⭐ Merited by jeraldskie11 (1)
I always find wisdom in your writings, no wonder I don't get bored while reading your lengthy posts. I have come arose some person here in this forum that thinks, the main purpose of investment is achieved when you have at least 1full coin, rather than having smaller denominations of that coin. This is the one of the reason we find people investing in altcoins rather than Bitcoin, they think bitcoin investment is already too expensive to accumulate a whole bitcoin. However they are wrong but if accumulating a whole bitcoin is what they want, then they need to become more aggressive than ever, but they should also consider investing based on their financial income and earnings, so that they'll not do more than their capacity, then latter fall back to their investment.
Thanks Mr JayJuanGee , you're #my biggest Inspiration.
Thanks Mr JayJuanGee , you're #my biggest Inspiration.
Yes.. we should try to be realistic and also appreciate that bitcoin is amongst the best of investments, if not the best investment, that anyone can make, even if they might never be able to achieve a whole bitcoin, which truly is an arbitrary amount.. since the unit amount is fixed and bitcoin is quite valuable, even though many earlier adopters likely did not realize the extent to which seemingly small amounts of bitcoin were going to end up having very large dollar prices.
So yeah, even someone who is new to bitcoin and who has a pretty decent ability to purchase between $100 to $200 per week in bitcoin, may well not even be able to achieve reaching 1 bitcoin in 5 to 10 years, and surely we cannot know for sure what the BTC price will do, but a person investing $100 to $200 per week for 10 years would have had invested $52k to $104k into bitcoin over those 10 years, and I am suspecting that even the person who invested at the higher $200 per week, might not be able to achieve a whole bitcoin in 10 years... and yes, we cannot know for sure, but the mere fact that one might not be able to achieve a whole bitcoin should not take away from the fact that each person who does not have any bitcoin (or has a low amount of bitcoin) should strive to be as aggressive as he is able to be in regards to accumulating bitcoin, but not so aggressive as to over do it or to reck himself because he failed/refused to establish and maintain an emergency fund... and so each person can figure out how much he is able to spend in order to be aggressive without over doing it. Some people may ONLY be able to do $10 per week or month, and others might be able to invest in lump sums or even averaging out toward being able to invest $1k or more per week.
Imagine you are holding more than how much i gather over the years 
well i must
admit that I have spent almost every coins I hold when pandemic happens when the world stops
and the work ends for couple of years and i have nothing to spend but my Holdings and that
sadden me though yes I am gathering much now as i started gaining again in the last 6 months.
well i must admit that I have spent almost every coins I hold when pandemic happens when the world stops
and the work ends for couple of years and i have nothing to spend but my Holdings and that
sadden me though yes I am gathering much now as i started gaining again in the last 6 months.
Anyone investing into bitcoin has to be careful to not overdo it, and to maintain an adequate and sufficient emergency fund as to be able to continue to invest (or buy btc) during bad times, or at least not sell any BTC during such bad times. Easier said than done, but each of us should be striving to put good and sound practices in place so that we do not have to sell any of our BTC at any time that is not fully and completely of our own choosing.
Better late than never.
0.033 is already a nice amount these days, not everybody has 1400$ in crypto.
You can see that as a start only and hopefully some day you can call yourself the proud own of 100% of a bitcoin.
The road seems to be long but we have time.
What's the long term target? You have anything in mind?
It is not necessary to own a whole bitcoin.0.033 is already a nice amount these days, not everybody has 1400$ in crypto.
You can see that as a start only and hopefully some day you can call yourself the proud own of 100% of a bitcoin.
The road seems to be long but we have time.
What's the long term target? You have anything in mind?
Each person should invest in accordance with his abilities, and sure attempt to get as many bitcoin as you are able to get, up to a point... so OP has gotten to 3.3 million satoshis, and the next goal might be to get to 10 million satoshis, and then the next goal to get to 21 million satoshis, and then maybe to half of a bitcoin, etc etc etc.. and some people might not be able to reach a whole bitcoin, even if they started investing at $100 per week, they would invest $5,200 after a year and $52k after 10 years, and that still might not add up to a whole bitcoin. Point is to do what you can, and sure be aggressive if you are able to be, and you likely need to aspire in stages and goals that are realistic and reachable.
Having an emergency fund that is 3-6 months worth of expenses is also good, and planning cashflow in advance, and surely a person who has a 6 month cash reserve is going to be able to be much more aggressive in his BTC investment approach as compared with someone who has 3 months or less of cash reserves.