Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Never stop DCA’ing
Personally, I prefer weekly rather than daily, but sure at that rate of $50 per day or maybe $350 per week, maybe a couple of times a week for the buys would be cool with me to try to buy during dips in the week.
Daily feels a bit too intense... and yeah $350 a week sounds really solid….
50/day or $350/wk is a solid 18.2K/year DCA and it is probably close to a maximum that a family (or a person) with middle class income (70-150K) in US can afford sans a ramen "diet".
However, 18K a year starting mid 2025 would most likely would not make someone "rich" in 2030, but they might have a good "emergency fund".
If you'll have an average of 40% yearly appreciation during 2025-2030 time frame, my approximation shows a final sum of about $279K value, give or take $20K (compound interest calculator gives a 248-291K value depending on interest rate being a fixed yearly 40% or compounded yearly 40%)).
A nice "fund" for emergencies and buying a house, for example, but definitely not "rich".
However, 18K a year starting mid 2025 would most likely would not make someone "rich" in 2030, but they might have a good "emergency fund".
If you'll have an average of 40% yearly appreciation during 2025-2030 time frame, my approximation shows a final sum of about $279K value, give or take $20K (compound interest calculator gives a 248-291K value depending on interest rate being a fixed yearly 40% or compounded yearly 40%)).
A nice "fund" for emergencies and buying a house, for example, but definitely not "rich".
Yeah true, when you break it down like that, $18K/year from mid 2025 probably won’t make someone rich by 2030, but honestly, a $279K bag in 5 years off regular buys is still crazy solid. Not everyone will pull that off, especially with discipline. And like you said, that is house buying or emergency fund level money, which is life changing in itself depending on where you live.