Quote from: GreatArkansas on September 08, 2023, 02:05:37 AM

Quote from: ASCDO21 on August 08, 2023, 05:24:37 PM

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I decided to set myself a goal - to save money for an apartment with the help of cryptocurrency. The cost of the apartment is $130,000.
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It seems OP is not saving money here, this is investing. And when you do invest, it comes with risk, you either win some or lose some. You can't guarantee.
But if you plan and do it properly, it is worth it and will be profitable.
I like the confident of OP, by having a target first because if you do have target, you will work hard, grind to reach that target.

While it is true that having a goal gives you the incentive to try to do what you can to reach it, it is also important to try to keep the goal realistic, otherwise it is incredibly easy to take risks that are too high for the skills that we posses, also even if the goal itself is realistic sometimes what is completely out of place is the timing in which our goal can be reached.

And example of this are the people that want bitcoin to reach one million dollars during the next bull run, do I think that bitcoin can reach that price? Yes, do I think it will happen during the next bull run? Not really.