Sir I love your plan but I am not only holding for retirement, I'm quite young just under 20 and still earning not quite a lot, my plan is to hold for 20 years and get up to as much as 8 bitcoin in my stash, I know its quite small but as my income increases I'll increase my target, but why I see myself still beign on track, who knows the price bitcoin would be 20 years from now, 8 bitcoin could be a whole fortune, I'm still I my early stages of accumulation by the way and right now my emergency funds and reserves are quite the priority, luck me I don't have much expense on me, my parents still take care of quite a lot, so I use this opportunity to give myself a future in bitcoin.
Thanks for giving us such a candid advice 😊nice having you here
wow! I must say that I'm even jealous of how early Youve started making investment into your future. The mistake most old people make is that they assume that you only start investing into your future while you are approaching your retirement age. Accumulating Bitcoin during this phase of your life that you're still young with little or no responsibility to disturb your mind will definitely make it easy for you to accumulate Bitcoin with the use of the DCA strategy.
Imagine your parents give you a monthly allowance on a regular bases and you decide that whenever you receive it you will invest it into buying a fraction of Bitcoin? If you're consistent with the routine within the next five years you might possibly still remain under thier care you must have accumulated a very huge amount and it's at this stage that you wouldn't necessarily get bothered about selling off your holdings since you can literally ask your parents for money in cases emergency. If you're able to start accumulating at this age maybe at a small ratio because of your financial strength before you would have had a job, it would have become an harbit that you've grown matured into and it's just going to be easier to increase the percentage of your investment into an higher amount and with time you will be surprised that you've supased the 20 year plan of accumulating up to 8
BTC and you've possibly accimilated more than that amount.