Does it take us a long time to reach 1 BTC

[Die_empty]

Do you estimate how long You have set aside to buy bitcoin?

The calculation to own one Bitcoin at a certain stage might turn out to be wrong since the price of Bitcoin would increase in the future.

However, good illustration, OP. I have never thought about this because my target is not to own one Bitcoin. I aim to gather as much Bitcoin as I can based on my financial strength.  I intend to retire early, so my target is to get enough Bitcoin to cover my retirement financial plans. Based on your calculation, it would take me more than two decades to own one Bitcoin, and I would have passed the age I want to retire.

[michellee]

If your target to reach are 1 BTC and use small amount, that could be a long time. You need calculating how long you will buying Bitcoin so you can decide the next step.

Each people have their own target. Maybe they want to have 1 BTC and prepare the money for that amount but some others want to invest in Bitcoin and they have much money to invest. They will sell in every ATH they see and re-invest when the price is at bear market.

Using $50 investing in Bitcoin is enough and that will not be a problem even if they need too long to have 1 BTC. The thing is make sure you can enjoy your investment before your descendant so you can tells them the benefits they can get.

Maybe it is not about how long but how strong your commitment to keeps your plan running.

[Ishicryptic]

For most small income earners who are enthusiastic to do DCA strategy of accumulation if they are considering how long it will take them to reach 1 Bitcoin they might be discouraged because it will take them many years to actualize it. I think that if you're a Bitcoin investor and you're not rich there is no need to put 1 Bitcoin target in your accumulation plan, it is better to go with the flow and always use amount that you are comfortable to loose to constantly buy.

You should only buy with your discretionary funds, if you cannot afford a discretionary fund it is better not to buy so you will not put yourself under pressure. It is not a must that you will reach 1 Bitcoin as your destination, you can reach it or surpass it what should matter is to buy when you have available funds.

[hyudien]

..

If the price of bitcoin remains the same your calculation is correct, but we know the price of bitcoin fluctuates, you can reach 1 btc over 32 years or less with 50$ per week, but you don't have to collect 1BTC right? I understand when we invest there must be a target so that we are enthusiastic about investing, but it must be in accordance with financial capabilities, a simple target in my opinion is to set the year not the bitcoin unit, so you will not be burdened.

[philipma1957]

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.

Wrong noone knows the future price of btc.

There fore over the next 30 years buying 50 bucks a week is 78,000 usd

Which may or not be the average price of btc over the next 30 years.

How about btc crashes due to satoshi coins getting fucked with frozen by developers stolen by quantum computer.

We crash to 13000 and he grabs a ton of low priced btc. Then when people figure out btc is safe other than satoshi coins it goes way up to 500k.

So he ends up getting a ton of coins while the price dropped really low and then he gets almost none when it skyrocket.

Did not btc drop to 4k march of 2020 during covid crash.

So do not say it is impossible for btc purchased at 50usd a week for 30 can not add up to 1 btc it can.

At op this is why you dca 50 a week if you can afford it.

[Lucius]

Is there anything special about someone owning 1 BTC? I think that many people set rather unrealistic goals that not only require a very long time, but also do not consider that in that time many things can start in the direction they did not hope for.

Besides the fact that the price in xx years may be lower than today, anyone can lose their wallet or backup, and most will find themselves in a situation where they need money for something and when choosing between a bank loan and selling BTC, they will probably choose the latter.

Be careful that while chasing dreams, they don't catch you - time is the most valuable currency anyone possesses.

[OgNasty]

I got my first BTC by selling the download code for a free game that came with one of my GPUs. I think I sold it for 2.6 BTC or something like that. It was a different time for sure. Back then people treated BTC like it was a hot potato. Nobody wanted to hold it very long in fear it would be worthless.

[Awaklara]

I do not count the time or set targets to reach a certain amount. I also do not have a precise allocation for each purchase, because sometimes I have a smaller amount, and sometimes I have a larger amount. I do not make purchases regularly or on a schedule. But I accumulate capital for more appropriate purchases. Some investors may not consider the number of Bitcoins they have, but the price target they want to reach.

[Sammye3]

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?

You cannot use the current bitcoin price to evaluate how much you would need to invest into bitcoin to reach 1 BTC because bitcoin's price is not static but could experience some highs and lows in regular intervals.

During this 3.5 years period to reach 1 BTC by investing $500 every week, bitcoin should have gone past that budget and maybe even higher than rhe price you started off. So the b3st approach is investing regardless of rhe CMP, and on some occasions put in more than your set target for the week and keep growing.

[Wiwo]

Oh men, $50 for 37 years when man is already 30 years plus of age, that means you will be owning your first bitcoin when you are almost 70 years if you are able to meet up with your buying trends consistently and the price of Bitcoin remain in a fixed price for that whole 37 years plus,.

The question will be, will tye price of Bitcoin remain fix and stable, the answer is no.

So what that means is that, you can't tell which year you buy the whole one BTC if you have a fixed buying amount as a weekly budget of $50.

[dansus021]

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 just replied the other post about the same thing haha

I mean personally I dont really have certain amount of budget to buy bitcoin per week or how much dollar but if you have budget and time like this is the best way to be a long term hodler of Bitcoin, I dont mind take a year 5 year or 50 year because if you do consistently like this you are gonna hit profit before reach 1 btc

Just simply buy the amount you are comfortable with

[Salahmu]

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.

Investing in Bitcoin doesn't mean I would go beyond what I have, if is only $50 or $100 that I have in every time I want to buy Bitcoin is what I would always do because I cannot think of what I don't have, it shouldn't matter the only Bitcoin you could have after many years. So actually whether budgeting more or reducing more it all depends on you because I wouldn't no if you are managing or you are financially comfortable so if you are any of the ones I mentioned you should no if you are going to increase your budget, so actually $50 may not be too big but is very good for me while I would only add to it if there is a chance.

[Akbarkoe]

This depends on how much we spend to buy our BTC each week and our financial capabilities, but in general I see that the financial cycle is different sometimes big sometimes small in each year, but most of the time it will grow bigger as we have more skills and our abilities increase so that the bargaining power of the services/business we do becomes more expensive, we can get 1 BTC much faster if our income over time grows.
We don't need to peg how long it will take to reach $1BTC, who knows in the next year you buy BTC with $10k every week, isn't that very possible?

[whiteblue]

I just replied the other post about the same thing haha

I mean personally I dont really have certain amount of budget to buy bitcoin per week or how much dollar but if you have budget and time like this is the best way to be a long term hodler of Bitcoin, I dont mind take a year 5 year or 50 year because if you do consistently like this you are gonna hit profit before reach 1 btc

Just simply buy the amount you are comfortable with

Even though our budget is uncertain, However we can't take the option of buying with less than we planned. This means that we must increase our investment. For example, if we buy with $50 this week, we can increase it to $53 or $55 next week, not decrease it to $40.

There must be a target to increase our discipline in investing. If we have a disciplined pattern, We will reap success, but often, experienced and novice investors ignore this.

What Philipma said may even make sense because we don't know what Bitcoin price will be in 20 years. If it reaches $400,000 per Bitcoin, our profit will be substantial. Yes, it's just a prediction, but it's crucial because it can increase our confidence in continuing to buy Bitcoin.

[Rengga Jati]

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 probably wouldn't have worked this long if we'd followed BTC's price movements, which are quite volatile. There were even periods when BTC's price dropped significantly during bearish times. However, I personally found it quite difficult to acquire 1 BTC, so I didn't want to think about how much I could set aside, how much I could make by taking profits, and then accumulate 1 BTC.

Do you estimate how long You have set aside to buy bitcoin?

By the way, I personally only have a strategy of holding my Bitcoin investments for a four-year cycle, from bullish to bullish. I take profits and then reinvest when the price goes down during the bullish era. So, I don't invest immediately for 32 years or so. But rather within that four-year cycle, I wait for a bull run to occur and take profits. That's my strategy for accumulating BTC at all times.

[MarjorieZimmermanGinger]

This depends on how much we spend to buy our BTC each week and our financial capabilities, but in general I see that the financial cycle is different sometimes big sometimes small in each year, but most of the time it will grow bigger as we have more skills and our abilities increase so that the bargaining power of the services/business we do becomes more expensive, we can get 1 BTC much faster if our income over time grows.
We don't need to peg how long it will take to reach $1BTC, who knows in the next year you buy BTC with $10k every week, isn't that very possible?

Nothing is impossible when it comes to collecting Bitcoins, but how can we consistently make more money as we go about purchasing Bitcoins? When our income is large, it's much easier to target one Bitcoin in a shorter period. If our income is small, we need to adjust our accumulation so that even though our buying pattern is small, Bitcoin will continue to grow slowly and over a much longer period. Sometimes, for some people, it's not about who's faster, but rather how to leverage their full potential to invest in Bitcoin using specific strategies. The most important thing is having the desire and whether it happens quickly or slowly is simply a matter of carefully planned timing.

[Lucius]

I got my first BTC by selling the download code for a free game that came with one of my GPUs. I think I sold it for 2.6 BTC or something like that. It was a different time for sure. Back then people treated BTC like it was a hot potato. Nobody wanted to hold it very long in fear it would be worthless.

I won't say that today is the same as then, but a lot of people who invest in Bitcoin want to make money as soon as possible and don't feel comfortable keeping it for the long term. The remaining 95% who would never invest in Bitcoin still think the whole thing will collapse sooner or later.

[Pandu Geddon]

Do we need to budget more Money to reach 1 btc in our portfolio?

I prefer to continue investing within the initial budget, even though the amount is not large, but that's what can be done consistently. Forcing ourselves to allocate more to invest in Bitcoin just to chase 1 Bitcoin in our portfolio may sound like a beginner who wants to show off with a screenshot of their portfolio on social media. Just follow the current process. If you have a larger budget, we can increase the amount of our purchases. If not, it's better to keep it at a safe level.

[dansus021]

—snip—

Even though our budget is uncertain, However we can't take the option of buying with less than we planned. This means that we must increase our investment. For example, if we buy with $50 this week, we can increase it to $53 or $55 next week, not decrease it to $40.

There must be a target to increase our discipline in investing. If we have a disciplined pattern, We will reap success, but often, experienced and novice investors ignore this.

What Philipma said may even make sense because we don't know what Bitcoin price will be in 20 years. If it reaches $400,000 per Bitcoin, our profit will be substantial. Yes, it's just a prediction, but it's crucial because it can increase our confidence in continuing to buy Bitcoin.

Agreed, but one thing for sure, if our purposes are for profit at the end of the day just buy at any price at any given time is okay. But it would be great if we increase our investment from the example The previous week and do discipline about it.

The price of bitcoin is gonna increase based on the previous data and yes it easy reach 400K in 20 years or so. Cumulating bitcoin from now on is the best in my opinion.

[Obulis]

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?

Well the point is clear. Everyone can't do more than their bank statement!
What can be budgeted invariably determines how long it will take to accumulate 1 Bitcoin.
If one Bitcoin is the target then getting means of more income should become the major drive if income is small. It's just like mission impossible! For someone who have enough monthly income but budgets 50 dollars weekly while targeting one BTC, So the income really determines the input, the achievable target and date.

Worthy of note! The price of 1 Bitcoin can even increase before the expectation period. By that the whole thing still fall on the amount you can input weekly not necessarily a particular amount because if the target is one Bitcoin then Bitcoin price increase investor will definitely require budget increase.
However, some budgeted amount seems to be enough to accommodate probable increase but an investor can only invest according to their financial muscle.