Why would you limit it to 4 years? Even if you increase your investment to $50 per month that would be right around $600 per year and $2,400 in 4 years. It does not seem to be a place to be stopping. And let's say you extent that to 20 years, and then you have right around $12k invested, so now you might start to be getting somewhere in the event that your disposable income does not go up.. but there can be ongoing adding of value and then at some point it might start to become more clear if you should be changing your strategy or at what point you might be getting to be out of accumulation phase and into either maintenance stage or liquidation stage.. and surely from my own thinking it does not seem clear to transition from accumulation stage to liquidation stage without first going through a period of maintenance stage... but hey, each of us have our ways of thinking about these kinds of bitcoin investment related matters.
Actually I earn about 180 dollars per month doing masonry work. I put aside a day's worth of my paycheck at the end of this work week to invest in Bitcoin and my wife puts about $25 of my monthly income into insurance. We have done this insurance for about 10 years.Where we have to deposit 25 dollars amount money every month.
JayJuanGee After reading the post you quoted me I explained to my wife that if we invest the money in the insurance we are collecting into bitcoins our bitcoins will increase. We will even get more money if we invest in bitcoins than if we put money in insurance.
My wife is literate which didn't take me long to convince her but she already had a little idea about cryptocurrencies and even Bitcoin. But he didn't understand well about bitcoin investment after I explained him well he asked me to invest that amount in bitcoin instead of saving the money in insurance. We have decided to start our new bitcoin investment journey from next month i.e. January and invest $45 per month in bitcoins and its duration will be ten years. In future we have decided to increase the amount of investment but we will try to increase it according to the cost of our family.
The truth has always remain that money invested has more potential to produce more money than money saved in the bank or in another place. I don't really believe in saving money while the money can be put into use through Bitcoin. Once I get my paycheck and remove my feeding money and the percentage for emergency funds I put the remaining balance into Bitcoin investment and since I have a business that also produce little money that I can always rely on my daily financial life has not been negatively impacted.