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.
In as much as what we are doing is continuous something I mean no one knows how long Bitcoin will stay but with what we are seeing I don't think Bitcoin will end or stop anytime soon and we don't pray for that either, so for this reason I don't think it is necessary to set a target on the number of years one wish to accumulate perhaps this should be a continuous something (accumulating anything you have money to...), Again setting target can be frustrating and it can also put unnecessary pressure on someone.
Not having target sound kinda boring to you think is like playing a running game without no end. and one bitcoin investment goal don`t have be years he or she can set their base on their bitcoin stashes , and most time after hitting your you can choose to go extra miles . like for instance your goal is one bitcoin and you endup hitting that goal, so you may decide to accumulate a little till you are satisfied . and meeting your goal doesn`t mean you are going to stop holding still but it means that you have gotten yourself some nice quantities , and you can
take some profit while you choose to replace it or not.
The idea of having no target at all would probably not be a good one, yet the idea of having some loosely framed targets would probably be good, and such loosely framed targets might not be well expressed in terms of either bitcoin or dollars,
I have watch my coment recieving quote upon quote for sometime now, but I guess I will have to reply and I will like you @JJG to throw more light to this, my question is this, does it mean that time frame or interval does not matter in bitcoin investment or accumulation process? because we have been discussing alot about setting out target or specific period of time we should invest, this has been lingering for long now, in prior to 4-10years and 20-30. even though there are other things to be considered like having a target of the amount of btc we should accumulate for a period of time, and age gap. but that does not mean we should neglect time frame or the number of years we plan to accumulate. because from different coment here I think the year doesn't matter anymore? according to my observations the years of accounting is just like an emagination, but the main Focus is just to have that mindset that
" I need to accumulate like 0.2 btc" then with an imaginative thinking of calculating that if one should accumulate $15 every week multiply by 4 which is a months multiply by 12 months which is a year e.g
$15 *4week= $60per 1month
$60 * 12month = $720 1year
$720 * 20years = $14400
this means it will take either 20 year and above or below to accumulate this amount of btc. though along the line the accumulator may decide to lump sum a huge amount of decide to increase his discretion and weekly DCA and the years of accumulation may reduce to 10 years and the speculated time frame of 20years was not achieve, but the btc was achieved, doesn't mean we should totally deny that the year of accounting does not matter. What do you have to say about this? Because the matter is bit complicated.