it's now ten times harder

[ancafe]

If I can DCA same $30 in 2020 it would be a more effective result, I guess the more Bitcoin gets popular the chances of getting rich goes slower, I am a listener you are free to talk senses to me I will listen. I believe right now and the more the years passes by Bitcoin becomes more harder to get you the magical number.

People talk more than they actually get started, so they focus solely on achieving wealth. They never think about developing a concept that's much easier to implement. What happens is that people always say it's too late to start. The concept I'm referring to probably doesn't need to be formulated further because it's already standard, like the application of DCA in the investment process. Let's say we take a consistent DCA approach with $30 in capital and apply this strategy for the next 10 or 15 years, we can calculate how much our investment has accumulated.

This is more effective because it provides the opportunity to build financial strength for the future. If implemented consistently and optimally, you can see increasing and measurable asset growth. The path is available and how this opportunity can be utilized well as a step towards achieving financial freedom.

[Gost ms]

Bitcoin is not cheap, YouTubers are fine-tuning it as if Bitcoin is still cheap, I grabbed my calculator and do some maths on the money I can afford to risk on Bitcoin every month, equals to $30.

This equals to $360 in 12 months and let's say I am ready to hold for 10years to this time that's $3600 in the next ten years assuming Bitcoin don't appreciate in value, but we all know that's almost impossible.

Now even if Bitcoin did a 10x in between these ten years (might never happen) I still won't be rich. This is me, this is what I can afford to even lose if worst possible happens, to my own standard way of living I can't get rich off Bitcoin, simply because what I can afford to DCA every month seems very small.

If I can DCA same $30 in 2020 it would be a more effective result, I guess the more Bitcoin gets popular the chances of getting rich goes slower, I am a listener you are free to talk senses to me I will listen. I believe right now and the more the years passes by Bitcoin becomes more harder to get you the magical number.

Bitcoin is very cheap. You may be mistaken, because the current demand for Bitcoin seems to be increasing, and the price of Bitcoin will increase even more in the future. Then it may seem that the current price of Bitcoin seems to be very low. So instead of looking at the price of Bitcoin, focus on saving Bitcoin, it will be good for you. Instead of looking at the price of Bitcoin, use your discretionary income to continue buying continuously using the DCA method and hold it for the long term.

I guess the more Bitcoin gets popular the chances of getting rich goes slower

The more popular Bitcoin becomes, the more likely it is for a person to become a Dhoni. Because Bitcoin is completely decentralized, 21 million Bitcoins can be mined, and no more than 1 Bitcoin can be mined. The more popular Bitcoin becomes, the more demand for Bitcoin will increase among everyone and the more its price will increase.

[purple_sparkles]

Bitcoin is not cheap, YouTubers are fine-tuning it as if Bitcoin is still cheap, I grabbed my calculator and do some maths on the money I can afford to risk on Bitcoin every month, equals to $30.

This equals to $360 in 12 months and let's say I am ready to hold for 10years to this time that's $3600 in the next ten years assuming Bitcoin don't appreciate in value, but we all know that's almost impossible.

Now even if Bitcoin did a 10x in between these ten years (might never happen) I still won't be rich. This is me, this is what I can afford to even lose if worst possible happens, to my own standard way of living I can't get rich off Bitcoin, simply because what I can afford to DCA every month seems very small.

If I can DCA same $30 in 2020 it would be a more effective result, I guess the more Bitcoin gets popular the chances of getting rich goes slower, I am a listener you are free to talk senses to me I will listen. I believe right now and the more the years passes by Bitcoin becomes more harder to get you the magical number.

Bitcoin is very cheap. You may be mistaken, because the current demand for Bitcoin seems to be increasing, and the price of Bitcoin will increase even more in the future. Then it may seem that the current price of Bitcoin seems to be very low. So instead of looking at the price of Bitcoin, focus on saving Bitcoin, it will be good for you. Instead of looking at the price of Bitcoin, use your discretionary income to continue buying continuously using the DCA method and hold it for the long term.

I guess the more Bitcoin gets popular the chances of getting rich goes slower

The more popular Bitcoin becomes, the more likely it is for a person to become a Dhoni. Because Bitcoin is completely decentralized, 21 million Bitcoins can be mined, and no more than 1 Bitcoin can be mined. The more popular Bitcoin becomes, the more demand for Bitcoin will increase among everyone and the more its price will increase.

I think that the price of bitcoin will rise, and the fact that it is widely talked about will only increase its value since the supply is limited to a specific amount, and the number of people wanting to buy it keeps growing. Because of this, it seems to me that we might face some other problems as its popularity continues to increase, namely the impossibility of buying it, since the largest companies and governments could simply buy up the majority, and bitcoin would circulate mostly among them, making it difficult for ordinary users to get any. Additionally, different laws could be passed that make using your bitcoin holdings as complicated as possible, forcing small holders to sell. Bitcoin could simply be extracted en masse through various manipulations from people. Therefore, while it is still accessible, take advantage of it, there’s no guarantee this will remain possible for long.

[The Cryptovator]

Bitcoin is not cheap, YouTubers are fine-tuning it as if Bitcoin is still cheap, I grabbed my calculator and do some maths on the money I can afford to risk on Bitcoin every month, equals to $30.

If you can't believe Bitcoin is still cheap, then likely after ten years you will say Bitcoin was cheap in 2025, and you may regret it as well. Of course you have to invest what you can afford to lose, no matter what the amount is.

Now even if Bitcoin did a 10x in between these ten years (might never happen) I still won't be rich. This is me, this is what I can afford to even lose if worst possible happens, to my own standard way of living I can't get rich off Bitcoin, simply because what I can afford to DCA every month seems very small.

Who told you Bitcoin is the quick-rich method? Bitcoin gives us an investment opportunity besides making global payments; whatever you invest, you may get a good return. But it doesn't mean it could make you rich, but if you invest bigger amounts and hold for a long time, then we can expect a good return that would turn you to be rich.

If I can DCA same $30 in 2020 it would be a more effective result, I guess the more Bitcoin gets popular the chances of getting rich goes slower, I am a listener you are free to talk senses to me I will listen. I believe right now and the more the years passes by Bitcoin becomes more harder to get you the magical number.

Following a DCA strategy means slowly you are accumulating Bitcoin and becoming a Bitcoin holder. When Bitcoin moves up, then you will have good profits. It depends on you how much you will invest per month and how long you want to hold. Outcome depends on the amount of investment and duration.

[EarnOnVictor]

Bitcoin is not cheap, YouTubers are fine-tuning it as if Bitcoin is still cheap, I grabbed my calculator and do some maths on the money I can afford to risk on Bitcoin every month, equals to $30.

This equals to $360 in 12 months and let's say I am ready to hold for 10years to this time that's $3600 in the next ten years assuming Bitcoin don't appreciate in value, but we all know that's almost impossible.

Now even if Bitcoin did a 10x in between these ten years (might never happen) I still won't be rich. This is me, this is what I can afford to even lose if worst possible happens, to my own standard way of living I can't get rich off Bitcoin, simply because what I can afford to DCA every month seems very small.

You are one of the few I know that is facing the reality of the matter, and it shows how you could think "for yourself, and by yourself." Unfortunately, most people cannot think for themselves, but rely on what people tell them. I'd iterated it here on the forum many times, Bitcoin is no more at $50, so how could people expect it to; 1. Hit $500K suddenly, or 2. Deliver a huge riches into one's pocket?

It will certainly follow the law of diminishing returns, and many theorist have foretold about this before now. It's surely happening, and the best way to make more money in Bitcoin is through "smart investing." By that, you don't buy it anyhow, but you buy it at the right time and the right price. And liquidate at the right time and price too. Then repeat the process again and again.

[Inwestour]

Bitcoin is not cheap, YouTubers are fine-tuning it as if Bitcoin is still cheap, I grabbed my calculator and do some maths on the money I can afford to risk on Bitcoin every month, equals to $30.

This equals to $360 in 12 months and let's say I am ready to hold for 10years to this time that's $3600 in the next ten years assuming Bitcoin don't appreciate in value, but we all know that's almost impossible.

Now even if Bitcoin did a 10x in between these ten years (might never happen) I still won't be rich. This is me, this is what I can afford to even lose if worst possible happens, to my own standard way of living I can't get rich off Bitcoin, simply because what I can afford to DCA every month seems very small.

If I can DCA same $30 in 2020 it would be a more effective result, I guess the more Bitcoin gets popular the chances of getting rich goes slower, I am a listener you are free to talk senses to me I will listen. I believe right now and the more the years passes by Bitcoin becomes more harder to get you the magical number.

Let us start with the amount that you can set aside for your investments. At the moment it is 30 dollars per month, but that does not mean this is the limit of your possibilities, because you can find an additional job, or find a job where you can earn more, develop your career, or use any other ways to increase your income so you can save more.

As for Bitcoin, on the one hand you are right, and it is quite possible that it will not bring the same returns as it did before, because its market capitalization is growing, and the more expensive Bitcoin becomes, the harder it is for it to double in value. However, if you want to invest in the cryptocurrency market, Bitcoin is currently the safest asset you can invest in without fearing, that you will lose all your money.
If you believe that Bitcoin is not able to bring you sufficiently high profits, then divide the money you set aside for investments into several parts. Invest one part in Bitcoin and another part in other assets that you consider more promising and capable of bringing higher returns. Later, you will be able to compare what works better for you and focus on that direction.

[Alone055]

You obviously can't get rich from a Bitcoin investment anymore, there is no doubt about that, because you could only get rich with Bitcoin if you were one of the early investors, but now that its value is already pretty high, even if it drops to $30k in the bear market, and you buy then, and then it goes to $300k in the next bull run, you will still only get a 10x return on your investment, and that will surely not make you rich, it will only get you some good profits that you probably wouldn't be able to get from another investment within the same period.

This is one of the reasons why so many people decide to invest their money into altcoins instead, because they believe that altcoins still have the potential to make them rich, because they have lower values and lower market caps, and that means more room for exponential growth, but they don't realize that even altcoins move with Bitcoin's movements, and when altcoins go up, it means Bitcoin is going up as well, and vice versa.

[aoluain]

Bitcoin is not cheap, YouTubers are fine-tuning it as if Bitcoin is still cheap, I grabbed my calculator and do some maths on the money I can afford to risk on Bitcoin every month, equals to $30.

This equals to $360 in 12 months and let's say I am ready to hold for 10years to this time that's $3600 in the next ten years assuming Bitcoin don't appreciate in value, but we all know that's almost impossible.

Now even if Bitcoin did a 10x in between these ten years (might never happen) I still won't be rich. This is me, this is what I can afford to even lose if worst possible happens, to my own standard way of living I can't get rich off Bitcoin, simply because what I can afford to DCA every month seems very small.

If I can DCA same $30 in 2020 it would be a more effective result, I guess the more Bitcoin gets popular the chances of getting rich goes slower, I am a listener you are free to talk senses to me I will listen. I believe right now and the more the years passes by Bitcoin becomes more harder to get you the magical number.

Thats definitely a "Glass half empty" way of looking at your financial situation.

See my thinking is that I put into Bitcoin all the FIAT I CANNOT afford to lose
because it I keep it as FIAT I'm losing because my government is constantly
devaluing it.

Keep your $30 per week in FIAT and in 10 years time imagine what it will buy you...

Bitcoin was never designed for us 'to get rich' it has just turned out that those in
from the early years benefitted.

[Cyber_warrior]

Bitcoin is not cheap, YouTubers are fine-tuning it as if Bitcoin is still cheap, I grabbed my calculator and do some maths on the money I can afford to risk on Bitcoin every month, equals to $30.

You don’t really understand what people saying bitcoin is cheap really mean. We all know bitcoin price is kind of high compare with the price which bitcoin was around 2020 which you used as example, people are talking base on what they believe bitcoin price will be in the future.

In the next maybe 10-20 years, people that don’t invest now will end up regretting why they didn’t invest now, because by then bitcoin price is going to massive, and thats the reason why people do say bitcoin price is still cheap. We all know bitcoin price is already high now, the current price cant be compared with bitcoin price in the last 10 years, but if you don’t invest now, you might end up regretting in the next 10-20 years.

[DiMarxist]

You don’t really understand what people saying bitcoin is cheap really mean. We all know bitcoin price is kind of high compare with the price which bitcoin was around 2020 which you used as example, people are talking base on what they believe bitcoin price will be in the future.

In the next maybe 10-20 years, people that don’t invest now will end up regretting why they didn’t invest now, because by then bitcoin price is going to massive, and thats the reason why people do say bitcoin price is still cheap. We all know bitcoin price is already high now, the current price cant be compared with bitcoin price in the last 10 years, but if you don’t invest now, you might end up regretting in the next 10-20 years.

You are right about what people usually mean when they say Bitcoin is still cheap anf they are not comparing todays price with 2010 or even 2020, they are comparing it with what they believe Bitcoin could be worth in the long term. From that perspective, “cheap” is really about future expectations, not current numbers and If someone strongly believes Bitcoin will be worth much more in 10–20 years, then todays price can look small in comparison, even if it already feels high, but then it is also important to recognize that this belief is based on conviction and about the future. Bitcoin has shown strong growth over time, but it is still volatile and uncertain.

[Cookdata]

you are late to the party if you wanted those easy 100x gains from a few bucks but btc is still the best bet for preserving wealth, the days of turning a lunch meal into a lambo are probably over for retail unless you already have a big stack, btc is maturing and that means less volatility and more steady growth like a real asset, if you think it is hard now just imagine trying to buy some in five years when it is way past six figures, just keep stacking what you can and stop looking for magical numbers lol

It's still easy to flip money with Bitcoin than to do it with other asset. Back then, you can flip $1000 to 50x with Bitcoin but now it's no longer about the return but your capital. If OP has a million dollar invested into Gold, its going to take years for that money to 2x to make $2m but you can do that with Bitcoin in a bull run, it's not an advice but this is what I have seen and Bitcoin will do again in the future, no sugarcoating or hype but not a financial advice.

If OP is looking to invest $30 and think he is going to get rich then Bitcoin isn't for him, he need to look elsewhere and make his investment. Even with the basic math's he did that he is not satisfied with the profit, he can't even make that profit from any assets unless it's another crypto coin. I bet he is aware about the rsk and the dangers of investing on Altcoins.

[coolcoinz]

Now even if Bitcoin did a 10x in between these ten years (might never happen) I still won't be rich. This is me, this is what I can afford to even lose if worst possible happens, to my own standard way of living I can't get rich off Bitcoin, simply because what I can afford to DCA every month seems very small.

If $30 is all you can invest per month, you won't be rich with or without bitcoin, that's the sad truth. $30 a month these days is literally nothing.

My neighbor spends $200 a month on cigarettes and probably double that on beer. Compare your $30 a month investment to any going rate on any stock, gold, whatever. With that kind of money all you can hope for is that one day you'll save up for a used car.

You saying you want to be rich with a $30 investment is like someone saying he hopes to build a house by laying 1 brick a day.

[PrivacyG]

It is getting increasingly more difficult to gather an entire Bitcoin for sure and Billionaires joining the Market do not help.  But if the point is to get your self Rich then you are doing things wrong in my opinion.

By purchasing Bitcoin, if it continues to do its thing like it has until now then you are overcoming Inflation, you are protected from confiscations, no Bank bails or Third Party hacks affect you, you can move as much Money as you like with no Third Party having to approve your decision et cetera.  You are still 'early' as in a LOT of people are still not even interested in Bitcoin at all.  Which makes you much earlier than them if you started now.

2020 is gone and so is that Price range of Bitcoin.  But people in 2020 were saying the same thing about previous years, that they are too late.  People in 2017 thought it was the peak and the end of it, looking back in admiration and jealousy at the people who purchased Bitcoin in 2013.  I am not saying it is guaranteed that in 2030 others will say the same thing about the people who started in 2025, but the trend really does seem to work exactly this way in a constant repetition.

[Antona]

It feels small, but you're thinking in the right timeframe 10 years, most people cant do that youre also using DCA, which is smart you might not become a millionaire, but you could build a significant safety net or down payment thats not nothing, its about relative gain not just absolute wealth.

[m2017]

Bitcoin is not cheap, YouTubers are fine-tuning it as if Bitcoin is still cheap,

The days of cheap bitcoin are gone, but you can buy part of it.

I grabbed my calculator and do some maths on the money I can afford to risk on Bitcoin every month, equals to $30.

$30 every month? I'm sure most people in developed countries can afford more.

This equals to $360 in 12 months and let's say I am ready to hold for 10years to this time that's $3600 in the next ten years assuming Bitcoin don't appreciate in value, but we all know that's almost impossible.

Now even if Bitcoin did a 10x in between these ten years (might never happen) I still won't be rich.

So, what did you expect? To become a billionaire with a monthly investment of $30? You'll get a profit equal to the amount of effort you put in ($30).

This is me, this is what I can afford to even lose if worst possible happens,

Generally speaking, it's a smart approach to invest what you're willing to lose (as many here preach).

to my own standard way of living I can't get rich off Bitcoin, simply because what I can afford to DCA every month seems very small.

It's difficult to get rich "quickly and easily" with bitcoin these days, as it was in the early days of this asset. Admittedly, this is true. But bitcoin allows you to grow your investments and protect them from inflation - in fact, these are also very powerful tools.

You just need to stop seeing bitcoin as a "magic button that turns you into a billionaire" and take a sober, rational look at bitcoin, assessing the potential of this financial asset.

If I can DCA same $30 in 2020 it would be a more effective result, I guess the more Bitcoin gets popular the chances of getting rich goes slower, I am a listener you are free to talk senses to me I will listen. I believe right now and the more the years passes by Bitcoin becomes more harder to get you the magical number.

Opportunities still remain. You just need to be able to recognize and take advantage of it. The more widespread and less risky bitcoin becomes, the more profit this asset can generate. But don't be greedy, as this asset remains a profitable investment that generates income. Do you know of a better alternative? Then let us know.

[Nahl]

DCA indeed a bit late because the price of bitcoin is not cheap anymore although you were consistent for years the value of your bitcoin won't be increase significant and i think if your target want to get rich from bitcoin there is no other way than increase your DCA amount because the trend has been change now that small amount of money won't be impact to your investment value if only focus on bitcoin and if you want to get rich from bitcoin the reality is it required a lot of money to buy bitcoin and seems this is the only way how to became an the millionare from bitcoin in the future that currently people have accept the fact that invest small money in bitcoin probably have the potention to gets profit for long term but lets forget about small money can make you rich

[shinratensei_]

That's just how investment works though, the later you invest, the smaller your money can grow. Happened to gold and stock as well.
Investing in gold now only get you half of the gold you supposed to receive in 2020. There is always an opportunity cost and the case you described is one of them.

That's why the best time to invest is now because fiat is becoming weaker and real asset becoming stronger as time passes.

[Antona]

That's just how investment works though, the later you invest, the smaller your money can grow. Happened to gold and stock as well.
Investing in gold now only get you half of the gold you supposed to receive in 2020. There is always an opportunity cost and the case you described is one of them.

That's why the best time to invest is now because fiat is becoming weaker and real asset becoming stronger as time passes.

True, but its all relative. Yeah you get less Bitcoin for your dollar than in 2020 but you might get more than you will in 2027. The "weaker fiat stronger real asset" trend is the key takeaway.
The best time is always when you finally understand the premise.

[vanesha]

It would be better to trade stocks that suit you. Slow movements are very rare in crypto; usually crypto can move 10% in a week, even for Bitcoin, which already has a very high price. If the market experiences high trading volume, upward or downward trends of more than 5% are very easy to see. However, some coins may be suitable for you if you use a DCA strategy.

[Joy_learns_crypto]

Bitcoin is not cheap, YouTubers are fine-tuning it as if Bitcoin is still cheap, I grabbed my calculator and do some maths on the money I can afford to risk on Bitcoin every month, equals to $30.

This equals to $360 in 12 months and let's say I am ready to hold for 10years to this time that's $3600 in the next ten years assuming Bitcoin don't appreciate in value, but we all know that's almost impossible.

Now even if Bitcoin did a 10x in between these ten years (might never happen) I still won't be rich. This is me, this is what I can afford to even lose if worst possible happens, to my own standard way of living I can't get rich off Bitcoin, simply because what I can afford to DCA every month seems very small.

If I can DCA same $30 in 2020 it would be a more effective result, I guess the more Bitcoin gets popular the chances of getting rich goes slower, I am a listener you are free to talk senses to me I will listen. I believe right now and the more the years passes by Bitcoin becomes more harder to get you the magical number.

You $30 in between is not as risky as not putting the $30 in bitcoin. You have done the calculations already with your calculator and with bitcoin you can’t get rich in ten years even if bitcoin 10x also you will not be able to make it become rich with anything if you put $30 every month in it so what do you have to lose, you can afford it so you should put the $30 in bitcoin and not using your calculator to calculate what 10years will be.
And in ten years you should be looking to increasing your monthly salary.