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Author Topic: Suggest Practical Ways Someone Could Own One Bitcoin Starting from Zero in 2024  (Read 205 times)
Lucius
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Today at 09:15:02 AM
 #21

~snip~
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?


As far as I can see, you have a problem already at the start, because obviously at this moment you cannot control yourself, which would mean that even trying to achieve your goal will be unsuccessful. Therefore, I suggest that you first learn how to control yourself, and when it comes to self-control, you have countless tips online.

As for how to buy and how much, as far as I can see you are writing, and maybe you have some other skills that you can offer in exchange for BTC - if you also have a regular job, just set aside a certain amount from all this on a weekly or monthly basis and buy BTC. However, I would advise you not to set such a high goal to begin with - start with reaching 0.01 BTC, and then gradually increase it. That way, you have a much higher chance of reaching your goal one day.

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Today at 01:04:26 PM
 #22

First, how much is your weekly or monthly salary? knowing your monthly earning or your earnings per annum is what can be used to determine the length years it will take you to accumulate one Bitcoin. With the current price of Bitcoin at $62k+,  if you are earning about $2k per month and you are allocating $1500 into Bitcoin on a monthly basis, it will take you 3 and half year to be able to accumulate one Bitcoin and that if the price remain at $62k but you know its not possible. The price will definitely be volatile within those years.  If you want to accumulate one Bitcoin quickly, that means you need a job that is paying you a huge amount monthly (about $15k per month).

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Today at 01:50:15 PM
 #23

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?
One big way you could do so is by starting your journey in this forum itself. Now while some people may frown upon this method, given the fact that they see this forum as a sacred place of worship for bitcoin and not as a board of discussion where thoughts and ideas as well as opinions can be shared. But I digress. Grow your account up to at least Senior Member, and look for good paying campaigns in here that pay directly in bitcoin. It's gonna take you a long while before you could really own a whole bitcoin, but at the end of the day if you keep at it and you held your coins, you're going to somehow earn a whole bitcoin.

Another would be trading, and then converting your trade wins/profits into BTC. This is far more efficient in putting you at that 1 bitcoin goal but as you guessed it there are risks involved in this method. If you're not versed at trading in the first place this isn't for you, cause all that's gonna happen is you'll lose money with nothing to put into your bitcoin savings wallet.

Lastly, mining. I would highly suggest you get a second-hand ASIC miner as those are pretty efficient, and are way cheaper than buying an unopened untampered one from the get-go. Profitability is highly dependent on your end as this thing's gonna eat up at your electricity bill, so you gotta find that right balance.

These are just some of the methods you could do. There's a bunch more but honestly speaking, these are the most well-known and most efficient, which is why they are at the forefront of my suggestions.

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Today at 02:03:44 PM
 #24

How many do I need to buy monthly?

If the market is going dip then it is better for you to adopt the patter of DCA to accumulate your bitcoin because you may experience an extended bear market for a while before it started pumping again, if not, try to buy at once when you realized we are already on dip and could no longer go more bearish than bullish move, all these could be easier to predict if you can speculate well on the market performance and chart.

How long before I achieve the one BTC target?
How do I stop myself from selling before the 1 BTC mark?

Everything you will need to do here will require patience and time from you, i don't think with the kind of investment you're targeting, you don't have to rush on making an investment if the plan is long except if you're making a quick entry to seize the opportunity for the bear market.

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Today at 05:37:59 PM
 #25

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

How many do I need to buy monthly?

If you earn $10k per month then you can buy one whole Bitcoin within 6 months if it's price remains at average of $60k but if it goes over $80k then you may need 8 months.

It depends on someone's earnings, if someone earns a lot of money or already have a lot of money then he/she can buy a Bitcoin within few hours.

The best way so far is to follow the DCA strategy if you don't earn $10k per month. Invest 10% to 30% of your income per month to Bitcoin accumulation and hold the accumulated Bitcoin.

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Today at 05:45:46 PM
 #26

How many do I need to buy monthly?
One divided by six. A 6 year old can do this math.

Yea . . . if Bitcoins price stayed static, but it doesnt!

If we put a timeframe of 6 months in order to achieve this goal and ask the question
where will Bitcoins price be then? Also just consider in the last 24 hours tha price has
increased by about $8k, so in 6 months Bitcoin could be anywhere between $70k
and $100k

The OP needs to ask himself/herself if they would be able to save $70k over
the course of lets say 6 months, are they able to keep up with the Bitcoin market?

R


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