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.
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.
The future is more brighter than now, so if I managed to accumulate 1 Bitcoin I will be very happy because it is not a day story to tell but it is a mile stone and everyone will he very happt to achieve it.
Starting with $1400 is also not a bad idea if an investor is eiger to get involved into Bitcoin, I can constantly DCA $50 in Bitcoin monthly and I am rest assured that with time I might increase frim $50 to $70 or more in Bitcoin, if I manage to put $100 in Bitcoin, it will take me 8 years to achieve 1 BTC in this current price.
If one don't have a plan he or she can not get want they want, but as it is very hard to achieve a goal, one will need discipline to do so.