Does it take us a long time to reach 1 BTC

[JayJuanGee]

~~~And, by the way, I consider that the more that we build our bitcoin holdings, even if we might get our bitcoin holdings up to 6 months or more of our annual income, we still likely have to continue to build up our cash too, and yeah, maybe we build up the cash at a lower rate, but we likely need to keep building it up, which is likely a way of diversifying, even if our main focus would likely continue to be on building our bitcoin stash and even at the same time, our bitcoin's value might be fluctuating quite extensively in either direction, we still have to figure out ways to calculate the value of our bitcoin in reasonable ways and not get distracted by great changes in the bitcoin price and also changes in the value of the bitcoin that we are holding (and presumptively continuing to build up).

Thanks JJG . I understand your point.
So I think I should now create an emergency fund in addition to investing in Bitcoin. So that in case of emergency, the Bitcoin portfolio can be held, i.e., they do not need to be converted into cash. Although I have considered my family's emergency fund as my own fund until now, but your comment makes me think that I also need to have a personal emergency fund since I have to hold my Bitcoin portfolio for a long time. Okay, from now on, I will invest some of my income in Bitcoin and create an emergency fund with some part and save the remaining part separately to diversify my investments.
However, I think that I should create a fund by saving small amounts of money regularly in addition to all these funds, through which I can add some one-time Bitcoin to my portfolio in the future along with DCA in DIP. Which I have done this year too.

The emergency funds need to be liquid and non-volatile, which tends to mean that they should be in your local cash or in any other cash that is accepted to pay bills. If you are saving amounts beyond the emergency fund amount then they can be less liquid and less non-volatile, yet of course, you would be running risks if some of your funds are not very accessible (liquid) and/or they are changing in value relative to bills that you might have to pay...

One of the reason that it is problematic to keep any emergency funds in bitcoin, unless you have already established a sufficiently large enough cash portion and then the bitcoin would be used after the cash had been completely depleted, so the more that you want to avoid using any of your bitcoin, then the more cash you need to protect it, yet if you had been investing in bitcoin for 2 cycles or more, then maybe some guys might not mind having portions of their bitcoin as their emergency funds, especially if the bitcoin might constitute several years of income by that time (perhaps?), so drawing 1-4 months of income from the bitcoin, might not seem like as big of a deal if the bitcoin stash is larger, yet at the same time, if the bitcoin had not yet reached overaccumulation status, any drawing upon the bitcoin might delay or even prevent being able to reach overaccumulation status in the future.

[Zanab247]

Well we can only speculate about how long it will take for someone to reach 1 BTC because there is no specific timeline that applies to everyone. We all have different incomes, savings rates, investment budgets, and buying frequencies, so some people will definitely get there much faster than the others. Certainly there are some factors such as changes in income, bitcoin’s price, and unexpected financial obligations that can also affect the journey of reaching that milestone. One thing i sure know damn well is that reaching 1 BTC is generally not a short-term goal for most people, but rather it is a milestone that usually requires patience, consistency, and time.

Different capital will bring out different profit which is the reason predictors will not have the same result from their prediction. It depend the amount of money you use that will determine the years it will take before you can gather 1BTC, because in the process of hodling for long years you will experience a lot of bear and bull before you will finally see the price of your choice to make what will be different from other hodlers.

If your plan is to achieve 1 BTC in your wallet you will achieve it but your daily or weekly saving will determine the amount of money you will be saving that will make you to hodl 1BTC. The resources that will help you to gather such money to hodl 1BTC show that the person will not going to sell in the low price, because he or she will like to sell in the bull that will double his or her profit.

[Showlove01]

Instead of accumulation towards a full Bitcoin goal, save Bitcoins each week according to your financial capacity. If you decide to accumulate Bitcoins beyond your financial capacity, it will not be the right decision to continue in the long term. Your household expenses may decrease or increase and the amount of accumulate Bitcoin each week will not remain the same. Use discretionary income to accumulate Bitcoins and maintain the necessary measures for long term survival, such as an emergency fund. Focus on creating multiple sources of income because increasing the amount of weekly accumulation requires psychological preparation. If you want to build a decent portfolio over a set period of time (4-10 years) and go into the overaccumulation stage, stick to the DCA method regularly.

We really don't need to force ourselves to allocate a larger amount for Bitcoin accumulation just to shorten the time to reach the target, because something will always be sacrificed in that situation, and the time frame is quite long.
But some people use achievement targets as motivation to keep working hard to meet their needs, one of which is to make more money that can be allocated to the investment planning they are doing. It's not for everyone, but it would be better for those who want to do it to first understand financial management.

When I say this I was wondering how I want to buy a single Bitcoin it's something that have been on my mind for a very long time the day I will will own 1 Bitcoin I am going to be happy because I know the value and for now we are going to stick to the Fractional owning since it's what we can afford now but am very sure that it's a matter of time before out dream will come through in owning 1 Bitcoin because the truth of it is that not everyone can own a single Bitcoin so the best thing is for us to invest what we can afford even through the DCA method or even buying the dip.

Sometimes the dream of having or getting a single Bitcoin can actually discourage some investors especially when they knew they don't have a good discretionary income to accumulate and then seeing their portfolio growing so slowly when they already have the target of owning a whole Bitcoin can actually make them feel like they are not making any progress that is why we should have an expectation or a target that can be achievable considering our capacity.

[Stable090]

Sometimes the dream of having or getting a single Bitcoin can actually discourage some investors especially when they knew they don't have a good discretionary income to accumulate and then seeing their portfolio growing so slowly when they already have the target of owning a whole Bitcoin can actually make them feel like they are not making any progress that is why we should have an expectation or a target that can be achievable considering our capacity.

I know the amount which 1 bitcoin worth in my country  here, I know with the amount am earning, I don’t even think I will be able to get 1 bitcoin, so if my intention is to get 1 bitcoin, am definitely going to be discouraged whenever am investing in bitcoin, but I already know that I can invest any amount of money which am having, and it’s not necessary that I hold 1 bitcoin, that alone is what motivates me to keep on investing in bitcoin. Any maybe later in future, I will be able to buy 1 bitcoin or even more, but for now let me keep on investing with the little am earning.

[Mate2237]

Nice explanation going through the thread one thing keeps coming to my mind, and that is the role of proper planing and budgeting in everything that we do .if we plan properly we can teach that one Bitcoin target in lesser years if the money we are putting into our investments strategy is much higher. From what I have come to realize is that we are only seeing the price that is worth one Bitcoin but if we can remove our eyes from the money do a proper planing we can hit that target in less time.



Following up your investment strategy without any form of compromise, is key and that is were having a good investment strategy comes to play in Bitcoin accumulation.

[As-Soon-As]

When I say this I was wondering how I want to buy a single Bitcoin it's something that have been on my mind for a very long time the day I will will own 1 Bitcoin I am going to be happy because I know the value and for now we are going to stick to the Fractional owning since it's what we can afford now but am very sure that it's a matter of time before out dream will come through in owning 1 Bitcoin because the truth of it is that not everyone can own a single Bitcoin so the best thing is for us to invest what we can afford even through the DCA method or even buying the dip.

Sometimes the dream of having or getting a single Bitcoin can actually discourage some investors especially when they knew they don't have a good discretionary income to accumulate and then seeing their portfolio growing so slowly when they already have the target of owning a whole Bitcoin can actually make them feel like they are not making any progress that is why we should have an expectation or a target that can be achievable considering our capacity.

That is why if you invest in Bitcoin according to the DCA method, everyone will be able to continue buying Bitcoin. Those with low incomes can invest in Bitcoin in small amounts weekly, and those who are rich will invest in Bitcoin according to their means. But in this situation, the only DCA method is the most effective, so you cannot make any excuses. Because if you want to improve in life, you must have targets and take risks, so if you want to deposit 1 Bitcoin in Bitcoin investment, then you must follow the DCA method. Because this is the only one that is effective for every investor,
so if you invest in Bitcoin according to this DCA method, you will get additional benefits such as the benefit of keeping it for a long time.

[STT]

I agree not everyone will have 1 BTC, the vast majority of 'us' the people globally just keep a small amount if anything to save long term and mostly money is used to meet life objectives and requirements.   There is nothing wrong with a modest 50 dollars put into BTC, the advantage being you have the longevity of a marathon runner and you have avoided being over ambitious and over invested.  

  I'm not negative on BTC prospects for these few years going forward but I cant know for sure and buying now only to sell next year on some upset in the markets, Yen debt who knows doesn't even have to be related but markets will withdraw value from BTC when all their other bets go south.   When the tide goes out as Buffet might put it!

  You have to actually like the lowest prices is my take, your focus is on the horizon.  If you want 1 BTC or anywhere near then we are talking loving those lows because it gives so many more units.  Negative sentiment here when we are getting double the units is out of place, unless you wanted to sell today and then your timing was off; to me timing is your focus and price is just a tag attached by market guessing whats the right number.

[laijsica]

Instead of accumulation towards a full Bitcoin goal, save Bitcoins each week according to your financial capacity. If you decide to accumulate Bitcoins beyond your financial capacity, it will not be the right decision to continue in the long term. Your household expenses may decrease or increase and the amount of accumulate Bitcoin each week will not remain the same. Use discretionary income to accumulate Bitcoins and maintain the necessary measures for long term survival, such as an emergency fund. Focus on creating multiple sources of income because increasing the amount of weekly accumulation requires psychological preparation. If you want to build a decent portfolio over a set period of time (4-10 years) and go into the overaccumulation stage, stick to the DCA method regularly.

We really don't need to force ourselves to allocate a larger amount for Bitcoin accumulation just to shorten the time to reach the target, because something will always be sacrificed in that situation, and the time frame is quite long.
But some people use achievement targets as motivation to keep working hard to meet their needs, one of which is to make more money that can be allocated to the investment planning they are doing. It's not for everyone, but it would be better for those who want to do it to first understand financial management.

When I say this I was wondering how I want to buy a single Bitcoin it's something that have been on my mind for a very long time the day I will will own 1 Bitcoin I am going to be happy because I know the value and for now we are going to stick to the Fractional owning since it's what we can afford now but am very sure that it's a matter of time before out dream will come through in owning 1 Bitcoin because the truth of it is that not everyone can own a single Bitcoin so the best thing is for us to invest what we can afford even through the DCA method or even buying the dip.

Sometimes the dream of having or getting a single Bitcoin can actually discourage some investors especially when they knew they don't have a good discretionary income to accumulate and then seeing their portfolio growing so slowly when they already have the target of owning a whole Bitcoin can actually make them feel like they are not making any progress that is why we should have an expectation or a target that can be achievable considering our capacity.

For some it may be counterproductive. Sometimes the dream of owning a Bitcoin can encourage some investors to do a long term DCA. You know that your discretionary income is not that strong but the fund has a longibity and sustainability. This can definitely be a very good investment position for you.
Instead of thinking that you have to own a whole Bitcoin, you should stick to long term Bitcoin accumulation. Don't force yourself with the amount of accumulation consider a 4-10 year horizon to have a decent Bitcoin portfolio based on your financial capacity.

[cyberninja2]

...

Different capital will bring out different profit which is the reason predictors will not have the same result from their prediction. It depend the amount of money you use that will determine the years it will take before you can gather 1BTC, because in the process of hodling for long years you will experience a lot of bear and bull before you will finally see the price of your choice to make what will be different from other hodlers.

If your plan is to achieve 1 BTC in your wallet you will achieve it but your daily or weekly saving will determine the amount of money you will be saving that will make you to hodl 1BTC. The resources that will help you to gather such money to hodl 1BTC show that the person will not going to sell in the low price, because he or she will like to sell in the bull that will double his or her profit.

I think this is very logical. It's impossible for someone to invest a large amount and have the same results as someone who invests a smaller amount. This will lead to conflict between them as those who invest a small amount have the same profits. So with your idea I strongly agree with this scenario.

And I also think that every time someone does business for example, with a fairly complete range of goods so that when someone comes in to buy something it's always available. Ultimately those who facilitate the number of goods will certainly earn more money in their wallets. This is different from someone who only does enough meaning the profits are very clearly different between those who facilitate goods and those who only do it with a limited range of goods. For me every time I place a large bet the profits are significantly different from those who are afraid of spending and prioritize profits over spending first. Likewise the method for accumulating Bitcoin is the same as I mentioned above. Although it's only an example it's quite meaningful for me. Basically someone wants to have BTC but the amount spent when accumulating Bitcoin is only a small amount. So when it comes time to own BTC more quickly they generate 1 BTC. The reason is that each time they want to do it they can be likened to the person at the forefront who wants to do it. It's natural to quickly own 1 BTC. So there are two choices with a large amount of course you get it quickly and with a small amount you probably already know how it will turn out.

This is inseparable from their efforts to reach 1 BTC in their wallet. I must also say that by reaching 1 BTC I am very confident that someone must have healthy savings meaning they have several sources of income that are always available or flowing into their wallet whether weekly or monthly. Clearly someone who owns 1 BTC is financially secure so it's a wonderful thing for anyone who has income from more than one source. It's better to invest by accumulating Bitcoin as savings with the goal of owning 1 BTC consistently. This will ensure that one day you will experience the same success as those who previously owned 1 BTC.

[samadam007]

I think a lot of folks focus too much on the goal of having 1 BTC, forgetting that everyones financial capacity is different. What matter most is building habit of consistent acumulation with money you can comfortably afford over the long term.
Also, this your calculation is base on today's price and we all know BTC price will not remain the same for years….the exact time needed to reach 1 BTC could vary from the estimate you are gave

Instead of investors. thinking about the number of years it will take to get to 1 BTC, the focus should be on steady accumulation with patience and a long term mindset. Even if folks never get to 1 BTC, consistent stacking of their holdings over time can still put them in a much better position than those who never started accumulating at all

[Hewlet]

I think a lot of folks focus too much on the goal of having 1 BTC, forgetting that everyones financial capacity is different. What matter most is building habit of consistent acumulation with money you can comfortably afford over the long term.
Also, this your calculation is base on today's price and we all know BTC price will not remain the same for years….the exact time needed to reach 1 BTC could vary from the estimate you are gave

Getting to 1BTC is not all there's about your bitcoin investment journey and it's not the determining factor that tells that an investor is successful at his investment. Different investors have different financial strength and how easy you're able to attain one bitcoin in groose accomolation is basically a function of your financial capacity.

Some investors that have strong systems that helps them remain consistent in Thier investment can easily get to a whole bitcoin in a short time while an investor that is buying with the range of $200 to $500 worth of bitcoin per month will typically take longer to reach that goal. You don't because others are investing with a bigger amount and go on to doing same when your financial strength isn't strong enough to carry it. The duration of the attainment of your investment goal is a function of the strength of your investment allocation. Moreover, since bitcoin investment is a personal thing, there's no point measuring your growth based on that of another person.

[knowngunman]

I agree not everyone will have 1 BTC, the vast majority of 'us' the people globally just keep a small amount if anything to save long term and mostly money is used to meet life objectives and requirements.   There is nothing wrong with a modest 50 dollars put into BTC, the advantage being you have the longevity of a marathon runner and you have avoided being over ambitious and over invested.  

  I'm not negative on BTC prospects for these few years going forward but I cant know for sure and buying now only to sell next year on some upset in the markets, Yen debt who knows doesn't even have to be related but markets will withdraw value from BTC when all their other bets go south.   When the tide goes out as Buffet might put it!

  You have to actually like the lowest prices is my take, your focus is on the horizon.  If you want 1 BTC or anywhere near then we are talking loving those lows because it gives so many more units.  Negative sentiment here when we are getting double the units is out of place, unless you wanted to sell today and then your timing was off; to me timing is your focus and price is just a tag attached by market guessing whats the right number.

The problem is some of us can not even differentiate between a trader and a hodler. Some people think traders are people that buy and sell everyday but that's not the case. If you buy today and attempt to sell in the next twelve months, you're not holding, you're basically trading. Worst of it is trying to turn your small amount into a huge amount within a short period of time. You're not just trading, you're gambling and market will liquidate that patience. People don't just lose money in BTC because it price drops, they lose money because they play the wrong game.

[Bd officer]

Sometimes the dream of having or getting a single Bitcoin can actually discourage some investors especially when they knew they don't have a good discretionary income to accumulate and then seeing their portfolio growing so slowly when they already have the target of owning a whole Bitcoin can actually make them feel like they are not making any progress that is why we should have an expectation or a target that can be achievable considering our capacity.

Bitcoin has become very expensive so it is not possible for everyone to accumulate 1BTC. So our goal should be long term instead of accumulating 1BTC. Because in the future the price of Bitcoin will be higher than our expectations so we should focus on DCA strategy according to our ability. I think it may be difficult for everyone to own 0.01 Bitcoin at some point in the future. So everyone should try to invest according to their ability because your small amount of BTC will become very valuable in the future. Now it has become a dream for many people to own 1BTC. Similarly, owning 0.01 BTC at some point in the future will become a dream for many people.

[Aanuoluwatofunmi]

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?

We can as well help ourselves in such manner when the least we are investing every week is that $50 and possibly increases the rate of investing with time as we earn more and not to pegged our investment upon $50 all through the years, even though this investment strategy is still advisable because of being an affordable one that helps investors commit their earnings to bitcoin investment.

[Sim_card]

Getting to 1BTC is not all there's about your bitcoin investment journey and it's not the determining factor that tells that an investor is successful at his investment. Different investors have different financial strength and how easy you're able to attain one bitcoin in groose accomolation is basically a function of your financial capacity.

Some investors that have strong systems that helps them remain consistent in Thier investment can easily get to a whole bitcoin in a short time while an investor that is buying with the range of $200 to $500 worth of bitcoin per month will typically take longer to reach that goal. You don't because others are investing with a bigger amount and go on to doing same when your financial strength isn't strong enough to carry it. The duration of the attainment of your investment goal is a function of the strength of your investment allocation. Moreover, since bitcoin investment is a personal thing, there's no point measuring your growth based on that of another person.

There's nothing bad of having a bitcoin target to accumulate but let it be more realistic that you will be able to accumulate based on the size of your discretionary income. There's no need for competition when accumulating bitcoin because it's a personal decision. If start with a small target and achieve it after some years, you can increase your bitcoin target again and continue accumulating more bitcoin since, you still have the time ,passion and resources to continue with your accumulation journey.

What will determine if a person can accumulate 1btc is first his age. If he's still young like 25 years and starts his bitcoin accumulation and be consistent with it for another 25-30 years, he can achieve it. Another thing is the size of your discretionary income and if you already have any form of investment on ground that you want to diversify into bitcoin that investor can buy aggressively and front load his bitcoin investment. Lastly, how you see, trust and value bitcoin will determine your commitment to bitcoin accumulation.

[SOKO-DEKE]

Sometimes the dream of having or getting a single Bitcoin can actually discourage some investors especially when they knew they don't have a good discretionary income to accumulate and then seeing their portfolio growing so slowly when they already have the target of owning a whole Bitcoin can actually make them feel like they are not making any progress that is why we should have an expectation or a target that can be achievable considering our capacity.

I don't feel that someone having a target of owning 1 Bitcoin will be discouraged just because they do not have good discretionary funds. Rather, I see it as an encouragement for anyone because it will make a person more consistent and help them plan better on the way to accumulating Bitcoin. It may even encourage someone to look for other sources of income.So, to me, having a good and reasonable target of owning 1 Bitcoin always serves as motivation rather than discouragement. It can make a person more disciplined. In fact, someone who becomes discouraged simply because owning 1 Bitcoin seems difficult may not be ready to hold Bitcoin for the long term.

We should also understand that big discretionary funds are not the only factor that fully determines whether someone can own 1 Bitcoin. Time is also an important factor. I may have a target of owning 1 Bitcoin, but it may simply take me a very long time to get there, especially if my discretionary funds are not large enough for aggressive accumulation.In fact, a person may have the target and may not even fully reach it target at end but one thing I know is that having such a goal can push that person to work harder and remain committed to accumulating Bitcoin

[Halifat]

Sometimes the dream of having or getting a single Bitcoin can actually discourage some investors especially when they knew they don't have a good discretionary income to accumulate and then seeing their portfolio growing so slowly when they already have the target of owning a whole Bitcoin can actually make them feel like they are not making any progress that is why we should have an expectation or a target that can be achievable considering our capacity.

I don't feel that someone having a target of owning 1 Bitcoin will be discouraged just because they do not have good discretionary funds. Rather, I see it as an encouragement for anyone because it will make a person more consistent and help them plan better on the way to accumulating Bitcoin. It may even encourage someone to look for other sources of income.So, to me, having a good and reasonable target of owning 1 Bitcoin always serves as motivation rather than discouragement. It can make a person more disciplined. In fact, someone who becomes discouraged simply because owning 1 Bitcoin seems difficult may not be ready to hold Bitcoin for the long term.

We should also understand that big discretionary funds are not the only factor that fully determines whether someone can own 1 Bitcoin. Time is also an important factor. I may have a target of owning 1 Bitcoin, but it may simply take me a very long time to get there, especially if my discretionary funds are not large enough for aggressive accumulation.In fact, a person may have the target and may not even fully reach it target at end but one thing I know is that having such a goal can push that person to work harder and remain committed to accumulating Bitcoin

This is why is very good to set a target especially in an investment like bitcoin, DCA strategy is meant for people that does not have huge amount to invest in Bitcoin and I believe some of the investors who uses this strategy can achieve one Bitcoin, my reason of saying this is because our discretionary income can never be the same and that is why it is certain that few of the people that are using this strategy will attain it faster than others because they have huge amount of funds from their discretionary income.

In this aspect our weekly or monthly accumulation can never be the same that is why it is certain, but this is only applicable for those that have huge amount from their discretionary income, likewise those that are not having much should only Focus and maintain their consistency because that is what matters, if really we want to look at the Bitcoin price we will be discouraged at the end because comparing it, we will assume we are not getting anything but consistency is what matters a lot in achieving it.

[Ojima-ojo]

Is up to you and how much cash flow you have to put into buying Bitcoin and how consistent you are, sometimes what make your arrive at a 1 BTC portfolio faster is your ability to invest your capital investment.


Alot of investors have arrived at their portfolio building faster than you expected.

[BluebloodCXVI]

The emergency funds need to be liquid and non-volatile, which tends to mean that they should be in your local cash or in any other cash that is accepted to pay bills. If you are saving amounts beyond the emergency fund amount then they can be less liquid and less non-volatile, yet of course, you would be running risks if some of your funds are not very accessible (liquid) and/or they are changing in value relative to bills that you might have to pay...

One of the reason that it is problematic to keep any emergency funds in bitcoin, unless you have already established a sufficiently large enough cash portion and then the bitcoin would be used after the cash had been completely depleted, so the more that you want to avoid using any of your bitcoin, then the more cash you need to protect it, yet if you had been investing in bitcoin for 2 cycles or more, then maybe some guys might not mind having portions of their bitcoin as their emergency funds, especially if the bitcoin might constitute several years of income by that time (perhaps?), so drawing 1-4 months of income from the bitcoin, might not seem like as big of a deal if the bitcoin stash is larger, yet at the same time, if the bitcoin had not yet reached overaccumulation status, any drawing upon the bitcoin might delay or even prevent being able to reach overaccumulation status in the future.

Exactly!.. The whole idea behind of us having emergency fund is for it to be readily available to us anytime we need it to take care of unexpected expenses so it definitely has to be in liquid form. Emergency funds is not created to be used for making investment or to be used to maximize returns rather it is created to help in protecting our investments from crumbling under pressure.
Having emergency funds will also makes it easier for a person to stay committed to their long-term Bitcoin strategy.
I had an argument with someone over a similar thing like this here. He was proclaiming that it is better to put emergency funds in the form of bitcoin than putting it in form a more stable asset and I disagreed with him seriously but he refused to be enlightened so i left him.

[xzone]

Nice explanation going through the thread one thing keeps coming to my mind, and that is the role of proper planing and budgeting in everything that we do .if we plan properly we can teach that one Bitcoin target in lesser years if the money we are putting into our investments strategy is much higher. From what I have come to realize is that we are only seeing the price that is worth one Bitcoin but if we can remove our eyes from the money do a proper planing we can hit that target in less time.



Following up your investment strategy without any form of compromise, is key and that is were having a good investment strategy comes to play in Bitcoin accumulation.

Of course, it's not very likely to accumulate a large sum by saving $50-100 a week; after all, inflation exists in this world, and the price of Bitcoin is never stable, it can always go higher. Therefore, our chances of owning things through saving actually decrease over time.
If we make investing a lifestyle, we can acquire things. Otherwise, owning 1 Bitcoin today wouldn't be easy