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Author Topic: My Past nine months bitcoin journey  (Read 2819 times)
Wawa2013
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July 16, 2021, 11:35:59 PM
 #61

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'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.

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aysg76 (OP)
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July 17, 2021, 04:47:21 AM
 #62


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.
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.

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.
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.

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peter0425
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July 17, 2021, 06:04:40 AM
 #63

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
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.









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bitzizzix
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July 17, 2021, 07:01:53 AM
 #64

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.

 
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bitterguy28
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July 17, 2021, 07:06:16 AM
Merited by JayJuanGee (1)
 #65

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.

How long have you been doing that, bitterguy?


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.

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July 17, 2021, 08:53:18 AM
Merited by JayJuanGee (1)
 #66

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.
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July 17, 2021, 09:31:27 AM
 #67

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.
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July 17, 2021, 09:42:11 AM
 #68

The image itself is a proof that you made a very wise decision Smiley.
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 Smiley

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July 17, 2021, 10:04:42 AM
 #69

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.
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.

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July 17, 2021, 11:49:59 AM
 #70

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
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July 17, 2021, 01:21:35 PM
 #71

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

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July 17, 2021, 01:43:00 PM
 #72

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.

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July 17, 2021, 02:19:05 PM
 #73

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.

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July 17, 2021, 03:06:30 PM
Merited by bitterguy28 (1)
 #74

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.

How long have you been doing that, bitterguy?


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.

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.

This is a good decision and you bought it at the right time because in recent months the price of bitcoin is in a downward stage so you will get more bitcoins with less capital. I think that currently only a few people who have great patience like you are able to reduce their life budget to put in bitcoin investments, hopefully your plans will go well and continue to survive.

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.

1) Self-Custody is a right.  There is no such thing as "non-custodial" or "un-hosted."  2) ESG, KYC & AML are attack-vectors on Bitcoin to be avoided or minimized.  3) How much alt (shit)coin diversification is necessary? if you are into Bitcoin, then 0%......if you cannot control your gambling, then perhaps limit your alt(shit)coin exposure to less than 10% of your bitcoin size...Put BTC here: bc1q49wt0ddnj07wzzp6z7affw9ven7fztyhevqu9k
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July 17, 2021, 04:24:09 PM
 #75

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
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July 18, 2021, 04:09:52 AM
Merited by JayJuanGee (1)
 #76

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.

How long have you been doing that, bitterguy?


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.

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.

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.

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July 18, 2021, 04:47:25 AM
 #77

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.

How long have you been doing that, bitterguy?

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.

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.
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.

1) Self-Custody is a right.  There is no such thing as "non-custodial" or "un-hosted."  2) ESG, KYC & AML are attack-vectors on Bitcoin to be avoided or minimized.  3) How much alt (shit)coin diversification is necessary? if you are into Bitcoin, then 0%......if you cannot control your gambling, then perhaps limit your alt(shit)coin exposure to less than 10% of your bitcoin size...Put BTC here: bc1q49wt0ddnj07wzzp6z7affw9ven7fztyhevqu9k
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July 18, 2021, 09:13:49 AM
Merited by The Sceptical Chymist (3), JayJuanGee (1)
 #78

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.
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.

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July 18, 2021, 09:25:36 AM
 #79

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.

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

How much btc were bought:  0.00405


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


How many btc were bought:  0.00558

Total Bitcoins aqquired with $360 = 0.00963
 

I have doing this from past two 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  Wink

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.
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July 18, 2021, 10:49:48 AM
 #80

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!

R


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