Does it take us a long time to reach 1 BTC

[whiteblue]

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?

[Richbased]

Not everyone can accumulate up to 1 BTC in their lifetime due to the size of our income and also our discretionary income to invest with. The goal is not even to accumulate up to 1 BTC because it will be difficult for someone who is investing $50 weekly to reach 1 BTC reason being that as the price of bitcoin is increasing that is how that $50 won't worth anything and it can even take above 32 years to achieve so you will begin to check your age now and if you can even have the patience of holding all your bitcoins till that number of years has been fulfilled.

[Jegileman]

The time it’ll take to reach this amount of BTC is for those that are going to be consistently investing until they reach that amount they set for themselves. Mind you, the price of bitcoin today may not be the same in the next few years, even in most recent months to come, so it may take you longer time or shorter time to reach that target.

The DCA method remains the best approach to use in the market, not withstanding that you have a target to be reached over a speculated period of time. Not everyone targets to have 1BTC. Once they accumulate to the best they can when the market was on downturn, they just wait for the investment to grow back and hit their target set aside for take profit. They take profit and wait for another bear season to do the same thing, they don’t care about having 1BTC as long as they’re making profits.

[Ambatman]

The calculation is flawed because it assumes that Bitcoin price would be constant
And the dollar would still be similar.
$50 a week may take lesser or more
It all depends how Bitcoin performs in the coming years
But if we are still kicking well in a decade
Then the price would be something even a well to do won't be able to buy in a short time.

[Coyster]

Bitcoin is not a stablecoin, so your calculation cannot be accurate, you have to consider the fact that bitcoin price would also rise and fall within this slated period. 1 bitcoin is 1 bitcoin, but its value in dollar is volatile. That said, what's the obsession with "1 bitcoin", just accumulate at your own pace and don't forget to spend some when you can, because bitcoin is also a currency. It does you no good to be fixated on how long it would take you to acquire 1 bitcoin, particularly when you are not a high earner in real life.

[whiteblue]

Thank you for your response. I read all your posts, which provide valuable feedback.

However, In my opinion, I'm measuring the current price with an estimated investment value of $50, and it's true that it will take a long time to reach 1 BTC, especially if the price rises further, it might take even longer.

advice from friends is certainly sound, as investing isn't about measuring or targeting 1 BTC by simply buying regularly. But I think if we don't have a target, our investment won't be consistent, isn't that right?

Here, I think we should also buy more aggressively, as this can accelerate our Bitcoin accumulation target. For example, it takes 32 years to reach 1 BTC, but with Aggressive steps, we can shave off a few more years, perhaps even five years.

[philipma1957]

well why must you get to 1 btc?

0.1 btc is enough if btc is to continue to do well it would hit much higher.

than the 126k it hit.

0.1 x 126,000=12,600  which is not that much

but 0.1 x 2,500,000=250,000  which is pretty good.

If you can only afford 50 a week or 2600 a year than that is all you can

do.

[Karl_3000]

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?

It will take more than this year before reaching 1 BTC but probably $500 will give better result but it will also take more than the time you calculated for it before reaching 1 BTC. This is because bitcoin is not stagnant and its value and price will increase. Who know if bitcoin would have gotten to $200,0000 in the next 3 years, while getting to over $2.5 million in the next 30 years.

[Coyster]

Here, I think we should also buy more aggressively, as this can accelerate our Bitcoin accumulation target. For example, it takes 32 years to reach 1 BTC, but with Aggressive steps, we can shave off a few more years, perhaps even five years.

You cannot do more than what you can afford. You are not going to take funds off other important things and channel them to bitcoin accumulation, that is not being "aggressive", it is unwise. You'd accumulate based on what you can afford, while still maintaining a decent life, for example, you don't cut your groceries in half, because you want to use the money to buy bitcoin.

But I think if we don't have a target, our investment won't be consistent, isn't that right?

You can set a target of how much you'd spend on bitcoin at specified intervals, and be consistent in doing it. But there is no need trying to set a target of how much bitcoin you'd eventually stack up, hard to get that one right.

[GreatArkansas]

(....)
Then the price would be something even a well to do won't be able to buy in a short time.

For me now, because not most of the time I have extra money, even how small, it is and price of Bitcoin is not always the same, as it's volatile too.
So for me, I buy whenever I want and whatever amount I can afford or want. Since everyone can hold even less than 1 Bitcoin, so for me, does will not matter.

[Sammysmart001]

Here, I think we should also buy more aggressively, as this can accelerate our Bitcoin accumulation target. For example, it takes 32 years to reach 1 BTC, but with Aggressive steps, we can shave off a few more years, perhaps even five years.

You cannot do more than what you can afford. You are not going to take funds off other important things and channel them to bitcoin accumulation, that is not being "aggressive", it is unwise. You'd accumulate based on what you can afford, while still maintaining a decent life, for example, you don't cut your groceries in half, because you want to use the money to buy bitcoin.

But I think if we don't have a target, our investment won't be consistent, isn't that right?

You can set a target of how much you'd spend on bitcoin at specified intervals, and be consistent in doing it. But there is no need trying to set a target of how much bitcoin you'd eventually stack up, hard to get that one right.

@Coyster always nailing it differently.
Mostly allot of us are getting it wrong/confuse behavioral with rash. Like as OP has said it that we should cut years by buying aggressively, but if anyway one uses his school fee to do it will be a big problem. And also the example which u give about the groceries is really nice well entered.

Currently Here, earning the sum of $50 weekly is someone’s a month salary earn. So if some one is now forcing himself on $500 weekly and he/she is can’t keep up to it, you see source person will end up selling out when his in need and dont have an option.

No doubt about setting up a weekly target than saying this the amount of Bitcoin I want to get. Like u also have said earlier price aren’t stable because today it might be up and tomorrow down .

Thanks for this open Up. This is were DCA comes in , we should do well and cut our cloth to our size not to the size we can’t pedict

[Bd officer]

Actually this calculation is not correct because Bitcoin is not stable, Bitcoin is volatile so the price will increase and decrease over time. As far as I know, there are more than 8 billion people in the world, so if even 0.5% of people plan to buy Bitcoin, will everyone be able to buy 1 Bitcoin? Of course not. And buying 1 Bitcoin is not mandatory, rather you should try to buy according to your ability. Also, is everyone able to invest $500 a week? Which is not possible for everyone. Personally, I have not made any such calculation, I try to buy according to my ability, 0.1 BTC will be enough for me.

[MarjorieZimmermanGinger]

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?

Not everyone can reach one Bitcoin at a certain age, but everyone has the opportunity to acquire one by creating a consistent plan. There's one thing we can apply and it's not about owning one Bitcoin, but rather about consistently buying it. This way, one will be more relaxed and less burdened. If you want to achieve it faster, you need to find additional sources of income so you can buy larger amounts of Bitcoin, or you can implement a DCA strategy for regular accumulation.

I don't really care when I reach one Bitcoin, but I always think about how to consistently buy, even if it's in small amounts and a little slower than most others. It is better to buy bitcoin consistently at $30-$50 than to buy in larger amounts but inconsistently and unsustainably.

[cocadalcan]

I don't think it's very relevant to deposit 1 BTC. I think there's a time frame of 4-10 years where I can deposit Bitcoin regularly without any interruptions. You don't mention how much 1 BTC is worth over the period you mentioned. Accumulating Bitcoin regularly during periods of price fluctuations and adjusting the number of purchases will give you an average value mathematically. Instead of buying the same fraction of Bitcoin every week, you'll be aggressively accumulating additional funds.

[Swordsoffreedom]

Here, I think we should also buy more aggressively, as this can accelerate our Bitcoin accumulation target. For example, it takes 32 years to reach 1 BTC, but with Aggressive steps, we can shave off a few more years, perhaps even five years.

Everyone want this, owning 1 BTC or more is always the dream of every retail investor. However, not everyone has the capital and patience to achieve that. Life still has many thing to care about and worry about, not just revolving around investing in Bitcoin.

The purpose of investing in Bitcoin is to increase wealth and improve one's life. Therefore, we should invest according to our financial capabilities, and everyone has different goal. You do not necessarily have to reach 1 BTC or pursue that goal just because others are doing it.

[Livingleged]

well why must you get to 1 btc?

0.1 btc is enough if btc is to continue to do well it would hit much higher.

than the 126k it hit.

0.1 x 126,000=12,600  which is not that much

but 0.1 x 2,500,000=250,000  which is pretty good.

If you can only afford 50 a week or 2600 a year than that is all you can

do.

Valid expression, for those who might not understand this mathematical expression illustrated here! Let me give a brief  explanation. He’s saying one must not necessarily need to have 1bitcoin to make it big, if bitcoin continues to do well acquiring 0.1btc should be enough. For example When the bitcoin is worth $2,500,000, the 0.1btc will be equivalent to $250,000. thats not a small amount because it’s even worth more than the current ATH which is $126k.
I think I really agree with that too but I still fear inflation who knows what the purchasing power of $2,500,000 will be at that time? I’m a bit apprehensive it might not worth much for bitcoin to have gotten to $2,500,000.

[JeffBrad12]

1 BTC is too far fetched, you should chase lower amount if you could only save aside $50 a week or you don't chase any amount and just invest it for DCA hoping it will grow in the future.
There's no point chasing 1 BTC anyway as an investor, any amount will work but if you can do 1 BTC that's good.

Try to save aside more money to chase that 1 BTC otherwise just accumulate it with DCA, your money will grow regardless if you are consistent.
This could motivate you to hustle more.

[Juicyhome]

The calculation is flawed because it assumes that Bitcoin price would be constant
And the dollar would still be similar.
$50 a week may take lesser or more
It all depends how Bitcoin performs in the coming years
But if we are still kicking well in a decade
Then the price would be something even a well to do won't be able to buy in a short time.

We learn from the known to the unknown, he has to calculate base on the current reality and price since tomorrow price is unknown to him, that's how we budget, you don't budget on price that you're not sure of, you start form the current price and make your plan, he's not out of place using the current price and dollar rate.

Having 1btc is not a do or die affair, because it's not a benchmark for Bitcoin investment many people has it already and even more, you don't have to put yourself under much pressure to accumulate 1 Bitcoin,buy at your level without struggle, the rich buy one Bitcoin because they have the money to buy it, if you're struggling buy within your pocket, the most important thing is to hodl for long and watch the Market, if you're dedicated and you have the funds to budget $50  to accumulate 1 Bitcoin in 32 years is still a good retirement plan, we still have the opportunity to own 1 Bitcoin at this stage, the next generation might not have the opportunity because Bitcoin is limited.

[aoluain]

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?

Sounds like a plan!

Regardless of the time it would take to accumulate BTC1 - what is a real viable alternative for
someone with a $50 weekly budget? none really. I say instead of focussing on the BTC1 or the
time aspect, just do it anyway.

Acheiving the BTC1 tarket is really dependent on the 4 year cycle and in particular the Bull portion
of that . In that Bull market the value of Bitcoin will race ahead which will mean your $50 or even
$500 input wnt be enough and will take longer to achieve.

I personally dont think about the time it will take to meet any Bitcoin target I set what I consider
is where is the best place to put this $50's?

If BTC1 is a target and is essential you meet that a lot of us would have to adhere to some serious
financial constrains, like literally refrain from buying non essential items, cutting costs generally
and probably working more to earn FIAT.

[Hardyrobust]

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?

It is not a must that you will accumulate upto 1 BTC before you can be successful in your bitcoin accumulation. So the goal shouldn't be to have a certain amount of BTC. But rather to have a reasonable amount of bitcoin in our portfolio and this should be based on our discretionionary income. For an investor that is using $50 discretionionary income to buy BTC they may not be able to accumulate upto 1 BTC.