0) $250 (2015) 1X
1) $500 (2015-2016) 2X
2) $1,000 (2016-2017) 2X * 2 = 4X
3) $2,000 (2017) 4X * 2 = 8X
4) $4,000 (2017-2020) 8X * 2 = 16X
5) $8,000 (2017-2020) 16X * 2 = 32X
6) $16,000 (2017-2022) 32X * 2 = 64X
7) $32,000 (2021-2023?) 64X * 2 = 128X
8 ) $64,000 (2021-?) 128X * 2 = 256X
9) $128,000 (?) 256X * 2 = 512X
That is half a million to this date? started at 250$
I don't know because if we go by today's spot price, as I type this post (around $69k), then any of us would have had to have bought right around 7.25 BTC in 2015 for $250 each, which would have been around $1,812, and then we would have had to hold onto those BTC through all the ups and downs between 2015 and now.
Another possibility would have had been to buy 2x, 3x or 4x that amount, and then we would have had more liberty to sell some of them along the way, yet still have at least 7.25 BTC remaining in our holdings today.
I was largely attempting to show the power of exponential growth rather than picking any specific quantity of BTC that should have had been accumulated, and so part of the power of exponential growth and compounding of value is that it folds upon itself to have way higher magnitude, so right now we are in the supra 256x phase with 8 doublings, and if we get over $128k,, then we will be into the 9th doubling of that same initial amount... so a lot of power comes from just holding and allowing for the doublings to take place.
Of course, guys who started later, would have fewer doublings, and maybe even guys who screw up their average cost per BTC would have fewer doublings as well.
I personally like to proclaim that my own costs per BTC are right around $1k, so I have already lost a couple of the earlier doublings, due to some of my own mistakes along the way.. so therefore in my own situation, I am more likely ONLY feeling the compounding of right around 6 doublings, which would be closer to around 64x rather than 256x... but that's o.k... each of us do our best, and sometimes, it may well be better to have more BTC and have higher costs per BTC rather than having a lower amount of BTC at cheaper costs per BTC... so the guy who spent $100k and got 100 BTC ($1k per BTC) is going to be better of than the guy who spent $10k and got 25 BTC ($400 per BTC).
in 9 years , that is how I regret my past selling specially when I got bad in gambling and when I starter to wake up from my mistakes here is the pandemic that I need to take all my funds out.
March 2020 would have surely been a bad time to sell your BTC, unless you figured out your mistake and bought back soon thereafter, even if you figure out that you had made a mistake.
Part of the problem of selling too many BTC too soon is that it causes psychological problems involved in buying back in, so instead of having regrets, any of us should be making sure that we have enough BTC. and so right now, if you conclude that you don't have enough BTC, then the main solution to that is buying.. and yeah of course, you can have some plans in case the BTC price dips, but the main thing is to buy more BTC if your conclusion is that you do not have enough BTC... It can take a long time to build up any savings including a BTC portfolio, yet one of the advantages of BTC is that once you get to a point in which you have enough, then you can likely start to draw from them and have a reliable income, yet in the meantime, you have to get to that point of having enough prior to being able to start drawing from them.
but yeah since 2022 I started to recover again and now those mistakes will never happen again.
thank you for reminding us how grateful we are being in Bitcoin investing.
It is good that if you started back up in 2022.. so yeah, keep going and keep building your BTC stash, even if it is just a modest amount of $100 per week or whatever you can do.. and at some point you may well end up concluding that you have enough BTC to start to feel comfortable starting to draw from it... .. so if your goal might be to get to $500k, then even in 10 years (the middle of 2034), 1.5 BTC may well be enough to have half a million of solid value, and you could probably start to draw upon it once you get to your target... I personally measure in regards to the bottom which I still consider to be the 200-WMA, but if you are continuing to build and you get more than 1.5 BTC in 10 years, then you might be able to start drawing from your BTC sooner than 10 years. For example in the middle of 2029, then you would only need right around 3.35 BTC in order to have $500k as your bottom.. in which you could start to draw upon it (if a $500k bottom value were to be your goal).