it's now ten times harder

[yudi09]

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 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.

In the next 10 years, if you can accumulate 10 BTC, you will become wealthy from the return on Bitcoin's price. Now think about how that can happen. If in the next 10 years you only have less than 1 BTC, even with a 20-fold increase, you probably won't become wealthy. It's important to understand that Bitcoin is not about how quickly or slowly you will become wealthy, but about the value that cannot be obtained with fiat currency.

Consider influencers as motivators who encourage you to keep striving. Influencers who constantly discuss crypto are unconsciously and directly encouraging you to follow their paid guidance.

[catnine1]

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.

hearing you man. back in the day $30 coulda been a life changer, now it feels like a drop in the ocean. the easy moonshots are gone.
but u gotta think different now. bitcoin's not the lottery ticket to get rich. it's the lifeboat to protect what u got. that $30 DCA is buying u sovereignty and a hedge against the system tryna devalue ur cash.
stackin' sats is a long game, not a get-rich-quick scheme. every sat counts.

[Antona]

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 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.

In the next 10 years, if you can accumulate 10 BTC, you will become wealthy from the return on Bitcoin's price. Now think about how that can happen. If in the next 10 years you only have less than 1 BTC, even with a 20-fold increase, you probably won't become wealthy. It's important to understand that Bitcoin is not about how quickly or slowly you will become wealthy, but about the value that cannot be obtained with fiat currency.

Consider influencers as motivators who encourage you to keep striving. Influencers who constantly discuss crypto are unconsciously and directly encouraging you to follow their paid guidance.

The 10 BTC goal is a tough one for most people now, but the principle is right, it's about the share of the finite asset you own, not just the price. A 20x on 0.1 BTC changes your life less than a 3x on 3 BTC the fiat value point is key it's about preserving and growing purchasing power, not just a get rich quick scheme

[KiaKia]

It's now harder to get Bitcoin than it was few years back but even as hard as it is today, it's better to have some than none, every profits is still profits, we can't call a $250 that turned into $400 a loss, because the amount appreciated from where it was, only that many won't feel satisfied as the amount seems very small.

Still, profit is profit and we can't tell what the future of Bitcoin looks like, it could be very shocking, what if by 2030 Bitcoin is already trading for $450,000 that's almost half a million, any money you invest now will still bring good profits even if the amount that you invested is very small.

You have reliability with Bitcoin, compared to other alternatives that smokes up liquidity and died prematurely almost every time, I don't see anything that's worth holding for a long term than Bitcoin.

[Versatile_choice]

I'm just like you bros, a latecomer to BTC.

Lol, you really considered starting now as late? No, you're not late. I think the price hasn't gotten to the point where we would feel that we are late. and even if it gets to that extent yet most people may not consider it as late so long as the DCA method is available, but it is better to start today instead of waiting to start tomorrow.

I'm sure you're not that stupid to choose $30 to stay $30. The point I want to make is, no matter what your BTC DCA is, investing, especially holding it, is a win for the future.

   
You're right, it doesn't matter how small our weekly or monthly purchase is, what matters is how consistent you are. $30 might look small to some people but it is better to start with smaller amount than waiting to get enough discretionary before getting started.

[Y3shot]

But at least over that 10-year period, you can build your stash, and its value may exceed your expectations. Just imagine, if you don't allocate $30 USD every month, that money might end up in junk stocks or spent on snacks that don't add anything to your life.

Don't think like "this won't make me rich", it doesn't need to be like that, but create a more positive mindset by thinking that the money you have allocated to Bitcoin so far has increased your wealth - not sitting in the bank and losing its value or just wasting it on useless things.

To those who have the real understanding will never miss the opportunity of not investing bitcoin because their is a better benefit in allocating some amount of bitcoin from time using the DCA strategy to invest. Their is no point keeping money in the bank because it is a total waste in this time fiat dont even have a stable  value. People who knows the potential of bitcoin and know what they want for the future will always make use of the opportunity.

[boyptc]

You're right, it doesn't matter how small our weekly or monthly purchase is, what matters is how consistent you are. $30 might look small to some people but it is better to start with smaller amount than waiting to get enough discretionary before getting started.

That's what they complain with for most of the times regardless of the price of Bitcoin. They tell that they only have cheap amount to DCA.

But if they will be consistent doing that for so long, they'd see the huge change in their portfolio once the market gets back at it again and becomes bullish.

With the little efforts and money they do, if they'll add it up all together. They're going to see how that little efforts of consistency turns into the biggest blessing of their lives.

[Adams0001]

To those who have the real understanding will never miss the opportunity of not investing bitcoin because their is a better benefit in allocating some amount of bitcoin from time using the DCA strategy to invest. Their is no point keeping money in the bank because it is a total waste in this time fiat dont even have a stable  value. People who knows the potential of bitcoin and know what they want for the future will always make use of the opportunity.

Some investors are just doing investment just to get profit they don't understand anything about the investment since they here about it that he gives profit you will be profitable. But when you understand Bitcoin you will get peace of mind without worries about losing your capital but if you don't understand it you will always think negative sometimes when you see the price is not moving well as how you plan it and later you will be scared to lose all your money and you will start to take actions about selling your bitcoin. Keeping money in the bank can't give you any benefits accept you invest with them, and that can't give you enough benefits as how crypto will gives. You just need to think wisely and do what will works for you better.

[Agbamoni]

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.

Most folks are missing the main point these days. If at all you want to invest in Bitcoin, the reason you should be investing in Bitcoin now should not be to get rich, but to maintain the value of what you have. Always understand that as Bitcoin keeps increasing in price, so does inflation, the monetary value of your Bitcoin will increase, but purchasing power can still be the same. Why it is very important to invest in Bitcoin because fiat savings will make you lose purchasing power over the years.

[yudi09]

In the next 10 years, if you can accumulate 10 BTC, you will become wealthy from the return on Bitcoin's price. Now think about how that can happen. If in the next 10 years you only have less than 1 BTC, even with a 20-fold increase, you probably won't become wealthy. It's important to understand that Bitcoin is not about how quickly or slowly you will become wealthy, but about the value that cannot be obtained with fiat currency.

Consider influencers as motivators who encourage you to keep striving. Influencers who constantly discuss crypto are unconsciously and directly encouraging you to follow their paid guidance.

The 10 BTC goal is a tough one for most people now, but the principle is right, it's about the share of the finite asset you own, not just the price. A 20x on 0.1 BTC changes your life less than a 3x on 3 BTC the fiat value point is key it's about preserving and growing purchasing power, not just a get rich quick scheme

First, focus on the importance of owning Bitcoin. It's not about the amount of Bitcoin. The amount of Bitcoin can be put aside.
Second, find out how the fiat money system works from year to year. Then learn how the Bitcoin system works from time to time. If you are pessimistic from the start, it will be difficult to get started.
Doing something because of knowledge is different from doing it because you're following a trend. No matter how much fiat money you earn from your efforts, if you don't invest it wisely, believe me, you won't get rich.

[red4slash]

First, focus on the importance of owning Bitcoin. It's not about the amount of Bitcoin. The amount of Bitcoin can be put aside.

Sometimes the amount of bitcoin that is always a benchmark for some people even though it should be in bitcoin depends on our ability from financial conditions but most always make the amount of what is owned as a benchmark. It does look good to reach certain targets such as 1 bitcoin or even 10 bitcoins if we are able but when we cannot get this then it would be better for us to try as much as possible that we can just collect because whatever the amount is all will benefit according to what they are preparing.

This may also refer to the conditions of profit because the more bitcoins we have, it is possible for the greater the profit to be obtained but on the one hand the weakness is seen in terms of investors because they will always force themselves as if they are maximalists even by continuing to force purchases even though their financial conditions are not well organized.

[FanEagle]

Doesn't matter if you can spend only 30 dollars. Lets make a calculation together so that you can see how it will matter a lot on the long run. I have no idea how old you are ,but I assume lets say around my age, so lets say you can do this for 30 years before you retire. Yes, you will be old and you will personally not benefit from it a whole ton since you will be rich only when you are old, but your kids will benefit from it.

At 30 dollars a month, for 30 years, with average 25% return per year, you will have 2.5 million dollars. Yeah, you heard it right, at 360 dollars a year, if you do this for 30 years, with a mere 25% return a year because that's normal in crypto, you will have 2.5 million dollars. That is as insane as it sounds but also real, go test it yourself, calculate it.

[Minor Miner]

Doesn't matter if you can spend only 30 dollars. Lets make a calculation together so that you can see how it will matter a lot on the long run. I have no idea how old you are ,but I assume lets say around my age, so lets say you can do this for 30 years before you retire. Yes, you will be old and you will personally not benefit from it a whole ton since you will be rich only when you are old, but your kids will benefit from it.

At 30 dollars a month, for 30 years, with average 25% return per year, you will have 2.5 million dollars. Yeah, you heard it right, at 360 dollars a year, if you do this for 30 years, with a mere 25% return a year because that's normal in crypto, you will have 2.5 million dollars. That is as insane as it sounds but also real, go test it yourself, calculate it.

I tried calculating it using your formula and the correct result is $2.41 million. That's a huge amount of money these days.

This is a feasible strategy, but frankly, I don't think any of us will be thinking about accumulating bitcoin within the next 30 years. Most people only plan for the next 5-10 years, and many even less. Because, frankly speaking, life today is full of difficulties and challenges. Many people are currently struggling to make ends meet, so maintaining a long-term strategy over 30 years is very difficult. Easier said than done.

Another reality is that most of us who get involved in crypto are hoping to get rich quickly, so not many people will have the patience to hold it for 30 years.

[Dogedegen]

Sometimes the amount of bitcoin that is always a benchmark for some people even though it should be in bitcoin depends on our ability from financial conditions but most always make the amount of what is owned as a benchmark. It does look good to reach certain targets such as 1 bitcoin or even 10 bitcoins if we are able but when we cannot get this then it would be better for us to try as much as possible that we can just collect because whatever the amount is all will benefit according to what they are preparing.

This may also refer to the conditions of profit because the more bitcoins we have, it is possible for the greater the profit to be obtained but on the one hand the weakness is seen in terms of investors because they will always force themselves as if they are maximalists even by continuing to force purchases even though their financial conditions are not well organized.

I think we could say that it is overall good to have different goals, ranging from very realistic to optimal. There does not need to be an unrealistic goal but for that I usually mean something with a very low chance, say if you are an average person and now you aim to have 10 000 BTC. It is not impossible but very unlikely. By having good and big goals, you are more likely to work harder and achieve more than if you aim for much lower achievements.

At 30 dollars a month, for 30 years, with average 25% return per year, you will have 2.5 million dollars. Yeah, you heard it right, at 360 dollars a year, if you do this for 30 years, with a mere 25% return a year because that's normal in crypto, you will have 2.5 million dollars. That is as insane as it sounds but also real, go test it yourself, calculate it.

Average return of 25% per year, and with that you want to assume that the return is guaranteed for 30 years in a row? Well there you have the issue, it sounds insane because it is insane. There is no chance that this would ever play out and the example can be ignored. You can't just use any numbers and then say in amazement that this could work. Anyone can make a funny example using low numbers and high returns, but that does not mean anything. The reality is that very few people are even making 10% per year on average, and they are not doing this consistently each year.

I tried calculating it using your formula and the correct result is $2.41 million. That's a huge amount of money these days.

This is a feasible strategy, but frankly, I don't think any of us will be thinking about accumulating bitcoin within the next 30 years. Most people only plan for the next 5-10 years, and many even less. Because, frankly speaking, life today is full of difficulties and challenges. Many people are currently struggling to make ends meet, so maintaining a long-term strategy over 30 years is very difficult. Easier said than done.

It is not a feasible strategy because it is based on a false assumption and unrealistic number, there was no need to check the math for the correct result at all. That it involves a single asset for this returns makes it even more ridiculous. Do you understand what kind of percentage growth we are talking about when you say 25% per year on average for 30 years straight? If I did the calculation correct to answer this question, starting with a BTC price of $100 000 the price would need to reach $80 000 000 in 30 years to have that kind of return. Bitcoin would have a market cap of $1,680,000,000,000,000, which is 1.6 quadrillion USD. Let's not continue this because it makes no sense, it seems people don't understand what these numbers mean at all.

[red4slash]

Sometimes the amount of bitcoin that is always a benchmark for some people even though it should be in bitcoin depends on our ability from financial conditions but most always make the amount of what is owned as a benchmark. It does look good to reach certain targets such as 1 bitcoin or even 10 bitcoins if we are able but when we cannot get this then it would be better for us to try as much as possible that we can just collect because whatever the amount is all will benefit according to what they are preparing.

This may also refer to the conditions of profit because the more bitcoins we have, it is possible for the greater the profit to be obtained but on the one hand the weakness is seen in terms of investors because they will always force themselves as if they are maximalists even by continuing to force purchases even though their financial conditions are not well organized.

I think we could say that it is overall good to have different goals, ranging from very realistic to optimal. There does not need to be an unrealistic goal but for that I usually mean something with a very low chance, say if you are an average person and now you aim to have 10 000 BTC. It is not impossible but very unlikely. By having good and big goals, you are more likely to work harder and achieve more than if you aim for much lower achievements.

It is not a problem to do so because after all every individual must have their own plans and benchmarks including when they are investing, but in this case the consideration that needs to be considered is when someone is not suitable for conditions that they cannot actually master in terms of management and risk then it will also not be too good to be forced.

Investment, especially in bitcoin, has risks and we already know that from the start. When we don't pay attention to this in the end what we expect as a form of profit can also backfire just because we cannot minimize the risks involved. That does not mean we should not be aggressively accumulating bitcoin but we must look at the ability to buy as a form of benchmark. Do not let us try to exceed in purchases just because we are too focused on bitcoin but our income is not able to cope with this. Investing in bitcoin is ideal for the long term and when we only focus on investing but don't think about our financial condition for the short and medium term it could be that the investment that is actually very good in bitcoin is destroyed because of our own wrong scheme.

[EFS]

It's much harder now compared to 5 years ago, but isn't that completely normal? The early-stage phase for Bitcoin is over. Still, being able to save something regularly every month is better than saving nothing at all. You may not become rich overnight, but you will have made a good start toward building wealth for yourself and your next generation. Bitcoin rewarded those who believed in it during its first 10 years, but that won't be the case throughout history. From now on, the increases will be more limited.

[ejikeme24]

It's much harder now compared to 5 years ago, but isn't that completely normal? The early-stage phase for Bitcoin is over. Still, being able to save something regularly every month is better than saving nothing at all. You may not become rich overnight, but you will have made a good start toward building wealth for yourself and your next generation. Bitcoin rewarded those who believed in it during its first 10 years, but that won't be the case throughout history. From now on, the increases will be more limited.

You're right, and that's it. It's true that the journey is harder compared to 5 years ago, moreover 5 years is such a Long time. I believe majority of the investors May not know or hear about Bitcoin back then, while most people might not have the means to invest due to lack of job Just as it is nowadays so it's a normal thing. If you're lucky that you have a stable source of income then you should keep accumulating because there are many folks out there who are still looking for a source of income to enable them get started without even considering how far the market have gone, but unfortunately they are left with no job so you that is lucky to have a well paying job should be lucky because you have all it takes to get started.

[Achalugo BTC]

To those who have the real understanding will never miss the opportunity of not investing bitcoin because their is a better benefit in allocating some amount of bitcoin from time using the DCA strategy to invest. Their is no point keeping money in the bank because it is a total waste in this time fiat dont even have a stable  value. People who knows the potential of bitcoin and know what they want for the future will always make use of the opportunity.

Its always safe and better for people to understand or get more knowledge and information about what Bitcoin is all about, because its always necessary to invest with the amount you can afford and by getting the right information will make one to do the right thing and having that cautiousness that Bitcoin has both benefits and side effects will help you to build up your hope in this journey of investing in crypto and also help you in making the right decision which will benefit you and those around you too.