Quote from: JayJuanGee on August 28, 2025, 08:13:44 PM

Quote from: Tungbulu on August 28, 2025, 06:12:59 AM

Quote from: Sticky Bomb on August 28, 2025, 04:20:18 AM

[edited out]

Hitting almost 1 Bitcoin in just 2 years? He must be making a lot of money from gathering disposal cans and reselling them to have been able to accumulate such an amount. Or maybe he's not actually investing with his discretionary income alone. Yeah maybe sticked to a consistent DCA but definitely not with his discretionary income alone, which can be a very dangerous approach for investors. Sure we can learn a thing or two from the man's story, like the consistency and sticking to a regular DCA, but let's not be to aggressive with our accumulation to the extent that we act or become ignorant of things that really matters, like taking care of essential expenses, setting aside funds for backup and Investing only with our discretionary income. Because some investors after seeing these kind of posts, gets overly motivated, aggressive and obsessed with reaching a sizable amount sooner, it's always crucial to prioritize setting and sticking to a realistic approach as this is the key to actually reaching your financial goals.

We could do a quickie search and see that if a guy had dedicated to buying $440 per week in bitcoin between 4/11/2023 and 4/11/2025, he would have invested slightly more than $46k, and he would have had gotten to 1 BTC.

Starting with investing $440 per week into bitcoin now would likely take longer than 5 years to reach one bitcoin.

There can sometimes be ways to hustle by identifying a way to work hard, potentially even suffer for a while, and to put yourself into a better place. Of course there are needs to safeguard your investment too.

If a person has a regular job that covers all of his expenses, and let's say that he had $430 per month or $100 per week of discretionary income.

On the side the guy starts to collect and to sell cans, so his selling of cans increased his discretionary income. It might have had increased some of his costs too, so for example, he has to drive around (and use gas - although in one of the pictures I see him on a bicycle which would reduce costs in some ways but maybe increase costs in other ways) and maybe there are other costs that are involved, so increasing the activity of collecting cans in this case might not be all purely additional discretionary income since some of his expenses might have gone up.

I agree with your point that there may well be more going on behind the story, and even collecting cans for the past two year, it seems that it might be difficult to clear around $440 per week for two years straight, even though surely there sometimes are certain kind of ways that guys can earn extra money on a consistent basis, and they might not realize or have had properly done the calculations, like you suggest, and which is reasonable to calculate some of the specifics to see if the story is believable and if so, how much extra discretionary income it would need to generate in order to be able to reach such levels of bitcoin accumulation.

Actually, there sometimes can be people in certain kinds of industries that have mediocre to normal levels of pay, yet every once in a while through their work, they might get lucky in the kind of contract that they enter into or that certain jobs end up being quite lucrative and profitable... and merely the person was in the right place at the right time to land a certain lucrative job that he had thought was otherwise beyond his capabilities... yet he was in the right place at the right time and he had the proper training (or resources) to be able to carry out the job.

Quote from: Miramax12 on August 28, 2025, 08:29:18 AM

Quote from: Dareo on August 28, 2025, 05:30:32 AM

[edited out]

It is not often people distinguish between "routine" DCA and what happens when you’re working with a lump sum. Makes a lot of sense when you explain it that way.
That combo approach you are doing immediate partial buy, conditional dip buys, and boosting your weekly DCA is actually really smart. It gives you structure but still leaves room for the market to come to you. Most people either go all in too fast or overthink and miss their windows entirely.

Sometimes we can employ techniques and strategies that we believe to be moderate and reasonable based on some new circumstances, such as receiving a $1,500 bonus. Yet at the same time, we might want to be careful to NOT over think the matter, since it may well be better to just DCA, yet every once in a while some adjustments can be made and we can recognize the trade-offs that we are making when we deviate from DCA and we might supplement with lump sum buying and/or buying on the dip, and maybe we might consider that since we are already doing $100 in DCA every week, then maybe it doesn't make any sense to add more to our DCA, but instead we think that with our extra money will ONLY focus on the two other strategies - even though there are risks.. so for example, if we put $1,200 into buying right away, then the BTC price goes down, then we might feel bad that we could have had gotten more if we had waited, and if we dedicate $1,200 towards buying the dip, but then the BTC price does not dip enough to fill any of our orders, then we might feel that we did not treat the situation in a way that would help us to attempt to be mostly emotionally neutral about whatever way that the BTC price might go.

Quote from: Justbillywitt on August 28, 2025, 01:45:13 PM

Quote from: Miramax12 on August 28, 2025, 08:29:18 AM

That combo approach you are doing immediate partial buy,

Miramax12 you have lots of of explanations to do here because you ain't really making any sense to me with what you are saying here. What do you mean by combo approach and immediate partial buy? I haven't heard anything about immediate partial buy since I started bitcoin investment. How does partial buy work? Is either you are buying bitcoin or you are not. I don't really understand were immediate partial buy is coming from, how do you do that please?

You probably need to read the underlying posts within Miramax12's response, since he seemed to have had been referring to the description within one of my earlier posts that was within the part he cited... Without context Miramax12's post might not make very much sense.

Quote from: PremiumcryptoHub on August 28, 2025, 07:05:31 PM

Quote from: Tungbulu on August 28, 2025, 06:12:59 AM

Quote from: Sticky Bomb on August 28, 2025, 04:20:18 AM

Quote from: Joy_learns_crypto on August 21, 2025, 07:23:04 AM

I saw this post in my LB and though it would be a source of encouragement to lots of people here to find ways to make discretionary income available even if it means taking a side hustle and start investing instead of just waiting until whenever you would start having discretionary income to invest into bitcoin, you can actually do more to raise such income that you would use to invest into bitcoin just like this guy. Another remarkable thing is his consistency for a long period of time, doing the same thing over and over again and investing the proceeds into bitcoin, this is an evidence of great dedication, commitment and consistency in his accumulation journey which is required of anyone who wishes to be successful in his investment into bitcoin.

Hitting almost 1 Bitcoin in just 2 years? He must be making a lot of money from gathering disposal cans and reselling them to have been able to accumulate such an amount. Or maybe he's not actually investing with his discretionary income alone. Yeah maybe sticked to a consistent DCA but definitely not with his discretionary income alone, which can be a very dangerous approach for investors. Sure we can learn a thing or two from the man's story, like the consistency and sticking to a regular DCA, but let's not be to aggressive with our accumulation to the extent that we act or become ignorant of things that really matters, like taking care of essential expenses, setting aside funds for backup and Investing only with our discretionary income. Because some investors after seeing these kind of posts, gets overly motivated, aggressive and obsessed with reaching a sizable amount sooner, it's always crucial to prioritize setting and sticking to a realistic approach as this is the key to actually reaching your financial goals.

It may not be impossible to get a Bitcoin in just 2 years, but the statement mentioned here is wrong because it is mentioned that this Brazilian man is close to earning almost one bitcoin in two years by collecting cans. How amazing is it that this man quietly collected Bitcoin, away from the hustle and bustle of institutional investors and the Treasury, and in fact a fighting spirit has blossomed within him. As far as I know this person already has a well-known nickname: Crypto Scrapper. By the way, check out this post of his on how he raised money and how he made $7.50 selling cans. Maybe he continued his struggle like this every day and was able to sell all the cans he found and turn them into Bitcoin. Looking at the signs of his struggle, it seems that he collects only these cans from all over his city. Moreover, the Brazilian has already proven that the rumors are false and he has mentioned that he is still far from acquiring one Bitcoin and Oliveira current goal is to reach 0.1 Bitcoin.

This makes more sense, since can collecting does not tend to be very lucrative. So with my earlier example, a guy collecting $44 per week and using that $44 per week to buy bitcoin between April 2023 and April 2025 would have gotten him up to 0.1BTC within those two years.

At that rate, he will likely never reach a whole bitcoin, unless he is able to increase his income through other means or more lucrative work.

Yet, he does not necessarily need to reach a whole bitcoin in order to be well off. In 15 years, he may well ONLY need around 0.35 BTC in order to have an annual income of $40k, which surly is a large amount, and even with merely another 8 years if he were able to get up to 0.3 BTC, then that would products something like $12k per year.. of passive income.. which surely would not be a bad place to be after 10-ish years of collecting cans. He probably would be updating his life style prior to then.

It is reasonable to assume that this person only mentioned that he collected Bitcoin by selling cans, and it is not yet known whether he has other occupations, It is not even specified how much money he can sell cans per day. However, he mentioned in a post that he received $7.50 after selling some cans, which means his total income per week is about $52.2, In that context, if we consider that he earns this amount daily, then perhaps this Brazilian person will not be able to earn 0.1 BTC with this amount of money in two years. Surely he is connected to some other profession and profitable work or he is using these untreated wastes as a means of passive income, However this Brazilian man's initiative is certainly a symbol of the transformative power of the digital economy, and will inspire many low-income individuals to invest through DCA because investing only works with a small amount of money and a lot of struggle.