If we're putting aside like 50 bucks a week, I calculated it takes about 32 years to hit 1 BTC. Seriously, does that sound too long? Should we think about upping our weekly budget to get there faster?
How Long to Accumulate 1 BTC?
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mr_satoshiFull Member
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#2Apr 23, 2019, 09:10 AM
Honestly, if you boost it to $500 a week, you’re looking at around 3.5 years. Way better than 32, right?
I think it's important to really think about when you want to enjoy that BTC. Like, if you're 30 now, waiting till you're 62 for 1 BTC seems crazy. What’s your plan?
Yeah, but not everyone can snag a whole BTC in their lifetime. With how salaries are, some folks are just stuck. If you’re only throwing in 50 a week, it’s tough. As Bitcoin rises, that $50 won’t go far.
For real, timing your invest is tricky. The price changes constantly, so it's hard to nail down how long it’ll take to get to your goal. DCA is probably the best way to go, regardless of how much you’re targeting.
But your math is off since it assumes Bitcoin stays at a fixed price. The dollar value changes, ya know? Bitcoin could get super expensive, and who knows how fast.
Totally, Bitcoin’s price swings are insane. You gotta factor in those ups and downs. Why stress over hitting 1 BTC? Just accumulate at your pace, and remember to actually spend some too.
calmoracleNewbie
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#8Apr 28, 2019, 01:10 AM
I hear you. But I think setting a target helps keep us consistent. I know it’ll take time, but I’d like to aim for something rather than just flounder.
But why is 1 BTC the target? Even 0.1 would be great if Bitcoin keeps climbing. If it hits 126k again, that’s nice. 0.1 at $2.5M? That's some cash!
I think getting to 1 BTC will take longer than this year. $500 a week might be a better option, but it's still a long game given Bitcoin's variable pricing.
You can only invest what you can afford. Don't pull funds from necessities to chase Bitcoin. It's not wise to cut back on groceries for this.
So true. I only buy Bitcoin whenever I can and whatever I can afford. Holding less than 1 BTC works for me. No pressure!
@Coyster, nailed it! Some folks confuse chasing goals with making rash decisions. If you can’t fit $500 into your budget, then maybe stick to your $50.
But the math is shaky here. If Bitcoin keeps changing, how can you plan? Plus, not everyone can drop $500 a week.
jake.minerNewbie
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#15Apr 28, 2019, 07:29 PM
Yeah, I've given up on the 1 BTC dream. Just buying regularly is more my speed. I’m fine with whatever I can stack.
tonymatrixFull Member
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#16Apr 28, 2019, 11:47 PM
For me, I’ve got a plan to put away BTC consistently over time. But I’m not sweating it to hit 1 BTC.
4-10 years seems legit for consistent deposits. I’m not stressing too much about the price. Just need to keep buying at the right times.
Everyone wants to hit 1 BTC, but not everyone can. Life has other priorities too. Just invest at your level.
raven_2020Member
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#19Apr 29, 2019, 05:27 AM
Spot on. You don’t have to hit 1 BTC to succeed. Just focus on what you can manage and have reasonable goals.
Sounds like a solid plan! Instead of sweating hitting 1 BTC, just make those purchases happen. It’s not just about the target but the journey.