I am almost there to my 5btc aim. Next stop is 10btc but I don't think I will be able to get there in a reasonable timeframe before the next bull run.
I showed you my 1 year btc buys before and this is my whole history:
(never sold a satoshi since 2016)
I hope the accumulation phase lasts at least 2 years this time.
I mean I can buy 30 btc right away but no. I'll dollar cost average the shit out of it.
You certainly are over-cautious in buying
BTC. If you went all in 2016, by the end of 2017 you could had been a multi millionaire. I started buying at the end of 2016 although I watched the price since 2015. Back in 2015 I didn't know much about
BTC, I didn't think of buying at all. I just started mining ETH with gpu rigs. I sold all for
BTC before the big ETH rise to 450$ unfortunately. I made a lot of mistakes until mid 2017 when I went all in with my savings. I could had over 40
BTC if I wasn't shaken by China's bans and the forks. However, these first negative experiences made me firm to hodl and I endured all crashes since the Sep 2017 until now. I learned to appreciate
BTC more than the gold or fiat. Playing with my precious
BTC's in a daily trade is a no go! My "successful" trades in 2017 led to the missed opportunity 3x since 1000 to 3000$. Now I even used 3/4 of my credit card limits and I am converting all my salary into
BTC. For me the best strategy is to hodl until I get at least $1-2mil (hopefully 4-5). My first goal is to reach 20
BTC not by trade but by buying only. Whether the price will stay here or go up is of no importance to me, since I can buy directly or mine 1.5-2
BTC per year. I am not happy with my current stash, which is only 16
BTC, but by the end of 2020 I should be able to reach the 20
BTC goal. I am still working on a plan what to spend and for what. On top of my list is a first line beach villa, then a new car, travelling around the world, and charity for homeless and sick children. A 100x from now should be enough for that
Yes, it is close to the gold market cap, but if the gold went there without average Joe, mainly institutions, why not
BTC go there with mass adoption and a little inst. investors? It is quite possible in the coming years and guaranteed for a longer period of time!