it's now ten times harder

[retreat]

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.

[Hispo]

idk if i totally agree that small money is useless because it still beats having your cash rot in a bank account at two percent interest, sure you might not get a lambo from a twenty dollar weekly dca but you will still be way ahead of everyone else in ten years, it is all about perspective and what you consider rich

The issue is all people who believe Bitcoin and cryptocurrency is about getting rich over-night, when it is actually about protecting one's money from inflation and other external factors, like war or government censorship. Even if someone can only afford to save up to 30 bucks a month in Bitcoin then it is perfectly okey, people need to start from somewhere after all, not all people are born to rich parents.

The important thing is people start to invest whatever they can and in assets which are reliable and decentralized like Bitcoin, if they can also invest in stocks, then it is also good, but people from the developing world do not usually have access to American or European stock markets.

[melinoe]

idk if i totally agree that small money is useless because it still beats having your cash rot in a bank account at two percent interest, sure you might not get a lambo from a twenty dollar weekly dca but you will still be way ahead of everyone else in ten years, it is all about perspective and what you consider rich

Relatively speaking, the future of value sides with BTC, not with Fiat.

And it will become more and more apparent as we go in the said future.

[Livingleged]

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.

Same way some one in 2010 would have thought he’s making a mistake investing $20 in the bitcoin is the same way you’re looking at that $360. even is the appreciation might not be  as much as it did between 2010-2025, I still think it’s worth the risk and bitcoin has proofing to be the best in terms of of ROI.

The issue of assuming bitcoin didn’t appreciate should not even come up, everyone knw that bitcoin will always appreciate no matter the bearishness there will be a time that we call bull run and it will stay for a while before the price  changes direction again it keeps reoccurring again like that.

[Antona]

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.

Same way some one in 2010 would have thought he’s making a mistake investing $20 in the bitcoin is the same way you’re looking at that $360. even is the appreciation might not be  as much as it did between 2010-2025, I still think it’s worth the risk and bitcoin has proofing to be the best in terms of of ROI.

The issue of assuming bitcoin didn’t appreciate should not even come up, everyone knw that bitcoin will always appreciate no matter the bearishness there will be a time that we call bull run and it will stay for a while before the price  changes direction again it keeps reoccurring again like that.

Saying "bitcoin will always appreciate" is a bit absolute but the structural scarcity suggests long-term upward pressure. The bear/bull cycle is a feature not a bug. It washes out weak hands and resets for the next leg up ignoring that pattern is ignoring how Bitcoin has actually behaved for 15 years

[HONDACD125]

idk if i totally agree that small money is useless because it still beats having your cash rot in a bank account at two percent interest, sure you might not get a lambo from a twenty dollar weekly dca but you will still be way ahead of everyone else in ten years, it is all about perspective and what you consider rich

I can't help but agree with this, because $20 a week might look small in the present, but if someone keeps doing that for years, it will become a pretty good sum, and then if the price of Bitcoin keeps appreciating over time, the person will have good enough savings in the future, way better than keeping the money in the bank and allowing inflation to make it lose purchasing power over time. It's never a good idea to save all your money in fiat, just keep some of it for emergencies, but always try to buy assets that won't make your money lose value or purchasing power, if you don't go with Bitcoin, go with Gold.

I actually believe that those who are capable enough to DCA into Bitcoin, regardless of the amount being used, are lucky and blessed, because not everyone gets to spare some funds to be invested in Bitcoin every week or even every month, and those who can do it shouldn't leave the opportunity, even if it's only $10, even that will make a difference, because as they say, something is better than nothing, so if you don't do it thinking the amount is too small, you will regret it in the future, for sure.

[HajiBagi]

It is better for you to invest $30 per month consistently than for the money to run out without any left. The calculation is like this, if you are able to invest a larger amount, then the accumulation will also be greater (if the value continues to increase). Of course, you won't get rich with a small investment, but at least you've managed it wisely and have the potential to reap future rewards. That's better than not investing at all. I don't know how old and how much you earn now, but try to think wisely by setting aside some of your income for investment. Although it doesn't guarantee future wealth, you can be free from financial problems.

Investing in bitcoin in large amounts does not guarantee you that you will be rich, it is a normal thing to invest with any amount you can afford to lose and any amount you feel free to invest without not having any problem when holding, when it comes to bitcoin no one will advise you to invest with big or small funds, the only thing someone can do is to make you know how to invest and how you will succeed in the process of holding for a long time.

If you are capable of investing of buying monthly or weekly it is your choice to do that and not listening to anyone who trying to make you to increase the way you buy just because you want to have enough bitcoin for a certain period of time, used your DCA wisely and make sure you don’t feel pressure or affect you in the process holding for a long time.

[Lida93]

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.

Ok. What you have to understand is that bitcoin isn't a get rich fast scheme and it's basically not about making people rich in the real sense of why it was created but to make alternative for ordinary people like us to have privacy with our finances and earn some level of freedom from the stiff censorship of the centralized system. Maybe if you just hold that notable amount of funds separately in bitcoin and another same amount in fiat for 10 years, then you can understand the difference why people would prefer having their funds in bitcoin in this inflation stinging economy.

[Sammye3]

Buying Bitcoin with the wrong mindset would only do you more harm than good because even as at 2020, like you said they were still people who had such mentality like yours that it's still too late to buy Bitcoin oland people who asked questions like "how much would they make from buying Bitcoin" because of the uncertainty surrounding it.

It was never certain that Bitcoin would reach this high, they were speculations but those were not facts and here we are now, bitcoin is at $87k and counting. Not everybody as at 2020 had the money to invest in Bitcoin, not so many people had stable paying jobs or discretionary funds to invest, the mindset is what really matters not the amount you put into Bitcoin.

See buying Bitcoin as being part of a great project in the future with good potentials, the profit making aspect should not be your driving force to invest in Bitcoin. You don't make profits overnight, it takes time to build. It took Bitcoin 16 years or more to get to where it is now, it wasn't built overnight so change that mindset and invest with the right purpose.

[Findingnemo]

$30 is still a small amount even in the year 2020, you might need to go back to at least 2014 if you want to get rich with your $30 DCA strategy. And not everyone can become rich anymore, the chances are better with gambling than with bitcoin.

But assume bitcoin did 3x and your $3600 turned into 11K it's still better than keeping that $30 in bank account where it won't appreciate at all and all the value will be taken by the inflation alone.

[Ryu_Ar1]

What we sow is what we will reap as well as the investments we make in bitcoin.
It doesn't matter to try whatever amount we have to invest because it will have a rewarding result.

Bitcoin is not cheap if the benchmark is the current value with the income we have maybe to buy 1 bitcoin at once we will be very difficult even tend to be impossible but we still have many options especially when we can do DCA and continue to buy bitcoin as long as we can still afford to buy.
But on the one hand bitcoin can be said to be cheap for the current price if the benchmark is the future in the hope that its development will continue to be felt.

The level of cheap or expensive benchmarks is actually back to ourselves as long as we can still buy (regardless of how many satoshi we collect) meaning we still have the opportunity to benefit in the future.

[Bushdark]

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.

Same way some one in 2010 would have thought he’s making a mistake investing $20 in the bitcoin is the same way you’re looking at that $360. even is the appreciation might not be  as much as it did between 2010-2025, I still think it’s worth the risk and bitcoin has proofing to be the best in terms of of ROI.

The issue of assuming bitcoin didn’t appreciate should not even come up, everyone knw that bitcoin will always appreciate no matter the bearishness there will be a time that we call bull run and it will stay for a while before the price  changes direction again it keeps reoccurring again like that.

Saying "bitcoin will always appreciate" is a bit absolute but the structural scarcity suggests long-term upward pressure. The bear/bull cycle is a feature not a bug. It washes out weak hands and resets for the next leg up ignoring that pattern is ignoring how Bitcoin has actually behaved for 15 years

Is there any pattern that don't need to be ignored? Bitcoin is not like what we think it may be because the pattern that has been known for Bitcoin to follow can be changed at any point in time and it's not time to think on the old way Bitcoin has been following.
Buying Bitcoin early is one of the fortunate things that have ever happened to some people that had invested in Bitcoin many years back before Bitcoin finally becomes very popular and the price surge becomes something people are taking advantage of so that they could become rich through holding.

[whiteblue]

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.

In this context, the notion of “cheap” actually becomes more complex for me because some of those who say that it is still cheap are those who believe that in the future the price will be much higher than it is now. Let alone for the future, when we compare the price of ATH some time ago with today then we can still get bitcoin at a discounted price and it is clearly much cheaper than ATH.

In addition, most of us buy by DCA as you mentioned so this is the same as we pay in installments to get more bitcoin. If we buy directly for a unit of bitcoin then surely we will feel burdened but when we buy with DCA and consistency continues to be done then even though maybe from the beginning we have a very small capitalization like you $30 for one month but in fact this will still be very profitable in the end.

[NurseHub]

Wanting to get rich off bitcoin is something delusional in my opinion because you basically calculated what they earlier people who have been accumulating must have had in there wallets right now so you think they are just becoming rich off bitcoin, you have to also be working on yourself and not rely on bitcoin to make you rich just because you put 30$ monthly in it over ten years mean while you could build a very solid business that will guarantee better profit than that then use that to buy bitcoin had hold just in 5 years and you will realise a bigger profit than you would if you only depend on the 30$ month input  Bitcoin is not your get away gate from poverty consider it a retirement plan and not your access to financial freedom. only the rich rich can be more rich in bitcoin now.

[tread93]

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.

Find a way man. You already set your own barriers. Imagine if you talked like tbere is no limit to how much bitcoin you can accumulate! Think and dream big and dont give this sad sappy all i can afford is 30 dollars bullshit. Make that shit happen cuz. Sell shit for bitcoin, make shitty art and sell it idgaf. Stop building invisible walls in your own head and setting these limits its holding you back.

[Rustam Meraj]

Although you cannot purchase mansion with savings of 30 month even at ten times higher price, it is still much better than leaving that in bank where it will lose value every year due to inflation. When you start thinking in Satoshis instead of coins, you can realize that even your small monthly investment will provide you with share in worldwide network that cannot be printed by governments.
Bitcoin is also safe savings account that secures your buying power and offers freedom in long run even when you do not get rich quickly. After all, it is not about getting certain number of dollars, but about making sure that you will have more money in future than you had at beginning, and not seeing your savings disappear in normal bank account.