people dropped some bad habit like smoking and they invested that into Bitcoin ..and that is truly commendable. Fast food is also a bad habit and it is expensive too....

There is nothing wrong with some cheaper home made food... so why should we have to dump thousand of Dollars into unhealthy fast food.  ???  Will you be editing and updating this thread or will you be creating a new thread?

A great decision ever. It's because by reducing junk food you are saving your health and on the other hand by saving Bitcoin your building your wealth. It's quite interesting and I appreciate your decision. Better once you can leave eating junk foods permanently. It's really not useful for your health rather than it's harmful to your health & wealth as well.

There is something that we can take a lesson from your story. For those who are familiar with Bitcoin, it's a golden opportunity for us to save Bitcoin for our future. And saving small amounts will not make a difference in our current lifestyle. But it will impact in our future like.

Indeed interesting. Did fees eat a significant part of your purchases? You did not invest huge sums frankly speaking. I remember buying Bitcoin on coinbase and paid 1 euro for every action on an exchange. 1 euro for eur>btc exchange, 1 euro for btc transaction. If I would have bought Bitcoin for 25$ there, fees would eat 10% of my investment… That is hell of a lot.

I love it, people complain all the time that bitcoin is too expensive and that is why they are buying altcoins, they forget that you do not need to buy a full bitcoin, if you only have a 50 dollars a week or a month then you can invest that, obviously you are not going to become a millionaire with that kind of investment in a single year but you will earn money, and even more importantly your wealth will be safe from the inflationary measures imposed by the governments and that is invaluable.

I really encourage your enthusiasm and your persistent, and to come to think of it there are a lot of unnecessary things that we spend our money on that we can allocate or it is better for us to invest it in other things like bitcoin, i like you started with trying to put some of my extra money and invest in bitcoin by avoiding all the unhealthy and unnecessary things, and now even though the rate at which i invest has gone down but it still do it it. and i encourage any one who wants to invest in bitcoin to do it.

I really appreciate and am happy for you because you managed to collect bitcoins at a price that I think is like a very big discount and you are directly one of the ones I want to follow right now :)
I think in the future you will get tremendous profits if you are not tempted to sell your current assets. at least for a few months or a few years hold on to the assets you currently have and if necessary add more little by little I'm sure you will avoid inflation in yourself and your family.
Hopefully this will be a reference and an example for me and the people here

Highly inspiring for those who say they don't have money to buy btc. People don't need a lot of money, in fact they have got 8 decimals available as Satoshi units to buy btc for their low portfolio if they can't afford a big chunk of btc. Applause to you for sharing such an inspirational story and give newbies a new way of looking towards investing in btc. For some good that we expect for our tomorrow, we must sacrifice something today.

I like your courage and focus in achieving your goals which had really helped you to save some good cash which could be more than your expectations as time goes on. Keep it up cause it is a challenge to everyone of us that spend exorbitantly without thinking of saving, maybe because their is substantial funds to play around with. It is not wise spending without planning but you have really showed us a way out of the addiction of extravagant spending.

I bet you, you are still going to be surprised after all this Savings that looks like nothing to you now because it is brought out of nothing, excess spending which may not be noticed because of your saving ideology. Bitcoin is falling and rising which might affects the market now and the price you are buying it, but just be patient to hold your coin cause it can be a good source of revenue for you in the future. It is very certain that the price of Bitcoin is still going to break the $65k resistance skyrocketing the price if that eventually happened.

You'll have a great future if you continue accumulating consistently and if you hold it in for the long term.
For me, this is an effective strategy and I like it because you are buying regardless of the price of bitcoin.

The timing now is really good because bitcoin is in the correction stage and we might see it dump even more, below $30k.

With that, you'll be able to accumulate more BTC due to the cheap bitcoin price.

Good plan indeed, it just shows with good financial planning you can go and stacks sats in our own little way. And this also proves that for average Joe like us, who can't afford to buy 1 whole btc, which by the way is the mindset of newbies, and very wrong by the way. We can just accumulate in small portions or at least save with proper planning just like what the OP is doing in the last two months or so. This bitcoin investment is a long game, a marathon and not a sprint. And the winner is those who have patience and mental focus, so congrats and hopefully others might follow what the OP is doing.

Congratulations for this decision and thanks for sharing your personal investment's strategy with the public. If people realized how much money they waste in superfluous things they would understand why they aren't able to improve their financial life. Details like not spending in games or street food (that is a lot more expensive than cooking at home) make all the difference.
And it's not about being a miser person, it's just a responsible decision to save money for the future and present a progressive line of financial development along the years, what is really good for our welfare and self-esteem.

Slowly but surely as long those funds aren't used for living or expenses or savings then it should be fine.Im having the same move on accumulating bitcoin but only on monthly purchases

and everything would be random in terms of amount because I do make use of those extra money I do have after I had paid up the bills and everything is already organized.

Somewhere in between $100-300 depending if there are no other expenses or unexpected ones.Yes, it is just small compared to others but at least you are saving up.

As long as you are using funds that you can afford to lose, no matter how big or small, that would be fine. At least, you are not relying on that funds for your daily expenses. Because the volatility that you will encounter everyday will make you panic if you are relying on those funds and you may sell at a loss. But if you are looking for long-term investments, you will not be agitated by everyday movement. And with small investments, in time, you will find out that it is already a hefty amount.

I really appreciate the effort you have done this. Reducing daily or monthly spending or by moving the expenditure to buy Bitcoin, of course, is not an easy thing. Because I also ever experienced it. There are times when we lose to our desire to buy something and finally don't buy Bitcoin at a certain moment. This is the usual thing.

However, as long as we are consistent and have the responsibility to do what we have planned from the beginning, we will enter all routes, the path according to what we planned, namely investing in Bitcoin.
Of course, deciding on investment in Bitcoin is also not a trivial case. Because we must be truly brave and ready to take risks of price volatility and also the funds we invest.
Short-term or long-term investment certainly has the same goal, namely getting a profit. But the way and the risk will certainly be different. Here we are, according to the strategy we use.

And finally, keep it up. You can make a spreadsheet to register your investment in order to manage and monitor well and wise.

This is a really great plan and a lot of courage from you, I especially like your strong determination to achieve your goals no matter what, we miss such courage these days when some people are selling their bitcoin because of FOMO, if they thought like you, they would have reaped a lot of profits in the future.
I am sure that you will reap the results of your patience and strong determination in the near future because bitcoin will rise to new highs in the near future and then you will get great results, it is great that you are sharing your idea here because this can help a lot of people who have fears of bitcoin falling Surely this idea will inspire them and help them to hold bitcoins.

Will this be running for many months more as you only posted your first 2 months ? and according to your weekly investments it seems that the funds are coming from your Signature campaign payments  though there are some adjustments.

But such a great initiative and engagement hope you will make this for another years.

I am very happy and enthusiastic in starting this business and will not leave it again, because this business is very useful for the future and having a business in the long term for a business that is also quite satisfying.because in the last few months I am very starting to be enthusiastic about getting into this field, to start my umpteenth business to gain a little experience about the business that will give me a little profit

It is good till the time some investment are done irrespective of amount being invested as everyone financial condition will be different. But important thing is is to continue investing on regular basis and no matter how small, and during dips if can raise little investment will be best thing as when bounce back happens you make it good returns.

It might not look like it's a lot of money but if you think about it for a second, OP bought those bitcoin at a low price compared to the current all time high price. Meaning that it will only go up in the future if OP continues to hodl and accumulate more bitcoin. I am inspired by this because I really want to spend 1200 USD for something but I don't have a job so I can't steadily invest in bitcoin.

Congrats mate, just keep it up and never ever give up in it, because this isn't the end of your journey wherein there's still a lot of opportunities waiting for you in the future as long as bitcoin still strong and keep promising. And i know for sure you will be successful because you have such good mindset when it comes investment..

It's all our destiny in the end and we can't escape from it so till the time we and btc are alive we should we should try to enjoy our life and meanwhile save for our future also.

We have already seen ATH of around $64k this year and now they are tumbling between $30k-$35k so that's why I was saying it as dips but not crash and if we have a look at past graphs we have always been bullish man and I know that.

I already mentioned that I am working in an office so no worries about that and I am not reducing my food budget actually but just leaving my habits of ordering food online on junk food and trying to eat healthy ones at home.The junk food budget is going into these investment.

Thanks for the motivation man and yes we can always try to evade those things which are not necessary in life like junk food but btc investment cannot be compromised at this time so making this wise decision.

I will keep updating the same thread and what's the fun of making another thread about the same thing when I have already made one.So will try to update it on monthly basis for the time I am investing.

for difficult times like this, persistence is really needed to boost the optimism that this crypto business can run properly.because every month there will always be a significant.change in price, especially at this time it is the most.difficult thing we experience with price declines.that keeps.happening, hopefully.this will only be temporary for investors

You can't go wrong with this strategy so long as you keep it up in the long run. Every bitcoin investment has had returns when holding for a maximum length of 3.5 years... that is, historically in the worse case scenario of having bought bitcoin at the very top of the market in a given cycle, so long as you held for 3.5 years you would still make significant returns.

We are on the fourth cycles so far and while nothing is 'guaranteed', there is no reason to expect the current / next cycle to be any different... other than perhaps diminished returns relative to prior ones (another pattern that is already observable on the charts for the progression of the prior cycles) and lengthened cycles... the first of those being more certain than the second (whether this cycle is lengthened depends on whether we will get new ATHs by early next year or whether this is the beginning of the bear market.

Hopefully OP has a 4-10 year investment timeline, so in that case, this dip is temporary, even if it might last 4 years. 

In other words, DCA investing presumes decently strong fundamentals in the underlying (in this case bitcoin - we are not referring to crypto.. and OP specifically said that he is ONLY buying bitcoin, so your use of the term
"crypto" probably indicates that you have some muddied thinkenings about this topic), but there is hardly any kind of ability to know how the short-term might play out... so accordingly, price dips are considered as opportunities to obtain more of the underlying asset (in this case bitcoin). 

For sure, with any investment, we could well be in negative profits (aka losses - on paper) for a long period of time while we are building our base... again, if there is confidence in the underlying, then investing continues in spite of possibly being negative profits for a long period of time.. then the next part remains that profits are never guaranteed, and so if OP (or anyone else) is not investing more than s/he can afford to lose, then in that sense, there is always a kind of hope and expectations that the fundamentals are at least as strong as you speculate them to be in terms of going up in the longer term (or at least up enough that you would be in profits in the future).

I must say, this post really inspired me. And I learnt something, that is, we shouldn't panic about the price of bitcoin. But invest and have patience. Although, I have always known that Bitcoin have a bright future, and those investing today will probably make a huge profit from it. And making huge profit from bitcoin require patience, the ability to hold it still the price rises high.

i'm motivated with in your such great concept. also i'm ordering food a couple of time in every month although not in every week but i cost good money, if i can follow and try to save money for future but it’s bit challenging to reduce half of amount from my cost.

btc investment is perfect choice to others alt coins. provably you hold it for long time because you bought too high price in the first month.  

He can actually do that if he wants, I have cut down my food rations to once a day when I wanted to get something very important to me, I haven't done it yet to get bitcoin but this is an encouragement to do so, but what I think he should really not pray not to get in between him and his bitcoin Investment purchase is unfortunate circumstances that requires Money, this is the real grim reaper.
You table of purchase is complex, but it's is having result so it's commendable, I haven't thought of this but now I think I have to reread it again to know how it can be achieved by me, thanks.

Maybe there's going to be a lesson bitcoin's price doesn't always go up in months, But the OP is planning to HODL for 6 months, There's a good possibility price might go up during that time like last year but it's not guaranteed, not trying to be a duche bag but... OP tell me will remember the french fries and burgers you could've eaten if the price of bitcoin goes down under 10k USD?  ;D

Sometimes we unconsciously spend too much money to buy food, because we want to enjoy good food. In fact, we can save money by eating the food
we need, not what we want. The concept that the OP did indeed motivates us all, it turns out we really have to start thinking about our future. By reducing
our spending that is indeed excessive, and starting to buy Bitcoin. It is not easy to do that, there are some things that we have to sacrifice and we also
need patience to do that.

I think that 6 months is too impatient of a time period in order to be expecting that you have to see positive results in your BTC portfolio.  A large number of bitcoiners do not consider bitcoin as a get rich quick scheme, even  if a lot of bitcoiners have incidentally gotten pretty damned well off from bitcoin... so there tends to be a lot of value in both deferring gratification and not expecting that you have to always have positive and quick UP price performance in order to feel satisfied with bitcoin as an investment and investment strategy. 

In other words, bitcoin is quite likely strong enough to be an investment that the investor should be willing to invest and wait for 4 your years.  Of course, every person who gets into bitcoin retains discretion to cash out early or to take profits at any time whether waiting for four years or longer or cashing out in a shorter timeline if s/he feels that is what s/he wants to do, but bitcoin seems to be a very good long term investment for 4 years or greater.. so yeah, not sure how OP might feel if BTC is at $10k or some low amount in 6 months, and if he might be able to retain his conviction to continue to buy, which is likely the right approach is to continue to buy, especially if there is nothing broken about bitcoin's fundamentals....

so what creates strong fundamentals is another question, and surely there are some folks who are going to get shaken from bitcoin based on price movements or even fears about fundamentals that might not be sufficient to shake a longer term HODLer of conviction... so great price corrections and even BTC prices staying low for a much longer time than expected can be very good tests of conviction even though they are not necessary, the strong tests do happen from time to time including the BTC price going against your interests (or your projections) for much longer than you may have thought to be possible, but pure DOWNity price dynamics should not be a condition sufficient to shake anyone of their conviction if there is no other meaningful negative issue beyond ongoing negative price dynamics.

This is the art (at the same time we call it the risk) of investing in bitcoin, if there is a guarantee then most people will spend all their money to buy bitcoin  :) If he can stick to the plan then he has good opportunity to make nice profit later.


Setting his investment target for 6 months (as the minimum) is a good start, he may change it later after he see the progress on the 6th month (by the end of the year).

@OP: I have a question, what will you do in case bitcoin price to the moon again or hit its ATH before 6 months? Will you keep buying every week or will you sell what you have bought?

Well it is nice to know your strategy here and somehow it even encourages others to do as well. It may be little but it can have an impact in the future. Aside from that bitcoin market will never get tired though it may undergone a dip but it will always bounce back. This is what happen before the ATH of the present/current market recorded for bitcoin.

Anyway, bitcoin consumption will always do good especially if there are like buddy that will always bitcoin and again it can be encouraging. I myself had been eyeing to follow that kind of strategy but I need to see more bitcoin dip. It could happen once in a blue moon but once it will going to happen for sure Im in it no matter what happen I have to make sure I will have bitcoin in my wallet.

Of course you choose a wise decision because at step by step investment which already profited you first month $160
And second Month you got $200 . But I am sure that you are an experienced investor who always invest in deep and sold in at high price than your investment. Carry on your investment plans and gain more profits.

If only everyone out there had the same thoughts or efforts on investment as you.. maybe the longer they will share with each other what they do so that they can attract other enthusiasts in terms of investing in bitcoin, bitcoin can become more popular and famous with its advantages also its positive things in terms of income.

I think we are all dragons who like to collect treasures.

If you ask me why I am collecting bitcoins now, are you storing money for playing games and eating junk food for the purpose of buying luxury cars and villas after appreciation? Or do you believe in Bitcoin and simply want to own more and more Bitcoin.

If you can ignore the price to buy bitcoin every week or month and last for more than a year, it will be really great, and it will definitely be an unexpected surprise. I bought it every month in 2019, but sold it on March 13, 2020. This is my most failed decision. I sincerely hope that you can do what I haven't done well.

Of course, there is no guaranteed price performance with bitcoin, but historically, one of the best ways to invest in bitcoin has been dollar cost averaging and continuing that process, and the longer than any BTC HODLer/accumulator is engaged in bitcoin investing the more likely that s/he is in profits and the amount of the profits is likely to be greater, greater and greater with the passage of time... again .. no guarantees.

Take your example of starting out investing in BTC in the beginning of 2019 and continuing until this date.  If you had invested $200 per month (or $50 per week) for that whole time, you would have had around $6,650 invested until this date, and your BTC accumulation amount would have been around 0.715BTC, and so that would have been worth nearly $24k - so almost 2.6x in profits (https://dcabtc.com?sd=2019-01-01&sda=custom&f=weekly&d=3_years&ac=5000&c=true).  Not bad.. not bad.. especially for a $50/week or $200/month ongoing investment... and perhaps it could be an amount that you are not too attached to in terms of if you ended up losing it all, so it would be preferable that you do not get emotional if the BTC price UP, DOWN or sideways... and perhaps 10 years later, you can start contemplating whether you have enough BTC or whether you might need to change your BTC accumulation strategy.

One thing about being in the midst of the largest wealth transfer in history, it would be nice to have some of that valuable asset.. and to accumulate such asset (whether you believe that there is actually a wealth transfer or not going on), and in the process of accumulating the asset (referring to bitcoin here), you do not necessarily need to invest a lot to have the potential of profiting considerably... that's kind of the nature of an asymmetric bet, to be able to invest a little, but still be able to have the potential of profiting a lot, even if such high profit scenario does not end up playing out as high as you wished it would have and also a possibility that what had seemed to have been an asymmetric bet ends up failing (or falling on its face, completely).

Great to see that you are investing gradually everyweek , if you will maintain this increase each week then you will be putting thousand dollars after couple of months investing?

I have been doing the same thing but with fix amount per 15days( because that is my Payday) amounting 40$ every 15 days means 80 dollars a month and that is i can only afford for now.

But all the amount i earn from other money making i do is also dropping for  my investment .

Will be following this thread if how long will you make it to the top.

Impressive, you really have the courage unlike the people around who keep neglecting Bitcoin and are even too naive to think about the negative.
That is exactly, since our goal is to hold for the long term, don't mind the price today or even tomorrow because changes will often show.

Now that the price of Bitcoin continues to move down, this is another opportunity for you take. if I already have some money left in my pocket, I surely buying more but sometimes, we also think about our financial status. I think I already reached my limitation.

How long have you been doing that, bitterguy?

6 months?   a year?  longer?  It can take a while to build up your investment in anything. and the earlier you are in your investing career the longer it seems to take to see results.. and sometimes you may even feel like you are spinning your wheels for several years.. but $80 per month is not a bad amount, especially if it is manageable for you and you are not stressing out your cashflow too much. 

There is a need to also have some cash set aside for emergencies, so that you do not have to dip into your investments... so people do need to be careful about not overinvesting into something in which they are going to have to draw into at a time that might not be of their own choosing.. and that is a lot of the rational of having a certain amount of emergency cash that is just there.. just in case...

This is a novel and very good investment method. Don't worry about weekly price fluctuations and capital investment, invest in a certain amount of Bitcoin and hold it for a long time, and you will get higher profits in a few years. Reduce junk food and invest in Bitcoin to ensure one's health and gain wealth, which is a wise choice.

I am really not expecting prices to rise with great boom period shortly and don't have any worries at all.I have just decided to invest my funds for period of 6 months regularly without even waiting for price to go down or up and want to hold that investment for long period but if I will try to increase my DCA investment strategy for a longer period and completely give up on unhealthy foods and unnecessary items which only lies in my backyard.This will surely keep on going with btc investment because we are still not too late to this journey.

At least, @OP did a good job by invest in bitcoin. I suggest that you stop buying gaming stuff for a while because you need to focus on investing in bitcoin. When you can make a lot of money from your investment, you can buy the gaming stuff anytime and any product you want. Investing $360 in two months is good, and if you can continue doing that, you will have more satoshi and when the price increase in the next month, you will make a profit. But investing like that needs consistency and calm down because the price will fluctuate.

It's nice that you avoided ordering online because most of the fast-foods were junk anyway. It's not healthy and it's more expensive as well unlike if you're going to cook your own food at home.  Although, if you don't have the means to cook your own food you don't really have a choice but to always buy from them. It's a good choice to stop ordering if you want to save more, but do not be so thrifty so much to the point that you'll starve yourself. We should always prioritize our health above all because everything will be worthless if we are going to acquire diseases and die soon after.

You have a nice plan and you are disciplined if I must say because you have successfully executed your investment plan for the first two months. I really do hope that you'll be able to continue and achieve your goals in the crypto world. I agree you should not be paranoid whenever the dips happen because it's totally normal in bitcoin. Volatility is its nature after all. Since you are here for the long term I suppose, then you have a little to fear when such dumps happen. Hodl until you need your funds and do what suits you best. Goodluck!

Thank you. It would be great if I saw your suggestion last year. The cost of my Bitcoin is about $6,000, with 10 coins at the most. Unfortunately, I hurriedly sold it in fear. (That was the first time I faced such a large decline. My heart really collapsed. Because it was a lot of money.) To be honest, when I decided to invest, I never thought I would lose so much. Now I have learned to set profit and loss.

That's what I do too although I always try to make sure that I won't lose that much money during down times when I buy at a certain prices. Plus I am on the long-term so if I can, I try to choose to buy bitcoin if it's going down or the market for a week is on a red.

Yup for long term investor, we shouldn't think about the movement price in the short term. As long as BTC was created, it has a good performance and the price is always higher than before. There is no asset without bearish condition, if we are in bearish market, thats natural. Even gold that is popular as a safe asset has its own history when the price dump. We have to be focus on our saving and investment. In this pandemic, indeed all of assets have the slow movement.

For sure, a lot of people ask questions regarding which kinds of things that they can give up and not really notice, but for sure some of those same people are going to get anxious if they see a 2x or 5x price appreciation and perhaps want to sell and might end up timing the market wrong or maybe cashing out and then not buying back in the amount of BTC that they sold.  There are a lot of ways to screw up your bitcoin investment when you start to value your wealth in various consumption goods.. and start to cash out way too soon, when sometimes there can be way better strategies to cut back on the various consumption goods (whether junk food or other discretionary items), and then once the bitcoin investment quantity gets to a decent sum.. perhaps start to consume those discretionary items with other money while just maintaining the quantity of bitcoin on the side.. for a longer term time horizon of just HODLing... until reaching fuck you status or something higher up in the time to cash out timeline in the even that a person might be considering using the BTC in connection with a kind of retirement status.


Some people will base their investment quantity on a kind of consideration of something like how much it costs for junk food.. and other people might aim for something like 10% of their income... and sure there could be variance in terms of getting carried away with the amount.. and then maybe even some attempts to time the larger swings in the market too... or setting an accumulation goal and then attempting to merely maintain once reaching the accumulation goals... when you are in your 20s you might be ok. having most if not all of your assets in one asset class, but some folks do like to diversify into other assets too.. and I am certainly of the understanding that so many people lack in having any investments beyond their house so frequently they may have to start with learning about one investment at a time.. and bitcoin is likely a good one for a starting point for people who might not have any other major investments.. and build up to a certain point, whether that is $10k of value or $20k or some higher amount might depend on what part of the world you live in (what are the expenses in that area) and then also what kinds of skills do you have to generate income (some people will invest in education or other ways to attempt to increase their chances of being able to generate higher income with their skills or certificates or licenses or who they know (who you know, not what you know ideas, too)).

right, at least with free money we will be able to feel calm in investing, not only in a month or two, but we can last for years, because investment is our savings which will later lead to a better family economy. For beginners, investment is indeed more suitable than trading, trading requires expertise that requires a process, not an easy way to make money for beginners

yes ,  I appreciate your article, you are a logical and smart investor, why do I say that because the rich get richer and the poor get poorer, the rich get richer? they always know how to save money as well as time for them all with a clear plan in a logical way, I always appreciate people like you and what you share as something that makes How should I rethink my investment?

really inspires me friend, I personally sometimes still consider investing in bitcoin using personal money, by watching you buy bitcoin gradually you can collect 0.009 btc, it's like I'm shopping for something that has just been eaten or damaged, it's better to invest in bitcoin what else is currently being done  below bitcoin price

It is probably an investment for your future completely smart, persevere every day for the achievement you are trying to achieve, BTC is a priceless asset, any investment in it at this time is a wise choice, wish you will gain profit in the near future when BTC price will reach a new growth. >:( >:( >:( >:(

this is a great investment method if you only save your junk food for 12 months you will save around $1800~ over $2k (as per the numbers you listed above) in a year and you can buy about 0.05~0.07 BTC (according to the current BTC price is more than 30k $), if so, it will take you more than 15 years to own 1 BTC for yourself Personally, I probably think that your choice of investing in BTC is a wise one and your long-term vision, it will take quite a while to accumulate such a number, but anyway I I hope you will achieve some kind of profit every year with your investment, as BTC growth will form year after year. ;D ;D ;D

A saving and investment for the future worth noting, BTC is in a sideways phase during this time so accumulate as much BTC as you can, Your investments will be worth it. In the next 10 years or not time will tell because investing in cryptocurrency is always subject to great volatility that can make you lose money or make a lot of money, but now with your pioneering position, As the value of BTC over the years has shown that every investment in BTC brings a huge profit to those who know the market, so in my opinion the future value of BTC will reach to a new level of development.

It's really inspiring what the OP has been doing for two months, actually what the OP has done we can all follow, but honestly it's really hard to
have a commitment like the OP did. Even though we all know the potential of Bitcoin, but we prefer to spend our money on something that is
sometimes not useful. Thanks to the OP for making us all aware that we really have to start collecting Bitcoins from now on, before the price gets
higher and can make us regret.

I do have faith in bitcoin and that's why I am investing in it for long period but at some point I need to spend them or use them after the price will be appreciated enough so we can afford even a lambo with it(with nominal value of btc also) so why not use it then.Its not like that I am inheriting my future generations so that they will be able to use my coins but I also want to make potential use of my coins.

Frankly speaking it's not that much hard once we are dedicated to do it and regularly keep on investing how much we can invest.You think how much money we usually waste on some useless stuffs so we just need  to give up on them and just dedicate that funds towards btc.You will feel happy once you are into this and will eventually keep on following the strategy.We are not whales but it's better to be a shrimp also rather than just ignoring this.

If you are thinking of Investing those funds that you are spending in Shopping in which not that important then why not just do what OP did?
Put the amount in Bitcoin (Or at least a coin of your choice) then find profit in the following years.

Actually we can do it depending on the real income that we have regularly and consistently do it, but don't force it to sacrifice what is needed.
I have a steady job and a monthly salary and I always set aside a portion of my salary to buy bitcoins after one month's necessities of life have been met, and for the past few months the price of bitcoin has been relatively low.
and i use it to buy bitcoin every month 0.001 as long as the price is still affordable for me to make a purchase and can afford it before the price goes up high and i do it long term and i have done it several times depending on the price situation and my circumstances.
The OP's advice is also very inspiring and if taken seriously and consistently the results will be satisfactory.

At least 6 months now , though i have  second thoughts of selling when the price rose up to 64k and i did sell half of my funds and re invest when the price drops down to 40k again.

I have never thought of buying Bitcoin with such a small amount. Thank you for giving a demonstration and inspiration.
I used to think that it would only make sense to invest a lot of money.
This way of using pocket money to buy Bitcoin is easier to hold for a long time. Because there is no financial pressure.

I admire you for having the courage to discipline yourself by saving which benefits your health at the same time. Sometimes, we have to sacrifice something which includes our vices or our unnecessary routines to save and invest more in the future. Who would have thought that a small amount that we save each day could bring us a good profit in the future? It's just a matter of self-control.

The image itself is a proof that you made a very wise decision :).
Most of the investors can't make sacrifices themselves and they will prefer pleasure over investing.

TBH, we're almost the same. I also sacrificed some of my expenses just to have something to use to invest into Bitcoin and that is one of the greatest decisions that I've ever made in my life. I just hope that this story inspires all of the investors out there. That investing for the future is the best decision to do. Just continue what you are doing and for those who are starting out there, start it now and do what OP also did :)

It's not sacrificing if it's vices, that means that you are trying to rehabilitate yourself. I do admire OP too because as the quote above said which is the discipline is pretty awesome and a hard thing to maintain. You are right that it's just a matter of self-control and I think that if I have a honed one, I could've been a millionaire already.

I feel like this happens.very often in.the crypto world for the past few.months I always try to buy bitcoin in.the short term, because I always think about buying bitcoin in.the last few.months, I always want to buy bitcoin in.large quantities.for my investment center in.the future, because a few.months we also have to wait and be patient.for a long-term business.process

a good way to discipline yourself and stay healthy from junk food
invest gradually, I think it's efficient if you collect it, it will go to 1 btc without being charged, calculate your savings,
keep on investing buddy

Really amazed on someone does have the courage to show up and really give out updates and tracks into their investment even though this is just a small one but this would really be a long journey.

1 BTC = 1 BTC and even though it is gradually accumulated in satoshis then reaching out 1 whole btc is possible.@OP, just pursue your goals and save up only on the amount which you can afford to lose

and since these are just amounts which arent really that high but you shouldnt mind that much whatever would happen because market is unpredictable.
So dont anticipate that it could do much but having a whole coin target and reach out is somewhat do give out some boost and feel of success.

That's very good although it's so different with me. I am only a student at university so I don't have any salary at this time, my income is only from trading. I mean I sell something. I believe that this habbit will make you rich. If you think that it is okay to have bigger risk and profit then I will suggest you to buy new altcoins too especially altcoin which dumped by bounty hunter, usually this altcoin is undervalued. But you still need to evaluate the company behind it.

Fair enough... If you are in accumulation phase, then you should be pretty hesitant about selling much if any, and selling 50% is a lot, but at least that part did work out for you, even though it does not seem to be the better of practices while in an accumulation phase.  Once you have reached accumulation goals, then it becomes more justifiable to be shaving off some profits on price peaks.. but playing around with 50% seems like a lot to be playing around with.

Of course, each of us will have differing philosophies in terms of how we feel about accumulating BTC and how to deal with price seemingly obvious dips and peaks, but there still can be some uncertainties while in the midst of the price regarding where such price might be going in the shorter timeframe.


Anytime is a good time to buy BTC, especially if you do not have any... once you have a sufficient (or even excessive stash) then the buy / accumulate considerations are going to change.  Of course, getting the BTC at a seemingly lower price is best, but how do you know, except that the price is 50% cheaper than what it was a few months ago.... so sure, there may be some console in that.

at this time I have learned a lot about the world of bitcoin and how it performs for the next 2 months, as we know now that we always remain optimistic in this matter and do not depend on any conditions for everything, if we want to leave in the month This is enough for us to sell it on the stock market, but if we still want to survive we are enough to be a little patient for a process

With my Heart Pounding so fast before Pressing the Sell button lol , I personally ask my Wife's advise that time because you are correct as i am in Accumulating stage that time and Losing when increase continues to happen will really affect my next decisioning but Lucky as the situation favors me.

Bur surely? i will never risk that same action ever again, I will continue to accumulate every 15 days now without Looking for actual Price of Bitcoin in market so i don't have to have another thoughts before acting.

Yeah.. each of us has to attempt to look at our situation and the whole scheme of things.. in terms of your personal circumstances.. and how you are approaching your BTC investment.

I know that I have told so many variations of my same story over and over, so sometimes I am not sure if I should repeat some variant, but when I got into bitcoin in late 2013, I had already had more than 20 years investing in various tradional investment asset classes, and overall I had not done badly for myself – so when I came across bitcoin I already had various categories of diversification and even cash set aside .. and some variations of best practices, even though my various investment portfolios had never really had any kinds of levels of great performance.

So, I came into bitcoin looking for a kind of investment that was like gold and could hedge my various dollar based investments, but when I looked at actual gold, I did not like the fees, the difficulties with physical storage and the sense of seeming phoniness in holding paper versions, so bitcoin struck me as a great substitute for something like gold, but for about a year of DCAing into bitcoin and kind of attempting to front load my investing into BTC, I still really did not have comfortable in terms of what my target accumulation number was supposed to be until somewhere when I got to the end of 2014, and I had invested around 10% of my total investment portfolio into bitcoin.. so therefore, it kind of struck me, at that point, that my BTC investment had reached a high enough level, and I no longer needed to feel any kind of urgency in terms of whether I had enough stake or if I felt that I was sufficiently prepared for UP, in the event BTC prices were to go up from that point.

Even though by the end of 2014, I felt that I had enough BTC, through much of 2015 and 2016, I still continued to DCA buy into bitcoin and whenever I sold any BTC, I felt a kind of urgency in regards to buying back whatever I sold within that same week or so..   

I figured by the end of 2015, my BTC accumulation level had gotten to be around 13.5% of the value of all of my investment portfolio, so I started to feel that I was overinvested into BTC, because somewhere along the line I had concluded that my target level was supposed to be 10%, but I had gone beyond my target.

I understand that it might sound a bit strange, because even after I figured that I had overly invested in BTC (in terms of my own goals/targets), so I had developed some willingness to sell portions of my BTC as the price went up, but somewhere when BTC prices went from $600-ish in late 2016 to $2k-ish in early  2017, I started to conclude that I did not even want to sell BIG chunks of BTC and I was just going to sell small chunks up whatever price increases and just let the whole matter play out however, it would… so we know what happened in terms of the price going up to $20k andf then correcting back down to $3k and then getting stuck in $6k to $9k prices for a decently long stretch of time.

So, of course, my way of dealing with bitcoin as an investment might NOT be a very good role model for anyone who might be in their first 20 years of investing, because bitcoin was not around for my first 20 years of investing… so having a current option of bitcoin and figuring out how to deal with it can be quite challenging, even though there are a decent number of people in bitcoin in their early years of investing who have concluded that attempting to take an aggressive stake in bitcoin is an important approach to the matter… so one of my concerns is that I generally do not believe that selling BTC to accumulate BTC is not a good accumulation strategy until you reach a certain higher or overly higher level of accumulation.. yet I know that the way that BTC accumulators set their targets is going to vary… even if they recognize DCA buying to be a great longer term, BTC  accumulation strategy.

It's good that you have thought about btc accumulation at this time also because even if we start stacking sats aslo at this time without going for whole bitcoin.People claim that bitcoin is at high price and they can invest that much money in many other investments but who is asking you to get full btc and instead go for whatever you can afford.So it's better to have that mindset and have fun in long run.

Many might be learning from this post and try to have their plans setup for btc accumulation and some might also doing the same but all we need is to invest however we can.Rest thanks to @JJG for making this thread more interesting and inspiring newbies and other by giving them some knowledge and motivation for such purpose and answering them in detail.

As I congratulate you, I also express my gratitude. This is a very good investment idea and habit. From your article, you can see that your mentality is very good and it is worth learning and learning from. In fact, many times we need to continue to summarize and review, clarify the plan, and stick to it. Hope to see your posts one after another, this will be a wonderful thing, come on, brother, I will follow you.

Very interesting breakdown of your weekly investments in purchasing bitcoin.

To be honest, newbie investors should follow or at least consider your method if ever they decided to invest or acquire some BTCs for either short/long-term basis. It is very straight-forward and easy to comprehend. In addition, I also thought of investing but I never truly attempted to do such but seeing actual results (like the one you made) makes me realize that the potential in earning profit on long-term investment is relatively high.

Keep up the good work and also, keep this thread updated!

To be honest there are many things in life that we can do without and the money for it will be used to do crypto. Like cigarettes, gambling money, junk food expenses, fast food expenses, transport expenses being taken out of the budget even if you are working from home, cinema time, toys and collectibles, and many others. The only challenge that we have to face would be the discipline needed for us not to succumb to temptation of using those money for your habits.

This will help especially newbies to follow your method in acquiring bitcoin sucessfully even in a slow manner. This is a slowly but surely process because everything comes up from your plan.

I realized that no matter how small you started your investment, as long as you know how to take things in a positive way consistently, you will really get there in your destination even how long will it take.

In my opinion not only newbies but we all should have the mindset to invest whatever we can afford into bitcoin so that we have secured future ahead.I have shared my journey with you all so that you can all have some motivation and cut off your expenses to some extent and contribute the same towards btc.You might not get another chance to get it at this price so just go on with this.

Will surely keep the thread updated man and keep you updated with my ongoing journey :D

The point is the ability to manage indicators makes an opportunity to take profit at a certain time. As you've analyzed, it's not a coincidence or luck. So I appreciate more how you know when to open a position and when to release the price based on the target.

Why does it look so amazing? because you have the skills needed for every crypto trader. I trust you will share that with us, and have motivated many newbies to continue contributing to the crypto survival industry, where learning trading strategies from now on will determine how good you are at dealing with future market situations.

You seem to either be misstating the overall sentiment of OP, Sterbens, or you misunderstand the various points that OP is attempting to make both with his initial description of what he is doing and some of his follow-up discussions and confirmations regarding what he seems to want to do.

First off, he is not talking about any other crypto besides bitcoin, so fuck that nonsense about trying to proclaim that the same kinds of accumulation principles are going to logically apply any crypto besides bitcoin.  Of course, if you are going to even come close to attempting to justify that any other crypto, besides bitcoin, even has a flying fuck chance of having decently strong enough fundamentals to be investing into it for the long term, then you better get into some particulars regarding how you would be coming up with such justifications because as far as I can see, it seems that every single shitcoin (or crypto as you call them) is performing on the coattails of bitcoin and largely you have additional risk factors that come with what might be particularly happening within any kind of shitcoin, too.

Second: regarding selling, sure OP does seem to imply that he might well be considering selling some, if not all, BTC in 6 months, but surely selling does not seem to be the crux of what he seems to be attempting to consider.. OP seems to be more inclined towards some kind of BTC accumulation strategy, and surely after he assesses the space for 6 months, he may well conclude that actual selling of BTC might not be a very good long term accumulation strategy, but sure, it can be difficult to conclude what any one of us might do versus what we say that we are going to do, because I would imagine that if OP is investing into bitcoin for another 4-6 months, he may well end up learning some things that cause him to adjust his thinking about the matter - of course, many of us mere mortals do have short-term consumption temptations, too (which is understandable)... whether that be lambos or other kinds of short-term consumption (or even what seems to be investment) temptations.

Third: regarding your mentioning of trading, of course, trading does relate to selling - which is the second point above, and surely, so far, OP does not seem to be placing very much emphasis on "trading" - at least not so far.  In this regard, there are a whole hell of longer term bitcoiners who argue against any kind of trading of BTC - and sure, each person will have their own personal considerations in terms of whether they believe that trading might be a good thing to try in order that they might lose some of their bitcoin (even while having goals to gain more bitcoin), so trading does not tend to be any kind of obvious strategy that works for hardly any normies.. and does a decent amount of time and practice to be able to become good at it, and even  people who are fairly good at those kinds of things get nervous about employing trading techniques prior to reaching (or perhaps exceeding) their BTC accumulation goals through more conservative (tried and true) means such as DCA buying, buying on dips, lump sum buying and HODL (without fucking around with selling any of their BTC until they reach a certain level of BTC accumulation or overaccumulation in terms of their own framing of their BTC accumulation goals).

I can boldly tell you this is a wise step you have taken in securing for the future, this little token you are seeing today you will be amazed as to how it will yield you profit in the longrun but I won't want you to do this at the detriment of your health, eat good food when you need to, your body needs that as well.

Eating healthy now and making it routine along with bitcoin investment as my weekly meals which is going to improve my health over long time.If you know what i mean and third month btc investment have been accomplished now :D

I admire that you will not panic and sell your bitcoins when the price drops. Many people's mentality is not so good.
Every price drop is indeed a good opportunity. I will use my spare salary to invest in Bitcoin every month.
But I was scared by the market! Some time ago, when the price of Bitcoin fell, I was afraid of selling my Bitcoin. Now it is ridiculous to think about it.
Always believe in Bitcoin, it can work miracles.

I remember once a friend told me that the same thing would become a habit if I persisted for a month. I think this has become a good habit for you, and it is in exchange for correcting bad habits, and you are very self-disciplined, worthy of me to learn, and this is a very suitable way for novices. Making a plan is one of the steps to success, approaching the goal step by step, no matter how big the starting point is, you can buy on dips and stick to it. I believe you will make a considerable profit.I hope you will stick to it. Success is often based on abandoning some things first before reaping other things.For newcomers who have just entered the forum or market, this will be a good example.

I think that BTC accumulators who have a fairly modest BTC investment level that is at such a modest level that it could take them 10 to 20 years to potentially reach fuck you status (presuming something like $2 million as a kind of general tentative target entry-level fuck you status), there tends to be a kind of realization that even if bitcoin goes through some extensive dips, the best of their strategies is not to be attempting to screw around with attempts at selling and buying back lower.. but instead, just ongoing buying.. and sure, if they start to get close to their fuck you level (let's say higher than 50% or so), then maybe they can try to employ some more advanced strategies that largely attempt to preserve their vast majority of their principle, so they are not screwing around too much with putting their principle at risk.

Another thing that many of us longer-term bitcoiners have likely found (and gosh not even sure if I can truly count myself as a longer term bitcoiner because I am still a bit under 8 years of bitcoin investing), there can be periods of very strong compounding effects in bitcoin, so perhaps being 30% to 50% towards the accumulation goal (or value goal) can end up witnessing the goal seeming to be far away and then all of a sudden you are at or exceeding your goal in a matter of no time... just imagine feeling a kind of floundering while BTC prices were bouncing around largely between about $4k and $8k for a lot of times during 2018, 2019 and even into 2020, and even if the BTC was getting somewhere in the territory of having had accumulated something like 20 BTC.. and then feeling that those 20 BTC were not even worth a whole hell of a lot because they were like 10% to 20% of the investment target of $2 million (remember before 2020, I had largely been considering $1 million as entry level fuck you status, and sure even now there are some people who will feel content in transitioning into fuck you status with $1 million in value, but since March 2020, it seems much more prudent and much more generally applicable to suggest that $2 million is needed for entry level fuck you status).  

Anyhow, getting up to around 10% of fuck you status level with around 20 BTC and BTC prices getting to $10k  would have caused some concerns that the actual reaching of fuck you status was many years into the future, but then BTC's price spike up to $64,895 then would have shown those BTC to have reached a value that was about $1.3 million, which is really 65% of fuck you entry level status, but then they went back down to $30k ($600k, and 30% of the goal), and then currently at around $46k ($920k - nearly 50% of the goal).

By the way, given bitcoin's considerably great volatility that is likely in a kind of inevitability category, I surely have developed my own assessment of the value of my coins based on the 208-week moving average rather than based on all over the place BTC spot prices..  (call me a fuddy-duddy, if you must).  So the 208-week moving average is currently at about $14,500 (and tends to be moving up quite greatly in recent times), so with my presumption, fuck you status would not be reached based on current 208-week moving average price until you currently have about 138 BTC  ($2 million / $14,500).**  That kind of a conservative assessment of fuck you status seems safer to me, and I really would hate for anyone to prematurely enter fuck you status based on spot BTC prices and not having had adequately and meaningfully accounted for BTC's inevitable price volatility... so no one is going to save you if you prematurely pull the fuck you lever when you believe that you have reached fuck you status, and you had not made reasonable assessments of the actual sustainability of your wealth and the withdrawal system that you intend to follow that hopefully allows you to maintain a lifestyle that is at a level of your preferences - and hopefully within your budget that you can continue with it in a kind of perpetual way, if you were to be so lucky as to live so long (which of course, considering lifespan and death are additional considerations)....  

**By the way, the fact that we both seem to be in a bull market and the fact that the current spot price is about 3x the 208-week moving average, it may also be prudent to use the 104-week moving average as a jumping off point for the current anticipated bottom (which is nearly $22k), and even project ahead with a 20% per year appreciation of the 208-week moving average while using the current 104-week moving average of $22k as a starting point... In that regard, the current fuck you status would be reached with about 91 BTC, and the projection ahead to 2025 (4 years from now) would take about 42.5 BTC based on about a 20% per year projected increase in the 208-week moving average (which may or may not end up playing out so aggressively - or it might end up playing out more aggressively, time will tell).  

Anyone following these concepts and wants to see a chart?  Let me know, I will supplement this post or create another post and link to this one if anyone wants to see how the anticipated BTC bottom prices project out.


How about you, MIldic1c? 

Have you followed some kind of a similar plan like your friend had suggested to you?

One thing that I frequently recommend is that a person make some of the initial preparations of setting up accounts and surely starting somewhat small to get used to it, but of course, sometimes when newbies engage in their earliest stages of analyzing their personal situation and even figuring out how much they are able to spare to invest per week or month, they will sometimes learn that they can be more aggressive and even front load their investment into BTC a bit.

Of course, there are some people who are able to figure out that their personal circumstances do not put them into a position in which they are really able to front load their investment into BTC.. and therefore, they end up just doing what they can in terms of maybe something less aggressive - even something like $25 per week or $100 per month can end up adding up to a decent amount invested 5-10 years down the road and without really putting any BIG dent on other cashflow matters/concerns that newbies to bitcoin might have.

I accepted the suggestion of my friend. At this age, I don't think it's time for waywardness. In terms of things to be done, I will make full preparations in advance and do all the preparations. Sometimes, the purpose of changing oneself is to make oneself better, and people always have to move forward. So even as a retail investor, the initial investment is not much, but Bitcoin will not let us down. I have read and researched this article completely. Persistence is king.
I have also seen your careful and positive response to this post, which makes me very interested in studying it, and there are many parts I will digest over and over again. ;)

This is encouraging and from the look of things this looks more like a hodlers journey to 1 BTC as you are buying almost every week which doesn't regard price of bitcoin that week, if am correct continue on  this journey. I regret not embarking on the same journey when price was much cheaper than it is today by now I should be having a good amount of btc.

Selling your bitcoins is not an ridiculous idea if you are need of funds at some point but not making investment and still ignoring the market making missing the boat excuses is an actual worse move on our part.It is good that you didn't panic sell in last dump which can prove miraculous for you soon and new ATH are on your way.For me i don't care about the prices actually and have not set up any price expectation limits to sell off because i am at accumulation stage which is going to benefit me over time.

Due to some work i was busy and not able to update the charts of my DCA investment for the regular 4^th Month into bitcoin.It was happily going and contrary to others these dips were not shaking me off but giving me chance to stack more coins at some discounted rates.So here goes my bitcoin investment weekly journey ready to be shared with you:

4^th Month Investments

Week     Investment    Bitcoin aqquired       At price

Week 1: $55                 0.00115                   $47786.53
Week 2: $65                 0.00094                  $46389.44
Week 3: $75                 0.00114                  $49291.20
Week 4: $85                 0.00147                  $48989.18

How many btc were acquired this time : BTC 0.0058

I am sharing this with you guys not because as show off or something like that but just to promote bitcoin investment healthy culture among the community so that more and more people get inspired from it and invest for their future not waste them on junk foods and any other shitcoins.There are lot of other coins but my priority is to one and only bitcoin and says only one.

One other good news that although i am cutting my junk food expenses and at accumulation phase buying more and more btc there are two positive points that have helped me with this.

I am already in profits and holding them for long term and don't mind the prices now and imagine the time when it will be worth more

The second part is to my surprise is that i lose my 6-7 kilos weight and some minor problems which were due to junk food have been resolved now.So now having btc has helped me to remain fit and give me profits meanwhile.I don't know why people criticize it as they are just going the wrong way.

Now going for next month journey guys ;)

I also do the same, because I have an overweight body so I deduct a few percent of my food needs to add to my regular investment every month from the rest of my salary.
and I have been running this program since last month and the result I lost 5kg and I am very happy, and besides that my investment also increased because there was an addition from my food ration which I reduced and my investment was made for the long term and only bitcoin was prioritized.
my weight loss target is 25kg and currently only 5kg still remaining 20kg and i will do it until i reach my target weight and keep cutting my food ration every month to increase my investment so i get two benefits, one i can lose weight body gradually, and both my investment so there is an increase.

Reducing these types of expenses have not only physical benefits but also have some financial ones like in our case.If not investing in bitcoin then also you should control these types of junk food habits not leave them completely i would say but cut your budget from them and save the funds in any way you see good.Like in your case you have set weight loss targets and investing the same amount which will give you good return in future.But i would also say if you have invested in bitcoin then don't panic with these small or big dips if you are planning to hold for long term.

My case is entirely different that i have not set any limits that i need this much profit or will invest till this time as my extra funds which were earlier wasted on junk food are now being diverted to it and i want to hold them for 3-4 years or more and have not any expectations due to which the fluctuations don't bother me.But always have your investment planned in best possible way so you don't face any financial problems.

That's a good strategy. Since you don't have any limits on profits or losses you now have a free mind.
A free mind is what is needed to hold patiently for a long term. Holding long term definitely gives profits.
So just by accumulating at regular intervals you are at a path of definite profits.

Even I am following the same path and accumulate whatever I can whenever I can.
I am holding for a long term and so far I have got decent returns on my investment.

Interesting story, according to you, the purpose of this investment is long term, however, I'm wondering how you considered Bitcoin as your best investment? Don't get me wrong, but, the amounts being invested are quite small, considering Bitcoin's value. I believe that sometimes, investing in some other reputable altcoin, such as Ethereum, Cardano, Binance and many more, is deemed more profitable than purchasing Bitcoin.

I am sure that if he can invest in Bitcoin continuously with that kind of method, he will acquire many.
Let's see how he always invests every week for months.
He is always trying to add around 10$ in every week start and he continues it every month.
If he can do it continuously, he will accumulate more Bitcoin.
And well, for here, with that amount, I personally like how he chose only Bitcoin. I know that he said he wanted to invest in it for a long time. So, his purpose may be for long-term investment.

Not all people can invest big, for the OP, his strategy is working for him.
We have our own preferences when it comes to investments, and in this case, he opted for bitcoin only.
We also don't know if he has other funds in other alts as he only posted his bitcoin journey.
With his rank, definitely, he is aware of these other top alts that are very promising to hold.
Not many people can consistently follow their plans, so for me, he is already doing great with this method.

Yep, each person may have a different strategy or method of investment. We don't think that a certain strategy can work for all people and works every time. OP can choose a strategy that fits with him, and he also used it at the right time. I am not sure it can work as well as OP did when it is used by another one. Also, considering the current situation on Bitcoin and crypto market, not really sure it can be good to apply nowadays. A certain investment strategy can work well if it is used at the right time, but this time seems not a proper time to use it. Especially if it is applied by another person, not OP.

IMO

First of all, this thread is about bitcoin and not about various shitcoins, and surely if you are going to consider any investment you need to consider both upside and downside potential, and if you are investing blindly with a kind of DCA strategy then you are betting that in the long term the price is going to be higher than over the period that you had been buying into the coin.  Accounting for the fundamentals of those various shitcoins that you list need to employ some different calculations in terms of figuring out the various downside risks that each of them present.. including that each of those smoke and mirror shitcoin projects have way greater chances of going to zero than bitcoin and each of them is dependent on bitcoin's performance to have any value at all, even if they might have greater short term pumpamentals as compared iwth bitcoin, but we are not talking about short term here either... especially when talking about DCA, and even OP has mentioned that he has at least several years that he is considering keeping on injecting value into bitcoin.

In regards to the amount invested, of course OP had listed out his own personal budget, including how much that he believes that he has available to spare to put into bitcoin.  Historically relatively small amounts have paid off quite well, but surely we cannot expect future performance to necessarily be even close to as high as historical performance has been.

I think that in the end, people do what they can, and they should enter into bitcoin with at least a 4 year investment horizon and if they can consider their investment to be more than 4 years and maybe more than 10 years, then surely over that time they might improve their cashflow and be able to invest more into bitcoin if they are able to improve their cashflow or cut their expenses more.  There might even be some times in which windfall amounts of money might come available that can be injected into the BTC investment to add to the stash.. and surely if any of us is investing in the long term, then if we are continuing to invest into bitcoin along the way, we can assess our value and how long that we are ready, willing and able to let the investment to continue to ride.. Of course, if there develop desires to cash out some or all of the investment, then there would be considerations about whether that value is going to be used for other investments or for consumption.. and if the person is giving up the idea of investments or just considering that the investment has run its full course.

I agree with you but the problem has always been some of the investors today don't understand that Bitcoin investment usually is for the long term and doing DCA regardless of where the price also does pay off in the long run. I believe this small example has also shone some light on why DCA is one of the best ways to invest in Bitcoin for the long term.

Although @JJG already answered your questions and same would have been my said by me that for me bitcoin is the best in every perspective like prices, security, payment and guaranteed future growth whereas those coins you are taking about don't have a firm future ahead if there is any technical upgradation lag.Consider the ETH the gas is too high even after the London Hard Fork and so many coins have been burned till now but still there are lot of issues and compared to bitcoin memepool is sometimes empty and you can make transaction with low fees also.But for me there are some other reasons also and bitcoin is the only fisible option to me.

As @JJG said if you are planning to hold for long term like in my case then it's not an issue and you could easily put whatever amount you are willing to do so.The DCA have helped to accumulate more coins and as you are saying the investment is less then have a look and you will find till now i have put on more than $600 and still going on with the same and considering the prices owning a fraction of bitcoin is also worth it not full btc only.The prices have came far away and you could check price charts for it and even if it goes x5,x10, then imagine the retuns.

So for me I only prefer BTC

Fully agreed. In my assessment, Bitcoin has the best Risk vs. Reward compared to the rest in the top 100 Cryptos. The majority of cryptos react to Bitcoin's shockwaves.
People shouldn't necessarily settle on alt-coins simply because their investment budget is small. They should learn to work with what they've built up and invest in the right network while building more active income. Many are investing in alt-coins because they want 100x but they don't realize that BTC can still 100x and there's dramatically less risk involved.

Millionaires usually have businesses whose finances come from non-crypto. Yes, not everyone can accept the existence of crypto directly. We have to slow down to introduce it. Because crypto currency is not to antagonize fiat. It makes finance more advanced in the future.

Dollar cost averaging is the best way to accumulate more bitcoins and keep them for long term.  I am also buying bitcoins on every month saving and keep them locked in my wallet.

if we plant rice it is certain that the weeds will grow on their own, so are we in investing for sure, the risk will come to us, so never be afraid of risk if we invest, never look back, keep looking forward to get the benefits, if we invest in bitcoin there are definitely ups and downs, but if you want to invest in the long term, don't be afraid you will get profits, keep being patient, be strong, don't believe in negative posts,

if long term investment is your goal, I think the price drop in the last three months is not a big deal, it all depends on how you invest in bitcoin, and the extent to which you invest in bitcoin. rest assured bitcoin is the best investment for now, and for the future..

Your plan is actually doing great, the first 3 months are actually critical when you're about to make a commitment, once you get used to this habit, you'll find other ways to be happy, good food and a gaming setup would be sick, but it would definitely be better if you gain a huge profit after years of hodling and investing or trading, it's definitely a worthy plan as soon as you realize that you've been holding for quite a long time, I also reas your data on your first three months, goodluck!

I have been here for a very long time, not 1 or 2 months but it has reached the annual term, so for the time being the bitcoin price which is still not stable, I am already used to it, so in this case we do not become a very risky problem, because we very confident that the price of bitcoin will return to stable as it was a few years ago

Any person can ONLY do so much with his/her personal cashflow.  There are a lot of reasons that a person might have a tight cashflow and may well not have access to credit, either.  So making any kind of lump sum investment, as you suggest Obito, is really not a feasible option without going into some kind of possible gambling mode.

Let's say, for example, a guy has a cashflow of about $1k per month, and s/he has various expenses such as food, lodging, transportation, entertainment/recreation and other matters that cost him/her $900 per month.  So, s/he ONLY has $100 per month that s/he can invest, and I would not necessarily even recommend investing all of that in BTC.. maybe invest half or less in BTC and keep money for an emergency fund.  Once a person has an emergency fund that is sufficiently built up, then there is also more freedom to increase investments.

So, of course, any person investing into bitcoin with a 4-10 year time horizon or longer can work on increasing his/her cashflow and decreasing his/her expenses.. and even building some credit in order to be able to attempt to strategically employ debt to his/her advantage too, and each person has to consider his/her circumstances in terms of what might be feasible to potentially increase his/her investment into bitcoin, and even though I share your favorable view of lumpsum investing, not everyone is in a position to employ such a tactic - at least not at the time that they first hear about bitcoin or that they first start investing into bitcoin and/or attempting to get their finances and psychology in order in order to place some priority in building their BTC stash... which surely may well be a slow journey in the beginning... wealth building can take a very long time to accomplish, even for individuals who are very smart about their finances and psychology - especially if they are coming from a place in which they have very low level of wealth/networth that they are attempting to make better.

By the way, you may read my above description as being a young person as the newbie investor, and sure that young person status would give more abilities and brightness in terms of having a favorable timeline (so long as they do not screw matters up), but the circumstances that I describe could even be those of an older person or someone who may have not ever really been successful in building networth - including potentially putting his/her finances/psychology in very bad circumstances and figuring out ways to improve his/her finances from the negative situation in which s/he finds him/herself when first coming to bitcoin in terms of a possible investment.


Fuck crypto.

We are talking about bitcoin in this thread.  If you actually are talking about bitcoin, then start using the word "bitcoin" otherwise you are either off topic or spewing out pure meaningless gibberish by referring to such an amorphous concept such as "crypto"  whatever the fuck that is?


I know that guys should do what they want, but I personally recommend buying on a weekly basis - unless your overall monthly amount is so small that you need to lump together your whole month's budget for once per month.

I understand that there are some folks who are only able to sort their cashflow once a month or they get paid ONLY once per month, so i do understand that there could be considerations of investing all of the allocated amount when it comes in rather than spreading it out for the whole subsequent month, so sure, even though I frequently proclaim a preference for weekly investing into BTC rather than monthly, I understand that the circumstances of some individuals might cause monthly to be more practical/prudent for their own cashflow (and/or psychological) situation.


I don't really disagree with what you are saying dupee419, but investing in the long term can be a very grueling process, especially if we are looking at the small amounts that OP has been investing.  Surely, there could be temptations along the whole way in regards to building the BTC portfolio, seeing it rise in value and then considering using it to buy some consumption good or to divert it into some inferior investment.

I personally believe that if someone has a fairly aggressive BTC investment strategy, then surely s/he may well be in a better position to relax after a few years (maybe after 4 years), but if someone is investing relatively small amounts, such as OP, then there may well be a lot of temptations along the way including that the amount of value may take a few cycles before it really becomes considerable amounts of wealth... even though again, circumstances may change within the first 4 years of investing to allow more aggressive ongoing investments or even ways to manage the BTC investment in a way that allows for improvements in overall standard of living without necessarily cashing out any meaningful amounts of BTC and keeping up the ongoing investments into BTC (learning how to employ reasonable and prudent BTC portfolio /investment management strategies along the way.. and employing such learnings into such ongoing BTC investment strategies).


The idea of bitcoin prices being stable is a fantasy.

One of the almost inevitable guarantees of bitcoin in the coming years is that it is going to continue to be volatile for a quite a long time into the future.  There is a war going on, so you cannot expect stability in the midst of a war.

Of course, as bitcoin price (and market cap) likely continue to go up, it becomes more and more difficult to move its prices, but if you are expecting BTC prices to become "stable" at any time in the short to medium term (even less than 10 years) you are living in a fantasy - even if the percentage of BTC price moves have likely been becoming less and less with the ongoing increases in its market cap over the last 11 year or so (at least since 2011-ish) since bitcoin first started to have some price finding that has grown and grown and become more sophisticated (also referred to as increased financialization) with the passage of time.

I welcome your strategy first. It is really incomparable. In my opinion, you will benefit from various aspects. First of all, you have reduced your eating form junk food. Your financial situation has improved after that invest in cryptocurrency in your future work plan. I think you are ahead from all sides. Another aspect is that you have engaged yourself here as a real holder. It's really awesome. I corroborate your journey and wish you success.

This is very interesting to me . If everyone could reduce the bad things in themselves and start thinking about saving for the long term this would really help their future. Especially maybe someone who likes to smoke or drink, if it can be reduced slowly and even don't consume it anymore.. this will actually be a useful savings for retirement later.

Honestly I have said last three months not saficieant invest to crypto so my profit down.I regulate a sophisticate chanel but there are some issues change the pattern of my plan . But I am happy now because everything in my control and also optimistic that last three months lose will recover in the next month .

Huh?

you are talking about bitcoin or something else?

To the extent that you are talking about bitcoin, there are no guarantees in the short term, especially if you are talking about few month increments, like you seem to be doing.

This thread is really impressive and inspiring too. First of all this threads for those who continuesly say that we don't have soo much money to invest in bitcoin. Bitcoin price is huge we can't able to buy bitcoin and its really hard for me. I am from poor family, i do daily lowest amount pay job, or i got lowest monthly salary. Look this thread prove that all are is excuse nothings else. If you can't afford car but you can afford bike that why you buy bike. And those person who can't afford bike they buy bicycle and those bicycle is not enough they are going with public transport. Then investment is quite same just invest atleast 3-5% from your earning. Then after a long time just see how much you made.

Hope those excuse giver will learn something from this.

Congratulations and thanks  for this amazing post.

indeed it would be very good to do this and from an investment and profit perspective it would be huge, but not everyone can do that and maybe only a handful of people are able to do it.
not without reason, because indeed this is a long-term investment project and if you want to do a strategy like this at least you need a lot of money and the money must be unused for daily needs.
apart from that, everyone has a different perspective, especially in investing, what the OP does is that he only focuses on bitcoin and maybe I, you or someone else will do different things because if you see this, I personally also want to do the same thing. same but finance doesn't allow that :) and indeed I prefer to invest in bitcoin and some altcoins.

What a great post, a genuine thank you for writing this down. Sounds like you’ve done well, and righfully so if you can hold out this long. It is a great thing that Bitcoin will teach many people how to both successfully invest long-term and trade short-term before even turning to typical traditional assets like stocks.

This is a very wise choice. This is often what we lack. It is wiser than any other kind of investment to invest the wealth that can be saved in life into Bitcoin to obtain more wealth, because this kind of investment is not Affect your quality of life, and will not be panic and too much psychological pressure!

The highlighted part in your post does not stand true according to me because what perception you have in mind is wrong.As i have said earlier also is that if bitcoin prices are at $50k imagine then we consider that we should have $50k with us to invest but that's not the case man like you could easily buy it for small fraction also like $30-$50 keeping them above the transaction fees only and you would get them.Imagine people who have 0.5 or 0.05 Bitcoins with them they are enjoying at these time and will have huge profits in future.The fact that it would be less than whales holding many btc but you should invest whatever amount you are willing to do.

You said you diversified your portfolio with btc and other altcoins so are you sure they are going to give you satisfactory return if you hold them? Because for me bitcoin is only surviving coin but as we know preferences varies so not coming to that part.Finances will never allow us but we can manage some waste expenses to some investment purposes for securing our future.So have thought about them.

I find it hard to save money at the month end. Now i have my own solution for buying bitcoin through DCA.
I cut out my extra expense and buy bitcoins. Like last week, i quit the plan of having dinner at restaurant  and used the saved money to buy some satoshis.
Although the amount was not much but every satoshi counts.

Several times I told my story of having had DCA invested into bitcoin through all of 2014 by first setting aside a certain amount for the first 6 months, and then dividing that into weekly allowances.  I had both cashflow allowances and also money that I was authorizing based on lump sum amounts that I had available. 

So for example if the total amount was $2,600 then I would divide that by 26 to arrive at $100 per week for that period, and in 2014 after the first 6 months had passed, I made an additional 6 months authorization based on projecting my cashflow and other cash that I expected to have available for the next 6 months. 

In January 2015, I had been continuing with some form of weekly DCA allowance into BTC, yet I had suffered from some business-related issues (not related to BTC) that screwed up my cashflow at that time and caused me to have to dip into emergency funds (or project the dipping into emergency funds, and some people had suggested selling some BTC - which I refused to sell any BTC since it was at a loss at that point), but also left me with a bit of uncertainties regarding the amounts of my future cashflows in the first half of that year, so pretty much I forced to stop any of my regular allocation of amounts into BTC and to re-project my cashflows for the upcoming 18 months to 2 years.

It had already been my usual practice to project my cashflow at least 18 months into the future, so at that time (in January 2015), I used fairly conservative estimates of my cashflow and expenses, and it ended up that I was not able to buy any BTC between late January and mid-April 2015; however, after about mid-April 2015, some of my cashflow started to clear up, and I was able to replenish some of my emergency funds and project an ability to continue to buy BTC in the event that I were to receive cashflow based on my mere minimum projections.  Therefore, I recall several times between about mid-April 2015 and about October 2015 in which I was buying BTC based on any little amount of extra cashflow that came in.  So for example if I had $20 (or $100) come in, then I would split that in half and buy $10 (or $50)in bitcoin and put the other $10 (or $50) into my other expenses.. 

Whatever extra amount that came into my cashflow or amounts that I might save on some anticipated expenses that ended up being less than I had expected, then half of the new amount or the saved amount would go into bitcoin, and I did that for most of that period between mid-April 2015 and October 2015, and at the time, it felt that I was just scrambling and not making a whole hell of a lot of progress because the value of my BTC holdings were in the negative at that time.  I had an overall average cost per BTC of between about $500 and $550 that came down through the period because of my ongoing buys, and the BTC prices were largely in the mid-$200s for most of that year. 

For sure there is no guarantee that everything is going to work out, so each of us will be in a better position to be able to project our anticipated cashflow and to invest into BTC based on how much we are comfortable, and to recognize that we might be able to profit from more aggressiveness but we have to be careful that we do not overextend ourselves in such a way that we might have to draw from our BTC at a time that is anything except a time that is completely of our own choosing and that we have other options to draw from other areas in the event that we feel that it is not a good time to draw from our BTC holdings - even if the value of those BTC holdings might be decently high as compared with our other sources of funds.

okay I really understand what you mean and I totally understand that anyone can invest here with whatever nominal they want.
but the reply you made was not very concrete with the existing discussion or made by the OP.
i just highlighted what the OP made in his thread and if we follow that we need quite a lot of capital because when we look at what the OP is making in his thread he always pegs and adds load every week.
and I really appreciate you when you think about things like that because it's true, anyone, both big investors and small investors, can all invest here and of course they are free without any restrictions on the nominal amount because it is a prerogative.
I think you are misinterpreting this. I am not saying that I am diversifying my portfolio, but I am only in both because I feel it is beneficial for me personally.
and why I did this is because I made bitcoins for my future assets, and I am also in the trade route in some of the altcoins I have such as ETH, BNB, and Cardano which I think are very suitable for short-term investment. as well as medium.
apart from that for the problem of profit, I think everyone has the right and their own perspective about it because again here it is a free path, there are no restrictions and there are no standards from anyone. because all of them do it according to their own will and without any coercion from other parties

I am new to this industry but it is good to hear your story. I am learning to take HODLing to heart. I was scared early in mid Mar 2021. I lost some money selling early. However, I am glad I lost some money during that time. Then I started with DCA and buying the dip. I will not get scared out again.

i am not buying any single amount but all My campaign payments had been on Hold since march this year.

I have made a big mistake investing in altcoins (wrong altcoin to be specific) and all my bitcoin in the past was transferred in altcoins,.

now i will be here for Bitcoin alone (of course i will be holding my altcoin still).

good for you as realization comes like what i have in the past .

If not investing then holding them from signature campaign earning is also a good idea because in the end what matter is you are holding btc in any way you had accumulated it like some might be having them from faucets paying 5 btc in past and some other giveaways.But the main thing is holding them for long term and about altcoins i am personally not a fan of them and restricts myself from swinging away on them.So keep your will strong and try to hold your coins for more time but you can surely use the funds in case of need.

Without getting into too many details about your shitcoin mistakes/exploits, what are you doing Reatim that relates to the topic of this thread in regards to bitcoin?  Are you creating some kind of a bitcoin accumulation plan that involves DCA or some other BTC accumulation method?

Seems that the topic of this thread involves a decision to engage in ongoing action that involves buying BTC on a regular basis, even if the amounts of each purchase is NOT a lot of money, over time the ongoing investment into BTC can pay off well, especially if there is a longer investment timeline to be able to see the growth over time.

Another aspect that might not have been recognized by OP remains the UPs and DOWNs that happen while investing into bitcoin, and surely it seemed that initially OP had not really been considering longer term BTC investing because he was considering seeing BTC price appreciation over what we believe to be this particular price cycle, but he may well be coming around to considering continuing to buy through the whole cycle and for longer periods of time to see how his BTC investment may well grow over a longer time period.

I understand that people get into bitcoin (and even into shitcoins), and their ideas evolve, and maybe at a certain point they begin to establish some aspects of their investment plan that ends up focusing on bitcoin, so in terms of that portion of all of their investments, they may well be able to set BTC accumulation goals that are surely going to vary in terms of strategies and even the amount of value that they believe that they can invest specifically into BTC.  Personally, I am a fan of DCA, buying on dips and lumpsum investment, and I believe that the DCA is amongst the strongest of those three strategies... and setting DCA at a reasonable amount can assure ongoing investment in BTC and perhaps an ability to save some fiat to set aside for buying on dips too.. and surely for anyone with a low budget (or cashflow), it can become more complicated when they end up having to divide the BTC investment dedicated portion of their cashflow into more than category because already starting with small amounts cause the divisions to seem even smaller.. so those kinds of problems may well cause some of those categories of investors to figure out more and more ways to either earn more money or to save more money so that their amounts invested might become larger - which also relates back to the decision of OP to cut his junk food budget and to put that money into BTC DCA strategies.

There is something I can learn from your story. Small savings won't make a difference to our current lifestyle. But how will it affect our future?
For those who say no money to invest in bitcoin, they will realize joining bitcoin is not difficult
For those familiar with bitcoin, it's a golden opportunity to save for their future.
However, as long as we are consistent and responsible to carry out what was planned from the beginning, we will go into every route according to what we have planned, namely investing in bitcoin. .
Of course, the decision to invest in bitcoin is also not easy, because we have to be really brave and willing to take the risk of price fluctuations and also the money we put into the investment.

I think a good tool to check our asset portfolio is: https://coinmarketcap.com/portfolio-tracker/

Currently the value of crypto investments is around $2800 or up about 40% when I bought 2 months ago, the opportunity to continue to profit is certainly very large so I will hold on as long as I can.

What a nice and good for health strategy. You made so right decision when decided to invest in BTC money instead of wasting them on junk food and were really lucky to make this when the price were decreasing and even dumped to 30K. Didn’t you have at this moment an extremely huge desire to invest by this price (30K) more money in BTC, perhaps like an investment in advance for a few weeks? Isn’t this a good idea to invest in advance money you are already planning to invest in future, if you see a good exchange rate now? The move of your experiment will be violated a bit but trial results will bring you more satoshi.

I am not good at trading but still feeling good about this all because if you are doing this all for long term then surely its price is not factor for you in long run this can give you some good profit even all investments and trading have good risk, but this type investment is always pay some good dividend as bitcoin is doing we have some good sentiments about this every year its value is increasing and its bringing good profit for investor just keep one thing in mind that you need to hold this for long purpose never feel frustrate with these corrections which are happening regularly because its nature of this crypto.

I am also doing some for my future and now keeping some funds in my bitcoin wallet and my target is I will never sell this all until I have some very good price like $150K to $200K because this can secure my future in good way.

This is inspiring for those who are afraid to start investing high value of their money, instead they can copy your style and they should never looked back at the price they started buying it instead hold it for future purposes or save it if you don't have anything to do with it. I hope new investors have a mindset like you. Best of luck further to your savings.

Thanks for sharing your story. This is a real fun where you have faced the ups and downs of the price. The newbies will get a lot of insights from here. Again thanks for your contribution.

My journey was pretty good. It is a good platform and I am enjoying this where you can earn , invest and trade. I am very thankful to my friend who introduce me about Bitcoin.

The strategy you have used is really good. I had a friend tell me that I should be saving up at least 10% of my income in Bitcoin, which I have been doing for long now. Before I would make earnings in a month and by the end of the month I’ve spent everything I’ve gotten, so since I was advised to start making these savings it has been a really good thing for me. So, whenever I get paid I save 10% of what I was paid in Bitcoin while also hoping for the price to go up. Surprisingly I have been able to gather a lot of bitcoins by doing this.

As I started at first it seemed like it is very difficult, but with time you will be surprised how much you will be able to make from it. It’s not a must to invest huge amounts at a time, you can start little by little and build your wealth.

Thanks for sharing this. It would be a big help for beginners like me. I am still learning on different ways to earn bitcoin. I started with nothing but eagerness to learn. Now that I have a stable job and salary increase, I could say that I can save a little for investing a bitcoin. I want to explore more and this is really a good tip. I am hoping to hear more from expert people in this trend. Thank you so much!

I will say drop by drop you could make an ocean rather than waiting for rain to come and fill it out itself.You can stack minimum sats at whatever possible amount you can and you would see you are moving up the charts from shrimp>crab>octopus and same way if not Whale.

It's good in future to be at lower floor of bitcoin castle instead of struggling in inflation flames outside that could burn all your wealth within few time.Those who knows this are planning for further safety and bitcoin is the best hope.

but if you look at the thread that the OP made it is clear and very mature to invest in long term.
they are not wrong when it is done to make part of the investment made for day trading, but one has to consider the risks and consequences especially for now when looking at market changes I think anything is possible.
it could be when during the day for example the trend is up and maybe for the night it drops badly. this can happen.
Besides that, being a day trader is actually not as easy as some people say, in fact other people only mention the advantages and conveniences, apart from that there is potential for losses that haunt every time.

interestingly, you can manage assets well and get the profit from it. Of course, with an analysis like this it will be easier for us to see the profit that we get and make us even more enthusiastic to achieve the goals that we want. basically it all depends on us, if we can manage our assets well then it will be profitable. but if we are not careful and can't be patient then it can make us get the loss.

Bitcoin price dropped to its lowest level in three months, as investors sold the crypto asset with the world's largest market capitalization.
The move by investors to sell Bitcoin after China banned Bitcoin.
Till now china blocked all crypto. The price of bitcoin started to decline again after rising to the price of $50k.  Investors started to panic sell again.

I've been wanting to venture into this particular process but the zeal and courage just never appears, I'm glad I saw this post, definitely gave me a never give up boost, I'll just pray bitcoin doesn't drop drastically anymore, but even that is like asking for sunshine in a thunderstorm. Gotta admit though you have a really nice way of getting things done

yes might be you are not wrong, most of the time i am very unaccountable to buy expensive food (i don't think expensive food means healthy food, in my side i can buy good food at low cost),

but i am trying to get out of it and i have plan to invest in bitcoin to smooth my future life. of course it's not easy but possible if i will try hardly.
 
 

Everyone wants to have bitcoin with them but the thing which stops them from doing is the highlighted part in your post.The bitcoin prices don't rely on our hopes that it won't go down drastically after you have invested but totally dependent on market forces of demand and supply.Imagine the holders in past like when prices drops from $1300 to $500 below and at that time who sold regret and those who hold are now still at $42k.If you believe it just invest without any expectations and you could hold it for long time and profits will be served in your balance.Invest in bitcoin with the aim of securing your future not short term profits.

I've learned something here; first is patience and second is plan. It means if I start investing in BTC with a such plan, then I just need to be patient to grow my capital. The problem is that things may not work the same for all people, so sad 🥺

Anyways, I really liked your way and I'll take my own risk to try it with $100.

This is why we all have to practice our own perceptions...

investing in bitcoin is not easy, our mentality will be toyed with, if the price goes down then don't be afraid, hold on because the price will definitely go up back. Bitcoin is the best investment asset that is very suitable for long-term investments.

I'm amazed by your achievements as a Jr. Member. Investing in bitcoin is not as easy as its seems, i find it hard because i'm new at investing and still in a learning process.

Seeing you achieve so much, i was proud and happy for you and i wanted to congratulate you for that, the effort you put is no joke. You really are a good investor and i hope i can become one too in the future.

Yes, and keep buying at $500, and even if the price then drops to $250, keep buying even if just small amounts.  Sometimes, there can be scare to continue buy when the BTC price drops, so maybe you would not buy very much because you are nervous, and you just buy regularly like $10 to $50 per week, or if you are more aggressive and have higher cashflows, you may well be able to buy more, even if you are nervous.

Same is true now.  Price is at $42k, or $41k or maybe it drops back down to $38k or $36k.  I doubt that it is going to drop to $30k, but you never know, and none of us know, so we just need to budget and continue to buy.. When the BTC price goes up, many of us will say:  "I wished that I had bought more at $4x,xxx" or "I wished that I had bought more at $3x,xxx" , and we should not be kicking ourselves so long as we had been thinking about our own budget and buying BTC with whatever reasonably amounts that we have been comfortable in sparing... whether $10 per week, $50 per week, $100 per week or some higher amount if we can reasonably afford to do so without screwing up our monthly expenses that each of us likely has.


What is so sad?

You play with the cards that you are dealt.  Yeah, there are some folks who have better cards than others, but so fucking what?  You have to deal with your own hand, and you have to attempt to deal with whatever those circumstances, if there is a very low cashflow, then deal with it, if there are a lot of expenses, then deal with them  Some people might only be able to afford $10 per week or maybe even less, but they have to do what they can do, and hopefully be able to spend some time learning about bitcoin and their plan too..

So sure, some people have jobs in which they have to work many hours and they do not earn a lot of pay, and they have to deal with that, too, including considering if there might be ways that they might be able to improve their lot.

One of the advantages of knowing about bitcoin, and knowing the bullish case for bitcoin is that you have an opportunity in front of you that the ignorant, the deniers and those who fail refuse to plan and to act do not have.  There still is pretty damned low level of BTC adoption, so there is some advantage in terms of knowing earlier than others and acting earlier that others, which seems to be where we are at, currently.  Sure, there were some folks who were even earlier, but there is still plenty of upside potential for guys/gals who are ready, willing and able to plan and act.

Good brother. You are doing great job. You have invested dollars in every dip and this is the best technique. Your average buying is very low and now bitcoin price is above from your buying price and its a good sign. Your buying bitcoin technique is very good. You have invested small amount of dollars in every dip in bitcoin price. I really like your technique and appreciate your technique.

Very good results! How are you doing now? Are there any positive developments in view of this situation with the bitcoin rate?

Keep investing. You're going to look like a genius 10 years from now.  ;D

This is a nice strategy. I remember the saying "if there's a will, there's a way" and this is a perfect example. Little by little you can own a fraction of bitcoin and as time passes by you wont notice that the small amount you save if combined can be bigger that you thought. I like the idea and I also tried the same thing using the incentives I got from the campaign where im in.

However unfortunate situation happened recently that resulted for me to sell a portion of my bitcoin. But despite of that im still motivated to save bitcoin and sell at my set target price even if it takes a long period.

Nice DCA strategy OP, slow & steady wins the race :)
A much better strategy than being a moron gambling with leverage. It might not feel a lot to you at the moment but keep going. I don’t know how old you are but this type of long term savings plan with bitcoin will do very well for you in 10-20 years.

Whether you believe it or not, I am saving/investing my weekly payment from signature campaign on a coin. Started last month and investing my first week pay of every month into this coin. I am really happy about it. Happy to see OP's message likewise. Such a small investment will pile up one day and will give a big support financially. Let it be a crypto or fiat savings, its a good practice though to gain a lot.

This thread is about DCAing into bitcoin, not about "crypto" or "a coin" or even "fiat".. one of the problems, even with fiat is that it is likely getting taxed behind the scene and damned close to inevitable in terms of losing value.. the fiat system is currently structured to both lose value, but a question becomes by how much relatively speaking, and surely, something like bitcoin should both gain value relative to fiat, and perhaps any other investments. 

Besides saying merely "fuck shitcoins" as any kind of a solid investment vehicle, if there were some kind of possible analysis that would cause them to be anything but a short-term in and out investment, those kinds of assessments should be done in some other thread... even though, as far as bitcoin is concerned, there have already been quite a few assessments of its present value and its likely future value to consider the odds pretty damned high that you are going to be able to hang onto it for 10 years or more... if that ends  up being your investment timeline.. while at the same time, none of us are locked into having to hang onto any investment, if we determine that the underlying factors/fundamentals have changed to cause us to change our investment thesis at a future date, even if at today's date and even our anticipated future contributions into bitcoin using DCA should retain something approximating our original investment thesis.. or our investment thesis becoming stronger perhaps with the passage of time, too.

Sure! I did a mistake and sell 0.3 BTC in 2020 at $20,000 because of FOMO, but now I understand I must be confident enough because  BTC is not a shit coin. Thanks buddy!

Wow that great. It is somehow inspiring to me. It also reminds me of my friend who is a long time bitcoin holder. Her story is quite different but the same about you and her is that you both believe in bitcoin.
It seems easy but something tells me that it is not how easy as I think because bitcoin price is fluctuating and there are times that it continuously dump. But like I said if you believe in bitcoin, if you have patience, if you knew what this coin can gave us and how worthy this coin is, success really awaits you.

certainly something that is not easy to do what you do, with every week saving in coins and plus the salary that is also invested there. because we know that a while ago bitcoin always decreased and if you are impatient and have high optimism, you can sell it so you don't lose too much.

appreciation for what you do because it takes a high level of trust to be able to run the same as the op did. we clearly know that at any time bitcoin will be able to increase and definitely. but if you look at it every week you can be sure there is a different feeling in doing it. clearly requires a high level of willpower in accepting what is done.

What a great steps. I almost lose hope with my bitcoin few months ago when  price of bitcoin keep reducing till last month ending when the price hit $47k few days ago, to show that this month it will be massive pumping in the exchange market. I invested $150k few months ago but right now my profits is improving base on the strategy's am using to carry out my bitcoin investment.
Many bitcoin users will keep follow this your steps, that helped you to get to where you are today. This steps will really help many newbies who don't have faith with their bitcoin holding to start believing what they are holding right now that some day it will increase massively in the market to enable them to achieve something good.

It is a bit unclear what you are wanting to say, yohananaomi.

Of course, there can be difficulties in investing into anything, so in some sense in terms of attempting to make the investment less difficult, you should attempt to tailor to your individual circumstances in order that you do not invest too much, and also there are likely needs to work on your own psychology in terms of not necessarily being tempted to cash out too much too soon.

No one can completely inform you how to balance your various individual factors in order that you are feeling neither over invested into BTC and that you also may well be able to invest enough to make a significant difference in your life in the long term  - while knowing and appreciating that BTC UPpity price performance is not guaranteed - even while it is likely amongst the best (if NOT the very best) long term investment that anyone could be making.

If you fail/refuse to adequately account for your own various circumstances including but not limited to cash flow, risk tolerance, timeline, other investments, view of bitcoin compared with other investments and time, skills and abilities to plan, strategize and tweak based on learning including considering reallocating from time to time and trading and the employment of various financial instruments.  Of course, trading and the employment of financial instruments are increasingly more advanced techniques, but still any investment, whether referring to bitcoin or otherwise is going to be better tailored to your own circumstances by attempting to adequately account for your own circumstances.


Anyone who might have $150k that they are able to invest can consider a variety of tactics including lump sum investing, DCA investing and buying on dips. 

Of course, a lot of normies do not have lump sum amounts that they are able to invest (including likely the situation of OP), so sometimes with a lump sum, there can be some strategies in figuring out how to divide up the amount that anyone investing into BTC may well have available, all at once, or to supplement the investment plan with DCA and buying on dips, as well as the lump sum technique that you, proTECH77, seem to have employed.

That’s the same thing with me, I have a job that I am doing and I can’t quit my job to be trading cryptocurrency when I know that I have lots of responsibilities to handle, so quitting my job to be a trader was going to affect me. And moreover, quitting my job to be just a trader never seemed right to me, I needed to just have a second means of income.

So, what I did was just started investing in bitcoin for a long term, and it did work out for me. I do research and analysis to know where the market might be heading to, and then I would invest to hold for a long term. I kept doing this and it has worked for me. I didn’t quit my job, I continued and also kept investing bitcoin and now I have two stable sources of incomes that I can rely on.

Are you saying that you have been DCA buying into bitcoin for a decent amount of time and it has paid off for you?  If so, how long have you been DCA buying into bitcoin?  Depending on your cashflow and how much you are able to invest into bitcoin, frequently it will take several years to build up a decently sized stash, and even if you build up a decently sized stash, it may not be enough of a reason to stop DCA investing into bitcoin.. so it depends on your circumstances in terms of how much you had already put into bitcoin and whether it is a prudent idea to keep investing into bitcoin.

Of course, this thread is not so much about either trading or crypto currencies.. except maybe that some people will consider other tactics beyond merely buying bitcoin in terms of their own ways to accumulate bitcoin or even attempt to maintain their position in bitcoin (or their overall investment portfolio above and beyond just the bitcoin portion).

Long term is a strategy that requires patience and person needs to have a goal, I don't know how you are having stable source of income with long term investment. you are buying and then you hold temporarily until the price has reached a certain level then you sell and wait to fall and then buy and rise to sell to a certain level. Is what do you do?

You seem to misunderstand and mischaracterize how OP says that he is accumulating bitcoin.

Op says that he is just buying regularly at any price based on whatever his savings might be, and he said that he was overall trying to increase the amount that he is able to buy to the extent that he is able with the passage of time and to either cut his expenses or to increase his cashflow.

There is no selling involved, and even if OP did not say his exact target, it seems that there is a kind of goal to just continue accumulate for at least several years and to see how much his accumulated BTC may go up in value with time.

I do agree with you that it would probably be preferable to establish some kinds of more specific goals, even if it might take several years to accomplish, but I do not agree that selling bitcoin should necessarily be a goal.. at least perhaps not until after having had reached high level accumulation goal (perhaps over accumulation or exceeding targets).   

For sure, everyone is likely to establish these kinds of goals separately and differently, but it does seem to me to be a very first important goal to just get started and to act like OP has seemed to have done, and then just buy regularly and perhaps attempt to be aggressive to the extent reasonable .. and at the same time, perhaps to reassess if the goals need to be tweaked from time to time, or maybe even considering if there might be ways to increase cashflow in order to have more to invest in order to attempt to achieve higher levels of value appreciation to the extent that is possible.. .

From my own personal experiences, I have found that it may well take way more than 10 years to really start to build a sizable investment portfolio, even if you have a decent amount of extra cashflow that is invested, and of course, OPs amounts are not really large, so it may well take a decent amount of time to really start feeling that the size of the BTC investment is getting to a decently large size (and hopefully without being tempted into selling too much too soon or taking other rash approaches that could screw up maintaining and carrying out decent ongoing and persistent BTC accumulation).

You are right I am not into selling at this time and my only goal is to accumulate bitcoin without any target that i want to have 1 btc or more because my savings are being put into DCA investment strategy and maybe they can go up or low with time but my habit of putting funds into bitcoin is not gonna change.

Speaking frankly i don't want to build a huge bitcoin portfolio due to the prices at this time.With $48k per bitcoin at this time i would have to spend that much to have one full bitcoin and building huge portfolio for me is difficult depending on my salary, savings and future bitcoin prices which are going to be more high.

But the main point of concern is that it's not necessary to be a whale or big fish in bitcoin market but in coming time you should not be categorised under no coiner as that will be painful.So i would like to keep this DCA strategy going with whatever amount I am willing to do and maybe end up with big portfolio in end if we speak of 5-10 years.Anytime is good but don't wait too much for it as very less are to mined now.

@aysg76

So now it is almost going to be 6 months after your initial post of 3 months. How has it been for you since then? Your last edit was on August 11 so I guess you will be very happy over the past time to get more BTC at prices near to or much lower than your initial.

I envy you in many ways,,, for your situation to be able to do this but more for your spirit and freshness to this scene. I wish all the best!

I strongly believe is investing money in bitcoin is worthful. So I have been watching bitcoin price fluctuations for last three months. So I'm waiting to invest money safely. In August it touched around $39000 and on September 4 it touched around $49899 and yesterday we saw it touched again $49899. Two days ago it showed a uptrend mode . So wishing to reach $70000 soon.

We are not really going to know if these are currently high prices or low prices, and sure many of us suspect that we are on the verge of another upswing in BTC prices, so hopefully you are not really holding back on any of your BTC buying at this time.. and like a poster below stated that you have not updated your buys since August, which to me does not seem to be a good idea if you stop.. but it may well be an o.k. idea if you just maintain some kind of steady buying amount, and sure saving some extra in case the price dips, but not really stopping on the regular DCA buys.



If you keep buying, you may well become considered as a whale or a big fish down the road by merely accumulating a bitcoin or two.. a lot of it depends upon your timeline and persistency.. so of course, an even worse category would be a no coiner, so there are folks who had established decent stashes of coin and then they sell all or part of their coin because they want to buy back lower, which really just seems nutso to me, even though quite a people go down that path and end up with way fewer coins because they thought that they could time the market.

Let's say for example, you do not really have a lot of cashflow, but you are able to stack between $20 and $200 per week for the next 10 years, and sure maybe you ONLY stack one or two coins, but you still end up being in a very good position compared with someone who is trying to time the market and ends up making mistakes.

In the end, of course, you gotta do you, and so hopefully you figure out some methods that work for you and allow you to continue to be fairly persistent, even  if you might have part of your cash that you buy regularly at any BTC price and another portion of cash that you save in case the BTC price dips.. without being too greedy in terms of how much of a dip that you are waiting for because sometimes the dip that you are waiting for never ends up happening.. we have seen that a lot of times in bitcoin... think about $500 bitcoin in 2016 and people were waiting for lower prices that did not come, and $1k bitcoin in early 2017 and people were waiting for lower prices that did not come and $3k bitcoin in august /September 2017 and people waiting for lower BTC prices that did not come.... and $10k prices in September 2020 and people waiting for lower prices that did not come...  and seems like we had lower $30k bTC prices just recently and people waiting for lower BTC prices of either low $20ks or even sub $20k and those prices did not come.  Those kinds of situation repeat themselves over and over and over, and we do not really cannot know if todays prices are going to never be possible again, so we have to stack what we can to attempt to prepare for UP just in case further down does not happen... which we never know but we could be in one of those kinds of price situations again, even if prices are currently in the upper $40ks.


I think that there are still a lot of people who have failed/refused to get into bitcoin, and they are just going to be coming into bitcoin in 5- 10 years from now, and you are going to be looking like a genius in 5-10 years, especially if you keep on stacking whatever level of sats that you are comfortably able to do.. whether that is $20 per week or $200 per week or maybe once in a while you might get some extra cashflow.. and then you might be able to do more.. but even if you are not able to do more, it is good to make sure that you do not overly do it so that you do not have your regular expenses covered.

Strange isn't it? I know online there's been a steady (slow but steady) growth of gold buyers and communities who discuss how to get it, how to safely store, sell, trade, etc.

And no one there talks about how old the gold market's been (or silver, or other metals), how expensive it seems, how difficult it is to obtain (while guaranteeing authenticity), how it's already done 10000x or whatever. All the arguments people use as excuses not to get into Bitcoin, they don't seem to consider when buying gold.

And so they miss out on the next 5 years, just as I did when I missed out first hearing it in 2013 (my reasons were very different then, I simply wasn't investing or even putting time into anything digital after a horrendous experience years prior).

In 2013, when I first got into bitcoin, I was looking for a kind of dollar hedge investment, like gold, but I did not like some of the fees and other inconveniences of gold, like you mentioned... so when I came across bitcoin, it seemed to resonate with me right away, and I started a plan right away which involved investing for 6 months from late 2013 until about May 2014, and then to reassess my situation at that time.. which I did and I extended another 6 months, and by the time that I was investing into bitcoin for a year, I had pretty much established my position, and then just tweaked my strategy from time to time.

I do believe that there are going to be some people who look into bitcoin and it is going to resonate with them either right away or soon after looking into it (and maybe making a few mistakes, too?)... There are some people who consider bitcoin to be a good idea, but they are lacking in motivation to set up an account and to begin to take some action right away.. rather than waiting and/or not doing anything.

To me, it seem that if someone takes action right away and even just starts investing into bitcoin slowly, then they are going to start to get more comfortable with it.

I do personally believe that bitcoin is eating some of gold's lunch, and many people are realizing that, but surely there are some people who are already comfortable with gold because they have been investing into it for a while, but it also seems that some of those folks are going to see the light, after a while, especially if they are really trying to pay attention and study into bitcoin rather than failing/refusing to appreciate that bitcoin is actually around 100x or 1,000x better than gold (while bitcoin has a market cap that is about 1/10 of gold.. so there should be some ongoing appreciation of the upside potential of bitcoin), but there are going to be some people who consider the physicality of gold to be a positive attribute rather than really not being as positive as they are making it out to be.. so many of them are going to come around to bitcoin.. even if it takes 5-10 years or so to play out.. not sure how long it will take.. but one or two more cycles in bitcoin is going to be harder and harder to deny its ongoing solid investment thesis.... and more and more people are recognizing such strong bitcoin investment thesis and getting ahead of the game.. including OP and his strategies seem to be decently good in terms of ongoing investing into bitcoin (even if seeming to be relatively modest amounts.. it adds up.. and surely going to put him ahead of his peers (not just gold bugs) who are failing/refusing to see the light and/or failing/refusing to act which is almost the same level of failure).

Regarding this failure to see the light, I've been there so I might understand.

I really wish it had been a different time for me, or that previous iterations of digital currency didn't exist before then. Bitcoin definitely resonated with me at the time. Only, the resonance then was as I mentioned: a prior shitty experience with something called e-gold. Some similar concepts of independent money, libertarian finance, p2p economy, etc. Was heavily invested in it for years, practically revolving my work and business around it, and DCA-ing regular fiat into e-gold.

Long story short, it all collapsed when they and their holdings were seized by our good friend the US government. Lost all my business, savings, almost overnight. That was my chastening money lesson of the mid-2000s.

So in 2013 when I learnt about Bitcoin, I just couldn't stomach it. I failed to understand properly then that Bitcoin was fundamentally different, a complete animal separated from everything else I'd seen. But the earlier nightmare of e-gold blinded me to that. Thinking back though, I was in such serious debt anyway I may not have been able to buy any (although mining could have been an option but anyway, I think it's pointless to speculate on a past that didn't happen!).

I have to credit becoming deathly ill (literally) in late 2015, being bound to bed for months for the opportunity to really dig down into Bitcoin and learn about it. By the following year I was doing my best to switch all my freelance clients to Bitcoin, and that's how my DCA began. IT didn't seem like much at all in 2016 but it's turned out to be a modestly healthy amount today.

I think you're right, if (when) gold bugs apply the same diligence they do for gold into Bitcoin, they'll realise quite easily it's a superior investment product, or at least, worthy of sharing a seat at the same table as precious metal.

Actually my last post for my DCA for the last month was made on 18^th Sep as it was made under a separate post in this same thread.I think you have ignored that post so you could probably have a look at it.Yes i was happy to accumulate more in the dips and for me dips are opportunity to stack more not a sign of panic sell because don't want to repeat same mistakes again.

The gold buyer's are also substantially declining if we consider the market and make past comparison due to number of factors like diminishing returns over all these years as all other assests outperformed it this year as it has -7% return this year.People are now preferring some other options which might be risky like bitcoin but not all opt for bitcoin but some other areas of investment also.

The gold has build a community and from the past delusional world people have a faith in gold like the prices will always rise and it is termed as stable source of income for them.Second the gold is recognised as status symbol in many countries where women wear fancy jewellery in different occasions.They will not hesitate to buy it whatever the prices are and will try to store them.You are right they won't care how it is mined or how will it perform in future but for bitcoin they will always have some kind of weird excuses like it's risky,scam or bubble, don't have money to buy it.

For those who put on some excuses like it's expensive need to think it's slightly above than gold and if you make comparisons gold is not going to give them even profits in long run.The wars and disaster could lead to price fluctuations in gold but bitcoin is free from them.The boosting factor is limited supply of 21 million.

But people will have excuses and bitcoin community is fast growing with more and more realising that it's an exit policy from fiat and centralised zoo's that we all are trapped in from long time.

LOL.. this thread has an eerie resemblance to another thread, which was posted last year:

https://bitcointalk.org/index.php?topic=5298939.0

That one dealt with an user from Turkey giving up on his smoking habit, and instead investing in Bitcoin. But unfortunately, he stopped posting in that thread after two months, and I assume that he relapsed on his habit. Now I don't want to compare junk food with smoking, but in both cases the user benefitted in the end from better health and more disposable funds in hand.

How long will you manage to continue this investment strategy mate? before the pandemic attack i almost do the same thing as yours, all of my Signature payments are indeed stays in bitcoin weekly.
I accumulate more than what you are having now but suddenly pandemic comes and all i need to do is withdraw all of the amount and put in real life investment in which i use to survive the lockdown and losing of my Job, now that i am recovering i start holding again and hope this time will continue till the next years of my bitcoin partaking .

I have also read this thread in the past and the user you are referring to gave up on updating the thread after two months and his last post on forum was in February 2021 although he is still active today but not posting.So don't know his reasons for doing that but surely my case is entirely different from him as i am going to update the thread on regular basis and gave up my junk food and put DCA till the time i feel it's all good.

Not fixed time period for my investment strategy but will keep on doing till the time I managed to save funds to accumulate more and more bitcoin.This could be 6 month's or 3-5 years also.But will try to keep this as long as possible because of profits that will be served to my total networth.

This pandemic was a time when we all were locked inside and many face similar situations like you when the personal savings of many got consumed and bitcoin investments are also saving to help us and whenever we are in urgent need we can take out the funds and use them.Like we cannot hold btc for long knowing that we could not survive financial damage in real life because that's what we make investment for to gain profits as well use them when necessary aside from other sources of income.Not to worry you can still stack your btc as there is time and keep up DCA and you will again reach your goal.

I see it now,,, thank you. Every time I see this kind of thread it inspires me to think about myself (and also envy as I said in previous post). I never made a real calculation unfortunately,,, as the main site/wallet that I used to accumulate has closed down, but I might be inspired to open a thread to keep track of my monthly/bimonthly earnings too. Which is a different form of DCA I guess but in effect the same as buying every period. Good luck again, do not watch the markets and you will lose that panic.

All fair points, but only time and Bitcoin market maturity will dislodge gold bugs from their stance. We've to remember retail gold buying and investing (not considering traditional gold hoarding with jewellery) also took a while to show up and shed the arguments of "too expensive" and "too complicated to own".

They're definitely not losing their fanbase any time soon, but when banks are already discovering how difficult it is to obtain gold, that squeeze on retail availability will force people to look hard and long at Bitcoin as the very visible, increasingly viable alternative.

Hopefully you can continue to add to OP in order that we can see all of the data in one place.

Of course, you do not necessarily need to show all of your investments if you have some preference for OPsec, but the extent that you want to maintain some aspect of your investment as a kind of real world learning tool, then it would be helpful to either put it all in one place or to have a reference to the places that it is located so that an overall and ongoing picture can be appreciated.


It may be helpful to look at a chart of the gold prices in the past 50 years in order to get some kind of idea bout what is going on in regards to performance that would thereby affect perceptions of possible future performance.

https://goldprice.org/charts/history/gold_all_data_o_usd_x.png

https://goldprice.org/spot-gold.html

The fact of the matter seems to be that in the past 10 years, gold is barely keeping pace with inflation.. so of course there were price spikes in the late 70s, there was a price spike from about 2002 to 2011 and then there was a recent price spike from about 2018 to early 2021.

In the end, gold seems to be both manipulated as fuck and also diluted based on its having outrageous quantities of paper gold that dwarf the size of its actual backed supply.  One of the advantages that bitcoin has is its ability to be easily and quickly taken possession of - including being verifiable through such process.

Of course some of the same manipulation tactics are going to be attempted with bitcoin, but a BIG ASS question remains whether such manipulation can as easily be successful since bitcoin is not physical and can be verified and taken possession of.... so in some senses, individuals can tell the manipulative custodians to go take a flying hike.. and in the mean time the actual holding of bitcoin will be more valuable through individual holdings or through entities who verify that they are not diluting the supply by making extra copies on their ledgers.

Another aspect of bitcoin remains its early stages of adoption that surely contributes to its ongoing price appreciation through such early adoption process, and of course, early adoption phase does cause some aspects of bitcoin's price appreciation to be artificial, so it could take 20 to 50 years or more for the masses to really get into decent levels of BTC adoption levels, and even if that might cause BTC to be an unfair comparison as compared with gold or with other assets, it still justifies getting in early rather than either waiting around and/or complaining that bitcoin's outrageously current status of considerable price appreciation is not fair because it is still in its earlier stages of adoption.  Seems better to jump on board rather than complaining about it... at least from my perspective, I doubt than bitcoin or bitcoin holders are going to feel sorry for those who failed/refuse to jump on board sooner rather than later... and if governments try to step in to redistribute, there may also be some challenges in that too, so in many senses, it is in each person's interest to act to attempt to preserve his/her own stake and to get a stake rather than waiting for anyone to help them or to attempt to make the distribution of bitcoin more fair.


There might be some challenges in keeping on reporting - but surely whether the person stopped buying BTC might be another question too.. . Sometimes if you are a newbie to an investment, you can get considerably thrown off about what to do if the BTC price more than triples from the period in which such a plan was started.. and then maybe even giving up on the plan after the BTC price had doubled.

I see some shitcoin posting too in regards to the OP of that thread, so maybe he got distracted into shitcoins... which surely could cause anyone to lose focus if they get lured into that quagmire of difficult to decipher pump and dump baloney.


One of the errors that people make is to overinvest, because you never want to withdraw from your bitcoin that is at a time other than your own choosing.

Accordingly, you have to maintain other funds that are to be used for emergency purposes.. sure, easier said than done, but there are ways to build yourself up to such a practice, which may well be to ONLY invest into bitcoin what you are not going to need for 4 years or longer and probably planning on NOT withdrawing from it for 10 years or more would be an even better plan in terms of building and managing your bitcoin stash.

Even if you are starting over, btc78, you are still likely going to be in a better place than a lot of people who have not started to do anything in regards to building a bitcoin stash.


Of course, one of the dangers of NOT having any solid goals is that you will get tempted into changing your BTC investing plan  too soon and start to withdraw too soon or try to play around with too much of the value that is likely to appreciate within the cycle.

Largely what you are saying, aysg76 is that you plan to cash out upon the rise of BTC prices in this cycle,.. and you are going to see how the cycle plays out and then you are going to cash out some or all of your BTC in order to try to buy back lower.. blah blah blah..

yeah.. you did not say that, but your creation of a 6month to 3-5 year timeline shows a lack of clear longer term goals..

Better than nothing, but does seem to have some problematic aspects in terms of its lack of specificity..


I am not going to poo poo the potential level of personal financial issues that might have come from the pandemic situation, and some people are still adapting to such negative personal finances based on the extremes of that.


Part of the establishing of a reasonable BTC budget is to make sure that you have your cashflow in order.

I personally like to attempt to plan out my cashflow for 2 years, and of course, my further out plan is more loose but the plan within 6 months is more specific and having to be more careful that it is specifically covered and not making any major mistakes.  I have been in such practice for about 30 years, and I have used an Excel spreadsheet for that in about the past 20 years.

I am sure with time, when you get addicted to investing into bitcoin, you would loose count of calculating your investment. Nevertheless, investing in this short period sounds like savings to me because the rate at which the price of BTC fluctuates might turn out not to favour you if you intend to get your funds withdrawn when you need them to do something.

The time will make gold and other all financial assets an alternate to bitcoin and more and more people who like to keep the gold bars in bank lockers and in jewellery form will find that it was not worth.Imagine the people who bought gold in recent years and now if they have some research not dumb minded ones who completely rely on gold is heaven can find out it is worth $995 for an $1000 investment and that's how they call it future guaranteed investment schemes?

You are right on the point that community is not going to lose fanbase easily but they are witnessing breakdown.The gold has been here for years and before the fiat also so it has trust over the people and moreover government and mainstream media is not portraying it under illicit usage and people can hold it easily due to legal status.But slowly and gradually this all beliefs will be washed away and bitcoin will be the priority for them but it might get too late as boat might have left the harbour.

Will merge all the reports of my DCA investment in one place for sure as it will have proper clarity to all the members and they don't need to surf through all the pages to find about the next investment.This months updates will be made to @OP only and thanks for suggestion @JJG.


It is now performing worse than even dead stocks which managed to rise 1-2% after some time and give the holders a little hope but on the contrary basis nobody talks about it and people are not panic selling it at this time.But the thing is now the investors are smart and not preferring gold bars that can't cope up with the inflation also.But bitcoin has grown 62000% in period of only 13 years and just imagine the world is still to recognise it's importance and in coming year's when all will  accept it the prices will skyrocket to new levels.Still who get a chance to have btc at $40k were lucky.

That is definitely the way to do it. I am a bit more old school with notebooks and then only final calculations on digital copies,,, especially like with my signature campaigns and BTC I have started to migrate to Google spreadsheet to keep my own balances. It is additional cashflow to my existing salary, but because it is also used to supplement my expenditure I keep track of final fiat value sold and eventual BTC saved over. For only 4 years now this is going but that is about 60-70% of my total BTC hodlings. And every year I try to increase hard target for that percentage to becomes less (as in, to add more actual buying) as I move fiat savings more into BTC buying and less into fund-investing.

Now I just need to add fiat value to the BTC tracked from signature campaign so I know for sure what is my fiat gain.

If you are in your early years of BTC accumulation, it might not be that big of a deal if you track if your BTC holdings are in gain or not. 

Of course, with BTC prices going up, it is likely that almost everyone is in gain, at least for the moment... so the main point to me would be to be trying to continue to accumulate and have strategies for doing that on a regular basis... and of course, it can be quite challenging to even consider accumulating regularly (rather than lump sum if the BTC price ends up shooting up from $50k to $250k.. and then so many guys are going to be considering a correction at some point).. so it is not easy to decide what to do, especially if you are in relatively early stages of BTC accumulation  (even less than a few years of BTC accumulation seems like a short period from my perspective regarding how building wealth tends to go for a vast majority of normies).

I guess it is now more than 3 years of serious accumulation but in my perspective it is early. I started in 2017 but it was very late and only by 2018 was I earning properly from a very long term campaign,,, until the service shut down.

As you said, just because now we are almost back at the ATH, it would be highly unlikely for most people to be in a loss (or even I should say highly unlucky).

But we should be and I am prepared for a very long term loss even in the future.

Appreciated man, It is great to see that someone investing in SIP strategy. I hope your holdings and sacrifice will become huge one day. But I wanna suggest you put your holding in a safe investing platform like- crypto.com, celsius or lendn or nexo and many more. There are many platforms that providing around 6% APY. While investing weekly, your holdings will grow in their APY rates.
I saw many people doing the same way that I am talking about. You can get an idea from it https://www.publish0x.com/johnwege/my-crypto-earnings-september-xxyrkkr
It's very cool and an opportunity to invest in crypto on weekly basis, not everyone could invest like that on a weekly or monthly basis.

Three years of $100 per week would currently put you at about 1.71 BTC of accumulation. (https://dcabtc.com?sd=2018-10-07&sda=3_years&f=weekly&d=3_years&ac=10000&c=true).. I understand that guys are going to have differing goals regarding how much BTC that they believe that they need to accumulate in order to comfortable in terms of their own finances, and if we are considering bitcoin to potentially serve as a long term investment that is going to potentially supplement your retirement or even allow you to improve your living conditions prior to retirement, then it could take a couple of BTC cycles to really get to accumulation amounts that are adequately and sufficiently comfortable.

So, yeah if there is likely going to be an up portion and a down portion that is somewhat foreseeable, it can be also difficult to keep the buying regularly strategy going... especially if something like 4-5x prices come from here, and then there is a big drop after that.  It can be difficult to feel comfortable to buy regularly during that time instead of engaging in some other strategies to attempt to take advantage of the anticipated BTC price movements.


You need to be careful when giving your bitcoin over to anyone else, and maybe you could play around with a portion of your bitcoin to put into these kinds of services, but there is an extra layer of risk when putting bitcoin into those kinds of services that might not be necessary to take in bitcoin because in some sense bitcoin is already designed to pump forever in terms of dollar value.. and yeah it has its ups and downs, but in the long term there is a certain logic to bitcoin in terms of it's likely going to be appreciating in value greater than any other asset class... so on average, you may well end up getting BTC price appreciations that are well over 20%. so long as you are holding the longer term the appreciation will likely add up to be pretty good.. no guarantees, even though historically bitcoin has done pretty well in terms of its appreciating in value.

Congratulations, OP!
This is a great idea of ​​how we can invest bitcoin in small amounts that in the long term will represent the best choice. The advice is excellent to cut down on unnecessary expenses and instead invest for the future. I share the same idea because for two reasons in which I believe: First, bitcoin is the leader in the crypto market 42.7% while we buy more bitcoin we give it a boost and the market is bullish and the second reason my investment is totally to long term.

52 x 3 x100 = $15600, a huge sum of money, but for me it was more like $100 a month in total, which is still a very big amount of money to put aside (where I am, so I'm quite proud considering that in the years before Bitcoin I actually saved maybe even only 20% of that).

Very good calculations because that is very close to what BTC I managed to accumulate,,, I still have more than Imagined ever if I saved as before. I suppose I do need a second cycle of Bitcoin winter.

1 BTC was always my goal, and it kept getting more difficult but no complaints  :)

Actually SIP investment are more of systematic type like you put up some fixed amounts at regular intervals like monthly, yearly or half yearly and can choose various options to invest your funds like in capital guaranteed plans or others but bitcoin investment for me is totally different like investing different amounts (what i can afford) as DCA for each week into bitcoin.

I have heard about Nexo.io and in the start want to stake my coins to have interest over my coins as nexo token holders also got 30% of profits as dividends but then i drop the idea because i am happy with btc profits only as returns will be sufficient in future rather than risking my coins on lending platform who are always prone to hack and scam you.So far happy with my coins safe with me.

If we want to copy OP and try to be better, maybe we can follow what OP did but we put more money in it to be able to make much more profit than OP, the only problem is that there's an unlikely thing that might happen and that you're not going to have the same situation that OP has.

Of course, my earlier referenced post had a link to DCAbtc.com, and within that website you can customize your hypothetical investment scenario for a variety of time periods and amounts and compare your BTC investment to the performance of Equities (stock market) and gold.. and for sure the longer the period the more likely that you will have been able to accumulate a decent stash of BTC.

Furthermore, there are some folks who claim that they are able to get investment performance that is better than DCA buying, and they can measure their performance up to the plain and simple DCA strategy.. that is pretty straight forward and likely way less stressful.

Personally, I am not against playing around with some trading, but it is likely better to have a solid DCA strategy and if you are going to play around to make sure that is ONLY a very small portion of your overall BTC holdings .. 10% or less (and even 10% can add up to being a lot of money once you have built the size of your BTC portfolio).

Regarding setting personal goals regarding how much BTC to accumulate or how much dollar value that might be worth, there are a variety of ways to set such goals, and I frequently suggest to set those goals to be relatively modest (and reachable), and sure you could establish a tier of goals, so that once one goal is accomplished then you shoot for the next level higher up the tier... and with the passage of time you can measure your progress.. and even within the goal setting, it is going to be good NOT to put unrealistically high expectations on yourself or your BTC's performance, and to realize that in normie land it can take 30-40 years for people to get to decent financial security - and sometimes even a decent number of those people who are prudent and work hard towards building financial security do not end up being successful (at least not in a kind of getting to fuck you status that allows them to really live financially independent).. so if you actually can get anywhere close to reaching fairly high goals that you have over 15-20 years, then you would have been successful in cutting in half the timeframe that it frequently might take normies to reach such goals. 

For sure, BTC seems to be a great vehicle for such.. even if it is NOT all of your investment vehicles....or maybe in the beginning BTC would be all of your investments, but as you increase your values, then you might choose to spread out some of your investments into properties or some other reasonable other investments so that all your value is not in one thing.. perspectives are going to vary regarding various reasonable and prudent measures to take in a variety of possible diversification and balancing directions (thinking both psychological and financial measures).

When I first got into it, and even by the time I actually got around to deciding how much I should aim, 1 Bitcoin was actually a realistic target for me. I cannot exactly remember the price but it was not yet even $3000 as I can recall. Which is a big amount for me, but something I believed I could accumulate in 2 years or so with normal forced savings (using it to DCA).

The "problem" with Bitcoin was it got much higher after that:) And the "funny" thing is that most of my DCA buys are heavily above the 10000 price range,,, which would have quadrupled my original 2 years estimate for 1 BTC. It was difficult for me to adjust goals but still I maintained my 1 BTC, keeping the milestones to targets on the way to 1 BTC. Signature campaigns have really helped (they reduce the need to buy), and unrelated winnings in Bitcoin gambling also, so it has cut short my estimate and I believe I can get my target by the next halving.

Balancing is definitely important,,, and constant fine tuning, and ensuring your personal situation does not suffer as a result. People forget to take care of the mind's situation also when it comes to money. You cannot eat ramen for 6 months to buy more BTC, for example.

Fair points regarding how long it might take to achieve a goal that you had set in terms of BTC may take longer when the BTC price is going up.  There are currently a lot of normies - especially normies who are new to BTC - who are not going to ever be able to accumulate 1 BTC, and there will be needs for many of them to set their initial goals more realistically such as 0.21 BTC or in terms of satoshis 0.21 BTC =21 million satoshis... and if the BTC price keeps going up, initial BTC accumulation goals might gravitate towards 1 million satoshis or less.

For sure everyone has to set their goals within their own various parameters and plan and adjust their strategies in terms of their cashflow, other investments (if any), view of bitcoin as compared with other asset classes, timeline, risk tolerance and time, abilities and skills to plan, learn, strategize and tweak along the way which may involve rebalancing their allocations along the way and perhaps trading or using various financial instruments (that might involve leveraging or use of margin) - of course the trading and using various financial instruments are more advance skills in which there are likely benefits to working on more basic skills, learning about oneself and finances before employing the more advanced tactics.

By the way, I had a similar situation as you in terms of my getting first involved in Bitcoin towards the top of a price rise (mine was the 2013 price rise), yet none of us can really know if we are at the top of the price rise when we are in the midst of it, but one of my advantages was that I was already in a position to be pretty aggressive for the next year - that started out as a 6 month authorization for buying/accumulating BTC and then expanded into a year... but surely it could be questionable about whether all my aggressiveness in buying in the first year of 2014 while the BTC price was falling had really put me in any kind of advantages place because aspects of my previously purchased BTC were largely in the negative for nearly 3 years with an average cost per BTC in the upper $500s  in late 2014 that I was able to bring down to around $500 by the end of 2015.. but as we know the price of BTC had floated in the mid $200s for most of 2015.  One of the advantages was that my persistence did start to pay off in late 2016 and for sure in 2017 and for sure, even the 85% price dip from the $19,666 BTC high in 2017, still did not come even close to less than 4x in profits for my overall BTC, and these days, I just like to round my overall cost per BTC to $1k per BTC to make calculations a bit easier, even though sometimes there could be various ways of accounting.. but if there is a profit cushion, then there is flexibility and less stress - both psychologically and financially.

I will not say to exactly copy my investment strategy as everyone has different financial situations and you need to manage them all.What i am currently doing is having an stable source of income and whatever i save for bitcoin rather than wasting them on junk food as becoming more health freak is put into bitcoin and all the extra bonus i got as no more financial burden is over me at this time so i can do it in the manner i have explained.But you all can have your plans as per your wish.But most important is making investment with whatever you can through DCA as it could help you a lot.Like you could put $100 or even lower but keep them above $10 to avoid them in fees only.With time your funds will grow above desired levels as for me there are no set goals but you can have entirely different from me.Hope it goes well for you all.

The value of bitcoin continues to increase so seeing balances and price increases is very pleasant, although sometimes prices drop but I am always optimistic and patient that bitcoin investment is the most profitable type of investment. I will make bitcoin for long term investment at least 2 years from now.

It's possible that the top of this cycle could come at any time, including that prices could stay low for 2 years or longer.

Alternatively, it is possible that we could get another ATH and then some kind of peak to this cycle and such peak could take 2-12 months to play out.. and thereafter to have a correction...

In any event, 2 years seems to be a strange kind of minimum investment timeline because we could be in a correction period in 2 years, which would be a a strange time to get out of such investment.

Currently, I am recommending that newbies into bitcoin consider 4 years to 10 years as their minimum investment timeline.  Of course, each person retains full discretion regarding getting out early.. but it still may be good to consider coming into bitcoin with at least a 4 year minimum timeline or 10 years is even better, and if your timeline is less than 4 years.. and something like 2 years, you may need to be very careful in terms of actually expecting to be in profits during that time.. quite unknown if BTC will be in profits.. and of course, no time is really known to be for sure guaranteed to be in profits, but so far in bitcoin we have had cycles that have been lasting around 4 years.

Not only could we never know but for normies as I was and still am,,, we could never even know if there was going to be a rally or a cycle. Only 2 cycles had happened when I came and now I have the experience of living through one entire rally/winter cycle,,, I still cannot know for sure if this is another cycle or if we have a new paradigm of market behavior.

I am very happy to read it worked out for you and most importantly that you had the persistence to stick with it.

I read about others as old as you in this world but who gave up after the last rally thinking that was it :)

It's a great day because the value of bitcoin continues to increase, i suggest to keep buying and holding because tomorrow or the day after i'm sure the price of $60 will be reached, today i have bought about $128 when the price was $56k and now it has reached $57300, bitcoin investment is proven be the most profitable.

Initially, in late 2013, I had not known my investment target, exactly.  I initially authorized myself a lump sum amount to spread out during my first 6 months investing, so I just took the amount and divided it by 26 weeks, and that was my allowance for each week.  At the end of the 1st 6 months, I authorized myself to continue another 6 months with the same amount, and at the end of the 1st year, I thereby established my goal of getting 10% of my total investment portfolio into bitcoin....

I had already considered that I was not investing more than I could afford to lose because I had other investments and also I had all my expenses covered with my other monies and cashflow, but I did appreciate that my investment allocation was somewhat aggressive in terms of overall prudence of what regular people might consider.. but I still think that I always suggested that people who were less aggressive (or less of a believer) should allocate lower on the spectrum of maybe only 1%, so in that regard, I had always had some kind of recommendation that people should consider a 1% to 10% investment in bitcoin in terms of all of their investments, and surely since late 2013 (or even since late 2017) the investment thesis for bitcoin has gotten a quite a bit stronger in terms of likelihood for success.  of course, the upside potential is likely NOT as great as it had been with a lower price, but the solidness of the investment thesis got better in terms of how various governments had been reacting (up until then or up until now) and also in terms of other ongoing developments and surely the resolution of the 2017 fork wars in terms of attack vectors against bitcoin had been fairly clearly resolved in favor of bitcoin.

Furthermore, even these days, there is nothing really strongly taking away from bitcoin's investment thesis in spite of some hostilities from China, but there are other bullish factors including El Salvador adoption, other countries considering similar measures, and some of the onboarding of pretty BIG players and financial institutions. so there always have been negative information in the mix, but that negative information should really be informing guys/normies in terms of how much to invest into bitcoin (whether taking a 1% allocation, or a 10% allocation or some other amount), not whether to invest into bitcoin.

Surely, some people choose not to invest in bitcoin at all, which surely is a mistake that a lot of people make by considering 1) how much  and 2) whether as if they were the same question... kinds of all or nothing thinking that does not really serve the individual interests in terms of there is always going to be risks to any investment or ways of allocating value whether in bitcoin or some other investment(s) - even though bitcoin still remains amongst the best of investments that is still available out there... whether others recognize and appreciate such ongoing upside potential or not.

nice move, congrats. You make this profit little by little. it will certainly make a lot of people excited to achieve their goals. that's what other people want too which is to get periodic profits. in crypto investment we must know the flow and also the goals to be achieved. keep an eye on the market movement and make analysis with it. it will help us in deciding the time to sell or buy crypto. if we can manage our assets well of course it will be profitable and I think bitcoin investment is also good for long term investment to guarantee life in the future.

Sounds like someone is getting more comfortable soon in the near future, congratulations! And for that it's very commendable because not everyone have that kind of mindset. There's nothing harmful if you decide to order your food online because you have a busy schedule and as long that it's highly nutritious unlike junk foods.
This one is especially for newbies who wants to invest for their future or for someone that doesn't know that you can buy bitcoins with just a small fraction and not the whole coin.

Thanks OP!

Looking at the current price of course you get a big profit, the highest price you bought was $41k and now the bitcoin price has reached $56k, but I recommend holding it because I believe that bitcoin will continue to skyrocket so you can get bigger profits.

If a person is investing in BTC in the long term, such as 4 years, or 10 years or more, there is really no need to get worked up about whether your BTC holdings happens to be in profits or not in the short term.  Of course, there can be some comfort to have some profits along the way, but there can also be some comforts of being able to continue to buy BTC and to accumulate more.

In other words, it can take years and years to get to a comfortable accumulation level, and for someone who might feel that they are are in the early stages of BTC accumulation, the feel good aspects of "being in profits" is likely to be more of a "paper tiger" concept rather than an actual dynamic that is likely to be acted upon.. a kind of double edged sword.

On the other hand, once a person feels that s/he has reached high and adequate levels of BTC accumulation, then at that point there might come some zen moments to sit back and appreciate the extent of the profits (whether they are going to be acted upon or not).... So one of the tough aspects of ongoing investing in BTC is that cashflow can take a real long time to come in and to allow for reaching decent amounts to be stashed into BTC... many of us older investors have felt such dynamics of having had largely reached target accumulation levels - and for sure the longer the time that your investment builds, the more comfortable the feelings about having had historically stacked to get there.

When target have been set in the long term then short term volatility may not have much effect on them. I've seen so many wallet that haven't sold their bitcoin holdings in 5-10 years and some of them are still active enough to collect more. I know that it is basically these people who will ultimately win in investing. There is so much investor confidence in bitcoin that they are willing to hold on to it long term and they will get a good return on this investment.

good experience, by investing bitcoin then you have chosen the right thing. Investing bitcoin and other cryptos in my opinion is a profitable investment as long as we can manage and utilize our assets properly, the results will also be satisfactory. a strategy in investing bitcoin is needed in order to get an increase in profit as stated above. so it all depends on someone to be able to manage their bitcoin assets well or not.

Now it has been proven that bitcoin investment in the long term can be profitable, if in 2018 yesterday I invested bitcoin then I would get a lot of profit, I will not repeat the same mistake I have invested in bitcoin in the last three months I will save bitcoin in the long term I make assets for the future.

Past performance does not prove (nor guarantee) future performance.

I appreciate the move that many of you are happy with me sharing this investment with you all and providing some kind of motivation to all not only newbies but the existing holders also that DCA could be boom to your profits if you hold them for long term and can cut your unnecessary expenses to divert them towards what will benefit you all.Yes i can order food online but what's the fun of it if i am regularly eating outside the money is not going to provide any return but can worsen my health conditions and then some diseases can cause healthcare expenses so better be fit and invest for future.

When we set our short term goals with bitcoin price levels and it didn't reach our expected price levels than it could hurt our emotional sentiments and maybe we might not be willing to hold it further more.But if we have long term strategy short term fluctuations don't matter and you will be surprised to know i accumulated more in these dips opposite to those who Panic sell it.So you have to take risks with funds but long term is still better.Not saying the prices will be in millions but still after 5-6 years they will be more than double of current which is worth holding also.Instead of regretting later on be patient and enjoy your life afterwards.

We are saying similar things, but I frequently suggest that BTC HODLers/accumulators do not set their expectations too high, whether short term or long term.  In other words, there are psychological benefits to setting pretty damned conservative expectations, so that it is becomes way more likely that in the end, BTC is likely to out perform your expectations .. even if in the short term, the BTC price could be going down, your BTC might be in the negative, but if you already expect that could happen, you just develop a strategy ahead of time to keep buying or to HODL through the difficult periods or some combination of strategies that seem reasonable, prudent and appropriate for your own circumstances (psychological and financial).

Part of the reason that it could take 4-10 years just to start to feel quite comfortable in your BTC investment remains that variations of the short-term can end up with the BTC price moving against you for a decently long period of time.. and then there also remains no guarantee that bitcoin will necessarily recover - even if the odds seem pretty damned good, it is never guaranteed, but in either event, you can stick with your BTC accumulation/HOLD strategy and even tweak your strategy from time to time to better suit what is happening with bitcoin and how you are reacting to it and if any of your information has changed about actual BTC fundamentals or your perception of such fundamentals has changed - which sometimes has required a bit of conviction and faith, too...  (and also sometimes you are going to make mistakes along the way too, and there are ways to attempt to recover from mistakes without necessarily doubling the risk or ending up compounding any mistake that you made  - which is sometimes another thing that people end up doing if they set their demands and expectations too high).

So I am not even saying that getting involved in bitcoin and building various strategies and following the various strategies while tweaking from time to time is going to end up being easy, but there are ways to attempt to tailor in ways that allows you to keep stacking sats whether it is cutting back your expenses in various ways, as you mentioned aysg76 or if there might be ways to improve your cashflow in various ways in order that you have more value that you are bringing in that you are going to be able to invest into bitcoin too.. without necessarily becoming too overextended either financially or psychologically.

Great brother. I am new on bitcoin currency. I really impress with your profitability. I think you are a professional trader of bitcoin. And your profit is really massive. I am trying t know how professional traders do trading. So that I also follow them to earn profit. I am learning technical analysis from YouTube videos to increase my knowledge about trading

The strategies described in this thread are not about trading, and if you had read through any of the substantive posts of this thread (including OP), you should have been able to appreciate that there is a described set of strategies that involve ongoingly buying BTC and accumulating BTC with the passage of time.. That strategy is sometimes described as dollar cost averaging (DCA), and of course, anyone who employs such DCA strategies will come up with variations of such strategy, and surely trading is a different kind of strategy that is not specifically being discussed in this thread.. even though there could be ways that trading could complement DCA  -- but that is not what is being discussed here.

In other words, DCA is amongst the most basic of BTC accumulation strategies that historically have been employed in advantageous ways, and trading is a more sophisticated, complicated and advanced strategy - that could end up screwing up the more solid advantages of DCA if various kinds of risks are added including playing around with your BTC stash to sell and try to buy back BTC cheaper.. which has usually proven to be something that has not worked out as well as those who have historically followed a more pure DCA BTC accumulation strategy.   There is a familiar expression that "time in the market is more important than timing the market," and DCA allows people to ongoingly put money into BTC as aggressively as they are able to do.. which can help for getting time-in the market.. especially that some people are not able to lump sum invest into bitcoin, so they can just invest what they can on a regular basis.. which is DCA investing.

If horses are true wishes, I'd love to attempt your strategies of investing the little money I have from my job. There should be no excuses for not getting Bitcoin, regardless of one's position or financial stability.
Now that bitcoin is preparing to embark on another bull run, I believe it is now or never to conduct another cost average.

That's not how DCA works.

You could probably explain him in detail how Dollar cost averaging (DCA) investment strategy works that could help us to stack more sats at the same funds.I have been doing it from past few weeks and ignoring the prices and not seeing that whether it's time that btc is embarked or not and continue to invest my funds in it without any expectations.

https://i.ibb.co/zX4GtdN/images-33.jpg (https://ibb.co/ZBMWb9N)

Make bitcoin investment but have long term goals and i agree with @JJG on that point.

I have never thought of buying Bitcoin with such a small amount. Thank you for giving a demonstration and inspiration.
I used to think that it would only make sense to invest a lot of money.
This way of using pocket money to buy Bitcoin is easier to hold for a long time. Because there is no financial pressure.

Of course, once you realize that you can buy small amounts, then it is a matter of shopping around for ways that you might not get too much gouge from various fees.. whether it is buying $10 at a time or $100 at a time, I tend to recommend attempting to buy at least weekly, but sometimes if you are only able to save around $10 per week, then it might make sense to do monthly purchases of $40 per month..

Fees are definitely going to vary, and let's say that you want to acquire bitcoin from peer to peer transactions using cash, sometimes the otherside won't even transact unless you are able to come up with a certain value, whether that is $300, $1,000 or some other value that they believe is worth their while in transacting.... there are several exchanges that allow small transactions, but their fees are going to vary.. even though we know that there are some initiatives to really bring down fees through some of the lighting apps (including like the Strike app and some of Jack Mallers work) and maybe those kinds of competitive initiatives will translate to the fees that are charged in various kinds of onboarding into BTC possibilities, too.  Shop around, and share.

You can save 20%-50% of your monthly income to invest in bitcoin if you want because that method won't hurt you financially in my opinion. I have this habit since I joined this forum but unfortunately I only started in the last 1 year because I previously invested in gold. I don't want to beat myself up as to why I didn't do it in the first place, it's a difficult decision to explain when we look at the fact that bitcoin can go beyond what most people think is impossible. Now I enjoy it.

You are not necessarily wrong BITCOIN4X in your stated level of aggressiveness in terms of the amount that you want to invest on a regular basis from your income.  Historically, I had always shot for investing at least a minimum of 10% from my income, and sometimes there is not enough cashflow to go very much higher than that  - but surely individual circumstances are going to vary in terms of what is feasible, reasonable and prudent.

It seems to be bad advice to suggest investing 20% to 50% without really appreciating the variance that is likely to exist including that there are likely needs to consider having an emergency cashflow.. and bitcoin can be very volatile, so I would not suggest using bitcoin as an emergency cashflow resource, so in the end each person should be assessing all of his circumstances in deciding how much they are able to invest on a regular and ongoing basis which would include assessing their cashflow, their other investments, their timeline, their view of bitcoin as compared with other investments (and surely there could be an assessment to ONLY invest in bitcoin), their risk tolerance, their time, skills and abilities to plan, strategize, learn along the way and to tweak their plans/portfolio from time to time which may include trading and reallocating or the use of various financial instruments, and of course, the more basic systems would not include trading or the use of financial instruments until making sure to get all of the individually tailored basics in place first.

By the way, when I was in my younger career and college years, I frequently felt that I was struggling even to put 10% of my cashflow aside.. yet there were periods of time that came later down the road that I had gotten to investment levels that were quite a bit higher, even approaching 40% at certain times. .and at the same time, there may well be some needs to increase cashflows and/or decrease expenses to be able to accomplish higher levels of regular investing which would not be for the faint of heart or for anyone who is into spontaneous consumption or inabilities to delay gratification. 

JayJuanGee, I know that percentage may not match the financial condition of others considering that each individual has different need. Usually I need $200-$250 to make ends meet me and my family for 1 month and that amount is 50% of my total monthly income. So if I invest in the range of at least 20% to max 50% every month then I probably don't have a big problem. But I will not do it to the maximum extent because maybe I still need a reserve of money if needed at any time. 30% is the most likely number for each current month and the remaining 20% ​​is for reserves.

There is not too much financial pressure as i am cutting my junk food budget and investing the same into bitcoin but sometimes you can say i go above those level and invest my extra funds into it which i might need later on but you have to bear some financial problems not a big level but still little bit if you want to secure your future ahead and that's how bitcoin investment works.

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This month DCA investment will be updated in @OP shortly as i am busy somewhere so unable to do it but will surely do it soon

Largely I had been DCA investing about 5% to 30% (with a more common amount of around 10%) of my income into various investments for about 25 years before I discovered (and got into) bitcoin, and I frequently found temptations to dig into my investment or even temptations NOT to invest (and to consume instead), so of course, there can be dilemmas about whether to live well today or to delay gratification into the future. I have never had any investment have returns even close to the numbers that bitcoin has returned... so I can say that some of the considerations will change once your portfolio gets really high into profits and you overly exceed your investment goals.. so you will move from accumulation, to maintenance and then to liquidation.. so perhaps I am in a stage of maintenance and contemplating further practices of liquidation...

I am following your method of saving in another crypto coin not in BTC. I separate a part of my income for buying a top most coin every month and happy to see the value has grown well now. I am not going to take them out in very near future, but going to hold them. I almost save just $50 every month. I have almost saved 150$ so far. Hope this practice will yield me huge money in the future.

This thread is not about shitcoins..

So likely the DCA method may well not work out..   

In other words, either get the fuck out of shitcoins, or take your conversation about what are the possible pros and cons or additional factors that you may well need to consider if you are going to have any value parked in any shitcoin.. including regularly investing in such nonsense.

I don't know which altcoin you are talking about and really don't want to know because for me bitcoin is the only best option available for doing my DCA investment strategy and as @JJG pointed out this might not work with shitcoins.You are saving each month as you said so why not bitcoin to do so? If you can have fraction of it only and you could stack ubtc or mbtc or even lowest unit of btc that is satoshi with $50 also btc is best option.There are certain reasons for this :

Your shitcoin might not provide return in future

They are not at all secure like bitcoin and centralised control over the currency in most of them which is easy to attack and dump the coins

Your $50 might turn into $500 with it but after the crash it will be worth $5 only

So if you want to follow then do the exact because this thread will help only bitcoin maximalist.Hope you understand.

Now you see how bitcoin DCA investment could be worthy and my small investment have yeild me high profits with bitcoin reaching new ATH of above $65k and more to come.This is the power of king Bitcoin.

The @OP thread is going to be updated with this month investment charts most probably tomorrow.Not going to close this so easily because i am the long term holder and will keep you updated about the same for small investors motivation also.

As I was busy in other works and was not getting time to update you all with this month DCA investment strategy but now @OP has been updated with the 5 ^th month of bitcoin investments done by me by putting my extra funds into it and frankly speaking I am now enjoying this journey seeing my profits. There were two things like prices of btc reach its ATH above $65K and my profits increased the same way but on the contrary basis I accumulate less sats due to high prices but that's the beauty of bitcoin that you could buy it in fractions also.I was into putting money into it no matter what the prices are and will continue the same for future also.

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HAPPY ATH TO ALL THE BITCOIN HOLDERS..... ( Especially written it in green for the green candles over the charts  :D)

What a nice and good for health strategy. You made so right decision when decided to invest in BTC money instead of wasting them on junk food and were really lucky to make this when the price were decreasing and even dumped to 30K.

This is so interesting. I'm gonna emulate you, it is not easy to be discipline to make  such investment. I am sure if can invest even the little I have with me it will be profitable. I'll make this a target as far as it's Bitcoin I'm good to go.

This is what I miss when I have the Bitcoin Discussion section on ignore.  Sigh.

OP, this is a great thread for one.  It shows others that putting aside just a small amount per week (granted, it's not small for everybody) for bitcoin can add up in terms of BTC and its fiat value pretty steadily.  Imagine if you'd bought $25/week worth of bitcoin back in 2015 or at any point when it was worth, say, $10k.  That would have been a hell of a return--but who knows how high bitcoin can go at this point?

Second, I assume you're probably young, and cutting back on things like fast food delivery and using the money to invest for the future shows a lot of wisdom and maturity.  To all the young people here in their 20s-30s, I'd advise you to follow OP's plan or at least do something similar, even if it's investing in stocks, metals, or what have you.  You'll be glad you did when you're older and have a family--or even if you remain single.  There will come a time when you either don't want to work anymore or can't, and you'll be in deep shit if you don't have a nest egg.

Glad I saw this thread, OP.  Props to you.

I also sometimes feel that there are some good threads on this section of forum piled under the load of other irrelevant ones and because of it started posting less here but few a times when i feel suitable to post or find some good discussion thread i visit this section and make posts not regularly.So this DCA thread fits here so made under this section.

I always heard people making various excuses like that bitcoin is very volatile which is true and others are saying the prices are too high and not affordable so it's just a lame excuse made by them and wanted to make them visualise that fraction of bitcoin can also be bought without going for full bitcoin and that's the beauty of bitcoin.The Lowest unit is Satoshi and you could also invest $10 minimum keeping the fees in mind.This is my weekly savings going for my future security.Like you said if we have done at an early stage then the time would be different for us but still it's not too late as if you cannot be a whale it's better to be coiner or say small fish instead of staying out and watching inflation and Governments robbing you up of last penny or we can say no- coiner is term for them.Although i have not set aside any price goals but keeping up it for long term and to accumulate more and more that i could till the time i Don't have surplus funds so whatever the prices are now only saving and who knows $100k is no more dream by the end of 2021 ;)

Thanks for the kind words and yes maturity is when you realise that saving for future is must to enjoy your old age as saving don't always implies that saving for our upcoming generations.We waste so much money on different useless items and on junk food and i don't say it's wrong but just cutting your expenditure a little to divert the funds for some investment like bitcoin which will prosper your networth and health in future is must taking decisions.I personally don't want to be a guy who only enjoyed his teenage and now is working his ass off on job just for bread butter.I also made this thread with the intention of giving some motivation to people that it's still not too late and make your investment wisely even with low amounts you can but with consistency which will help you a lot.

That's the spirit and you don't need to put exactly the same but just put on some or more according to your wish and as you said until its Bitcoin it's all good to go.But don't put for short term and don't get dispatched with Little dips or volatility and hold for long and you will see profits on your investment.

A new habit that should be imitated by anyone. Setting aside the money you usually spend on junk food and then diverting it to buying Bitcoin is a smart move and requires high consequences. You can benefit from every investment in the future.

What i think is many people will appreciate this effort but only a handful of them will inculcate it in reality and follow my methods.See i am not forcing anyone to invest in bitcoin but you can make investment according to your choice but the main concern is to make them at an early phase so you won't regret later on.This is my way of motivating you all with my DCA investments and see i will be earning profits in long run but those who just ignore this will keep giving same excuses like they give today and will face some worse conditions.

Wow! Very inspiring post OP. It's difficult to hold bitcoins for a long term and also difficult to change your daily habits but you did it. This will help people here to follow your habit instead of wasting money in not necessary things or foods that can harm your health. It's really a good example for everyone and at this moment you already gain a lot of profit from your bitcoin holdings at the value of $60K above. Your example is a good motivation and I want to try it also.

Sure, everyone feels good being in profits in the short term, but the short term does not really matter too much.

If your investment thesis allows for at least a 4 year time horizon, then you can look at where you are at in 4 years and perhaps give a bit of a congradulations, and likely even more of a congradulations 10 years after starting... .. even though I understand that short term might feel good too, but the short term should be considered as paper profits rather than actionable profits. 

By the way, if you are really considering getting to a kind of fuck you status before digging into your BTC, then perhaps even 4-10 years is not enough to actually do any kind of sales of bitcoin.. everyone has to decide for themselves in terms of how to manage their wealth and if they are going to change from DCAing into bitcoin and to start to employ techniques like skimming off the top  of their BTC profits or engage in other ways of managing their BTC holdings above and beyond DCA buying...   The tactics and strategies might become more clear once the 4-10 years have passed and at that time it will be more concrete regarding what kinds of new tactics to follow, if any changes are deemed to be changed..

For sure more options are available for those who have BTC holdings that are within larger levels of profits, so likely the longer the passage of time, the more likely that profits are going to become better, and surely DCA might be the best of the techniques for normies trying to manage cashflow, but also lump sum investing and buying on dips can also be used to supplement accumulation.. so when you get 4-10 years down the road, your options can be appreciated....

On my personal level, I am getting close to 8 years in bitcoin... , and even with a relatively modest investment of $10 per week would have gotten someone nearly 5 BTC by now (https://dcabtc.com?sd=2013-10-31&sda=8_years&f=weekly&d=8_years&ac=1000&c=true), and of course a more aggressive investment of something like $100 per week would have gotten 10x those results.

Probably based on current money printer and other various irresponsibilities that are happening to debase fiat money (and maybe even the fact that bitcoin is in a later stage of price appreciation), it may well be better to aim at a more assertive BTC investment approach and go for investing $100 per week as a target, if you can... and then see 4-10 years from now how your BTC investment holdings are doing.. I would surmise that there are really good chances that you will be in a decent place 4-10 years from now if you are able to attempt to be as assertive as trying to put $100 per week into bitcoin every single week.

I understand that not even OP has gotten his investment into bitcoin to $100 per week, but he is coming very close to that, and I am not even going to poo poo smaller levels of investing into BTC because each of us can ONLY reasonably invest as much as we are able to spare.. so sometimes it might not be reasonable or possible to set aside $100 per week or $400-ish per month.. so we do what we can and we also try NOT to over extend ourselves because we do not want to overinvest into bitcoin to such an extent that we are forced to dip into our bitcoin savings/investment at any time that is other than a time that is completely of our own choosing.

Sure you could also try it but you can change the investment according to your priorities and frankly saying it's not too hard to give up on extra budgets ans save for our future when you realise this fact that junk food or any unhealthy expenditure is just fun for matter of time but accumulation of bitcoin is the top most priority for us that could give high profits in the long run and you could easily enjoy afterwards.When i said you can change your investment is mainly because you should be consistent and invest for long term and then only you could have sufficient btc with you and short term volatility should not affect you at all.

That's the return btc have provided to the holders and not any other asset is capable of providing such high return even at low amounts and that also in such a short period of time.Those who grabed the early opportunity to invest in btc through DCA are now having some big amounts with them.


Yes you are right i am getting close to $100 and this month's investment will have that week probably and to save $100/week into bitcoin to accumulate some more and if the current scene (99%) continues there will be more and more bitcoin investments made by me as now my portfolio only consist of them not any altcoins.Keep enjoying.

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Congrats, you deserve profit because of your patience to hold, seeing the current price of course many people regret not buying when the price is cheap, so as not to repeat the same mistake then buying now is an option that must be done immediately because I'm sure in December will pump up to $ 100 k.

At this point, I consider $100 per week to be a reasonably aggressive level, but I understand that not everyone can reach that level.  

In real life, I meet quite a few people.. mostly relatives, but surely some other people who find out about my investment and involvement in bitcoin, and almost every time that someone says something about the possibility of investing in bitcoin, they seem to get worried about bitcoin already having had some pretty decent price run up, and with almost everyone I tell them the same thing.. to get the fuck started, and hardly anyone actually follows through with doing something - even people who have been following my bitcoin journey for several years, and I had been telling them the same thing.  

So, yeah, I used to recommend $10 per week, and now I am into recommending $100 per week.  I do have one success case recently in real life of someone who is doing around $50 per week, and she is in her early 60s, so she does not have a whole hell of a lot of working time left, but I tell her that she should be able to get her shit together to be able to afford to invest more aggressively.  She does have property and some other investments like a 401k.. and presumably some kind of pension.. I don't really know her exact details, but I think that she already uses a lot of debt in various aspects of her life with whatever she is trying to achieve in the remainder of her working life.. so yeah, it becomes a bit more difficult to suggest to someone what to do if their investment timeline is short.. so in some sense even if I say you should invest $100 per week (to her) and she ONLY does $50.. well, she has to live with her choice, and surely her choice is much better than nothing.. which tends to be the outcome of the vast majority of people with whom I discuss the bitcoin investment matter in real life.... even if they are likely fairly easily afford up to $100 per week - especially if they have some kind of income already coming in or they are already having an established life in several regards.  

Younger peeps and newbies who have a decently longer timeline that is at least 10 years, might start out with $10 per week, just to get started, but to realize that $10 per week is not very aggressive to make much of any kind of meaningful difference, and they should be striving to move up to $100 per week as soon as they can get sufficiently comfortable to attempt to manage that level of ongoing injection of value into bitcoin.... and no matter what is the amount, they keep investing and see in 4-10 years how their investment is playing out and sure maybe along the way they can study the matter, reassess how much they are putting into bitcoin and reconsider other aspects of their investment and their lifestyle whether that is there expenses or their income and if they come to various reassessments along the way, they can also reconsider how that affects the amounts that they regularly put into bitcoin in a DCA kind of way and if they can supplement with other strategies like lump sum investing or buying extra on dips.  


You can ONLY act based on current circumstances.  So yeah, OP has several months worth of runway, and if we go by your forum registration date, we see that you (Kadal Ijo) have been involved here since late 2016 (nearly 5 years, no), so did you buy any bitcoin?  You have had a longer potential timeframe, no?  If you are considering getting started now because you anticipate a pump to $100k in December, then what you going to do?  consider that $100k to be a top.. or just keep buying whether a $100k pump happens or not?  If you had been already involved in buying bitcoin for 5 years, of course, you have more potential options about what to do.. but I believe that OP and his such early stages of his strategy that it likely is not going to help him very much to consider changing his strategy if there is a $100k pump because then the question might be to maybe hold back and wait for a dip.. or just keep buying BTC regularly whether there is a BTC pump or not. 

Again, a $100k pump does seem like a BIG so what for someone who continues in early aspects of their BTC accumulation stage... and maybe just a dilemma rather than some kind of place to take any reward.. even though some implications and even temptations will be to take reward.. which may or may not play out well.... but if such pump goes to $500k or even to $1.5 million, then there might be more logic in taking some off the table out of expectation of a correction.. but $100k is a bit more ambiguous regarding what to do.. especially for a newbie BTC accumulator with less than a few years of BTC accumulation.

See i would like to suggest you not to quote full thread as it seems big text of wall and you can simply quote a part you want to reply to or if you want to have general conversation about the whole topic simply use this method:


Speaking about profits i have made them with the price increase but what actually profits are made when we cash out the investment but at this time in my case that's not happening as I am at accumulation stage only and will keep buying them even they pump upto $100k even after end of this year only.I have already Missed the opportunity to invest early but not going to wait even further for price to be low or dips because that's not happening so why wait even if you can put up such small amounts also for your future.But i would say that in case of an emergency if i am need of funds i won't have to go for any help to borrowers and my Bitcoins will help me in that case and i could cash out some portion of it because it is our financial asset to cover our back when we are down.But at this time plan for long term investment without thinking if it will go $100k we will be rich and spend all our coins but plan bigger and enjoy then.

What an awesome success story, you started buying BTC at the best point in time, your initial purchases are up 50%. I wish I had started buying bitcoins again too but the high volality this year made me very cautious. At least I didn't sell any coins yet this year so I can still profit. What I really like about your strategy is that you buy coins weekly and not all at once. Like this you manage to get very good average prices. This is very inspiring for me and I will try to do something similar. With my Christmas money in December I will invest in bitcoins again and like you I will try to buy every week for some months. Do you have a fixed target for the bitcoin price when to sell?

Actually i consider myself late to the bitcoin accumulation stage but didn't want to go beyond this time limit and started investing money with all my savings to bitcoin for future safety and to counter balance the inflation rates and have no tension ahead.I heard about bitcoin in the past but was ignorant like others not to realise my mistake when prices were down but still i am doing it now so don't worry at all.You should not worry about volatility at all if you believe in it and keep investing if you have long term goal like me and this will surely be profits for you.Speaking of me i don't have plans to sell my coins as no fixed price target but at this time i am only at accumulating bitcoin as much i can to enjoy rest of the time and when i will need will sell them.So you should also try this by DCA and you will see gaining more coins at the same price through weekly or monthly investment like most of the companies do.This way average price is very much low compared to total investments.

Yeah i am making up the whole things balanced and noted down to calculate the profits but will make depth analysis after 6 months of investment period to have an idea about the actual profits in that period and will take the fact how much average price it take my investment to reach that much btc accumulation stage.We all know btc is good source of investment and our funds will be safe so why don't we make our move? All the investments like stock and traditional markets have risk associated with it but we don't fear them but on the other side btc can make our inflation future secure with it's deflationary nature and we still make excuses about it.This is the time so take some motivation if you all can from me or anyone else but put some funds into it.

This is a very good long term investment strategy and I can say for  a certain that you're in the right direction. I'm planning to do something similar with Eth, BNC or LTC.

How long do you plan to go before stopping to take profits?

I haven't read through the entire thread to know if my question has been answered. Forgive me if I have but I'm very excited with this Investment plan.

You can take any coin of your choice but if you seek my advice then don't for some altcoins if you can have bitcoin instead of them with the amount you are willing to put in them.For example you plan to do $60-$80 ETH investment then could you survive the gas at this time? So consider investing in bitcoin which is this thread all about but at last the decision is yours.

Not stopping for long time as i have not planned such things as main goal is to make investment at this age and try to save more and more to invest the same in bitcoin.

You can read the thread throughly as it's not a long one and come to know my investment plans and can take an idea how much bitcoins i managed to accumulate with my investments going on.There are lot of options available but you should always choose the right one because all that shine is not a star if you understand me.

I am still doing the same work that i have mentioned in this thread and continuing my investment strategy with putting weekly funds into bitcoin and now prices are also someway low so getting some extra sats for the same.

What type of achievements you are referring to? If you are saying about how much btc i have accumulated then you could find it in the @OP for all the details are mentioned over there but if you are talking about some others then please clarify.

I will publish all the profit generated in single report after 6 months time period to have an accurate idea about the profits that i have made over these time periods.Will surely share all such report with you all to make you realize the importance of Bitcoin investment through DCA strategy and why many prefer it over one time investment.But still you can say i am in profits at this time because at one time i bought them for $30k also and now they are $60k so have an idea until then.

The Bitcoin candles are green once again and the investment or say my portfolio value has been growing continuously with just holding bitcoin.That is the power of holding.

Many claims that it's hard but in actual holding bitcoin is the most easy task but holding them for long term and in secured way is hard one so make the difference and Bitcoin is not going to wait for you.Make some early moves.

Holding is hard on the way up and on the way down, and seems to me that the harder part for many comes after they feel that they have sunk a decent amount of value into their investment and then the BTC price dips way below their costs and maybe even stays there for a couple of years.  I had very long periods of nearly 3 years that some of my BTC were below the cost of purchase, and I even had periods in which my overall investment was only worth about 30% of the value that I had put into it... so those kinds of periods can be even more difficult - and they likely would be worse for someone who may have overinvested or even taken out debt. 

The amounts that you depicted so far in this thread do not necessarily seem to be high enough to even cause as much concern.. but surely also a lot of these kinds of considerations are relative too, in terms of other investments that you might have or even if you have all of your investments tied up in bitcoin, which might cause nervousness too.. and maybe even more nervousness the longer that you are invested and the more that you start to feel loss of value with the BTC price going down. 

Of course you have a right to your own perspective.. and I suppose that there can be some euphoria being in profits, too.  There do seem to be more options when you are in profits, even if it may well cost more (relatively) to acquire more bitcoin (less bang for the buck when the BTC price is higher).

The first thing which you should do is to set the target for each coin that you bought. You can think of taking profit at 2x or 3x depending upon the coin marketcap and other factors.
There is no hard and fast rule that if you invest for an year or two, you can achieve your target. The target price for your investment can be reached much sooner than your thoughts.

You have been able to hold for more than 3 years and now you are able to make huge profits. This is actually a psychological challenge. When the portfolio is declining in a bearish condition, there tough to keep holding mentality at that time, and Investors fall into serious psychological challenges.
In most cases newcomers face such problems, the experienced ones do not care about such types of regular pumps and dumps.

 :)Many times we come across such periods where we found our boat sinking to the bottom levels or in other words our portfolio is witnessing reverse growth and our investment is decreasing day by day like you said in your case and we might find it difficult to survive but the best option is to leave the funds safe like if you have bitcoin and completely forget about them for some time and have patience.If you have sold about 3 years ago then would you have been able to enjoy the new ATH at this time period? So we all know this is highly risky market and funds could be lost but trust me btc will not let you down so easily.

Although i don't have big proportions allocated towards bitcoin similar to many of the big investors who managed to get them at early or have deep pockets to back them up at high prices also but i am not no-coiner also and have reached good amount at this time and will continue to have them without any hastle.I am not into trading which could be hectic and mind consuming but just want to hold for long periods and believe me it's not hard once you make up your mind and no major crashes affect you.I have seen 70-80% downfall in bitcoin prices but still we have seen it reaching $68k today so that's the motivation for me.

It's all the mental game and if you could survive that easily or in pressure you will sit on profits but keep in mind it will work only for bitcoin as per me not the shitcoins that are rising for a temporary period in market.Suppose you are holding some meme coins with psychological thinking that it will grow and have faith in it but it's completely delusional faith and nothing is going to improve and it's better to sell them ASAP.So make the difference and set your goals as i have made for bitcoin.

I believe we should also plan for the possibility of losing money and knowing when to stop because it is not always profitable. If there was a dump , we should be prepared. Same as target profit, you should also choose your stop loss, which should be equal to the amount of money you can afford to lose in the event of a dump, just to be prepared and ensure that you will survive. However, you are correct in that making a profit may occur sooner rather than later due to the fact that cryptocurrency is extremely volatile and, in some cases, extremely fast.

You are saying right that we should always be prepared to face dump or huge loss in the market as we are dealing in the highly risky and volatile bitcoin market and if we can't afford to lose what we have invested then we should stay away from it.But how many people who have hold bitcoin for more then 5-6 years in the past have complained about the loss? The prices in 2017 were $20k ATH and then crashed to $3k and now comes two people at that time -

First who sold their coins below $10k due to the panic sell because they were seeing some crazy red candles on the charts and wanted to cash out the investment as soon possible but what they gained from it? Some might be in profits or loss but majority was at loss who sold.

Second comes the Holders who didn't panicked out during the dump and stay calm because they were long term hodlers and stay away from all negative vibes and still hold the coins so they are now worth $67k at this time.So they are huge profits.

There is difference between them so just prefer long term without any trading if you don't have experience for it and Bitcoin will not make you upset.

The second person should have enough conviction to keep buying BTC, too.... So if he had bought some BTC at nearly $20k, he continues to DCA buy on a regular basis when BTC prices are below $10k and maybe even when BTC prices spend a considerable amount of time below $6k, then he brings down his overall cost per BTC... and hopefully, he did not blow his whole wadd at $20k and over invest and since we were down below $10k for a large part of time of the subsequent time between early 2018 and mid 2020 there were a lot of opportunities to both buy below $10k.. but just to buy at whatever price was happening during that time to continue to accumulate BTC.. whether that would have been $10 per week, $100 per week or some other amount that the buy, HODLer, accumulator, could prudently put into his stacking of sats(BTC).

It might seems to be simple that holding is easy but it takes a lot of effort on the contrary side because you have to bear all that crash,dips and FUD and panic sell.Suppose you see some green candles on the charts and then you are happy to see profits but then suddenly all those crazy shit begins and they again tumble you feel frustrated also but the fact is if you are long term holder then it won't hurt you much and you only need to be calm as many are and many not and then price increases you are in profits.I personally have gone through these sentiments lot of time but believe this patience will benefit you in long run and you won't be regretting selling at this or that.

I would rather say it's good to give up junk completely but i am also of the opinion that you can enjoy some cheat meals in between and to have your favourite food sometimes as this is also nice enjoyment and often we need to have what we crave for.But there is difference between rare case and most often so make your investment with whatever you can.

Such a great journey man.  These days the price is so volatile that you really need guts to hold for even 4 months in straight row! I mean I keep buying and selling as I get the chance. Like if I see if I am in slight profit then I would just go in the market and sell it out. Later on I will keep buying when the prices are down, from the same money that I sold earlier. This just gives me small drift ahead but not as much as I could end up in doubling my investment.

I think one lesson is good from your investment plan, we should keep buying at different rates no matter what and keep storing the coins. The more I am scared the more I loose I guess?

Because just look now, you acquired 0.028 bitcoins which are worth more than those all four months at the yesterdays all time high.  :)

I am very happy and enthusiastic in starting this business and will not leave it again, because this business is very useful for the future and having a business in the long term for a business that is also quite satisfying.because in the last few months I am very starting to be enthusiastic about getting into this field, to start my umpteenth business to gain a little experience about the business that will give me a little profit

Each of us need to judge whether selling some portion of our BTC is any kind of good idea, especially if our goal is to acquire more BTC.. so in the early years of being in the process of BTC accumulation, there is a kind of need to just be buying BTC through the three main techniques of DCA, lump sum investing and buying on dips, and really you should just get selling completely out of your mind as a strategy to accumulate more BTC.

Once you reach a status in which you have a lot of BTC or you are greatly in profits, then there may be some prudence in considering including selling (small portions) of your stash in order to off-set volatility or various other goals that might not be directly aiming at accumulation but instead merely balancing your wealth in ways that are reasonable and prudent.

Each of us need to assess our own personal situations in order to figure out where these various lines might be in terms of how far we might be in accumulation stage or if we might also be overlying a kind of accumulation/maintenance stage, and surely I would not proclaim that it is prudent to keep too much of your wealth ONLY in BTC - especially once you reach a certain level of BTC accumulation and there might be some problems if you do not own other assets or currencies because of real world matters of expenses and just benefits of diversification of wealth - even if BTC might well be the best of the long term performers and prospects in terms of investing, it can serve folks quite well to have a decent amount of short term expenses covered whether having cash flow or trying to manage and maintain BTC holdings when they start to become way too much of your wealth balance... if that situation develops after 4-10 years of investing into BTC. 

By the way, if you are mostly investing with spare cashflow like OP suggests, it could take several years (4-8 years or more) to even reach points in which there are considerable profits or justifications to start to engage in some selling of your BTC in order to manage your BTC holdings and your overall wealth and allocations.


You are pretty vague in your comment CDC AP. 

One of the best ways to get into BTC is to start with some kind of reasonable level of DCA while you are studying the space... whether that is $10 per week, $100 per week, $1,000 per week, or some other level that you find to be reasonable for you and your situation.  As you study the space you can decide whether to become more assertive and aggressive towards your investing into it.. so probably in the beginning you might error on the side of reasonably small before becoming more assertive/aggressive.  Many of us are going to learn a lot more once we both formulate a kind of plan and begin to execute upon it  and then we can expand our exposure or the various ways that we are involved in the BTC space.. and there are surely a lot of things that can be learned and it can take a very long time before becoming more and more comfortable.. we have a decent amount of people involved in bitcoin for many years and do not really understand bitcoin very well or even NOT having had create a plan that is very tailored and customized to their individual situation whether that is merely balancing personal finances or maybe involving business finances that they might also want to expose within the bitcoin space.

I am at continuous accumulation phase of Bitcoin with increasing the weekly budget till the time i can and with this month of investment there would be more stacks added to the total bitcoins i have acquired till this time.This thread only indicates the DCA strategy that I am implementing to show the small investors or those who have the fake thought of having full btc at this price and they cannot afford it.At one point i also started with $$20-$30 low and slowly increased but my case is only for long term.

Like you can sell whenever you see profits suppose if i have sold at ATH few days back there would be sufficient profit for me as you have also mentioned but my goal is not to trade at this time and only invest for future savings and hedge guard against inflation.This way the profits will be way more than we have expected along with future security and not worry about devaluing fiat or piece of paper only.

Good journey and will be an important history for your life, buying bitcoin has made you profit, if you have more money of course will buy again, and this is a good example for me to dare to take risks by buying bitcoin and of course be patient to hold, already There is plenty of evidence that buying bitcoins is always profitable.

There are plenty of evidence of people claiming that we have missed the boat and something like it's bubble but it all depends on how we see things.For many bitcoin might be just an ordinary currency and they like traditional investment plans but they tend to loose future vision and i am not convincing anyone to Bitcoin but simply motivating you all that it's possible to have full btc with stacking sats also and why we always think of acquiring full bitcoin? This DCA method is helping me to secure my future as well as give profits to which i am satisfied and not panic selling with this.Once you all know about the true picture of Bitcoin the scenario is entirely different.

So we are down again and for some it's time to panic sell because the bubble might burst anytime but for the long term holders and DCA investors like me this is a great opportunity because you are going to stack more sats at this time which in turn are going to give out more profits to your total investment.If you think of becoming rich overnight then it's not possible and holding requires patience and your strong mentality.

So just HOLD for long term and it's going to recover soon as bull mode is starting..

So now i have successfully completed six months of regular Bitcoin investment through DCA strategy and it is immense joy for me.The plans are to keep it going for long term until i accumulate enough to secure my future.

The best part is this time i managed to cross $100/week for investing in bitcoin and now don't say that i am whale who has enough to put in  ;D because i am cutting off my expenses on wasteful stuff but to celebrate my six months Bitcoin journey i am going to order two pizzas for me as one day is allowed to spend on them if i have compromised long for them.Just keep in mind i am stacking sats not full load of bitcoins which you can also but some are busy criticizing it and giving out excuse that won't help you.You need to take some risky steps if you want to secure your future.

Hold,invest Bitcoin for your future

Soon i will print my progress report to share with you all to tell you why btc is my choice not any other shitcoins.

Happy celebration mate and congrats for your sixth months of weekly investing , this is simple to think but harder to completed .

+1 on this . HODL guys.

while I obviously understand your reason , yet it is cool to share and hope many will take your experience and reason and adopt to themselves .

A big congratulation to you because is not easy for someone to earned so much income for just six months in the community. I know many try to earn well like you but it hard them to make a good income within the six because the price of bitcoin keep drop at the time many customers were willing to sell in the market.
Many investors where still waiting for the price of bitcoin to go down for that six months before they can buy and hold Future which caused them to missed so much opportunity within the six months. Now that the price is still dropping, it will be a good idea for any customers to start buying bitcoin for future profit making.

How have I not seen this topic?

OP, good on you! Plus it would help you to think that HODLing Bitcoin “is not the same” as merely investing in Bitcoin. HODLing is what the word means, to HODL.

Although, sell if you truly need another currency, but always leave some coins in cold storage. 8)

what i love about op is the determination and belief that few people have and two thumbs up for you because what you are doing is the right thing and i hope you edit this post every year with what happens to your investment because it will be very interesting

You likely already realize that I am going to be critical regarding various aspects of what you are doing - even though I surely am ongoinly applauding your efforts at the same time.

Part of my motivations to criticize likely have to do with the fact that we are in a public thread, so in that regard, there are going to be quite a bit of variation regarding how to firmly set goals that are personally tailored,  so maybe sometimes I may well end up criticizing you for either NOT clarifying your goals or perhaps having the wrong goals, so some of that would not even necessarily be personal to you, but instead just attempts to try to get folks to consider their BTC investments in concrete ways and surely perhaps to get folks also to attempt to be somewhat aggressive in the goals that they set regarding bitcoin accumulation while at the same time I would not really want anyone to be getting too far over their skis or overinvesting in such a way that would end up causing them to panic sell at the wrong time or some other actions that cause them to become too emotional about the role that their BTC investment is playing in their lives.

Surely, I applaud you, aysg76, for working your budget up to more than $100 per week, and surely I hope that those amounts are sustainable and not too much for you.  For sure, we can look back historically and verify that $10 per week would have turned out decently well for peeps investing into bitcoin, such as $10 per week for 8 years would have put someone currently at nearly 4.6BTC, which would have nearly a $300k valuation (https://dcabtc.com?sd=2013-11-23&sda=8_years&f=weekly&d=8_years&ac=1000&c=true), so surely there could be some decent chances of that spot price appreciating to $1 million to $2 million in the near future (which could well happen this cycle or next cycle because it would only be between a 3.5x and 7x BTC price appreciation from the $57k-ish BTC price we are at currently), even if perhaps I personally am NOT too excited to take too many aggressive actions based merely on spot price, but spot price can still provide decent valuation frameworks for those who may even be inclined to cash out (which also I would not recommend playing your BTC portfolio like that) .  Anyhow, surely we can apprciate that after bitcoin had gone up thousands of times through several four year cycles, it becomes more difficult to get thousands of times of BTC price appreciation in similar time periods, even if we look out 10 years or more, there could be some possibilities of 1,000 to 10k times BTC price appreciation, but seems like a longer shot rather than something that would be very likely to happen....

By the way, I get my bullish as fuck price calculations about maximum potential BTC price appreciation from comparisons to gold in the sense that we can appreciate that bitcoin is much better than gold, but how much better than gold.. perhaps up to 1,000x better than gold under current BTC/Gold price evaluations..   So right we have BTC that is about 1/10 the market cap of gold, and if BTC were to reach 1,000x the valuations of gold at current price evaluations, then that would add up to bitcoin being capable of getting to 10,000 times its current market cap, and yes, I know that sounds fantasy as fuck because that would put bitcoin at a $1 quadrillion market cap and there are several folks who estimate the total of the worlds various forms of storage of value to ONLY add up to around $400 trillion to $900 trillion.  I know that Greg Foss has evaluated all of the worlds storage of value (which he calls reserve assets) at $900 trillion  (https://itsblockchain.com/one-btc-worth-2-million-greg-foss/)- and maybe that is amongst the largest of the valuations that I had heard from someone who is an expert in making those kinds of valuations assessments.

So maybe my own motivation for writing this current post does stem around your suggesting that you may well want to buy two pizzas with your bitcoin, and surely for symbolic and funzies reasons, there could be some entertainment value in that, but for serious considerations regarding where you might be at with your portfolio in terms of potential long term goals, there might be some desires to set your overall long term targets first.  I understand that I have historically asserted that getting to $1 million of value might be a good goal, but within about the last year and a half - especially seeing what has been going on since March 2020 and some of the revelations that some of us might have found from that timeframe (including various subsequent government actions and behaviors of people), so our previous decent entry-level of fuck you status would likely need to be moved from $1 million to $2 million for a lot of folks - at least in the west.
 
Sure, I could concede that someone like you, aysg76, might have way lower goals.. so maybe even reaching $500k could be a entry-level fuck you status goal for some folks?  I am not really sure... but I would suggest that the desire to buy two pizzas with your BTC (unless you are doing spend and replace) would not be a reasonable or prudent goal until figuring out what your entry-level fuck you status would be, and then maybe once you establish that, then perhaps, you could symbolically (or for entertainment/celebratory purposes) spend some of your BTC to buy two pizzas once you reach some symbolic level of that.. whether it is 5%  or 10% or something like that.. so for example, if you consider your entry-level fuck you status to be $500k (which many westerners would consider decently low), then 5% or 10% would be having a BTC valuation of $25k or $50k respectively.. .. anyhow.. that's my own thoughts regarding when it might become prudent or reasonable to spend some BTC.. so yeah.. the 5% to 10% of spot price fuck you level might be a reasonable spot.. and of course, I personally do not measure BTC valuations for the purpose of entry level fuck you status based on BTC spot price  (note 208-week, 104-week  and 52-week  moving averages for those more deep analytical purposes that attempt to account for longer term BTC volatility).. even though BTC spot price may well be useful for some kinds of celebratory/entertainment/funzies purposes.. from time to time.


Well Sebas.tian, if you had not realized, part of OP's motivation is to buy BTC on a regular basis at any price (which is also known as DCA (Dollar Cost Average) investing), and surely so far that seems to have been working out decently well for him because overall BTC prices have been going UP, in spite a few dips in the last 6 months since he had been buying BTC.

So there is almost some easy-peasiness in terms of the vast majority of anyone buying in the last 6 months to be profitable at this point.. yet in some sense if your views about bitcoin might be longer-term such as out 4-10 years into the future, then the fact that BTC prices are UP, DOWN, FLAT, or various combinations or rollercoaster in the shorter term might not be as BIG of a deal, even though surely several newbies feel MOAR better (warm and fuzzie perhaps?) when the dollar value of their BTC investment is up in the short-term, those kinds of matters should not matter so much for the first few years of the investment, and maybe ONLY start to become more relevant later down the road... .such as within a kind of 4-10 year time-frame, there might be some reasonable desires to be able to measure that the overall strategy and performance was the right thing to do and that the investment into BTC is working out overall, relatively speaking and in terms of considering if there might be some reasonable reasons to change the investment approach..

By the way Sebas.tian, personally I am not opposed to any kinds of BTC accumulation strategies that might supplement an always buying strategy (aka DCA investing), and surely buying on dips and lump sum investment strategies can be good supplements to DCA, even though DCA seems to be the best of strategies for accumulation for normies who might not have lump sums to invest and are largely just investing into BTC with their extra cashflow.

Daily so many threads are created on this section so it easily got buried under them unless someone did efforts to have a look at it and some other members have also said they have missed this one due to this.Trying to keep it up for members visibility

Have the same intentions to keep the thread updated until i pursue my bitcoin journey and will also try to post the profits balance sheet to give you all idea how come DCA investment is better then one time investment if i get some free time to make the sheets.I just want to promote Bitcoin investment among small investors who fear it or say it's expensive even if am crossing my limits to put $100/week you all don't need to go that way and can put whatever you wish keeping up the fees in mind and rest HODL is the key to success which you can do and have secured future.If i can you also can.

So here once again i am back with you all to present my succesful 7^th month of Bitcoin DCA investment with you all and regular investing has helped me a lot.There were two weeks possible this time when i got it under $50k and just imagine how lucky I was to stack some additional sats at the same investment level of mine.

You feel panic and sell your stash but on the other side there are some like me who are accumulating more at these dips as i am putting more of my salary into bitcoin each time i make my next DCA move into it and have published some threads apart from it as why i trust bitcoin as my favourite investment plan.

Some will say i have funds that's why I was lucky enough to put some money into it but to tell you I am also like you all a normal working guy but the difference is you all have excuses but i don't want to be a normal guy anymore and secure my future and btc is best option for me and you choose your own way.

You can just check out how many sats i have gained through this DCA strategy and it's working completely fine for me and have plans to continue it for long with putting my money into it.

you are best investor, you buy bitcoin every month no matter the price, when the price is high you buy and when its low you buy, you are a great investor, i think for 5 - 10 years from now, you will get the big return of bitcoin, keep investing like that man

I understand that it might be a bit of a struggle for some people to get up to $100 per week in terms of their investment into bitcoin, and I am glad that you got up to that number for this past month.. even though for sure it might seem like a random target, but it does seem a bit better on the aggressiveness threshold.. and sure it might take you 10 years or more to get to something approaching fuck you status... but you will likely be much better off in terms of having a more aggressive ongoing BTC buying strategy.. so long as you are not over extending your own budget. 

So, sure perhaps a $100 per week strategy will not put you in a similar position as a $10 per week strategy from 9 years ago.. but each of us should just be attempting to do what we can to figure out what level of sufficiently aggressive we can afford to be.  By the way, a $10 per week investment into BTC for the past 9 years would put you at about 14.25 BTC (https://dcabtc.com?sd=2012-12-22&sda=9_years&f=weekly&d=9_years&ac=1000&c=true)... so yeah.. 10 years from now, maybe you could be approaching at least a good place.. but surely you are not going to even likely reach 1 BTC even  with $100 per week.. but that's o.k... there is no need to set artificial or even unreachable goals.. because each of us should work within our means.  I know people in real life, who have told me that that if they cannot reach more than 1 BTC then it is not worth it to even try.. which really on the face we can see to be a ridiculous defeatist attitude.. and even presumes it is too late, when it is not.

Another issue would be to be investing more than you can afford, which could cause you to panic at some point in the future... and it would not be good to be investing at levels that end up putting yourself into either emotional or financial distress.

Great choice makes extraordinary history,Appreciated and newbies must learn from this choice and the way of venture since drops can make an ocean. We all spend on additional uses but presently shlould think that crypto world can bcome life changer and you'll get financial freedom. There is something that able to take a lesson from your story. For those who are commonplace with Bitcoin, it's a brilliant opportunity for us to spare Bitcoin for our future. And sparing little sums will not make a difference in our current lifestyle. If you're holding up for colossal sum to contribute you may hold up ferever so this can be time to require activity and get your position.

To be honest there are many things in life that we can do without and the money for it will be used to do crypto. Like cigarettes, gambling money, junk food expenses, fast food expenses, transport expenses being taken out of the budget even if you are working from home, cinema time, toys and collectibles, and many others. The only challenge that we have to face would be the discipline needed for us not to succumb to temptation of using those money for your habits.

I would suggest to not be playing around with buying crypto with your money, but instead to focus on bitcoin and get that nonsense term of crypto out of your thinking when it comes to even thinking about bitcoin investing which might be a way to attempt to start thinking about longer term time horizons.. in order to attempt to appreciate accumulating and holding for the longer term.. .. of course, any accumulating of bitcoin will likely help you out 4 years or longer, but if you are accumulating relatively smaller amounts in the range of $10 to $100 per week, then likely an investment time horizon of 10 years or longer would be better ways to think about attempting to set yourself into a better position... I know it sometimes can be difficult to think so far out into the future.. but time does seem to be one of the aspects that really make a difference in terms of starting to see meaningful value and appreciation in bitcoin...

So for example, if we look at $100 per week for 6 months, we ONLY have around 24% (https://dcabtc.com?sd=2021-06-22&sda=6_months&f=weekly&d=6_months&ac=10000&c=true) price appreciation, and at a year we have 30% (https://dcabtc.com?sd=2020-12-22&sda=1_year&f=weekly&d=1_year&ac=10000&c=true) and if we zoom out 4 years we have 5.3x appreciation (https://dcabtc.com?sd=2017-12-22&sda=4_years&f=weekly&d=4_years&ac=10000&c=true) and at 9 years we have about 177x (https://dcabtc.com?sd=2012-12-22&sda=9_years&f=weekly&d=9_years&ac=10000&c=true).

For sure, we know that past performance is not going to likely give similar levels of returns in terms of percentages and even in bitcoin we can see that the price appreciation slope has become more gradual over the years, so surely historically it has been better to get in early, if you were able to get in early.. and there really are no reasons to conclude that bitcoin is a worse investment, even if the upside slope seems to be less steep.. but we can still look at both upside potential and downside risk to assert that bitcoin is likely to be less risky these days than it was in earlier years..

and of course, currently we cannot move the clock back so we can ONLY invest into bitcoin with whatever resources that we have in front of us at this time and wherever that we might be and attempt to be reasonable about the whole matter in terms of our own financial and psychological circumstances.. especially if your investment amounts are relatively small... such as less than $100 per week.

At the initial phase when i started investing through this DCA method i also thought it will be very hard to cross $100 weekly investment limits but later on with time i found it interesting and profitable at the same time.Although my postion is not too good that i can spend enormous amounts only on Bitcoin as you know we need fiat also for our daily life but i have said it earlier also that we need to break our comfort zone if we need to safeguard our future from any other financial catastrophic events like hyperinflation could easily put you from rich to rags so it's better to tighten your expenses and plan for future ahead.

Obviously we can't get same amount of Bitcoin at even higher rates which we could get 10 years back because there is huge price variation but it doesn't mean we still waste time and like others i can't say i was not having sufficient funds to invest at that time.So trying my best to stack as many sats possible with me for long term and will see what my financial situation would be at that time.But one thing is for sure it would be far better than today and those who are spending vaguely will regret later on.This is life circle and we should utilise it in best possible manner.

On your first point regarding growing into higher levels of aggressiveness, that does not seem unusual for people who learn about bitcoin while they are investing and then at some point along the way start to consider that they might need to be a bit more aggressive in their investment approach.  Surely, the learning about the asset does not always resonate in the same way with people, and the subsequent market performance can make a difference too.   Some people feel more confidence when the asset goes up in price, and maybe they might start to feel dejected if the BTC price goes down in price and then they fail to buy at the most important times.. such as during a long period of down or stagnation..

This year has not really been stagnant, even though we had a 56% dip and a 39% dip.. Now if the dip continues from here, then maybe we can reassess, but one thing that I am referring to is something like a 1-2 year period of down and even if there might be some UP that comes after the first year or two, the amount of UP does not put you above the starting point... So those kinds of stagnant or negative periods can challenge the sentiments and even the buying aggressiveness of BTC accumulators.

Regarding your second point about the amount of BTC that you can get. Of course, I believe that it is a NOT too helpful of an exercise to get caught up upon the fact that you cannot get as many BTC as you would have been able to get 4-10 years earlier, even though there can be some fruitfulness in considering  past performance in those kinds of terms.. So, yeah in recent times we had talked about newbies with investment projection values of $10k to $20k having goals to get to 100 BTC and then with the passage of time those newbie goals came down because it became less reasonable for newbies to have those kinds of entry-level goals, so maybe the goal would be 21 BTC or 10 BTC or 5 BTC or 1 BTC, so maybe in recent times we have been talking about newbie entry level goals as 0.21BTC... So the amount of BTC that can be accumulated goes down... and at the same times, we likely have to bring down our projection of likely reasonable terms..  Surely there are ways to see that with a longer projection of BTC values, you can see quite lucrative returns that might easily average around 50% to 100% per year (aka CAGR - Compound Annual Growth Rate).  

So in that regard if you have an investment timeline of 4-10 years, maybe you want to be conservative in your expectations of what bitcoin's CAGR will be during that future time.. because the past CAGR may not exactly end up playing out, and as I already mentioned there is a bit of an expectation that it is going to come down to some extent as bitcoin's market cap continues to grow.. and we have likely come to agree that the projected CAGR of BTC is likely higher than most other assets even if if you might not be able to achieve 50% to 100% per year on a 4 to 10-year time horizon into the future.  

By the way, I had already asserted several times and in several threads (not sure if I did it here) that when I got into bitcoin, I had hoped for at least a 6% CAGR in the long term - but I did not necessarily expect to get such 6% CAGR in the first few years of my investing into BTC.  These days I use the 208-week moving average to project my BTC value (and the 208-week moving average is only at $18,500 currently), and I project an expectation that the 208-week moving average will move up at least 12% per year, and since the 208-week moving average is a lagging indicator, spot price tends to be higher than it, and the 208-week moving average tends to slope up - as well if BTC spot price starts to come close to the 208-week moving average (such as less than 12% distance) then from that information, I may well be able to project that in the future I might end up getting lower than 12% appreciation of that lagging indicator.

While I was typing this post, I did create a spreadsheet for my own information to attempt to project out DCA investing at $100 per week and with a variety of CAGR scenarios in order to attempt to project out values.. and with an anticipated 12% or to be able to customize such CAGR or amount invested.   The overall structure for the spreadsheet with rows in 6-month increments  for 4 years looked like this:

Start $   StartDate          % gain /time       Time                Price/BTC          #BTC
$0            7/1/21               6.00%                  182.6                $40,000.00             0.00000000

DCA-$100/Wk         DCA/wk>>>>      $100.00

   Date                     $Value         DCA-Add         Price/BTC            #BTC
   12/30/21              $2,756           $2,756           $42,400              0.06500000
   7/1/22                 $5,677           $2,756           $44,944              0.12632075
   12/30/22              $8,774           $2,756           $47,641              0.18417052
   7/1/23                 $12,056           $2,756           $50,499              0.23874578
   12/31/23              $15,536           $2,756           $53,529              0.29023186
   6/30/24               $19,224           $2,756           $56,741              0.33880365
   12/30/24              $23,133           $2,756           $60,145              0.38462608
   6/30/25               $27,277           $2,756           $63,754              0.42785479

This year starting phase initiated the boost for bitcoin prices and then the rally continued for long time and the proof for this is exchange witness huge user demanding bitcoin and then Tesla announced investing 42000 bitcoins worth $1.5 billion approximately and the next phase was coinbase listing and some more factors like corona virus pandemic also hit hard and force people to invest in some kind of good financial asset with high returns and btc seems feasible to them.It was around $68k-$69k range which marked its ATH this year but the analysis for year end was somehow not accurate and we witnessed huge dips and they went to below $29k once and then jumped back to $52k around but then again as you said second dip was there which carried it to $42k again.

But they all are normal in course of bitcoin journey if we have a closer look at its 13 years journey then we don't find it hard to control our sentiments.Suppose there is holder from 2017 crash which was somewhat major crash in bitcoin when they went to $3k from $19800 ATH of 2017 as they fell about 85% of the value but those who have hold it over all these years till now are still at profit so even if they panic sell they already gain profits out of it.But for me I am into long term investment as said before also and will not get hurt with any of the dips because in the end it will rise and profits will be delivered along with the interest of all these years and then this regret feeling will be gone also.

You have presented the nice spreadsheet for all the DCA investment for $100 week and see how you could easily Manage to accumulate more bitcoins each time and at the last we will have more then you always mention

You must have 0.02BTC with you

The DCA investment has helped me a lot and will continue the same for long till i have funds with me to support my habit to survive the future.

I would phrase that slightly differently because we had a high of $64,895 in mid April 2021 before the dip down to $28,600 (that more or less lasted May/June/July and of course using Bitstamp as the reference and a 56% correction), and then our second peak of the ATH of $69k started to push UP in early August and reached its peak on November 10 before we dipped back down to the most recent correction of $41,967 (39%).. The particular numbers or even the exact percentages of the dip are not that material, but there is a bit of materiality to recognize and appreciate that our second peak in November was a bit more than $4k higher than the first peak in April.

As far as DCA and longer term goes, maybe those details do not matter too much except just showing that we could have further UP coming.. and surely, I would consider anyone in their first 4 years of BTC accumulation (especially if they are using relatively modest amounts) to be potentially very early in a longer term play... of course, individuals can do whatever they want in terms of perhaps having longer term intentions but it can be very difficult to NOT be tempted in terms of dipping into your stash along the way.. and so in that regard, there can be many disappointments along the way with people NOT having patience to HOLD for longer terms and really start to experience the greater kinds of compounding of wealth that is more likely to come with longer passage of time (of course, again not guaranteeed, which probably makes some people anxious to lock in their fiat gainz maybe even sooner than they should).



It seems to be good that you are studying some of the history to be able to verify that sometimes the shorter periods can be kind of ambiguous regarding how much profits have been made and they might not even be very high profits, but with the passage of time, there have been a lot of examples of considerable amounts of profits, so even if the magnitude of the numbers do not play out the same, there should surely be a lot of people who are able to profit in very decent ways so long as they have some long term patience and are able to really show it through their actions too..

We also see that buying at the very top of the 2017 price rise at nearly $20k would still have been profitable, but a DCA strategy would likely have been even more profitable, because the BTC price ONLY peaked for a short period of time, and if you kept a $100 per week through that whole UP and DOWN period through the whole year and especially into the whole of 2018, your average cost per BTC would have been well below $10k per BTC... so when the first price rise of late 2020 to early 2021 came, you would have gone pretty quickly from nearly break even levels to 6.5x in profits, and then bounced back down to 3x in profits, which still would not have been a bad place to be.. including right now being about in 5x profits.


I am likely going to add a few more columns to that spreadsheet and submit it again.. I have a couple things that I am trying to do in the coming days.. but I am thinking to resubmit it.

As far as the column that currently shows DCA Added at $2,756, the value contained therein takes the amount per week ($100) * 26 and then multiplies by the amount of interest for the six month period (*1.06).  So there is an assumption of both contributing $100 per week and also getting a 6% return on the whole period for those contributions (which might be too bold of a presumption).. I still consider an overall presumption of slightly more than 12% per year CAGR is reasonable.. even though it could take 4-8 years to really see that average out and likely even outperform the projections --- but I still like to have relatively conservative projections - even though they might not seem so conservative in the short-run.. but even with conservative projections, you can still see that it tends to take a while for the amount of value to build up, but if you continue to project it out... the amounts get larger, and larger and larger.   


For sure, each of us has to attempt to be conservative in our BTC accumulation targets, and for sure I like to attempt to be able to relate to some of the difficulties of newbies to just get started in building their portfolios.. and sometimes newbies are way too impatience in terms of wanting to get rich quick.. and getting rich likely is a process that takes a decently long time.. especially if you are not engaging in various gambling techniques that put your principle at risk too frequently and then sooner or later those guys end up with nothing because they are always betting with their principle/capital so they never get anywhere... those have been my observations of a lot of people who never really end up building up their investment portfolios because they cannot stop themselves from gambling with too much of it../.. so for me it seems much more important to have a solid plan rather than relying too much on gambling and luck.

This is a nice investment, I wish such investment will be successful for me. But fiat is my major problem. After investing into bitcoin, I find myself going back to my coins for rescue when I lack fiat in my local bank account

I will try everything possible to save more bitcoins and take my eyes off my coins.

I can say this DCA investment could give you profits if you can hold it for long period but frankly saying that we all have some financial problems including me but maybe i have said earlier also that we need to come out of our comfort zone to some extent and go beyond our limits and save some funds into bitcoin.When I initially started investing in bitcoin there were some problems to me as well fiat related but when i see the worse conditions with fiat and they losing value over time then i am more comfortable with my btc investment.

But here is suggetion to you that if you can't afford to invest in bitcoin through DCA or say don't have funds to invest regularly then do one thing like save some amounts that you don't need for your regular expenses and can invest for some period then surely invest small amounts also and slowly you will see the profits in your pocket.Rest is all your decision.

I was quite skeptical when you first made this thread, it's doubtful that you remember my response, after so many replies. However, I see that you're doing pretty well, still on the plus side, despite the market being bearish right now.

The largest investment though, wasn't the Bitcoin you purchased, it's actually the money you're managing to set aside each month, by cutting on expenses. You're doing a great job managing your finances and investing at the same time.

Keep up the good work.

I would phrase this aspect slightly differently in terms of getting your finances in some kind of order before taking any kind of serious or large investment into bitcoin or any other investment.

Sure, off the top of our heads, many of us already know our budgets such as how much cashflow we have and how many expenses we have, and yes, sometimes there is not a whole hell of a lot of money left after our expenses in order to have for investments.. so sometimes, we may well just have to take from a portion of our budget, like you did OP, in terms of knowing that if you are regularly buying some kinds of junk food, then that money could go into bitcoin instead...

But still we many of us are likely creatures that want to have our temptations filled.. so we hate to be depriving ourselves of pleasures in the event that we have the means (such as some extra money) to be able to give ourselves pleasures - even if spending money on the short-term pleasures might not be good for our long term budget and even if we might be able to get more pleasures by putting that money into bitcoin and deferring the current pleasures for possible grater levels of pleasures at a later date (presuming that the bitcoin continues to grow in value in a decently high rate in comparison to other places that we could store that value - and of course, not guaranteed, merely a theory that seems to have pretty decently good odds of playing out favorably). 

In other words, if you get your funds in order including really projecting out your cashflows and expenses, then you are likely better able to see if you are able to afford putting more into bitcoin, but surely I agree with you aysg76 regarding the everyone has some problems and none of us should be tempted to be spending more on bitcoin than what we might need in the short terms - or even what we might need in the coming several years... so one of the values of investing small amounts is that we should not miss it too much... and we are still able to pay for our expenses and to be able to have some pleasures in life so that we do not feel totally deprived merely because we are investing in bitcoin.

I go through the work is nice, for me but i dont know for others, over to the place you made mention of altcoins, no coin that is not good for trading and mostly the coins that have good project, some people taught that bitcoin and the seniors brother is only coin someone can use for trading but generally any coin that is good and recognize can sell in trading market

Nobody is talking about trading here (or even selling)..

or alt coins (shitcoins)

or comparing bitcoin to shitcoins.

This thread is about ways to accumulate bitcoin and manage a bitcoin accumulation strategy.

There is difference between investing and trading which people need to understand and what I am doing at this time is DCA form of investment strategy which is helping me to accumulate more btc at the same amount.

For making full clarification here is one example of of normal investment vs DCA investment:

Suppose you have $500 with you and want to invest the same in bitcoin then you decided to go all in at one time and then you made investment of $500 in single transaction at say $50k then you would have 0.01BTC with you.

But on the opposite side you decided to invest $500 over three to four times rather than going one time and invested at different prices like in the @OP i have done so could manage to gain more coins at similar $500 investment.

This thread is dedicated to bitcoin investment and if you want to have any altcoin or shitcoin discussion then have it altcoin section because for me btc is the best alternative to safeguard my future against everything and have financial support.

I would characterize the distinction of investing in BTC versus trading a bit differently than how you have done aysg76.

Investing has more to do with both the timeline for how long you expect to hold your BTC and also the lessening of emphasis on selling.... Of course, you have complete discretion over how to think about your investment and to consider whether you would like to change your strategy or mindset about your investment at any time. 

The two concepts of investing and trading might have some overlap in the way you think about them or the way that you practice them, but there are ways to attempt to distinguish them in terms of investing having less emphasis on selling and more emphasis on holding for a longer timeline as compared to trading having more emphasis on selling (from time to time) and not necessarily holding for any kind of extended period of time.

With your example of having $500, and choosing how to invest it.  Whether you invest right away or you invest over time, investing all at once would be lump sum investing and investing over time could be dollar cost averaging (DCA) or you could also having a combination of DCA, lump sum investing and buying on dips, which would all be forms of investing.

Trading would end up including selling, and sometimes people sell some or all of their BTC while hoping to buy back lower, and that would be trading.. even though there are ways to argue that if they are accumulating BTC profits, then that could be investing if part of their portfolio is set aside.. but some people have difficulties controlling their gambling inclinations so they may end up selling too much too soon and then not buying back before the price goes back up (well, that is if the price dips).

Part of the reason that I ongoingly emphasize buying and holding and deemphasize selling is because ongoingly buying has tended to be a decently good strategy so long as there is holding of whatever is bought for 4-10 years  or more.. and there is no real reason to conclude that ongoingly buying bitcoin and accumulating of bitcoin is not going to continue to be a decently good ongoing strategy.  Of course, each of us has our own abilities to conclude that we want to sell some or all of our bitcoin position, and from my point of view there is some needs to be careful in terms of managing your own budget and cashflow in order that you do not end up NOT having sufficient amount of cashflow and/or emergency funds.. and also so that you are not tempted to dig into any or all of your bitcoin at a time that is other than your own choosing, but if you try to plan for the long term, such as 4-10 years out or maybe even set some targets regarding reaching fuck you status before starting to cash out... and of course, each of these assessments are individual in nature, and if you accumulate a decent amount of bitcoin, you will likely increase (rather than lessen) the number of options that you have... also the greater that you are in profits - maybe over one or two cycles, you will also start to feel that you have more options - but also hopefully, if you do start to trade or get tempted by other kinds of strategies, then hopefully you recognize and appreciate risks and do not play around with too much of your overall BTC stash.. perhaps less than 10%, but that is also up to each person to assess how to manage his/her BTC portfolio as it becomes larger and large (and presumably it will with time, even though there are no guarantees with that, either).

Finally I have managed to complete my regular Eight months of Bitcoin DCA investment and was happy and sad at the same time.The happy moments were managed to accumulate more sats at these discounted prices and sad because they are continuously dipping afterwards and now they are at around $33k which is negative sign for holders

But see with my this DCA strategy i have accumulated 0.05BTC with my investments which was not possible for me with one time investment only and see this is power of DCA if you asked.Have secured my future with these investments and plan to carry it for long until i am having funds with me to support it.

Happy bitcoin holders and get yours at some discount prices which you might not get later on.

I see your update in OP.

Very nice 7th and 8th month.. averaging more more than $100 per week for each of those two months.. 

That's great.

And it would be a good thing if you are able to maintain that level of ongoing investment for the coming 4 years (or at least 3 years and 4 months), and yeah of course, if you are not getting close to fuck you status, you are likely advantaged by a certain period in which the BTC prices stay down... even for a decent period time.  And sure, you can reconsider your approach at various points along the way too if you want to change anything but at least $100 per week seems to be a very reasonable amount...

I do have my doubts about your ability to keep going for 4 years or even 8-10 years, but hey, you never know, we might be surprised, but it looks to me that even something like 0.1BTC may well be in the entry level fuck you status in 11 years.. and you are more than half way there in ONLY 8 months...  Look at this (https://bitcointalk.org/index.php?topic=5376945.msg58719591#msg58719591).

Of course, my December 23 post in this thread (https://bitcointalk.org/index.php?topic=5349270.msg58802751#msg58802751) showed that it is quite possible that with something like $100 per month (or even making up for some of your past lower levels of DCA amount) you may well be able to get to 0.428 BTC by the middle of 2025... and gosh that would get you to fuck you status earlier, too - just to project out. .getting to something like 0.8 BTC might well put you at fuck you status in early to mid 2030... and it seems like it could be possible to do that with $100 per week-ish.. even though you feel bad about lower BTC prices, you are able to accumulate more BTC to help getting to some higher possible target levels of BTC accumulation.. which would also cause less pressures in terms of how much the fiat price might need to be for you to feel that you are getting into fuck you status.. as surely some of those measures will also change with the passage of time, too... and needs to continue to reassess along the way and stay more focused on the longer-term... which surely would not be bad for you or anyone else if you are able to get to some kind of close level of fuck you status in 10 years or so (and persistent and aggressive action, even during these dip periods) likely helps to get there faster.. so long as you continue to stay persistent and relatively aggressive - without going over board.. if you over-extend yourself, then you become more likely to panic, too.

Yeah these two months have been great for me as i finally managed to cross $100/week for bitcoin investment in them and that was really big thing for me.As you said i am compiling all the months update in the @OP only for full fledged comparison and nice representation for other members as well.

The $100 per week was too big when i first started to invest through this eight months ago as was thinking that small amounts would be sufficient enough like $30-$40 per week but then as promised to keep the amounts growing per week i thought of going it that way only if some problem arises also.But to my astonishment not much of problems were there in $100 accumulation phase and now i am happy for it meanwhile and now it's all good.

At this accumulation phase I have pledged to go for long and manage funds by hook or crook to safeguard myself from the future inflation and yes i might surprise you with my long term investment strategy on which you have some doubts but can't predict the future correctly as only assumptions could be made.But will still try my best to keep this going for long period.

You have said about 0.1 btc is sufficient to gain some good status and i am worth more than that but to correct you i am currently at 0.05 btc accumulation with my investment over these eight months but will surely reach that level soon of which I am guaranteed about because not too long period gap is there.

Was sad about btc going down the other way but that's true was happy as I was able to gain more sats at low prices because you see after a long time we have seen them below $35k and after some years it will never be the same.Like can we have the opportunity to invest at $100 or so in btc now? The answer is simple NO so just get as much you can because after 2 years only we might not see this ever.

Due to some reasons was not able to update the thread with this month investment but have never thought of abandoning the thread as have promised to update it as long as i can along with my DCA investment journey.

Will prepare the chart soon and will send the progress report to all members here soon and boost some morale of the members that Bitcoin investment can be life changing for them and it's must for us to invest in it.Maybe tomorrow only the thread will be updated with the previous month investment and this time it was same.

I just looked at OP, and it is a little confusing regarding either when it was last updated and also which months correspond to each of you depicted months.  It may be good to clarify those points...

I also cannot understand if OP has updated his journey or not, is the 8th month considered to be February? It's mentioned that he did not have enough time to update the starting post, but it's not clear when it was lastly updated. Kind of confusing, @aysg76 I'd suggest to use dates, at least mention month and year on each month that passes by (02/2022, 03/2022). Hadn't read an update for quite long and not sure where you left off, it's a shame that for such a petty mistake, makes it hard to comprehend how time progresses throughout your Bitcoin journey. It's an interesting approach, just make sure you mention which month is which in the starting post to make it more clear.

You have not read the OP.

He says he is buying for the long term, and there is no reason to believe that he is selling or planning to sell, except your reading into the situation....

Of course, one of the difficulties in any long term investment, including BTC would be the first several years that your holdings are small and they might NOT be in profits or there is a bit of uncertainty about long term ability to make profits. 

With BTC, there has been a lot of pay-off for folks who kept investing and who have held for 4 years or longer.. and for sure, the longer that folks have been able to hold (and maybe even keeping on investing during that time), the more likely their investment into BTC has been paying off for them.

Your implication that it is not easy to buy and hold for the long term is surely correct, especially with an asset like bitcoin that has historically been quite volatile and has tended to scare the shit out of people, even some people who had already been investing into it for a long time, but likely more scary (relatively speaking) for the newer entrants into it.

It's really not bragging, in the face of a powerful test, without exception, they all succumb to power. Only Bitcoin, withstood the test.

My question to OP will be to find out if the total cash spent on accumulation of the bitcoin is not less than what he would have gotten if he had kept all the cash in stable coin and bought when bitcoin price crashed? Am thinking sometimes the purchase at intervals does not pay off, maybe op will disagree to this.

If you have already come to a decision (conclusion) that bitcoin is a good long term investment, then one of the best practices is to figure out some kind of way to buy in regularly, rather than waiting for dips that might cause you to frequently be waiting for dips without pushing the buy button and therefore not being prepared for UP when the time comes... frequently unexpectedly.

Of course, you can develop a strategy that combines regular buying (dollar cost averaging/DCA), lump sum investing and buying on dips.. but I will wager that you are going to fuck yourself out of a lot of psychological stake in the game by failing/refusing to regularly invest into bitcoin.. and furthermore your failure/refusal to put psychological stake in the game also results in your being inadequately prepared for UP when it comes and also contributes to your failing/refusing to actively pursue research into bitcoin in order that you can learn that it happens to likely be the best investment that you are likely to come across.. including its asymmetric UPpity nature and the ability for the poorest of the world to get involved into buying bitcoin - even though historically poor people have been locked out/excluded from a lot of investment types.  

So, yeah, you can choose to overthink the matter and attempt to nickle and dime your timing into getting into bitcoin, and I would wager that you are likely way the fuck better off to get started investing into bitcoin as soon as possible and figure out some kind of a budget and plan that is reasonable/prudent for yourself.. while considering your investment into bitcoin to be a long timeline of at least 4-10 years rather than considering how much or whether you might be profitable in such investment in shorter timeframes...

And by the way.. don't be screwing around, diluting your bitcoin investment or getting distracted into any of the so many shitcoins.  In that regard, stick with investing into bitcoin first, and maybe after you have been investing into bitcoin for a few years and studied what makes bitcoin different from other investments, including shitcoins, then you might consider exploring whether you might still want to research and invest into some other non-bitcoin project or coin.

The thread has been updated with my 9^th month of Bitcoin DCA journey and apologies for being late this time as have told you all previously that was busy somewhere else but have now taken out time to update the thread.

This time I went on different approach and invested $100 each week without expanding the incremented amount because there were some fund issue on my side but still decided to cope up and not hinder my investment journey which i have started so somehow managed funds.See we need to go some miles extra if we want to reach our destination and mine is still far away so going back is not a option now and getting profits also.

Will answer the above questions soon .

I guess that one sign that you are being sufficiently aggressive is that you are having to struggle in order to continue to carry out the regular buying.

Of course, you do not want to end up in a situation in which you have over done it.. so you gotta make sure that you are otherwise managing your money and keeping sufficient funds for emergencies so you do not have to dip into your bitcoin until it reaches a decently high and profitable status..   That would be the better case scenario... so ultimately I am glad that you were able to reach $100 per week investment/buying levels.... and of course, only you know your personal circumstances and how much sacrifice that you are having to make in order to continue to dedicate your $100 per week to buying bitcoin..   Congratulations.

I must say that you are well disciplined to be able to do this for straight 8 months into doing dollar cost average, I hope you are still eating enough, I don't joke about food, you need to be fit in other to survive the two jobs without harming the inner system.;)

The current price of Bitcoin at $40,888, $2800 will give you roughly 0.06848 which is slightly bigger than the current amount of BTC you were able to accumulate, wouldn't it be better to stack the $$ and buy bitcoin during the dip times. From July 14 of last year till now, bitcoin has dipped multiple times. You would have been able to get more of Bitcoin instead of weekly buy that will end up at high prices.

How is anyone going to know dips before they happen?  It seems to me that a lot of people who buy on a weekly basis will attempt to time their buys within each week, and if you attempt to move those buys out and spread them out during a month or something like that, aren't you going to run an equal risk of failing to adequately prepare for UP in case a dip does not happen?  

It's all fine and dandy to say that you "should have bought on the dip" but the vast majority of normal people really do not know these things in advance with any kind of reasonableness...beyond gambling.

Do you know the BTC price in advance?  What's your level of confidence?  what if you are wrong and the BTC price doubles rather than halves as you expect?

Actually i am not agressively making strategic DCA investments but with my concent and having fund management in advance.The struggle to invest in bitcoin is real but it's fun at the same way knowing how much secure my future would be with these investments today.We all need to take some risk and return associated with them will be delivered with time and for bitcoin I am pretty much sure the revival and growth opportunities are enormous as more countries are accepting it and each company wants it on balance sheet so just imagine the returns for that later on.

Speaking of funds I was having sufficient funds to carry on with my regular investment like in the past but the funds emergency arised was of known one and he needs money and I couldn't say him No so there was certain imbalance on my part of DCA investment so was having some funds left around $350 to invest for the month so decided to give it extra shoot of $50 and go on with $100 weekly so that this journey is not disturbed at all.Till now the money inflow is fine from job and all expenses are also sorted out and also have some funds stored in case of need so that set aside for bitcoin is only for it.

My food habits are also good and it's not like that i have left the junk for life and whenever i feel some cravings say once or twice a month i eat them at restaurant or order online so it's also good.Meanwhile having some healthy diet is also good for me and now I am used to it.Till the time i have funds it can go on the similar way.

We might be quibbling about definitions in terms of what is sufficiently aggressive, here?

I would say that having a budget in which you are having to stretch your funds to make sure that you buy enough bitcoin every week while having some hesitations regarding if you have enough money including that you have your emergency fund and other expenses covered would be sufficiently aggressive.

If you are engaging in gambling and leveraging and taking from your expenses to hope that you have enough money 3 months down the road because you put a lot of it in bitcoin and you are worried about the bitcoin price going out so you can use that money to pay for your expenses, then I would say that is overly aggressive.

I suppose on the other hand, if you are holding onto a lot of extra cash and waiting for a dip, and each week you have several hundred extra coming in that you could invest into bitcoin, but you are ONLY investing $100 into bitcoin, then maybe you are too whimpy in your bitcoin investment..   

Actually, there is a bit of a sliding scale here because I would not consider some kind of formula that is 1/2 or even 2/3 of the extra cash to be saved for buying on the dip to be overly whimpy.. but surely 2/3 would be getting on the borderline, at least for me, for considering that to be overly whimpy... so for example, you might have a certain budget for buying on dips, and maybe you have already allocated some of that money for buying on dips, but the recent BTC price action causes you to conclude that maybe you do not have enough for buying on dips.. so therefore, you allocate more for buying on dips as that money comes in.. so then the question becomes in the event that your BTC stash is not even close to fuck you status and is pretty damned small, then how much of that incoming cashflow are you actually spending every single week (right away in other words) to buy BTC... so if you are spending a lot of your incoming cashflow, then seems to me to be sufficiently aggressive, but if you are holding back a decent amount of your cashflow then you might be neither sufficiently aggressive and bordering upon whimpy status... hahahaahaha 



You likely do not need to convince me or too many other regular bitcoiners about the bullish case for bitcoin, and for sure, part of the reason to be aggressive with your regular BTC buys and even to be "sufficiently aggressive" is to attempt to better prepare yourself for those bullish case scenarios playing out and the risk that if you are less aggressive or even whimpy in your preparations, you will likely be kicking yourself when the bullish cases for bitcoin end up playing out.. and for sure, I am not even suggesting that the bullish case for bitcoin scenario is guaranteed.. but there is an angle to being sufficiently aggressive that allows the consideration that ongoing investing in bitcoin remains an asymmetric bet to the upside, and sufficiently aggressive investors are likely to feel much better in the years to come than those who had decided (or ended up) playing out whimpily or overly whimpy in their BTC investment/accumulation approach.



From your description, I would categorize your situation as sufficiently aggressive... when you are somewhat struggling to continue to maintain at least $100 per week, then those struggles are real...

Actually, you likely recall that I have been telling people about bitcoin in real life for years and years.. and I have a relative who has a pretty decent budget, and she is buying less than $100 per week, even though she could likely be quite a bit more aggressive based on her own finances and based on what bitcoin represents.. but she chooses to be less aggressive... and for sure there is some choice involved and for sure, it is better that she is investing something rather than nothing.. but for sure, she does not seem to really understand the bullish case for bitcoin very well.. ... and there are quite a few others like that who are just making token investments into bitcoin, and sometimes I wonder if some of those folks might be selling at a loss during times like this... I have not checked in with my relative since late November, so I am not really sure if she continued her previous regular DCA .. even through December, January and February... Sometimes I am afraid to check in because I am afraid of what she might tell me and it has to do with her seeming ongoing whimpiness.. but she did start around the same time as you.. probably around $50 per week or something like that.  Maybe you could have a little friendly competition with her?  hahahahahaha... see who does better?


For sure, your starting premise in OP has to do with cutting some of your expenses, and the fact that some of the expenses that you were cutting were likely NOT good for your health created another double benefit... but many of us know that there are likely a lot of ways that we can shave some of our expenses in order to be able to start some kind of investment into something else.. and surely, if we do not really have extra cash.. then it is likely that we have to make some kind of conscious effort to consider what we are able to cut in order to add our new investment into our regular weekly/monthly budget.

When I was quite young and first living on my own (moved out from my parents), I already figured that I needed to put 10% of my income aside and to save and invest with that 10%.. and so I started that kind of a practice quite early in life.. but I was not always successful in the ways that I ended up investing it.. and I felt like I was a bit of a ignorant person for my choices.. but for sure, there were not so many options that were available for relatively small investors..

and for sure, I can see why some currently young investors get attracted into shitcoins because they are options that are available that compete for attention that might otherwise go to bitcoin.. and so by the time that I got into bitcoin in late 2013, I had already established a pretty decent investment portfolio that I could just figure out a strategy to allocate into bitcoin, so I did not do the same kind of beginner levels of removing expenses.. because I had already been doing that for more than 25 years by the time that I got into bitcoin... but the removal and adjustment of expenses is a practice that any of us can do, especially if we might not want to change our investment practices in some other areas, and if we are wanting to add bitcoin to our investment portfolio..

 I understand that a lot of people (both young and old but probably particularly young folks) do not hardly have any other investments besides bitcoin and cash, so there only investments might be deciding whether to hold bitcoin or to hold cash.. but if they build the size of their overall savings, then they might want to try to have other assets too, such as property and equities but I have no problem if people first want to build their portfolio based on ONLY bitcoin and cash before diversifying into any other investments, and then once their bitcoin portfolio starts to get bigger, then they might want to consider other investments (not necessarily shitcoins) based on their own circumstances and comforts.

I cleared understand what you are saying but the thing is I have started my bitcoin journey with full confidence and was aware that at some point there could be financial issues because you know sometimes the funds inflow and outflow doesn't have balance in certain cases like the one i have mentioned above so there are two options with the investors at that time :

1) Give up the DCA method to invest and maintain the equilibrium of fiat to maintain the expenses so that it goes smooth and invest afterwards when you have funds.

2) Have some risk reward structure in your mind and think about how can you manage the situations so your future could be secured as Bitcoin is the best option that can safeguard you from inflation and many other things instead of any other shitcoin lying dead in your wallet after few years.

So i decided to invest $100 weekly and that was also good but yes you can say that is regarded as aggressive investment strategy on which i need to focus so that in the current time i don't have any financial to cover my routine expenses as they are also important.But i am thinking on to change my DCA to fix amounts weekly rather than increasing it each week but after each month so that my investment goes on fine.But will see to it how that goes afterwards as have invested this weeks funds into bitcoin already and I am happy with this going on.

Sure.. several times it may seem that either I am responding to some of your personal specifics, but also I am responding to ideas within a public thread that I feel to be in need of clarifying, and for sure many of us are going to both have differing opinions and also differing ways of expressing ourselves in regard to the topic.

For sure, you could argue that frequently I am taking this topic way beyond your original intentions, because you could force a kind of narrow interpretation of the topic, and assert if responses are not within those narrowly tailored parameters, then they are off topic, too... also another way would be to create a self-moderated thread and to delete any responses that go beyond the parameters that you had described in OP.


You know that there can be variations on this, too.  If you have gotten  up to $100 per week, but then your realize that $100 per week is beyond your budgeting capabilities, you could cut back to $50 per week, or $100 per month or $100 per quarter or whatever variation of cutting back that you deem to be appropriate rather than going all the way back to zero.

A lot of times, people get into all or nothing kinds of thinking and frequently they may need to either learn how to approach the topics in more incremental ways.. so yeah.. it could end up being a common error that some folks react too strongly to some situation and then end up screwing themselves because they may have approached their investment too much in "all or nothing" thinking kinds of ways.



That seems to be a kind of all or nothing kind of thinking.  People are going to end up making choices regarding how much they are going to allocate towards bitcoin, versus other possible investment including whether or not they will invest in any shitcoins.   And, surely there seems to be little reason to invest in shitcoins in the long term, especially if you have identified bitcoin as the leader in the sector, but there could still be some short term gambling  in those various shitcoins that might make sense for some people.. and even if you consider yourself to have developed a bitcoin maximalist perspective, you still might want to hold various kinds of assets beside bitcoin and dollars (or whatever happens to be your local fiat).



Some people come into bitcoin quite whimpily, so sure $100 could be considered sufficiently aggressive, especially if you may be in a position in which it is not very easy for you to ensure that you are actually going to have $100 per week.  And, of course there are some people in which $100 per week would be considered a kind of pocket change level.


Sometimes it is important to figure out whether increasing or decreasing your level might be good for your own circumstances, and of course, no one should be feeling like s/he does not have enough emergency funds and end up dipping into bitcoin at a time that is anything other than your own choosing, so in that regard, sometimes we are going to be able to determine ahead of time if we might be stretching our budget too much.. and sometimes some people do not realize that they are overly investing because they have not sufficiently buttressed the remainder of their budget - which means that they may well be taking too many chances if they do not have a sufficient amount of cash reserves on hand for various emergencies or just for various changes in the cashflow that can happen from time to time.. and sometimes unexpectedly.

If I speak seriously then i was not even sure whether I would go this long as first thing was in my mind was to invest some amount for few months only before even writing up this thread like two to three months.But then one day while I was calculating my expenditure I noticed that junk food was into too much consumption and weight was also increasing so i decided to leave it and save the money.The things begin shortly after it and some gaming stuff was lying idle in my house as don't get time to play all this.This then came into my mind to invest the funds into bitcoin through DCA method.

But was not sure that i could go after six months but have planned to go till the time i can and followed the $10 incremental approach each week starting from low and then keep on going with it.The fund flow was stable through job and some freelance work (Keep in mind who reads this that investing requires continuous fund flows) so not a big problem for me and the investment journey begins.After each investment I was happy enough that my funds are being invested at the right place.So now it has been nine months of regular investment which is very good for me and will continue this for more.

You are right on the part that for some people investing $100 is sufficient enough to accumulate more bitcoin in the long run while for others it's hard to take out such big amounts.There are many people in third world country who can't even afford two meals a day so i understand it clearly.There are some times where we need to make changes to our strategies so as our current needs also are not compromised.The decisions must be made very carefully.

So as you said you can decide to invest some particular amounts each month or quarter so I am giving focus on this one to decide how to plan my this month journey as according to me the most important part is investment and amounts could be low also which will give good returns in the long run to the holders.Thanks for the advice and will surely give it a try after studying the expenditure and savings to compare it with investment plans.

Having bitcoin related discussions in both manners like how could it be improved or what are the things going correctly in respect to the public thread is good according to me as many people apart from both of us could present their ideas and involve in discussion while learning how useful DCA method could be,the problems they can also face and how to handle them carefully.So this thread was also created with the intention of motivating and helping new investors.

Much of the reason that I emphasize 4-10 years or more for an investment and strategy into bitcoin is because I recognize that is one of the most difficult aspects that new investors have so much troubles really to put into their head and also to actually follow in practice.

Yeah, lots of newbie investors will put lip service to the idea, but when push comes to shove, they both have difficulties setting up their systems to really account for that way of investing and they have difficulties actually following the practice even when they might have set their own systems up to actually have success in such.

I have gone through similar levels of mistakes where I have both inadequately planned and also prematurely drawn upon some of my earliest investments (some of those were before bitcoin).

Also, when I first got into bitcoin in late 2013, I was not really sure if bitcoin had a strong enough investment justification to lock oneself in for 4-10 years or more, but I do believe that bitcoin currently has a strong enough investment justification for such timeline of 4-10 years or more... oh actually in late 2013, my idea in getting in was a minimum of 1 year (in order to take advantage of long term versus short term capital gains) but I was thinking more on the lines of at least 2 years - however, as I ended up getting up to 2 years invested into bitcoin (late 2015-ish), my BTC holdings were still NOT in profits, but the strength of my conviction regarding the future direction of bitcoin was getting stronger by then, so I really had already stopped even considering getting completely out of BTC at any time, but instead I had started to lean towards developing plans in which bitcoin would always be a part of my total package of investments, but it would just be up to me to decide and continue to figure out how I wanted to reallocate (or cash out some from time to time) in order to attempt to balance my various kinds of holdings and even to tweak along the way to the extent that my opinion might change along the way.. including the consideration of my various other personal circumstances that would include my cash flow, my other investments, my view of bitcoin as compared with other investments, my timeline, my risk tolerance and my time, skills and abilities to tweak from time to time that would include considering various strategies and investment tools to the extent that I considered that they might be helpful to me.


Sure, it is better to go with what is sustainable to you.... And, for some people several thousand dollars is a lot of money to build up, save and potentially earn.

Other folks want to get to fuck you status, and very difficult to get to fuck you status unless you are a bit more aggressive, but if you have a 20-30 year investment timeline, then even small amounts might end up leading to fuck you status.. even with starting now and even with something like $10 per week... though these days I do believe $100 per week is better - even though I continue to acknowledge that there are some people with budgets that do not allow for that much set aside.. so  doing what you can.. without suffering in other parts of your life remains important... it would not be good to have ONLY your investment in bitcoin because then you are frequently going to be tempted to tap into it in order to otherwise make your current living situation better.. if you are not building other aspects of your life at the same time.


I agree that it is much more challenging to invest on a regular basis if your cashflow is not exactly regular... You could still decide to invest a certain amount (such as $10 per week) no matter what.. and then adjust as needed.. and that might just mean that you hold some value in fiat that you have that is available to invest into bitcoin on a weekly basis no matter what.

I have had times in my life in which my cashflow was sporadic and irregular too.. it can be similar with expenses as well or if you have people in your family that you are supporting with sometimes seemingly erratic needs... so the more complicated your finances, then the more needs that you might have to have a larger cash cushion and also project out your cashflow for longer periods of time to make sure that you have your expenses covered out into the future, and even projecting worser case scenarios.. just in case and to make sure that you are going to be able to have things covered even if some of the worser case scenarios play out.. and the longer that you are investing and building various aspects of your finances, the more you should be able to live without as many financial and psychological pressures.. and that is part of the reason for investing and building your finances in order that you have more options, and you likely can live in more comfort both financially and psychologically.  

Sure, there can be some luck involved too.. but if you prepare badly, there will be more likelihoods that you will get yourself into trouble at various points.. but if you prepare well, then you have better chances, even though nothing is guaranteed.. just sometimes helping to put yourself in better chances of being able to profit from good luck that might come along the way with your having some levels of ongoing preparations.


For sure, if you build it as one of your habits, then the habit can become stronger.. including that you might feel that you can adjust the amount up or down a bit that are comfortable for your whole situation.


In those situations in which people are barely able to live, it is more difficult to suggest that they save part of their cashflow into bitcoin.. .. .but sometimes, even very impoverished people do have practices of trying to save some money into an emergency fund.. but if they need to dip into their emergency fund every 1-2 years, then bitcoin might not be good for them.. because they are not even able to consider a 4-year investment time horizon... so there is a bit of case by case in terms of if there might be a fund that anyone who is very poor might be able to establish that allows them to continue to live and not to dip into their savings (bitcoin) for something like 4 years or more.  Each person has to attempt to figure that out, and surely sometimes people are willing to consult, but also sometimes people figure out their own systems that might or might not work out very well for them... yet knowing that bitcoin is an option is likely going to continue to become part of the awareness of even really poor people.. Oh and the internet connection or having a smart phone can be an issue too for some folks who may not have access to those kinds of things (even though access to those somewhat basic kinds of current technologies is becoming more and more widespread - even into the most seemingly out of touch places around the world)


I agree.. It is not easy.. and especially not really easy to know the longer term ramifications, sometimes.

There are likely people in bitcoin who end up taking short term cash outs from their bitcoin, but then they would have been way better off to just leave their bitcoin alone and to figure out their expenses from other sources.. so sometimes, you might start to consider that you have put enough into bitcoin, but then another question might be whether you just leave it or if you try some other fancy tactics of trying to sell some and then buy lower.. but then your opportunity to buy lower ends up not coming.. so that's another error that some people end up making within their bitcoin investment journey....


Yes.. you have to decide for yourself, if you believe that the amount that you have already invested in sufficiently aggressive, or if you should continue to be aggressive, or you are in a position in which you can lower your level of aggressiveness...

And, sometimes if you are younger, you might be considering that you want to be able to cash some out along the way, and your investment timeline is really not 4-10 years or more, but instead, if there is a 3x or 5x run up in the BTC price from here, then you want to cash some out.. and that is for you to decide if that is how you want to deal with the matter.

Oh, by the way, if you have a pretty decently strong conviction in the long term potential of bitcoin, then you should not even be thinking at all about including selling into your strategies as a means to increase your BTC stash.. unless, you have come to a level of BTC accumulation that you can see is quite a bit overallocated.. so you can create charts to show an amount of BTC that you can shave off along the way at various price points... So if you ONLY have a total of $20k in all of your investments, and your allocation target for bitcoin is 25% then you could go up to $5k without really being overly allocated into BTC... but if your BTC value went up 3x to 4x but your other investments remained somewhat flat, then all of a sudden, you might have $35k in your total investments, but $20k (57%) of that value is in bitcoin so then you are faced with a decision about whether you should reallocate or not or if you might feel more freedom to sell (shave off) a bit of your BTC at higher BTC points in order to attempt to keep better balance in your overall investment portfolio (BTC as compared to some other assets that you might hold).


For sure, members will have differing opinions, and for sure, I appreciate hearing some of the differing opinions too... yet we likely realize that so many people have trouble considering bitcoin as a long term investment and to really follow something like you are doing.. but yeah.. I think that your thread has been very helpful to reinforcing some of the ideas of how anyone might get started in attempting a regular plan.. and even some of the difficulties that even you have to keep it going.. because for sure people are way more excited about your plan when your holdings are in profits, but if your holdings are either negative or flat, there seems to be a wee bit less excitement, even though those remain good times to keep building your BTC holdings (at least from my perspective of the way to attempt to continue to deal with BTC as a potentially longer term investment).

When i started investing the amounts into bitcoin the first phase was for six months period and it carried on as i have said previously also but the consistent factor involved was not to swing away with the price dips as there are many days which will be red for market and some green so if there is swing in the momentum of investments then it's bad for DCA journey and we could break up in between.So it was sure for me that I am just investing for long term without selling any coins.This was achieved with some extra savings poured into bitcoin and having some fiat also with me to use in emergency case.

The 10+ years investment is too long but if we keep our goals high and set long term Target we could also achieve it as we have seen people who were investing through DCA method with even low amounts have earned so many good returns over it but the condition was they were holding their coins.But you are right on the part that if we can go through these long term capital growth investments like even 5 years then you would be having fuck status level in comparison to others who are still sinking in their fiat inflation boat.The main point of investment is right but the level of investment will decide the time period to change your status.

As i have already invested good amount of money into bitcoin spreading across nine months period and there are people who can't have daily life necessities sorted out so it's hard for them to invest the money into bitcoin.It can help them to improve their future perspective but still they need investment or work through which they can earn it.So we can say that if they can manage to invest in it the amounts would be considerably low that fees would also be charged and they can sell out any time.Bitcoin can solve problems but can't end these issues.

Speaking about newbie investors then yes they need to setup their proper system if they want to invest in bitcoin because a little dips affect them hard as we have seen in most cases which then results to panic sell.They need to have atleast 2-3 years time period in their mind then only they can get some returns otherwise this method is not suitable for them.If you come into bitcoin investment it's easy as well hard when it comes to holding long term and investing regular amounts through DCA.So make sure about it.

The amounts could be reduced as per we find suitable and carry on the journey and planning to find the fixed budget once i get time to work upon it and then go on with investing those amounts weekly.

I also find it interesting to hear about different opinions about bitcoin through our community and share ideas with them.This thread is not solely restricted to me and anyone who has doubts or want to copy this can do it but keep in mind that cash flow is necessary and amount should be taken into care like what you can invest without the fear of losing.

There is nothing wrong with attempting to buy dips within your budget.. so you can maintain both a DCA and a buying on dips at the same time.

You are much stronger off if you are able to plan out your budget in advance.... Even 6 months in advance...

I am going to outline an example that could work for anyone, including if you are a newbie or if you already taken some stake in bitcoin.  In this example (I know that this is not exactly your situation aysg76, but I am using it for illustrative purposes), you know that you have at least $4k that you are going to be able to invest into bitcoin in the next 6 months, and that $4k comes from a combination of an amount that you have saved, which is about $1k, and a conservative estimate of your cashflow that you have coming in, and you have high levels of confidence that $500 per month (or $3k for the whole period) will be able to be set aside for BTC.  So the three categories that you have is lump sum investing, DCA and buying on dips.  You surely could set aside $100 of that per week (which adds up to $2,600) that is going to be DCAed into bitcoin no matter what, and with that DCA you could attempt to strategize at what time of the week to buy to attempt to buy mostly on the dip for that week, but also to know that you are not carrying over any of the amount so by a certain day in the week that you have already determined, you are using that $100 that you have allocated for that week to buy BTC with it no matter what the price.  

Ok.... so if you know that you have about $1,400 that is NOT part of your regular DCA, then you can attempt to set some of that aside for lump sum and/or buying on dip.  Furthermore, if you have already established your budget pretty solidly for the next 6 months (and of course that is a rolling time period that you continue to establish as the time passes so you are always minimally prepared for the next 6 months from any date in which you are at), then you would know that any extra cashflow that comes in, then you can plug that into your already existing system in ways that are totally of your own choosing.. to plug the additional amounts into DCA, buying on dips or lump sums.  

Some people know that a few times a year they do end up getting additional cash flow, but they are not always sure in advance when those extra cashflows will be coming in and maybe they do not even know the exact amounts of the extra cashflows, and historically, I have always dealt with those situations by not spending any of that money until either it hits my bank account or that I know for sure it is coming and even when knowing for sure it is coming, sometimes there is a need to be careful to not spend it until it is actually in your possession... just to be safe from things that can happen.  Things happen, as they say.


Let's say that we are referring to something like starting from nothing (just the basics), graduating from highschool or whatever, and entering into the working world or college or some combination.  It can take several years, just to get your cashflow coming in.. but let's say we are starting with a cashflow coming in, and if we are considering getting to some kind of entry-level fuck you status (just meaning that you can quit your job and live off of your investment without doing much work beyond just managing your investment), then 10 years does not seem very long to me at all.   You can look around and find all kinds of people who are working into their 60s and 70s and really not living well, and maybe you see young people living it up and proclaiming that they are going to be rich in less than 10 years.. but those young people get older, and then they realize that they have not made as much progress on their getting to entry-level fuck you status as they thought that they were going to achieve..

I personally do not believe 10 years as a minimum is a long time, especially when we can witness so many people full of talk but not actually making it anywhere close to fuck you status.. and sure, maybe you might proclaim that you do not want to make it to fuck you status.. I am not sure.. so that is up to you.  I am largely using the idea of making it to entry level fuck you status as a kind of goal that causes a lot of freedoms to both be able to get to that point and then to be able to have options not to work because you have made it to that point.  

Largely the fantasy people are talking about getting to entry level fuck you status in 10 years or less, and to me it seems that bitcoin has provided possibilities to get there more rapidly than other methods and even perhaps cutting down the time in half or more than cutting the time in half.



I think that no matter what there are not guarantees.. so each of us just need to attempt to be as prudent and reasonable as we can, and surely there can be some levels of aggression (and assertiveness) in there too... As long as we are not gambling very much of our principle, and if we are still building up our principle, then it seems to me that including bitcoin within your various allocated assets (investments)  puts you in a better position than if you did not have bitcoin as an option and you cannot figure out which of the fiat related places to put your investment. .including some of the potential problems that come with property, equities and precious metals... including some of their artificial inflation from fiat (as you mentioned).

By the way, we already mentioned several times, that it may well not even take too much aggression/assertiveness in order to still advantage yourself tremendously by both investing in bitcoin and continuing to put money into bitcoin.. and sure, I am not sure about just putting in a lump sum and sitting on it, but surely, each person can measure those kinds of matters in light of his own finances, too.... so in that regard, if you had already put $5k to $8k per year into bitcoin for several years, then after several years, you might decide to either stop putting more into bitcoin or maybe only to buy on dips.. or whatever you believe is reasonable.. because if you end up having income in which you are barely living well, but your bitcoin had become worth $100k or $500k or even more after several years, you might feel that your continued investing into bitcoin is not as important as your being able to enjoy the income that you have coming in and to just let your bitcoin ride.. and hopefully being able to have enough will power to be able to resist tapping into the bitcoin very much.. even though maybe you might even feel like tapping into a few thousand of your bitcoin value here and there along the way, which probably there is nothing wrong with that approach, either...so long as you attempt to figure out maximum amounts that you can tap into it and maybe even attempting to time your tapping into your stash when the BTC price is going up (hopefully the BTC price is going up a lot when you tap into it rather than tapping into your BTC when the BTC price is going down).



Many of us have seen that the longer that you are in bitcoin, then the more likely you have put yourself way to the advantage of your peers in terms of how much it costs to accumulate the amount of BTC that you had accumulated.. so sometimes it can be grueling and take a lot of time to build a decent BTC base, but also sometimes you may well end up seeing that you have accumulated several times the amount that any of your peers had accumulated.  

Just consider for example, some folks got into BTC in the 2015 to early 2017 timeframe when the BTC price had moved from $250 to $1,000, and let's say that some of these people spent two years or more accumulating BTC, so maybe over two years, they were able to invest $10k into bitcoin, and their average price per BTC was around $700 (mistakes were made along the way), and so in the end, they accumulated around 14.3 BTC for $10k, and it took them 2 years to build that BTC portfolio.... they are way ahead of their peers in terms of accumulating BTC... and even though 14.3 BTC seems a lot now, there were periods in 2015 in which you could have bought 14 BTC for around $3k..

So sometimes, even if it might cost more to acquire your BTC over time, there seem to be quite decent chances that even if you are able to acquire 0.21BTC or 0.5 BTC over one or 2 years, you are likely going to put yourself in a place in which your peers are not even close to being able to accumulate close to as many BTC as you because of the fact that BTC prices are likely to go up and to make those levels of BTC accumulation to be much more difficult to achieve for normies or people who are already struggling to set aside money to invest in anything (whether BTC or other assets).


You are not going to get any argument from me regarding this point. Not only does a newbie have to get used to the idea of investing into bitcoin, it is likely that the newbie is going to have to put some kind of a system in place and get comfortable with that too.. and surely it can take a while to learn about bitcoin.. even though there are some people who learn really quickly.. take Michael Saylor, for example..  and even though Saylor seems to be an exception, there are people out there who are like him in their ability to really figure it out quickly and then to become aggressive in their investment into BTC quickly... but even with Saylor, you can see that he started researching into BTC in mid-2020 and then started investing soon thereafter, but still it took him more than a year to really continue to increase his stash.... and I am not sure if he feels that he even has enough BTC yet ... hahahahahaha.. he is a bit of an aberration (probably) in the way that he studies and learns quickly, but he has been quite aggressive in regards to both his bitcoin investing and his teaching of bitcoin to others, too..


Yep. individually tailoring budgets and situations is helpful..


Agreed.

I've listened to this advice far more often than I've ever done, but I can confirm that planning a budget is the most sensible thing to do before making an investment. Despite all that, maintaining DCA during a bear market like now is much better than having to buy all at once.

Buy on dip is one of the best ways to get more bitcoin at a low price, but DCA is also worth considering given the current sensitivity of the market due to the chaotic world due to war and inflation.

Personally, I believe that DCA is more powerful than buying on dips, because none of us really know what is a dip or not a dip, except for after the fact so many people want to say, " you should have done this or that" and in my opinion trying to strategize around what is a dip and what is not a dip remains a bit of a fools errand in terms of possibly causing too much attempts to calculate matters that are not calculable.

So, yeah as you mentioned, figuring out your budget is one of the most powerful things to figure out how much you can DCA on a regular basis and how much you might want to supplement your strategy with various kinds of buying on dips and/or lump sum investing.  There can be a bit of a fine balance between how much is enough and questions regarding are you being not aggressive enough or too aggressive in the amounts that you are DCA'ing and as aysg76 mentioned whether there might be times in which you might want to tweak your strategy to increase or decrease the amounts/frequencies that you are DCA'ing.

Another personalized aspect is to also figure out what might be your target amount of BTC that you would like to accumulate in terms of your overall investment portfolio.  Do you want BTC to be 1% of the value of your total investment portfolio or do you want it to be 25% or some other amount, and do you want to attempt to maintain those levels, tweak from time to time or possibly to diversify (or reallocated) from time to time too. 

Even though there are likely some matters that are more important than others, including getting some kind of initial stake in bitcoin is likely important, of course, you do not have to establish all of your particulars from the start of your BTC investment, because you may well start to invest in BTC with a DCA amount and then you continue to study BTC along the way and then you tweak your strategies and adjust your goals as you are investing and learning about BTC (and yourself and your own finances) at the same time.

JayJuanGee, I have thought about that advice many times and have applied it on several occasions when I have some capital to invest. So far there has been a good improvement from my portfolio where I would still like to have 50% more bitcoin in the portfolio and will probably only set aside 20%-30% for altcoin.
There is a big hope that I want to achieve with bitcoin in the future, and hopefully it will come true for me. Nothing is impossible with bitcoin, but we really need to have good management for this investment.

If you are already having trouble feeling that you are able to put enough into bitcoin, then investing in altcoins (aka shitcoins) is another topic that does not fit into this same philosophy because the calculations are different.. including the fact that they might not even be necessary at all.. so yeah, you are diluting how much you are able to put in bitcoin by playing around with that shitcoin nonsense.

I just received a couple of merits on this post (thanks EFS), which thereby drew my attention to this chart that I created that presumed buying $100 week of BTC and the BTC price going up on average about 12% per year.. which is surely a bit ambitious of a BTC price trajectory.. but I do not necessarily consider it to be unrealistic, surely on a longer timeline, we might end up getting some gravitation of the price towards that ambitious price trajectory.

Surely we can see from BTC's actual price performance, we have not had any kind of 12% per year, and if we would have had been accumulating BTC at $100 per week until now, we would have invested $11,300, and we would have had stacked about 0.4145 bitcoin (https://dcabtc.com?sd=2021-07-01&sda=custom&f=weekly&d=3_years&ac=10000&c=true), which, in accordance with my chart projections, brings us nearly to the quantity of BTC that would have had been expected to be stacked by mid-2025.. , and there should not be any reason to be unhappy about those kinds of results.. including that at today's BTC prices we would be quite a bit ahead of schedule.. maybe even two years worth of BTC ahead of schedule, and right around break even in regards to the amount that we put into our whole investment into BTC that would have had started July 1, 2021.

I wonder how OP is doing?  Have you been able to keep up your BTC buys?

Whenever forum members abandon these kinds of threads, there should be a bit of a presumption that they had not continued with their earlier plan and they likely fucked some things up, but hey, part of the question might be whether any of us is able to outperform a DCA approach. .in terms of ongoingly and consistently stacking sats without getting blown out of our position and while being able to keep up with enough psychological determination to be able to remain persistent... and ONLY OP would know about his personal circumstances, including sometimes our cashflows might go up or they might go down, but if we have goals to stack sats, then likely we would like to continue to figure out ways to continue to stack and maybe increase our stacking and not making up any excuses regarding why we stopped, and "if we would have" blah blah blah.. ..

Consistency and persistency and adapting to the environment remains important in when we may well have bitcoin stacking ambitions, which seems to have had been the case when OP started this thread.