Quote from: Rockstarguy on Today at 07:03:36 AM

Quote from: FortuneFollower on January 15, 2025, 12:07:47 PM

~snip

Investing bitcoin is all about mindset and understanding and if you have the wrong understanding of how it looks like it will be impossible to invest and hodl. If you see the dip in the market as a threat to your investment it will be impossible to invest in bitcoin. Those who are investing in Bitcoin, accumulating bitcoin in the dip and still hodling in the dip understands what they are doing and they can never be panic. It is very important before one makes plans to invest bitcoin their should understanding first because without a proper understanding you are going nowhere, just only wasting your money. Those who are hodling to their investment are not just doing it, but the reason for the commitment of hodling is because they have the true understanding of the investment of what they are into.

Bitcoin investment is all about understanding and mindset, and if you are with the wrong understanding you are going no where in your investment, it is impossible to work out well.

And just to add, if a new investor has understood how Bitcoin works like it's fluctuation in price and also effect of Bitcoin cycles, there is a need to create a goal and objectives. These two things are literally the plans we are talking about. From a general view, they might mean the same thing, but they are quite different.

Goals is practically the number of years an investor chooses to accumulate Bitcoin, though Some people might opt to accumulate a certain fraction within a certain period. While objectives are just our daily/weekly or monthly routine of accumulation. Everyone has different objective of accumulation to fulfill their goals. I prefer the regular weekly DCA of a certain amount, while someone else might prefer a regular monthly DCA of random amount.

And I don't just believe that setting up goals and objectives is enough to start a Bitcoin journey. The income or source of income is also another thing to focus on. Someone who has a good income flow can easily meets his/her goals without having much problems, though good management skills is also important. And that's why I will keep encouraging getting a good source of income, just like I encourage investing in Bitcoin. Both sides must be balanced.