There are a few things that I want to correct in this case because however when talking about bitcoin then right now there is no wrong time to buy when we have found what methods or strategies are suitable to do. Many feel that the price is always a benchmark in buying but when we have determined the strategy that is done especially for almost everyone who is here who says DCA actually the price is not always a benchmark because in the end we have to realize that thinking further about the price when we do DCA is just a waste of time because in the end we know that regardless of the price that is going up or down when DCA is done things like that are not the main reference because the point is in DCA not in the price.
In addition, having 1 bitcoin or more is indeed very good but that does not mean we have to have 1 bitcoin as our benchmark as an investor because that kind of thinking makes us too focused on one thing but not thinking about other conditions.
We just have to focus on doing what we can do, no need to peg that we have to collect 1 bitcoin or more as a condition that we are an investor because we are not here to burden ourselves.
It seems to me that there is nothing wrong with having goals, and maybe considering how realistic the goals are and/or what is the reason for something like a 1 BTC goal.. it is a bit of a unit bias kind of a setting, and like I mentioned earlier, if someone were either brand new to bitcoin or just recently beginning to accumulate bitcoin, then having a goal to get to one bitcoin in 10 years, would likely require around $200 per week invested into bitcoin... for those persons who do not have the cash to front load their investment into bitcoin.
So if we attempt to be realistic with our goals, then we may welll also like to have short and medium term goals too that might involve what are we attempting to achieve this year and maybe what are we attempting to achieve in the next 5 years... so in the end we could have several different kinds of short and medium term goals that could be working towards the achievement of the longer term goal that might seem quite far off.. something like 10 years or even having goals of 20 to 30 years is also not unrealistic, even though they might have a lot of complicated steps along the way that might end up causing them to need to be adjusted later down the road if it might appear that we are not on the right track.
Indeed, there is nothing wrong and I also said in my previous writing that it is a good thing but if in the end we are only busy with the goal of reaching the target of 1 bitcoin but without thinking about other conditions it is not something good of course so instead of pegging ourselves to have 1 bitcoin in the investment made it would be better to focus on the strategy we do when buying because in the end whether it ends up at 1 btc or even less than that we have still tried our best so that no regrets will occur. Having a benchmark that we must have at least 1 btc or more in the investment made will actually make us feel burdened by the amount we have to pursue (lack of the amount of btc to collect) rather than being like that it is better to minimize all possibilities by focusing on collecting btc consistently without thinking about how many btc we collect for the ultimate goal.
Let's get back to the 1 bitcoin in 10 years goal, and even if a person realizes that there likely needs to be around $200 per week invested into bitcoin in order to make such goal realistic, such person could still maintain such goal for a while even if the first year, s/he had only been able to invest $20 per week, but there may be some visions regarding how the income might be able to be raised and/or how the expenses might be able to be cut in order to bring the weekly amount up to $200 per week. At the same time, if after about 5 years, the average bought per week had only been around $100 per week, then there would be a lot of short fall, and maybe even a need to get the weekly amount up to $400 to $800 in order to be able to still be able to reach the 1 BTC in 10 years goal, and maybe by the time we start to get to 7 or 8 years, there could be some acknowledgement that it might end up taking somewhere between 12 years and 15 years to reach such 1 BTC goal.. so there could be a lot of ways that the aspirational goals end up playing out in terms of perhaps being a bit high.. or even in some other cases, the goal ends up getting reached much sooner than seemed possible, and so adjustments could be made in regards to reaching the goal sooner than expected, and maybe even considering that some of the goals that were created were NOT hard (and/or high) enough.
Now this is the situation that I mean when someone has a target to have 1 bitcoin for example within a certain period of time then it must definitely think about how much budget we have to travel to get to 1 btc within that period of time. If we use the example of $200 in a week then indeed we must be prepared with that nominal regardless of the economy we have while to invest $200 in a week consistently not everyone can which is precisely this will be an obstacle so instead of like that, it is better to focus on the investments that we can and do so as not to hamper our other needs for life as for the amount of btc collected (although not 1 btc) it will not be a problem because we will still be investors and get benefits if we do it the right way.