MultiversX Tracker is Live!

Finally reached 1BTC. Here's what worked for me.

Bitcoin Reddit

More / Bitcoin Reddit 10 Views

After a few years of regular, recurring purchases, I now have over 1BTC. I didn't do anything special, but I want to share what worked for me, in the hopes inspiring or helping others.

  1. Changed my living arrangement, decided against purchasing a new car, limited my dining out, cut back on expensive vacations (in favor of camping and budget-friendly road trips), etc. This freed up a certain amount of money each month that I set as a recurring BTC order.

  2. I set up a second checking account (separate from my primary personal checking) for that previously mentioned amount to be directly deposited into by my employer and for use with purchasing the BTC via the monthly auto-order. Doing this made it so that I wouldn't see the money going out as I used my regular check card and wouldn't be so easily tempted to use the money for other things.

  3. I tuned out daily news about the crypto market. This obviously may not be a preferred approach for some people, but for me it just helped lower my stress and removed temptations to ever panic sell or feel regrets about not "timing the market" right.

  4. Every so often I took my BTC off the exchange and put it into cold storage. Since I am a long-term holder, I feel more comfortable with self-custody. But again this would be a personal choice.

  5. I understood at the start that the market would go up and down, and that I shouldn't worry about buying or selling at exactly the right time, since it would be hard to predict. What mattered to me was that I was heading in the right direction (i.e., accumulating BTC gradually). It was a comfort knowing that each month my BTC was going up, even if I wasn't following exactly how much my total was going up by. Just knowing it was going up was enough.

Obviously none of this is groundbreaking advice, but I feel like the simple stuff is what works. I want to let everyone reading know that they can achieve the same. Don't worry about comparing yourself and your totals to others. Getting .1 BTC is great. So is .25 BTC and so on. As long as you're heading in the right direction, you're golden. Have a long-term perspective and don't stress too much about daily blips. Good luck, everyone!

submitted by /u/Caterpillar100
[link] [comments]
Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
πŸ’° Install these recommended apps:
πŸ’² SocialGood - 100% Crypto Back on Everyday Shopping
πŸ’² xPortal - The DeFi For The Next Billion
πŸ’² CryptoTab Browser - Lightweight, fast, and ready to mine!
πŸ’° Register on these recommended exchanges:
🟑 Binance🟑 Bitfinex🟑 Bitmart🟑 Bittrex🟑 Bitget
🟑 CoinEx🟑 Crypto.com🟑 Gate.io🟑 Huobi🟑 Kucoin.



Comments