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.
Even if a person is ONLY 25 years old, he still might not be able to reach a whole bitcoin if he is starting out with less than $50 per week. Of course, we expect his income to go up, yet at the same time, the bitcoin price may well go up faster than his income.
So, whether or not a current 25 year old is able to accumulate 1 bitcoin in 25-30 years is not guaranteed.
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.
There are all kinds of variations of incomes between the extremes that you mentioned, and for sure we know that 1 BTC is more and more difficult to achieve, especially for guys who are just starting out, so yeah, there might be a bit of arbitrariness in choosing 1 BTC as a target, and guys have to figure out some target that might be reasonable for them, and quantity of bitcoin might not be as important as compared with thinking about how much they are able to put into bitcoin each year, whether that is actual dollar amounts (or fiat amounts) or what percentage of their income they might be able to invest into bitcoin, and in any of those cases, for sure there are advantages in increasing discretionary funds, even though some folks may have more difficult times as compared with others when it comes to abilities to increase discretionary funds that are available to them for investing.
At the same time, bitcoin could stay at the current price or even go lower from here, so yeah, then it may well would be easy for a current 25 year old to accumulate 1 bitcoin in 25-30 years - yet maybe in those circumstances, he might not want to accumulate bitcoin... not that I am saying that bitcoin is going to lose its purpose for investing, yet there are a variety of future bitcoin scenarios and not all of those totality of future possible scenarios are positive.
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
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.
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.
As compared with DCA, buying the dip is an inferior strategy, especially for anyone who is new to bitcoin, early in the bitcoin accumulation phase, or even if guys consider that they want to try to be aggressive in their bitcoin accumulation. Buying the dip is whimpier and more uncertain, since dips may or may not end up happening, and if guys overly focus on dips rather than ongoing accumulation, they may well devolve into a waiting mindset rather than a mindset that motivates them to both ongoingly accumulate bitcoin and to figure out ways to increase their discretionary income.
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.
To the extent that you are even trying to stay on topic, since in previous times you were so excited about trading and fucking around with those kinds of things, perhaps even being receptive to identifying shitcoins that might be potentially "more profitable" than bitcoin. You may well be distracted easily, to the extent that trading and/or shitcoining might not have had been working out for you.
Guys who have income may or may not be advantaged by creating their own business.
Some guys may be able to leverage their own labor by creating their own business.
Creating your own business is not necessarily good for everyone, and surely there is a lot of variation in the kinds of businesses and the likelihood of success and whether that approach is better than earning income in other ways that would allow ongoing and persistent investment into bitcoin.
