⭐ Merited by JayJuanGee (1)
Our different targets will determine how aggressive we choose to invest and once you have achieved your investment target I think you should consider securing some profit to help reduce the risk of exposure to market volatility as risk management is also an important part of investment and one of the qualities a good investor.
As for me I don't think investing and accumulation ends, even after achieving my investment goal and probably taken profit I will just have to rebalance my portfolio and set a new target probably higher than the previous one and accumulation continues.
At that point some would consider diversifying into other investments. Our goals are different.
Targets are different for each person in question: some cash out earlier, some - they wait for other opportunities, but everybody should be certain that with BTC, any goal is reachable As for me I don't think investing and accumulation ends, even after achieving my investment goal and probably taken profit I will just have to rebalance my portfolio and set a new target probably higher than the previous one and accumulation continues.
At that point some would consider diversifying into other investments. Our goals are different.
The best approach to investing in Bitcoin is to thing long term which also agree with the caption of this thread. If you want to enjoy investing in Bitcoin, simply work our your discretionary income from where you will make investment in Bitcoin to be held for many years. This way you will enjoy the peace that comes with investing money not in urgent needs and will also enjoy massive growth in your finances. This is what we should tell people so that they develop the right mindset and approach to Bitcoin and not come to sell for quick profits.