Well danadc..If you had started accumulating BTC at around the mid-ranges the amount that you are currently suggesting, at $30 per week at around the time of your forum registration, then by now, you would be quite close to having 1 BTC. You would have had invested ar0und $12k and have right around 0.83227421 BTC. Pretty damned close to a whole bitcoin.
At the same time, I doubt anyone is suggesting that 1 BTC is enough, even though someone just getting started might not be able to realistically aspire towards accumulating a whole bitcoin in the next 10 years, unless maybe he is potentially starting at around $250 or more per week, and even then, from my perspective, he may well need to bet to higher levels of BTC buying if he expects to get to 1 BTC or more in 10 years.
For anyone, like you, who potentially has spent some time accumulating bitcoin, he would be factoring in how many BTC he had already accumulated, and hopefully after nearly years registered on the forum you would have had been able to accumulate more bitcoin than someone who is just currently starting, and yeah, sure it is possible that 1 bitcoin is even far from being reached even for a person, similarly situated to you, with nearly 8 years registered on this forum.
You are absolutely right, that those who have been investment Bitcoins in small amounts are far ahead of the newcomers. It is absolutely true that collecting 1 Bitcoin will be a little difficult for newcomers, in my opinion investment Bitcoins on time is the biggest key. If newcomers understand that if they can continue to invest in small amounts, they can expect good things in the future. Collecting 1 Bitcoin will not be easy for newcomers, but nothing can be achieved without effort. I started investment Bitcoins little by little, I have not collecting one Bitcoin yet, but I have not given up. If you can collect Bitcoins consistently, it is possible to go a long way.At the same time, I doubt anyone is suggesting that 1 BTC is enough, even though someone just getting started might not be able to realistically aspire towards accumulating a whole bitcoin in the next 10 years, unless maybe he is potentially starting at around $250 or more per week, and even then, from my perspective, he may well need to bet to higher levels of BTC buying if he expects to get to 1 BTC or more in 10 years.
For anyone, like you, who potentially has spent some time accumulating bitcoin, he would be factoring in how many BTC he had already accumulated, and hopefully after nearly years registered on the forum you would have had been able to accumulate more bitcoin than someone who is just currently starting, and yeah, sure it is possible that 1 bitcoin is even far from being reached even for a person, similarly situated to you, with nearly 8 years registered on this forum.
Hopefully you are setting goals that are realistic within your capabilities, so since you have been registered on the forum for a couple of years, and if you had been investing around $100 per week or so, you might have had been able to invest around $12k or so and to get up to 0.25 BTC or so, and if you have a quarter of a bitcoin, you might still find it a challenge in regards to how much you are able to invest to maybe get up to 0.5 BTC.. to double your stack.. it might take you another 3-4 years, even if you double your weekly purchase amounts - if that is even possible or reasonable within your circumstances.
So we go with where we are at, and our history can help to inform us the extent to which we might be able to make changes or perhaps what the results would be if we continue with some similar path into the future.
If newcomers understand that if they can continue to invest in small amounts, they can expect good things in the future. Collecting 1 Bitcoin will not be easy for newcomers, but nothing can be achieved without effort.
It is easy to do simple arithmetic and ascertain how much one must have built if one accumulates a certain amount of bitcoin per weeks and do that consistently over a certain period of time. that is not difficult to know but the issue is in being discipline to translate such knowledge to reality where you actually do the buying consistently for at least a year and then continue doing it for a longer period of time till you must have reached your investment goal.the most difficult part of investment is getting started and actually staying disciplined till you have gotten what you want. literally, if one starts with $50 per week, you can be certain that in a year, you must have accumulated nothing less than $2.5k in bitcoin and for a newbie that is just in his first year of investment, there is nothing that will be more rewarding than looking at his wallet and seeing that amount of asset sitting down, that is going to be a driving force that will motivate him to replicate it the next year and then another year. the consistency in long term investment starts when you are able to stay disciplined for a year and then it shows that it is possible to do that for two years and then multiple of circles.
You are correct that investing $50 per week for a year would result in $2,600 invested into bitcoin, yet it does not mean that after a year your bitcoin holdings will be profitable. it could be the case that you keep investing into bitcoin and they are negative for extended periods of time, meaning that value of the bitcoin is worth less than the amount you put in.
After a person has invested into bitcoin for 4 years, then his average cost per BTC may well be right around the 200-WMA. Usually the BTC spot price is higher than the 200-WMA, but it is not always higher than the 200-WMA, and surely there are many folks that might invest a couple of cycles into bitcoin before they really start to feel progress, and it is not even guaranteed that the bitcoin holdings will be profitable, even though bitcoin is likely one of the best, if not the best place, to be investing... yet there are both risks in the asset and there are also executional risks. .which means some folks will screw up their bitcoin investment by their own actions and/or their failures/refusals to act when they should. Security is one area of screw up and cashflow management is another area and even making sure that they have an income to cover all of their expenses is een another area where folks can screw things up and then negatively affect their bitcoin investment.
Those of us who invest in the Bitcoin system may have a chance of success or return based on effort and duration of time. Bitcoin has become the best performing asset of this decade so that possibility lies only within us, meaning we can be selected to receive rewards at any time by investing in Bitcoin.
Bitcoin over time has been positive and has risen above every other asset you can think of. Gold has been a world reserve because of it's tangible nature (hardware) but this is gradually changing as the world is realising the future in bitcoin. Bitcoin price increase is nearly exponential but it's volatility is usually the fear of beginners.You know the meaning of CAGR? It is the compounded annual growth rate, so it is difficult to have high numbers such as 20% or higher over long periods of time. Bitcoin's long term CAGR is likely to continue to be coming down, yet at the same time, Bitcoin's CAGR is likely to continue to beat various traditional assets at least for some time into the future. It is not guaranteed, but it is likely. We can measure out any asset and let's say that the investment timeline is something like 8 years, and we see that in the last 8 years bitcoin has a CAGR of 58%.. that means every year during that period, on average, it has grown 58% which gold and the S&P have only grown on average 13% and 12% per year during that time.
Surely there may well be some assets (specific assets like NVIDIA or even certain properties) that have CAGRs that approach bitcoin's CAGR over similar periods of time, such as over 8 years, and yes, it is interesting to continue to see how bitcoin's ongoing CAGR will continue to measure in comparison to other places that value can be placed/invested.
Bitcoin is an asset in which everyone and anyone can invest, so it is greatly accessible, which also puts it at an advantage over various other assets, and even if we think about the matter of bitcoin's early entrants.. so some of the BIG players are ONLY recently coming to bitcoin, so the early entrants were able to frontrun a lot of the BIGGER players, such institutions, governments, status quo rich and venture capitalists, which surely continues to be a challenge for some of the BIGGER players who still either have not gotten into bitcoin or they are only just barely getting started getting into bitcoin. Individuals and smaller players can still front run several of these later entrant BIGGER players who still have not gotten into bitcoin and/or are just barely getting into bitcoin.
Yes no one knows what the future if Bitcoin would be but it's given investors hope over time that if they remain patient and hold for a longer period the profit is guaranteed, it shown signs of having strong potential of doing well in future so I see just saying's statement as discouraging, a true holder shouldn't say such nor alter worlds that would discourage others from holding.
Even if bitcoin is amongst the best, if not the best of investments, profits are not guaranteed in bitcoin, even if a long holding period can be achieved.
Sure, the longer period of time has an upward trend, despite shorter periods of high volatility, yet bitcoin's long term trend is also not guaranteed to continue to happen... and there are also execution risks too that can screw up any individual investor. It is misleading to suggest that bitcoin profits are guaranteed, even if bitcoin is amongst the best, if not the best, place to put value for a broad spectrum of the world's population, as long as they have a discretionary income.