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.

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.


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.


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.


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.

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.


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.


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.


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.