Quote from: Miles2006 on July 19, 2024, 07:44:18 PM

Quote from: Reincarnated Sat on July 19, 2024, 06:21:08 PM

Quote from: Samlucky O on July 19, 2024, 05:53:27 PM

Quote from: Reincarnated Sat on July 19, 2024, 11:34:59 AM

Some people only consider hodling for a number of years without considering if that is enough hodling, I think if one wants to accumulate enough he shouldn't not consider the number of years but consider if he has truly accumulated enough.

Number of years should be a prior which should be considered as a target of accumulating. When you don have a specific period/duration or time horizon then surely such person don't have focus. And investor always have a time frame of investment and schedule himself of how to apply the investment strategy to meet up his target with the specific period of time maybe 4-10years intervals or 10-20 year. Surely there are times along the line of investment process when a person may be jobless or out of fund or discretion to continue his investment procedure and such person investment approach may slow down a bit but h/she will still have that focus and zeal of meeting up the target of that period of time h/she planed. Sometimes an additional year may be added if such person was financially unstable for 1 year or more. maybe the speculated time frame was 4-10 years minimum but may be extended to 4-11 years adding 1 extra year. So all implies that time frame is very important in accumulation process because it keeps you motivated.

What I was trying to say is that when you reach the number of years which is your target also consider if you have accumulated enough, some people may have a 6 years target of accumulation and when they get to that 6 years one may discover they have not accumulated enough that was why I said our fucus should be if you have accumulated enough.
And one can decide not to have a number of years as a target for accumulation but a particular number of Bitcoin to accumulate which is seen as enough and I think that will give you even more focus.
If you have a target of 6 years and you meet that target and you discovered you have not accumulated enough it may be frustrating and that is why having target of numbers of Bitcoin one wish to accumulate or have in the journey may be better.
My opinion.

Setting a target and achieving such target within a period of time are totally different, anything can happen at same time it’s advisable everyone consider how far they’ve accumulated first before thinking of taking out profit etc. For example, let’s assume Mr A had a target and worked towards achieving the target within the period of time set, definitely such investor has gotten a balance portfolio he/she desired meanwhile Mr B set a target but could not reach the target due to personal reason it’s expected the investor will still have to accumulate. There’s nothing serious in terms of number and years as an investor can still continue building their portfolio after reaching a balance portfolio or taking profit, all this depends on the investor.

Building a satisfactory bitcoin accumulation overtime can be more reassuring than setting a time frame. But what really matters when building a solid Bitcoin portfolio is how consistent, committed an dedicated an investor is to achieve that purpose. if an investor set atarget of accumulating bitcoin in 10 years using a DCA of $20 weekly into Bitcoin in 10 years they can estimate their potential accumulation by calculating the total amount invested over the period.
Example
There are 52 weeks in year
52weeks × 10 years = 520 weeks in10 years
$20 × 520 weeks = $10,400 accumulated in 10 years
Price of bitcoin might change but it can can give you idea of you your accumulating outcome.
What I'm trying to say, is that before setting a target an estimation can be made to know if an investor can be satisfied with such amount of bitcoin accumulated in such time frame or target. So I would prefer to just keep accumulating till I have utilize the opportunity to the fullest of satisfactory.