Does it take us a long time to reach 1 BTC

[Perfect-World]

Meanwhile the boring investor who just quietly holds and stacks wins by default.

The time in the market always beats timing the market. The quick chase of trading profits usually do leaves you with a lot of stress and fewer coins. While without losing sleep a steady DCA plan helps you to compound your stack.

As long as the bitcoin prices are generally inclined towards up, the one who is ongoingly accumulating it is likely putting himself in a good position and not gambling with his holdings by fucking around trying to figure out if he might be able to buy more later if he sells and dumb shit like that.

Sure, that's true. Perhaps, even if the price where declining in the market, an ongoingly and persistent accumulation of Bitcoin is still encouraged because we know that the decline is part of its volatile nature and surely, at some point, though not known, it will surge higher over the years. So, in all perspective, a regular and consistent buying of BTC and HODLing for 4-10 years and even longer is better off rather than looking around for short time gains by trading there BTC. Of course, for nay reason, a trader can never be compared to a long term Bitcoin investor, HODLing has always proven better over the years.

[Sammysmart001]

... It tends to take a long time to accumulate bitcoin, to build bitcoin holdings and also to build up cash flow management (and back up funds), and guys fucking around trading are not necessarily building their bitcoin holding

This part it really the main lesson.

Most individuals do think that to teach 1 BTC it all about price only, but it really about cash flow management and patience. If your backup funds is not set, any emergency will force you to sell your Bitcoin and you are going to start from zero again.

Trader do think his smart, but his paying fees, leverage and his loosing sleep. At the end of the day he will get fewer coins than the boring guy that just DCA every week. In market time is the real edge, you don’t need to time bottom. You just need to be consistent for some  time. Mange your income keep emergency funds separately and keep stacking.

That why I say that boring investor do win by default. His not gambling his building.

[Primark]

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.

There is a strong case for investing in the long term. It is also important to distinguish between trading and long-term Bitcoin accumulation. By following the DCA strategy and making regular purchases, you do not need to guess the right time. But that does not mean that the market value of your collected Bitcoins will no longer be at risk of falling. You may have been buying Bitcoins regularly for several years. But you do not have an emergency fund. In such a situation, if suddenly someone in your family needs a large amount of money for medical treatment and at that time the price of the Bitcoin you bought is below the average purchase price, you may have to sell it at a loss to meet the need. Another person may have collected Bitcoins in the same way and kept money aside for his necessary expenses and emergencies. In this case, he can meet his needs without selling during a temporary market decline. Here your method and the second person's personal financial risk are the same.

[B2Z]

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.

There is a strong case for investing in the long term. It is also important to distinguish between trading and long-term Bitcoin accumulation. By following the DCA strategy and making regular purchases, you do not need to guess the right time. But that does not mean that the market value of your collected Bitcoins will no longer be at risk of falling. You may have been buying Bitcoins regularly for several years. But you do not have an emergency fund. In such a situation, if suddenly someone in your family needs a large amount of money for medical treatment and at that time the price of the Bitcoin you bought is below the average purchase price, you may have to sell it at a loss to meet the need. Another person may have collected Bitcoins in the same way and kept money aside for his necessary expenses and emergencies. In this case, he can meet his needs without selling during a temporary market decline. Here your method and the second person's personal financial risk are the same.

Basically, DCA investment strategy is preferred by investors to make the investment journey easier. DCA is an investment strategy where an investor can continue to invest as per his wish and all types of people can fulfill their investment dreams with this investment strategy. However, you have explained another important point here that along with DCA investment, emergency fund is also very important.

Yes, emergency fund plays a very important role in ensuring the security of one's investment. Basically, investors have to keep a separate fund ready so that they do not have to sell their investments in case of sudden unexpected financial needs and that separate fund is called emergency fund.

However, emergency fund is not mandatory for everyone, now those whose income is limited and who can save some money for investment by calculating very well, do not need to take pressure in creating this emergency fund, rather they can continue investing as per their wish and if their discretionary income increases in the future, then they can think about emergency fund.

[Marvelockg]

... It tends to take a long time to accumulate bitcoin, to build bitcoin holdings and also to build up cash flow management (and back up funds), and guys fucking around trading are not necessarily building their bitcoin holding

Most individuals do think that to teach 1 BTC it all about price only, but it really about cash flow management and patience. If your backup funds is not set, any emergency will force you to sell your Bitcoin and you are going to start from zero again.

The key point to always note is that if you are building your bitcoin stack for the long term and the goal is that at a set time you should have acquired up to 1BTC or even more, you will avoid any form of distraction that has the potential of draining down your asset. things like trading, selling part of your holding while you are still buying and panic selling just because other short term investors are doing so will be completely erased from your investment plan.

The way to reach your investment goal is to focus on buying more bitcoin while you are still at your accumulation phase, build the right defense structures like your emergency fund and an improved earning capacity and ensure that you are a disciplined investor that is willing to stay true to his investment goal. it might take you a bit of a long time to reach your investment goal but the joy of being a descipline investor will override all the waiting period you had to endure.

 

[JayJuanGee]

[edited out]

However, emergency fund is not mandatory for everyone, now those whose income is limited and who can save some money for investment by calculating very well, do not need to take pressure in creating this emergency fund, rather they can continue investing as per their wish and if their discretionary income increases in the future, then they can think about emergency fund.

You are retarded B2Z.

You seem to not know the difference between investing and gambling.

If you have no emergency funds, then you are gambling.

If you want to invest, rather than gamble, then you have to build and maintain emergency funds.  Everybody.

Now there are folks who have various kinds of back up funds and resources available that they do not realize that they have back up funds, since they can tap into some other resource that they have, such as friends, family, credit line, etc etc.. but that is still a kind of emergency fund, even if it is not referred to as an emergency fund.

If you have no back up funds, then you have no way of knowing that you have all of basic expenses covered until the next time that you get paid. If you have no way of knowing that you have enough money, then the only think that you have is your bitcoin, and you want to suggest that you can use your bitcoin as your emergency funds?  How does your suggestion make any sense?

[BTC_pokaop]

Some people can buy 1 Bitcoin in a moment if they want and some people can't earn 1 BTC even after trying for many years. It depends on your income, the higher your discretionary income, the faster you can earn 1 BTC. It's not bad to set a goal and keep buying, but if you set a goal that is bigger than your ability, you may get bored while saving, so everyone should set a goal considering their ability.

[Bitcoin Maxi]

Some people can buy 1 Bitcoin in a moment if they want and some people can't earn 1 BTC even after trying for many years. It depends on your income, the higher your discretionary income, the faster you can earn 1 BTC. It's not bad to set a goal and keep buying, but if you set a goal that is bigger than your ability, you may get bored while saving, so everyone should set a goal considering their ability.

As you are investing using your discretionary income, you must ensure that you also have an emergency fund and it's important you build your emergency fund so that it does not look as if you are gambling with your money.
There are people that have the money to invest in Bitcoin so it's important that you invest based on your discretionary income since we all have different income from the job we are doing. Buying consistently is the key to Bitcoin accumulation.

[liuka]

You are retarded B2Z.

You seem to not know the difference between investing and gambling.

If you have no emergency funds, then you are gambling.

If you want to invest, rather than gamble, then you have to build and maintain emergency funds.  Everybody.

Now there are folks who have various kinds of back up funds and resources available that they do not realize that they have back up funds, since they can tap into some other resource that they have, such as friends, family, credit line, etc etc.. but that is still a kind of emergency fund, even if it is not referred to as an emergency fund.

If you have no back up funds, then you have no way of knowing that you have all of basic expenses covered until the next time that you get paid. If you have no way of knowing that you have enough money, then the only think that you have is your bitcoin, and you want to suggest that you can use your bitcoin as your emergency funds?  How does your suggestion make any sense?

I agree with you, an emergency fund is essential for investing, and it's even better if we can build an emergency fund for the next five months. Since we don't know for sure what will happen in the future, having an emergency fund will ensure that our weekly DCA will run Smoothly, allowing us to buy Bitcoin in times of need thanks to the emergency fund.

Especially since we're still in the accumulation phase, an emergency fund is crucial. Whatever theory we employ, the important thing is that we don't forget the basics, such as having an emergency fund, a reserve fund, and executing routinely.

As long as we buy consistently, little by little, or weekly, I think we'll reach 1 BTC someday.

[Berry2d]

Some people can buy 1 Bitcoin in a moment if they want and some people can't earn 1 BTC even after trying for many years. It depends on your income, the higher your discretionary income, the faster you can earn 1 BTC. It's not bad to set a goal and keep buying, but if you set a goal that is bigger than your ability, you may get bored while saving, so everyone should set a goal considering their ability.

As you are investing using your discretionary income, you must ensure that you also have an emergency fund and it's important you build your emergency fund so that it does not look as if you are gambling with your money.
There are people that have the money to invest in Bitcoin so it's important that you invest based on your discretionary income since we all have different income from the job we are doing. Buying consistently is the key to Bitcoin accumulation.

The knowledge of investing without negligence on the importance of emergency fund is the best investment practice.  Most times our investments are cut short not because we are not willing to keep investing but we a faced with an unpredictable occurrence or emergency situation that requires serious attention.
When this challenges comes, the only possible solution is the use of emergency funds that is if we have,  so its important we don't neglect the importance of keeping emergency funds as that is the only way our investments won't be cut short.
Investment for now is done based on our financial strength, so we should not be carried away by greed or any related factor but the goal which is to accumulate enough assets should be at the back of our mind.

[Hardyrobust]

You are retarded B2Z.

You seem to not know the difference between investing and gambling.

If you have no emergency funds, then you are gambling.

If you want to invest, rather than gamble, then you have to build and maintain emergency funds.  Everybody.

Now there are folks who have various kinds of back up funds and resources available that they do not realize that they have back up funds, since they can tap into some other resource that they have, such as friends, family, credit line, etc etc.. but that is still a kind of emergency fund, even if it is not referred to as an emergency fund.

If you have no back up funds, then you have no way of knowing that you have all of basic expenses covered until the next time that you get paid. If you have no way of knowing that you have enough money, then the only think that you have is your bitcoin, and you want to suggest that you can use your bitcoin as your emergency funds?  How does your suggestion make any sense?

I agree with you, an emergency fund is essential for investing, and it's even better if we can build an emergency fund for the next five months. Since we don't know for sure what will happen in the future, having an emergency fund will ensure that our weekly DCA will run Smoothly, allowing us to buy Bitcoin in times of need thanks to the emergency fund.

Especially since we're still in the accumulation phase, an emergency fund is crucial. Whatever theory we employ, the important thing is that we don't forget the basics, such as having an emergency fund, a reserve fund, and executing routinely.

As long as we buy consistently, little by little, or weekly, I think we'll reach 1 BTC someday.

Accumulating 1 btc should not be the focus but rather investor should focus on accumulating bitcoin base on  their financial capacity by using their discretionary income.  Bitcoin investment should be made to fit our financial situation and not to be targeted towards a certain amount of bitcoin that may push some people into attempting to put more than their discretionary income into bitcoin simply because they want to reach their objective of accumulating 1 btc.

[JayJuanGee]

You are retarded B2Z.
You seem to not know the difference between investing and gambling.

If you have no emergency funds, then you are gambling.

If you want to invest, rather than gamble, then you have to build and maintain emergency funds.  Everybody.

Now there are folks who have various kinds of back up funds and resources available that they do not realize that they have back up funds, since they can tap into some other resource that they have, such as friends, family, credit line, etc etc.. but that is still a kind of emergency fund, even if it is not referred to as an emergency fund.

If you have no back up funds, then you have no way of knowing that you have all of basic expenses covered until the next time that you get paid. If you have no way of knowing that you have enough money, then the only think that you have is your bitcoin, and you want to suggest that you can use your bitcoin as your emergency funds?  How does your suggestion make any sense?

I agree with you, an emergency fund is essential for investing, and it's even better if we can build an emergency fund for the next five months.

Holy shit @liuka.

You do not agree with me, since you seem to be taking nonsense completely to the opposite direction.

In other words, there is value in getting started buying bitcoin as soon as you have discretionary funds, and surely there is a need for at least a small amount of back up funds in order to make sure that you are not buying bitcoin beyond your discretionary funds.

Bitcoin and back up funds can be built up at the same time, and surely building up 5 months worth of back up funds is retarded, especially for low income people who might spend their whole live just building up their back up funds as it is ongoingly losing value and they are ongoingly putting more money into it.  That is stupid.

Sure, if a person has close to a year or even more of his expenses in bitcoin, then maybe he can be justified to start to build his cash reserves beyond 3 months of expenses, yet you better have some good reasons to be holding 5 months of expenses in cash.. that is completely dumb for poor people and/or for people who do not have hard assets, such as bitcoin.

Since we don't know for sure what will happen in the future, having an emergency fund will ensure that our weekly DCA will run Smoothly, allowing us to buy Bitcoin in times of need thanks to the emergency fund.

Many guys can start building their emergency fund from where it is at and build their bitcoin at the same time, and so many normal people will have 2-6 weeks of back up funds, so they can start with those kinds of back up funds and build the bitcoin and the back up funds together.

if they start out with bitcoin with absolutely no back up funds, then maybe they guild them together or maybe they could build up 1-2 weeks of back up funds before starting.  They can decide what seems reasonable and not overly risky.

Especially since we're still in the accumulation phase, an emergency fund is crucial.

Building bitcoin is crucial too.. and building an emergency fund does not have a higher priority than building bitcoin, especially  if a person might not already have an emergency fund, then why the fuck do they need an emergency fund prior to building bitcoin? The two (bitcoin funds and emergency funds) can be built simultaneously.

Whatever theory we employ, the important thing is that we don't forget the basics, such as having an emergency fund, a reserve fund, and executing routinely.

As long as we buy consistently, little by little, or weekly, I think we'll reach 1 BTC someday.

Guys likely are going to need to invest on average $400 or more per week for 10 years, and maybe they will get close to 1 BTC.  $400 in BTC per week would be $20k in a year and $200k in 10 years, and it is possible that bitcoin will not average $200k in the next 10-ish years.. so there needs to be some realism in regards to whether 1 bitcoin is feasible to reach based on how much the investor is investing on a regular basis.

[Tonimez]

You are retarded B2Z.

You seem to not know the difference between investing and gambling.

If you have no emergency funds, then you are gambling.

If you want to invest, rather than gamble, then you have to build and maintain emergency funds.  Everybody.

Now there are folks who have various kinds of back up funds and resources available that they do not realize that they have back up funds, since they can tap into some other resource that they have, such as friends, family, credit line, etc etc.. but that is still a kind of emergency fund, even if it is not referred to as an emergency fund.

If you have no back up funds, then you have no way of knowing that you have all of basic expenses covered until the next time that you get paid. If you have no way of knowing that you have enough money, then the only think that you have is your bitcoin, and you want to suggest that you can use your bitcoin as your emergency funds?  How does your suggestion make any sense?

I agree with you, an emergency fund is essential for investing, and it's even better if we can build an emergency fund for the next five months. Since we don't know for sure what will happen in the future, having an emergency fund will ensure that our weekly DCA will run Smoothly, allowing us to buy Bitcoin in times of need thanks to the emergency fund.

Especially since we're still in the accumulation phase, an emergency fund is crucial. Whatever theory we employ, the important thing is that we don't forget the basics, such as having an emergency fund, a reserve fund, and executing routinely.

As long as we buy consistently, little by little, or weekly, I think we'll reach 1 BTC someday.

Time spent on this forum should be commiserate with the knowledge gathered all along because that's the beauty of reading. It has been said time without numbers that you do not have to accumulate your emergency funds first before you will come and start accumulating bitcoin just like you are trying to make us believe a person should spend the first five months gathering his emergency funds before going into bitcoin accumulation proper.

Once you want to start investing in bitcoin, the first thing you have to do is to figure out your discretionary income. When you have done that, you can start buying bitcoin immediately and also simultaneously start accumulating your emergency funds too.

Don't you think that the 5 months spent gathering emergency funds first would amount to time wastage? Exactly. Do not waste such time because you can also do your bitcoin investment simultaneously with your emergency funds and backup funds.

[Loyang]

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?

It is not a must that you will accumulate upto 1 BTC before you can be successful in your bitcoin accumulation. So the goal shouldn't be to have a certain amount of BTC. But rather to have a reasonable amount of bitcoin in our portfolio and this should be based on our discretionionary income. For an investor that is using $50 discretionionary income to buy BTC they may not be able to accumulate upto 1 BTC.

Every person needs to set a realistic goal based on their financial situation. Because if someone's income is very low and if that person's discretionary income is low, then setting a goal to buy 1 Bitcoin at the current price of Bitcoin will never be realistic.

So we need to set a goal based on our financial situation. Every person needs to continue to buy consistently, and the right decision is to continue to buy consistently towards their goal.

[PhilosopherKing]

I agree with you, an emergency fund is essential for investing, and it's even better if we can build an emergency fund for the next five months. Since we don't know for sure what will happen in the future, having an emergency fund will ensure that our weekly DCA will run Smoothly, allowing us to buy Bitcoin in times of need thanks to the emergency fund.

Especially since we're still in the accumulation phase, an emergency fund is crucial. Whatever theory we employ, the important thing is that we don't forget the basics, such as having an emergency fund, a reserve fund, and executing routinely.

As long as we buy consistently, little by little, or weekly, I think we'll reach 1 BTC someday.

Time spent on this forum should be commiserate with the knowledge gathered all along because that's the beauty of reading. It has been said time without numbers that you do not have to accumulate your emergency funds first before you will come and start accumulating bitcoin just like you are trying to make us believe a person should spend the first five months gathering his emergency funds before going into bitcoin accumulation proper.

Once you want to start investing in bitcoin, the first thing you have to do is to figure out your discretionary income. When you have done that, you can start buying bitcoin immediately and also simultaneously start accumulating your emergency funds too.

Don't you think that the 5 months spent gathering emergency funds first would amount to time wastage? Exactly. Do not waste such time because you can also do your bitcoin investment simultaneously with your emergency funds and backup funds.

Yes it has been said lots of time. But him being an investor he should have already figured that out. IMO he do not even need validation from other person before he knows how dumb it is to invest with emergency funds. No one has a clue of how the future will be or what time that emergency will come. And when this emergency happens it doesn’t even even care if your investment is profitable, it just happens anyways.


This is why person shouldn’t risk using emergency fund to ongoingly invest. Even if they are on low on investment money, it is still better to use the money like that no matter the size of it. And when more discretionary income comes in, the investor can increase the amount base on their financial capacity. Emergency funds should always be kept for emergency reasons only.

[Primark]

However, emergency fund is not mandatory for everyone, now those whose income is limited and who can save some money for investment by calculating very well, do not need to take pressure in creating this emergency fund, rather they can continue investing as per their wish and if their discretionary income increases in the future, then they can think about emergency fund.

You are saying the opposite. It may not be mandatory to have a full emergency fund for a few months before starting to invest. This does not mean that an emergency fund is necessary. Especially for those with limited income and high responsibilities, an emergency fund may be even more important. To invest in the long term, you need to consider financial security to meet emergency needs. Not everyone's security system has to be the same. Some may have savings in advance, some may rely on family, friends or reliable credit facilities to some extent. These can also be options for financial security depending on the situation. But if you do not have any of these arrangements, how will you meet the necessary expenses until you get the next income? Then if Bitcoin is your only recourse to meet emergency needs, then it seems like a riskier decision than investing. I am not telling you to stop collecting Bitcoin, but rather it is possible to build an emergency fund and Bitcoin accumulation at the same time. So there is no need to stop buying Bitcoin while waiting for an emergency fund to be built. But it does not seem realistic to me at least to advise you to continue investing without any financial security.