Best strategy on how to accumulate 1 whole Bitcoin.

[Chinesebaby]

I have always wanted to own some Bitcoin ever since I heard about it as the currency for the future and the best asset for investment which brings peace of mind, due to  government and Centre banks not having full control over it, but also I have also thought that if we want to achieve accumulating a whole 1 Bitcoin, then there has to be a strategy or way to do that. Which is why I thought creating this article for my follow newbies who may ever wish to someday want to own a whole 1 Bitcoin on the best strategy to accumulate 1 whole Bitcoin within a certain period of time (e.g 5yrs, 10yrs and 20yrs)


5 Years Strategy (How to accumulate 1 whole Bitcoin in 5yrs)

* To accumulate 1 whole Bitcoin in 5yrs, there are two ways to go about it, which is either you invest weekly or monthly.
*If you choose to invest weekly, then you need to know the number of weeks available in 5yrs,
* Because in 1yr, there are 52 weeks
* That means in 5yrs = 52 x 5 = 260 weeks
* That means 5yrs = 260 weeks
Hence, to know how much BTC require to invest weekly to achieve your goal = 1BTC/260wks = 0.003846 BTC
Therefore, that means in other to achieve accumulating 1 Bitcoin, you need to invest 0.003846 BTC weekly for the next 5yrs



10 Years Strategy (How to accumulate 1 whole Bitcoin in 10yrs)

*If you choose to invest weekly, then you need to know the number of weeks available in 10yrs,
* Because in 1yr, there are 52 weeks
* That means in 10yrs = 52 x 10 = 520 weeks
* That means 10yrs = 520 weeks
Hence, to know how much BTC require to invest weekly to achieve your goal = 1BTC/520wks = 0.001923 BTC
Therefore, that means in other to achieve accumulating 1 Bitcoin, you need to invest 0.001923 BTC weekly for the next 10yrs



20 Years Strategy (How to accumulate 1 whole Bitcoin in 20yrs)

*If you choose to invest weekly, then you need to know the number of weeks available in 20yrs,
* Because in 1yr, there are 52 weeks
* That means in 20yrs = 52 x 20 = 1040 weeks
* That means 20yrs = 1040 weeks
Hence, to know how much BTC require to invest weekly to achieve your goal = 1BTC/1040wks = 0.0009615 BTC
Therefore, that means in other to achieve accumulating 1 Bitcoin, you need to invest  0.0009615 BTC weekly for the next 20yrs



So what do you think? Because I think all methods can be achievable with consistency.

[NeuroticFish]

Accumulating 1 BTC is a difficult job nowadays. It means putting aside more than $100k over the time.

But the strategy should be: DCA, self custody (of course, also keeping an eye on withdrawal fees where's the case), no FOMO, no panic sell (even more, try to buy more than planned/DCA when the price goes down).
And don't put too much thought on reaching a specific amount, since you can have any amount of sats, you don't necessarily have to have an entire bitcoin. Keep in mind that many years ago there was a faucet giving out 5 BTC and now 0.1 BTC is already considered a great amount to have.

20 Years Strategy (How to accumulate 1 whole Bitcoin in 20yrs)

Since the price highly fluctuates, the long term strategies are most probably wrong (socially). I would not be at all surprised if in 10 years from now getting enough USD to buy 0.0009615 BTC every week would be impossible if you are not already rich.

[casey15]

This may look simple.on paper... But is most like going to be difficult to achieve due to the volatility and price changes that occurs... 0.003btc may be $1 today but in the next 1 yr it could be $10.. not to talk about the price in the next 4-5yrs... It will become more expensive to retain the buying consistency of a fixed amount of Bitcoin..

[sokani]

Hence, to know how much BTC require to invest weekly to achieve your goal = 1BTC/260wks = 0.003846 BTC

Hence, to know how much BTC require to invest weekly to achieve your goal = 1BTC/520wks = 0.001923 BTC

Hence, to know how much BTC require to invest weekly to achieve your goal = 1BTC/1040wks = 0.0009615 BTC

When you carried out your calculation, you forgot one vital piece of information. That the price of Bitcoin can never be static for a minute, not to talk of the next 5 years, 10 years, or 20 years. It will definitely rise. 0.003846 BTC is approximately $472 right now, and in the next 5 years, you can get that amount of Bitcoin at the same price. So your figures are wrong.

Anyone that wants to accumulate Bitcoin should do so according to their financial strength. Maybe it will give some persons a sense of fulfillment, but hodling 1BTC shouldn't be a priority.

[Chinesebaby]

Accumulating 1 BTC is a difficult job nowadays. It means putting aside more than $100k over the time.

But the strategy should be: DCA, self custody (of course, also keeping an eye on withdrawal fees where's the case), no FOMO, no panic sell (even more, try to buy more than planned/DCA when the price goes down).
And don't put too much thought on reaching a specific amount, since you can have any amount of sats, you don't necessarily have to have an entire bitcoin. Keep in mind that many years ago there was a faucet giving out 5 BTC and now 0.1 BTC is already considered a great amount to have.

Alright, thanks for your opinion and view regarding this my  proposed strategy of accumulating 1 Bitcoin, due to it's volatile nature as a digital asset, as priority should be placed on accumulating any amount of Sats we can either below or above 1 Bitcoin, depending on our financial strength.

However, I literally just can't wait to accumulate some Bitcoin before the year runs out.

[salad daging]

Accumulating 1 whole bitcoin requires strong finances and consistent determination because it takes 5-10 or even 20 years, which is not easy. This journey is full of challenges.

Accumulating BTC through DCA to the best of one's ability does not mean targeting a specific number of BTC each week, as financial conditions may not always be favorable for BTC, especially when prices can fluctuate.

Therefore, whatever amount one can invest in Bitcoin is what should be done—even if it does not reach a full 1 BTC, I will still strive to do my utmost.

[joniboini]

However, I literally just can't wait to accumulate some Bitcoin before the year runs out.

I mean, that's fine. I don't think anyone would hate it if they could own 1 Bitcoin or more. As long as you remember that being impatient can lead to reckless decisions, you should be fine planning around your ways to get that 1 Bitcoin you dreamed of. I remember reading news on how people lose their coins because they click on malicious links, get hacked, and so on. You need to think around on how to secure your sats as much as how to DCA/buy your sats to avoid problems like that. I'm sure just by reading crypto security news will get you some decent understanding on what kind of attaks you might face in the future. CMIIW.

[tabas]

I think any strategy that might work for each individual that has this plan, just do it. The price just getting more expensive as years goes by and those figures that you've mentioned for the period of targets will be more expensive. So, as early as now, if someone has a plan to accumulate more bitcoins or at least target to have 1 BTC, this is the best time to do it. Or if you are in doubt, then wait for the bear market which is likely to happen next year but we don't know on how low it will be. Because the bears doesn't become more bearish today compared circa 2018 and other past bear years.

[Claudksg]

The best strategy works in different ways buy trying.but I feel there are key things you need to consider, having on board like, financial strength having patient and your knowledge to strategize your hold.if taking a buy hold position for as long has 10 to 15years can deliver massively.but you need to have that in mind,what you are investing is not what your hopes lies on.so you can forget about the investment and patiently hold with no worries.

[BitMaxz]

The longer you accumulate 1 BTC, the more expensive it is. This won't be easy to achieve. Like others have said, BTC is volatile, and we believe it will become much more expensive in the future.
You cannot simply buy 0.003846 BTC on a weekly basis. You can afford to buy it right now, but what about the future? Unless you have a growing business, you may be able to accumulate 1BTC over 5 years, but if you only have a stable job, you may be unable to afford it in the future.

[Aanuoluwatofunmi]

The best of the strategy is to keep on accumulating by buying at every dip, just as some have already bought by the way of the market reaction that occurred yesterday, holding and reinvesting at each stage of the market fall to buy and keep on doing this repeatedly, then we may later also determine to keep on holding for a season or more to make the value rises, the more we buy the higher the value and our profits as well, maybe DCA could be the best approach to use at this.

[kotajikikox]

Therefore, that means in other to achieve accumulating 1 Bitcoin, you need to invest 0.003846 BTC weekly for the next 5yrs

I know people who earn this much a month so it’s not possible for them to be able to invest this much money weekly into bitcoin. Though this is not to put down their confidence because it is still possible but it will take longer. It’s not easy to reach that goal but if we put our minds into it, I am sure it can happen. Just make sure to buy when you can in whatever amount you can.

[aoluain]

The longer you accumulate 1 BTC, the more expensive it is. This won't be easy to achieve. Like others have said, BTC is volatile, and we believe it will become much more expensive in the future.
You cannot simply buy 0.003846 BTC on a weekly basis. You can afford to buy it right now, but what about the future? Unless you have a growing business, you may be able to accumulate 1BTC over 5 years, but if you only have a stable job, you may be unable to afford it in the future.

Indeed - trying to accumulate Bitcoin in the long term with a set amount strategy
wont work because the price keeps increasing. It would work if the price was static.

The problem for a lot of people is indeed that Bitcoins price can make accumulating
1 Bitcoin impossible.

I dont know if there is a "best strategy" but if you want to get as much Bitcoin
today or tomorrow there are 2 options that I xan think of:

1. sell everything you own that is nit "essential" to your living.

2. Take a FIAT loan based on the amount you think you want to use to buy Bitcoin
per month. That means you are "pre-buying" your Bitcoin now instead of every
month for 5 years. (so you pay back the FIAT which is devaluing after buying Bitcoin
which is going in the opposite direction)

Of course this is a general concept, everyone will have to work out their own
costs to see if they can afford to pay back a loan over a certain time frame.

[Y3shot]

There is nothing that is impossible when you have money. If you are financially buoyant, there is nothing difficult for you to accumulate 1 BTC, and this can only be possible if you are rich.

You can meet up by accumulating Bitcoin consistently, but for those who are low earners, even those who may be earning well, accumulating 1 BTC is a lot of work because trying to meet the price of Bitcoin will keep increasing, as Bitcoin is volatile. The best strategy to accumulate 1 Bitcoin is to just have a lot of money.

[Alphakilo]

Let me tell you this; if you think to follow any strict consistent plan like any of the aforementioned by our OP, it would lead to undue pressure and high BP.

The best bet to follow a consistent plan is to actually know exactly how much fraction of amount you intend to invest in a regular basis for a long duration, with 1btc target in mind, am sure being rich or being poor will have nothing to do with the end result as long as there's a source of income and a devoted mindset.

What matters when a DCA strategy like our OP"s calculation is in play is that of consistency, honesty and the willingness to see it through to the end.

[uneng]

Best strategy is by raising your fiat income, so you will have more money to purchase Bitcoin in a frequent basis. On this matter, the best method for each person will vary a lot, because there are many factors to be taken into consideration (educational background, country, economy, personality, fixed expenses...).

I would say that displaying a good mood and will to fulfill that 1 BTC goal is the first step in every cases. Once you develop the right mindset, you will start drawing plans and strategies which fit your local reality. The most important thing is to start from somewhere, doesn't matter how low you think it to be.

[Obim34]

So what do you think? Because I think all methods can be achievable with consistency.

You gotta be wealthy to approach this strategy, accumulating Bitcoin even for 20 years planning will be very challenging considering income level, expenses, economic inflation and growth of Bitcoin over the next 20 years that you plan to complete the accumulation. Realistically if you can't accumulate 1 Bitcoin under one cycle, it will be challenging completing it inside another cycle due to increase in Bitcoin value.

[Agbamoni]

I was bout saying the exact same thing casey15 said in his first sentence. So ill just add to it.

It is easier said than done. For this to be attainable you have to find a good paying job which is very difficult to find these days. But you can get a good skill that pays you high and in crypto. After doing that, you can have business, just make sure you have multiple streams of income. Where you can allocate all your profit from one into Bitcoin.

[suzanne5223]

I have always wanted to own some Bitcoin ever since I heard about it as the currency for the future and the best asset for investment which brings peace of mind, due to  government and Centre banks not having full control over it, but also
 I have also thought that if we want to achieve accumulating a whole 1 Bitcoin, then there has to be a strategy or way to do that.

No matter the strategy you may come up with in accumulating a whole Bitcoin, the number 1 strategy to make it happen, no matter the class of investor you fall into, is having the discretionary fund to execute the weekly DCA you provided, and the discipline to never stop doing it at some point until you achieve it.

A lot of people have to make mathematical calculations to achieve a whole Bitcoin holder but fail to do so along the road due to a lack of discretionary funds, and the discipline to never give up when accumulating the BTC fraction every week.

[bitbollo]

All of these methods are just a math count.
Yes, you have divided the amount of btc and the amount of weeks needed. I don't see nothing really valuable.
The best strategy in my opinion is just to optimize the cash flow - earnings and expenses. It's useless to make counts with money that you don't have...or you will never reach.
Plus I would try to count also a constant increment of the btc value... I don't think that prices will be the same after 3-4 halvings from now.