Those who have literally did the title,
you we're all legends.
And, that was epic.
Again I say,
$87k.$97k
Congratulations folks.
Congratulations, we've hit $107,500 today.
Soon, we'll be having the M instead of the K. Let's go to $1M per BTC.
Keep HODLING legends.
Some people already have converted to talking about bitcoin in terms of millions, so we could say today we reached a high of $0.107821 million per BTC.
If you notice, we can definitely reach the highest level of Bitcoin price, the most important time will be spent if the holding is long-term.
However, when the price of Bitcoin reaches one million dollars, it will definitely be possible to accumulate 0.5 million or half of a Bitcoin using the DCA method. If we hold Bitcoin by following the DCA method regularly, then we will definitely be able to realize the next bull market.
I find your statement a little bit problematic. If you don't accumulate bitcoin now it's within the $100k and 1/10 of the speculated $1m, then will It be when bitcoinhas finally arrived at $1m that you will DCA half of $1m being $0.5m? Correct me if am wrong. But if I am correct about what you mean then your investment approach is not a wise one. You should invest more now than waiting for bitcoin $1m because now is the right time to invest. At least you mitigate the opportunity and accumulate more because when bitcoin hit $1m it will be even harder to buy a tangible amount of bitcoin because as it continue getting higher, the possibility of buying Satoshi in fractions increases or becomes high.
It is not that As-Soon-As is not accumulating bitcoin right now; he is just assuming that if bitcoin hits $1,000,000 in price one day, we can still accumulate half of bitcoin using the DCA strategy. I think As-Soon-As is right. Even though bitcoin hits $1,000,000 in the future, there will be some investors who can still accumulate half of bitcoin using the DCA strategy if their target is to accumulate half of bitcoin, but it will take them a long time and patience before they can be able to accumulate half of bitcoin with the DCA strategy when bitcoin gets to $1,000,000.
It depends on the discretionary income of such person. If the person is rich he can accumulate upto 0.5 bitcoin and achieve his target because he has the funds to accumulate it through DCA, and he wouldn't feel it. It's when a poor or average man wants to get into bitcoin investment when the price is $1M, that it will be a mission impossible because it's very expensive.
This is the reason why the poor and average shouldn't miss out this current opportunity that bitcoin is giving us to buy at a cheaper price, otherwise, in future you might be discouraged to invest in bitcoin that the price is very expensive and you will regret this day. Get started with your bitcoin investment and forget about the price because you have the chance to buy with little amount of money and pile it up overtime. Consistent and persistent accumulation is the only way to success.
I know too well that it depends on the discretionary income of the investor who wants to accumulate half bitcoin when bitcoin is at $1,000,000 per bitcoin, and that is the reason why I said that there are some investors who can afford to accumulate half bitcoin using the DCA strategy when bitcoin is at $1,000,000 per bitcoin. A poor man will always find it very difficult to achieve this, and he will not even want to try it because he knows that he hasn't gotten enough money that will allow him to accumulate half bitcoin when bitcoin is at $1,000,000 per one bitcoin.