My actual 10 year BTC plan

[ArabBTC]

Been meaning to write this down somewhere other than a notes app, so here goes. I'm not trying to time anything anymore, I spent enough years watching charts and guessing tops to know I'm not good at it. So the plan going forward is boring on purpose.

Fixed amount every week regardless of price, no pausing when it dips, no doubling up when it pumps. The whole point is removing my own judgement from the equation because my judgement is usually just fear or greed wearing a disguise. Self custody from day one, cold storage, and I'm treating every buy as basically gone the moment it lands in the wallet, not something I check daily.

Ten years is long enough to catch at least two more full cycles, maybe three, and honestly I don't think in terms of price targets anymore. I think in terms of stack size and time in market. If I'm still adding sats every week in 2036 regardless of whether we're at 40k or 400k, I'll consider the plan a success even if the number never hits anything specific.

Does this makes me the smartest man alive?

Your decision of a long-term investment is perfect, it is a sign of your in-depth knowledge about bitcoin, most newbies see bitcoin as a get rich quick scheme and are never patient with their investment, creating a 10 years bitcoin holding plan is a wise decision, the reward you will get in 10 years will be worth more than the risk, the future of bitcoin remains bright judging from it’s current value today, any investor that can hold for that long will make a huge profit.

[philipma1957]

Been meaning to write this down somewhere other than a notes app, so here goes. I'm not trying to time anything anymore, I spent enough years watching charts and guessing tops to know I'm not good at it. So the plan going forward is boring on purpose.

Fixed amount every week regardless of price, no pausing when it dips, no doubling up when it pumps. The whole point is removing my own judgement from the equation because my judgement is usually just fear or greed wearing a disguise. Self custody from day one, cold storage, and I'm treating every buy as basically gone the moment it lands in the wallet, not something I check daily.

Ten years is long enough to catch at least two more full cycles, maybe three, and honestly I don't think in terms of price targets anymore. I think in terms of stack size and time in market. If I'm still adding sats every week in 2036 regardless of whether we're at 40k or 400k, I'll consider the plan a success even if the number never hits anything specific.

Does this makes me the smartest man alive?

Not enough info. A 10 year dca is okay, but what else are you doing?

Ie if the only savings you do is btc dca and nothing else you make yourself vunerable to a financial issue and all you can do is spend the btc.

[MusaPk]

Your decision of a long-term investment is perfect, it is a sign of your in-depth knowledge about bitcoin, most newbies see bitcoin as a get rich quick scheme and are never patient with their investment, creating a 10 years bitcoin holding plan is a wise decision, the reward you will get in 10 years will be worth more than the risk, the future of bitcoin remains bright judging from it’s current value today, any investor that can hold for that long will make a huge profit.

The best way to invest in Bitcoin is to invest for long term i.e. 10 years or more because that will maximise your profit. In short term you will either get no profit from Bitcoin or profit will be minimum. Bitcoin is not something that will make you rich in few days and those who are in hurry of becoming rich must stay away from Bitcoin. People who are in their 20s or 30s have ideal opportunity to invest in Bitcoin because if they invest today then after 10 or 15 years they will be still young enough to enjoy the profit.  

[jossiel]

Does this makes me the smartest man alive?

Yes, and you're way ahead than the others who does nothing.

You buy it and forget about it... buy and forget the next.

Those who don't believe this will have to forget that it's been said to them. At point I told this to some of my friends years ago but none obliged.

This time, OP and those who are keen in doing to DCA for the next years will definitely have nothing to say but to buy and wait and forget.

[snowpega]

...
Does this makes me the smartest man alive?

So, simple is just that you are intact with your plan of accumulating more and more bitcoin using a DCA strategy, right? Because the way you expressed your thoughts on accumulating bitcoin is more like a DCA strategy. Besides this, whatever I am going to say is not any financial advice to follow, but it is my personal point of view. There is nothing wrong with holding bitcoin for 10 years; it is absolutely the best thing, also in my point of view.

In these 10 years, we may have 2 bull seasons according to the historical behaviour of the Bitcoin market. So if you are getting the best profit in the first season, then I personally think you should only book your profit from your Bitcoin investment, and once the market makes any correction from that, you can accumulate more Bitcoin, which will help you to make more profit in the second bull run in these 10 years. What do you think? DYOR!

[Dr.Bitcoin_Strange]

Does this makes me the smartest man alive?

I don't think many care much about that, this is something you are doing for your own benefit and that of your family, but if you are asking to get validation that can make you feel good, I'd say your idea is smart. Accumulating Bitcoin consistently for 10 years without looking at your portfolio to feel tempted to cash out when the plans is still premature is a smart idea and it is something that some persons have done and are still doing it, if you read a lot of post on the speculation board and also in this board, you will frequently see "DCA" Which is a strategy that is greatly adviced by some people including those that doesn't use it but know about it. This strategy is exactly what your plans of accumulation is bind to, so it's not new but it's smart.

[Bluedrem]

Let's finally understand. Yes, many people like you wait for the price to fall and when the price falls, they wait for the price to fall further, and eventually they don't invest anymore. But those who continue their investment in the DCA process do not need to give much importance to the price, they only need discretionary income. Discretionary income is needed so that you can hold your Bitcoin portfolio for a long time. You do not take anyone's word for it and do not get restless with the market movements, just continue buying Bitcoin using your discretionary income, good luck to you in advance. If you can really continue this process, then 10 years from now, i.e. in 2036, you are definitely going to be profitable.

[Alonso_]

10 years plans to invest in Bitcoin is something that is good, considering now that you’re having two circles to be investing in bitcoin, but you should have it at the back of your mind that sometimes when you have focused on buying and holding bitcoin for 10 years you might realize that 10 years wouldn’t be enough time for you to be buying and stacking bitcoin, regardless of the challenges that would come within this years of buying and holding bitcoin which is why you shouldn’t just set your priorities on 10 years circle because you can go beyond that when you realize you’ve not stacked up a good amount of bitcoin, I wish you the best of of luck in your Bitcoin journey, try doing the right things, which is buying bitcoin regularly in a more sustainable manner.

[Faisal2202]

Ten years is long enough to catch at least two more full cycles, maybe three, and honestly I don't think in terms of price targets anymore. I think in terms of stack size and time in market. If I'm still adding sats every week in 2036 regardless of whether we're at 40k or 400k, I'll consider the plan a success even if the number never hits anything specific.

Does this makes me the smartest man alive?

I think I have been doing it for some time now. I also did it in 2023. I used my signature campaign earnings as DCA. I am still accumulating from here and saving some on a monthly basis as well. Does that make me the smartest man alive? I would say yes, but also no if I am only accumulating BTC.

In 2023, I stopped accumulating because I thought I had invested enough, and if I invested anymore, I might not be able to withstand it if I lost it all.

So I stopped, which was a mistake, but I learned. And this time, I did not stop. Instead, I decreased the amount I am holding in BTC. I am now focused on diversification, not in alts, as they are not fit for diversification.

[citywise2]

Been meaning to write this down somewhere other than a notes app, so here goes. I'm not trying to time anything anymore, I spent enough years watching charts and guessing tops to know I'm not good at it. So the plan going forward is boring on purpose.

Fixed amount every week regardless of price, no pausing when it dips, no doubling up when it pumps. The whole point is removing my own judgement from the equation because my judgement is usually just fear or greed wearing a disguise. Self custody from day one, cold storage, and I'm treating every buy as basically gone the moment it lands in the wallet, not something I check daily.

Ten years is long enough to catch at least two more full cycles, maybe three, and honestly I don't think in terms of price targets anymore. I think in terms of stack size and time in market. If I'm still adding sats every week in 2036 regardless of whether we're at 40k or 400k, I'll consider the plan a success even if the number never hits anything specific.

Does this makes me the smartest man alive?

Let us forget whether this makes you the smartest man or not because at the end of the day what matters most is to be able to turn this dream into a living reality which I think you can given that you have graduated from the school of hard knocks and I wish every trader can take a clue from you. This is similar to what the president of El Salvador, Nayib Bukele did for his country and today he is a global name.

All the same, I need to pinpoint something I think can be a constrain in the future and can lead to discouragement. You talked about a fixed amount every week for 10 years? That is some task on you. Right now, it might be okay but tomorrow has its own challenges  and one cannot tell. Why not put in some breathing space into it, like once in a month or at least once in two weeks. That will not only take pressure off you, it will also provide room for you to fight and meet up in the trying days.

I will be following up to see how you are going, by the way, how about opening a page to post your activities  - of course, blocking off certain vital details, that would be a supervisor and you know what virtue they can bring to work.

[MusaMohamed]

In 2023, I stopped accumulating because I thought I had invested enough, and if I invested anymore, I might not be able to withstand it if I lost it all.

So I stopped, which was a mistake, but I learned. And this time, I did not stop. Instead, I decreased the amount I am holding in BTC. I am now focused on diversification, not in alts, as they are not fit for diversification.

If the money you used and will use for your bitcoin accumulation is your discretionary income, that means you can afford to lose it, you will accumulate bitcoin more comfortably. Your post shows me like you did not use your discretionary income for investment and bitcoin accumulation so you did a right thing by safety first, and you did stopped accumulation.

I don't say it's your bad decision but after 3 years, and during this bear market, if you have better finance now, have discretionary income now, you can restart your bitcoin accumulation next months. Bear market is very good time for accumulating bitcoin with cheaper prices so that you will be able to buy more bitcoin than doing that in a bull market.

[pawanjain]

Does this makes me the smartest man alive?

Bruh, I don't know if you are the smartest person in the world, or not. But there is no doubt that you have shown 100 times more maturity than those who have been fooled by the fake fantasy and emotional trading of crypto for the past few years!

Are you buying on chain with very small amount every week and moving it directly to a cold wallet?
If you do that, then after 10 years, more than 500 small UTXO will be deposited in your wallet!
When you go to move that Bitcoin in future, a large part of your balance may be lost just by paying network fees.
It would be better for you to buy once a month & move it to a cold wallet in a large batch instead of buying it weekly. Or when the mempool is partially free, you can consolidate all the utxos into one address with low fee.

Yeah, that's surely a pain. That's what happens with me when at one point of time I decide to move all my signature payments to another address.
All those UTXOs pump up the transaction fees. This is why I only do it once the mempool is little free and transaction fees are on the lower side.
So yeah, when buying bitcoin periodically it would be actually good to buy it in months instead.
In fact I have even tried to convince the signature manager to make the payments in monthly but in vain.

[noorman0]

-snip-
Does this makes me the smartest man alive?

So, prove it.
I only have proof from the previous cycle, and it worked well. I wouldn't call it a brilliant master plan, since we can never predict the future. But for now, I’m still doing it right up until the point where I stop making money online; that is the only risk I’m willing to take.

[Zoomic]

You have a good plan and for someone like me that's very convinced about the future of Bitcoin, I'll fully adopt it if I have the financial strength to do so.

However, you should know that have a plan is one thing and taking your emotions out of it is another thing. I've seen people who in the past talked about sticking to accumulating Bitcoin through DCA but will change their stance when the market starts dumping.

It's a good plan but not the smartest plan because there's no perfect strategy in Bitcoin. If there's anything I think you should reconsider, it's probably increasing your fixed weekly DCA maybe when your income permits or when the market conditions encourage such move.  

[yudi09]

Ten years is long enough to catch at least two more full cycles, maybe three, and honestly I don't think in terms of price targets anymore. I think in terms of stack size and time in market. If I'm still adding sats every week in 2036 regardless of whether we're at 40k or 400k, I'll consider the plan a success even if the number never hits anything specific.

Does this makes me the smartest man alive?

Avoiding day trading is a good idea. What if you set a plan every 4 or 5 years, and the next plan doesn’t differ from the previous one in each cycle? In each cycle, you could consider cashing out your Bitcoin profits in USDT or fiat currency so you can buy more when the price drops sharply again—by more than 50% from its all-time high.
My guess is that this pattern is part of a strategy planned by most people, since the goal for most people is to take profits and then buy back in when prices are low.

[HajiBagi]

It is great to hear that you have realized your mistake. If every person can come out of their trading mentality and be willing to invest for the long term then maybe they will not have to go through such mental stress and fear of losing money. Every person may understand at some point but some will understand very late and some will understand very early.

Always keep a long term investment in mind and go ahead with a long term plan it will be the best decision for you. I can't say whether you are the smartest person in the world or not but you have taken a right decision and are ahead of those people who are still involved in trading and who have not invested in Bitcoin yet.

You are a smart person if you invest in bitcoin without worrying about the price hold for long period of time, these are things every investor should think before investing in bitcoin, not thinking about the price and holding for a long time. Some individual failed to achieve their goals because they don’t have the mind to hold for a long time, and as investor, if you are not planning to hold for long time, it will be better not to invest in bitcoin.

A good investor will not think about the price before buying bitcoin because there are a lot of ways or strategies to use to buy bitcoin, DCA method one of the best that makes investor feel comfortable when buying bitcoin. New investors should know that waiting for the dip is not the best strategy to invest in bitcoin.

[Junii]

Does this makes me the smartest man alive?

Definitely it will works actually what u are saying is called DCA in Bitcoin like dollar cost averaging. In DCA the main focus is on accumulate more quantity of Bitcoin. Also you are saying u have a 10 yrs plan so I am 100% sure it will guarantee give u a good return because 10 yrs is a long time and if you do it consistently you will accumulate a huge quantity of Bitcoin and also if we see the countries now a days adopting Bitcoin in 10 yrs the price will be much higher as well because it is a whole game of supply and demand. The supply of Bitcoin is limited while demand has no limit so definitely u will thanks yourself in 10 yrs.

[Franklyn-wood]

You have a good plan and for someone like me that's very convinced about the future of Bitcoin, I'll fully adopt it if I have the financial strength to do so.

However, you should know that have a plan is one thing and taking your emotions out of it is another thing. I've seen people who in the past talked about sticking to accumulating Bitcoin through DCA but will change their stance when the market starts dumping.

It's a good plan but not the smartest plan because there's no perfect strategy in Bitcoin. If there's anything I think you should reconsider, it's probably increasing your fixed weekly DCA maybe when your income permits or when the market conditions encourage such move.  

Having a better plan for BTC can defer with different people depending on what we do for a living and how much we earn do have impacts on the overall plan towards investing in BTC.
It is better to invest gradually no matter how small the funds, we can spare for the investment is, consistency is the key to such long term investment.
Using DCA might not work for everyone depending on source of income and amount earned.

[PrivacyG]

Every body thinks they are a Trader until they find out it is not as easy as it initially seemed.

Our opinion on your strategy is not worth any thing.  And considering we can not see the future, we can only share our own opinion with you.  Mine is that it is a good thing that you stopped Trading and instead simply purchase Bitcoin accumulating it.  History shows this is a good long term plan.  If Bitcoin decides it is time to do the opposite thing for the first time and mess with us all for once, I do not know.

Bitcoin is more than just value any way.  For that reason, the direction its Market moves is not significant at all to me.

[Churchillvv]

400k in ten years well it’s quite within the realm of possibility but however having in mind not a make a specific target won already because as long as you have to stack up till whenever it makes complete since and makes you close to what you think you are! However safety and security is one thing that shouldn’t be neglected over seen as less.