Getting to higher amounts does seem to provide more options, but surely only if we continue to figure out ways to make sure that we are responsible in the ways that we are growing, preserving, and then perhaps later spending from our investment portfolio whether that is strickly BTC or if it might evolve into the inclusion of other assets over the years in terms of ways to give us a sufficient level of confidence in regards to when we do start to feel that we can either draw upon the funds for expenses or other ways of maintaining the wealth and making it functional in terms of our own needs once such wealth is achieved..
- For me, it doesn't matter which investment or accumulation method I choose, as long as my mind remains at peace. This is essential for long-term investments, especially in Bitcoin and the still relatively young cryptocurrency market. At this point, with my confidence firmly established, it's evident that Bitcoin holds the potential for the future. The likelihood of its complete collapse is almost negligible, but that doesn't mean it's entirely risk-free; even depositing money in a bank carries some financial risk.
- To ensure my Bitcoin investments don't unduly affect my peace of mind amidst market fluctuations, I've estimated the amount my family needs for expenses over the next five years (let's say it's $200,000). I keep this sum safely in a bank account, untouched for investments or other purposes, solely reserved for expenses. By doing so, I've found that my state of mind is significantly more relaxed, and it prevents me from making hasty decisions, such as selling my investments for daily expenses.