Does it take us a long time to reach 1 BTC

[B2Z]

You have explained through simple calculations that if you keep buying Bitcoin with that specific amount of money and if its continuity is maintained uninterruptedly, it will still take more than 30 years to accumulate a full Bitcoin in your wallet. This is only as your fixed amount, but if you can continuously buy Bitcoin with a larger amount of money, then the time to meet this target will be reduced. That is, everything will depend on your consistency and the rate of your investment purchase. Those who have a good financial condition can buy multiple Bitcoins at the same time, while those whose financial condition is not very good may hope to buy a full Bitcoin, but that dream is no longer fulfilled. However, if we have a strong desire in our minds, then we should continue to try, even if it takes more time, this dream may come true at some point.

[Fara Chan]

I guess you mean to say a DCA holding plan for Bitcoin not DCA trading planning plan for Bitcoin  because you can't be trading and be talking about reaching 1 Bitcoin that will impossible ordinarily. Indeed, buying Bitcoin and holding requires discipline and enthusiasm generally without which your portfolio won't see growth and in slow and steady growing of your Bitcoin asset, DCA strategy becomes a healthy option.

Your suggestion is also a good one in this case, but some people may not understand that trading and investing are two very different things. Therefore, everyone must be able to make their own decisions from the start or determine their steps early on to avoid making the wrong choice when they want to accumulate Bitcoin in the next few years. Trading with the hope of accumulating a large amount of Bitcoin is quite difficult and even impossible for most people due to the potential for losing positions when the market changes. Therefore, choosing DCA to accumulate Bitcoin is definitely a wise choice without having to trade for days.

[Loyang]

I guess you mean to say a DCA holding plan for Bitcoin not DCA trading planning plan for Bitcoin  because you can't be trading and be talking about reaching 1 Bitcoin that will impossible ordinarily. Indeed, buying Bitcoin and holding requires discipline and enthusiasm generally without which your portfolio won't see growth and in slow and steady growing of your Bitcoin asset, DCA strategy becomes a healthy option.

Your suggestion is also a good one in this case, but some people may not understand that trading and investing are two very different things. Therefore, everyone must be able to make their own decisions from the start or determine their steps early on to avoid making the wrong choice when they want to accumulate Bitcoin in the next few years. Trading with the hope of accumulating a large amount of Bitcoin is quite difficult and even impossible for most people due to the potential for losing positions when the market changes. Therefore, choosing DCA to accumulate Bitcoin is definitely a wise choice without having to trade for days.

Yes you are right, this is the case with some new people, they see about trading online and they do not know what is called investment. Every person needs to have a complete understanding of it and when they can have a complete understanding then they will definitely be able to choose the right path. If that person knows about Bitcoin and if they know about trading and investment from the beginning then they will definitely choose the path of investment.

There are many who are only willing to do trading, trading is very risky and the chances of success in trading are very low and very few people have been able to succeed in trading. So do not get attracted towards trading and continue to buy continuously through the DCA method, this is the best decision

[Merit.s]

Trading with the hope of accumulating a large amount of Bitcoin is quite difficult and even impossible for most people due to the potential for losing positions when the market changes. Therefore, choosing DCA to accumulate Bitcoin is definitely a wise choice without having to trade for days.

I agree with you that it's wrong for any long term investor to think that he can use trading to multiply his bitcoin stash overtime because of the volatile nature of bitcoin that do put traders at loss in the long run. It is not a good investment strategy to buy and sell when the price is high in order to buy back cheaper to increase your bitcoin stash.

 I see it as a form of gambling and not trading because that"s a very risky move that will put you at loss overtime. It's also like a form of waiting because you have to wait for the dip to play out before buying cheaper and if the dip didn't come and you have sold all your bitcoin and the price start pumping higher, you will keep waiting as a no coiner.

 I can't imagine myself to be accumulating period and I don't have any bitcoin in my possession because I am waiting to buy cheap. Any accumulation practice that involves waiting or will make you reduce your bitcoin stash or transit from a low coiner to a no coiner is a wrong investment practice and every long term bitcoin investor should not follow that part. This is why it;s good to use DCA method and stay focused on only accumulating bitcoin consistently and persistently overtime till you reach your bitcoin stash. Buying and selling is a big distraction and it will make you lose focused and disorganized on your bitcoin accumulation journey.

[Primark]

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 choice is yours, I know my age and I know very well that with $50 invested on Bitcoin every month I can never get to 1BTC in my life time, even if I live that long I won't be the one enjoying it because I will be so old already.

Sometimes it's good to plan out your life when you still have the chance, if you want 1 BTC before your time runs out it's better to make more than $50, investing $150 every month will be way better, it will happen pretty faster.

You will also have many years left to enjoy your money, I don't see any proudness in making your money and your body is extremely old that you can't even travel around by yourself.

I actually think it's probably best not to guarantee that a person who invests $50 a month will never acquire a full bitcoin in their lifetime. Because you don't know what the price of bitcoin will be in the future and how much their investment capacity will change. Then again, you know that it's not possible for everyone to triple their purchase amount just to acquire a bitcoin quickly.

A person might be able to invest $50 a month after covering all expenses. But if they start investing $150 beyond their means, they might be forced to sell that bitcoin later when they need it. Trying to acquire bitcoin quickly is destroying their entire plan. But if they can continue to buy according to their current capacity, they will probably be able to increase their purchase amount in the future as their income or discretionary income increases.

[Somegory]

Just do it, I don't buy the idea of making up your mind on something that might either perform worse or good in the future, but doing nothing will task you more than doing something, that's the difference.

Let your future be so adventurous that when the time arrives you really can't fail, this is what I like to feel like, the future value of Bitcoin is unknown and that's why I will do it, invest what you can, even $5000 in Bitcoin today can help you alot by 2035.

It doesn't have to turn into retirement fund, just something meaningful is enough, I am also solo mining Bitcoin, I could solve a block one day, it should be a adventurous journey not the what if only.

[Hewlet]

let your future be so adventurous that when the time arrives you really can't fail, this is what I like to feel like, the future value of Bitcoin is unknown and that's why I will do it, invest what you can, even $5000 in Bitcoin today can help you alot by 2035.

Setting a goal as per where we want to see ourselves in a set time regarding our bitcoin investment is a good thing but focusing too much on it can be a major distraction. for instance, if you are investing a particular amount per month, you can calculate the time it will take you to reach 1BTC and if you are consistent with it, you can reach that goal. but that should not be a limitation that stops you and make you limit yourself to just that goal. there is no limit to the quantity of bitcoin you can acquire if you are consistent with your investment and at the right time increase on your DCA amount,  it is all about how intentional you are as an investor.

[sotelorene]

Your suggestion is also a good one in this case, but some people may not understand that trading and investing are two very different things. Therefore, everyone must be able to make their own decisions from the start or determine their steps early on to avoid making the wrong choice when they want to accumulate Bitcoin in the next few years. Trading with the hope of accumulating a large amount of Bitcoin is quite difficult and even impossible for most people due to the potential for losing positions when the market changes. Therefore, choosing DCA to accumulate Bitcoin is definitely a wise choice without having to trade for days.

You are absolutely correct, and sometimes some find it difficult to differentiate between trading and investing because both involve making profit but the profit of Investment is always in the long run and I can say that is safest and nicest way to go about Bitcoin especially if someone doesn't want to lose money so easily because it help you save your money and grow with time but in trading, you are liable to make losses and unfortunately winning is not certain.

[Berry2d]

Your suggestion is also a good one in this case, but some people may not understand that trading and investing are two very different things. Therefore, everyone must be able to make their own decisions from the start or determine their steps early on to avoid making the wrong choice when they want to accumulate Bitcoin in the next few years. Trading with the hope of accumulating a large amount of Bitcoin is quite difficult and even impossible for most people due to the potential for losing positions when the market changes. Therefore, choosing DCA to accumulate Bitcoin is definitely a wise choice without having to trade for days.

You are absolutely correct, and sometimes some find it difficult to differentiate between trading and investing because both involve making profit but the profit of Investment is always in the long run and I can say that is safest and nicest way to go about Bitcoin especially if someone doesn't want to lose money so easily because it help you save your money and grow with time but in trading, you are liable to make losses and unfortunately winning is not certain.

Both trading and investment are profitable investment option depending on experience and investment choices,  many prefers trading because of its tendency of providing quick profit without wasting time but may not like investment because of time consuming  but I will say know matter what long time investment is the best approach to bitcoin investment.
Yes time wasting is one of the reason many don't like it but its better wasting time than going into trading which is same as gambling when we know there is no assurance in it.
 With the fluctuation in the investment market today I will say long time investment option should be adapted because Bitcoin is going to make an unpredictable increase that will transform the life of investors.

[Primark]

Your suggestion is also a good one in this case, but some people may not understand that trading and investing are two very different things. Therefore, everyone must be able to make their own decisions from the start or determine their steps early on to avoid making the wrong choice when they want to accumulate Bitcoin in the next few years. Trading with the hope of accumulating a large amount of Bitcoin is quite difficult and even impossible for most people due to the potential for losing positions when the market changes. Therefore, choosing DCA to accumulate Bitcoin is definitely a wise choice without having to trade for days.

You are absolutely correct, and sometimes some find it difficult to differentiate between trading and investing because both involve making profit but the profit of Investment is always in the long run and I can say that is safest and nicest way to go about Bitcoin especially if someone doesn't want to lose money so easily because it help you save your money and grow with time but in trading, you are liable to make losses and unfortunately winning is not certain.

Both trading and investment are profitable investment option depending on experience and investment choices,  many prefers trading because of its tendency of providing quick profit without wasting time but may not like investment because of time consuming  but I will say know matter what long time investment is the best approach to bitcoin investment.
Yes time wasting is one of the reason many don't like it but its better wasting time than going into trading which is same as gambling when we know there is no assurance in it.
 With the fluctuation in the investment market today I will say long time investment option should be adapted because Bitcoin is going to make an unpredictable increase that will transform the life of investors.

The probability of Bitcoin performing well in the long term and the certainty of doing well in the long term are not the same thing. It is not that your life will change if the price of Bitcoin increases. Your results will depend on the amount of investment, the average purchase price, the holding period and your personal financial situation. There is a lot of logic in long-term investing, but it does not mean that planning for the long term will exempt you from the risk of big price drops, emergency expenses or forced sales.

I am really disappointed that you think that long-term investing is a waste of time. Do you think that those who have been investing regularly for the last 8-10 years have wasted their time?

I think the answer is "no". As you can see, most long-term investors are in a good position. Again, many people have planned for the long term but have sold out long ago due to necessity or greed.

[liuka]

The probability of Bitcoin performing well in the long term and the certainty of doing well in the long term are not the same thing. It is not that your life will change if the price of Bitcoin increases. Your results will depend on the amount of investment, the average purchase price, the holding period and your personal financial situation. There is a lot of logic in long-term investing, but it does not mean that planning for the long term will exempt you from the risk of big price drops, emergency expenses or forced sales.

I am really disappointed that you think that long-term investing is a waste of time. Do you think that those who have been investing regularly for the last 8-10 years have wasted their time?

I think the answer is "no". As you can see, most long-term investors are in a good position. Again, many people have planned for the long term but have sold out long ago due to necessity or greed.

Long term planning in Bitcoin investment is very appropriate from the very beginning of Bitcoin accumulation. We must be confident that every purchase we make will be held for the long term. How many satoshis, how many dollars, how many hundreds of dollars we set aside to buy Bitcoin, we can build a pile of BTC for our retirement.

The road to success requires a long journey. Therefore, we must focus and consistently invest and never worry about short-term price fluctuations.

Wherever we are now, Bitcoin is superior to fiat because of its advantages. Bitcoin will forever be a unique asset among existing assets.

[Odusko]

Both trading and investment are profitable investment option depending on experience and investment choices,  many prefers trading because of its tendency of providing quick profit without wasting time but may not like investment because of time consuming  but I will say know matter what long time investment is the best approach to bitcoin investment.
Yes time wasting is one of the reason many don't like it but its better wasting time than going into trading which is same as gambling when we know there is no assurance in it.
 With the fluctuation in the investment market today I will say long time investment option should be adapted because Bitcoin is going to make an unpredictable increase that will transform the life of investors.

Trading and investment as aim for Bitcoin accumulation and portfolio building have to be clearly stated and chosen after carefully observing all the risks that come with both choices. Trading risk is possible losing of capital if the trade goes against you.

One may think that trading is profitable and a quicker way to accumulate Bitcoin, but also we must mind the risk that come with that choice and how if affect our overall amount in accumulation. Investments is a steady accumulation via DCA which is without the risks that comes with trading.

[Lucano]

Do you estimate how long You have set aside to buy bitcoin?

I don't take it into account because it's just a waste of time. There is no plan for how much and no target for how much, I don't want to be tied to investments like that, because I always feel burdened when I don't have the money to buy it, all I do is buy whatever I want, no matter how much I don't care, and I don't plan it for retirement funds but I focus on keeping it circulating in my finances.

[JayJuanGee]

Your suggestion is also a good one in this case, but some people may not understand that trading and investing are two very different things. Therefore, everyone must be able to make their own decisions from the start or determine their steps early on to avoid making the wrong choice when they want to accumulate Bitcoin in the next few years. Trading with the hope of accumulating a large amount of Bitcoin is quite difficult and even impossible for most people due to the potential for losing positions when the market changes. Therefore, choosing DCA to accumulate Bitcoin is definitely a wise choice without having to trade for days.

You are absolutely correct, and sometimes some find it difficult to differentiate between trading and investing because both involve making profit but the profit of Investment is always in the long run and I can say that is safest and nicest way to go about Bitcoin especially if someone doesn't want to lose money so easily because it help you save your money and grow with time but in trading, you are liable to make losses and unfortunately winning is not certain.

Both trading and investment are profitable investment option depending on experience and investment choices,  many prefers trading because of its tendency of providing quick profit without wasting time but may not like investment because of time consuming  but I will say know matter what long time investment is the best approach to bitcoin investment.
Yes time wasting is one of the reason many don't like it but its better wasting time than going into trading which is same as gambling when we know there is no assurance in it.
 With the fluctuation in the investment market today I will say long time investment option should be adapted because Bitcoin is going to make an unpredictable increase that will transform the life of investors.

You are delusional @Berry2d if you really believe that a trader is going to be anywhere as close to the same level of profits as a bitcoin investor, especially after 8 years or more.  Do you need to see some numbers for the guy who DCA'd over the past 8 years or more and then compare those numbers to the numbers of a trader?  ONLY rare traders would be able to come close to doing as well as the bitcoin investor.

Sure, past performance does not indicate future performance, yet it seems quite delusional to expect traders to do better in the future as compared with the regular bitcoin investor who ongoingly buys bitcoin and error on the side of HODLing.

Maybe I should give an example?

Let's say that a guy came to bitcoin in November 2018 and he front loaded his investment between November 2018 and May 2019 by buying $3k per week of bitcoin and invested $9k to get 2 bitcoin.  Thereafter from June 2019 to present, he invested $100 per week, and so then he would have had invested another $117k, and accumulated about 4.734 BTC.

So then after 8 years his total amount invested would be $126k, and he would have 6.734 BTC, which to me seems like a great place to be.  You think that a trader would have had been able to do better than the investor.  I doubt it.  The chances would have had been quite difficult for a trader to outperform a bitcoin investor in the past 8 years or more.  Are you going to argue that a trader could have had done better?  Do you believe trading into the future is going to be better than it was in the past as compared with the bitcoin investor?

Do you estimate how long You have set aside to buy bitcoin?

I don't take it into account because it's just a waste of time. There is no plan for how much and no target for how much, I don't want to be tied to investments like that, because I always feel burdened when I don't have the money to buy it, all I do is buy whatever I want, no matter how much I don't care, and I don't plan it for retirement funds but I focus on keeping it circulating in my finances.

You have been registered here since April 2013 (about 10 months longer than me), yet you have not accumulated bitcoin in those past 13.5-ish years?  Your ideas about bitcoin do not seem to be good ones.