Well. You started whenever you started. I was just trying to provide some kind of quasi-intelligent estimation regarding when that could have been.
But your "35.6x" proves my point: Say you've been buying $20 per week in Bitcoin since February 26, 2015. You now have 6.28 BTC. If you continue buying this way, you add 0.03087 BTC per year (at current price). Compared to the 6.28 BTC you have already, I call that dust. What's the point in adding less than 0.5% per year?
Sure in the end, you have to figure out what works for you. When i got into bitcoin in 2013, I had already had about 25 years of trying to accumulate and build investments, and surely for most of that pre-bitcoin time, and probably at least several years into my bitcoin time, I had largely striven to figure out ways to attempt to save/invest at least 10% of my income, and within that savings/investing there would be ways to allocate based on a variety of factors and considerations.
I would imagine if you are still accumulating and building your investment portfolio then you would perhaps be getting smarter about bitcoin too, which would justify allocating more towards bitcoin.. and surely even if you started with $20 per week, you may well have graduated higher in your amounts in the past 5 plus years.. ...
but yeah, if you have concluded that you have enough bitcoin in relation to your other assets, then so be it.
That's why I'm not buying nor selling (other than what I need to pay taxes). If you're not into Bitcoin yet, this would probably still be a good strategy to start now. I recently found a (Dutch) finance blog that mentioned this too (I think it was €20 per month).
Yep... if you are in BTC accumulation mode then a combination of lump sum, buying on dips and DCA could be quite helpful, and sure if you feel that you have enough BTC in relation to whatever other investments you have and your other various uses of your cashflow, then that could be a rational conclusion too...
And, by the way, you do not necessarily have to have any kind of strong conviction in the thesis that we may well be in the midst (perhaps still early stages) of the largest transfer of wealth in history in order to still hedge into bitcoin just in case, and you would not even have to have a lot of bitcoin if such an event were to play out in the coming years.. so if you were to have something in the neighborhood of 6.28 BTC as the DCA chart shows, that may well be enough BTC to have when BTC ends up being $1million, $10million or more per per BTC in the coming 20 years or so.. and maybe you could say, oh I could have had a couple more BTC if I had continued to invest, but I decided to go into a kind of sit back and wait status because I thought that there might be better places to put my money. No problem.. you have to make those allocation choices for your self in terms of your own situation and perception of the cost/benefits of your various ways of allocating your value and your energies.
In retrospect: I should have bought Bitcoin when I first heard about it. But as we say in Dutch: "
achteraf kijk je een koe in zijn hol".
But your "35.6x" proves my point: Say you've been buying $20 per week in Bitcoin since February 26, 2015. You now have 6.28
BTC. If you continue buying this way, you add 0.03087
BTC per year (at current price). Compared to the 6.28
BTC you have already, I call that dust. What's the point in adding less than 0.5% per year?
That's why I'm not buying nor selling (other than what I need to pay taxes). If you're not into Bitcoin yet, this would probably still be a good strategy to start now.
I recently found a (Dutch) finance blog that mentioned this too (I think it was €20 per month).I tell you what the point of buying that amount is, it's called savings.
Any money from ones labor that is not needed for covering ones needs should be put into savings for the future. Traditional savings were done in fiat in bank accounts, but now, we have BTC. So if earning an income from labor and have money left over after expenses each week, where is the best place to put it?
I say in BTC, even if the amounts you refer to as dust are low. My reason for this is that in the long term I don't want to lose purchasing power of any of my excess labor, which is guaranteed in fiat.
Actually, this might be a better, shorter and more eloquent way of saying the same thing that I was trying to say in terms of figuring out your allocations.
When I was young I tended to project my cashflows out a few months that gravitated towards 6 months because I realized that sometimes if I spend today, it might end up having ramifications down the road, and I don't want to get caught with my pants down. For various reasons my finances got more complicated the more money that I had, the more activities, expenses and cashflows that i was trying to manage, so i gravitated towards projecting out 18-24 months in advance in order to really stem off my potential cashflow shortages way before they might end up happening.....
Even though I severed several of my financial complications, I do still fell good projecting out 18-24 months in advance and also I can figure out how much of the free cashflow is available for putting into BTC.
Poll
