Post
Topic
Board Bitcoin Discussion
Merits 1 from 1 user
Re: Finally I did it (I am happy to join).
by
Makus
on 28/12/2023, 04:24:41 UTC
⭐ Merited by fillippone (1)
Perhaps if a person had come into bitcoin around the top of the 2021 market and had contemplated that he was able to spend around $100 to $150 per week, and he speculated that he might be able to accumulate 10 million to 20 million satoshis in the next coming 3-4 years, and maybe he might have thought that maybe he might be able to get up to 1 bitcoin in 10-15 years.. perhaps perhaps... but then when the BTC price ended up correcting two years ago, he may well would have considered that to be an opportunity to buy bitcoin at lower prices, and therefore his $125-ish per week for the last 2 years would have resulted in right around $13k invested and close to 0.55 BTC, and so he might be considering that it could be possible to get up to the accumulation of 1 BTC in the next 3-4 years, especially if he might be able to increase his  DCA amount.  Of course, there are no guarantees in regard to his ability to reach 1 BTC, but it may well seem like a realistic goal, even if it is a bit of an arbitrary amount, and maybe any of us would be striving to accumulate as  much BTC as we are able to accumulate, depending upon our own personal circumstances, and even though the amount we accumulate can make some differences, we still just strive to do our bests, and sometimes like you suggested, there might be some needs to cut back the amount DCAing and other times, there maybe be some abilities to increase the DCA amount.

Currently the price of Bitcoin is still below the ATH with a $25k difference. And anyone who missed the opportunity of buying now would still make same calculations you made earlier and would still have considered now to be the best time to make his investment in Bitcoin. That is why the best time of investing in Bitcoin was yesterday and the second best is today. Those who complain about the price now and procrastinate buying, would still make complains and regret they didn't buy when the price was $43k. I think some times we just gat to leave our comfort zone and become more aggressive in our accumulation by trying to use other strategies. After securing our emergency fund that could last for about 3 months, using lump sum would be a great idea. Because how far you go in your accumulation is determined by the opportunities you took advantage of when the price was still low.