Quote from: Derekfunds on August 14, 2025, 08:17:44 PM

Quote from: As-Soon-As on August 14, 2025, 04:03:13 PM

Quote from: Wind_FURY on August 14, 2025, 02:53:59 PM

Quote from: JayJuanGee on August 14, 2025, 06:10:32 AM

Quote from: Wind_FURY on August 13, 2025, 06:17:53 AM

Quote from: Moreno233 on August 12, 2025, 04:06:00 PM

My joy is that I'm doing the right thing now, investing mainly in Bitcoin and holding with no intention of selling even in this market cycle and the next. I have not reach my accumulation goal so I'm still aggressively investing my discretionary income until I meet the target I set for myself in terms of Bitcoin quantity.

Although, if you let me give you some advice. - Be careful about "targets". Don't make them the actual goal, but use them as a sort of guide because you may want to add more Bitcoin that's more than your original "target".

For sure, if we start out and we consider that it could take us 5 years to 30 years to reach our target depending on how things go, and so we might keep working towards the target, which might be just ongoing accumulation of BTC and otherwise having other balances in our lives.

Then as we consider that we are making progress towards the goal, every year or two or maybe even more frequently, we reassess where we are and our progress. Some periods of reassessment will be deep and other areas of reassessment will be more superficial since we might see that we are still on target.

If we have been working towards our goal and 5 years pass, we might reassess and say that we could have anywhere between 5 to 20 more years to reach our goals, and if we might consider that we are making progress faster than we thought, we might recalculate based on that.

I think that in my earlier years of creating and building financial goals, it frequently seemed to me that I was not making progress quickly, yet I always could see the progress in the numbers, year after year after year, and surely after many years, the compounding of the value seems to start to add up.. and for me it was much greater in bitcoin than it had been in my traditional investments, even though even in bitcoin sometimes I have thought that the progress was slow and sometimes seeming to be stagnant.

The longer we are assessing and reassessing our progress, the more likely we will figure out some more specific ways of measuring whether we have enough and/or more than enough and also to figure out how much of a financial and/or psychological cushion that we might need in order to feel comfortable where we are at or where we are getting close to reaching.

Plus there are people who, after reassessment, they would probably still refuse to reset and go for another target. My suggestion for them would be to forget their original wallet and set up another one using another strategy.

If they bought the DIPs during the previous bear market, then set another wallet with a new goal and a new accumulation strategy - DCA. If they reached their goal through DCA, they probably should start saving their extra income and buy the DIPs during the next bear cycle.

There's no right or wrong answer in the "how", but simply it's always right to accumulate more Bitcoin.

I generally like new and small investors, and I will always give honest advice to those who are interested in investing. If you participate in Bitcoin investment, you must deposit Bitcoin by following the DCA method, and you should follow the DCA method regularly until you deposit one Bitcoin. Because the only way to move towards success through the DCA method is to invest Bitcoin weekly.
The longer the Bitcoin investment, the more benefits there will be, but it is better for an investor to use multiple wallets because I heard @JayJuanGee's post and I saw that he said that all eggs should not be kept in one basket. I follow this word to the letter because he presented it absolutely true and correctly.

I don't really think putting our Bitcoin in different wallet was what JJG was talking about or meant because keeping our Bitcoin in multiple wallet which can be more than 2 wallet can be really stressful and you might even make a mistake one day and if you are doing this, it means you have to be rationing your accumulation. Men I can't really do this dude I don't know about others but I think the best thing to do is to find a secured wallet and keep our Bitcoin but anyone who is comfortable with this multiple wallet of a thing is fine.

Get the context of what was posted. The actual point was "Investment Targets/Accumulation Targets" sometimes change. It could be because of different reasons - a higher salary, a change of mind, OR the investor won the lottery. Cool

I was merely suggesting that some people might have something stopping them psychologically from re-accumulating, and a new wallet and a new accumulation target might help those people from avoiding those psychological "limits".