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Achieving 1 BTC
I am on a plan trying to DCA into bitcoin and I'm relatively fortunate in that I'm able to DCA c.$1k a month into it. However, when I look at exactly how much BTC that buys, it is just over 0.01 per month meaning it would take around 7 years at current prices to obtain 1 full coin. Given prices are expected to increase into perpetuity, my buying power will erode. Unless I put loans into btc now it looks to be impossible to reach 1 btc in the next 10 years which is my retirement goal. Is there a model anywhere which uses trend analysis and shows how much you would need to DCA to achieve a certain goal? submitted by /u/True-Rule-7409 [link] [comments]
I am on a plan trying to DCA into bitcoin and I'm relatively fortunate in that I'm able to DCA c.$1k a month into it. However, when I look at exactly how much BTC that buys, it is just over 0.01 per month meaning it would take around 7 years at current prices to obtain 1 full coin. Given prices are expected to increase into perpetuity, my buying power will erode. Unless I put loans into btc now it looks to be impossible to reach 1 btc in the next 10 years which is my retirement goal.
Is there a model anywhere which uses trend analysis and shows how much you would need to DCA to achieve a certain goal?
[link] [comments]
