Does it take us a long time to reach 1 BTC

[B-BossMan]

Even guys might not be able to achieve 1 bitcoin in 10 years or even in 20 years by investing $50 to $100 per week, $50 to $100 per week is a good amount of money for a lot of people, and $100 per week is $5,200 per year and $52k over 10 years... and perhaps a guy starting out at $100 per week today, might be able to increase the amount that he invests into bitcoin by 10% or more each year, and so if his income is stable and/or increasing, he may well still be in a good position.

Even guys who are not able to invest $50 per week of bitcoin, and they have much lower incomes, they still may well be quite a bit better off for having had invested in bitcoin rather than if they had not, especially if they can continue to invest into bitcoin in a relatively consistent kind of ways for many years into the future.

It's true that some guy might not be able to reach 1BTC, because reaching 1BTC is not an easy task especially when the purchasing is lower, it will actually be difficult for some people, despite the bitcoin grows in value, though there's nothing bad in achieving that, as such, in my own opinion I prefer guys that focusing on a specific bitcoin target than targeting 1BTC. Especially when they focus on building the habits of consistent bitcoin accumulation through Dollar-Cost Averaging over a long-term period. The most important thing is not actually whether one reaches 1BTC, but if they can continue maintaining thier consistency for long-term holdings.

However, guys shouldn't allow the thought of [ I can never own 1BTC] to discouraging them on thier regular bitcoin stacking. Consistent buying of $10 or $20 worth of bitcoin every blessing weeks is actually a meaningful holdings for some guys and keep on maintaining the discipline over several years can definitely make a huge differences. Doubling or increasing the accumulations gradually as income grows is sometimes more effective than deploying buying while waiting for the perfect time to invest. Bitcoin success is based on long term consistency. Not buy hitting 1BTC.

[Joeboy]

If we consistently buy with a Budget of $50 per week, it seems like it will take us almost 32 years to reach 1 BTC. Is that too long to reach 1 BTC? Do we need to budget more Money to reach 1 btc in our portfolio?

Well, if we Buy with a budget of $500 per week, it might only take us 3.5 years to reach 1 BTC.

I think we should calculate how long we will continue buying bitcoin and when we will enjoy it. Because if we are 30 years old, it will take us 32 years to reach 1 BTC with $50 per week. By the time we are 62, We will have 1 BTC.
Do you estimate how long You have set aside to buy bitcoin?

I recommend saving a significant portion of your money for a stock market crash. When that happens (the S&P 500 drops over 50%), you can collect BTC for about an order of magnitude cheaper than now.

The punchline seems to be that you, JaanusRaim, are failing/refusing to buy bitcoin at these prices because you believe that it is a good plan to wait for price dips that may or may not end up happening.

Even if you might get lucky in terms of future dips, you don't have a very good mindset and/or practice when it comes to bitcoin accumulation.

Tbh anyone who is still waiting for the price to drop below $60 is not serious at all.. And the more they wait the more opportunities they keep missing out on.. Is it when they are in greys that they will kickstart their investment journey or what... Tbh dips tends to happen in Bitcoin, but the exact bottom isn't what one can be able to figure out.. So if they think waiting should be their option then their chances of having a reasonable amount of sats in their portfolio will become very slim.. It would be more wiser for folks to start DCAing instead of waiting for some imaginary dip that may never ever come ..

[AYOBA]

Well, I feel you can start your bitcoin investment with any amount, and depending on your financial capacity, but calculating the number of years it will take you to get 1BTC might discourage some investors, especially those whose financial strength are low. Meanwhile, apart from purchasing bitcoin, their are other methods that one can use in boosting your bitcoin portfolio. For instance, you can decide to stake your Bitcoin, and also earning from the network reward, you can also win some BTC y participating in some context, and programes, You can equally convert any other coin in your portfolio to Bitcoin or if you have a job paying you in bitcoin, you can decide not to convert, and withdraw it, and with these strategies, your bitcoin investment can reach 1BTC sooner than you think.

Honestly if where to calculate a year’s some people’s might take to have 1BTC a lots of investors will be discouraged from accumulating a Bitcoins, because it’s not a week or month accumulation that can lead them to have 1BTC; it gonna take so many of years before achieving that goal. But those that are financially stable will be able to get it lees than one year’s, the method of staking a Bitcoin to a network rewards can be very risks to me but it can actually boosting the Bitcoin portfolio to the highest level.

[SOKO-DEKE]

Well, I feel you can start your bitcoin investment with any amount, and depending on your financial capacity, but calculating the number of years it will take you to get 1BTC might discourage some investors, especially those whose financial strength are low. Meanwhile, apart from purchasing bitcoin, their are other methods that one can use in boosting your bitcoin portfolio. For instance, you can decide to stake your Bitcoin, and also earning from the network reward, you can also win some BTC y participating in some context, and programes, You can equally convert any other coin in your portfolio to Bitcoin or if you have a job paying you in bitcoin, you can decide not to convert, and withdraw it, and with these strategies, your bitcoin investment can reach 1BTC sooner than you think.

Honestly if where to calculate a year’s some people’s might take to have 1BTC a lots of investors will be discouraged from accumulating a Bitcoins, because it’s not a week or month accumulation that can lead them to have 1BTC; it gonna take so many of years before achieving that goal. But those that are financially stable will be able to get it lees than one year’s, the method of staking a Bitcoin to a network rewards can be very risks to me but it can actually boosting the Bitcoin portfolio to the highest level.

Why would someone even calculate how many years it will take to accumulate 1 Bitcoin, or whatever amount of Bitcoin they want to accumulate, when the price doesn't remain the same and a person's source of income can also increase over time?Someone focus shouldn't be on how many years it will take to accumulate 1 Bitcoin. Instead, they should focus on consistently accumulating Bitcoin through the DCA method, regardless of how much money they currently have.

The fact is that every achievement begins with someone taking the first step despite their fears. If someone is afraid that they can't accumulate 1 Bitcoin, it will be very difficult for that person to achieve it, even if they have a reasonable amount of discretionary income. But if someone believes they can accumulate it, they will definitely try to reach that goal of owning 1 Bitcoin one day.Having a target is always one of the best ways to stay motivated. I don't see anything discouraging about setting a goal of accumulating 1 Bitcoin.

[Odusko]

Reaching 1 whole unit of Bitcoin is not something that w can give the same timeline to because your level of willingness to invest huge amount of money to buy Bitcoin at a go is definitely different from that of another person and the reason make our total Bitcoin accumulation to differs and saw goes with amount of time it takes us to reach that 1BTC target even though w both use DCA approach in accumulating our Bitcoin and started at the same time a long as we are not using same amount it won't arrive same time to achieve the 1bitcoin target.