Does it take us a long time to reach 1 BTC

[ejikeme24]

If you have invested, a mere 100 dollars per month, 1st of every single month, then this July 1st would be your 1 bitcoin reach if you started back in March of 2017. So on March 1st of 2017, you buy your first ever bitcoin, 100 dollars, and today you have 1 bitcoin. In this period, you have invested 11300 dollars of your own money, and now you have 1 full bitcoin, which is roughly around 60k, but peaked at 125k as we know.

So, it was a great investment if you did, and we are not talking about something impossible, it's literally just 100 bucks. You could have gained that much on average simply from signature campaigns too if you wanted. Or you could have invested 200 dollars instead of 100 dollars, and could have started in much later and still reached it.

Reaching 1 BTC depends on your financial capacity, I know there's no harm in setting high expectations it's just like Pygmalion effects where high expectations improve performance and this only works for  most investors not all because some might set a higher expectations meanwhile they are lazy before they would reach the middle of Thier accumulation journey it will take them some couple of years and we all know how fluctuating the market can be, it might goes up or down. that is why it's important to check our financial capacity before setting a high target because for one to achieve this target they need a stable income to enable them maintain the ongoing buying of bitcoin which they May likely need to be more aggressive to enable them meet up on time before the price goes up again.

[Ojima-ojo]

If you have invested, a mere 100 dollars per month, 1st of every single month, then this July 1st would be your 1 bitcoin reach if you started back in March of 2017. So on March 1st of 2017, you buy your first ever bitcoin, 100 dollars, and today you have 1 bitcoin. In this period, you have invested 11300 dollars of your own money, and now you have 1 full bitcoin, which is roughly around 60k, but peaked at 125k as we know.

So, it was a great investment if you did, and we are not talking about something impossible, it's literally just 100 bucks. You could have gained that much on average simply from signature campaigns too if you wanted. Or you could have invested 200 dollars instead of 100 dollars, and could have started in much later and still reached it.

Reaching 1 BTC depends on your financial capacity, I know there's no harm in setting high expectations it's just like Pygmalion effects where high expectations improve performance and this only works for  most investors not all because some might set a higher expectations meanwhile they are lazy before they would reach the middle of Thier accumulation journey it will take them some couple of years and we all know how fluctuating the market can be, it might goes up or down. that is why it's important to check our financial capacity before setting a high target because for one to achieve this target they need a stable income to enable them maintain the ongoing buying of bitcoin which they May likely need to be more aggressive to enable them to meet up on time before the price goes up again.

Absolutely correct, the amount of your cash flow determines how fast you reach your 1 BTC goal, and what is most important is how aggressive you are in buying Bitcoin aside from every other thing in demand.


Bitcoin accumulation shouldn't be something that becomes a competitive allocation of funds, and as much as that is, we should not hesitate to buy Bitcoin whenever the chance presents itself.

[GeorgeJohn]

Reaching 1 BTC depends on your financial capacity, I know there's no harm in setting high expectations it's just like Pygmalion effects where high expectations improve performance and this only works for  most investors not all because some might set a higher

For investment you need to "Think Big and Start Small" when I came across of this words, I found out it's deep meaningful to investors.. So for we to have more than btc it depends on your savings, and as well, the strength of your income...but it can be achieve if you have a plan and budget

expectations meanwhile they are lazy before they would reach the middle of Thier accumulation journey it will take them some couple of years and we all know how fluctuating the market can be,

Do you know that nothing every time the market becomes negative, the market changes both for the positive and negative, but their's every tendency that the market can be positive when you have such expectations, because btc does not seek any permission before it get accelerated in price....

[Shinpako09]

If you live in a third-world country and earn only a minimum wage, it will really take a long time to accumulate a whole Bitcoin.

Instead of focusing on how long it will take or how much BTC you can get, focus on growing your USDT instead. Don't lock yourself into a goal that you already know will take a very long time to achieve. You might end up missing other opportunities if you do that.

Explore and look for other ways to grow your USDT. That way, who knows, you might get lucky and reach a whole BTC much sooner than you estimated, or even accumulate more than that.

[danherbias07]

There's another path, which is saving the money and buying it at some point. When BTC falls. Just like this one. I think the only trouble when doing that kind of strategy is that we can be tempted to use the money for something else. So buying consistently every week is still a good idea. But again, we are not going to receive the same amount of satoshis with our $50. There's a chance we might reach our goal faster if we buy on the right day of the week when it is cheaper.
For others who are starting, in my opinion, you don't need to force it. Just keep some satoshis in your stock, and it will be valuable in the future. Add more if you have the opportunity.

[Charcol]

If you have invested, a mere 100 dollars per month, 1st of every single month, then this July 1st would be your 1 bitcoin reach if you started back in March of 2017. So on March 1st of 2017, you buy your first ever bitcoin, 100 dollars, and today you have 1 bitcoin. In this period, you have invested 11300 dollars of your own money, and now you have 1 full bitcoin, which is roughly around 60k, but peaked at 125k as we know.

So, it was a great investment if you did, and we are not talking about something impossible, it's literally just 100 bucks. You could have gained that much on average simply from signature campaigns too if you wanted. Or you could have invested 200 dollars instead of 100 dollars, and could have started in much later and still reached it.

When calculating a fixed monthly amount and a time frame of several years, it may be wrong to assume that the future price is constant. Because the monthly income or future Bitcoin price will never be uniform. As you say, it may have been possible to get 1 Bitcoin with $100 in the past, but there is probably a big trap. We who are investors today cannot measure the future with the price of 2017 because doing so may be wrong.

If you start with $100 a month today, your purchase amount may remain the same every month, but the amount of Bitcoin you will receive will not always be the same. If the price of Bitcoin only increases for several years, then that same $100 will gradually receive less Bitcoin. So in my opinion, when you multiply the monthly purchase amount by the year to reach 1 Bitcoin, it may definitely be wrong or not realistic.

 Don't get me wrong, 1 Bitcoin is not impossible. But you probably shouldn't expect the same numbers and timeframes from the past to repeat themselves in the future.

[whiteblue]

If you live in a third-world country and earn only a minimum wage, it will really take a long time to accumulate a whole Bitcoin.

Instead of focusing on how long it will take or how much BTC you can get, focus on growing your USDT instead. Don't lock yourself into a goal that you already know will take a very long time to achieve. You might end up missing other opportunities if you do that.

Explore and look for other ways to grow your USDT. That way, who knows, you might get lucky and reach a whole BTC much sooner than you estimated, or even accumulate more than that.

No, USDT will Inflate and eventually plummet. I might prefer another approach, buying regularly, even though it takes time. In other words, we have many opportunities along the investment journey to aggressively buy Bitcoin.

Sometimes, We initially intend to buy Bitcoin regularly with $50, but suddenly, we're tempted by other strategies that lead us to make the wrong investment decisions.

Perhaps we live in a third-world country, so we start small, within our financial means. To overcome ego, perhaps 1 BTC is the most satisfying achievement in our country, Because where we live, 1 BTC can build four houses at current prices.

[Asuspawer09]

Reaching the 1 BTC is a great achievement and the value token was just too high and continued to skyrocket even at bear market it was a serious amount of money it wasn't just something that you could buy in one go unless your somekind of millionaire or billionaire, but it wasn't something that normal people can buy. It is going to take a long time to reach 1 Bitcoin depending on your weekly accumulation or how lucky you are in the market or how you manage your Bitcoin; it might take years for sure.

In my case, it wasn't worth it in my opinion to calculate since I'm focusing on the right number to invest and accumulate every week or month, so it wasn't a high number and I think it might take a verylong time if I do make good decisions in my portfolio, but Im focusing on investing the right amount where it is not going to hurt my finances because I don't really have a lot of liquidity or savings yet, back when I was just getting started I didn't start saving I was more on putting everything on Bitcoin, but now I realize how important stability, and i need to save first and build my finaces before even starting to push the button and put a lot of investments.

[Mame89]

Bitcoin's price isn't stagnant it can sometimes rise sharply, but it can also fall. If the BTC price rises sharply, it will actually make it much slower to reach 1 BTC by accumulating $50 per week, potentially taking more than 32 years. Because when the Bitcoin price rises, accumulating $50 per week, that amount is too small to realistically target 1 BTC. This will only make you more burdened with investing. So, my advice is not to push yourself too hard to target 1 BTC. It's better to focus on DCA without thinking about it.

The point is don't chase 1 BTC desperately or make it your main target accumulating $50 per week. Having even 0.1 or 0.3 BTC can be very impactful if Bitcoin continues to grow long term. So, focus now on implementing the best strategy with DCA consistently and increase the amount of Bitcoin purchased as income increases. Occasionally you can also implement a lump sum strategy when there is a good opportunity or chance when Bitcoin experiences a major crash.

[Pi-network314159]

Bitcoin's price isn't stagnant it can sometimes rise sharply, but it can also fall. If the BTC price rises sharply, it will actually make it much slower to reach 1 BTC by accumulating $50 per week, potentially taking more than 32 years. Because when the Bitcoin price rises, accumulating $50 per week, that amount is too small to realistically target 1 BTC. This will only make you more burdened with investing. So, my advice is not to push yourself too hard to target 1 BTC. It's better to focus on DCA without thinking about it.

Actually Bitcoin price keep growing by the day, and it is not compulsory that one must buy a whole Bitcoin, it just the Matter of financial capabilities, if one should invest $50 weekly, it may even supersede the 32 years example because Bitcoin is not stagnant but volatile. It is good to adopt the DCA strategy though but it will still have no permanent fixed price, it will varies in Price and most importantly you will adopt the buy the dip and lump sum, all his is to increase your investment to meet the 1bitcoin marathon. But apart from that, it can't work.

[Popkon6]

I think we should calculate how long we will continue buying bitcoin and when we will enjoy it. Because if we are 30 years old, it will take us 32 years to reach 1 BTC with $50 per week. By the time we are 62, We will have 1 BTC.
Do you estimate how long You have set aside to buy bitcoin?

You should never set a time limit for investing in Bitcoin, but your income should determine how much money you can invest each week or month. Those with a good source of income can buy more Bitcoin, and those with a low source of income can invest a smaller amount of money in Bitcoin.
But yes, that is why you should plan to hold Bitcoin for a few years as a long-term plan, the longer you can hold Bitcoin, the more benefits you will be able to receive. If you follow this in your current position, then this will be the most effective. And investing in Bitcoin by following the DCA method is quite an initiative, in which the Bitcoin investor will be more attracted and will be able to maintain Bitcoin comfortably by purchasing it in the future if his income source is good.

[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.

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.

Accumulating 1 BTC right now is like accumulating 1 kg of gold in 2010 (gold was very popular that year - many considered it a money-making machine due to its previous ROI). By doing so, you are always a step behind.

Apply the DCA strategy to assets that are currently undervalued (not ones that were undervalued in the past). And don't say there are no undervalued assets these days!

[whiteblue]

Bitcoin's price isn't stagnant it can sometimes rise sharply, but it can also fall. If the BTC price rises sharply, it will actually make it much slower to reach 1 BTC by accumulating $50 per week, potentially taking more than 32 years. Because when the Bitcoin price rises, accumulating $50 per week, that amount is too small to realistically target 1 BTC. This will only make you more burdened with investing. So, my advice is not to push yourself too hard to target 1 BTC. It's better to focus on DCA without thinking about it.

The point is don't chase 1 BTC desperately or make it your main target accumulating $50 per week. Having even 0.1 or 0.3 BTC can be very impactful if Bitcoin continues to grow long term. So, focus now on implementing the best strategy with DCA consistently and increase the amount of Bitcoin purchased as income increases. Occasionally you can also implement a lump sum strategy when there is a good opportunity or chance when Bitcoin experiences a major crash.

If our target is 1 BTC, we naturally exceed 0.1 or 0.2, so holding below 1 BTC is an unplanned stoppage, as our current target is 1 BTC.

If we look at the Bitcoin price cycle, there are always unpredictable surprises, both down and up. Therefore, if the price continues to fall, the time it takes to reach 1 BTC will become shorter, and vice versa.

My estimate is that 32 years is a very long time to invest, and it might even be riskier, as the internet might shut down in the next 32 years. But that's not what we afraid of, what we afraid of is losing our private key or forgetting it, which makes us unable to access btc.

[Lucius]

~snip~
My estimate is that 32 years is a very long time to invest, and it might even be riskier, as the internet might shut down in the next 32 years. But that's not what we afraid of, what we afraid of is losing our private key or forgetting it, which makes us unable to access btc.

An ordinary man and a project of 30+ years? I think the success rate is very low for something like that just in terms of being consistent, and everything that can go wrong during that period is a very long list. My opinion is that people should set a much lower goal because the time when the price of BTC was a few hundred or just a few thousand $ is long behind us.

Apart from that, I will say from experience that it is nothing special to have 1 BTC, because after that you will want to have 2, then 5 and so on.

[Hardyrobust]

I think we should calculate how long we will continue buying bitcoin and when we will enjoy it. Because if we are 30 years old, it will take us 32 years to reach 1 BTC with $50 per week. By the time we are 62, We will have 1 BTC.
Do you estimate how long You have set aside to buy bitcoin?

You should never set a time limit for investing in Bitcoin, but your income should determine how much money you can invest each week or month. Those with a good source of income can buy more Bitcoin, and those with a low source of income can invest a smaller amount of money in Bitcoin.
But yes, that is why you should plan to hold Bitcoin for a few years as a long-term plan, the longer you can hold Bitcoin, the more benefits you will be able to receive. If you follow this in your current position, then this will be the most effective. And investing in Bitcoin by following the DCA method is quite an initiative, in which the Bitcoin investor will be more attracted and will be able to maintain Bitcoin comfortably by purchasing it in the future if his income source is good.

There is nothing wrong if an investor decides to set a timeline for holding bitcoin. This will eventually act as a motivation for them to be consistent with there bitcoin accumulation because most people may end up not being consistent with there bitcoin accumulation despite they are using DCA strategy.They may decides not to be buying on regular intervals probably due to procrastination. But if they have a timeline, there will definitely be motivation to be consistent in other for them to be able to achieve their target. Even if they are unable to there is always room for them to adjust there timeline.

[alankasman]

...

You should never set a time limit for investing in Bitcoin, but your income should determine how much money you can invest each week or month. Those with a good source of income can buy more Bitcoin, and those with a low source of income can invest a smaller amount of money in Bitcoin.
But yes, that is why you should plan to hold Bitcoin for a few years as a long-term plan, the longer you can hold Bitcoin, the more benefits you will be able to receive. If you follow this in your current position, then this will be the most effective. And investing in Bitcoin by following the DCA method is quite an initiative, in which the Bitcoin investor will be more attracted and will be able to maintain Bitcoin comfortably by purchasing it in the future if his income source is good.

There is nothing wrong if an investor decides to set a timeline for holding bitcoin. This will eventually act as a motivation for them to be consistent with there bitcoin accumulation because most people may end up not being consistent with there bitcoin accumulation despite they are using DCA strategy.They may decides not to be buying on regular intervals probably due to procrastination. But if they have a timeline, there will definitely be motivation to be consistent in other for them to be able to achieve their target. Even if they are unable to there is always room for them to adjust there timeline.

This demonstrates their sense of consistency in investing leading them to prefer a long-term pattern for holding Bitcoin. They also consider the fundamentals before choosing this method. Once they find a method they will choose based on their capabilities starting with their stable income. This is the reason they invest long-term. They also see the DCA strategy as very convenient as they don't have to invest the same amount each time they want to accumulate.

for example this month they accumulate a very medium amount and for the next month they will be more than the previous month so this may be they prefer to do it with a long-term pattern in investing in Bitcoin so that in the future they can have assets that become their support for old age and after that I think they do long-term in investing there must be their target for several years so doing regular accumulation is the right step for them because investing is also the same as saving so they can have a point that has sometimes been their target and goal that has been realized.

[Marvelockg]

Instead of focusing on how long it will take or how much BTC you can get, focus on growing your USDT instead. Don't lock yourself into a goal that you already know will take a very long time to achieve. You might end up missing other opportunities if you do that.

I think that the first step is to believe that it is possible to for you to accumulate up to 1BTC. once you have come to terms with that fact, you just have to set up the right system that keeps you invested even though it is still possible that you might not be able to get to that number of bitcoin within your lifetime if you are not putting in too much bitcoin USDT at a go.

Depending on how much you are putting into your investment, getting one bitcoin is not too difficult but it is just best to know that getting one bitcoin is not an ultimate decider that you have achieved something really remarkable. invest at your own pace and set an investment goal that suits your financial ability.

[yudi09]

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

I think we should calculate how long we will continue buying bitcoin and when we will enjoy it. Because if we are 30 years old, it will take us 32 years to reach 1 BTC with $50 per week. By the time we are 62, We will have 1 BTC.
Do you estimate how long You have set aside to buy bitcoin?

Well, you’ll reach 1 BTC even faster if you invest more than $500 per week.
A sound investment strategy that’s already familiar to many investors is DCA. This approach is very helpful for people who want to invest, including in Bitcoin.

Bitcoin’s market price is hard to predict. By setting a fixed budget and making regular purchases every week or month, investors can stay focused without being distracted by market fluctuations.
If I were to calculate how long I’ve been in the crypto space, I might already own more than 1 BTC. I’m focusing on the best way to reach 1 BTC without being burdened by time constraints.

[Lucius]

~snip~
If I were to calculate how long I’ve been in the crypto space, I might already own more than 1 BTC. I’m focusing on the best way to reach 1 BTC without being burdened by time constraints.

You registered on the forum before me (2014), and if you don't have at least 1 BTC today, you either made a big mistake somewhere or you gambled away what you've accumulated over the years. Today it is a hundred times harder (more expensive) to reach 1 BTC than 10+ years ago when you could do it in a few months through faucets, or you simply bought 1 BTC for $200+.

However, if you have a goal and if you are persistent, maybe one day you will achieve what seems difficult to achieve from today's perspective.

[reagansimms]

I never set a time limit for how long it will take to reach 1 Bitcoin because during the accumulation process, I really enjoy every satoshi I manage to collect. During the investment process, I never thought about how long it would take to reach 1 Bitcoin, but I always prioritized how long I could consistently invest. I don't mind at all how much I can afford to invest regularly because no matter what the amount, I can still have Bitcoin. However, if your target is to acquire 1 Bitcoin before you turn 45, then you will need to increase your average purchase budget.

So far, I have always relied on my own formula for investing in Bitcoin. Each time I purchase, the amount depends on the financial strength I have at that time, for example $50/Week does not burden me, so the amount is very realistic. Every time I get additional funds, I always increase the purchase amount, I also prioritize targeting time, not the amount because it is more realistic for me to do DCA consistently in the long term of more than 10 years than having to target 1 Bitcoin.