My actual 10 year BTC plan

[Fiatless]

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.

Some people who invest in Bitcoin want to make a profit within a short period. That's why they end up disappointed since Bitcoin is not a get-rich-quick scheme. It's good to know that the OP has a long-term plan for his Bitcoin investment. They are new on the forum, which might be why he assumes that he is the smartest Bitcoin investor. Maybe he doesn't know that the DCA practice is an old strategy. Let me say that his expectations are not very high because the profits from Bitcoin are not as high like it was before.

[Mayor of ogba]

A lot of people missed out on bitcoin in trying to time in order for them to buy bitcoin at a lower price, so for you to decide not to time the market and accumulate bitcoin every week with the DCA has made you defeat procrastination which is disease that has made a lot of people missed a life changing opportunity. If you will be able to remain consistent and accumulate bitcoin for ten years you stand a good chance of accumulating large number of bitcoin even though you accumulate bitcoin with $25 every week, you will accumulate bitcoin worth $13,000 which is a reasonable number of bitcoin, and if you can hold it for a long time you can make a good fortune for yourself.

[Porfirii]

-snip-

Does this makes me the smartest man alive?

Almost. I think that the smartest man alive wouldn't rule out setting objectives or maximum limits and if they are achieved, making a sale, even partial, to recover the funds invested and ensure part of the profit.

Imagine that in 9 years half the amount you hold has a value to change your life: having decided in advance that it is not sold until the age of 10 years can pose an unnecessary risk in certain circumstances. What if the year 10 is a bear market, and the price goes down in such a way that you make a profit but it no longer solves your life?

In any case, if such a scenario were to occur, we would have more reason to rejoice than to worry, but I think you get the point.

[adultcrypto]

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?

This is called the DCA method, it is actually a cool way of going about bitcoin investment since it reduces your thinking and has a clear defined direction. This method actually save you the stress of not knowing when to buy pr regretting buying too early, it makes things a lot easier. I'm also impressed that you are considering long term which actually works very well and also has higher chances of giving profits. I can assure you that you have made the best decision and with this approach, you will be building a wonderful future for yourself.

[Finebone]

Does this makes me the smartest man alive?

No, you are not the smartest man alive because smarter people have been doing that long before you, so you only realize yourself now and wanted to start acting smart now, so it's better to say that you are just waking up from your slumber.

Buying Bitcoin periodically without paying attention to it price, which is the dca accumulating strategy is the best way to accumulate Bitcoin, because you will get to buy at every price interval, and even the deepest part of the dip most investors may miss out due to fear or waiting , and be thinking that it may dip further, so congratulations mate,  because you have joined the winning team.

[aoluain]

Does this makes me the smartest man alive?

NO! - I merited your post because they are smart moves!

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.

Thats a great observation and one a lot of people come to after a while of trying to time the
market and getting stressed fromFOMO and FUD.

With this approach you remove the stress and the consumption of time watching the markets.
Something I have done a few years ago.

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.

As above, the only target you need is your 10 year plan, I wouldnt even consider stack size, that will
take care of itself with the weekly buying.

Like everything the hardest thing is making a start
The second hardest thing will be extablishing the routine.

[JimboToronto]

There's a much simpler and more effective system than DCA:

Buy whenever you can and sell only when you absolutely must.

Take your profits in Bitcoin and keep them in Bitcoin.

[Marykeller]

Does this makes me the smartest man alive?

I can't say that until you succeed in hodling Bitcoin for the 10-year plan you have at heart, because tomorrow you might decide to change your mind and do otherwise based on one or two reasons you find about Bitcoin that threaten your long term accumulation of Bitcoin.

I have seen people who plan to invest and hodl Bitcoin for long term, but later deviate from doing that in the long run. You may actually do the same; who knows? What the future holds for you and your Bitcoin investment every week

[Emitdama]

Does this makes me the smartest man alive?

No, you are not the smartest man alive because smarter people have been doing that long before you, so you only realize yourself now and wanted to start acting smart now, so it's better to say that you are just waking up from your slumber.

Buying Bitcoin periodically without paying attention to it price, which is the dca accumulating strategy is the best way to accumulate Bitcoin, because you will get to buy at every price interval, and even the deepest part of the dip most investors may miss out due to fear or waiting , and be thinking that it may dip further, so congratulations mate,  because you have joined the winning team.

Yeah, he won't be the smartest person alive; we have been doing that for a long time. However, that does make him smart, not the smartest but definitely very smart. Considering the amount of people who have lost money at memecoins and nft's and other shitcoins, you can assume that someone who does this would be a very smart person compared to many others there.

I mean, think about it this way: if you are smart, then do you really need to be the smartest? Isn't it enough to be smarter than most? This type of thing would make him smarter than 80% of the people in the crypto world, and that is good enough.

People who accumulate bitcoin consistently for a decade would be making more profit than 90% of traders, and most of the DCA people as well. This is why I would assume that what he is doing, or at least plans on doing, is something that is great and should be considered as a great way to move forward. I am doing it, and I am quite happy with the results.

[PrivacyG]

I can't say that until you succeed in hodling Bitcoin for the 10-year plan you have at heart, because tomorrow you might decide to change your mind and do otherwise based on one or two reasons you find about Bitcoin that threaten your long term accumulation of Bitcoin.

I have seen people who plan to invest and hodl Bitcoin for long term, but later deviate from doing that in the long run. You may actually do the same; who knows? What the future holds for you and your Bitcoin investment every week

You can not take Bitcoin with you in your grave.  I mean.  You can, but you can not use it on the other side.  So it happens that people need to sell or spend their Bitcoin to get some thing out of it.  Whether it is a house, a car, diamonds or to pay for a significant health bill.  It is great if you can keep on purchasing Bitcoin with out ever having to sell it, but many people can not.

[Yablee0]

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.

The normal thing any Bitcoin enthusiast will do is to hold strong regardless the market storms. Because that is the only way we can easily be peaceful in our investment path. However long term investment is just the key to make it big as long as Bitcoin investment is concerned, there's absolutely no way we can deny it.

People choose the easy way (trading) but end up losing everything along the line. And for the fact that op has realized his short comings and decide to do the right thing then that's fair of him and a brilliant decision he just made for himself. Moreover, the day he choose the long term investment plan over trading mark a new journey of success in his life. Again, op must not necessarily be the smartest or wisest person ever but I think he just choose what's best for him and I am sure he wouldn't regret the path he has just chosen.

[puloweh555]

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?

It looks like your plan for investing in bitcoin is really well thought out. You could say you've already passed the phase that many people go through trying to guess the peak or the lowest price. Because for you that would just drain your energy and often end up with emotional decisions.

You chose a strategy that actually shows you're mature because you keep doing a fixed amount DCA every week and don’t care about the price. On top of that, you started self custody from day one and treat every bitcoin purchase as something already gone. Focusing on the amount held and your time in the market until 2036 is also much better than fixating on a specific price target.

For me, if you can really stick to this with discipline for 10 years like your plan, then chances are you'll get much better benefits than most people who are still busy timing the market to buy bitcoin.

[JaanusRaim]

Investing and not taking account the asset price is a stupid move.

Both price and value are equally important in investing.

[icebar]

Does this makes me the smartest man alive?

I can't say that until you succeed in hodling Bitcoin for the 10-year plan you have at heart, because tomorrow you might decide to change your mind and do otherwise based on one or two reasons you find about Bitcoin that threaten your long term accumulation of Bitcoin.

I have seen people who plan to invest and hodl Bitcoin for long term, but later deviate from doing that in the long run. You may actually do the same; who knows? What the future holds for you and your Bitcoin investment every week

Easy to say but hard to do. The plan that the OP has made here is definitely a good plan. Bitcoin accumulation and profiting from it will guide an investor in a positive direction. But most investors fail to follow their plans in the long term. I have seen many investors who become so confident when the price of Bitcoin increases that they become motivational speakers, but when there is a big price drop and they have to face a long term bearishness, they start losing their motivation. 10 years is definitely not a short time. If someone can do Bitcoin DCA ten years, I think he will definitely be able to make his dreams true. But the number of investors who get lost in the middle is definitely not less. I will definitely praise those who make such a long term plan and are able to focus accordingly.

[Dick Long]

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?

The ten years is a good interval for you to invest in Bitcoin and await what will be the outcome and I think you are going to be surprised to see the overall outcome holding Bitcoin for 10 years. At least you are going to experience 3 cycles that involves the bear and the bull and this will summary your patience and reward you bountifully.

The 10 years interval should be in 2036 if you started your journey this year. And do not forget that being a Bitcoin investor is not easy for anyone and their will be time when you may be forced to sell due to challenges but if you can hold on to yiur investment, you are going to reap your patience of holding through several years.

[Hazink]

Your plan makes sense as long as it's going to help you accumulate and hold for long without minding how the price is moving. Many have just been procrastinating without ever buying or holding any bitcoin, since you have made up your mind to start up a pattern that will help you accumulate and go with it.

Bitcoin price is not even $40000 right now and no sign that bitcoin is going to that price again, so by 2036 which is next 10 years, be expecting bitcoin to have increased up to or more than $400000.

The op might not necessarily mean the value of bitcoin is around $40k, but might just be given as an example pointing out not caring about whatever the value is, but it could have made more sense if he used $60k and above value which is close to what we are at currently.