My Past nine months bitcoin journey

[btc78]

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

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

Hold,invest Bitcoin for your future

+1 on this . HODL guys.

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

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 .

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[Sebas.tian]

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.

[Wind_FURY]

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.

[ninis45]

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

[JayJuanGee]

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  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.

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, 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 - 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.

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.

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.

[aysg76]

How have I not seen this topic?

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

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

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.

[aysg76]

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.

[kucritt]

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

[JayJuanGee]

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.

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... 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.

[Wipeout2097]

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.

[StLucifer]

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.

[JayJuanGee]

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% price appreciation, and at a year we have 30% and if we zoom out 4 years we have 5.3x appreciation and at 9 years we have about 177x.

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.

[aysg76]

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. 

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.

[JayJuanGee]

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. 

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

[aysg76]

~snip~

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.

[JayJuanGee]

~snip~

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.

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).

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.

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.

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

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.   

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.

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.

[Accardo]

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.

[aysg76]

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.

[Ultegra134]

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.

[JayJuanGee]

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 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.