Those all sound like good ideas, especially in terms of having some timeline goals, but then keeping some back up timelines in mind, so it sounds like you are weighing various possible scenarios and have a sufficient amount of flexibility in your thinking about how you might have to reassess along the way at various points.
Surely people with more discretionary income or even who had come from higher levels of wealth have more resources in front of them, yet there are degrees of wealth too, and so some of those folks with wealth are still not allocating to bitcoin and/or do not have a sufficient and adequate bitcoin accumulation plan, so any of us can imagine scenarios in which those who are planning, preparing and acting in regards to their bitcoin accumulation plans are going to end up passing up folks who were not making and/or acting upon such bitcoin accumulation plans. For sure there are already examples and ongoingly new examples of the more poor folks who have been able to either make progress in narrowing the gap and/or potentially financially passing up folks with way more finacial abilities, resources and means.
We can imagine at various points in time 4-10 years ago, there have been people with modest or even some what low levels of finacial resources who have been able to accumulate anywhere between 10 and 300 bitcoin for anywhere between $10k and $300k (and various prices between) Maybe some of them have average costs of less than $1k per BTC, and others have average costs of less than $15k per BTC, so there would be variability in regards to their profitability levels, and no one can actually assess his own specific situation until the passage of time that is able to show how the quantity of BTC matches up with how much had been invested, and frequently and many times, we already discussed how there might not be a lot of value in regards to assessing our costs per BTC until maybe at some point down the road, whether it is 10 years later, 15 years later or maybe some further down the road period, even though almost all of us are going to want to be in profits by the time we are reassessing and revaluating our situation.. yet if we happen to be a person who had accumulated around 80 BTC or more over the past 8 years, we might not be too concerned if our average cost per BTC happens to be $60k or $200k, we just happen to feel ourselves to be in a very good place to have accumulated more than 80 BTC, and we might consider that to be a reason transition into some other status where we no longer need to concern ourselves with accumulating BTC.
On the other hand someone newer to bitcoin might consider that in the next 10 years, they are likely going to need to accumulate somewhere between 2 BTC and 8 BTC to get to a similar status as the one who currently feels himself to be with 8 BTC.. .yet the target is a little bit amorphous and a little bit dependent on what happens with BTC prices in the next 10 years and also what happens with the BTC accumulator's ability to continue to invest into bitcoin within his discretionary income over the next 10 years.
Regarding your point about gold and/or any other investments that a person might have built prior to investing into bitcoin, some folks will just keep their old investments and then just move their focus over towards bitcoin, so they do not necessarily end up selling their prior investments, and others will sell their prior investments and move the proceeds over to bitcoin. There likely is no exact correct answer, and there surely may well be transaction costs to cash out of one investment and move the proceeds over to another (in this case into bitcoin).
Of course sir, I have to think wisely about what I have planned. As an investment that I am so focused on Bitcoin, of course I will direct all my thoughts so that the sustainability of this investment can successfully achieve the target. Indeed, if we count the years, of course 10 years is quite long, but if we live it, maybe it won't feel long because the level of consistency accumulates unconsciously, we have passed week after week.
The initial steps are indeed quite difficult, especially since some of them have to change their investment patterns in a new direction, I mean maybe person A is a rich person who has a lot of money and he only invests in gold and of course they need time to reverse their investment routine to Bitcoin. I even think they need a lot of guidance if they are quite new to Bitcoin. They have to think about planning and arranging many strategies before they are ready to start investing in Bitcoin.
Of course, if we look at the variability of profits in each investment, it will certainly be different because some start at $10, or they start at $50 or they have a lot of money starting at $1000 per execution every week. But that's not a big deal because whatever their profit is, they have definitely changed the direction of their lives when they reach the peak of their purchase or the final stage or the execution stage in 10 years of achieving their investment target in bitcoin. I think we are just grateful for everything we get even in the profits we see at some point in the future.
I think that could be true or rather they want to equalize their portfolio position with someone who invested in bitcoin earlier. But for me, of course I don't think in that direction because I started with a smaller level of execution, of course I won't target to pursue the same status as people's current ownership. I just made it a motivation to increase my enthusiasm to continue accumulating Bitcoin.
That's right sir, I continue to hold old investments and also continue to accumulate new investments in Bitcoin. Yes, the multiple profits may be seen when I reach target in investing in bitcoin. But with other people I certainly have no opinion if they want to switch their old investments to bitcoin because that's quite difficult to say. If they do that, it could be an amazing thing, right?