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.

[JayJuanGee]

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.

[ejikeme24]

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.

They  don't need to be 100% ready before getting started with Thier Bitcoin investment, because if they are waiting to figure out everything before getting started they might end up as no coiners because by the time they will finish figuring out whatever it is that they would like to figure out, by then the price of Bitcoin must have skyrocket to God knows where, so I would suggest that if there's anything that need to be done or adjust to enable them get started they should try and do so because this is the exact reason why most folks are unable to get started with their bitcoin investment till this time.

[JayJuanGee]

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.

The punchline seems to be that you, JaanusRaim, are failing/refusing to buy bitcoin at these prices because you believe that it is a good plan to wait for price dips that may or may not end up happening.

Even if you might get lucky in terms of future dips, you don't have a very good mindset and/or practice when it comes to bitcoin accumulation.

[Barikui1]

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?

Accumulating one Bitcoin always boils down to the size of your discretionary income, because you might not be able to accumulate up to one Bitcoin even in that 32 years you proclaimed because Bitcoin prices is not stable for you to make that calculation, you might be getting a small unit of Bitcoin for $50 comparing to now, so you should not expect to get to that level within that timeframe you think off.

Well, if we Buy with a budget of $500 per week, it might only take us 3.5 years to reach 1 BTC.

Just as I have already said, things may not work the way we expected because Bitcoin price is unstable due to it volatility, so we might be getting a smaller unit of Bitcoin at that $500 later in the future when Bitcoin has skyrocket, and we might not be able to achieve that one Bitcoin target within that stipulated timeframe, so achieving one Bitcoin target is possible, but your stipulated timeframe is wrong.

[justdimin]

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.

Whales do not really consider even 1 bitcoin to be enough, some whales even buy hundreds of them at a time, and there are companies who can buy even a thousand if they want to. But you are right, retail should aim at 1 bitcoin as an end goal, not like buying that much. You accumulate tiny bit of sats over time, and you get whatever you can get.

Like if you saved only 10% of your salary for the past 5 years, you could have at least half a bitcoin, maybe more depending on your salary of course. This means, in 30 years, if you work for 30 years and then retire, you could have 1 bitcoin and maybe even more, while bitcoin price keeps going up. This could result with you retiring with 1 bitcoin on the side whenever you want to.

[cyberninja2]

...

Accumulating one Bitcoin always boils down to the size of your discretionary income, because you might not be able to accumulate up to one Bitcoin even in that 32 years you proclaimed because Bitcoin prices is not stable for you to make that calculation, you might be getting a small unit of Bitcoin for $50 comparing to now, so you should not expect to get to that level within that timeframe you think off.

This is very precise and certain because it's impossible for someone to own one Bitcoin without discretionary income. I think it's natural for those who already own one Bitcoin because they have enough to meet their needs. Especially if they have more than one source of income they will certainly use their discretionary funds to accumulate so that when the time comes they can easily buy one Bitcoin. What we need to understand is that without more than one source of income it's impossible for someone to own one Bitcoin.

[Celebration99]

~~~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.

You are very right sir our emergency funds needs to be where we can easily get access to it, our emergency funds should be in fiat or in our bank account and not in bitcoin so that when there is an emergency need we can easily sort them out without selling our bitcoin. Emergency funds is very important in bitcoin investment as it serves as a protective instrument to our investment and also any investor that wants to buy bitcoin and hodl for long we need to create an emergency fund after he or she has started buying and accumulating bitcoin so it should be in a place that it can be easily gotten with out much delay or stress.

[AmaGold70]

Well, I feel you can start your bitcoin investment with any amount, and depending on your financial capacity, but calculating the number of years it will take you to get 1BTC might discourage some investors, especially those whose financial strength are low. Meanwhile, apart from purchasing bitcoin, their are other methods that one can use in boosting your bitcoin portfolio. For instance, you can decide to stake your Bitcoin, and also earning from the network reward, you can also win some BTC y participating in some context, and programes, You can equally convert any other coin in your portfolio to Bitcoin or if you have a job paying you in bitcoin, you can decide not to convert, and withdraw it, and with these strategies, your bitcoin investment can reach 1BTC sooner than you think.

[Sim_card]

Meanwhile, apart from purchasing bitcoin, their are other methods that one can use in boosting your bitcoin portfolio. For instance, you can decide to stake your Bitcoin, and also earning from the network reward, you can also win some BTC y participating in some context, and programes, You can equally convert any other coin in your portfolio to Bitcoin or if you have a job paying you in bitcoin, you can decide not to convert, and withdraw it, and with these strategies, your bitcoin investment can reach 1BTC sooner than you think.

Bitcoin is decentralised and you shouldn't stake it to a third party because you want to make profit that's a wrong mindset of investing. Bitcoin uses POW and not POS making it useless if you stake it because you have willing hand over your coins to a third party to do away with at anytime. You should know that if you stake your bitcoin for profit, you wouldn't even get the profit that's needed compared to when you put it in your self custody.

You can do whatever, kind of job to get a discretionary income but not buying shitcoins and think that when you're in profit, you will convert it to bitcoin because those shitcoins only dump and dump putting you into great loss. It's better to just use the money and buy bitcoin. It's not about how long it will take you to reach your bitcoin target or how much you're using to DCA weekly. What matters is your consistent and persistent DCA in order to keep your bitcoin accumulation ongoing.

You shouldn't involve yourself in actions that will depreciate your bitcoin portfolio or whole handedly give out your bitcoin for someone to be in your of it because of very tiny profits. You can lose your bitcoin investment forever. Not your keys not your coin.