Quote from: knowngunman on Today at 08:18:51 AM

Quote from: Sim_card on November 20, 2024, 05:28:55 PM

Quote from: Cryptoprincess101 on November 20, 2024, 04:32:52 PM

The truth is just that there are folks who has mapped out plans on how their investment in bitcoin will go for them but along the line, an unforeseen circumstance might just pop out such that it will become a kind of distraction that may lead an investor to deviating from the original plans he had while making his investment. Even if we have set out strategies on how to go about during our accumulation stages, we should not completely ignore the possibility of uncertainty since we are basically acting based on assumption and speculations.
Those who allows themselves to be persuaded and convinced by what they hear are basically those who have little knowledge about bitcoin investment and those that are too lazy to make research of their own to find out if what they hear is actually how it ought to be.

It is sad that after all this struggles at your youthful age, you didn't have anything to show for it when you are old. There's a say that you will reap what you sow, this is directly pointing towards how you take the opportunity you had to know about bitcoin serious and invest in it. If you invest in bitcoin and grow your portfolio the right way overtime, you will be happy that you did it, but if you get distracted by whatever kind of gambling act, you will regret it in future when other are reaping heavily from the profit of their bitcoin investment.

This is why long-term investment is the best when investing, build and grow your bitcoin portfolio with consistent and persistent weekly DCA for 4-10 years and above without any doubt or distraction, because I feel that the longer you are getting in your bitcoin journey, the more confident you will have to hodli for long and grow your stash. Time waits for no man, likewise bitcoin price waits for no man, because soon the government will start buying aggressively, acquire more and don't be satisfied with the little that you have. See your bitcoin investment journey as a wealth building game.

Unforeseen circumstances can never be avoided thou but I don't really see it as an obstacle to someone from reaching the goal set aside for their bitcoin investment. There is something we called contingency plan and while designing your planning prior to beginning of your investment, contingency plan is very necessary as it is going to handle possible circumstances while your investment remains intact.

unforeseen circumstances are very much a part of life and whether you prepare for it or not, life happens and you don't have a choice that face it squarely when it happens, this is the reason why when we talk about investing in bitcoin for the long term, we don't like to do so while neglecting the place of making provision for an emergency fund. if you've adequately made the right provision for your emergency, you protect both yourself and your investment from unnecessary fingering when emergency comes in.

it will be foolishness to assume that emergency wouldn't come at some point in time, and it will be more foolish to assume that without making provision for an emergency fund you can afford to keep holding on to your bitcoin without selling it just because you've decided not to sell your bitcoin holding. unforeseen circumstances are an obstacle that can hinder you from successfully investing in your bitcoin but when you adequately plan for it, you can easily overcome it without interfering with your investment to solving those needs.

Quote from: knowngunman on Today at 08:18:51 AM

If you keep on interfering with your investment due to unforseen circumstances, I'm afraid you might end up with no investment and unforseen circumstance will keep repeating itself.

you are absolutely right.
we have a local adage that goes (problem no de finish) which means that there is always one problem or the other at any point in time. you just have to get used to them and plan for as many as you can handle while doing what's most important for you. if you stop investing because of a problem or slows down on your investment or even sell your bitcoin to sort out your needs, the fact still remains that more problem will eventually come up again in the future that you might lack the resource to handle them and that's when you will understand that you can still survive without paying attention to some of these p[problems.

one reason why the concept of investing what you can afford to lose always makes sense in some way is that it allows you to treat your investment as though it's no longer your own. meaning that regardless of the emergency that comes up, you will strive to solve them as though you don't have your bitcoin holding at a corner. this gives you the discipline not to always assume that your bitcoin investment can always be used to sort out any minor needs or emergency.