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UPDATE: BITCOIN DCA JOURNEY
It has now been nine months since I've last updated our progress on my personal daily Bitcoin buys. We are approaching the 8 year anniversary of consistently buying Bitcoin every single day, at the same exact time, regardless of the price it trades at. This journey has been met with blood, sweat, and literal tears in certain parts of my life. However, I couldn't be more proud of the progress I am here to share with you today. When a market is not optimistic like it has been, it can be extremely difficult to stand in the face of fears, uncertainty, and doubt. It seems like a never ending money trench that shows no signs of improvement, and it can weigh on you mentally and physically. I've been through the ringer more than anyone, I have seen every pitfall from Quadriga, Covid, all the way to FTX (aside from MT GOX). More black swans than you can possibly imagine. Many times I was tested on my own due diligence and conviction. Regardless, I kept moving forward with what I believed to be a mathematical certainty.
I sacrificed going out with my friends to allocate to this belief. I stayed home. I didn't buy a new car. I didn't buy fancy things. I kept it minimal. I budgeted harder than most would at a young age of 22 years old, worked long hours at shitty jobs for 14-16 hour shifts in the beginning. I gave it my all because I finally found something I could believe in. Was it easy? No, it really wasn't. There are many days where all I heard was white noise in my ears, ringing constantly, wondering if I made the right decision. Today, I am able to say that I made the right decision. It took years before this really started to show me I was on to something great. Throughout this entire time, I was told my buys were inefficient, my strategy was not effective, and that I would eventually sell at a loss. Today, we sit in a position that most people and traditional investors would be dumbfounded by. I went against banks, financial advisors, risk management professionals, and so many more people we call 'experts'. I'm here to tell you today, that they were wrong.
The truth is, Bitcoin is not a risk, it is a matter of understanding. The more you learn about it, the more obvious it becomes. In the first four years, this wasn't so clear to anyone. Today, it is recognized by every major corporation, nation, and hedge fund manager. It is officially something to be taken seriously. You do not understand how hard it is to go against all of these factors. But one thing I trust more than anything is my own ability to make decisions that are right for me, and my situation. Given the circumstances, this is what I was able to do. Today, my financial situation is much different than when I started out. That is only because of my ever growing passion and fascination with the space we've been given. In the beginning, it was scraping every nickel and dime to get by and make it work.
All this to say, here is my progress after nearly 8 years of buying Bitcoin every day, every twelve hours, 15$ at a time. Most of you won't see this as impressive, but it changed my life. Finances were never something my family was strong in. We lived in debt, and my parents were tormented by money every waking day of their lives. I knew something had to change. That's where I followed this plan. While 775K USD is nothing to some, to others, it can be what separates them from a life of hell and a life they can be proud of. This allocation has opened the doors to tons of new opportunities, and provided me with security to take bigger, more appealing risks in my life.
Here is me celebrating every buy I've ever made being in profit. In hopes of inspiring some of you out there.
Cheers.
rego •@regothetrader
how it started, and how its going the daily dollar cost average btc strategy. 30$ a day, 210$ a week wealth is built slowly, and this is the fastest retirement account you could ever ask for while being realistic almost 8 years in the making, and i never had to sweat once.
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