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The Road to Owning 1 More Bitcoin !! (Report #2 | 14% Complete)

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@costanza
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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...

Lots has changed since my first report 3 months ago Link) when the price of 1 BTC was 17147$ and everyone who was waiting for a 10k-12k BTC has been left behind as the price now has jumped to 28245$. This is a sloppy 65% higher. While there is no guarantee that the bottom is actually in and we could still see a lower low, I would say that is rather unlikely at this point.

Accumulating More BTC I did manage to accumulate some more BTC along the way mostly on sportbet.one where I'm receiving weekly dividends and where I'm also placing some bets occasionally which in the long term I know should be profitable.

For now, I'm not selling any altcoins for BTC but in case one of my holdings would see a significant pump, I will take profit and move it into one of my bitcoin wallets which combined I aim to get up to 1 BTC at least over time. I'm also looking to potentially do some more trading even though I'm by no sure means if I will be profitable on that in the short term. I'm also thinking of starting to take some profit from Playing Splinterlands moving that into BTC but at the same time I also plan to accumulate more Altcoins along the way..

BTC Expectations Bitcoin seems to have formed a bottoming pattern breaking above the long-term downtrend line while having restested it. It's also trading above the 200 week Moving average and there is an inverse head & shoulders. So based on all that combined with the fundamental banking crisis and lowered trust in USD Stable coins I would expect it should continue to go up a bit before seeing a correction.

Accumulation Progress

I added 0.055 BTC to my holdings putting me at being 15% complete of my goal. These BTC I won't touch to buy anything else with so the number can only go up from here toward 1 extra full Bitcoin.

BTCLocationScreenshot
0.050 BTCBinance
0.035 BTCTrust Wallet

I will continue to accumulate the coming months aiming to get it at least up to 20% of my goal

Timeframe for Reaching 1 BTC Goal With the price pump, the timeframe has gone up from half a year to at least over a year from what it looks like now. Things can change quickly though and I only need 1 of my altcoin bags to really pump hard to reach my goal in no time even though I'm not counting on that.

Previous posts

DateBTC Accumulated% CompletePost
12/12/20220.085 BTC8.5%[Link]
23/03/20230.140 BTC14%-

ConclusionI 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 another 2-3 months before I make the next update hopefully with some nice progress.

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