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Quote from: Ojima-ojo on June 13, 2024, 10:00:38 PM

Quote from: JayJuanGee on June 13, 2024, 08:42:44 PM

I will suggest that if a person is merely buying anywhere between $10 per week/month and $100 per week/month is likely going to need way more than 10 years in order to get to a status of having had accumulated a sufficient amount of bitcoin. Perhaps such a person will need 20-30 years or more to really get to a decent place with his/her bitcoin stash.

For sure, each of us has differing expectations in regards to how much income that we might need to be able to live comfortably, whether we use bitcoin proceeds to completely replace any income that we have or to supplement income that we might have from other sources.

Bitcoin accumulation have to do with left over cash flow and at that not having sufficient steady monthly or weekly set aside founds let say $10 or even $20 which is way too much time to come up with a significant amount of bitcoin starsh, but then just as you said, sometimes we come across unexpected huge sum and if we are able to put all down on bitcoin it could cover up for a long period of time and a journey that surpose to take 10 years to 20 years could come much faster and easier.

Yeah it all boils down to the point @JayJuanGee made that when a person or an investor is accumulating Bitcoin using $10 or $20 on weekly basis or even $100 monthly that the investor may not actually have a sufficient amount of Bitcoin within a little number of years but that however the investors will need to least give themselves 20 to 30 years before achieving a good amount of Bitcoin, and that's actually true because irrespective of how consistent people are on there Bitcoin accumulation using the normal DCA method they would need to give themselves more longer years to be able to have the sufficient amount of Bitcoin they need. However if perhaps on the process and you feel that you have more money to invest you could adjust your accumulation amount to facilitate it a bit.

But in this case we also can't just fixate on the number at the end. It may be true that when we are and buy bitcoin for $10 or $20 for a week it will not be enough for us in the acquisition of bitcoin but if indeed we can only afford that price then it is not a problem as long as we consistently do it. It will be much more worth it than forcing to allocate more bitcoin purchases than that but instead make your economy shaken because you are too forced to be in bitcoin which in the end the DCA scheme that is done becomes chaotic in the end.

It's not about sufficiency in the end, It is indeed possible to be in bitcoin for most people to be at a point where we have a large enough supply of bitcoin so that it is easy for us and enough for the future but that does not mean we also have to force to invest more than we can do and with a duration of time that is actually not profitable because after all the duration of investment must also be seen from our current age when indeed we are at an older age such as in a few years we have entered the retirement phase for example it will actually be a ridiculous decision if we force investment for a duration of 20 years or more so that for the duration of time we also have to look at our own conditions in the end.

Bitcoin investment is not forcefully or rather the long term investment like 20-30 years is for a better profit at the end nothing else as related to forcing an investment like bitcoin because clearly seen bitcoin investment can’t work with such mindset. From my view investing $10 or $20 consistently can’t be an aggressive move because we can say an investor is forcing their accumulation by investing with a huge amount they can’t withstand during the long run but when an investor is comfortable with their accumulation gradually they’ll build a solid portfolio within the long run, well the reason why 20-30 years is okay for an investor who accumulate $10 every week is because they’ve not gotten something big within a short period so you can clearly see your accumulation process matters a lot. I agree when you mentioned about sufficiency but we can all agree the goal is making sure our investment is okay despite any obstacle. I love saying this words when it comes to bitcoin investment, a good plan always end with success meaning what ever you think will always be the end result, in summary if anyone has gotten to an old age I strongly believe such person have accumulated something good and profitable because surprisingly time flies fast except the person is coming newly.