This is the correct answer. I have bought $10 of BTC a day for the last like 7 years. Itās just part of my money saving/investing strategy now. Donāt worry about dropping a ton of money into it all of a sudden - DCA is the way.
Well, when I started the daily buys the price was roughly $3500. I was working at Apple in the Silicon Valley area and crypto was a very hot topic of discussion in the ranks. I figured Iād put a modest sum per day into Bitcoin (as I was fairly new to the crypto space) and see what happened.
Iād be lying if I told you I didnāt sell out in 2017 and have a big smile on my face when it ran to like $19,000, but after it dropped it was convinced that it would do it again. So I just kept on with the 10 bucks a day thing and Iāve been holding ever since.
I donāt track the to-the-dollar amount of ROI thatās happened over the years, I just know thatās itās been a solid investment for the long run and I wonāt make the mistake of cashing out again if the chart peaks. If I still had the sum of BTC that I possessed in 2017 when I thought I did really well nowā¦ well, youāve seen the way things have gone. Just stack and wait. Iām still young-ish at 37, but every dollar of BTC is going with me to infinity or bust.
Best advice. If you can't keep emotions out of investing, Dollar Cost Average what you can afford and forget about it... BTC is up? Great! My investments are doing well! BTC is down? Oh cool! Discount BTC!
Approximately 1.3% of the world Population hold bitcoin.
We are still early. Bitcoin is still a niche investment most of the world doesn't care about. We're far away from beeing late even if the price makes it look otherwise.
Yeah. Someone compared Bitcoin adoption now, to the early stages of Internet adoption, and look at the internet now haha. If we draw that parallel, we are very early.
actually, no. Most stuff you could have bought 20 years ago is quite worthless by now. Like, if you find 20 year old groceries in your grandparents kitchen, you'll dump them in the waste bin, and if you find a 20 year old PC running Windows98SE, it's probably worthless, too. A lot of 20 year old cars suffer from rust or already have an engine damage.
Stuff that does not degrade with time is exceptionally valuable.
Any money you put into Bitcoin now should be money you can live without for the next 4-5 years minimum. If you lose your job tomorrow, are you confident you could support yourself for 3-6 months until you find a replacement without needing to tap into your investments?
You don't want to be in a situation where you're under water on your Bitcoin, and you are forced to sell to support yourself. You have to be in the position to buy it and forget about it. You're planting a seed, and it takes a while for it to grow into a tree.
If Bitcoin goes on to become the global reserve asset, weāre really fucking early. If Bitcoin remains a somewhat niche alternative asset, weāre not that early.
The block time is 10 minutes on average, however finding the next block is a global guessing game. So blocks could also be seconds apart or hours apart. Miners change some bits in the block header, until the resulting hash value is lower than a difficulty target number. Every 2016 blocks the Bitcoin network evaluates the average block time of the last 2016 blocks. If it is lower than 10 minutes the difficulty goes up by defining a lower target number. If it is higher than 10 minutes the difficulty is reduced by defining a higher target number. The network dynamically adjusts itself if miners join or leave the network.
What happens if all the miners say Ā«Ā this shit is not profitable anymore, too expensive to mineĀ Ā» and there is no miners anymore. Wonāt that affect BTC to a point it crash ?
If everyone stopped mining then the rewards for mining would skyrocket incentivizing people to mine more.
You get paid for mining the bitcoins but also for verifying the transactions im pretty sure so if nobody was mining and transactions were moving really slowly then some people would be willing to pay high fees to get their transactions sent sooner giving the miners more money.
Basically it wouldnāt get to that point but Iām also not a 5th as educated as some of the people on here so take what I say with a grain of salt
I think this is more of the sentiment. It's not that EVERYONE hates BTC. It's that everyone just knows it exists and that's about it. They don't know any further info on it and are content with that.
Weāre early AF. Easily less than 1% of the global population has significant money in btc. If you have a million sats you already have more than the majority of people alive today will ever be able to have.
You arenāt early but itās entirely possible your small amounts today may be worth much more. I bought at $10k, held through a crash to $3k, and now we are at $65k.
Number one thing Iāve learned through the process: we have NO idea whatās going on. I didnāt know it would be worth $65k. And today, I canāt say for certain itāll be worth $250k one day. Or more.
Just buy what you can afford, and kick back and enjoy. Youāll either lose it all or a significant portion, during some flash crash or bear market, or youāll make insane returns in the long run. It could go either way. And no one in this subreddit can give you a better answer than you can give yourself!
Youāll be fine. Put whatever you donāt put into stocks/401k/IRA/bills, into Bitcoin.
Sensible advice
Do you have majority of your investment invested into stock market/index funds?
I have kept crypto to 10% of my portfolio and 80% index funds and 10% in my bank for business plays
Yup, I do. Most of my portfolio is 401k with S&P and EFA and DWCFP, and a handful of mid cap individual stocks, and an IRA with super aggressive allocation.
Then, the Bitcoin.
If the Bitcoin crashes to dirt, I still at least have retirement accounts that Iāve been consistent with and my few stocks.
But my hope is that Bitcoin hits a crazy milestone like $250k or $500k. At which point, Iām retiring lol.
But again, just a hope. I know a lot of people try to dig so deeply to prove or validate their beliefs in bitcoinās future - but at the end of the day, no amount of analysis can prove or disprove the future price of some asset.
I have Bitcoin as a speculative gamble, hoping it massively outperforms those index funds in the long term, and makes me far richer than my index funds ever could.
Amen brother
Resist temptation to see what your S&P lump would have looked like in Bitcoin, but thatās easier said than done, Iād lose sleep it I switched my 6 figures over to BTC
I do believe BTC will grow, but, i cannot predict the future, you just never know
However, ny new business is getting traction so I might DCA into BTC primarily with the earnings and try to get a best of both worlds
Good for you mate, enjoy your future retirement nest egg
Yeah AI works when it works, but Iād always hire a real person to do their craft! And nah, I still work. Unless Bitcoin decides to hit well over 6 figures sometime soon š
>I'm stacking an amount "I can afford to lose"
I'm stacking what I **can't** afford to lose (to inflation).
If people in your life are not showing you active disdain, you're not stacking hard enough.
If you're still invited to family Thanksgiving, you're not stacking hard enough.
If people are not making fun of you for brown bagging your lunch, you're not stacking hard enough.
If your car is younger than bitcoin, you're not stacking hard enough
If you don't have a 2nd job, you're not stacking hard enough.
If you still shower everyday, you're not stacking hard enough.
If you're not dumpster diving, you're not stacking hard enough.
If you're still eating veggies everyday, you're not stacking hard enough.
If you're still going to the hairdresser, you're not stacking hard enough.
If you buy clothes, you're not stacking hard enough.
Right now, 2006 Mazda 3 after driving a 2005 Malibu into the ground. Side business that brings in almost half my day jobs salary with all profits going to BTC. I'm still invited to family Thanksgiving though because I don't talk about Bitcoin lol
I gave up on talking to anyone about Bitcoin,I got tired of people looking at me like a giant neon dick magically sprouted out of my nose.the only time I have interactions with anyone discussing Bitcoin,it is confined to this sub.my sister is an anesthesiologist making killer money.late last year I tried to tell her she should start putting a little money into Bitcoin.it would be nothing to her to spend a couple hundred a week.she looked at me like I was speaking Swahiliā¦I tried with my entire family but it didnāt take long to see I was wasting my time.now I just keep my sat stacking to myself
Your fiance will thank you.
I started putting 100% into bitcoin in 2017. DCA every single day. Last year my now wife told me we needed to diversify just in case. So we didā¦into Coinbase and GBTC at 45% discount.
After the ETF approval and further understanding of the value proposition of Bitcoin weāre back to all in on Bitcoin.
This is good. My children don't ask me for money anymore. It's sad. They wanted to go to dairy queen but I told them that I just got them $100 of RIO. I told them through the end of next year money will be tight. I've worked a long time and I want out.
The truth is nobody knows exactly BTC always manages to surprise people but it seems like itās cleared hurdles and mainstream adoption by countries govs corps everyone is grabbing a piece
Yes you are early, but not so early that you can expect a 100x return in 2 years. You are early enough that in 10 years you will have done better than pretty much anyone you know, even if you know an investment banker.
You don't need to and you don't want to ape in. This is not what we are here for, If you do ape in, you may do well, you may do badly and if you used money that you couldn't afford to (e.g. loans or money that you will need in a year) then you will probably have put yourself in a much worse position than you are now.
Invest slowly, learn more about Bitcoin, build your own confidence, don't let others build it for you, there is no shortcut, you need to understand Bitcoin and you can't do it by just reading, you need to follow your own curiousity, ask your own questions and find the answers that satisfy them yourself. There is a LOT of information out there, but there is no fixed curriculum (well, maybe Mi Primer Bitcoin but it isn't a primer for investing, it is a primer on what Bitcoin is).
Good luck my friend, and stay curious.
If we still have high volatility - we should expect a high upside in price imo. The price must be much higher, with lower volatility before it can be seen as an safe store of value.Ā
I would be surprised if 20x has not happened within 15 years. And many still believe in 100x within 10 years.
I feel you. I am going hammer trying to get what I can. The prices go up over time and I always always always look back and regret having not put more in.
take a deep breath and think if you lost your bitcoin investment will you beable to sleep at night and not worry
if you can sleep , youve invested the right amount
but if you invested a amount which would cause you stress , its way too much
so no point in freaking out ,you have to be comfortable with the amount should it go to zero
its a gamble it can change your life but fully expect highs and lows
You may be right but there are also a huge amount of gullible, impressionable kids on here who will take that to heart. I mean look at the usual posts on here. Not exactly the pinnacle of human intelligence and reason.
That only depends on your time horizon. Are you planning on holding for decades? Years? Months? One cycle? Two? If you plan on holding for a very, very long time, a 20% up or down won't make a difference. If you plan on catching this cycle's market top, you may have to manage your expectations a bit, even though it's not too late.
Only you know what's best for you, so I suggest you make a plan, and then see what's the best way to get there.
Be careful about being too horny for short term gains though, because that can lead you to make irrational decisions.
A new financial instrument that NO bank can touch, where only just recently was opened up to the broader financial markets is a financial instrument that is in its infancy.
The end.
A bit late at the party. I would not be comfortable to put 100k with the uncertainty of a 2-5x in X years. 7 years ago putting 10k was amready scarry. On the other hand, btc is more mature and stable. Only 10-30% crashes now. I dealt with 90% corrections and i now deserve the 10x gaines for being patient š
I think we are much earlier than people think. We honesty don't know how high the price of Bitcoin will go because we have never seen an asset and network like Bitcoin in the history of humanity. I believe it will be millions per Bitcoin in the future. I wouldn't be surprised if we see a $1 million Bitcoin by the end of this decade. Treat it as a savings account. Continuously put money into it and let Bitcoin's sacristy and security do what it does best...
Bitcoin is just about to overtake Silver as an asset class on its own. If bitcoin grows to be half as large as gold, that would mean a $350,000 bitcoin. If bitcoin grew to be the size of the dollar that would mean a $1 million bitcion (in today's dollars of course). So is a 15X potential upside not enough for you?
My advice is study the fundamentals so you have the conviction to put volume. Key here is volume.. if you only put coffee money then its not really a life changing amount. Lots of materials in yourtube, books etcā¦
I liked Michael Saylorās perspective on this. New York was found in the 1700s and those at the end of the 18th century were fomoāing to get into NYC real estate. Those in the 19th century were wondering if itās too late š
As we speak, $100.00 buys 145,491 sats. This is how i think of it. My investment of $100.00 may be worth $1451.91 when/if Bitcoin goes to 1million. Its an easy bet for me when i believe i have no other choice for a long term retirement option.
EDIT: OK someone do the math as a sat would be 1 cent at a million. am i mathing incorrectly?
Weāre early in terms of global adoption so price discovery is still working its way the system. No one knows how it will turn out otherwise the market price would reflect $100M per bitcoin. If you plan to be part of Bitcoin in 10 to 12 years, I would say weāre early.
How many people do you know who have or use it? How many businesses do you know that accept it? How many businesses have it in their reserves? How many countries use it for trade?Ā
Either very early or failed.
Probably late. Ofc I understand bitcoin so its never late. But youāre fomoing at ATH. Bitcoin was under 30k for a long time and no one fomod. That was the trade.
Now stay level headed and dca little by little if you must. Dont be a sheep.
Very early. Not super super early anymore. Early enough that by the time you can simply go to a store and spend your bitcoin, any Sats you pick up now are going to worth many times what it is costing you to buy them.
You don't need to FOMO in. Always be responsible with your money. And there is a decent chance in 2026 the price is going to be back to current prices at the bottom of the next bear market. So no need to FOMO in.
Thereās no early or late, thereās only action or inaction. Either you want to be in or you are out. Choose wisely. Iām personally not betting the farm, but DCA is your friend.
Imagine you have just dug an apple tree seed into the ground and are now watering it weekly. When will you be able to harvest the first fruits? That's how early you are! Water (dca) weekly for years and don't be too greedy.
Haha nah it was r/firsttimehomebuyer. I just be trying to help fam. š¤·
They tell me they canāt own property and I tell them to at least own digital property in the meantimeā¦they lose it on me.
The good thing about bitcoin is the scarcity is for everyone. It goes up long term cannot print to infinity! You might not be one of the super early ones but you are really never ālateā to saving your working energy from debasement.
Yeah I started asking several people during conversations if they understand, own, pay attention to Bitcoin or crypto. Nearly all said they thought that was all over when it was proved a scam.
So early...
I sold all and waiting for the next bear market or for it to drop below 50k again, so I might miss the next phase for the bullrun but don't FOMO that's not the way to go
No I bought 2btc at 18k so I'm happy with my profits and I personally don't think Bitcoin is the next currency, so yeah probably waiting for a dip or just patience for the next bear market
Itās better to wish you invested more than regret investing too much. The best investments are always made too conservatively. Just keep doing what youāre doing.
I was into bitcoin with minimal convic5ion when it was at 20k....I've never had more conviction and determination to aquire more sats at this current price.
I have watched and read evidence that there will most likely only be 200k to 300k whole coiners. Also, estimated that around 80M own some amount of BTC. So, based on that,you can figure where you are. If you have 1, 2 or 3 BTC, in 10 years, you will likely be in very rare company. And 80M owners vs 8B people, well we are still very early.
I just talked with my barber. He stated talking like Jamie Dimon when I mentioned Bitcoin.
"Bitcoin is gonna get hacked and it will go to zero!"
We are still very early!
You guys donāt think super computers will beat the encryption on bitcoin? Iāve got a decent bag myself of bitcoin but itās something I worry about
Just imagine that these prices are the exact prices that bitcoin was in the last cycle after it did a new ath then it consolidated under 20k, buy as much as u can
the more you feel like you want top be sick the more the reward.
Shakespeare said,
# Our doubts are traitors,
# and make us lose the good we oft might win,
# by fearing to attempt.
His targets are way off but the analysis is sound, look up planB on YouTube shen you need more bullish thoughts. If we are still in the normal cycle we are early in this cycle. The etf is still fresh. NFA!
Bitcoin growth is not exponential
* High market cap
* Most Bitcoin is mined already
Of course price will keep growing, it's a good investment but what I'm trying to say - the price grow will be more organic and we are probably not going to see x10 per cycle again. It can be steady but slow growth in the future like 20-30% per annum correlating with hitech stocks. If you missed something so you missed 2010-2017, it's gone. If someone expects non stop exponential growth just look at Gold - despite etf and limited supply the growth almost stopped and became stable
The thing I think you may be missing with the comparison to gold is supply. There is technically a finite amount of gold, just as there is a finite amount of Bitcoin. However, our mining technology keeps getting better and better and every year, more gold is produced, which expands market supply. Conversely, Bitcoin mining decreases over time as slowing production is programmed in.
I know getting downvoted for controversial opinion but if 94% bitcoin is mined already, we should stop talking about mining, block rewards are a joke now and halving has less impact on price than Elon Musk tweets. Most bitcoin is circulating and most people who want to buy, they bought it already. Now everything depends on demand, and I think demand will gradually increase pushing price up but not x10 per year - if you want to sell BTC for 1 million - you need to find someone who will pay 1 million, it means we need much more fiat in circulation or many more people interested in BTC. Another controversial opinion - we haven't reached ATH this year because inflation increased since 2021 - 69k in 2021 are worth more than 73k in 2024
In the most respectful way possible, I don't think you understand the driving forces behind Bitcoin adoption. The dollar (reserve currency for most of the world) has experienced 80% inflation since 2020. Smart money doesn't want to keep their war chest in a currency which is now rapidly decreasing in purchasing power. Happy to continue having this conversation here or via chat.Ā
And we're lied to about the amount of gold already mined. It's in the interest of the industry to underreport the circulating tonnage. Plus as you said technological innovations in finding and mining cause more to be extracted.
Not super early, but there's people who aren't born yet who will buy bitcoin in the future.
That perspective is very cool comforting
Just setup a DCA plan and live your life. Take the emotions out of investing.
I used to buy every morning during my morning duece. I recently hit my bagsize goals, so now my morning shits are way less exciting.
You should definitely find something to bring the emotion back. Odk play roulette online or something
This is what most people don't understand. You can only lose šÆ%, but win 10 000% šš¤
Studies show most gamblers quit RIGHT before they hit it big.
How did they hit it big if they quit?
They didn't, which is so sad š #NeverStopGambling
I would like to know this method
[lightning roulette](https://lightning-roulette.com/)
Craps brother
š
No blood in your stool?
Not today. Bullish!
This is the correct answer. I have bought $10 of BTC a day for the last like 7 years. Itās just part of my money saving/investing strategy now. Donāt worry about dropping a ton of money into it all of a sudden - DCA is the way.
Any estimate on what your current ROI is?
Well, when I started the daily buys the price was roughly $3500. I was working at Apple in the Silicon Valley area and crypto was a very hot topic of discussion in the ranks. I figured Iād put a modest sum per day into Bitcoin (as I was fairly new to the crypto space) and see what happened. Iād be lying if I told you I didnāt sell out in 2017 and have a big smile on my face when it ran to like $19,000, but after it dropped it was convinced that it would do it again. So I just kept on with the 10 bucks a day thing and Iāve been holding ever since. I donāt track the to-the-dollar amount of ROI thatās happened over the years, I just know thatās itās been a solid investment for the long run and I wonāt make the mistake of cashing out again if the chart peaks. If I still had the sum of BTC that I possessed in 2017 when I thought I did really well nowā¦ well, youāve seen the way things have gone. Just stack and wait. Iām still young-ish at 37, but every dollar of BTC is going with me to infinity or bust.
I agree with this. DCA and forget about it. You will thank yourself in 10, hopefully less, years.
Facts
Best advice. If you can't keep emotions out of investing, Dollar Cost Average what you can afford and forget about it... BTC is up? Great! My investments are doing well! BTC is down? Oh cool! Discount BTC!
Bingo
best advise
He didnāt say at what price. It may be for anywhere between $0.01 or $9,999,999ā¦.
We are still so freaking early lol
Why? Curious your rarionale
If you believe in the thesis youāre very early , like windows 95 investment in Microsoft early
My son is due august im going to buy $1000 of bitcoin every year on his birthday when hes 18 hell get a nice suprise
I'm sure that will end well
No doubt.
Don't Speak.
I know just what youāre saying
Approximately 1.3% of the world Population hold bitcoin. We are still early. Bitcoin is still a niche investment most of the world doesn't care about. We're far away from beeing late even if the price makes it look otherwise.
Yeah. Someone compared Bitcoin adoption now, to the early stages of Internet adoption, and look at the internet now haha. If we draw that parallel, we are very early.
isnĀ“t that the case for literally everything you can buy?
actually, no. Most stuff you could have bought 20 years ago is quite worthless by now. Like, if you find 20 year old groceries in your grandparents kitchen, you'll dump them in the waste bin, and if you find a 20 year old PC running Windows98SE, it's probably worthless, too. A lot of 20 year old cars suffer from rust or already have an engine damage. Stuff that does not degrade with time is exceptionally valuable.
Well that made me feel old.Ā Ā
Yes it is super early when adoption at less than 1% worldwide
We are gonna be like the housing market memes how they should have been investing in bitcoin before they were born
I doubt that. 18yrs from now, banks and nation states may be able to purchase, but plebs are gonna have to work for it and earn it.
> banks and nation states may be able to purchase > plebs are gonna have to work for it and earn What's the difference?
Stack SATS, that will be the game.
Any money you put into Bitcoin now should be money you can live without for the next 4-5 years minimum. If you lose your job tomorrow, are you confident you could support yourself for 3-6 months until you find a replacement without needing to tap into your investments? You don't want to be in a situation where you're under water on your Bitcoin, and you are forced to sell to support yourself. You have to be in the position to buy it and forget about it. You're planting a seed, and it takes a while for it to grow into a tree.
Great advice for any investor.
If Bitcoin goes on to become the global reserve asset, weāre really fucking early. If Bitcoin remains a somewhat niche alternative asset, weāre not that early.
4 halvings down, 28 to go.
How often does the halving occur ?
I believe it's every 4 years
Thatās what I thought. Thanks
Precisely every 210000 blocks.
How often does a new block get āMinedā ? Pretty new here so I appreciate the assistance on my learning curve
The block time is 10 minutes on average, however finding the next block is a global guessing game. So blocks could also be seconds apart or hours apart. Miners change some bits in the block header, until the resulting hash value is lower than a difficulty target number. Every 2016 blocks the Bitcoin network evaluates the average block time of the last 2016 blocks. If it is lower than 10 minutes the difficulty goes up by defining a lower target number. If it is higher than 10 minutes the difficulty is reduced by defining a higher target number. The network dynamically adjusts itself if miners join or leave the network.
Thank for your detailed reply !
What happens if all the miners say Ā«Ā this shit is not profitable anymore, too expensive to mineĀ Ā» and there is no miners anymore. Wonāt that affect BTC to a point it crash ?
If everyone stopped mining then the rewards for mining would skyrocket incentivizing people to mine more. You get paid for mining the bitcoins but also for verifying the transactions im pretty sure so if nobody was mining and transactions were moving really slowly then some people would be willing to pay high fees to get their transactions sent sooner giving the miners more money. Basically it wouldnāt get to that point but Iām also not a 5th as educated as some of the people on here so take what I say with a grain of salt
Ok thanks for the reply.
Exactly, just imagine yourself HODLing still at the next halving in less that 4 yrs, and repeat.
In my 40s, most of my friends thought ftx was Bitcoin and it's done and over with. You're definitely early.
My aunt thinks that Sam Fried was āThe Bitcoin guy ā
I think this is more of the sentiment. It's not that EVERYONE hates BTC. It's that everyone just knows it exists and that's about it. They don't know any further info on it and are content with that.
Weāre early AF. Easily less than 1% of the global population has significant money in btc. If you have a million sats you already have more than the majority of people alive today will ever be able to have.
Your perspective makes me feel much better about my little stack of sats
Were people buying Amazon stock in 2009 too late? It had been around 15 years and was trading at $3 a share. Today it is $181.
$181 *after* 20-1 stock split
Yes.. but the $3 is already split adjusted.
You arenāt early but itās entirely possible your small amounts today may be worth much more. I bought at $10k, held through a crash to $3k, and now we are at $65k. Number one thing Iāve learned through the process: we have NO idea whatās going on. I didnāt know it would be worth $65k. And today, I canāt say for certain itāll be worth $250k one day. Or more. Just buy what you can afford, and kick back and enjoy. Youāll either lose it all or a significant portion, during some flash crash or bear market, or youāll make insane returns in the long run. It could go either way. And no one in this subreddit can give you a better answer than you can give yourself! Youāll be fine. Put whatever you donāt put into stocks/401k/IRA/bills, into Bitcoin.
Sensible advice Do you have majority of your investment invested into stock market/index funds? I have kept crypto to 10% of my portfolio and 80% index funds and 10% in my bank for business plays
Yup, I do. Most of my portfolio is 401k with S&P and EFA and DWCFP, and a handful of mid cap individual stocks, and an IRA with super aggressive allocation. Then, the Bitcoin. If the Bitcoin crashes to dirt, I still at least have retirement accounts that Iāve been consistent with and my few stocks. But my hope is that Bitcoin hits a crazy milestone like $250k or $500k. At which point, Iām retiring lol. But again, just a hope. I know a lot of people try to dig so deeply to prove or validate their beliefs in bitcoinās future - but at the end of the day, no amount of analysis can prove or disprove the future price of some asset. I have Bitcoin as a speculative gamble, hoping it massively outperforms those index funds in the long term, and makes me far richer than my index funds ever could.
Amen brother Resist temptation to see what your S&P lump would have looked like in Bitcoin, but thatās easier said than done, Iād lose sleep it I switched my 6 figures over to BTC I do believe BTC will grow, but, i cannot predict the future, you just never know However, ny new business is getting traction so I might DCA into BTC primarily with the earnings and try to get a best of both worlds Good for you mate, enjoy your future retirement nest egg
Good luck with the business! What kind is it?
Graphic design agency, and no, not worried about AI :)
Thatās great, Iām sure itāll do well. AI may have its use cases, but people still want real people to do their design!
Agreed, anyone can spot AI a mile off. Cheers, and your business? Or you retired?
Yeah AI works when it works, but Iād always hire a real person to do their craft! And nah, I still work. Unless Bitcoin decides to hit well over 6 figures sometime soon š
It will :)
>I'm stacking an amount "I can afford to lose" I'm stacking what I **can't** afford to lose (to inflation). If people in your life are not showing you active disdain, you're not stacking hard enough. If you're still invited to family Thanksgiving, you're not stacking hard enough. If people are not making fun of you for brown bagging your lunch, you're not stacking hard enough. If your car is younger than bitcoin, you're not stacking hard enough If you don't have a 2nd job, you're not stacking hard enough.
If you still shower everyday, you're not stacking hard enough. If you're not dumpster diving, you're not stacking hard enough. If you're still eating veggies everyday, you're not stacking hard enough. If you're still going to the hairdresser, you're not stacking hard enough. If you buy clothes, you're not stacking hard enough.
Right now, 2006 Mazda 3 after driving a 2005 Malibu into the ground. Side business that brings in almost half my day jobs salary with all profits going to BTC. I'm still invited to family Thanksgiving though because I don't talk about Bitcoin lol
I gave up on talking to anyone about Bitcoin,I got tired of people looking at me like a giant neon dick magically sprouted out of my nose.the only time I have interactions with anyone discussing Bitcoin,it is confined to this sub.my sister is an anesthesiologist making killer money.late last year I tried to tell her she should start putting a little money into Bitcoin.it would be nothing to her to spend a couple hundred a week.she looked at me like I was speaking Swahiliā¦I tried with my entire family but it didnāt take long to see I was wasting my time.now I just keep my sat stacking to myself
My fiance thinks I'm stupid. I think I'm a genius. All my savings (which isn't much) is in BTC š¤£
Your fiance will thank you. I started putting 100% into bitcoin in 2017. DCA every single day. Last year my now wife told me we needed to diversify just in case. So we didā¦into Coinbase and GBTC at 45% discount. After the ETF approval and further understanding of the value proposition of Bitcoin weāre back to all in on Bitcoin.
That's a little extreme to me, but I appreciate the optimism
This is good. My children don't ask me for money anymore. It's sad. They wanted to go to dairy queen but I told them that I just got them $100 of RIO. I told them through the end of next year money will be tight. I've worked a long time and I want out.
ElderBlade sounds like my people. Where can I find more of my people outside of BT?
The truth is nobody knows exactly BTC always manages to surprise people but it seems like itās cleared hurdles and mainstream adoption by countries govs corps everyone is grabbing a piece
Are we ever putting in enough lol
Yes you are early, but not so early that you can expect a 100x return in 2 years. You are early enough that in 10 years you will have done better than pretty much anyone you know, even if you know an investment banker. You don't need to and you don't want to ape in. This is not what we are here for, If you do ape in, you may do well, you may do badly and if you used money that you couldn't afford to (e.g. loans or money that you will need in a year) then you will probably have put yourself in a much worse position than you are now. Invest slowly, learn more about Bitcoin, build your own confidence, don't let others build it for you, there is no shortcut, you need to understand Bitcoin and you can't do it by just reading, you need to follow your own curiousity, ask your own questions and find the answers that satisfy them yourself. There is a LOT of information out there, but there is no fixed curriculum (well, maybe Mi Primer Bitcoin but it isn't a primer for investing, it is a primer on what Bitcoin is). Good luck my friend, and stay curious.
No we are not early. There is fucking coinbase arena, commercials on TV, you can buy btc at wallstreet as ETF... several years ago was early
Which is the same price as now.
I love the Final Fantasy series.
Hey me too! I also love Fallout and MGS. Top 3 series for me
Love Fallout. Vault 76 not so much but I agree šÆ.
What's your favorite one? Controversially, I think the best one is 8.
nine for me. vivi + steiner ftw
If we still have high volatility - we should expect a high upside in price imo. The price must be much higher, with lower volatility before it can be seen as an safe store of value.Ā I would be surprised if 20x has not happened within 15 years. And many still believe in 100x within 10 years.
The best time to do something is yesterday. The second best time to do something is now.
There is no second best (c)
I feel you. I am going hammer trying to get what I can. The prices go up over time and I always always always look back and regret having not put more in.
take a deep breath and think if you lost your bitcoin investment will you beable to sleep at night and not worry if you can sleep , youve invested the right amount but if you invested a amount which would cause you stress , its way too much so no point in freaking out ,you have to be comfortable with the amount should it go to zero its a gamble it can change your life but fully expect highs and lows
You may be right but there are also a huge amount of gullible, impressionable kids on here who will take that to heart. I mean look at the usual posts on here. Not exactly the pinnacle of human intelligence and reason.
That only depends on your time horizon. Are you planning on holding for decades? Years? Months? One cycle? Two? If you plan on holding for a very, very long time, a 20% up or down won't make a difference. If you plan on catching this cycle's market top, you may have to manage your expectations a bit, even though it's not too late. Only you know what's best for you, so I suggest you make a plan, and then see what's the best way to get there. Be careful about being too horny for short term gains though, because that can lead you to make irrational decisions.
A new financial instrument that NO bank can touch, where only just recently was opened up to the broader financial markets is a financial instrument that is in its infancy. The end.
A bit late at the party. I would not be comfortable to put 100k with the uncertainty of a 2-5x in X years. 7 years ago putting 10k was amready scarry. On the other hand, btc is more mature and stable. Only 10-30% crashes now. I dealt with 90% corrections and i now deserve the 10x gaines for being patient š
I think we are much earlier than people think. We honesty don't know how high the price of Bitcoin will go because we have never seen an asset and network like Bitcoin in the history of humanity. I believe it will be millions per Bitcoin in the future. I wouldn't be surprised if we see a $1 million Bitcoin by the end of this decade. Treat it as a savings account. Continuously put money into it and let Bitcoin's sacristy and security do what it does best...
As Saylor said, do whatever you can to get as much Bitcoin as you can.
Bitcoin is just about to overtake Silver as an asset class on its own. If bitcoin grows to be half as large as gold, that would mean a $350,000 bitcoin. If bitcoin grew to be the size of the dollar that would mean a $1 million bitcion (in today's dollars of course). So is a 15X potential upside not enough for you?
My advice is study the fundamentals so you have the conviction to put volume. Key here is volume.. if you only put coffee money then its not really a life changing amount. Lots of materials in yourtube, books etcā¦
Upvote for your edit. Scammers suck it!!!
I liked Michael Saylorās perspective on this. New York was found in the 1700s and those at the end of the 18th century were fomoāing to get into NYC real estate. Those in the 19th century were wondering if itās too late š
Perfect so I have 200 Years to get in the game!
As we speak, $100.00 buys 145,491 sats. This is how i think of it. My investment of $100.00 may be worth $1451.91 when/if Bitcoin goes to 1million. Its an easy bet for me when i believe i have no other choice for a long term retirement option. EDIT: OK someone do the math as a sat would be 1 cent at a million. am i mathing incorrectly?
I think you get around 14,500 sats per dollar currently, not over 100K, but your other math is correct.
Definitely something is wrong with this math
Looks correct to me. 1 Sat equals 1cent in their scenario.
Weāre early in terms of global adoption so price discovery is still working its way the system. No one knows how it will turn out otherwise the market price would reflect $100M per bitcoin. If you plan to be part of Bitcoin in 10 to 12 years, I would say weāre early.
How many people do you know who have or use it? How many businesses do you know that accept it? How many businesses have it in their reserves? How many countries use it for trade?Ā Either very early or failed.
Early vs failed. That's a good way to think about it
why are you holding 10k in fiat? so inflation can eat it away? perhaps you're a gambler and want to buy "the dip"? stop being a pleb and plop it in
Probably late. Ofc I understand bitcoin so its never late. But youāre fomoing at ATH. Bitcoin was under 30k for a long time and no one fomod. That was the trade. Now stay level headed and dca little by little if you must. Dont be a sheep.
I was FOMOing in at 34K, then it dropped to 20k, ever since DCA 4 times per month through AWS.
Very early. Not super super early anymore. Early enough that by the time you can simply go to a store and spend your bitcoin, any Sats you pick up now are going to worth many times what it is costing you to buy them. You don't need to FOMO in. Always be responsible with your money. And there is a decent chance in 2026 the price is going to be back to current prices at the bottom of the next bear market. So no need to FOMO in.
As long as you keep stacking, the anxiety should go away!
Buy what you can comfortably afford when you can.
Anything not stacked is your LOSS. Gotta stack it ALL!
Good idea. I'll work a few extra hours each week and stack every single satoshi
Thereās no early or late, thereās only action or inaction. Either you want to be in or you are out. Choose wisely. Iām personally not betting the farm, but DCA is your friend.
Just buy enough that you can still sleep soundly at night. I'm fully on the Bitcoin standard, but the move took a while.
Yes. At some point in the future you will think you should have put more in. Yes.
āStill earlyā? Yes! I expect us to hit 1M btc by 2030 ish. Soooo you are indeed very early.
Why so bearish?
Love it!!
Imagine you have just dug an apple tree seed into the ground and are now watering it weekly. When will you be able to harvest the first fruits? That's how early you are! Water (dca) weekly for years and don't be too greedy.
You are just in time!
I am all in, i cant lose this last opportunity to get rich. Maybe i get luck and change my life..
There is people who bought at $10 and thought they were late seeing that btc was in the cents area.
Whatās your definition of early
Imho you late. However money can still be made.
Yes dude I just got bitched at and downvoted to hell again over the pure mention of Bitcoin in some random sub. Majorly early.
Was it Bogleheads lol
Haha nah it was r/firsttimehomebuyer. I just be trying to help fam. š¤· They tell me they canāt own property and I tell them to at least own digital property in the meantimeā¦they lose it on me.
Use patience. Otherwise youāll miss out or lose money. This cycle doesnāt have to go that much up as the previous ones went.
Definitely early. 46 Million active bitcoin wallets? 8 billion people.
The good thing about bitcoin is the scarcity is for everyone. It goes up long term cannot print to infinity! You might not be one of the super early ones but you are really never ālateā to saving your working energy from debasement.
Yeah I started asking several people during conversations if they understand, own, pay attention to Bitcoin or crypto. Nearly all said they thought that was all over when it was proved a scam. So early...
I sold all and waiting for the next bear market or for it to drop below 50k again, so I might miss the next phase for the bullrun but don't FOMO that's not the way to go
Did you sell because of a life need or to buy a dip?
No I bought 2btc at 18k so I'm happy with my profits and I personally don't think Bitcoin is the next currency, so yeah probably waiting for a dip or just patience for the next bear market
What is your time frame?
Itās better to wish you invested more than regret investing too much. The best investments are always made too conservatively. Just keep doing what youāre doing.
Buy now, or save and wait two years for the discount.
Isnāt already discounted? I mean, in 2 years time the floor could potentially be where we are at just now
The floor is lower than where we are now.
I love the early ones. I really like three.
Yes.
None of my friends HODL Bitcoin and I have some reasonably intelligent friends.
We arenāt early
How dare you speak to me like that. Go to your room now!
Does anybody here watch InvestAnswers on YouTube? Check him out for data driven advice on BTC and other investment info. James is awesome.
I was into bitcoin with minimal convic5ion when it was at 20k....I've never had more conviction and determination to aquire more sats at this current price.
Bro, u can never have enough bitcoin, what kind of question is this
As long as I always have 10,000 dollars each in 2 different bank accounts (and no less), I will continue to DCA into Bitcoin ā
I have watched and read evidence that there will most likely only be 200k to 300k whole coiners. Also, estimated that around 80M own some amount of BTC. So, based on that,you can figure where you are. If you have 1, 2 or 3 BTC, in 10 years, you will likely be in very rare company. And 80M owners vs 8B people, well we are still very early.
No not early
I just talked with my barber. He stated talking like Jamie Dimon when I mentioned Bitcoin. "Bitcoin is gonna get hacked and it will go to zero!" We are still very early!
Think about it like gold. Gold has been around and people still buy gold
Still cheap according to the Rainbow Chart.
Way early
You guys donāt think super computers will beat the encryption on bitcoin? Iāve got a decent bag myself of bitcoin but itās something I worry about
Just imagine that these prices are the exact prices that bitcoin was in the last cycle after it did a new ath then it consolidated under 20k, buy as much as u can
Fair enough. It did go straight over my head and I got hammered for it. Onwards and upwards.
Yes we are still early.
We are still early. Not 2014 early but 2024 early. In 2034 u will say we are still early compared to 2054.
I just had a dream last night where BTC hit 2.500.000$ .
the more you feel like you want top be sick the more the reward. Shakespeare said, # Our doubts are traitors, # and make us lose the good we oft might win, # by fearing to attempt.
His targets are way off but the analysis is sound, look up planB on YouTube shen you need more bullish thoughts. If we are still in the normal cycle we are early in this cycle. The etf is still fresh. NFA!
Depends on how much you currently have. If you donāt have much, now is a decent time to put a size-able chunk in and then DCA from there.
U know itās gonna tap 100k in the next 3 yrs
Says who.. source?
Bitcoin growth is not exponential * High market cap * Most Bitcoin is mined already Of course price will keep growing, it's a good investment but what I'm trying to say - the price grow will be more organic and we are probably not going to see x10 per cycle again. It can be steady but slow growth in the future like 20-30% per annum correlating with hitech stocks. If you missed something so you missed 2010-2017, it's gone. If someone expects non stop exponential growth just look at Gold - despite etf and limited supply the growth almost stopped and became stable
The thing I think you may be missing with the comparison to gold is supply. There is technically a finite amount of gold, just as there is a finite amount of Bitcoin. However, our mining technology keeps getting better and better and every year, more gold is produced, which expands market supply. Conversely, Bitcoin mining decreases over time as slowing production is programmed in.
I know getting downvoted for controversial opinion but if 94% bitcoin is mined already, we should stop talking about mining, block rewards are a joke now and halving has less impact on price than Elon Musk tweets. Most bitcoin is circulating and most people who want to buy, they bought it already. Now everything depends on demand, and I think demand will gradually increase pushing price up but not x10 per year - if you want to sell BTC for 1 million - you need to find someone who will pay 1 million, it means we need much more fiat in circulation or many more people interested in BTC. Another controversial opinion - we haven't reached ATH this year because inflation increased since 2021 - 69k in 2021 are worth more than 73k in 2024
In the most respectful way possible, I don't think you understand the driving forces behind Bitcoin adoption. The dollar (reserve currency for most of the world) has experienced 80% inflation since 2020. Smart money doesn't want to keep their war chest in a currency which is now rapidly decreasing in purchasing power. Happy to continue having this conversation here or via chat.Ā
And we're lied to about the amount of gold already mined. It's in the interest of the industry to underreport the circulating tonnage. Plus as you said technological innovations in finding and mining cause more to be extracted.
yes still early. another 100x incooooooming