Buying bitcoin is easy, but consistency is the best thing to achieve the perfect level throughout the accumulation we do.
I doubt that we will ever completely achieve perfection, so frequently, we have to just try the best that we can and hope that we are setting up systems and regularity in our buying in order to feel a sufficient amount of balance in our various cash balances that we may well maintain as we are trying to invest each week or so.
Sometimes I think about my own journey in light of how long it takes other guys to accumulate bitcoin, and surely my own advantage came from having had invested for around 20 years in various other investments when I came to bitcoin.
In the very beginning in late 2013, I did not completely know my exact BTC accumulation target, but I largely took money from some of my other investments in order to establish a 6-month budget, and the amount of my budget was beyond what I could have bought through my normal cashflows.. I tried to take the money for the 6-month budget from the part of my various aspects of my investment portfolio that I speculated would be the least disruptive but still give me the allowance that I wanted to have for the 6 months, and so it was like I found funds in order that I kind of had a lump sum amount that I was able to allocate the total, and then to divide that total by 26, so I knew pretty exactly how much my weekly budget was going to be for each of those upcoming 26 weeks, and so I tried to strategize within each week about when to buy the bitcoin, yet if I had not spent the whole authorized amount by the end of the week, then I just bought at whatever the BTC price was at that end of the week deadline.
I continued to study bitcoin through those whole first six months, and so by the time it was getting close to the end of the 6 month period, I was trying to assess where I was at and where I though that I would be, and I still was not completely sure about what to do, yet I thought that my first six months of budgeting had worked out fairly reasonably, and so by the time that I got to late in my 4th month and/or early in my 5th month, I had already authorized another pretty much equal level of budget that I would apply for the subsequent 6 months, and so by the time I finished both of those budgets, I had spent a whole year investing into bitcoin with a weekly budget that was several times higher than what my total salary would have had been, and really I still was not exactly sure about what I was trying to achieve beyond the fact that I had authorized myself for a whole year to buy bitcoin and I had established myself with a budget for doing that, and so when the whole year was coming to a close, I had to reassess where I was at.. and whether I felt that I had invested enough into bitcoin or not.. especially since I had been investing at a rate that was purposefully above my usual income rate of investing. At the end of 2014, I had largely concluded that I had reached right around 10% of my total quasi-liquid investment portfolio was in bitcoin, an I tentatively conclude that was going to be enough.
Part of my problem, and part of the reason that I ended up reaching overaccumulation was not even "on-purpose," since I did not even intend to overinvest into bitcoin, yet part of my problem was that at the end of 2014, BTC prices had been going down the whole period of my investment and through 2014, so largely by the time we got to the end of 2014, my BTC holdings were right around (perhaps slightly above) 50% in the negative (which were BTC prices around the upper $300s, but my costs per BTC were slightly less than $600 per BTC), and so even though I concluded that I had invested enough into bitcoin, I really could not resist continuing to buy bitcoin, because through out 2015 the BTC price bounced a lot between $200 and $300, yet it was mostly below $250 and probably more in the ballpark of $230 for most of the year, even though we can look back at the charts and see that it moved up and down within the range and even had a false start to $317-ish in July before correcting back down below $230-ish again...
My cashflow somewhat sucked throughout the total of 2015, and people were telling me to sell some bitcoin, and I even had a business rental arrangement that I requested to defer paying the rent for two months, which was granted to me, and helped me with my cashflow... and surely there were periods that I could not buy bitcoin, even though the best BTC prices were during that time, and I think that what ended up happening is that I had increased my BTC stash by right around 25%-ish through the whole year (depending on how it is calculated in terms of my own determinations), and so in spite of my various assessments that I had feelings of financial struggles in 2015, I was still able to increase my BTC stash, yet when it came to the end of 2015 - maybe getting into September, I started to come to the conclusion that my overaccumulation level was right around 3.5%, since I looked at my various aims of where I wanted to be and then where I had gotten, and I largely concluded that my BTC accumulation target (and attempt at maintenance) should be 10%, so since I had accumulated more BTC throughout 2015 even while on a struggling budget, I concluded that 13.5% was a status of overaccumulation that justified my putting into place ways to sell small amounts of BTC on the way up and to try to employ a system that largely was ONLY selling small portions of the BTC profits, so overall the value of the BTC would continue to go up (and to compound upon itself) way more than any amount that I was selling as a form of downside insurance.
so I think that my main point about my being able to reach a status of overaccumulation of BTC within a relatively short period of time is because I largely front loaded my investment in terms of establishing and getting to my target within about a year, but then spending about another year (even though at an intended reduced rate) of continuing to accumulate bitocin and causing myself to assess my own bitcoin accumultation status to be in an overaccumulation status... and some of my plans were not completely intended but they were worked out based on ongoingly feeling that I was in an overly accumulation status yet at the same time ongoingly selling bitcoin on the way up so that something like 95% of the value continued to compound upon itself, right around 9 times between mid 2015 until present the BTC price doubled and doubled and doubled.. right around 9 times, which largely gets into the ballpark of
256x profits (compounding value).. yet at the same time my preference to call them 94x to 100x profits in terms of going by the use of a more simplified formula of a $1k buy price.
So many times I see guys struggling in their very first cycle, and I really believe that such struggle is not unusual, and there really cannot be any reasonable way to speed up the struggle without putting your whole BTC holdings and your practices into a risky kind of gambling status... so guys likely need to just continue to plug on buyng bitcoin for 1 or 2 cycles or more, and they likely will end up in a decently good position.. since they may well are not able to front load their investments from 20-years worth of other investments like I had at the time that I had gotten to bitcoin.
Another thing is that I suggest that guys try to get in the ballpark of 5% to 25% into bitcoin whether it is their investment portfolio (to the extent they have other investments) or even just considering that they are investing 5% to 25% of their income into bitcoin (of course they also have to consider the extent to which those numbers are reasonable within their disposable income), and the main reason that I had accepted a 1% to 10% target for my bitcoin investment in 2014-ish (and mine ended up being on the aggressive end with 10%) seems to be that bitcoin's investment thesis was not as strong in 2013, 2014 and 2015 as compared to what it is today...and another things is that I never really cashed out of BTC in any kind of meaningful way, so I largely just continued to let my BTC investment ride, besides what I consider to be relatively small sales on the way up that I have been employing since late 2015.
I think the perfection that you have is certainly none other than continuing to follow up on your investment, because in the explanation where you are in a stressful situation when you have to pay off the business lease agreement and you can also make good decisions at that time.
Have you known or implemented DCA longer before 2013, because from the explanation of course you can increase more btc ownership. Perfection may be quite difficult to do but if there are no mistakes and full of caution of course 90% is included in the perfect category that has been done.
What I want to achieve is perhaps perseverance in achieving gradual accumulation this year, I plan to balance my investment more in bitcoin than gold. I want bitcoin to be number 1 in my life and gold number 2, meaning that my ownership percentage may be above 66% for bitcoin and the rest in gold.
Even so, I have stopped investing in gold and prefer bitcoin which I have been running which is now entering its 3rd year. I imagine a comfort when the price of bitcoin goes up, the reason is because I am more enthusiastic to continue buying.
Frankly, the investment journey is very difficult, sometimes you have to be in a more appropriate position when economic problems come suddenly.
However, with your history that you have described, of course we learn a lot. we have to adjust the budget with wiser adjustments, for emergency fund reserves and also adjustments for living needs to continue the process as usual or not to waste more strongly when the focus for now is only on investment.