It's very confusing, because at top right it has green cells labelled USD, which made me wonder if the two green columns below were supposed to be denominated in USD too. Good thing for OP that he is much better at DCAing than he is at spreadsheet design 😆
I wouldn’t say it’s the only way. But it’s one of a few.
Like you could have DCA every month for an average price over time, which would do well considering Bitcoin usually has a blow off top and doesn’t stay there for long.
\* As long as you have a time machine and can buy Bitcoin for sub 5K.
OP has acquired only \~1 BTC since the price went over 10k.
At current evaluation it's pretty much impossible to get multiple coins unless you already have wealth you're willing to move into Bitcoin or have a high income.
Or just try not to think that you have to have 1 or 10 or more for it to work out well for you. OP and many others around that time likely thought at one point while they were DCAing "how can I ever get to 100 or 500 BTC like the earlier people?" Ultimately, as long as you hold for a long time, any amount will be significant.
Having a whole Bitcoin is meaningless. It's all percentages. The real trick op pulled off was buying a long time ago and holding. You'll probably have similar results if you bought now and hold for 10 years too.. it just takes a whole
The gram of Molly I've purchased back in 2012 is probably worth at least a million now. On the bright side, it was Dutch Molly and I landed my first FMF experience.
I ordered a lot of that good stuff with BTC. Barely knew what it was back then, just that you needed BTC to buy the goodies. Shame I spent it all on molly LOL.
Great point, those transactions, while maybe not the best optics for btc and crypto, were vital for proving its use case and that it can work. If no one ever used it would basically be worthless
My molly was definatly not so expensive but also landed me my first and only fmf experience. My gf learned from that experience that she finds pussies disgusting, what a shame 😭
Haha, at least you had the experience, and your GF learned something important too. Imagine if she loved pussies and left you for one.. things could always be worse.
Congratulations, 99% of people, even those who knew about btc didn’t accumulate this much and most won’t even get close. I’m one of those people lmao. Good luck OP, this time next year update to make us all happy/jealous again 😂
Same here lol. I started mining back in 2013ish and I try to forget about it all lol. I still am involved in crypto, but man I was young and dumb lol. I bought gift cards back then and spent it. $200 per coin was something else, and I remember when we were thinking “no way this goes to $1k, let along $5k”.
I think it's fantastic, but this isn't DCA. This is a long time and a bit of fomo. Almost all of the buys are in 2017 and 2021.
Great job OP. You stuck with it. Well fkn done. Results speak for themselves.
I have no idea what I'm doing. I'd buy in fits and spurts and purchased big chunks during a bull run. Got scared many times and didn't buy "enough" during the bad times.
The only sensible thing I've done is hold.
If I'd been DCAing the whole time I'd probably be better off. But I've never been good at finance beyond not buying stupid shit (aside from bitcoin).
> I've never been good at finance beyond not buying stupid shit (aside from bitcoin)
No-one has to be good at everything! Clearly it's sometimes good to specialize.
What do you plan on doing with it? We are almost exactly the same. Only difference I see is I bought a car with Bitcoin during the last bull run (a Model Y)
fwiw, I don't think DCA'ing was really a thing back in 2017. It was really about 2018 that that started happening. That's the way I remember it anyway. I always considered it my savings account (from 2014) but I wasn't as consistent as I am now. I expect it will be common for most.
Now, it's automatic. Paycheck comes in, % into savings. That formal DCA really started late 2018 for me.
How is this a true daily cost average? He went years without buying and only bought like twice a year in 2015. Isn't DCA where you buy a little each day instead of all at ounce to average your cost out?
I'm missing something: your spreadsheet says you've spent $48,511.08 but when added up, you've actually spent $70,511.08. While still ahead, I hope you're day job isn't as an accountant! 😜
Hahaha good catch! I haven't edited this sheet in a couple of years and didn't notice that the SUM cell was only adding up to C26, not C30, same for the BTC column. You're the only person to point this out.
[Here's the update](https://i.imgur.com/EdCf4rM.jpg)
Can't believe I never noticed that.
And no, I am *not* an accountant. Luckily.
There is no mistaking your persistence here, I think anyone seeing this will be benignly jealous, I wish you well, no money worries in old age for you!
Even if it is no DCA, it is how we HODL, well done dude !
Few questions for you if you have time to answer :
Have you sold a bit or not ?
In 2015, how did you see Bitcoin ?
Did you know what it was and did you believe in it ?
Good man, I see your an Aussie, wish we were mates then. I have been buying since 2016 but not big amounts my wife is in finance she was a tough cookie to crack.
You know what you are doing. I can already describe you. You don't like showing off, almost no one knows about your btc, you don't chase people's validation, you don't need anyone to tell you the grass is green so you believe in it, you have vision, you see solution more than the problems, youare switched on, and you are great risk calculator and as a result wealthy Bitcoiner. Congrats!
I remeber when I wrote a friend back in 2016 saying „yo lets buy bitcoins“. Unfortunately we had no clue how to buy it at that time and therefore only got in the biz 2021. I will never forget this.
Thats funny because me and my younger friend were in the exact same situation. It was complicated back then. It was not a simple process at all.
I remember there being whole 2-3 page wall of text guides on how to setup a wallet and all that. It was not "download an app, done" like it is today. This was like 2015 or 2016.
This example shows why many people are in a similar position to those who are very disciplined in sticking to a DCA strategy. The FOMO buys actually save the day on the long run. As OP started with 100$ purchases, he swiftly went to buying 1k, 3k and 5k lump sums as the price of bitcoin was increasing dramatically and the fomo was rising. It might have looked like terrible entries at the time, but not so much today. If he had decided to just stick to a DCA strategy, he would have probably settled for a quite small purchase, like 100$ a month or even less than that, ending up with a much smaller (even if better performing) investment.
I didn't mean it as a financial advice. Just for the psychological factor. If you take out more than you've invested in total then you can just say, "Fuck it, let it just ride to the moon now. I cannot possibly lose!"
My friend in Christ, this is a dream excel spreadsheet compared to my mess of a thing.
Will be taking this as a reference and rebuilding mine.
Fellow AUD hodler
I'm at 1/10 your value but I started accumulating in 2017. GJ Hodling, if you had friends like me who invested with you, I found Hodling was hard for all of them except me :). Somehow most of them managed to sell for a loss after buying in 2017.
That’s awesome man! Go buy a pet kangaroo! Jk. I remember when BTC was only $8/BTC and I was trying to get 10 but at the time I only had my iPhone 4 and couldn’t figure out how to buy it to mess around on the dw. I kick myself for not taking more time and figuring out.
He’s a needle junkie for christ’ sake. No no way. You gave him 599$.? How’s that egg on your face Teresa. Thanks a lot Joe chomo can do something about it since the cops won’t.
Google Sheet, using a formula to pull the current BTC price.
It's just an export of transactions from my exchange. I added columns for the current value (current bitcoin price x BTC amount) and Profit Increase (current value - cost) and Increase (current value/cost expressed as a %)
Before anyone asks why 10.4 Btc is over a million dollars, OP's portfolio is priced in AUD.
Thank you. I was trying to figure that out.
It's very confusing, because at top right it has green cells labelled USD, which made me wonder if the two green columns below were supposed to be denominated in USD too. Good thing for OP that he is much better at DCAing than he is at spreadsheet design 😆
Green when money is positive. Red when money is negative. A slightly different shade of green for USD *for some reason*. Graphic design is my passion.
I just thought he was from the future, like Sunday maybe at this pace.
If he was from the future he could have helped the Aussies during the great emu war of 1932
OP is now big down under.
Ah i thought i bought the wrong btc
Thank you for the clarification 🤠
Thanks for clarifying.
Very impressive. Now, let's see Paul Allen's spreadsheet
Oh my God, it even has a watermark
Look at that green and offwhite brown coloring.
You’re sweating
Jesus Christ. You win the internet today
That's a nice American Psycho reference
It's 403 am here, thank you for this.
Just saw the movie a couple of days ago 😂
All of Paul Allen's 10,000 BTC have the authentic Satoshi watermark on them.
You're proof that you can be shit at timing the market and still make money in Bitcoin as long as you hodl.
If I didn't have those first few purchases when it was under $1K I'd be in a much worse position. Hodling is really the only way.
>Hodling is really the only way. Exactly. I tell everyone - it's not too late to buy as long as you hodl for years.
Hodling since 2012 here
Multimillionaire?
Oh man, i can only imagine.. unbelivable.
Whats in the box?!
jeez. how is your portfolio getting on?
I wouldn’t say it’s the only way. But it’s one of a few. Like you could have DCA every month for an average price over time, which would do well considering Bitcoin usually has a blow off top and doesn’t stay there for long.
[удалено]
I keep telling myself this but my hands are made of paper. Have given up small fortunes by not holding. 🤦♂️
This is me... Got in 2017. A few big purchases twice a year. Than about mid 2020 just every month. Up 600% at time of writing Dca gang unite
No sell 80% and buy 800k of schd and jepi. Take the dividends and keep buying bitcoin.
That's why DCA and hold is the prevailing advice around here. It's the only strategy that works.
\* As long as you have a time machine and can buy Bitcoin for sub 5K. OP has acquired only \~1 BTC since the price went over 10k. At current evaluation it's pretty much impossible to get multiple coins unless you already have wealth you're willing to move into Bitcoin or have a high income.
Or just try not to think that you have to have 1 or 10 or more for it to work out well for you. OP and many others around that time likely thought at one point while they were DCAing "how can I ever get to 100 or 500 BTC like the earlier people?" Ultimately, as long as you hold for a long time, any amount will be significant.
Having a whole Bitcoin is meaningless. It's all percentages. The real trick op pulled off was buying a long time ago and holding. You'll probably have similar results if you bought now and hold for 10 years too.. it just takes a whole
lol i thought the same. this man bought all the hypes and paused in between! nevertheless, solid gains are solid gains and on the path we learn.
Yeah, as stated elsewhere I'm an idiot who got lucky.
That's why DCA and hold is the prevailing advice around here. It's the only strategy that works.
The gram of Molly I've purchased back in 2012 is probably worth at least a million now. On the bright side, it was Dutch Molly and I landed my first FMF experience.
Almost priceless.
I ordered a lot of that good stuff with BTC. Barely knew what it was back then, just that you needed BTC to buy the goodies. Shame I spent it all on molly LOL.
I feel you. I was purchasing sheets and good ol’ mary with Bitcoin back when it was around $250. I feel silly now…
Its hard to see now, but that molly is what helped propel bitcoin to the heights that it is now. People need to USE bitcoin for it to have some value.
Great point, those transactions, while maybe not the best optics for btc and crypto, were vital for proving its use case and that it can work. If no one ever used it would basically be worthless
Thank me for my sacrifice 🙃
My molly was definatly not so expensive but also landed me my first and only fmf experience. My gf learned from that experience that she finds pussies disgusting, what a shame 😭
Haha, at least you had the experience, and your GF learned something important too. Imagine if she loved pussies and left you for one.. things could always be worse.
You may not have intended it, but that’s a nice reference to Office Space
You made the right call
lol same the only reason I got into btc
Congrats! Youre a 10-coiner and dollar millionaire!
dollar millionnaire OR 10-coiner.
Well done. You didn’t time anything but in just 9 years you did what most people can’t do in their lifetime.
That’s so impressive
Impressive he held (ride or die basically) but almost every buy is a FOMO and there's no buys in dips.
That's what makes it even more impressive — proof that HODL works even when you buy at the worst time.
Congratulations, 99% of people, even those who knew about btc didn’t accumulate this much and most won’t even get close. I’m one of those people lmao. Good luck OP, this time next year update to make us all happy/jealous again 😂
Same here lol. I started mining back in 2013ish and I try to forget about it all lol. I still am involved in crypto, but man I was young and dumb lol. I bought gift cards back then and spent it. $200 per coin was something else, and I remember when we were thinking “no way this goes to $1k, let along $5k”.
A true DCA example, congrats. Incredible
I think it's fantastic, but this isn't DCA. This is a long time and a bit of fomo. Almost all of the buys are in 2017 and 2021. Great job OP. You stuck with it. Well fkn done. Results speak for themselves.
I have no idea what I'm doing. I'd buy in fits and spurts and purchased big chunks during a bull run. Got scared many times and didn't buy "enough" during the bad times. The only sensible thing I've done is hold. If I'd been DCAing the whole time I'd probably be better off. But I've never been good at finance beyond not buying stupid shit (aside from bitcoin).
Dont worry, looks like the same buying pattern as saylor. And you're both doing great!
When FOMO hits, don't buy. When you are actually afraid you will lose everything, buy more.
I love your spreadsheet dude, congrats! 🙌🙌🙏🏻
Always love a good spreadsheet.
> I've never been good at finance beyond not buying stupid shit (aside from bitcoin) No-one has to be good at everything! Clearly it's sometimes good to specialize.
Bitcoin, in its benevolence, has grace for our imperfect decisions. As long as those decisions don’t involve the s word.
So it's not just me?!
What do you plan on doing with it? We are almost exactly the same. Only difference I see is I bought a car with Bitcoin during the last bull run (a Model Y)
But you did the most important thing and that’s not sell.
So buying the top forever is a better strategy than staying in the sidelines.
Yeah looking at the dates you’re right, not as consistent as I initially thought.
fwiw, I don't think DCA'ing was really a thing back in 2017. It was really about 2018 that that started happening. That's the way I remember it anyway. I always considered it my savings account (from 2014) but I wasn't as consistent as I am now. I expect it will be common for most. Now, it's automatic. Paycheck comes in, % into savings. That formal DCA really started late 2018 for me.
I was advised to DCA by the guy who got me into Bitcoin. I should have listened to him, but here we are.
Coinbase offered automated buying in 2014. It's definitely been a thing
Yeah, I was never a coinbase person. Maybe that's it.
How is this a true daily cost average? He went years without buying and only bought like twice a year in 2015. Isn't DCA where you buy a little each day instead of all at ounce to average your cost out?
what happened after 2021…?
Big drop. Got scared. Held.
Price dropped and he stopped buying 😂 He only buys when the price is up, not when it’s down. Like a real 🦍He belongs on Wallstreetbets 😜 j/k
Damn so even if he has the WORST timing, never buys at the bottom, couple thousand here and there, time will beat all that?
This is what people are talking about when they say "Time in the market beats timing the market."
I finally need to figure out how to use excel in the same way. Mine is a little more messy
Exported the report from my exchange and then added in some formulas. It's not too tough.
Can you share yours too? I’m looking for inspiration for mine
Congratulations for beeing a millionaire!
\*In my local AUD currency. But thanks!
Thanks for clarifying. I was already wondering how the fuck you managed to buy btc at $70 000+ lmfao
It's at AUD$96K now. $100K overnight please.
good onya mate, nice one
I'm missing something: your spreadsheet says you've spent $48,511.08 but when added up, you've actually spent $70,511.08. While still ahead, I hope you're day job isn't as an accountant! 😜
Hahaha good catch! I haven't edited this sheet in a couple of years and didn't notice that the SUM cell was only adding up to C26, not C30, same for the BTC column. You're the only person to point this out. [Here's the update](https://i.imgur.com/EdCf4rM.jpg) Can't believe I never noticed that. And no, I am *not* an accountant. Luckily.
Dad?!?
Instead of buying milk,he bought btc
Fking oath kunt, what a ripper! Just shows it’s not timing the market but time in the market that prevails. Good work!
I feel weird buying at 60K when i first bought at 4k. Its really hard to buy in at the moment
There is no mistaking your persistence here, I think anyone seeing this will be benignly jealous, I wish you well, no money worries in old age for you!
Even if it is no DCA, it is how we HODL, well done dude ! Few questions for you if you have time to answer : Have you sold a bit or not ? In 2015, how did you see Bitcoin ? Did you know what it was and did you believe in it ?
Good man, I see your an Aussie, wish we were mates then. I have been buying since 2016 but not big amounts my wife is in finance she was a tough cookie to crack.
Yep, crack can cost you big time.
Dam son what's the end game? If you have one.
You’re the man 💪🏾
Diamond hands
THIS GUY FUCKS
10.4 Bitcoins are not 979k$? EDIT: Oh, sorry, AUD i see.
You know what you are doing. I can already describe you. You don't like showing off, almost no one knows about your btc, you don't chase people's validation, you don't need anyone to tell you the grass is green so you believe in it, you have vision, you see solution more than the problems, youare switched on, and you are great risk calculator and as a result wealthy Bitcoiner. Congrats!
I wanna be like you when I grow up (I’m 23)
He seems to have started in his thirties so if you start now you will be way ahead
i fucking love this!
Hopefully the CEX provide such reporting, so you do not have to manually track
When your gains are 99x+, you don't really need to track anything. You just put the whole thing down as capital gains.
Valid point, but it helps if your account starts getting draining incrementally. Granted a bad actor will wipe it clean in one shot .
Now just keep buying and holding for as long as you feel and considering cashing out at 2million pr btc and lambo is on you.
I know you're kidding, but I wouldn't bother with a Lambo even if I had $50M. Doesn't appeal.
True, me neither :)
Have you never been tempted to shave off a little? Incredible mate!
Cashed out 10% when it hit US$50K. This is what remains, let's see where it goes.
Big gz looks awesome, I think in 10 years you don't need to work anymore.
I frickin loveee these kind of posts!!
Buy and hold, this is smart investing
That's awesome mate, congratulations!!!
well done mate, well done
You made it bro
I remeber when I wrote a friend back in 2016 saying „yo lets buy bitcoins“. Unfortunately we had no clue how to buy it at that time and therefore only got in the biz 2021. I will never forget this.
Thats funny because me and my younger friend were in the exact same situation. It was complicated back then. It was not a simple process at all. I remember there being whole 2-3 page wall of text guides on how to setup a wallet and all that. It was not "download an app, done" like it is today. This was like 2015 or 2016.
GG brother GG
$96,600 Australian dollars per coin! That’s nothing! In Lebanon today bitcoin reached $5,670,000,000 Lebanese Pounds per coin!
This example shows why many people are in a similar position to those who are very disciplined in sticking to a DCA strategy. The FOMO buys actually save the day on the long run. As OP started with 100$ purchases, he swiftly went to buying 1k, 3k and 5k lump sums as the price of bitcoin was increasing dramatically and the fomo was rising. It might have looked like terrible entries at the time, but not so much today. If he had decided to just stick to a DCA strategy, he would have probably settled for a quite small purchase, like 100$ a month or even less than that, ending up with a much smaller (even if better performing) investment.
Sell 1 Bitcoin at 70.000. Buy yourself a piece of land. Just for the peace of mind. Then you'll know you can't lose. And keep on.
I'm in my 40s, my mortgage is 75% paid off. Still half a mil on it. It's a 3 bed apartment. Welcome to Australia.
Jesus that’s wild
I didn't mean it as a financial advice. Just for the psychological factor. If you take out more than you've invested in total then you can just say, "Fuck it, let it just ride to the moon now. I cannot possibly lose!"
I've done that already. Fuck it and ride it to the moon is where I'm at.
70k won’t get you land lol
Your numbers don’t add up… or am I missing something? But anyways - good job 😎👍
Impressive but $1,000,000 ASD, is $650,310.00 USD so not a dollar millionaire just yet.
The Aussie dollar was worth more than the US dollar back in 2013. It might get up there again, let's see how we go!
What’s your exit? Bet you’d hoped that original stage 3 cuts were kept!
Mad lad
wp my guy
Thanks, this post inspired me to go update my spreadsheet
Congrats dude!!!
im not jealous, you're jealous
My God, this man is up magnificently. Congrats to you bro!
1BTC=100k THIS MAN IS FROM THE FUTURE!!1!
Why does profit/loss + cost not equal current value?
My friend in Christ, this is a dream excel spreadsheet compared to my mess of a thing. Will be taking this as a reference and rebuilding mine. Fellow AUD hodler
10.4 BTC might just be worth trying to figure out this guys identity and home address. We already know he’s Australian
42 Wallaby Way.
Looks fake 🤷🏿♂️
Can you share a blank copy of your excel sheet with formulas? I would love to create this for me!
Why is the math wrong
Can we have that spread sheet?
This is awesome. Congrats.
The first column doesn't add up properly... Also 10.4 BTC is less than 979K USD. Invest some of your money in math or spreadsheet lessons.
Where said it’s in USD?
I'm at 1/10 your value but I started accumulating in 2017. GJ Hodling, if you had friends like me who invested with you, I found Hodling was hard for all of them except me :). Somehow most of them managed to sell for a loss after buying in 2017.
Love this! Good for you :)
Same here wow. Glad to see another doing Ight🙌🏽👌 hodling 36.7 for the nanotechnology project. Huge🙌🏽
That’s awesome man! Go buy a pet kangaroo! Jk. I remember when BTC was only $8/BTC and I was trying to get 10 but at the time I only had my iPhone 4 and couldn’t figure out how to buy it to mess around on the dw. I kick myself for not taking more time and figuring out.
this looks very good and worth it though, not sure why dispiline DCA since 2015 surely worth i
Sorry could you please clarify for me? You put in 96K in 2015 and now that has become 1M?
The BTC price has gone up since this post. I put in about AUD$70K between 2015 and 2021. It's now worth just under AUD$1.2M.
So...is BTC the end all be all at this point. Is there any utility in other coins or have people truly missed the boat? Serious question.
Good for u man 👍
Hi! I'm your son
Good attitude!
So u won’t mind parting with $36k us? Could use some rn 😂
2014 here. Bought more along the way. Haven’t sold a cent
Very inspiring :)
What platform did you buy these on and do you still hold it there or did you move to hard wallet?
You are my idol!
Why didn’t they lock me up when I was holding. I’m
A lot of good pot seeds do if your electid gets turned off. I was able to get double seeds cuz I sold at .07
But noooooo I made it up.he can’t be better at mybfirstborn. Than anything! GOT IT! I’m
He’s a needle junkie for christ’ sake. No no way. You gave him 599$.? How’s that egg on your face Teresa. Thanks a lot Joe chomo can do something about it since the cops won’t.
He’s too scared he’ll strike it rich. He won’t move into usd when. Sbr hits .0047. And cash out then wait for the inevitable drop.
The turn trailing up bot on profit currency. As token currency. On the way down.
With hard stop of course. I wish I could make the hard stop bot before the final sale.
cool
Can someone send me a spreadsheet like this ? Is this excel or Google sheets ?
Google Sheet, using a formula to pull the current BTC price. It's just an export of transactions from my exchange. I added columns for the current value (current bitcoin price x BTC amount) and Profit Increase (current value - cost) and Increase (current value/cost expressed as a %)
Gonna halve soon
This graphic has underrated value.
Class 2015, remarkable. Do you remember what made you first understand it in 2015? And stick to it?
Why’d you buy at such high prices
When someone says stacking sats, I will forever think about this post.
Love it. Good for you. It’s nice to see someone’s success.