Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Su-asa
on 28/09/2023, 08:58:35 UTC
And think about it.. if you are starting out at $10 per week and then maybe at some point you are able to go to $100 per week or even more than that, it still could well end up taking you several years to get your bitcoin investment up to meaningful amounts.. With $100 per week and then 52 weeks in a year, so $5,200 per year, at least after 10 years you have invested $52k into bitcoin, so surely at that point you are likely going to start feeling that your investment size is getting to become a good amount, especially if BTC might continue to appreciate in value between now and 2033 (10 years from now).
If an investor is accumulating a total amount of $10 per week and the investor keeps to the plans of accumulating that amount, that is a good idea because $10 per month is about $40 and if the investor continues, six months' time, will be a total of $240, then think about when the investor constantly maintains that strategy up to 1 year it's about $480 per year and some of these months have 5 weeks.
If an investor can buy a steady coin for $500 and continues, in just 1 year that investor will achieve up to 2 BTC before the year runs out.