Does it take us a long time to reach 1 BTC

[Brizi5000]

Having a discretionary income or sourcing discretionary is also part of the plan because we can't talk of accumulating 1 BTC when we don't have a stable source of income or consistent discretionary income. Without having a good plan it may not be possible for long term investors to be able to accumulate bitcoin for a long term. So , long term investors should have a good as per how long they plan to hold and how many bitcoin they plan to accumulate within that period of time. This will not only make them to be focused but it will give them the courage to be able to withstand short term market movement. When there is no set plans of an estimated amount of bitcoin or how long to hold, there is tendency of selling at any time because they may feel that they have accumulated enough bitcoin.

That's correct guy to get an accumulated 1 BTC it requires discipline and a stable source of income to be able to maintain or sustain a good buying consistent strategy, if one lack a good source of income it will be impossible to figure out a good discretionary income to sustain such an accumulation to get that 1 BTC but if there is a good financial ability with time and consistency one will definitely get an accumulated 1 BTC if regular dcaing is been applied and hold for years.

Investors can set for themselves a target of accumulating 1BTC in the course of their investment which is not a big problem. But it could prove to be problematic if investors set a particular period of time or years to be able to reach 1BTC because life can be unpredictable. Things change, there could be lost of job, economic downturns and so on which could affect the investors progress towards meeting his timeline for accumulating 1BTC. It is easier said than done, it is better to set sight on accumulating bitcoin regularly with a discretionary income and not to force oneself to meet expectations of 1BTC in a particular period of time.

[Hardyrobust]

Having a discretionary income or sourcing discretionary is also part of the plan because we can't talk of accumulating 1 BTC when we don't have a stable source of income or consistent discretionary income. Without having a good plan it may not be possible for long term investors to be able to accumulate bitcoin for a long term. So , long term investors should have a good as per how long they plan to hold and how many bitcoin they plan to accumulate within that period of time. This will not only make them to be focused but it will give them the courage to be able to withstand short term market movement. When there is no set plans of an estimated amount of bitcoin or how long to hold, there is tendency of selling at any time because they may feel that they have accumulated enough bitcoin.

That's correct guy to get an accumulated 1 BTC it requires discipline and a stable source of income to be able to maintain or sustain a good buying consistent strategy, if one lack a good source of income it will be impossible to figure out a good discretionary income to sustain such an accumulation to get that 1 BTC but if there is a good financial ability with time and consistency one will definitely get an accumulated 1 BTC if regular dcaing is been applied and hold for years.

Investors can set for themselves a target of accumulating 1BTC in the course of their investment which is not a big problem. But it could prove to be problematic if investors set a particular period of time or years to be able to reach 1BTC because life can be unpredictable. Things change, there could be lost of job, economic downturns and so on which could affect the investors progress towards meeting his timeline for accumulating 1BTC. It is easier said than done, it is better to set sight on accumulating bitcoin regularly with a discretionary income and not to force oneself to meet expectations of 1BTC in a particular period of time.

I don't even see that as a problem for an investor to set a time frame for accumulating 1btc. If it happens they are unable to accumulate or meet there set target within the set timeline, there is always room for them to adjust. Having a set timeline doesn't mean that they must see within that timeline but it will make them to become consistent because they already have in mind a targeted amount they plan to accumulate within a given time. This will make them to be focus and to remain committed towards achieving there long term goal. Accumulating bitcoin without having a target as per the quantity or the timeline you plan to hold can make an investor to sell in a short term due to lack of plan on how long they plan to hold before selling. I believe long term should include a set timeline and the quantity of bitcoin that we plan to have within the set timeline.

[osasshem]

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?

The goal is to have as much as you possibly can, not necessarily having 1 BTC, cause on daily, weekly, monthly and yearly basis, the price of Bitcoin is on the increase, and the more the value of Bitcoin increases, the more it depreciate on the quantity of Satoshi you purchase, meaning the amount of $50 remains stagnant, but the quantity of Satoshi purchased with $50 will continue to reduce over the years.

But if possible, maintaining the quantity of Satoshi over the coming years will be ascertained within a stipulated period of time, no matter what the price of Bitcoin will be, just that your investment power will need to increase with the trend. 

[lovesmayfamilis]

I don't even see that as a problem for an investor to set a time frame for accumulating 1btc. If it happens they are unable to accumulate or meet there set target within the set timeline, there is always room for them to adjust. Having a set timeline doesn't mean that they must see within that timeline but it will make them to become consistent because they already have in mind a targeted amount they plan to accumulate within a given time. This will make them to be focus and to remain committed towards achieving there long term goal. Accumulating bitcoin without having a target as per the quantity or the timeline you plan to hold can make an investor to sell in a short term due to lack of plan on how long they plan to hold before selling. I believe long term should include a set timeline and the quantity of bitcoin that we plan to have within the set timeline.

Established deadlines? Well, that's if there's a regular and reliable income. But what if something goes wrong? In our time, everything changes quite quickly. I'll probably agree on the amount, but I won't be able to agree on the deadlines. We need to have a goal for why we need such an amount; otherwise, mere saving quickly turns into an addiction. There are people who deprive themselves of everything in life in order to get that planned amount. And what happens next? They're afraid to do anything with their capital. I don't know; maybe someone likes it, but we only live once, and by saving on everything, even if we have the desired capital, we won't be able to increase the number of years we have in life or even the health that fades away with each passing year. We don't get younger. Nobody.

[Obulis]

I think we shouldn't focus on the time it takes to acquire BTC; we should focus on the process of how we approach it. The best way to do this is by taking advantage of dips and having a fixed BTC accumulation plan, not failing, and keeping a close eye on BTC movements.

What I can say is that right now it's feasible to buy BTC. We're in a very good moment to do so. I can't deny that I'd like to buy a lot of BTC on every pullback, every dip; it's the most advisable thing to do. The timing is the least important thing.

Focusing on how long it takes to acquire Bitcoin can honestly be tiring likewise the process of the approach. Taking advantage of the dip is a good one and saying that it's the best approach simply means investors should be dependent on it but these implies that you didn't take everything into consideration.
In one period/time or the other, one investor dip is another investor waiting time, they'll be waiting for a better dip and if waiting for the dip is the best approach, how can an investor have a fixed accumulation plan when the market is the major determinant of their Bitcoin buying?
Combo approach by having DCA at the top and always prepared to leverage on the dip through aggressive buying while still DCAing is the best approach for me which I can advise newbies to follow.

[cocadalcan]

Having a discretionary income or sourcing discretionary is also part of the plan because we can't talk of accumulating 1 BTC when we don't have a stable source of income or consistent discretionary income. Without having a good plan it may not be possible for long term investors to be able to accumulate bitcoin for a long term. So , long term investors should have a good as per how long they plan to hold and how many bitcoin they plan to accumulate within that period of time. This will not only make them to be focused but it will give them the courage to be able to withstand short term market movement. When there is no set plans of an estimated amount of bitcoin or how long to hold, there is tendency of selling at any time because they may feel that they have accumulated enough bitcoin.

That's correct guy to get an accumulated 1 BTC it requires discipline and a stable source of income to be able to maintain or sustain a good buying consistent strategy, if one lack a good source of income it will be impossible to figure out a good discretionary income to sustain such an accumulation to get that 1 BTC but if there is a good financial ability with time and consistency one will definitely get an accumulated 1 BTC if regular dcaing is been applied and hold for years.

Investors can set for themselves a target of accumulating 1BTC in the course of their investment which is not a big problem. But it could prove to be problematic if investors set a particular period of time or years to be able to reach 1BTC because life can be unpredictable. Things change, there could be lost of job, economic downturns and so on which could affect the investors progress towards meeting his timeline for accumulating 1BTC. It is easier said than done, it is better to set sight on accumulating bitcoin regularly with a discretionary income and not to force oneself to meet expectations of 1BTC in a particular period of time.

The initial goal of accumulating 1BTC may seem like a big amount, but if you can DCA regularly with your discretionary income, it may not be too difficult. If your goal is to accumulate 1BTC within 10 years, it may be possible, but if the price of Bitcoin continues to rise at the same rate as in previous years, it may be impossible for you to reach that target.

Setting a specific time frame can be problematic if the price of Bitcoin continues to rise, but there is no need to give up. Try and accumulate Bitcoin regularly, you may even get 1BTC within the time frame you set.

[Derekfunds]

I got my first BTC by selling the download code for a free game that came with one of my GPUs. I think I sold it for 2.6 BTC or something like that. It was a different time for sure. Back then people treated BTC like it was a hot potato. Nobody wanted to hold it very long in fear it would be worthless.

I won't say that today is the same as then, but a lot of people who invest in Bitcoin want to make money as soon as possible and don't feel comfortable keeping it for the long term. The remaining 95% who would never invest in Bitcoin still think the whole thing will collapse sooner or later.

You are absolutely right, I use to be in these category of people that think Bitcoin will collapse once I start investing in it,  that was why I didn't take it serious then. However, I known better now and I do use what I can afford to lose so in case of anything that happens. Most people want to breeze in and then breeze out once their portfolio is in profit but that can be very risky because it is pure trading and in trading a lot of things are required for someone to have most especially a strategy that will work out 80-90% in order to be profitable in the long time.

[Baki202]

Having a discretionary income or sourcing discretionary is also part of the plan because we can't talk of accumulating 1 BTC when we don't have a stable source of income or consistent discretionary income. Without having a good plan it may not be possible for long term investors to be able to accumulate bitcoin for a long term. So , long term investors should have a good as per how long they plan to hold and how many bitcoin they plan to accumulate within that period of time. This will not only make them to be focused but it will give them the courage to be able to withstand short term market movement. When there is no set plans of an estimated amount of bitcoin or how long to hold, there is tendency of selling at any time because they may feel that they have accumulated enough bitcoin.

That's correct guy to get an accumulated 1 BTC it requires discipline and a stable source of income to be able to maintain or sustain a good buying consistent strategy, if one lack a good source of income it will be impossible to figure out a good discretionary income to sustain such an accumulation to get that 1 BTC but if there is a good financial ability with time and consistency one will definitely get an accumulated 1 BTC if regular dcaing is been applied and hold for years.

Investors can set for themselves a target of accumulating 1BTC in the course of their investment which is not a big problem. But it could prove to be problematic if investors set a particular period of time or years to be able to reach 1BTC because life can be unpredictable. Things change, there could be lost of job, economic downturns and so on which could affect the investors progress towards meeting his timeline for accumulating 1BTC. It is easier said than done, it is better to set sight on accumulating bitcoin regularly with a discretionary income and not to force oneself to meet expectations of 1BTC in a particular period of time.

Everything depends on how well you plan, so it will be much better when you can plan and, at the same time, achieve exactly the goal, because that is one of the mistakes we are making. We need to understand that it won't be as easy as stated, but some people have plans beyond that. It wasn't easy to get one Bitcoin before, but plans can be made toward it. When you are making such plans, you also need to have emergency funds, and you also need to be disciplined so that you don't wind up spending what you already spent. And you need to put all these things in place so that when you start saving up, you won't go back to spending the money again.

[Homemade-IQ]

You are absolutely right, I use to be in these category of people that think Bitcoin will collapse once I start investing in it,  that was why I didn't take it serious then. However, I known better now and I do use what I can afford to lose so in case of anything that happens. Most people want to breeze in and then breeze out once their portfolio is in profit but that can be very risky because it is pure trading and in trading a lot of things are required for someone to have most especially a strategy that will work out 80-90% in order to be profitable in the long time.

This is a popular saying that goes like this " if you think that education is too expensive, try ignorance".

Ignorance is very costly, and it's because of ignorance you miss the opportunity to invest in bitcoin earlier, because if you were not ignorant about Bitcoin, you would have invested in it, and became one of the early investors that became a millionaire through it, so it's a good thing that you are now wiser, or you are now knowledgeable enough to invest in bitcoin without having doubt over it, so cheers for joining the winning team.

[Juicyhome]

That's correct guy to get an accumulated 1 BTC it requires discipline and a stable source of income to be able to maintain or sustain a good buying consistent strategy, if one lack a good source of income it will be impossible to figure out a good discretionary income to sustain such an accumulation to get that 1 BTC but if there is a good financial ability with time and consistency one will definitely get an accumulated 1 BTC if regular dcaing is been applied and hold for years.

why should one set a target of 1btc for the first place, when some people are buying more than one bitcoin a day, there is level to this bitcoin investment,  just as you said to get to your one bitcoin you have to be well discipline ans this is not enough you must have a stable resources and good income to be able to invest in bitcoin in the frist place, bitcoin investment requires you to have other source of income to be able to stay in the investment, is not something you will invest today and withdraw tomorrow,  it's a long time plan, to reach your 1 BTC target you have to hold for long and buy every dip or have a monthly saving to invest.  It's not easy for poor man to reach one bitcoin,  you have to hold and buy for many years. The most important thing in bitcoin investment is not about having one bitcoin but have good quantity of it. Just be part of this future of money.

[danadc]

Focusing on how long it takes to acquire Bitcoin can honestly be tiring likewise the process of the approach. Taking advantage of the dip is a good one and saying that it's the best approach simply means investors should be dependent on it but these implies that you didn't take everything into consideration.
In one period/time or the other, one investor dip is another investor waiting time, they'll be waiting for a better dip and if waiting for the dip is the best approach, how can an investor have a fixed accumulation plan when the market is the major determinant of their Bitcoin buying?
Combo approach by having DCA at the top and always prepared to leverage on the dip through aggressive buying while still DCAing is the best approach for me which I can advise newbies to follow.

Yes, buying BTC after its price drops is something you can do in addition to the DCA method, but for a beginner, it can be very difficult to grasp so many concepts without any trading experience. The beginner just wants to enter the market and make some quick money, which is understandable; everyone enters with the same intention, and that's not a bad thing.

The downside is that the beginner has to learn patience, that the market moves slowly, and that the best results are always in the long term.

[BItcoin Guy@]

You are absolutely right, I use to be in these category of people that think Bitcoin will collapse once I start investing in it,  that was why I didn't take it serious then. However, I known better now and I do use what I can afford to lose so in case of anything that happens. Most people want to breeze in and then breeze out once their portfolio is in profit but that can be very risky because it is pure trading and in trading a lot of things are required for someone to have most especially a strategy that will work out 80-90% in order to be profitable in the long time.

Many people will always think of it that way if they didn’t understand how Bitcoin always moves. Others that talk negative about bitcoin will make you think they are saying the truth, since you don’t have enough knowledge about bitcoin. Anything where doing, we just need to have believe and trust the process. When we will be talking about others, or listing to there talk, you will never do any good thing. So let us try and understand, have experience, so that anything they are saying, you will just be smiling when they are talking negative about it.

[Oshio-man]

Most people, particularly those who invest using their spare cash, will not be able to get to 1 BTC in a short period of time. It's not about getting to 1 BTC as fast as you can, it's about building up your funds without burning yourself out. If you can't afford a DCA payment due to an emergency, it's better than borrowing money to keep up a target. Bitcoin is dynamic and may not be able to be considered a quick get-rich scheme, so patience, realistic expectations and financial discipline are better than looking for a set timeframe. If you can save a little over the course of a few years, it's worth something!

Even if you are in a long term Bitcoin plan, I can almost guarantee that you will succeed in investing. To reach 1 BTC, you will have to go through a rigorous investment exercise. In contrast I would advise you to accumulate Bitcoin regularly without set target of 1 BTC. Do not create stress in your daily financial activities. If you aim for 1 BTC, you will create financial stress and will be more likely to make emotional decisions.

For those that are just starting bitcoin investment, it will be difficult for such group of investors to achieve 1 bitcoin within a month or year because they will not ignore this advice, don't invest what you can't afford to lose in bitcoin and if you can start using what you can comfortably lose without thinking of stopping bitcoin holding, I think  you will surely going to make it from bitcoin investment, I know some people have the funds to hold 1 bitcoin in a year but is not for newbies to take such risk even though they are financial stable to hold 1 bitcoin because bitcoin investment is different from other investments.

[puloweh555]

why should one set a target of 1btc for the first place, when some people are buying more than one bitcoin a day, there is level to this bitcoin investment,  just as you said to get to your one bitcoin you have to be well discipline ans this is not enough you must have a stable resources and good income to be able to invest in bitcoin in the frist place, bitcoin investment requires you to have other source of income to be able to stay in the investment, is not something you will invest today and withdraw tomorrow,  it's a long time plan, to reach your 1 BTC target you have to hold for long and buy every dip or have a monthly saving to invest.  It's not easy for poor man to reach one bitcoin,  you have to hold and buy for many years. The most important thing in bitcoin investment is not about having one bitcoin but have good quantity of it. Just be part of this future of money.

Maybe setting a 1 BTC target is often used as an initial benchmark to stay motivated for long-term accumulation while staying disciplined in regularly buying, either through DCA or taking advantage of price dips. Actually, setting a target or hoping to own 1 or 2 bitcoins isn’t an issue, even if we have to DCA with small amounts, because in my opinion this is also part of the strategy to stay consistent with bitcoin DCA. Even if we can only DCA $50 per week which seems like it would take decades to reach 1 BTC, but as you said the goal we aim to achieve should actually be part of bitcoin's future.

I mean, it's better than focusing on 1 BTC, you should first build a meaningful position according to your own financial capacity. People with limited income face real obstacles to reaching 1 BTC, so the priority should be to build a financial foundation first, then consistently buy bitcoin and hold it patiently because bitcoin is designed as a long term asset.

[Halifat]

You are absolutely right, I use to be in these category of people that think Bitcoin will collapse once I start investing in it,  that was why I didn't take it serious then. However, I known better now and I do use what I can afford to lose so in case of anything that happens. Most people want to breeze in and then breeze out once their portfolio is in profit but that can be very risky because it is pure trading and in trading a lot of things are required for someone to have most especially a strategy that will work out 80-90% in order to be profitable in the long time.

This is a popular saying that goes like this " if you think that education is too expensive, try ignorance".

Ignorance is very costly, and it's because of ignorance you miss the opportunity to invest in bitcoin earlier, because if you were not ignorant about Bitcoin, you would have invested in it, and became one of the early investors that became a millionaire through it, so it's a good thing that you are now wiser, or you are now knowledgeable enough to invest in bitcoin without having doubt over it, so cheers for joining the winning team.

On my own point of view, I see that ignorance is very cheap that is people choose that part instead of been educated, even though they have ability to make themselves educated. Sometimes sometimes some people are educated and you see them behaving like an ignorant people simply because the thing that their knowledge can give them everything. There are a lot of people who are still regretting laughing bitcoin at the beginning just because they believe it will not take them anywhere, turning back to it now is never too late because there are some people that have earlier and right now they don't have it anymore because when it worth some value they sell it out.

[yixichloro2xx]

That's correct guy to get an accumulated 1 BTC it requires discipline and a stable source of income to be able to maintain or sustain a good buying consistent strategy, if one lack a good source of income it will be impossible to figure out a good discretionary income to sustain such an accumulation to get that 1 BTC but if there is a good financial ability with time and consistency one will definitely get an accumulated 1 BTC if regular dcaing is been applied and hold for years.

why should one set a target of 1btc for the first place, when some people are buying more than one bitcoin a day, there is level to this bitcoin investment,  just as you said to get to your one bitcoin you have to be well discipline ans this is not enough you must have a stable resources and good income to be able to invest in bitcoin in the frist place, bitcoin investment requires you to have other source of income to be able to stay in the investment, is not something you will invest today and withdraw tomorrow,  it's a long time plan, to reach your 1 BTC target you have to hold for long and buy every dip or have a monthly saving to invest.  It's not easy for poor man to reach one bitcoin,  you have to hold and buy for many years. The most important thing in bitcoin investment is not about having one bitcoin but have good quantity of it. Just be part of this future of money.

Accumulating  1 BTC as an average investor is unrealistic. Even with the use of DCA , people with low discretionary income might not get to accumulate 1btc. Imagine someone who Invest $50 on a weekly basis , and let's set his accumulation period to 10 year's. That's only $26k invested over the period, and let's not even forget that Bitcoin price will surely appreciated and depreciate as well. You are right, it's only investors will huge discretionary income that can easily accumulate 1 and more BTC. Some can even do it within the span of 3 years of consistent accumulation. If an average investor is able to accumulate up to 0.005-0.1 BTC , it's a remarkable achievement for them.  The important thing is to invest within your capability and don't do beyond your means because you want to accumulate 1 BTC. But if 1 or more BTC is their goal, they will have to get other way's to generate more cash flow in order to accumulate more Bitcoin.