Quote from: Troytech on Today at 03:57:16 AM

Quote from: JayJuanGee on February 01, 2024, 07:56:15 PM

Of course, creating something like a 6 month plan is still not long term, but it may well be set up within a long term plan of investing and building to set an investment foundation that is going to last 4-10 years or longer, and at the same time, having something like a 6 month plan (or budget), gives you a way to take specific actions within that time frame and then to reassess at or near the end of the period.. and then maybe to extend another 6 months in the same way as previously (perhaps a few tweaks), and if you keep investing with those kinds of 6 months plans that are extended each time, then it could be that it takes a few years before you really are in a position to start to consider that maybe you are going to need to change something more major in your plan.. but then you can see what you have done and then if some of your theories about what might happen are coming true or at least which of the various paths are you finding yourself on.. and sure when you create a plan now, when you get T+3 years later, then you might have to look back at your notes to figure out what it was that you were planning because some of what you were planning 3 years earlier might not be relevant because facts (or history) would have gone in a certain direction so that your various hypotheticals ended up following a certain path that is no longer hypothetical, but when it comes to your planning the future from that point, you still would be considering where you are at, how you got there and where you might go (which the where you might go part is still going to likely branch off into a variety of possibilities with some possibilities being more likely than others.

From this I start to see our Bitcoin accumulation journey as what someone should see as a steady growth in both knowledge and tactics, even our plan would change and become more flexible alongside our mind and emotions, we as holders are actually learning a skill that is going to mold our character into a more positive person that can manage him our self to achieve any goal. I don't about others but for a while now I started to think in a certain kind of way that seemed logical and mature to me even as a young person, I don't spend my money anymore without doing some calculations, my decisions are been calculated.

I've done my reassessment and my focus now are just
1. I reduced my DCA intervals, I used to do once every week with 10% allocation, but now I just want to do 20% every 2 weeks and also increase the percentage going into mybsix months budget and savings to same 20% weekly while my emergency funds and reserves are being built with my original plan.
My reason for doing this is because since I've increased my senerio for a longer time range, and my best case for now is still when the price reduces, since I'm still very early in my accumulation process and would prefer to aquire more bitcoin now that to have a profiting portfolio, I want to use that huge budget after 6 months to improve my allocations in such a way that I would be only using DCA when they are dips and I would still aquire even more with this than using lump sums, I've already created different senerio of how this would play out, but I guess these are the changes I've made for now. It not fixed tho I'm still seeing what would be best for me and there is room for changes incase I see a better way within the next six months.

Quote from: Agbamoni on Today at 12:59:15 AM

However, we cant fall for this temptations if we respectively just buy and hodl our bitcoin. Without looking at the price of bitcoin in the market. Just like any other assets it is volatile and the price can be affected by other factors. But it shouldn't be something to hang our minds on what we should bother about is how we can increase the amount of accumulation and the best strategy to do so. Meanwhile dca has the best bitcoin accumulation solution. With less risk, less pressure and consistent accumulation.

I don't think looking at the chart would affect our minds in any way, I myself look at the price everyday to see if things are going or the market is moving in the direction I had planned based on my senerio, at times to be aware of the price can be helpful, else how would you know when there is a dip to take advantage of, although I don't expect everyone to be good at handling their emotions.

What I'm saying here is we as holders should get to a point of trust in bitcoin as an asset and look as pitfalls as opportunity to gain more, I've planned out my senerios on how I would love the Market to go, and my best case still remains when there is a dip, I'm not sacred of dips, I'm more joyed at it, although I've not been long as a buyer but my passion still remains to aquire more.

As an early investor I don't think we should in anyway we bothered about the price of bitcoin in anyway, our main focus should be on accumulation then maybe after like 10 years for me but 4 years for others we can now start looking at making some profits and beign bothered about the price of bitcoin since we have at least had some major holdings in our portfolio or are somewhat close and feel we are now comfortable to play around a little with our buy sell orders and make some profits.

But as an early investor our major focus remains to hold and acquire more bitcoin, dips are to our advantage not a source of panic for us.