If for example we have exceeded our accumulation target in bitcoin, I also agree that enjoying a little profit is also a good thing. Especially if the bitcoin accumulation time we have done has been more than 10 years, it is certain that enjoying profit is a good thing. But here I emphasize, we are still on the journey of accumulation in this bitcoin investment, so rather than talking about enjoying the results, I think it is better for us to look for a larger discretionary income, so that we can add cold funds that can be invested in bitcoin. Because I am sure that most of us here are still in the bitcoin accumulation stage. So it is better for us to focus on that only and not let our focus be disturbed by other things, such as bitcoin price fluctuations or about enjoying the results. Because basically if we can invest in bitcoin and hold it for more than 10 years, it is certain that the possibility of us getting a profit is definitely very large. So the point is don't worry about this.
We will invest in Bitcoin, but we will not think of taking profit very soon. In this case, I am sharing a real experience of mine, I and two of my friends started a cattle farm and when we started a cattle farm, we all made sure that each of us would invest some amount of money now and start our farm in the initial state by investing.
After starting our farm in the initial state, we will try to take our farm further. In this case, we all had a condition that we would not try to take any profit from the farm before six to seven years. Not trying to take any profit from our farm means that we will not sell any of our cows from the farm. We know that if we can maintain our farm properly, then after five to six years our profit will be ten times the capital and at that time we will share our profit, so that our farm is getting much bigger as well as our profit amount is getting much bigger.
I think about investment in this way too.
When I invested in Bitcoin, I did not try to take profit and I am not trying to take profit from my investment till now. Currently, instead of taking profit, I am trying to take my investment further so that at some point my capital amount will be much larger and my profit amount will be much larger and I can set up another business with that profit and capital.
Yes, the story can indeed be applied to bitcoin investment. Although in reality raising cattle and investing in bitcoin have different risks, but in the context of seeking profit I also quite agree that it can be applied to bitcoin. However, it should also be remembered that you need money for daily needs, so when investing in bitcoin you must also have an income that can cover your needs and if possible you must also be able to set aside a little money to be used as an emergency fund. Because we don't know what the future will be like, preparing now is a very good thing. Then after there is unused money left (discretionary funds) then invest it again into bitcoin.
And the conclusion, investing in bitcoin does not mean that we should not enjoy the results. Because it is up to each bitcoin investor themselves. But if our goal is really to be achieved optimally in this bitcoin investment, I think we should just focus on accumulating. Because believe me if a bitcoin investor has enjoyed the results or profits at the beginning of the investment, it is possible that the investor will continue to take advantage of every opportunity and ignore his initial intention of investing in bitcoin. And that's what I'm afraid of. So until my goal is achieved I will continue to DCA and hold bitcoins.