Topic: Suggest Practical Ways Someone Could Own One Bitcoin Starting from Zero in 2024 (Read 371 times)

Don't be too obsessed with owning bitcoin because that will definitely happen in time if you have the courage and discipline to make it happen. First, make sure you have a consistent source of income so that you can also accumulate bitcoin at a regular basis. Just buy at any amount, the important thing you are accumulating bitcoin every now and then. Believe me, you will be surprised in the end that you already gained a good amount of bitcoin in your portfolio, as long as you didn't stop buying and hodling bitcoin at a regular basis. I think that's the most important there, consistency and sustainability.

I think that's a pretty useful statement and I highly agree with you. Bitcoin will once again lose a lot of its value in the bear run and that's going to be the perfect time for the ones who want to invest in it, but unfortunately people think differently, they buy an asset when its at its peak and sell it when it starts losing value.

Similarly, Bitcoin investors get interested when they see Bitcoin's value going upward and when they hear about any sad news like that of Germany's Bitcoin selling or that of Mt. GOX crediting then they sell their holding much cheaper in fear that if they hold those then they may have more losses. That's why for such weak hands DCA+DIP buying works because they keep accumulating when others are selling for cheap.

I personally believe that one should try to buy Bitcoin when it's at its bottom or at least be positive that when Bitcoin reaches a new bottom value then again it will gain value in the bull run. Buy in bear market and sell at peak is often done by those with strong hands, for weak hands it's not possible to hold for such long term.

As 2-4 years is a lot of time for weak hands who monitor the market like owls in hope to gain fast profits. But, those who are into accumulating a Bitcoin for long-term holding should always buy it if they have money when Bitcoin is at its bottom values.

What is your job? How much do you earn from that job?
How much is your expenses? How much is left after you deduct that from your salary?
How much can you decrease your expenses and increase your income?

These are question that you need to answer yourself. For example if you are living hand to mouth and paycheck to paycheck then you're gonna have a hard time making any kind of investment let alone a $60k investment. But if you have a good salary and the cost of living is not that high in comparison you'll be able to meet that target a lot easier.

You see it is different from person to person.

Generally speaking everybody in this world has ways of decreasing their expenses. Like for example not wasting money on a bad behavior like smoking any longer. And they have ways of increasing their income. Like you could pick up more shifts, do some extra jobs on the side, etc.
The combination of these two will give you some extra cash that you can use however you like including buying bitcoin.

OP seems to agree with you, which means that he actually asked a stupid question, and all of us who gave him advice are even stupider because we wasted our time. Well, lesson learned, next time I'll just quote your answer to save everyone time.

I like your advice, we have to work hard to get what we target, in collecting bitcoin we have to have good finances, we can't just rely on the salary from our regular job to collect our bitcoin, take advantage of existing opportunities and take all the work what we can do to increase our opportunities and targets. having 1BTC is not impossible if we really work hard and are ambitious in collecting it. How fast and how long we can collect 1BTC depends on how much income we can collect,

No offence to them, but most of these responses are a waste of the OP's time.

If you want to own 1 Bitcoin, you have to grind. Grind really hard at your work and keep making money. If what you are working with does not pay you well then find some work online that pays better.

Spend as minimal as possible.

Find a high-value skill or problem that needs to be done and figure out how to do it.

Make a bunch of connections with other people in the crypto industry so that you know people who need some work done or want to offer something.

It's not a matter of getting a bitcoin in 2024, but getting a bitcoin at all.

Why does he only have 5 months left to collect bitcoins and what will happen after 5 months? I know you want to talk about bull season, but none of us know when bull season will come. There is no guarantee that the calendar will repeat itself and that bull season will come as we expect. Additionally, he also did not mention his intention to sell it during the upcoming bull run which he said he wants to hold until he owns full 1BTC. What he needs is to use the DCA strategy and depending on his income, and only invest what he can lose.
It's hard to give exact advice because he doesn't tell us about his income or how much he can buy bitcoins per month.

I'm sure the OP doesn't earn nearly as much (no underestimation), but even if he did, he would have living expenses and I wouldn't be able to invest everything in BTC. What I forgot to mention in the previous post is that this is a bit of a wrong time to think about this kind of business venture, because most of those people (and probably the OP as well) were aware that BTC existed 1-2 years ago, and then the whole BTC could be bought for even a little more than $15 000.

History has taught us (at least some of us) that the most profitable moment to invest is at the end of the four-year cycle when the price touches the absolute bottom, and probably the worst moment is after the halving. Of course, I am not referring to DCA here, because it is a method that can always be applied regardless of the price.

There are no fix numbers. Buy as much as you can afford. But always remember that what you can afford is that amount which won't give you sleepless nights in the event that the price nosedives. Furthermore, buy Bitcoin with your extra money. You can't just convert your Bitcoin to cash whenever you need some. That gives you losses. So, depending on how much you can afford, you may reach your one BTC target in months or years.

How do you stop yourself from selling? Aside from developing strong hands, focusing on long-term prospects, controlling your emotions, and the like, again, make sure you aren't using money intended for something else when buying Bitcoin.

The year 2024 has entered mid-July, meaning you still have about five and a half months to collect one Bitcoin. When you are financially ready, start immediately collecting as much Bitcoin as you can gradually. Every income you get from other work, always allocate some of it to buying Bitcoin, if you do this consistently, you can get one Bitcoin in the targeted time. Always prioritize the targets that you have set since you first started investing, avoid any moments that could shake your stance before achieving the targets that have been determined.

Yea . . . if Bitcoins price stayed static, but it doesnt!

If we put a timeframe of 6 months in order to achieve this goal and ask the question
where will Bitcoins price be then? Also just consider in the last 24 hours tha price has
increased by about $8k, so in 6 months Bitcoin could be anywhere between $70k
and $100k

The OP needs to ask himself/herself if they would be able to save $70k over
the course of lets say 6 months, are they able to keep up with the Bitcoin market?

If you earn $10k per month then you can buy one whole Bitcoin within 6 months if it's price remains at average of $60k but if it goes over $80k then you may need 8 months.

It depends on someone's earnings, if someone earns a lot of money or already have a lot of money then he/she can buy a Bitcoin within few hours.

The best way so far is to follow the DCA strategy if you don't earn $10k per month. Invest 10% to 30% of your income per month to Bitcoin accumulation and hold the accumulated Bitcoin.

If the market is going dip then it is better for you to adopt the patter of DCA to accumulate your bitcoin because you may experience an extended bear market for a while before it started pumping again, if not, try to buy at once when you realized we are already on dip and could no longer go more bearish than bullish move, all these could be easier to predict if you can speculate well on the market performance and chart.


Everything you will need to do here will require patience and time from you, i don't think with the kind of investment you're targeting, you don't have to rush on making an investment if the plan is long except if you're making a quick entry to seize the opportunity for the bear market.

One big way you could do so is by starting your journey in this forum itself. Now while some people may frown upon this method, given the fact that they see this forum as a sacred place of worship for bitcoin and not as a board of discussion where thoughts and ideas as well as opinions can be shared. But I digress. Grow your account up to at least Senior Member, and look for good paying campaigns in here that pay directly in bitcoin. It's gonna take you a long while before you could really own a whole bitcoin, but at the end of the day if you keep at it and you held your coins, you're going to somehow earn a whole bitcoin.

Another would be trading, and then converting your trade wins/profits into BTC. This is far more efficient in putting you at that 1 bitcoin goal but as you guessed it there are risks involved in this method. If you're not versed at trading in the first place this isn't for you, cause all that's gonna happen is you'll lose money with nothing to put into your bitcoin savings wallet.

Lastly, mining. I would highly suggest you get a second-hand ASIC miner as those are pretty efficient, and are way cheaper than buying an unopened untampered one from the get-go. Profitability is highly dependent on your end as this thing's gonna eat up at your electricity bill, so you gotta find that right balance.

These are just some of the methods you could do. There's a bunch more but honestly speaking, these are the most well-known and most efficient, which is why they are at the forefront of my suggestions.

First, how much is your weekly or monthly salary? knowing your monthly earning or your earnings per annum is what can be used to determine the length years it will take you to accumulate one Bitcoin. With the current price of Bitcoin at $62k+,  if you are earning about $2k per month and you are allocating $1500 into Bitcoin on a monthly basis, it will take you 3 and half year to be able to accumulate one Bitcoin and that if the price remain at $62k but you know its not possible. The price will definitely be volatile within those years.  If you want to accumulate one Bitcoin quickly, that means you need a job that is paying you a huge amount monthly (about $15k per month).

As far as I can see, you have a problem already at the start, because obviously at this moment you cannot control yourself, which would mean that even trying to achieve your goal will be unsuccessful. Therefore, I suggest that you first learn how to control yourself, and when it comes to self-control, you have countless tips online.

As for how to buy and how much, as far as I can see you are writing, and maybe you have some other skills that you can offer in exchange for BTC - if you also have a regular job, just set aside a certain amount from all this on a weekly or monthly basis and buy BTC. However, I would advise you not to set such a high goal to begin with - start with reaching 0.01 BTC, and then gradually increase it. That way, you have a much higher chance of reaching your goal one day.

We can’t say anything without knowing your personal financial situation and even if we do, it still wouldn’t be appropriate to say anything.

Only you can do the math and solve that problem.

Can you save any meaningful amount after you pay your bills?

Is owning one btc really that important to you?

If that one btc will be all of your savings, is it wise to tie everything you have in one asset?

I think you should have a diversified portfolio no matter how much your monthly income is. (Assuming that you are able to save some money every month) The amount of bitcoin you have usually doesn’t have much meaning anyway. It is the percentage of btc in your portfolio which is way more important and no, 100% isn’t the answer. (Not for me anyway)

Robbing a banks can a good option because you can get more than one Bitcoin in short time.

@OP need to be a biological woman or good looking man, if not @OP will not able to make a good amount of money.

If @OP is an unattractive guy, I don't think it's possible to own one Bitcoin in 2024 because he need grow his muscle and hoping there's a sugar daddy want to fuck him.

To have 1 BTC, you must have enough money to buy 1 BTC, it's simple. You can estimate your needed capital to achieve it. I say estimation because price of 1 bitcoin will change with time, it might be lower or higher than today price.

You can purchase 1 BTC today, with 1 buy order, if you have enough money. If you don't have enough money, you need to purchase bitcoin gradually with time. It's DCA, Dollar Cost Averaging.

You can do it on monthly base or quarterly base or yearly base. I would like to DCA on monthly basis because I can be more discipline with my saving and use part of it for DCA Bitcoin.

https://dcabtc.com/
https://costavg.com/

I do not really understand what you mean by practical ways to do this, the only way it exist to accumulate bitcoin is to save any money you can and then invest it, and how long this process will take will be entirely dependent on the amount you can save each month.

Now when it comes to stopping yourself from selling prematurely, you can only achieve this if you are convinced about the technology behind bitcoin, if you are not, then it is only a matter of time until you sell your coins and probably you will do so for a loss.

As the accumulation would depend on your financial capability, better not compare  yourself from others as you will only get depressed if you will hear things or read things that you can't do.

To accumulate your target amount-
> start small, don't pressure yourself buying 1 btc one time, big time; you can get few satoshis at first and you will be motivated to buy more once you started your journey
> buy every time you have spare money, make sure it is not your money for emergency purposes, as much as possible it is your extra extra money
> store it in a secure wallet where you have full control of it, there are so many threads here how to get this done
> look for side jobs, in that way, you can buy more if the opportunity comes knocking at your door like when the price goes down a lil bit

Lol, all the questions you asked are questions you can ask and answer yourself, because only you and you alone can give yourself the right answers to this question, likewise, if I am interested in this same course, and have this same question, only me alone can give myself the right answers that suits me.

For example, the first question says "how many Satoshies (perhaps) do I need to buy every month?" to achieve 1 full bitcoin?
There are certain factors that will and should determine the right answers to this question, and answers are gonna differ for different persons, based on their individual level of income, and for how long they are willing to wait to achieve that...

A person of my kind would want one full bitcoin today, but if I am gonna have to buy sats, then I shouldnt do it every day for more than a month without achieving my desired result.
And this, I believe can differ for other persons.

If you have a plan and enough money to invest, you can buy a bitcoin and hold it for a long time. But in this case you have to invest monthly or weekly, you can invest in Dollar Cost Average DCA method by understanding the market conditions. You are never going to buy your bitcoins all at once. You will monitor the market daily and invest when the market becomes suitable for investing. Since you plan to hold for long term, you need to be patient and invest slowly in a planned manner.

No one can control you but you, selling the investment before you reach the one bitcoin mark. If you feel that you should sell your investment, no one is going to suggest to you that you can sell your investment. It will depend entirely on you because your needs or wants will not depend on any other person.

Invest in bitcoin to the highest level, in terms of your attitude and in your eagerness to sustain your investment goal. DCA can help a lot with a lot of discipline and good decision making. If you can DCA regularly, regardless of the amount, I’m sure your bitcoin accumulation journey will be more visible and possible starting this  year. Also, patience is the greatest virtue in crypto. If you can’t be patient all along, you will never be fit for bitcoin.

It depends on your monthly income. If you have a high paying job you will collect enough money to acquire one Bitcoin quite fast... What you can do to maximize the productivity of your Bitcoin purchases is to decrease your expenses, so there will be more money left to buy Bitcoin every month, allowing you to fulfill your goal faster.

Nobody can assure you how long it's going to take, though. The price of Bitcoin is constantly changing, and if there is a huge pump soon, it will take longer for you to reach the 1 BTC mark. The advice is that you should start buying as soon as possible, as much as you can, while keeping it stored inside a hardware wallet (Ledger or Trezor).

1. DCA with weekly buys or whenever you get your paycheck.
2. Keep doing this until you hit 1 btc.



How do you stop yourself from selling?? Uhhh why would you even be attempted to sell before you reach 1 btc when you say your goal is 1 btc? That doesn't make any sense.
Just DCA continuously over the years. If 1 BTC is your goal and you are going to stick to that as your goal then keep saving until you hit 1 btc. Keep saving beyond 1 btc if you want, there is really no reason to ever stop saving money as long as you have income to save. But also you can spend your bitcoin whenever you have something you want to spend it on. Personally I find retirement is the best thing to save your bitcoin for, but it could also be a house, or smaller stuff along the way. Saving for retirement is a great way to do it because then you have no reason to sell any until you are retired, at which point you can start living off your bitcoin.

An excellent idea! Thank you. 

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Stop yourself from selling by not always checking the wallet. Once you have calculated the number of Bitcoins you need to buy monthly to reach your 1 Bitcoin goal, take your eyes off your wallet balance and work assiduously to get in that number of Bitcoin in the wallet every month. Secondly if you feel you need to share this goal with someone (very trustworthy) so that they can hold you accountable, then go ahead and do it. However, if you feel your safety will be jeopardize, then don't. If there is a way to lock the goal in the wallet so that you can get any of it out until you reach 1 Bitcoin, then do it

This is up to you but it can take a long time to accomplish depending on how much you buy monthly, also its important not to put all your funds in bitcoin or any other investment in order not to take from your investment when is not time to take profit, spend your time in WO or any other thread in this board: https://bitcointalk.org/index.php?board=57.0
It will be much easier to create an efficient investment strategy for your goal.

This is where self discipline comes in to meet your target goal.

It will all depend on your income, expenses, and your ability to save. I don't know how much you earn and spend so it will be difficult to ascertain your ability to buy one Bitcoin per month. But it will be better to buy using DCA because it will enable you to purchase it based on your ability.

Cut your expenses and ensure you have an emergency fund. Reducing how much you spend on things that you don't really need is important for savings. And planning for uncertainties by having emergency funds will also help you not to sell your coin prematurely.

Your questions are a bit puzzling.  Bitcoin has roughly $25 billion in daily trading activity.  This translates to around 450,000 bitcoins exchanging hands daily, excluding over-the-counter deals. 

You seem to be under the illusion that owning a single Bitcoin is some sort of monumental achievement.  It is not. The market is liquid enough for anyone with consistent income to accumulate Bitcoin over time.

But, no need to stress about owning a full coin.  Just consistently put whatever you can afford to invest towards building your Bitcoin position and  that pragmatic approach is way more realistic and less stressful than worrying about whole coin targets.

Develop your discipline, because discipline is something that will aid you in not succumbing each time to the temptation to spend.

Another thing is to seek other sources of income so you can have enough to sort out your needs. With other sources of income, you can comfortably HODL.

The most practical way to acquire 1 bitcoin in 2024 is to work your ass off for several years and consistently allocate a significant portion of your income to DCA every month. With discipline and good finances, you have a good chance.

Start soon. Based on the price history, delaying it may limit you to strive for a fraction of a bitcoin.

One divided by six. A 6 year old can do this math.

I've sold all the BTC I own, but what the German government did got me thinking. Selling 49,858.7 BTC at an average price of about $58,480 and generating $2.915 billion is no mean feat. It means that a focused individual with the right strategy in 2024 can own one of those 50k bitcoins. If I want to own just one BTC, suggest the best strategy to do it.

How many do I need to buy monthly?
How long before I achieve the one BTC target?
How do I stop myself from selling before the 1 BTC mark?