My Past nine months bitcoin journey

[iTradeChips]

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.

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[Viscore]

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

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 

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.

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.

[aysg76]

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!

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

[Sterbens]

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.

[JayJuanGee]

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).

[bosede1]

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.

[aysg76]

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

[Kiley33]

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.

[MIldic1c]

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.

[JayJuanGee]

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 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.

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.

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.

[MIldic1c]

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.

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.

[roosbit]

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.

[aysg76]

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.

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.

[aysg76]

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

[bitzizzix]

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.

[aysg76]

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.

[pawanjain]

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.

[Ultegra134]

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.

[lalabotax]

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.

[TimeTeller]

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.