Quote from: philipma1957 on Today at 03:41:05 PM

Quote from: Negotiation on Today at 11:03:39 AM

Quote from: philipma1957 on February 24, 2024, 06:38:09 PM

If you are under 50. Buying btc monthly for 10 years and hodl it for 5 more.

Then at 65 it should help a lot for your retirement.

You cn have a 5x monthly dip buy. Ie if you save 400 a month dca. and BTC does a 20% dip buy 2000 in btc.

you likely will save 120 x 400 usd with the dca and catch a few dip buys.

so maybe

120 x 400 = 48,000 usd in dca
10 x 2000 = 20,000 usd in dip buys
grand total of 68,000 usd invested in a 10 year period then hodl 5 years this is a 15 year plan for people under 50

this is not advice.

If someone can use the suggestions given by you correctly then hopefully only 10 years is enough time for his life to change. But most people don't want to be a consistent investment here, they sell them when the bitcoin price goes up, they are far from long term planning. I agree with you that every success requires a long term plan that should be consistently worked out be it investment or income from elsewhere. But I've seen very few people do them and apply them in their lives.

I am older 67 so a 15 year plan has very little attraction to me.

I have earned maybe 250,000 usd since 2011 via mining and gear sales. Maybe 300,000

I spent as I earned because my other incomes were not high. So constant savings of coins did not become my goal.

If I had hodled more and spent less I would be better off.

But I also lived life got a new car every few years
2015
2018
2020
2021
went to nice restaurants.
and enjoyed time with my wife.

I have coin
I have gear
I am getting a new car in May

But if I had held the cars longer did less restaurants.

I would have more coins 🪙.

Its always a tough call when you are older on what to spend vs hold.

The younger you are hodl hodl hodl hodl is far more important .

Wow amazing, All those spendings you where still able to stash this much, just imagine you spent less. Damn It would have been boom ( like you would have had alot of coins more than your recent). You are right at such age it would be tough call on what to spend or hold. But still with such stash , During the next bull run. Of bitcoin hitting it new ATH reaching the price range of 100k+ You would definitely endup with massive profits. What you just said has just made me to see more beauty of holding Bitcoin for long-term investment and has same time inspired me in my accumulating more.