Bitcoin Forum

So this is based on my current situation and imma be honest without going into specific details.

I'm saving up money for a goal.

And due to that goal, I tend not to spend it 'wastefully'.

You are probably aware of the fact that on ethereum these days, projects tend to do retrospective airdrops, and usually these drops turns out to be thousands of dollars, only caveat is that you are bidding on potentality, and this potentiality costs hundreds of dollars in gas.

I have come across several projects which I was quite sure that they would do an airdrop, and later they did. But, I was handicapped by the thought that, 'what about your goal, gotta save for it' and didn't go further.

Had there been no goal, I would have been in much better position than I'm right now. My own goal handicapped me.

Let me know your thoughts.

Well all you have said is about gambling with altcoins, you could have been lucky but that does not mean you are wrong by not going for the coins. It would have been better to just hold bitcoin for long, if you had, your wealth would have also increased. But what should matters most to you is your goal, you have your time specified already, do not let anything distract you because it is possible bear market may happen anytime, just still stick to your goal than losing.

Yeah it does sound a lot like your intent is just to gamble - which might be more likely to lose the saved funds (depending on how much self control you have).

You can take a risk with some assets on things if you want but don't make them too high. Having more than 5% of a crypto portfolio in new projects would seem high to me and I'd put my odds of losing that 5% quite high.

Altcoins come and go. Potential projects and stay on top rankings today can fall to the middle of table and out of top 50 on marketcap. It is regarding to good projects that have real development and products.

For most of potential projects which are born in bull market, they will not only fall down on ranking table but also disappear or become dead projects.

Check the screenshot for 2013 top marketcap.

Essentially, you have been following one of the most important principles, which is "only invest what you can afford to lose." Obviously, at that time, you couldn't afford risky investments because you were pursuing your main goal. I see nothing wrong with that because in any case, you can't earn all the money and you can't foresee all the consequences. In my opinion, you should always focus on things that you consider important and avoid being distracted by risky opportunities, which, by the way, may well result in you losing all your funds and never attaining your goal.

What if they didn't do any airdrop and you ended up losing the funds used for such project. Also some decentralized exchanges could end up scamming their customers that exchanged using their smart contract just because of the same hopes of having an airdrop in the future. You had a goal stick to it and you wouldn't regret it.

Let me tell you a story back before the current bullrun I had a goal of accumulating atleast 1 Bitcoin before the bull cycle began. I did manage to get 0.5 btc then the desire of wanting to multiply it made me lose a significant amount of it to altcoins (defi). I saw them giving mouthwatering returns and decided to go in. Unluckily it was when Defi was experiencing a correction and I ended up losing.

Now imagine if I just kept on track with my goals of accumulating and not getting carried away by wanting to multiply. Imagine the amount of profit I would had been in currently. Always stick to your goals. There are so many opportunities in the industry, that you missed one shoudn't distract you.

I have a good amount of ethereum but I’m also keeping it for future use. I really don’t want to trade it for now even  when I have financial challenges I still hold to it because I think it’s a good investment. I did not buy Bitcoin when it was cheap and affordable. Now it’s too expensive to buy. I am proud of my ethereum portfolio. It’s the only cryptocurrency I am holding. I can understand what libert19 is saying, I find it hard to sell my ethereum even when I am in profits.

Well  in the good old days of human society, I believe individual roadmaps were given to people or some by their CREATOR, probably in full or in parts, in their minds...so that the Roadmaps guide them.  Whenever it's time to fulfil part of the Roadmaps, they are reminded by their CREATOR, with more ideas/details on how to go about it.
This is more reliable because of the certainty you are on the right track with the right goals to guide your important life's decisions.
Our man-made goals or roadmaps will certainly mislead us or keep us on the wrong path.

I understand the sentiment but it's more like had there been no set up goal, I would have gotten enough money for goal + more.

The point of my previous post is that once you are aligned with your real purpose in life everything works for your own good... and there won't be regrets.
Your goal has to be according to what your CREATOR has designed for you, so you don't make mistakes chasing after things that aren't yours or chasing after that are yours at the wrong time

My head is filled with regrets I can't tell you, how am I supposed to know what creator has designed for me?

You could always be on the look out for projects that aren't being airdropped on the Ethereum chain. Those gas fees are enough to set most people back.