Small Accumulation Adds Up

Don't let the seemingly large price of Bitcoin prevent you from making a start.

I speak to a lot of people about Bitcoin and one of the most common retorts I get is that ‘the price is too high’ or ‘it’s too late.’ Don't let the big headline price of Bitcoin scare you from buying, or that there's no point in buying until you can afford a big lump sum Dollar, Pound or Euro amount to get involved.

A Bitcoin is broken up into 100,000,000 Satoshi’s (Sats). At time of writing, 1 Sat = $0.00069415, so a small amount of $10 will get you 14,406 Sats. A couple decades from now when Bitcoin reaches Sat/Cent parity, that’s going to look like the bargain of a lifetime, and it is.

It All Adds Up

Buying a small amount of Bitcoin each week adds up over time to a meaningful number for your future. It's like a supercharged savings account.

I'll share an example. In September 2019, at her baptism, I put an initial amount of $500 into Bitcoin for my goddaughter.

Every subsequent week since, I bought another $10 of Bitcoin for her using a 'Recurring Buy.’ I increased this to $12 per week this year to keep up with inflation (government money printing).

On her birthday each year and at Christmas, I put an extra $50 in.

In total, I've contributed around $3,800 in just under 5 years.

The amount of Bitcoin she now hodls is worth $18,000. I continue to buy just a small fraction of a coin each week to continue growing her stack.

By the time she turns eighteen, her Bitcoin will be worth enough to buy a house if she chooses, and I'll have only contributed a total around $13,000 (this is assuming I don’t increase from the current contributions of $12 per week and $50 gift levels, though I will).

You’ll note with this strategy, there was not an overly large up front capital committment, and the ongoing contributions are negligble for those on an average income. There was also no questioning when to buy, concern over waiting for a drop, buy now, later etc…

Every week, the Bitcoin stack grew. When the price was low it grew quicker than when the price was high, but each and every week, more Sats were added to the stack.

Look at the results achieved over time with that small but continual accumulation strategy. The future will be no different as Bitcoin continues on its adoption and growth trajectory.

Delaying is Costing You

Don't put off contributing to your Bitcoin savings now because the number looks scary. If that is your mindset, it will only get scarier and you’ll forever be afraid to take action.

Every Sat you buy now helps you progress toward your future dreams - whatever they may be - especially for those of you in your teens and twenties.

For those of you who bought some Bitcoin a while ago and haven’t since, are you even going to notice or miss that ten or twenty dollars per week? Probably not, but that can still make a sizeable difference to your current stack as the weeks tick over.

Starting to stack Sats now will set you up for great things in the future, and that’s what Bitcoin and money are for - not a number to look at in the account, but the choices it provides you.

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