Does it take us a long time to reach 1 BTC

[boyptc]

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.

Really depends as per consistency and the capital that we'll invest into it. Reaching 1 BTC is harder now compared several years ago because the price of bitcoin got higher.

Although in the current pricing of it, it's currently experiencing a massive correction and it's under $59k.

This gives the point again to us who do DCA and we'll get more quantity of it as we buy during the dipping periods.

[whiteblue]

Really depends as per consistency and the capital that we'll invest into it. Reaching 1 BTC is harder now compared several years ago because the price of bitcoin got higher.

Therefore, We must be Consistent if we basically have a target in our Investments. Targets serve as a major benchmark to boost our belief in achieving Success. If we are determined, We have ways to accelerate our Investments in various ways, Such as finding additional funds to support the investment process. besides that, if we believe that nothing is Impossible to get 1 BTC in the investment we make.

Although in the current pricing of it, it's currently experiencing a massive correction and it's under $59k.

Of course, we don't know the price of Bitcoin tomorrow, So with long term investment strategies, we will execute Bitcoin at every price, not at a single benchmark price. If we imagine that reaching 1 BTC is difficult, Then that reasoning is a step backward from being consistent.

This gives the point again to us who do DCA and we'll get more quantity of it as we buy during the dipping periods.

DCA is important because we can Buy at every maturity, as per our Investment plan. Apart from that, We must also focus on our target to seek additional income to be able to buy on dips or buy aggressively.

In addition, Bitcoin will be scarce, and low price are an opportunity we have. Take full advantage of this opportunity.

[alankasman]

Therefore, We must be Consistent if we basically have a target in our Investments. Targets serve as a major benchmark to boost our belief in achieving Success. If we are determined, We have ways to accelerate our Investments in various ways, Such as finding additional funds to support the investment process. besides that, if we believe that nothing is Impossible to get 1 BTC in the investment we make.

Of course, we don't know the price of Bitcoin tomorrow, So with long term investment strategies, we will execute Bitcoin at every price, not at a single benchmark price. If we imagine that reaching 1 BTC is difficult, Then that reasoning is a step backward from being consistent.

DCA is important because we can Buy at every maturity, as per our Investment plan. Apart from that, We must also focus on our target to seek additional income to be able to buy on dips or buy aggressively.

In addition, Bitcoin will be scarce, and low price are an opportunity we have. Take full advantage of this opportunity.

Correct. Because it is impossible for someone who has a goal towards the target that is being worked on but when doing it does not have a consistent attitude towards the achievement that is being worked on I think there are rarely parties who do not do as we say, for example someone wants this year to have a house for shelter without any other party disturbing so that with the target that has been decided in the decision of course every time you want to do something that produces the targeted needs of course very focused and consistent in doing so so this is what is true someone who has a target is sure to do something with full consistency in order to achieve what has been targeted as well as the case of someone who invests in Bitcoin certainly must have a goal in making purchases which are sometimes in a very impressive way so if you do not have a goal it is impossible to do it in a very impressive way so it is certain that slowly but surely in collecting the number of Bitcoins.

That's right. Because price is no longer a benchmark for those who have a long-term Bitcoin investment pattern, they will always execute Bitcoin at the right time, not necessarily when the price is falling or rising. This is their consistent attitude towards long-term planning, which makes them always buy at inappropriate times. Clearly, with a strong grip, they will always buy because their goal is clear regarding long-term investment. Accumulating Bitcoin value is clearer than reaching 1 BTC, which is much more difficult, especially in the current situation where generating income is difficult.

The DCA strategy is very helpful in investing because it can align with our investment plan whenever we want to achieve our goal of buying Bitcoin, whether it's an impressive or a more traditional way. Obviously, we can manage our plan, but we must be consistent and focused in implementing it, especially with the income we choose to buy. This way, when we make an impressive purchase, we have a cushion and sufficient income to support us.

[EarnOnVictor]

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?

At this large price of Bitcoin, the huge determining factor is your financial capability and readiness. Obviously, many people can't be ready financial, which is why they do not need to "break the bank." If they must invest in Bitcoin, they should accumulate as little as they could; it mustn't be the whole 1 BTC. And if I were them, instead of trying to build a whole 1 BTC at expensive prices, I will rather focus on creating my own business.

[Marvelockg]

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.

Apart from whales that are financially disposed to buy bulk quantity of bitcoin per time, an average investor does not look at 1BTC to be his investment goal. the whales can even afford to buy a bitcoin at a single time and do it consistently for weeks, that does not make a single bitcoin their investment goal. as your financial strength increases so does your investment goal also increases. plan your investment strategy so that it does not affect other area of your life just because you are looking at 1BTC as a point that every investor must get to.

A typical salary earner has little chance of hitting 1BTC but that is not an excuse why he should not invest. even if you are earning not so much a month, you can still allocate a certain percentage of your earning to your bitcoin investment. if at the end of the day you are unable to get up to 1BTC, it is still better than you invested with what you can afford than you looking at where you can not afford except you want to steal just because you want to invest.

[cyberninja2]

...

Apart from whales that are financially disposed to buy bulk quantity of bitcoin per time, an average investor does not look at 1BTC to be his investment goal. the whales can even afford to buy a bitcoin at a single time and do it consistently for weeks, that does not make a single bitcoin their investment goal. as your financial strength increases so does your investment goal also increases. plan your investment strategy so that it does not affect other area of your life just because you are looking at 1BTC as a point that every investor must get to.

A typical salary earner has little chance of hitting 1BTC but that is not an excuse why he should not invest. even if you are earning not so much a month, you can still allocate a certain percentage of your earning to your bitcoin investment. if at the end of the day you are unable to get up to 1BTC, it is still better than you invested with what you can afford than you looking at where you can not afford except you want to steal just because you want to invest.

I think if we have more finances this makes us able to do the same thing to have 1 BTC and this does not mean that only whales can make purchases so this makes us understand more about how to assume that all parties can have what those who have strong facilities do and even more than 1 BTC we can have it as you say that what the whales do is because they have income or revenue that goes into their wallet more than their needs so it is normal for them to do it both weekly or monthly in having 1 or even more than 1 BTC.

Having BTC is not something that should be discussed by those who are employees because they understand themselves moreover they work only to fulfill their needs so I think this BTC problem is more towards those who are not employees because they only receive salaries from those who have businesses or businesses where every day week and month there is always income from more than one source of income meaning it is easier for them to get or fulfill their desire to be able to have 1 BTC this is because the income they have is more than what they need so it is natural that this idea is only intended for those who have income from more than one source and for those whose employee status is very unlikely in terms of having 1 BTC.

[bitmover]

we are below 200WMA price now

What a great buying opportunity.

[JaanusRaim]

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.

[sotelorene]

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.

People that will only find it difficult or hard to differentiate between traders and an Investors are those who are new into this space and honestly when I came into the space, I barely differentiate between traders and investors as a matter of fact what I knew then majorly was trading I don't too have knowledge about Bitcoin investment but now I have a clear view, knowledge and understanding about Bitcoin investment and how it works and indeed information is power.

[Muba20]

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?

This will depend entirely on the thoughts and income of a holder. Those who have a good retirement plan for Bitcoin will think in the same way as normal. Everyone has to retire at the end of their career. At that time, they will have to plan their life according to how much wealth they need. If someone considers Bitcoin as their retirement asset and focuses accordingly, then they will definitely be able to build a large portfolio of Bitcoin. How much time it will take and how much Bitcoin they can accumulate will depend on their discretionary income and thoughts. If they keep accumulating Bitcoin regularly, then they will be able to earn that reward according to the amount and time. If my income is low, I will not be able to accumulate more Bitcoin in any way. However, if I consistently invest according to my ability to fulfill my goals and continue to accumulate Bitcoin for the long term, then it is definitely possible to get big rewards.

[SmartCharpa]

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 think having a target of owning 1 Bitcoin is a bad idea. Everyone investing in Bitcoin has their own target. We have many investors who dream of owning 1 Bitcoin, and after they reach their goal, they will stop buying. Having a dream of owning 1 BTC is like when we were kids and dreamed of becoming something in the future. That’s how some people dream of owning some amount of BTC in the future, and this dream can motivate an investor to pursue what they want to achieve.

However, unless the person is investing more than they can afford, I don’t see why having a dream of owning 1 BTC can discourage people from buying. No matter how much Bitcoin we dream of, we need to invest only what we can afford in order to avoid too much stress.