The Road to Owning 1 More Bitcoin !! (Report #4 | 18% Complete)

6 months ago

I always like to use my blog as a tool to reach certain goals tracking the progress while helping me keep disciplined toward it. A While back, I started a new goal of accumulating 1 more Bitcoin as I feel I don't nearly have enough of it and too often get tempted by much riskier altcoins...

It's been 7 months since my last report Link and I haven't made much progress as I always tend to prioritize Altcoins over Bitcoin which are way more risky with much higher upside potential. However, I did manage to grind out an extra 0.02 BTC over this period from some passive earning and maybe more importantly, I fully kept my hands of the 0.16 BTC I saved up so far which was one of the reasons I started these accumulation reports. Without it, I'm quite sure I would have used it for other things which likely would not have performed as good.

BTC Accumulating Source

My 2 main soruces continue to be sportbet.one & Betfury.io which part of the earnings generation is paid out in BTC. While I occasionally have used it I try to keep my hands off it. Each of these added 0.01 BTC to my holdings now. If the Head and shoulder pattern plays out, it should go up to around 41500$

BTC Expectations
Despite the fact that stocks are going down and interest rates are going up, BTC seems to just follow the regular cycles and has been very bullish for almost an entire year coming off the low of 15.5k now to 35K +126% increase

So Where does it goe from here, I guess up over the coming 2 years with some pullback along the way.

Accumulation Progress

I added just 0.02 BTC to my holdings putting me at being 18% complete of my goal. I have 0.1 BTC now in my Trust wallet and 0.06 BTC, 0.01 on the BNB Chain and 0.01 in PBTC which I still need to convert.

Timeframe for Reaching 1 BTC Goal
I pretty much need 1 of my Altcoin positions to really do a nice multiple which I would convert into BTC in case that happens. Aside from that I continue to have passive earnings which I will start converting more into BTC to speed things up a bit. I also had some funds in both Celsius and FTX so in case those ever get to a point to pay some of that back it would help a ton.

Previous posts

Date	BTC Accumulated	% Complete	Post
12/12/2022	0.085 BTC	8.5%	[Link]
23/03/2023	0.140 BTC	14%	[Link]
06/04/2023	0.160 BTC	16%	[Link]
02/11/2023	0.180 BTC	18%	Link

Conclusion

I continue to grind along and if I don't lose any of my coins the goal will be reached at some point as I have set myself to fully stay clear of touching these coins for quite a while. It will likely be at least another couple of months and maybe more before I make the next update hopefully with some nice progress.

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