Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy the DIP, and HODL!
by
sotelorene
on 03/12/2024, 11:07:31 UTC
⭐ Merited by JayJuanGee (1)
i might not totally agree with you that while investing in  bitcoin you should just set up a plan of accumulating 2 bitcoin and use the whole of your life in getting to that planned figure.

Yeah it is of the nature of every investors to dream big about their future accomplishment, so setting a reasonable target is good way to start the process but not every target is encouraged, so actually I would say that having a set target of 2 Bitcoin to achieve in all of his life does not sound like a target because the conviction will be very low and as the time goes you will start losing interest because of the belief that you still have a good number of years ahead of you to meet up and from such mindset other things will come in play and occupy your mind from thinking about your investment, meanwhile as we normally talk about few years targets is better because it gives us the discipline that whatever thing we do we have something very important to reach out and that idea will now be installed on our head.

You are absolutely right and I think I get your point and of course this doesn't only happen in Bitcoin investment even in some other investment and activities, I have once set target on something that by the end of the month this where I want to reach in this..., but as days goes by I began to feel reluctant and weak reason because even if I don't achieve it that set date I will still achieve it sooner or later and to a point it was more like an procrastinating not even because I was lazy or not determined but because i believe I can still get to that set target so I have to stop and just do it in a normal way and then I start making progress. I'm not saying that setting a target is not good but sometimes it's not good  it can make one reluctant or procrastinate thereby making one to lose some opportunity as a result of not completing a set target on time.