Some persons still think of Bitcoin as a ponzi scheme where they will invest little for today and start reaping out huge profits the next day, without a doubt,investing in Bitcoin with this mindset will surely results to disappointment. If someone is investing in Bitcoin for the short term with the purpose of making huge potential gains is making fool of himself because Bitcoin doesn't work like that. However I think the best investment plan when it comes to Bitcoin is the long term plan,it is the best plan suitable for any folks that wants to make something tangible from investing/holding Bitcoin for the long term other than investing for the short term.
I think people who see Bitcoin as a Ponzi scheme where they can put in a little today and expect huge returns tomorrow should be left to believe whatever they want because they are going to learn the hard way. When they keep chasing quick gains and end up losing a lot, they will realize that focusing on long-term profits in Bitcoin is the best way. If they continue investing only for the short term and get nothing in return, they will stop viewing Bitcoin as a short-term nvestment.
It is good for every investor to set a target timeline to which his/her investment journey should last, but in my opinion, it's not necessary for investors to set a target timeline of when their Bitcoin investment journey should last because it's likely to make some investors become over aggressive in accumulating Bitcoin so that they can meet up with their investment time, and at the end they will end up selling their Bitcoin investment too early. We should just be accumulating Bitcoin without setting a timeline so that we won't be under pressure to meet up with our timeline and end up getting out of the game.
It’s not bad to be over aggressive with our accumulation even if we set a target timeline for our investment. But it only depends on your plans and target. Some people set up a target for their Bitcoin journey for like 4 to 10 years of holding, then accumulate regularly with the amount they can afford. But if you continue accumulating without considering our other needs, we might be forced to sell. You are right, buying more than your budget will cause too much stress, especially if the market drops down, and perhaps you might need the money in the short term.
absolutely dude you are actually very correct on this, having a strict timeline can sometimes do more harm than good especially with something as volatile and unpredictable as Bitcoin. the pressure is to hit a target, can easily lead people to make emotional decision like overbuying during hype or panic selling too early just to meet a goal. personally i see Bitcoin more as a long run hedge than a timed investment. just keep stacking what you can afford and let time do its thing, no need to rush or set artificial deadlines.