Quote from: ejikeme24 on Today at 08:35:33 PM

Quote from: JayJuanGee on Today at 08:07:16 PM

We should still be trying to be realistic, and surely someone who starts today with accumulating $250 per week of bitcoin has a chance to reach 1 BTC in 10 years if they are able to increase their weekly (or otherwise) BTC purchase amounts in the coming 10 years. If they stay at $250 per week and have no other BTC purchases, they might not reach 1 bitcoin in 10 years...

This is true, anyone who started with this amount has a chance to reach 1 BTC in 10 years just like you said, but I think even if a guy did not increase his bitcoin purchase they may likely reach 1btc depending on how consistent they're towards thier accumulating journey, if they can't achieve thier investment target within this 10 Years they still have every right to extend thier accumulating journey to like 14 to 15 years or even more just so that they can be able to reach thier investment target, and sure this is all about determination once they're determined that this is what they want they will do everything possible just to ensure that they achieve thier investment goal.

If a person projects out 10 years into the future, there are likely quite a few unknowns, yet they still might be able to project out a base case scenario and then better or worser cases that might cause a variety of factual outcomes to change, and so yeah, when a person is projecting out 10 years they might have flexibility if they are in their 20s, 30s or even 40s, yet the later in life they get, they might not have as much flexibility, even though i would imagine that guys who are older are going to have had already built up various resources, even though there could be exceptions in regards to how many resources that they had built up in their younger years.

Quote from: Finebone on Today at 09:14:03 PM

Quote from: ejikeme24 on Today at 08:35:33 PM

Quote from: JayJuanGee on Today at 08:07:16 PM

We should still be trying to be realistic, and surely someone who starts today with accumulating $250 per week of bitcoin has a chance to reach 1 BTC in 10 years if they are able to increase their weekly (or otherwise) BTC purchase amounts in the coming 10 years. If they stay at $250 per week and have no other BTC purchases, they might not reach 1 bitcoin in 10 years...

This is true, anyone who started with this amount has a chance to reach 1 BTC in 10 years just like you said, but I think even if a guy did not increase his bitcoin purchase they may likely reach 1btc depending on how consistent they're towards thier accumulating journey, if they can't achieve thier investment target within this 10 Years they still have every right to extend thier accumulating journey to like 14 to 15 years or even more just so that they can be able to reach thier investment target, and sure this is all about determination once they're determined that this is what they want they will do everything possible just to ensure that they achieve thier investment goal.

Don't you think that the unit of Bitcoin he might be getting with $250 will decrease overtime?
Due to constant increase in the value of Bitcoin. I don't think it will be possible even if he stay consistent, what might makes him get to achieve that goal is if he can increase his discretionary income, and invest more, like $700-$800 per week, but with $250, it can't be achieved in that space of time even though the person is consistent, because the value of Bitcoin will not be waiting for you, it will keep on souring, so you get a smaller unit of it as time passes by.

Both of us already mentioned starting out at $250 per week and then potentially increasing the amount as the years go by.

Surely even a person starting out at $10 per week might be able to get to $250 per week and/or beyond depending on various personal financial circumstances.

There are some folks in which their income and/or discretionary income is not expected to increase by any meaningful amount, yet some times folks are fairly young, they may well expect their discretionary income to increase through regular raises and also potentially through promotions too. I recall one period in my life in which my income had gone through soem stagnation due to training and school, yet there were times in which I had my income increase quite dramatically (and I said to myself that I don't even need this much income), yet in a matter of a few years my income had doubled a couple of times, meaning it went up by 4 times.. so those were BIG changes, and surely there were choices, as well regarding how much to increase the standard of living or to invest the extra money. I was fairly aggressive in my investing of the money, even though there surely were some areas in which I screwed up in regards to some of my investments, too.

Some folks might also be fairly young, but they end up getting caught in some kinds of work that don't have much upside and/or promotion potential, and so frequently there can be difficulties regarding career changes but also sometimes getting job-related training and/or education early in life so that potential opportunities might end up opening up depending on the kinds of training that a person might get and also some of the persons abilities to find placement for himself.