I would suggest put away 10 or 20 a week if you can do this for 300 weeks.
and never sell any of it for the three weeks about six years.
the worst long hodl wait was buying lump on dec of 2017
and hodl hodl hodl hold til jan 2023 5 years and a month you would have been a loser.
but all six year hodls made money. every one even the dec 2017 to dec 2023 which would be taking the longest losing hodl and dumping it 11 months later made money
2017 dec 19k
2023 jan 16k
2023 jan 40k
so if you do the perfect record six year move.
buy 20 week 1. june 2031
buy 20
buy 20
buy 20
buy 20. week 5 june 2031. sell these 5 if the perfect six years record exsists.
.
.
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buy 20 week 300
this is a 12 year plan
wish I was 20 and could do it. but at 68 not happening for me.
Let's say that in late 2017, a mid-30s guy making $30k per year made the biggest mistake by investing right near the top of the 2017 price run, and he spent 1/3 of his then investment portfolio on bitcoin.. so he took $19k out of his then $60k investment portfolio and he bought 1 bitcoin with that $19k and then he left the other $41k in his investment portfolio, and so then maybe thereafter he has been investing into bitcoin at about
$100 per week, and so over the past 7.5 years, he invested about an additional $39.3k into bitcoin and he got an additional 2.91 bitcoin, so his total investment into bitcoin is right around $58.3k into bitcoin with 3.91 bitcoin, and that
3.91 BTC would have a 200-WMA value of about $192k and a spot price value of about $419k. Surely not a bad place to be, and he might even be able to reach some variations of fuck you status within another 4-year cycle or maybe a bit longer of buying bitcoin, even if he merely continues with $100 per week investing into bitcoin... he figures that he might be able to get up to 4.5 bitcoin in the next 4-6 years, depending on if he might be able to invest more into bitcoin or just staying at $100 per week.
This guy is doing fine based on his income and his level of aggressiveness in buying bitcoin (which was relatively high), even though he started buying bitcoin at or near the top of the 2017 market including lump sum buying near the top of the 2017 BTC price. The guys is doing even better because he was buying bitcoin as he went along, even though he also did have a relatively bad (not so good) BTC purchase towards the top of the 2017 market and that top purchase did bounce in and out of the red (but spent a lot of time in the red)for about 5-ish years.
The guy is doing perfectly well, I love and admire his level of his aggressiveness, and yeah he could get 4.5 bitcoin if he continues accumulating weekly with $100 it may take a little longer to reach that but with 4 to 5 years with a little bit of his aggressive attitude I think he will get there, reaching a particular level or stage in one's Bitcoin investment just needs determination and consistency, I remember when I started my Bitcoin investment I was confused on how to go about it and also thinking how far it is for me to get to my desired level in Bitcoin investment however i just decided to be determine and consistent and today I'm getting closer to my goal.
Yeah you are right JJG he also did have a relatively bad (not so good) BTC purchase towards the top of the 2017 market, this may be as a result of not having a backup funds, an investor may be so determined and consistent with his or her investment but along the line for some time or season stop accumulating because he or she wants to solve or settle an emergency that came up, but with a backup funds you can solve your emergency without it obstructing your accumulation process.