⭐ Merited by JayJuanGee (1)
Investing $50k into bitcoin over 8 years should totally be within reach of some one who currently might be able to invest around $71 per week with perhaps some anticipation that over the coming 8 years his disposable income will increase and he would be able to invest 10% more into bitcoin each year. It would look something like this.
Of course over an 8 year period of time, a person could have a regular DCA amount, but also there might be times in which cashflow is better and/or times when cashflow is worse.
We also cannot really be sure how many bitcoin that might be accumulated through such a strategy, and perhaps we could attempt to project that out too by adding columns in regards to the anticipated bitcoin price in order to get some ideas regarding how many BTC that we might be able to accumulate of the situation, yet we can ONLY approximate, and it might look something like this:
I understand that some folks might consider these numbers to be overly pessimistic (bearish), and so you can create your own chart and put your own estimated numbers in there. You can also attempt to be more granular about it too, if you like, yet from my own experience, there can be some value in regards to attempting to be somewhat general in future projections and then just tweak them from time to time as time passes (such as where the future becomes the past and then the numbers become known).
This is what I really like. because I find it difficult to organize in detail if our planning is for the next 10 years. In your explanation it is quite good especially when our cash flow improves we can increase the budget in the following year compared to the year we have gone through. It seems like this is a pretty good example with a budget that can be invested in bitcoin either $50k routinely with a target of 8 years or with a lower $25k with a target of 5 years. Of course over an 8 year period of time, a person could have a regular DCA amount, but also there might be times in which cashflow is better and/or times when cashflow is worse.
We also cannot really be sure how many bitcoin that might be accumulated through such a strategy, and perhaps we could attempt to project that out too by adding columns in regards to the anticipated bitcoin price in order to get some ideas regarding how many BTC that we might be able to accumulate of the situation, yet we can ONLY approximate, and it might look something like this:
I understand that some folks might consider these numbers to be overly pessimistic (bearish), and so you can create your own chart and put your own estimated numbers in there. You can also attempt to be more granular about it too, if you like, yet from my own experience, there can be some value in regards to attempting to be somewhat general in future projections and then just tweak them from time to time as time passes (such as where the future becomes the past and then the numbers become known).
I also agree that sometimes a person's income can increase every year and cash flow can also be bad. But if cash flow is bad or we lose our permanent job because we are fired from our company, what is the right step to take at that time.
Regarding pricing, it might be different because we also cannot predict the price of bitcoin for the next 8 years. It could possibly go up to $500k because supply is limited.