[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.
[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.
Indeed even if an investor wants to explore the other different methods of accumulating Bitcoin, DCA should still reemain the backbone of their investment plan. The reason for this is that DCA gives an investor a sense of consistency, it removes emotional decisions such as panic selling, and then keeps your portfolio growing regardless of short-term price movement.
On the other hand, one who relies heavily on the lump sum strategy may end up asking questions when the market takes a downturn. Questions like, “Did I move invest too fast? Should I have waited?” And it is such question that pushes people into selling out of panic and regret......And again one who depends solely on Buying the Dip may also begin thinking and questioning themselves that they would have gotten more if they waited a little bit longer and in the case of new investors, they may end up never investing in Bitcoin coz they are trying to catch the perfect entry point.