Quote from: uchegod-21 on August 29, 2024, 10:25:50 PM

Quote from: Miles2006 on August 29, 2024, 10:07:56 PM

Quote from: batang_bitcoin on August 29, 2024, 05:54:16 PM

Quote from: bitcoin_mining on August 29, 2024, 01:34:44 PM

A mistake that we new investors make is not setting our target. Determining the target is very important, in a word, the investment target can be considered as the structure or design of a building before it is constructed. Just as a building without a design is not possible precisely because of it, it is impossible to sustain an investment without a specific goal in a long-term investment plan.

I believe that all of us have their own targets but the problem starts when we actually hit our target and we don't comply and follow the plan that we've setup. And the reason for that is the nature of human about greediness. We all want to see more, the better and higher price that's why even if we hit the target, we don't obey to our own plans.

IMO, I don’t know the kind of plan you’re referring to but definitely every bitcoin investor target is getting a good portfolio. After owning the desired amount although there’s nothing like satisfied bitcoin accumulation, an investor might feel like they've gotten much but still keep accumulating that’s normal and good because there’s no limit owning bitcoin . Consistent accumulating is the best plan for me, continues accumulating after reaching an achieved target doesn’t mean greed if that’s what you’re referring to.

That is the two different school of thought we have as long as bitcoin investment is concerned. In everything that is called investment, there is supposed to be a target whereby if the Investor hits this target they will exit that investment. But in Bitcoin investment there are some people who do not have any target, they just want to save in Bitcoin and believe that one day bitcoin will worth very high and they will become financially free.
While there are some who are invest in because of the Bitcoin halving and bull run season. This set of people always by during the bear market and wait till the bullrun starts for cash out.

However, if all things being right for a person, it is right to hold bitcoin for a very long time and see what bitcoin will be in the future.

It could be the case that some people think about their investment as something that they build up and then when they reach their target they exit, but that does not seem like a good way of thinking about bitcoin, especially if you might be able to wrap your mind around the reaching of your target just means that you change your strategy and maybe you are not so much focused on accumulating bitcoin any more, but the mere fact that you are not focusing on accumulating, does not necessarily mean that you should want to or need to sell (at least not to sell in large proportions).

Just because a person does not have a plan to sell his BTC does not necessarily mean that he does not have a target, even though some folks might have somewhat vague ballpark ideas of their target in the beginning, so they might not be sure about when they might be getting close to their target, yet, if every year (or whatever basis) they are reassessing the value of their BTC in light of their goals and wants in life, they might start to consider ways to hone or to specify their target in such a way that they would be able to define what they want more clearly based on the quantity of BTC they had accumulated up to that point, which might cause them to transition into some other stage, such as maintenance stage or even some kind of a sustainable withdrawal stage, which I would also not characterize sustainable withdrawal as a way to get out of bitcoin, but instead a way to just withdraw from it on a regular basis, whether making price-based withdrawals and/or making time based withdrawals.