Suggest Practical Ways Someone Could Own One Bitcoin Starting from Zero in 2024

[ContentWriter]

I've sold all the BTC I own, but what the German government did got me thinking. Selling 49,858.7 BTC at an average price of about $58,480 and generating $2.915 billion is no mean feat. It means that a focused individual with the right strategy in 2024 can own one of those 50k bitcoins. If I want to own just one BTC, suggest the best strategy to do it.

How many do I need to buy monthly?
How long before I achieve the one BTC target?
How do I stop myself from selling before the 1 BTC mark?

[Knight Hider]

How many do I need to buy monthly?

One divided by six. A 6 year old can do this math.

[BlackHatCoiner]

The most practical way to acquire 1 bitcoin in 2024 is to work your ass off for several years and consistently allocate a significant portion of your income to DCA every month. With discipline and good finances, you have a good chance.

Start soon. Based on the price history, delaying it may limit you to strive for a fraction of a bitcoin.

[Rruchi man]

How do I stop myself from selling before the 1 BTC mark?

Develop your discipline, because discipline is something that will aid you in not succumbing each time to the temptation to spend.

Another thing is to seek other sources of income so you can have enough to sort out your needs. With other sources of income, you can comfortably HODL.

[Stalker22]

~

Your questions are a bit puzzling.  Bitcoin has roughly $25 billion in daily trading activity.  This translates to around 450,000 bitcoins exchanging hands daily, excluding over-the-counter deals. 

You seem to be under the illusion that owning a single Bitcoin is some sort of monumental achievement.  It is not. The market is liquid enough for anyone with consistent income to accumulate Bitcoin over time.

But, no need to stress about owning a full coin.  Just consistently put whatever you can afford to invest towards building your Bitcoin position and  that pragmatic approach is way more realistic and less stressful than worrying about whole coin targets.

[Die_empty]

How many do I need to buy monthly?
How long before I achieve the one BTC target?
How do I stop myself from selling before the 1 BTC mark?

It will all depend on your income, expenses, and your ability to save. I don't know how much you earn and spend so it will be difficult to ascertain your ability to buy one Bitcoin per month. But it will be better to buy using DCA because it will enable you to purchase it based on your ability.

How do I stop myself from selling before the 1 BTC mark?

Cut your expenses and ensure you have an emergency fund. Reducing how much you spend on things that you don't really need is important for savings. And planning for uncertainties by having emergency funds will also help you not to sell your coin prematurely.

[Amphenomenon]

How many do I need to buy monthly?
How long before I achieve the one BTC target?

This is up to you but it can take a long time to accomplish depending on how much you buy monthly, also its important not to put all your funds in bitcoin or any other investment in order not to take from your investment when is not time to take profit, spend your time in WO or any other thread in this board: https://bitcointalk.org/index.php?board=57.0
It will be much easier to create an efficient investment strategy for your goal.

How do I stop myself from selling before the 1 BTC mark?

This is where self discipline comes in to meet your target goal.

[Davidvictorson]

How do I stop myself from selling before the 1 BTC mark?

Stop yourself from selling by not always checking the wallet. Once you have calculated the number of Bitcoins you need to buy monthly to reach your 1 Bitcoin goal, take your eyes off your wallet balance and work assiduously to get in that number of Bitcoin in the wallet every month. Secondly if you feel you need to share this goal with someone (very trustworthy) so that they can hold you accountable, then go ahead and do it. However, if you feel your safety will be jeopardize, then don't. If there is a way to lock the goal in the wallet so that you can get any of it out until you reach 1 Bitcoin, then do it

[cryptosize]

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[Stalker22]

OnlyFans

An excellent idea! Thank you. 

[thecodebear]

I've sold all the BTC I own, but what the German government did got me thinking. Selling 49,858.7 BTC at an average price of about $58,480 and generating $2.915 billion is no mean feat. It means that a focused individual with the right strategy in 2024 can own one of those 50k bitcoins. If I want to own just one BTC, suggest the best strategy to do it.

How many do I need to buy monthly?
How long before I achieve the one BTC target?
How do I stop myself from selling before the 1 BTC mark?

1. DCA with weekly buys or whenever you get your paycheck.
2. Keep doing this until you hit 1 btc.



How do you stop yourself from selling?? Uhhh why would you even be attempted to sell before you reach 1 btc when you say your goal is 1 btc? That doesn't make any sense.
Just DCA continuously over the years. If 1 BTC is your goal and you are going to stick to that as your goal then keep saving until you hit 1 btc. Keep saving beyond 1 btc if you want, there is really no reason to ever stop saving money as long as you have income to save. But also you can spend your bitcoin whenever you have something you want to spend it on. Personally I find retirement is the best thing to save your bitcoin for, but it could also be a house, or smaller stuff along the way. Saving for retirement is a great way to do it because then you have no reason to sell any until you are retired, at which point you can start living off your bitcoin.

[uneng]

It depends on your monthly income. If you have a high paying job you will collect enough money to acquire one Bitcoin quite fast... What you can do to maximize the productivity of your Bitcoin purchases is to decrease your expenses, so there will be more money left to buy Bitcoin every month, allowing you to fulfill your goal faster.

Nobody can assure you how long it's going to take, though. The price of Bitcoin is constantly changing, and if there is a huge pump soon, it will take longer for you to reach the 1 BTC mark. The advice is that you should start buying as soon as possible, as much as you can, while keeping it stored inside a hardware wallet (Ledger or Trezor).

[mirakal]

The most practical way to acquire 1 bitcoin in 2024 is to work your ass off for several years and consistently allocate a significant portion of your income to DCA every month. With discipline and good finances, you have a good chance.

Start soon. Based on the price history, delaying it may limit you to strive for a fraction of a bitcoin.

Invest in bitcoin to the highest level, in terms of your attitude and in your eagerness to sustain your investment goal. DCA can help a lot with a lot of discipline and good decision making. If you can DCA regularly, regardless of the amount, I’m sure your bitcoin accumulation journey will be more visible and possible starting this  year. Also, patience is the greatest virtue in crypto. If you can’t be patient all along, you will never be fit for bitcoin.

[LDL]

I've sold all the BTC I own, but what the German government did got me thinking. Selling 49,858.7 BTC at an average price of about $58,480 and generating $2.915 billion is no mean feat. It means that a focused individual with the right strategy in 2024 can own one of those 50k bitcoins. If I want to own just one BTC, suggest the best strategy to do it.

How many do I need to buy monthly?
How long before I achieve the one BTC target?
How do I stop myself from selling before the 1 BTC mark?

If you have a plan and enough money to invest, you can buy a bitcoin and hold it for a long time. But in this case you have to invest monthly or weekly, you can invest in Dollar Cost Average DCA method by understanding the market conditions. You are never going to buy your bitcoins all at once. You will monitor the market daily and invest when the market becomes suitable for investing. Since you plan to hold for long term, you need to be patient and invest slowly in a planned manner.

No one can control you but you, selling the investment before you reach the one bitcoin mark. If you feel that you should sell your investment, no one is going to suggest to you that you can sell your investment. It will depend entirely on you because your needs or wants will not depend on any other person.

[Fivestar4everMVP]

I've sold all the BTC I own, but what the German government did got me thinking. Selling 49,858.7 BTC at an average price of about $58,480 and generating $2.915 billion is no mean feat. It means that a focused individual with the right strategy in 2024 can own one of those 50k bitcoins. If I want to own just one BTC, suggest the best strategy to do it.

How many do I need to buy monthly?
How long before I achieve the one BTC target?
How do I stop myself from selling before the 1 BTC mark?

Lol, all the questions you asked are questions you can ask and answer yourself, because only you and you alone can give yourself the right answers to this question, likewise, if I am interested in this same course, and have this same question, only me alone can give myself the right answers that suits me.

For example, the first question says "how many Satoshies (perhaps) do I need to buy every month?" to achieve 1 full bitcoin?
There are certain factors that will and should determine the right answers to this question, and answers are gonna differ for different persons, based on their individual level of income, and for how long they are willing to wait to achieve that...

A person of my kind would want one full bitcoin today, but if I am gonna have to buy sats, then I shouldnt do it every day for more than a month without achieving my desired result.
And this, I believe can differ for other persons.

[AmoreJaz]

It depends on your monthly income. If you have a high paying job you will collect enough money to acquire one Bitcoin quite fast... What you can do to maximize the productivity of your Bitcoin purchases is to decrease your expenses, so there will be more money left to buy Bitcoin every month, allowing you to fulfill your goal faster.

Nobody can assure you how long it's going to take, though. The price of Bitcoin is constantly changing, and if there is a huge pump soon, it will take longer for you to reach the 1 BTC mark. The advice is that you should start buying as soon as possible, as much as you can, while keeping it stored inside a hardware wallet (Ledger or Trezor).

As the accumulation would depend on your financial capability, better not compare  yourself from others as you will only get depressed if you will hear things or read things that you can't do.

To accumulate your target amount-
> start small, don't pressure yourself buying 1 btc one time, big time; you can get few satoshis at first and you will be motivated to buy more once you started your journey
> buy every time you have spare money, make sure it is not your money for emergency purposes, as much as possible it is your extra extra money
> store it in a secure wallet where you have full control of it, there are so many threads here how to get this done
> look for side jobs, in that way, you can buy more if the opportunity comes knocking at your door like when the price goes down a lil bit

[wxa7115]

I've sold all the BTC I own, but what the German government did got me thinking. Selling 49,858.7 BTC at an average price of about $58,480 and generating $2.915 billion is no mean feat. It means that a focused individual with the right strategy in 2024 can own one of those 50k bitcoins. If I want to own just one BTC, suggest the best strategy to do it.

How many do I need to buy monthly?
How long before I achieve the one BTC target?
How do I stop myself from selling before the 1 BTC mark?

I do not really understand what you mean by practical ways to do this, the only way it exist to accumulate bitcoin is to save any money you can and then invest it, and how long this process will take will be entirely dependent on the amount you can save each month.

Now when it comes to stopping yourself from selling prematurely, you can only achieve this if you are convinced about the technology behind bitcoin, if you are not, then it is only a matter of time until you sell your coins and probably you will do so for a loss.

[hd49728]

If I want to own just one BTC, suggest the best strategy to do it.

To have 1 BTC, you must have enough money to buy 1 BTC, it's simple. You can estimate your needed capital to achieve it. I say estimation because price of 1 bitcoin will change with time, it might be lower or higher than today price.

How many do I need to buy monthly?

You can purchase 1 BTC today, with 1 buy order, if you have enough money. If you don't have enough money, you need to purchase bitcoin gradually with time. It's DCA, Dollar Cost Averaging.

You can do it on monthly base or quarterly base or yearly base. I would like to DCA on monthly basis because I can be more discipline with my saving and use part of it for DCA Bitcoin.

https://dcabtc.com/
https://costavg.com/

[Apocollapse]

Robbing a banks can a good option because you can get more than one Bitcoin in short time.

OnlyFans

@OP need to be a biological woman or good looking man, if not @OP will not able to make a good amount of money.

If @OP is an unattractive guy, I don't think it's possible to own one Bitcoin in 2024 because he need grow his muscle and hoping there's a sugar daddy want to fuck him.

[mindrust]

I've sold all the BTC I own, but what the German government did got me thinking. Selling 49,858.7 BTC at an average price of about $58,480 and generating $2.915 billion is no mean feat. It means that a focused individual with the right strategy in 2024 can own one of those 50k bitcoins. If I want to own just one BTC, suggest the best strategy to do it.

How many do I need to buy monthly?
How long before I achieve the one BTC target?
How do I stop myself from selling before the 1 BTC mark?

We can’t say anything without knowing your personal financial situation and even if we do, it still wouldn’t be appropriate to say anything.

Only you can do the math and solve that problem.

Can you save any meaningful amount after you pay your bills?

Is owning one btc really that important to you?

If that one btc will be all of your savings, is it wise to tie everything you have in one asset?

I think you should have a diversified portfolio no matter how much your monthly income is. (Assuming that you are able to save some money every month) The amount of bitcoin you have usually doesn’t have much meaning anyway. It is the percentage of btc in your portfolio which is way more important and no, 100% isn’t the answer. (Not for me anyway)