Say $6.99 a bag of coffee not on sale and $2.99 on sale. Make sure to buy 12 bags when it goes on sale to last till next sale.
That move alone has been worth more than 1 BTC as I have been doing it since 1996
Wow. You have been into bitcoin a long time. You must have lots of cornz with all that savings you've been doing.
For sure, I appreciate the idea of both living within your means, and figuring out various investments that relatively outperform other investments.
Most likely I had been too conservative for a large part of my life, yet it seems that prior to bitcoin, it was not so easy to get into investments, so I had mostly index funds and bonds and sure some property too.. but maybe overall too conservative... and for some reason when I saw bitcoin it just fit.. but I still did not really want to allocate too much to it.. so I tried to be aggressive, but not too aggressive.. that is part of the reason it took me a whole year to get up to 10% of my investment portfolio to be invested into bitcoin.. but even during that first year, I had not realized that my goal was going to end up being getting to 10%.. because the allowance (to buy bitcoin) that I gave to my lil selfie for the first 6 months and then for the second 6 months was just based on how much cash that I thought that I could muster up from cashflow and some various somewhat disruptive shuffelings of some of my cashflows and my investments that were likely going to happen around that time anyhow.. I was going through some transitions that required and/or justified moving things around, reconsidering allocations and some other factors that were somewhat spread out during that time frame.
So when I reflect upon on my first year of investing into bitcoin from late 2013 to late 2014, I was largely just diverting most of what I could spare (without really majorly disrupting anything else) into bitcoin.. so that by the time I got into a year of investing into bitcoin I could see that it was getting into the ballpark of around 10%-ish.. which seemed sufficiently aggressive enough for my then tastes (and my considerations of my historical conservative ways).. which caused me to psychologically feel that I could pause.. but part of my ongoing "problem" at that point was that after having had gotten a stake into bitcoin.. that kind of sunk cost fallacy contributed to my ongoingly continuing to buy into bitcoin for that whole next year in 2015 largely because the price was down.. and maybe even contributed to a kind of Martingale fallacy too.. but ended up really contributing to my over-doing my portfolio into BTC, even my own psychology and largely getting up to around 13.5% after another year of ongoingly buying bitcoin with various spare change etc.. even though I thought that I was buying a lot less during 2015 as compared with 2014.. but still I was having troubles not buying BTC during that time because throughout that whole year (2015) the BTC price was continuing to mostly hover around 50% of my average cost per BTC... so it just ongoingly was irresistible to buy BTC, even while I kept telling myself at the same time that "I have enough" "I have enough".. and at the same time, there were quite a few people (and even "good friends" telling me to either cash out or to stop putting anything more into bitcoin.. so if a I would get $200 extra that would come in from various income generating things that I was then doing, I would allocate half to bitcoin.. and then plug it into my bitcoin buying in various ways.. same thing if I got $10, then $5 would get plugged into bitcoin.. and all of my cashflow was already largely projected out for the next 18-24 months.. so I could fairly easily see if something coming in was extra cashflow outside of the projection or if it was part of the projection of something that was already expected to come in.. and already allocated).
Many of us longer time bitcoiners who are still in the game can appreciate that it can be difficult when the BTC prices are down for so long.. even right now, there are likely quite a few bitcoin newbies who are in the ballpark of less than 2 years into bitcoin and they are largely underwater but still continuing to buy bitcoin with a kind of dilemma in regards to having enough.. maybe even there are people who are 4 years or less into bitcoin feeling in similar ways.. about having enough but at the same time, considering current prices as somewhat irresistible to be ongoingly trying to muster up whatever they can to be buying right now.. even though they might still be having some trouble finding enough money and kind of having to defer a lot of gratifications while hoping that their ongoing persistence to keep some flow into bitcoin is going to end up having decently good odds of paying off down the road.... and for sure it is not guaranteed.. even though there likely continue to be feelings (for the folks who spent quite a bit of time to study and to know about bitcoin.. how many hours gets us to know about bitcoin? 10 hours is surely not enough.. but perhaps 100 is starting to help and 1,000 plus should be decent.. even though it seems that people who learn about bitcoin still continue to learn about it and study it even when they feel that they have gotten in enough hours to really get the hang of it.)
Let's say that any of us might have gotten into bitcoin in the past couple of years, and we had been somewhat aggressive in our bitcoin investment over that time.. maybe we have even acquired more than a whole bitcoin, but our average cost per bitcoin is still in the supra $30k price arena... so currently we are buying somewhere between $100 per week and $250 per week, and we are stretching our budget in order to continue to accumulate as many sats as we can at whatever the price happens to be and there is some ongoing satisfaction that the price is below the 200-week moving average while at the same time some trepidation that our total BTC holdings is still bordering on 50% in the negative...
What do we do if all of a sudden we have another $1,200 come into our cashflow that we had not expected. I suspect that we are going to be inclined to want to spend something close to half on bitcoin right away.. but it may well be a wee bit more prudent to split such $1,200 into three parts.. and spend $400 right away and then plug $400 into our DCA over the next few months or however we want to divide it and then plug the other $400 over our buying on dips and plug that into our various already set buy intervals... so if we already have buy orders that are $100 each or perhaps more every $500 intervals down to $12k that might start at $16,000 or something like that, we still might have dilemmas regarding where to put that extra $400.. to spread it out or to just add it to each order that we already have or to put it more on one end or the other. There can be a lot of dilemmas based on what we might have already been doing.. and perhaps we might feel that we have overly bought between $16k and $18k, so we don't even feel so great about DCAing in this price range, and we might just dedicate our whole $1,200 to buying on the dip.. that may or may not end up happening... so sometimes we can have stress in regards to what to do.. but no one can really help us very much about what to do except for our own figuring out of our own conviction and to be ready, willing and able to live with the consequences regarding how we decide to allocate our $1,200.. and sometimes if we are having trouble deciding right now, we might just plug the $1,200 in such a way that allows us to wait.. put it all at $11,500 or at $10k, even if we might consider that the BTC price will never go there, so in the meantime, we are considering if we should reconsider where to put it.
If we use all of the extra $1,200 to buy right away.. then that can resolve the problem too.. it locks it in.. whether that is a good decision or not, we are the ones that have to live with such a decision and to consider whether we are going to waffle about it, or have ongoing anxiety about it.. or maybe even regret such decision for the next 6 months. I still think about my mistake in late 2015 when the BTC shot from $250-ish to $500 of largely buying a bunch of BTC at close to $500 and using up nearly my then whole budget.. which ended up locking me into hardly having no money for several months. .and then having to restructure several things based on my then mistake.. and for about a few hours, it was not clear that I made a mistake because I felt so good to have been able to buy right around my then cost per BTC.. but then when the BTC price pretty much dropped all the way back down to $300, then took a while to get back to $400 and then got stuck in the lower $400s for nearly 6 months, I kept thinking about how dumb that was to have had established a plan, then to have deviated from the plan, and then had to revise my plan for the next 6 months because I blew my a large part of my wadd and that portion did not come back into profits until more than 6 months later...
Even though I have made several mistakes since then, I have not made that same mistake or even anything as close to what I would consider to be that level of deviation from my plan based on emotions, again... at least not so far.