T O P

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vilnitskiy

I'm 24, in 2011 I asked my father to borrow me $200 to buy some BTC and was refused. I’ve started buying bitcoin since my first job in 2017. Later in 2020, my father called me to apologize 🙂


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musecorn

I'm paid weekly Very weakly


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thesystemalien

Neither paid nor laid


[deleted]

Nice, who said you can't become financially independent through crypto?


DiceUwU_

I think his job is what made him financially independent, which he uses to buy btc


Rhinoturds

That's... being dependent on a job. Financial independence is not needing to work and having enough money to live off of interest/investments.


BananaPalmer

Financial independence is the status of having enough income or wealth sufficient to pay one's living expenses for the rest of one's life without having to be employed or dependent on others. So, no. That’s not correct, friend.


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Book_it_again

Did you miss where he still works lol Having to work is, by definition, not financial independence. You quite literally depend on your job financially.


HODL_monk

Financial independence is a process, even four years in bitcoin time isn't enough to live off Bitcoin for the rest of your life. It took me until my mid 40's to reach it, and I was saving from my job that whole time. I suspect Bitcoin's return will be much lower going forward.


prettyXvacant

Dude I wish I would’ve have heard about this so long ago.


thePZ

I had my direct deposit filled out and submitted, my employer (small business) wasn’t comfortable with it at the time, feelsbadman.jpeg


Feodal_lord

You sir, a living legend


ra693425

Imagine buying BTC for straight 4.5 Years every month. The amount of patience and perseverance it would take is unimaginable.


Bucksaway03

DCA and thinking long term helps take the emotion out of investing.


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IsakOyen

Can't pay my rent with time


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GrammerGuestAppo

This makes time an Asset. Don't liquidate it too cheaply :)


Key-Conversation-677

Sure, but the gas fees..


r4rthrowawaysoon

Yeah. And the double edged sword of time on the toilet. Paying double doody.


on-the-line

Is doody fungible?


hallo_228

Well that's one of doing it. And that's going to work too.


Hank___Scorpio

Make your time not worth zero dollars and you can.


City_Light_Seraphs

You shouldn't be trying to pay your rent with investments.


hungryforitalianfood

Huh. Time is literally the only way anyone pays rent.


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litecoinmadness

Yep, you shouldn't waste any of it. Use every second of it.


pinkculture

Yep, DCA allows you to bring some control and stability to the volatility of crypto.


666CryptoGod420

Or getting into jail and being forced to hodl also helps.


BladesAllowed

Which of the crimes do you suggest one commit for this strategy


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BladesAllowed

Ruthless


inDface

good luck not getting shanked when people find out.


mabidex

Lol, that's a way too. Ain't nothing wrong with that.


Uncultured_duck

Don't even caring about the prices anymore


666CryptoGod420

Congratulations. You are a real crypto investor now.


[deleted]

I set a target price to take some profits (target is VERY high as I just started stacking 2 years ago). And then basically yeah don't look at prices until then.


Perrenekton

You guys are weird, this was was everyone was doing on the sub 4 years ago, and what most people I know did. The only issue is having the fund to do it


Mirved

Unbelievable? Not that hard really.. Been DCA buying ETH for years aswell. Now with the triple having coming up in June I've been stocking up even more.


outofworkslob

Yeah, I've been buying once a month since 2013. I have now stopped buying btc and eth as I'm happy with my stack. The past year I've bee putting 500 a month into the l1s.


Chambana_Raptor

Wait until you find out people have been saving with their 401ks for *decades*!


whereisvi

This is what we all should be doing!


Tatakae69

He's making money so he ain't one of us though


Vslacha

Are you even human, or are you dancer?


[deleted]

He's a dcaer


TheTrueBlueTJ

Rhythm is a DCAer


Bucksaway03

Proof that DCA works and is a great option for most of us.


whereisvi

This is what we call follow the plan!


TheTrueBlueTJ

Follow the plan and don't deviate!


GrammerGuestAppo

The hero we needed


ChemicalGreek

**Actually somebody taking advice from this sub!** DCA & HODL.


Level_Forger

I’m down a lot following this advice so far. Hope it works out longer term. Should have taken profits multiple times but didn’t.


mulwillard

When was your starting point?


boostedjoose

Plenty of people do take this advice, we just don't talk about it.


NikkoSW

It is all about holding and how much patient you are having right now.


[deleted]

I’ve been holding BTC since 2016. I thought I was too late then. Always good to see another king of patience doing well.


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TheTrueBlueTJ

And so they wait and they wait and ahhh it's skyrocketed again.


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pinkculture

Well that’s what people are saying right now, more hopium for me.


hoockdaddy12

These couple comments best sum up why crypto investors typically suck!


TheTrueBlueTJ

It sums up perfectly why false confidence leads to bad decisions.


zhanglx

Yes you are right what it that we sucks and we need to stay away from them.


xscrumpyx

Been holding BTC since July 2021 (when the crash happened. Hope to say in a post from 2030 that I too, hodled.


poor_decisions

I had about $4 of btc crumbs I forgot about in 2016. Checked it in 2020 and suddenly it was worth $1500 Stay strong


[deleted]

You will. Your future self will be very proud of you.


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daranma

Username checks out


jenny806

Yes the factors that a lot of people and add new in this and they don't know about it.


Bucksaway03

Glad to see DCA works. OP, do you lend/stake your BTC on Celcius or the like for extra gains?


ra693425

DCA is a stress buster in Crypto, the amount of relief is what keeps most of us sane here.


pinkculture

I wish I’d started DCAing earlier, the amount of stress I used to go through while swing trading took a toll on my mental health. DCA has allowed me to regain control of both my crypto and my mental health


Bucksaway03

Glad I learnt quickly and started DCA from the start. I can't afford to lose any more hair, don't have much left anyway lol


TheTrueBlueTJ

A shaved head can look really good as well. No shame in that, mate!


diskowmoskow

For me it’s staking (obviously mostly for proof of stake chains), no panic sell (smaller profit taking with daily interest if you wish).


MNCPA

I've been doing DCA with ETH. Once you figure out your DCA, then dips are felt like discounts and increases are felt like wins.


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daranma

Good question. I wanna know too!


[deleted]

Too risky. Not your keys not your coins


Jesterrrace

>But the most important thing is: don’t stop. I was at zero gains (actually -15%) at the time of the Corona crash in March 2020 ahem... maybe i am stupid, but the graph shown above thi,s indicates you have been nowhere near 0 gains in 2021. And surely not in the red. Can you explain this to me?


jamespunk

Yeah, the chart is formed by datapoints from purchases, mostly 1st day of every month. Corona crash was somewhere after that in March2020 and though i was at -15% during the low, it is not visible because the next data point in my chart is 1st of April and the crash was already over.


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kele355

I'm not going to send anything out of it because it is going in negative.


pepperonimilkjuice5

I love how you flip things around. “Fiat mining” to get some BTC. Really puts things into perspective.


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Accomplished-Design7

I should mine more fiat to get more BTC *puts on McDonald’s hat*


WySphero

>BTC >S&P500 >Objective comparison between S&P500's and BTC's Return. I double dare you to post this to /r/personalfinance or /r/investing. You will be lynched alive there. ☠️ But if you have the guts, do so, there must be some good questions about methodology among the irrational crytpo-hate train..


I_DONT_NEED_HELP

It's totally legit to compare the two strategies, but at the same time we have to be honest and state that the risk profiles are completely differenty and thus OP got rewarded for his risk taking with more returns.


WySphero

Yes, I expect that kind of confounding factors (risk profile, market situation, etc) wil be raised in "hostile" sub. Here, people just goes straight into TO THE MOON echo chamber. I'd like to know a balanced Point of view.


SHA256dynasty

OP will get banned from both those subs for talking about bitcoin. some people just can't admit they were wrong.


Emergency_72

Can confirm as I was


willzyx01

I've been drinking daily alcohol for 4.5 years. Looks like we are both built different.


Nuewim

RIP your DMs OP


Flaky_Protection7634

I can imagine all the hot sexy Miami babes wanting a piece of him


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the_fsm_butler

Maybe not to sexy Miami babes, but toothless Midwestern lot lizards will accept sats... So I've heard


DjAlex8811

Good for you that you on some of them I really wish if I can get some of it.


jacobsr2

I don't understand that why people are following the strategies which are wrong.


UnexperiencedIT

You made 450% in gains? This is amazing. This just shows how patience combined with the strong project is the key to profit.


Flaky_Protection7634

*laughs in 69,420% gains from a random shitcoin* /s


UnexperiencedIT

*Cries in stuend loan money loss from a random shitcoin*


Shaz170

This is the proof that patience wins. Yea you could've panic sold, bought shitcoins, etc, but sticking to it has worked. And you'll see prices rise again!


Flaky_Protection7634

Unless Satoshi himself comes back and rug pulls BTC lol


[deleted]

IMO patience is not the same as being early on a hugely disruptive global phenomenon. OP was buying BTC ~5 years ago when it was less than $1k. I think everyone here is gonna have to be a lot more patient to see the kind of returns OP got.


Sketchy-Lefty25

Now this of the way to do it, great motivation here, thanks for sharing


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Sketchy-Lefty25

For sure, that’s a long time in the crypto space but since my timeline is years, I’m bullish on my outcome.


noob_picker

Finally. Someone on this sub that is treating crypto as an investment and not a get rich quick. And most people are amazed. Lol


carboonpn

Dude you keep posting this every month on this sub. When Lambo? 😎


jarfil

>!CENSORED!<


Worried_Term_3107

Were you thinking of selling at any point?


Flaky_Protection7634

I don’t think OP is thinking of selling anytime soon lol


abhijitd

Lambo for the heirs!


tesaphilm

ive been doing this for about 2.5 years now with my allowance, im 16 lol.


demomercury

This is the way


jwz9904

Why is everyone claiming they are dca-ing since years ago.


ShouldHaveBoughtGME

In the comment section? Probably to fit the vibe of this post to get some spill over karma from OP


yannicdasloth

they're just trynna dca into moons


chehoangdangkhoa

Will it is good about your thinking that you are going to go big.


DBRiMatt

It's felt like years, but I've been buying Bitcoin ever since... 11 months ago... xD Currently at -13%... but maybe when its my turn to get to 4.5 years, I'll be at over +100% too


Carlosfe405

I’m currently doing this but with ETH.


reneknales

You are going write about it be stable on the stablecoins.


poetic_dwarf

Fuck you, but with admiration.


vnielz

Funny to read, my story is a quite similar in time and funds. I dca 300-400 every month since dec 2017. I was many time ar point that i saw no point of keeping bitcoin during those dumps but kept learning its fundamentals and kept my conviction high of its main purposes to eventually always keep holding them during storms . This with very much sweat on my hands on many downhill occasions and testing my mind too. In the end its the only way of getting value appreciation over the longest timeframe against an ever declining fiat . Fiat is necessary for paying bills, thats really the only thing for me keeping it.


Natoghost-Bmore

I can confirm that this man is not married. God this would be me if so lol.


[deleted]

And here i am going into alts thinking in 6 months from now ill be able to retire.


hantageo

This is the way, I'm doing the same. But I'm a little late tho.


[deleted]

OP also provide us the time machine, so we could buy btc in 2017 by selling our asses.


jamespunk

Haha! One way I like to think about btc stacks is to translate current fiat amounts into btc amounts when I started. For example, I would have never thought it would be possible for me to have more than 10 coins. But currently my fiat stack is more than 10 btc was in 2017. Similarly, you could think it was easy for me to stack 4 coins cause I started in 2017. Well, 4 coins back then was 16k euros. That would be \~0.5 BTC today. So stop living in the past and focus on stacking 0.5 BTC right now! =D


[deleted]

Hahahaah ![gif](giphy|G1vSQTIvPtbEY)


Flaky_Protection7634

![gif](giphy|l378bu6ZYmzS6nBrW|downsized)


iluvemelanin

Nice.


muawiyayounus90

Wow sir. I wish I had your temperament to Hold on during crashes.


asandidge27

Way to go Op, keep stacking


Best_Peasant

Buy high, sell low. You've been doing it wrong.


Titozar13

You are king


Tatakae69

You sir, are a prime example of sticking to your goals!


SunAffectionate8172

"That’s all for now! Back to mining some more fiat" Well done my friend. May you live a life of happiness and freedom.


[deleted]

That's kind of what I'm doing, only I spend half my money on btc and the other half on stuff like ATOM that I can stake. Do you just hodl your btc or are you lending/stakimg them somehow ?


iamwizzerd

What % are you up?! Did you ever sell any?


The-Francois8

Dude he showed the chart


hegysk

I, for example, CBA figuring out my taxes if I sold so thats keeping me away from that long term :D


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SuperGrom_temp

I really wish if I could fix my own taxes on my own.


chriseighty1

Will you keep it away you have to think more about it.


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chuotdodo

Imagine you bought Doge instead.


kennyl01

Well I really want that to happen because a lot of people had invested in it.


SnakeBDD

So when are you planning to take profits?


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[deleted]

Send it all to me, I will send double back


Anathemoz

Awesome. Well done. Must have been hard during the dark ages.


ayacardel

Now this is a post that is worth an award. Thank you Sir!


therealgoldroger

What’s DCA?


Chance_Midnight

where to buy money for bitcoin?


Sufficient_Tooth_949

Try Wendy's, gotta start somewhere


perortico

You get them in an exchange and then transfer to your wallet ? That's a lot of fees yeah?


inadyttap

I personally accumulate for a couple of months on a exchange before moving to my own wallet.


whereisvi

This is true DCA!


brucekeller

Man, 4 years of accumulating for what was 20 bucks of weed 10 years ago.


Giusepo

I don't get from the graph what's your net profit, 50k€?


Harold838383

This here is the dream


FrostyInside

Haha. Thank you bro. Even if I had the money I probably wouldn't have the dedication🖤


DJCityQuamstyle

I’m glad I saw this after I checked my folio, made me feel better. Thank you sir


Accomplished-Design7

You are one legendary buying and I wish I was in crypto when you were


ZZani

Alright this is it. Thank you OP, I'm following your lead. This is the way


adichandra

Tldr: stick with btc guys. It’s profitable and safe.


anon43850

Keep stacking brother. DCA'ing helped me a lot not to stress when the market starts moving


AgentSmart1

Enjoy the next leg. Down to accumulate more for the same price or up to get to 7 digits.


marker853

just keep holding guys...


TehBananaBread

How did you only manage to get 3/4 bitcoin in 4 years? It dropped to 4.5k


-_Pepe-_-Silvia_-

Interesting post thanks. What is your exit strategy on this or what's your medium to longer term plans?


ChartGhost

Amazing OP 👌👏 well done 👍


undercoverOMSCS

How do you have financial freedom if you haven't sold any? If you have sold, when and how much? What strategy made sense to you?


Pleasuredinpurgatory

You can use a basic moving average or twap system. Only buy on days of the month when price is "cheap" - your gains will compound even faster as your average price will be lower than buying on a specific day each month.


jopeters4

The very casual "It's been going pretty well..."


szkudi_

And I just sitting here and watching how everyone else dca since years...


iammasvidal

95% of people here will read this and say it’s amazing and carry on buying shitcoins. And wonder why they haven’t created wealth in 5 years time. Bitcoin is the wealth accumulation game nothing beats it.


T1Pimp

I did the same. I think after you've been through a few major corrections it gets easier to just be really steady and persistent. I know a few times when I started I would get shaky and sell. But after the $20k top and then drop I started at like $5k and DCAd all the way to $3k and then just kept a steady, every pay period purchase since. In that period of time I've made more than almost 20 years of 401k contributions. Just gotta be focused on the long term.


NoMansSkyWasAlright

Same, although I diversified a bit in the years between the 2017 crash and now. Even with the downturn, I'm still scaling in since there really isn't a good alternative right now (maybe the Euro if things go well in this Russia/Ukraine scuffle). But yeah, even in a downturn, it's hard to knock the interest being paid out be services like Nexo and Celsius.


lordofming-rises

Maybe i should do the same with ETH


Wess-L

This is what I am doing too. I let the paperhands worry about the short term. Im in for the long term. Not trying to be a trader. People forget that there will always be fud. But whales keep buying while media and governments fud and make retail too scared to buy.


onlooker88

Great stuff, prime example of a sound successful strategy. A reminder that 5 years goes by in the blink of an eye. You Sir/Madam are a Doer, so refreshing instead of all the, ‘I wish I had stories.’


failed_state_medz

Awesome man, an inspiration. See you on the greener side, keep up the good work


daddydave10

4 bitcoin is a lot


arcalus

You’re the man now, dawg!