When we are in the midst of building our bitcoin holdings it can be difficult to know if we are doing the right thing or not, and you can imagine that poor people are likely not used to accumulating so much wealth, and so they might already start to conclude that they have enough or more than enough bitcoin and they have not even hardly accumulated 25% of their annual income into bicoin, yet it still seems like a lot of money for them to have so much in one place, and they are not used to having had accumulated so much wealth in their whole life, and it is ONLY 25% of their annual income, and maybe it took them 2 or 3 years to get to that level and they feel really rich.. even though it would likely be better for them to keep accumulating until they have invested a whole year or more in to bitcoin.. .and no I cannot really determine for someone else how much is enough or more than enough.
I do know that my standards are different right now as compared to what they had been in 2014 and 2015 when I was starting to come to the conclusion that I had accumulated enough or more than enough bitcoin.
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It can be difficult to create and maintain clear goals, so in some sense there might just be ballpark goals, especially when it comes to further into the future, including 4-10 years or more into the future. Even though time will likely fly by fast.
Initially the clear goals might be merely to get into a habit of buying bitcoin every week and solidifying cashflow management systems and practices... so there could be stages that the bitcoin investment grows more and the cashflow management grows stronger, yet it can be uncertain regarding how long it is going to take to get 1 years income invested into bitcoin for example. . and yeah if it can be figured that a person is investing around 10% of his income into bitcoin, then it may well take right around 10 years to get to 1 years income invested into bitcoin. There could be times where the person is able to invest more aggressively (or a higher percent) , but then there might be other times that the person has to cut back the amount invested because income is shrinking and/or expenses are going up.. in other words discretionary income is shrinking.
Young people may be wanting to get job training and/or to attend university, so there could be some difficulties earning income during those times, and expenses might be high relative to income... and even if a person does not have questions about job skills, there can frequently be questions regarding what kind of work to do that will both al.low for personal satisfaction and decently sufficient pay... or some jobs also might be considered as temporary jobs... so then objectives might change, even when we might have had told ourselves what our goal was, but sometimes we might be forced to focus on some intermediary and maybe short term goal that might take us away from accumulating bitcoin, so then we might have to figure out the extent to which bitcoin remains a high enough priority or if there might be ways to redesign our activities to make sure to keep bitcoin accumulation as one of our main goals, even though we might not be in a position to make the goal clear, but instead just to establish our goals directionally and weighing various costs and benefits... since sometimes if we might see that we can increase our income, yet there might be some short term loss of income, we still might consider increasing our longer term income as the better path.. even though there might be some delays in regards to bitcoin and maybe the amount of bitcoin that we are able to accumulate becomes a bit less certain for a period of time.
You make a good point about the challenges of setting as maintaining clear goals, particularly when it involves a long term game like Bitcoin. It's true that the potential ups and downs of one's income and expenses may potentially impact one's ability to be invest in Bitcoin.
Yeah, I buy the idea of buying ballpark goals, especially when one is actually looking at 4-10 years or even more in the future. It feels more like having a direction that leads directly to your goals, rather than a precise target. And yeah, time could surely fly by pretty fast and that's why it's always crucial for investors to at all time remain focused on their goals and also adapt to changing circumstances.
Another solid approach would be breaking down one's goals into stages, just like developing a habit of consistently accumulating Bitcoin and solidify one's cashflow management, also realizing that Bitcoin investment isn't always linear, because there are times when folks might choose to go in aggressively in their accumulation, and also times that investors needs to cut back and be a bit whimpy, that's just the reality of Bitcoin investment and it's important to be realistic.
Life can indeed be unpredictable and it's just very normal for priorities to change or switch overtime. And there are so many factors that may potentially influence one's income and expenses, thus making it essential to try to be as flexible as possible with your approach and willing to adjust one's goals accordingly.
It could also help to have directional goals, like prioritizing Bitcoin accumulation, as this could also potentially help to guide one's decisions. It's also important to weigh the costs and the benefits of every decision as this could really help on make more informed decisions, and this may sometimes involve adjusting your goals or approach overtime, and it's okay as long as you're finding a balance and making good progress towards your long term goals and objectives, even If that path isn't exactly what you had initially pictured from the beginning.