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It's true that we can never overemphasize the importance of have a solid plan and also sticking to those plans when it comes to investing in Bitcoin. I'm pretty sure those who aggressively bought Bitcoin during the 2022-2023 dip and have continued to HODL are most likely to be in a much better position right now and are definitely grateful for every single sat they accumulated back then.
It's also quite true that a lot of investors might actually get confused about reaching their target amount of Bitcoin or even when they should start selling. Some investors might have the plans of selling at a specific price level, like $200k or maybe even higher, while some other investors might come to realize that they've not really reached their desired target and so needs to continue accumulating more bitcoin before they can even think of selling.
I've come to realize that it's really not just about having a price target, but also more about the journey. As we already know, Bitcoin is more of a long term gain, and the more we learn to focus on progress rather than perfection, the better for us. And even If we are unsure of what the future really holds for us, it's still possible to make informed decisions based on our long term financial goals, financial position and risk tolerance.
I doubt that it is enough to merely have a price and time target since bitcoin as compared with fiat is a moving target and it would likely play out too simply to just have narrow targets, especially if anyone is attempting to actually understand bitcoin as more than just a trade. .but yeah, sure people can do whatever they like in terms of their figuring out what their goals might be within the process of accumulating.. and then figuring out what comes next .. is it just getting in and out of the bitcoin or is there some attempts at maintenance involved.
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Yeah you are right JJG he also did have a relatively bad (not so good) BTC purchase towards the top of the 2017 market, this may be as a result of not having a backup funds, an investor may be so determined and consistent with his or her investment but along the line for some time or season stop accumulating because he or she wants to solve or settle an emergency that came up, but with a backup funds you can solve your emergency without it obstructing your accumulation process.
I was describing a guy who started investing into bitcoin at the top of the market and he still ended up doing well because he kept buying bitcoin. My point really did not have much of anything to do with keeping backup funds, which I would have had presumed that any guy who is investing aggressively will already have back up funds in place.