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Quote from: Frankolala on June 18, 2024, 06:38:02 PM

Yea, the word "satisfy" depends on the individual bitcoin target that he feels is enough for him to acquire based on his own discretionary income in which he is using to buy bitcoin. However, I feel that anyone using DCA strategy to by bitcoin for as low as $10 might not get to the extend that he will say that he has enough Bitcoin until maybe 30yrs-40yrs time.

So considering the word satisfy, it depends on how old that you are and for how long will you continue building your bitcoin portfolio with the amount that you are using to DCA regularly based on your discretionary income. A rich guy who is ready to invest in bitcoin using DCA regularly without missing will have a high chance of reaching his bitcoin target because he has all the resources he needs around him to make it happen fast compare to someone that is an average earner.

A question to ask does someone really feel satisfied while holding Bitcoin? To me I will simply say no because as long as the cash keep flowing you would always want to accumulate enough Bitcoin since bitcoin wallet doesn't have a maximum limit, in as much as your income keep flowing and you apply DCA method then you can never be satisfied even though you have about 10,000 BTC once the income keeps coming you will always apply your DCA money to increase your portfolio.

Most people who had thousands of BTC never stop at one or two they keep increasing their portfolio through DCA except for those people who are on an average job that pays little that could take time to increase their BTC holding in their portfolio.

You seem to be talking about potential personality problems that some people might have in terms of never having enough.

Let's say that you had an income of about $50k in early 2013, and so in the beginning or 2013, you started accumulating around $100 per week of bitcoin, and so you kept your job, and so you don't consider after some point you are going to feel that you have enough BTC? After 9 years you had invested right around $47k and you had accumulated nearly 133 BTC. Wouldn't you start to feel that you have enough BTC at some point? or do you still need more? Even if your income doubled from $50k in 2013 to $100k in 2022, don't you consider at some point you have enough BTC to start to withdraw and maybe you don't need your $100k job if you have enough BTC to provide the same level (or more) income?

Demand is inexhaustible, if everyone has bitcoins in their wallets everyone will be more in demand and will take initiative to accumulate more bitcoins. You notice that people who have accumulated bitcoins in the past are enthusiastic enough to still accumulate in the present, because that person must have understood the joy inside of accumulating bitcoins.
The higher the income in a person's life, the more basic needs will increase in his life, so a person is busy with various activities in addition to his job. And I think it's normal for that place to be busy with Bitcoin, because the more busy with Bitcoin, the more successful that person is.
Of course, if we look at 2012, 2013, 2014, 2015, we can know all the details.

Here's the link that shows the amount of 133 BTC accumulated from early 2013 to early 2022 with around $47k invested at $100 per week. https://dcabtc.com?sd=2013-01-01&sda=custom&f=weekly&d=9_years&ac=10000&c=true

I don't buy it.

I think that at some point people have enough BTC, so you can imagine all that you want about people not having enough, but there surely are ways to live quite well off of 133 BTC, especially if your earlier standard of living had been around $100k per year... and you could give up your job and largely start to draw that same amount of income or more income than that each year and likely into perpetuity including accounting for increases in the cost of living and/or the likely ongoing and seemingly inevitable debasement of the dollar and other fiat currencies.

Currently, 133 BTC has a spot price of nearly $9 million and a 200 WMA price (which I believe to be more important of nearly $5 million.

https://bitcoindata.science/withdrawal-strategy

There is likely merely a need to think a bit more realistically in terms of not needing to have to work and still earn similar or more income than you are actually earning.. People maybe fantasize , but they actually don't have such 133 BTC or whatever other amount that I am suggesting should be enough based on already existing lifestyle and ability to maintain such lifestyle including potentially better with merely living off of their BTC at a reasonably sustainable withdrawal rate .. and whether there is still a need to continue to earn income and buy more bitcoin seems a bit of a fantasy way of thinking about the situation of someone else to me in terms of proclaiming no one is ever satisfied with being able to start to live off of their bitcoin rather than having an ongoing feeling of needing to continue to accumulate more BTC... yeah some people are never satisfied.. yet that does not mean that they should not be able to live well with bitcoin, even the example that I gave...and there are a lot of similar examples that I could give in which "enough" BTC has likely been achieved given the person's past lifestyle situation and even possible expectations to live similarly, to improve and/or to account for inflation/debasement of the dollar and other fiats.