Post
Topic
Board Speculation
Merits 3 from 3 users
Re: Buy the DIP, and HODL!
by
Justbillywitt
on 04/12/2024, 18:58:38 UTC
⭐ Merited by JayJuanGee (1) ,Stablexcoin (1) ,SuperBitMan (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.
For your set target to become effective, you definitely have to assign a timeframe to it. Because if you don't assign a timeframe towards your target, it is no longer a target, but a life long wish. Without a mapped out timeframe there is every possibility that the set target will be abandoned, and you will lose focus along the way. And there will be nothing to use as a measure to assess if you are making progress or not. Without a timeframe attached to a target,I don't think it will be easier to achieve a set objectives. It is also important to understand that setting target for ourselves helps us to maintain focus and it enables know if we are making progress or not in our endeavours. Our targets should our road maps, that specifically have a detailed information on what we want to achieve with our bitcoin investments, how we plan to achieve them. How our portfolio should be like at a certain number of months or years. I believe this will help us to remain focused and not be distracted by emerging events.