Road to 100k?

[barisbilgili]

Yeah, it may be hard for some because they see in crypto the way to change their lives for the better or even turn them upside down, but it's not done in a second or even years. The knowledge comes gradually and naturally for those willing to invest their determination and effort and not think only about the profits at hand.

In terms of seeking and achieving profits for large amounts through Bitcoin, of course everyone does not only rely on money, although the amount of money is also included in the points that are still very much taken into account now. However, everyone must also think about the time they have and their efforts in seeking important knowledge that can be used to achieve profit or success in the future because seeking knowledge is also a form of investment in our own brains so as not to get lost with the wrong motivation.

So money will be used in the right way and path when we already have good knowledge and ways to use it such as investing in Bitcoin and continuing to see any trend as a good opportunity so that the desire to have a lot of Bitcoin continues to exist in our own hearts. And you can also think like that because now each person only thinks about themselves for anything, including achieving greater profits through Bitcoin.

In Bitcoin I think it's easy, just invest in the long term with a large amount then it is very likely that you will get a big profit, I think we can make it simpler and of course knowledge is also important but I don't imagine that it is more needed than trust in investing in Bitcoin.

And for the way we will do it I think everyone will have a different path for the same goal, for example a strategy to collect Bitcoin or choose the right time to enter/buy Bitcoin.

[Pi-network314159]

[edited out]

But now by investing bitcoins in DCA method I am able to consolidate the funds and convert it into bitcoins, from here my future will go far and I will be self-sufficient.  I invest between 5 and 9 dollars a week. My goal is that I try to keep my investment alive for several years.

I am glad that you are shooting towards buying BTC every week, and since your purchase amounts are so low, I hope that you have some kind of a system to make sure that your investment does not get eaten by transaction fees. 

If you think about it, even after a year, your investment is ONLY going to be between about $260 to $520, yet I am not really poo-pooing the quantity in terms of you can ONLY do what you are able to do.. so you do the best that you can do. 

You are right @jayjuanGee I thought as much too, despite we regularly talk about investing as little as we can, I think there is certainly a need to increase our investment in other not to spend majority on transaction fee since bitcoin is growing higher and becoming more expensive. It is possible that an investor who budget $5 a week on DCA can change his investment plan to $20 monthly to reduce his transaction fee or can decide to make it $15 in 2weeks in however way that can be ok because as time goes on btc will increase to an extent when $10 will not be even possible to invest due to high transaction fee.

[JayJuanGee]

I hate to talk anyone away from bitcoin, but yeah sometimes bitcoin might not be so feasible for folks without any discretionary income or hardly any discretionary income when they might be able to increase their discretionary income in ways that potentially conflict with investing into bitcoin.

thought of investment mostly comes to mind when you're earning above what's needed for your monthly expenses and can reserve some portion for your investment goals and even set out some for any emergency that might spring up while you're yet investing. It's not about talking anybody out of investing in Bitcoin, if they don't even have this knowledge, they are certainly going to have a faulty start in Thier investment which will affect them and go on to disrupt them along the way when things isn't going the way they might have expected.

It's good to always create a balance and do some minor calculations on how profitable we can possible get to it we continue investing a particular small amount for a said period of time.

I was not talking about people not having sufficient knowledge to be able to invest into bitcoin, in response to pawel7777's post, I was talking about situations in which the discretionary income is lacking in sufficiency, so that efforts might be spent on building skills that allow for earning more income, and so that does not mean that they don't have knowledge and skills to know about bitcoin, they are just lacking in discretionary income so the skills, experiences and connections that they might need to work on building might need to relate to their being able to successfully build their discretionary income, whether they end up investing in bitcoin with their extra money or not as pawel7777 was suggesting, they might well end up in a better financial and psychological position when they increase their income earning circumstances.

It kind of reminds me when I first got into bitcoin in 2013 and even for several years thereafter, I recall that there were so many forum members emphasizing the various ways to get free bitcoin (like faucets and other things and even menial jobs), and I continued to emphasize that there may well be a lot of circumstances that the time spent searching for free bitcoin or ways to earn bitcoin could have had been way better spent in regards to earning fiat and buying bitcoin with the extra amounts of fiat that would be made through better use of their time... so I have never really been against buying bitcoin, even though I am not against earning bitcoin or getting it for free either, yet sometimes those bitcoin earning jobs are not very easy to come by and it may well not be worth it and also end up delaying the stacking of sats...

yet the point about earning income or even increasing the earning of income as pawel7777 seemed to have had been making might improve a persons life in a lot of ways, whether or not they stay involved in bitcoin, and surely I am all for getting into bitcoin and staying in bitcoin, yet sometimes people should be working on their skills, experiences and connections so that they are able to increase their chances of increasing their income so that they can buy bitcoin or whatever they are going to end up doing with their income.. and sure bitcoin could be and maybe should be a part of that, but there may also be circumstances in which improvement in income still could end up resulting in better life circumstances, whether bitcoin is involve in such future of that person or not.. and surely my argument would still be that bitcoin is still an added bonus that everyone should attempt to include, even if there are circumstances that increasing income is even more important in terms of that person's situation..

[edited out]

But now by investing bitcoins in DCA method I am able to consolidate the funds and convert it into bitcoins, from here my future will go far and I will be self-sufficient.  I invest between 5 and 9 dollars a week. My goal is that I try to keep my investment alive for several years.

I am glad that you are shooting towards buying BTC every week, and since your purchase amounts are so low, I hope that you have some kind of a system to make sure that your investment does not get eaten by transaction fees. 

If you think about it, even after a year, your investment is ONLY going to be between about $260 to $520, yet I am not really poo-pooing the quantity in terms of you can ONLY do what you are able to do.. so you do the best that you can do. 

You are right @jayjuanGee I thought as much too, despite we regularly talk about investing as little as we can, I think there is certainly a need to increase our investment in other not to spend majority on transaction fee since bitcoin is growing higher and becoming more expensive. It is possible that an investor who budget $5 a week on DCA can change his investment plan to $20 monthly to reduce his transaction fee or can decide to make it $15 in 2weeks in however way that can be ok because as time goes on btc will increase to an extent when $10 will not be even possible to invest due to high transaction fee.

I am not sure whether you exactly got my point since I am not merely referring to various kinds of present fees.  Sure, we should be considering various kinds of current transaction fees, yet we should also be considering future transaction fees and UTXO management, so if we have a bunch of $5, $10 and $20 transactions, then we might get killed with fees if we try to spend those in the future......and a bunch of the low ones could either become unspendable or very expensive to spend.. so we end up thinking that we have thousands and thousands of dollars in value, but the fees could end up causing that value to be greatly diminished or even circumstances of close to zero if the UTXOs had become unspendable...so we end up with a false sense of our own wealth... another way that poor people could run the risk of getting screwed disproportionately to richer people. ..and I am not even proclaiming any conspiracy theory either since the design of the system creates such potential issues with UTXO management that become more problematic with historically small transactions... and the threshold of unspendable is frequently changing, even if there are likely also going to be changes in the future, but the changes could end up cutting in either direction in terms of how some UTXOs might become more spendable or less spendable depending on onchain transaction competition and/or tools that might be available to deal with the dynamics, including that there are some folks who might want fees to be higher too... a lot of knowables, unknowables and even quasi-knowables/unknowables.

I tried to not get specific with Popkon6 because I was not sure how he might have had been accumulating his BTC and/or managing his UTXOs, and sure we also do not necessarily want guys to get too specific in terms of potentially jeopardizing their OpSec... , yet if someone is using an exchange, they can buy small amounts of BTC regularly, even weekly and even ONLY $5-$10 at a time and maybe there are few fees in either getting the fiat there or making the BTC purchase, and so maybe if they are ONLY buying small amounts of BTC each time, they might need to keep their money on the exchange until it reaches a certain higher level amount, perhaps even $500 or more in order to not end up getting stuck with a bunch of small UTXOs (and we can think about sizes in terms of satoshis too, whether we might consider something like 800k satoshis being the amount).. and sure these days onchain transaction fees are relatively low, but in the future if there might be onchain transaction fees that are way higher, then some UTXOs with smaller amounts of balances might become unspendable (even if we might presume the BTC price to continue to go up).   

So we should be thinking in terms of present fees but also in terms of future fees and trying to engage in good UTXO management, and that can be a whole subject in itself.

Each guy is responsible for his situation and learning these kinds of things and has to look at where he is currently incurring fees and also to consider future onchain transaction fee possibilities, and hopefully not end up sticking himself with a bunch of small UTXOs merely because he had been too worried about keeping a few hundred dollars on exchanges, when the better thing to do might be to wait until the BTC balance on the exchange reaches a certain amount, whether calculating in dollars or calculating the number of sats, before transferring such BTC to a private wallet...

What is the minimum satoshi threshold when you are voluntarily making the transfer could differ from person to person.. whether you might consider your minimum to be 100k satoshis or 500k satoshis or 1 million satoshis or some other amount. ... I am personally gravitating towards 500k to 800k as minimums if I am transfering to myself, and sure there may also be times to transact with another person, so 500k satoshis might get cut in half and you still might end up giving another person some smaller amount of satoshis like 50k or 100k and then receiving the change from whatever BTC is left in the spent UTXO.

There also might be different considerations when you are receiving from someone else (where you might have less of a choice about the size of the UTXO.. and yeah the other side of that is your creating a UTXO for someone else by sending it to them and realizing that they are going to be stuck with the UTXO size that you are sending) as compared when you are voluntarily choosing how and when to create UTXOs that you are going to be receiving, so you have much more control when you are sending BTC to yourself or you are sending from one of your wallets and creating change for yourself..... sending from an exchange may well have different rules as compared with sending from one of your own wallets.

Coin control skills are also something that becomes important but is not available in all wallets and is not even available on exchange wallets, so when you are trying to engage in practices that attempts to make sure you don't put yourself with a bunch of small and potentially unspendable UTXOs, then you might want to pay attention or figure out what you are doing in terms of your UTXO management.  The more we work with these matters and even learn about the UTXO management features of the wallets that we use (including the coin control feature), the more likely that we will be able to make sure that we have some management over the size of our UTXOs for the present and the future which could affect either our fees for the present and/or our fees and our privacy for the future.

If you think about it, there are a lot of possibilities, but if a poor person has been buying bitcoin for 10 years and transferring every week, then that could be 52 UTXOs per year and so 520 UTXOs over 10 years, and so if all of the UTXOs were small, then maybe fees could be high or low, and if they were all unspendable, then the person wasted 10 years investing and was not able to recover anything... There surely are trade-offs in regards to keeping value on exchanges, but sometimes there might be needs to have some variety of UTXO sizes, and sure poor people get screwed in a lot of ways, so they sometimes have to attempt to protect themselves and figure out ways to lessen the likelihood that they are going to get screwed in regards to the size of their UTXOs and how they are attempting to manage the value that they have been saving and accumulating... and in the end, they have to figure out the right balance in regards to how long to wait before transfering off of exchanges, since we likely realize that there are risks in regards to keeping value on exchanges (and with 3rd parties) too.

[Cryptoprincess101]

Some people feels DCA is met for those who are not rich but that's not true

This will be a misconception if anyone thinks like that, DCA is an investment plan, one that is widely viewed as safer. This means that it can work for both small and big investments, it now depends on the asset we are talking about, if the investor could be sure about this asset like Bitcoin, I am sure that it will be fine. Still, I love it if the investor is reasonable about it. Believing you are using the DCA approach and still buying Bitcoin at the peak, it will not save you. Many foolishly believe that if it's Bitcoin, it's a certain profit but I do not view it like that. We should always consider all conditions and let the safety of our money be the highest priority.

Actually the DCA strategy is for every investor, big or small investors and it doesn't care about the price point as the main aim of using this strategy is to acquire Bitcoin at different intervals without caring about the price at that period of time so it doesn't really mean you must buy at a lower price because even when the price is high you can still accumulate but I don't see anything like buying at a peak price because Bitcoin doesn't have a stipulated price that it would reach and never skyrocket or DIP again, so far as the price of Bitcoin continues to go higher, no price should be considered peak (highest) as all we need do is to buy and hodl no matter the price at any interval of time. Considering several conditions why making investments is good but for an asset like Bitcoin I don't know the kind of consideration that should be put in place again because this is an asset that has proven to be reliable beyond reasonable doubt

[JayJuanGee]

Some people feels DCA is met for those who are not rich but that's not true

This will be a misconception if anyone thinks like that, DCA is an investment plan, one that is widely viewed as safer. This means that it can work for both small and big investments, it now depends on the asset we are talking about, if the investor could be sure about this asset like Bitcoin, I am sure that it will be fine. Still, I love it if the investor is reasonable about it. Believing you are using the DCA approach and still buying Bitcoin at the peak, it will not save you. Many foolishly believe that if it's Bitcoin, it's a certain profit but I do not view it like that. We should always consider all conditions and let the safety of our money be the highest priority.

Surely safetyness of money deserves a high priority, yet even you should realize that the devil's in the details regarding how anyone might be attempting to balance their various personal financial and psychological circumstances, and sure maybe safetyness of money has a high priority for everyone, even though some members take more risks than others and they would therefore measure safetyness differently from others, and surely funny hearing you describing safetyness of money to be the highest priority while you are simultaneously frequently convoluting ideas by suggesting that trading and investing are similarly risky...so in some sense, I am having difficulties accepting that you even sufficiently recognize the differences between safe/unsafe money practices in a kind of general application kind of way...especially if we might even recognize the plight of a lot of normies in terms of their trying to balance out how they might get involved in an investment like bitcoin and how much time they might be able to put into studying it or even thinking about how safe they are being...so surely in the end, no one really wants to come into an investment or a trade and lose money, even though we know that any investment and/or trade could result in loss of funds, but people still engage in such conduct. and it might even be the better of choices available to them in light of all of their balances, not limited to safety considerations they might be able to employ within the context of their personal circumstances.

Regarding your point about buying at the top and employing DCA. One of the difficulties, and probably moreso for newbies, they are going to have difficulties identifying the top, and surely many times tops can be identified way more easily after they happened rather than before they happened or while they are happening, especially for newbies.

DCA generally minimizes the need to look at prices and trying to guess prices, yet surely any longer term investor in BTC should be considering that the BTC prices have good chances to go up in the future, even if there might be dips or even long corrections along the  way and even if he might start his investment journey into bitcoin during or after what appears to be a large BTC price uprise.

Of course, there are no guarantees in bitcoin price moves, and so there might be some concerns regarding whether to increase or decrease DCA amounts based on perceptions of BTC price moves, and there surely might be investors who can tweak their  DCA approach order to attempt to take advantage of BTC price dips, yet so many investors in BTC had gotten wrong their attempts to tailor their DCA approach and so frequently there still may be more justification to just DCA without thinking about BTC price, perhaps even the first 4 years or longer of investing into bitcoin, and then maybe further down the road there might start to become some justifications to move away from a more strict DCA approach and to potentially start to tailorize it more in terms of anticipating price rises and dips, yet people can also make mistakes if they tailorize their buys too much and then they do not end up continuing to buy at the bottom or maybe the cut back on their buys when the BTC price kept going up...yet it becomes difficult to overgeneralize the mistakes that people end up making because freuqently there are trade-offs in the employment of various techniques, even if we are trying to stick with buy only bitcoin accumulation techniques.

just like lump sum strategy are best for those who got an inheritance from there father, mother, or anyone at all or someone who had the opportunity of having a huge amount of money, DCA are met for those who receives there money week, monthly or yearly is for those who chose to accumulate with time.

Inherited fortune is a different ballgame, anyone can treat it as they like.

A different ballgame in what respect?  If someone receives some kind of an inheritance, then they can consider the extent to which they are going to invest in bitcoin with it as opposed to using some of it for consumption or investing into something other than bitcoin, and if they end up allocated a certain amount to bitcoin investment, they also could consider their BTC accumulation techniques might include lump sum (buying right away), DCA and/or buying on dips.  Of course, they could allocate some or all of the amount for trading too.. but going down the trading route seems like a more advanced consideration since trading involves additional skills beyond merely deciding to invest some or all of their inheritance amount into bitcoin.

As for the DCA, it is an investment plan, not a measure of how we receive money. It doesn't need you to be a period earner before enjoying it. You may have a huge amount already but plan it periodically through DCA.

I agree with you regarding these points.

[As-Soon-As]

[edited out]

But now by investing bitcoins in DCA method I am able to consolidate the funds and convert it into bitcoins, from here my future will go far and I will be self-sufficient.  I invest between 5 and 9 dollars a week. My goal is that I try to keep my investment alive for several years.

I am glad that you are shooting towards buying BTC every week, and since your purchase amounts are so low, I hope that you have some kind of a system to make sure that your investment does not get eaten by transaction fees. 

If you think about it, even after a year, your investment is ONLY going to be between about $260 to $520, yet I am not really poo-pooing the quantity in terms of you can ONLY do what you are able to do.. so you do the best that you can do. 

You are right @jayjuanGee I thought as much too, despite we regularly talk about investing as little as we can, I think there is certainly a need to increase our investment in other not to spend majority on transaction fee since bitcoin is growing higher and becoming more expensive. It is possible that an investor who budget $5 a week on DCA can change his investment plan to $20 monthly to reduce his transaction fee or can decide to make it $15 in 2weeks in however way that can be ok because as time goes on btc will increase to an extent when $10 will not be even possible to invest due to high transaction fee.

There is no set rule that an investor can invest a small amount of money, the maximum amount that he can invest according to his shraddha. The bottom line here is whether he is investing regularly following the DCA method, no matter how big an amount he invests, it will depend on him. Those who are big investors basically invest with more money or formed money, but the person who is a small investor how to invest the accumulated money. That's why DCA method is the best and easiest method for both small and big investors, if you invest small amount regularly then your portfolio will be very heavy. The most valuable thing here is whether he has regularly participated in the investment.

[betswift]

You are right @jayjuanGee I thought as much too, despite we regularly talk about investing as little as we can, I think there is certainly a need to increase our investment in other not to spend majority on transaction fee since bitcoin is growing higher and becoming more expensive. It is possible that an investor who budget $5 a week on DCA can change his investment plan to $20 monthly to reduce his transaction fee or can decide to make it $15 in 2weeks in however way that can be ok because as time goes on btc will increase to an extent when $10 will not be even possible to invest due to high transaction fee.

There is no set rule that an investor can invest a small amount of money, the maximum amount that he can invest according to his shraddha. The bottom line here is whether he is investing regularly following the DCA method, no matter how big an amount he invests, it will depend on him. Those who are big investors basically invest with more money or formed money, but the person who is a small investor how to invest the accumulated money. That's why DCA method is the best and easiest method for both small and big investors, if you invest small amount regularly then your portfolio will be very heavy. The most valuable thing here is whether he has regularly participated in the investment.

Yep, it's essential to keep accumulating if a person wants to see the results, it's non-negotiable

[Mr.right85]

In the absence of any definite rules, one must follow Bitcoin investing with a lot of objectivism, knowing that, haven’t accepted or gotten some ground rules of the project, it’s left for you to decide how you can grow or manage to build a portfolio to be something you would appreciate.

Those who are big investors basically invest with more money or formed money, but the person who is a small investor how to invest the accumulated money. That's why DCA method is the best and easiest method for both small and big investors, if you invest small amount regularly then your portfolio will be very heavy. The most valuable thing here is whether he has regularly participated in the investment.

Something that is there to understand is that,
Most of the big investors out there were already huge in the society before they dived into the cryptocurrency niche for Bitcoin investments. Else, how do you hear about people buying up to a 100BTC if they weren’t already made in the society.

DCA offers this same opportunity but with a less aggressive approach and one that spans through time. You get the chance to consider all options and be comfortable putting in just enough to grow your portfolio and grow through the process of investing with ease.

[Barikui1]

In the absence of any definite rules, one must follow Bitcoin investing with a lot of objectivism, knowing that, haven’t accepted or gotten some ground rules of the project, it’s left for you to decide how you can grow or manage to build a portfolio to be something you would appreciate.

Those who are big investors basically invest with more money or formed money, but the person who is a small investor how to invest the accumulated money. That's why DCA method is the best and easiest method for both small and big investors, if you invest small amount regularly then your portfolio will be very heavy. The most valuable thing here is whether he has regularly participated in the investment.

Something that is there to understand is that,
Most of the big investors out there were already huge in the society before they dived into the cryptocurrency niche for Bitcoin investments. Else, how do you hear about people buying up to a 100BTC if they weren’t already made in the society.

DCA offers this same opportunity but with a less aggressive approach and one that spans through time. You get the chance to consider all options and be comfortable putting in just enough to grow your portfolio and grow through the process of investing with ease.

Well, talking of the statement I make bold, you need to understand that most of this guy's that bought a very huge amount of Bitcoin at a go wasn't that rich as you think, most of them bought very early, they are those investors that put their hard earned money on Bitcoin when majority of us doesn't even dare to take such a risk, and that is why they were the biggest benefactor of the magnificent growth of Bitcoin, because they took the biggest risk to invest in Bitcoin then, but if someone can buy such a number of Bitcoin today, then that person would have been an established person already in the society just as you said, because Bitcoin right now is way more expensive now compared to how much it was 10years ago.

Then concerning your next paragraph, yes it's true that DCA accumulating strategy offers the same opportunity to acquire and own a very huge amount of Bitcoin, but it's not a day job, it might even take an average salary earner 10years to acquire up to 100BTC, some might not be able to acquire such number of it due to poor salary, but that isn't a problem too me, the most important thing is continuity, as long as you keeps on buying without tempering with the ones you have already, with time, you will surely get there as long as you keeps on buying.

[cryptoWODL]

Some people feels DCA is met for those who are not rich but that's not true, just like lump sum strategy are best for those who got an inheritance from there father, mother, or anyone at all or someone who had the opportunity of having a huge amount of money, DCA are met for those who receives there money week, monthly or yearly is for those who chose to accumulate with time.

People who think this, they're wrong because investing in dollar cost averaging method is something anyone can do. Be it rich or low income people. How much you can invest will depend on your ability or income. If you can afford to invest more money then invest more and if you can afford to invest less bitcoin then invest less. That means you can buy it on weekly or monthly basis according to your income.

So the DCA strategy is for those who receives small salary and those who receives big salary, one can decide to invest $5k weekly or $100 monthly it all depends on your Discretionary income.

Monthly income from job or business is used to meet family needs. So if we withdraw some money from the amount of money we earn on monthly basis we can invest it in Bitcoin. But before investing with money earned from job or business, we have to make sure that we don't have to sell the money we will invest at the moment of need i.e. we don't have to sell until we reach our specific goal.

[JayJuanGee]

[edited out]

Well, talking of the statement I make bold, you need to understand that most of this guy's that bought a very huge amount of Bitcoin at a go wasn't that rich as you think, most of them bought very early, they are those investors that put their hard earned money on Bitcoin when majority of us doesn't even dare to take such a risk, and that is why they were the biggest benefactor of the magnificent growth of Bitcoin, because they took the biggest risk to invest in Bitcoin then, but if someone can buy such a number of Bitcoin today, then that person would have been an established person already in the society just as you said, because Bitcoin right now is way more expensive now compared to how much it was 10years ago.

Then concerning your next paragraph, yes it's true that DCA accumulating strategy offers the same opportunity to acquire and own a very huge amount of Bitcoin, but it's not a day job, it might even take an average salary earner 10years to acquire up to 100BTC, some might not be able to acquire such number of it due to poor salary, but that isn't a problem too me, the most important thing is continuity, as long as you keeps on buying without tempering with the ones you have already, with time, you will surely get there as long as you keeps on buying.

Your comment about acquiring 100 BTC hardly makes any sense.

Of course, historically 100 BTC might have been a target by an average salary earner, yet if someone is just getting started in bitcoin now or even in the past couple of years, an average salary earner might be aiming for the accumulation of 1-5 bitcoins in the next 10 years, since even a person putting $200 per week into bitcoin might have trouble reaching 1-2 bitcoin in the next 10 years, since a person investing $200 per week into bitcoin would have had invested $10,400 after 1 year and presumptively $104k after 10 years, and it might not be enough to have had accumulated a whole bitcoin.. depending on where BTC prices might go from here.

[betswift]

[edited out]

Well, talking of the statement I make bold, you need to understand that most of this guy's that bought a very huge amount of Bitcoin at a go wasn't that rich as you think, most of them bought very early, they are those investors that put their hard earned money on Bitcoin when majority of us doesn't even dare to take such a risk, and that is why they were the biggest benefactor of the magnificent growth of Bitcoin, because they took the biggest risk to invest in Bitcoin then, but if someone can buy such a number of Bitcoin today, then that person would have been an established person already in the society just as you said, because Bitcoin right now is way more expensive now compared to how much it was 10years ago.

Then concerning your next paragraph, yes it's true that DCA accumulating strategy offers the same opportunity to acquire and own a very huge amount of Bitcoin, but it's not a day job, it might even take an average salary earner 10years to acquire up to 100BTC, some might not be able to acquire such number of it due to poor salary, but that isn't a problem too me, the most important thing is continuity, as long as you keeps on buying without tempering with the ones you have already, with time, you will surely get there as long as you keeps on buying.

Your comment about acquiring 100 BTC hardly makes any sense.

Of course, historically 100 BTC might have been a target by an average salary earner, yet if someone is just getting started in bitcoin now or even in the past couple of years, an average salary earner might be aiming for the accumulation of 1-5 bitcoins in the next 10 years, since even a person putting $200 per week into bitcoin might have trouble reaching 1-2 bitcoin in the next 10 years, since a person investing $200 per week into bitcoin would have had invested $10,400 after 1 year and presumptively $104k after 10 years, and it might not be enough to have had accumulated a whole bitcoin.. depending on where BTC prices might go from here.

Your plan seems more real, I agree It just depends on the funds and determination a person has. And, of course, everybody shouldn't forget that accumulation shouldn't be a main source of hope for them profit-wise, it should be a goal that wouldn't hurt them in the long run.

[ajiz138]

Your comment about acquiring 100 BTC hardly makes any sense.

Of course, historically 100 BTC might have been a target by an average salary earner, yet if someone is just getting started in bitcoin now or even in the past couple of years, an average salary earner might be aiming for the accumulation of 1-5 bitcoins in the next 10 years, since even a person putting $200 per week into bitcoin might have trouble reaching 1-2 bitcoin in the next 10 years, since a person investing $200 per week into bitcoin would have had invested $10,400 after 1 year and presumptively $104k after 10 years, and it might not be enough to have had accumulated a whole bitcoin.. depending on where BTC prices might go from here.

How much salary does it take to earn 100 BTC?

Let's say starting now to start investing in bitcoin by reaching the next 10 years with 100 BTC then what you need is: $10K per week DCA then the next 10 years will be close to $6M = 100 BTC current price (depending on up/down) And it is very rare for people to get a high salary unless someone has a large company.

So earning 100 BTC for me is excessive for now, for me 1 BTC is already a good achievement through DCA even if it takes 5 years.

[Sticky Bomb]

Your comment about acquiring 100 BTC hardly makes any sense.

Of course, historically 100 BTC might have been a target by an average salary earner, yet if someone is just getting started in bitcoin now or even in the past couple of years, an average salary earner might be aiming for the accumulation of 1-5 bitcoins in the next 10 years, since even a person putting $200 per week into bitcoin might have trouble reaching 1-2 bitcoin in the next 10 years, since a person investing $200 per week into bitcoin would have had invested $10,400 after 1 year and presumptively $104k after 10 years, and it might not be enough to have had accumulated a whole bitcoin.. depending on where BTC prices might go from here.

How much salary does it take to earn 100 BTC?

Let's say starting now to start investing in bitcoin by reaching the next 10 years with 100 BTC then what you need is: $10K per week DCA then the next 10 years will be close to $6M = 100 BTC current price (depending on up/down) And it is very rare for people to get a high salary unless someone has a large company.

So earning 100 BTC for me is excessive for now, for me 1 BTC is already a good achievement through DCA even if it takes 5 years.

100BTC is just like a dream to me, but I love to dream big, it's attainable though, still it needs a kind of magical updated in my earnings, I love to keep things real still and act within my means until I have the the ability to go higher. My love for BTC it's still limited to accumulating 1BTC for now and I'm optimistic I'll get there soon, and it's attainable with my projections. Maybe when I get there, I'll again  set bigger goals, but until then I think it's better to set realistic goals for yourself. 1BTC is enough goal for now.

[rachael9385]

In the absence of any definite rules, one must follow Bitcoin investing with a lot of objectivism, knowing that, haven’t accepted or gotten some ground rules of the project, it’s left for you to decide how you can grow or manage to build a portfolio to be something you would appreciate.

Those who are big investors basically invest with more money or formed money, but the person who is a small investor how to invest the accumulated money. That's why DCA method is the best and easiest method for both small and big investors, if you invest small amount regularly then your portfolio will be very heavy. The most valuable thing here is whether he has regularly participated in the investment.

Something that is there to understand is that,
Most of the big investors out there were already huge in the society before they dived into the cryptocurrency niche for Bitcoin investments. Else, how do you hear about people buying up to a 100BTC if they weren’t already made in the society.

DCA offers this same opportunity but with a less aggressive approach and one that spans through time. You get the chance to consider all options and be comfortable putting in just enough to grow your portfolio and grow through the process of investing with ease.

Well, talking of the statement I make bold, you need to understand that most of this guy's that bought a very huge amount of Bitcoin at a go wasn't that rich as you think, most of them bought very early, they are those investors that put their hard earned money on Bitcoin when majority of us doesn't even dare to take such a risk, and that is why they were the biggest benefactor of the magnificent growth of Bitcoin, because they took the biggest risk to invest in Bitcoin then, but if someone can buy such a number of Bitcoin today, then that person would have been an established person already in the society just as you said, because Bitcoin right now is way more expensive now compared to how much it was 10years ago.

Let's say 10 or 13 years back many people couldn't afford to buy 100 BTC, but if am not mistaken they have the money to buy 1 BTC buh because they can't afford to risky even $5 they didn't buy Bitcoin earlier, so which means even if those kind of persons are still in existence today to see how high the price of one bitcoin is now, they still can't risk their money to buy it as it is high. I might not be correct buh to me it makes no sense when someone wouldn't buy Bitcoin at $10 back in the early age and wants to buy Bitcoin now that it is $60,000k 
Well, even in the next 15 years Bitcoin will still be valuable, so even if the person buy Bitcoin now and he profits the same thing as those that invested earlier 2010, it will not change anything because he would have gotten more than what he or she got.

Then concerning your next paragraph, yes it's true that DCA accumulating strategy offers the same opportunity to acquire and own a very huge amount of Bitcoin, but it's not a day job, it might even take an average salary earner 10years to acquire up to 100BTC, some might not be able to acquire such number of it due to poor salary, but that isn't a problem too me, the most important thing is continuity, as long as you keeps on buying without tempering with the ones you have already, with time, you will surely get there as long as you keeps on buying.

Well, let's just say that accumulating up to 100 BTC is basically based on how much you are being paid at the end of the month.
Let's start with $20,000k per month as the salary that you received during the end of the month. So if you are receiving this kind of salary every month in a year you can have up to 1+ BTC. (Even if the person ended up saving 1 BTC it shows that it is a good start)
Receive $20,000 per month and you DCAed with $7,000 every month in a year you will have nothing less than $84,000k and if you maintain your DCAing pattern, there is a possibility that you can get up to 15 BTC in 10 years.

[JayJuanGee]

[edited out]

Well, talking of the statement I make bold, you need to understand that most of this guy's that bought a very huge amount of Bitcoin at a go wasn't that rich as you think, most of them bought very early, they are those investors that put their hard earned money on Bitcoin when majority of us doesn't even dare to take such a risk, and that is why they were the biggest benefactor of the magnificent growth of Bitcoin, because they took the biggest risk to invest in Bitcoin then, but if someone can buy such a number of Bitcoin today, then that person would have been an established person already in the society just as you said, because Bitcoin right now is way more expensive now compared to how much it was 10years ago.

Then concerning your next paragraph, yes it's true that DCA accumulating strategy offers the same opportunity to acquire and own a very huge amount of Bitcoin, but it's not a day job, it might even take an average salary earner 10years to acquire up to 100BTC, some might not be able to acquire such number of it due to poor salary, but that isn't a problem too me, the most important thing is continuity, as long as you keeps on buying without tempering with the ones you have already, with time, you will surely get there as long as you keeps on buying.

Your comment about acquiring 100 BTC hardly makes any sense.

Of course, historically 100 BTC might have been a target by an average salary earner, yet if someone is just getting started in bitcoin now or even in the past couple of years, an average salary earner might be aiming for the accumulation of 1-5 bitcoins in the next 10 years, since even a person putting $200 per week into bitcoin might have trouble reaching 1-2 bitcoin in the next 10 years, since a person investing $200 per week into bitcoin would have had invested $10,400 after 1 year and presumptively $104k after 10 years, and it might not be enough to have had accumulated a whole bitcoin.. depending on where BTC prices might go from here.

Your plan seems more real, I agree It just depends on the funds and determination a person has. And, of course, everybody shouldn't forget that accumulation shouldn't be a main source of hope for them profit-wise, it should be a goal that wouldn't hurt them in the long run.

Surely it seems that a person first needs to be in a position to aggressively accumulate bitcoin, since many times  there are going to be balances in regards to how much fiat a person might be able to dedicate towards investing in bitcoin, and even though it makes logical sense to attempt to front load a bitcoin investment, it can be really tough to justify too much frontloading for anyone who might also be in early stages of getting an education, working on job building skills and maybe even in the earlier stages of building a family to the extent that the spouse may also contribute to extra income or not so much.  

So then even projecting in terms of a bitcoin quantity goal might seem a bit unrealistic since we don't know how much bitcoin is going to cost at various points along the journey, yet we might be able to project how much income we might be able to have along the way and maybe a presumption of gaining income along the way, but still there can be questions whether expenses might go up equal to gaining income or maybe even some expenses go up higher to gaining income, which would end up in reductions rather than increases in disposable income, so maybe a newbie comes to bitcoin and he expects that he is going to be as aggressive as he is able to become, and maybe starts out with $50 per week and expects in 6 months he will be able to get up to $100 per week and then perhaps in 12-18 months he will be able to get up to $200 per week.. perhaps, but there are several contingencies, and he can imagine situations in which his amount could become higher or it could become lower, and he also has a job situation in which he receives bonuses 2-3 times per year, so if his finances are in good order most if not all of that bonus amount could be invested into bitcoin, that is if he continues to believe that putting so much of the bonus amounts into bitcoin...

so there can be uncertainties on both the bitcoin quantity measurement side and also uncertainties regarding the fiat value of the bitcoin and also uncertainties regarding how much fiat is going to be spareable in order to put into bitcoin, yet there could be some tangible ways of attempting to measure goals in terms of yearly expenses, so even if there might be difficulties knowing exact values and quantities, there could be assessments that perhaps after the first 10 years of investing into bitcoin, the bitcoin accumulator might want the bitcoin to be valued somewhere in the ballpark of at least 3-5 years of expenses, so that the quantity put in plus the bitcoin's appreciation in value might reach those kinds of levels, and so perhaps to reach those kinds of levels there may well be needs to exceed 10% of the gross income put into bitcoin, and maybe even to be safer there could be attempts to put up to 15% to 25% of the gross income into bitcoin, even though it could be difficult to achieve those kinds of investment levels on a sustainable basis.. so it may well be better to stick with a little bit less aggressive investment level closer to 10% rather than 25% that is at least more sustainable.

We should try to be realistic in light of how much BTC we might be able to accumulate, yet we can continue to measure along the way and to attempt to tweak our various scenarios in terms of more likely scenarios and also best case and worse case scenarios, and we can reassess our progress along the way.. so our projections become more factual based the longer that we are building within them, but there still might always be worse case and best case scenarios within them, even though the measures might change along the way too, based partly on our historical progress.

Your comment about acquiring 100 BTC hardly makes any sense.

Of course, historically 100 BTC might have been a target by an average salary earner, yet if someone is just getting started in bitcoin now or even in the past couple of years, an average salary earner might be aiming for the accumulation of 1-5 bitcoins in the next 10 years, since even a person putting $200 per week into bitcoin might have trouble reaching 1-2 bitcoin in the next 10 years, since a person investing $200 per week into bitcoin would have had invested $10,400 after 1 year and presumptively $104k after 10 years, and it might not be enough to have had accumulated a whole bitcoin.. depending on where BTC prices might go from here.

How much salary does it take to earn 100 BTC?

Let's say starting now to start investing in bitcoin by reaching the next 10 years with 100 BTC then what you need is: $10K per week DCA then the next 10 years will be close to $6M = 100 BTC current price (depending on up/down) And it is very rare for people to get a high salary unless someone has a large company.

So earning 100 BTC for me is excessive for now, for me 1 BTC is already a good achievement through DCA even if it takes 5 years.

Yes surely my comment directed toward's Barikui1 idea of an average earner states that he assertion makes no sense for either a beginner or someone within the first few years of their bitcoin accumulation journey.

Since even my example of DCAing $200 per week into bitcoin starting now may well be lucky to reach even 1 BTC after 10 years (that is presuming to be able to have an average cost of $104k per BTC by the end of the 10 years), so if we have to multiply that calculated projection by 100 (100x it), then we see that even a weekly amount of $20k might not even end up reaching 100BTC after 10 years of investing, so I might consider the $200 per week person to be closer to ab average person as compared to the $20k per week person, and I still think that it might be difficult for a lot of folks to even be able to muster up enough disposable income and will power to invest $200 per week into bitcoin.  

In recent years, I have come across some fairly well-off people who complain with my suggestion that they invest at least $100 per week into bitcoin, even though I know that $100 per week is clearly and unambiguously within their budget.  I think that many people don't really know how to invest or to know about the power of DCAing into an asset like bitcoin, so even if I get them to agree to start to invest into bitcoin and use DCA, when they end up doing something like half of my recommended amount, they still end up screwing that up by not being consistent and even selling some of it, so quite a lack of commitment and/or a lack of good cashflow management practices exist through-out sectors of society, whether average income earners or not.

Probably, the best that I did was getting someone to invest around $2k into bitcoin in 2014 and then perhaps getting up to less than $10k invested into bitcoin overall, and sure that person made several screw-ups along the way, but had close to 21 bitcoin at one time, and had cashed out probably more than $150k worth of value at various points, and still has close to 1 BTC in spite of the many screw-ups along the way, and probably the only reason that the person still has close to 1 BTC is based on various kinds of rescue that I ended up making along the way.. and sure I am no where close to perfect or even knowledgable about various technical matters, but people do have tendencies to screw up very basic things and even to devolve into gambling, even while they might be proclaiming that they know what they are doing and that they are "being careful/prudent" with their investment.

[edited out]

100BTC is just like a dream to me, but I love to dream big, it's attainable though, still it needs a kind of magical updated in my earnings, I love to keep things real still and act within my means until I have the the ability to go higher. My love for BTC it's still limited to accumulating 1BTC for now and I'm optimistic I'll get there soon, and it's attainable with my projections. Maybe when I get there, I'll again  set bigger goals, but until then I think it's better to set realistic goals for yourself. 1BTC is enough goal for now.

Try to be somewhat realistic in your expectations and your hopes.. otherwise you are going to increase your odds of recking yourself in the process, and it is way more beneficial to make sure that you stay alive and you stay invested rather than getting greedy and recking yourself along the way because you got too greedy or you were trying to rush the wealth accumulation process.  

It can take a decently long while to build up your bitcoin holdings, even if you have several thousand dollars to start out your BTC investment, even if you know that you are going to have improved income in the future, and even if you believe that you can employ decently good cashflow management practices.  Accordingly, you might even be able to project ahead that over the next 5 - 10 years that you may well be able to invest $150k to $250k into bitcoin, but still even being able to invest that much in a relatively short period of time might be a stretch to achieve and to even conclude that you are reasonably going to be able to accumulate more than 3-5 bitcoin in that same amount of time, and sure maybe you have some hopes of being able to invest even more amounts of fiat into bitcoin which increases your chances of getting higher quantities of bitcoin with that cash, yet it seems quite fantasylandia for someone who is barely getting to 1 BTC to be dreaming about getting to 100 BTC, even though surely those kinds of things can be possible.. but seem a bit unrealistic in terms of needing to build step by step and have realistic goals in the short term that could cause BIGGER goals to be more reachable after achieving smaller goals first.

I am not sure how much I want to go into my personal details, yet I have had BTC and/or value accumulation goals along the way too, and several times I have even exceeded my goals, but part of the exceeding had to do with BTC's price performance.. for example going down and my continuing to accumulate and then going up 2-3 years after I had already been accumulating fairly aggressively... yet frequently my goals would be stated in terms of something that I considered to be achievable within 1-5 years, and so the further that I would project out in regards to either my BTC accumulation or the wealth related to that, the more general my goals would become... yet I still don't tend to assume BTC price growth beyond looking at the growth of the 200-WMA.. so maybe at least 10% is my current assumption, even though my hope for 6% per year was based on spot price rather than looking at the 200-WMA lagging indicator as my current attempt at projecting both BTC growth and my abilities to spend within such parameters of something like at least a 10% per year growth of the 200-WMA.. yet if there is also some exceeding of previous expectations, then I also have a lot of cushion between where I had already expected to be.. which is frequently why I suggest guys try to focus way more on their accumulation goals and to keep honing their accumulation goals within reasonable boundaries rather than getting too caught up in ideas of profits and blah blah blah.. Sure we might presume that profits are likely in BTC, but we likely also have to spend a cycle or even a couple cycles accumulating BTC before getting ahead of ourselves in terms of thinking about what our profits might be when it does come time to start to have cashing out options..

[edited out]

Let's say 10 or 13 years back many people couldn't afford to buy 100 BTC, but if am not mistaken they have the money to buy 1 BTC buh because they can't afford to risky even $5 they didn't buy Bitcoin earlier, so which means even if those kind of persons are still in existence today to see how high the price of one bitcoin is now, they still can't risk their money to buy it as it is high. I might not be correct buh to me it makes no sense when someone wouldn't buy Bitcoin at $10 back in the early age and wants to buy Bitcoin now that it is $60,000k 
Well, even in the next 15 years Bitcoin will still be valuable, so even if the person buy Bitcoin now and he profits the same thing as those that invested earlier 2010, it will not change anything because he would have gotten more than what he or she got.

You are correct that refusing to invest earlier creates a certain kind of psychological block, yet it does not signify that a person might not change in his perception of bitcoin and decide to invest now as compared to what he could have had gotten by investing 10-13 years ago. 

We still need to attempt to calculate our approach in terms of our current financial circumstances, so it devolves into retarded thinking if we are trying to catch up to where we were or even come close to what we could have had done 10-13 years ago. 

Getting to the idea of historically being able to accumulate 100 bitcoins, we might consider that between late 2011 and late 2012 we could have had accumulated 100 BTC between around $300 and $1,200 (based on $3-$12 prices), and if we go as late as 2015, we could have had accumulated 100 bitcoin between $20k and $30k (based on $200 to $300 prices), yet it still seems to unrealistic to be looking that far back, especially when we have posts from relatively new forum members who might have had ONLY been accumulating bitcoin for a year or two at most. 

So yeah the 100 BTC example seems way less relatable for a newbie forum member to be suggesting it to be achievable by "average people."

I don't have any problem with someone changing their mind about bitcoin or even someone deciding to be aggressive in their BTC accumulation, but they still have to work within current circumstances including if considering if they might have already been stacking for a year or two prior to suggesting that average people might have any realistic chances of accumulating 100 BTC, without presuming that they started earlier in their BTC accumulation journey, unless Barikui1 prefers to clarify that he had been referring to someone who either started accumulating BTC much earlier or that there might be some other special circumstances that he had failed to mention in terms of his reference to supposedly average people being realistically able to accumulate 100 BTC.

Then concerning your next paragraph, yes it's true that DCA accumulating strategy offers the same opportunity to acquire and own a very huge amount of Bitcoin, but it's not a day job, it might even take an average salary earner 10years to acquire up to 100BTC, some might not be able to acquire such number of it due to poor salary, but that isn't a problem too me, the most important thing is continuity, as long as you keeps on buying without tempering with the ones you have already, with time, you will surely get there as long as you keeps on buying.

Well, let's just say that accumulating up to 100 BTC is basically based on how much you are being paid at the end of the month.
Let's start with $20,000k per month as the salary that you received during the end of the month. So if you are receiving this kind of salary every month in a year you can have up to 1+ BTC. (Even if the person ended up saving 1 BTC it shows that it is a good start)
Receive $20,000 per month and you DCAed with $7,000 every month in a year you will have nothing less than $84,000k and if you maintain your DCAing pattern, there is a possibility that you can get up to 15 BTC in 10 years.

There could be circumstances that someone earning $20k per month could invest more than $16k per month into bitcoin.. or let's say $4k per week, which would be $208k per year, which would be $2,080,000 over 10 years.
That is a pretty large investment...so yeah maybe they might have had been able to accumulate 15-20 BTC over 10 years... not easy to know how many BTC they might be able to accumulate with that level of income.

[Cryptoprincess101]

In Bitcoin I think it's easy, just invest in the long term with a large amount then it is very likely that you will get a big profit, I think we can make it simpler and of course knowledge is also important but I don't imagine that it is more needed than trust in investing in Bitcoin.

I don't know how to you got the idea of investing in Bitcoin with a large amount of money and expect huge profits because you sound like someone who will scare away beginners and people who has little amount to start with because they will feel that investing in Bitcoin requires huge amount of money which is not true, anyone can start making investments with a disposable income they have and not necessarily a huge amount of money.

And for the way we will do it I think everyone will have a different path for the same goal, for example a strategy to collect Bitcoin or choose the right time to enter/buy Bitcoin.

I don't really understand what you are saying here but definitely everyone has different investments targets so it depends what and how each individuals want to go about their investments and the strategy they find suitable for them.

[avp2306]

In Bitcoin I think it's easy, just invest in the long term with a large amount then it is very likely that you will get a big profit, I think we can make it simpler and of course knowledge is also important but I don't imagine that it is more needed than trust in investing in Bitcoin.

I don't know how to you got the idea of investing in Bitcoin with a large amount of money and expect huge profits because you sound like someone who will scare away beginners and people who has little amount to start with because they will feel that investing in Bitcoin requires huge amount of money which is not true, anyone can start making investments with a disposable income they have and not necessarily a huge amount of money.

That's another wrong misconception of people since they falsely think about that you need to put huge money instantly before you get huge profit for your investment done with bitcoin. That word just invest large will create confusion to people and maybe they might get discourage then think about bitcoin is for rich dude since they can't afford to invest since it needs huge amount of money. That's why it need to be corrected and any amount will do so that we could create or do friendly approach and motivate lots of people to invest bitcoin with long term.

Instead thinking about profits they should focus to build their portfolio, since its good to take care their accumulation rather than imagining their profits to take which is for now we can't really get the exact figure. So much better to pay attention on more important things rather than paying attention on nuisance which destroy their focus or attention.

[Sexylizzy2813]

Wasn't expecting the price of Bitcoin to get back up to $60k too fast in this very month, was expecting to see it still at $55k to $58k and it has been like that ($60k) for sometime now and with this movement in the market price I believe $65k might be the last stop before we end this month, because I some how feel it will get past $65k then later fall back to $65k. Those who feels this isn't the right time to accumulate is making a mistake, they should start now and wait for Bitcoin price to start making a positive move because September is going to be a lot more better than this very month in terms of how high the price will be. Starting with the little you have now can be productive in few weeks to come, is best to do the needful and standby.

[rachael9385]

Then concerning your next paragraph, yes it's true that DCA accumulating strategy offers the same opportunity to acquire and own a very huge amount of Bitcoin, but it's not a day job, it might even take an average salary earner 10years to acquire up to 100BTC, some might not be able to acquire such number of it due to poor salary, but that isn't a problem too me, the most important thing is continuity, as long as you keeps on buying without tempering with the ones you have already, with time, you will surely get there as long as you keeps on buying.

Well, let's just say that accumulating up to 100 BTC is basically based on how much you are being paid at the end of the month.
Let's start with $20,000k per month as the salary that you received during the end of the month. So if you are receiving this kind of salary every month in a year you can have up to 1+ BTC. (Even if the person ended up saving 1 BTC it shows that it is a good start)
Receive $20,000 per month and you DCAed with $7,000 every month in a year you will have nothing less than $84,000k and if you maintain your DCAing pattern, there is a possibility that you can get up to 15 BTC in 10 years.

There could be circumstances that someone earning $20k per month could invest more than $16k per month into bitcoin.. or let's say $4k per week, which would be $208k per year, which would be $2,080,000 over 10 years.
That is a pretty large investment...so yeah maybe they might have had been able to accumulate 15-20 BTC over 10 years... not easy to know how many BTC they might be able to accumulate with that level of income.

Absolutely.
Actually, investing $4k per week is even more better than investing $7,000k per month as I said earlier. And for someone that is receiving $20k monthly to invest $4k per week, he also have more advantage to meet up 20 or more BTC in 10 years. However, 10 years is much of a year and from what you said, $4,000k per week multiply by four (month) is 16, then $208,000k per year multiply by 10 years is $2,080,000 million, so if it's divided by the current price of BTC which is $61,000k it's 34.098BTC. And since it's a 10 years investment, there might be some years when the investor will invest more than 16k per month.