What did you do After Reaching your Bitcoin Goal?

[alastantiger]

I may reach my Bitcoin goal very soon all thanks to majorly the Dollar Cost Averaging strategy. I have been investing some specific amount into Bitcoin every month since the past couple of years. I have been at least 80% consistent in doing that through the dips and the funds and the bears and the pumps. The question that's been on my heart is what do I do when I finally reach this goal: set a new one and DCA or just keep DCAing without any goal in mind. If you have reached reached your Bitcoin goal what did you do after then?

[un_rank]

When you achieve your dream/goal, it is time to set a new one.

Your next goal does not have to be to acquire more bitcoins, could be to buy a different asset which has good potential. You can also look to venture into a new industry or keep it simple and acquire more bitcoins so you are in a better position by the time the next bullrun rolls into town.

The discipline and knowledge that comes with long term purchases and hodling is not one that comes easy at all. Great work achieving your goal.

- Jay -

[Hatchy]

It all comes down to your objective. Personally, I aim to gather as much Bitcoin as I can. Once I achieve that, I'll set a new goal. Achieving these goals will require patience and time. If you're not patient and constantly worried about market downturns, you might not reach these goals.

Holding and owning Bitcoin isn't easy, you need to know how to manage, secure and deal with the risks involved during this process of acquiring Bitcoin.

[Stalker22]

Hey OP! What do you mean you reached your goal? Are you saying you have enough Bitcoins and no longer feel the need to acquire more? I do not think I have ever met such a person in this area. 

Jokes aside, I believe un_rank's point is spot on. Once you achieve a goal, it is a good idea to set yourself a new one.

[SatoPrincess]

Generally you cannot live life just having one goal, yes it’s smart to have one attainable goal at a time but once you reach it, it’s expected that you aim higher and start another challenge for yourself. It’s like ranking up in bitcointalk, Legendary is the highest rank and the ultimate goal for a beginner but we set little goals like reaching full member and immediately our eyes on the next rank when we get there. That’s my opinion btw, some people goal may be to have a certain amount of bitcoin that will be enough for them to buy a boat and retire to the Bahamas. I wonder what your bitcoin goal is that you have come very close to achieving in such a short period.

[nakamura12]

Keep it as it is as since you already achieved your goal but don't forget to set a new one or should I say step it up more like upgrade what you already achieved like buying more Bitcoin or you get yourself involved in new thing such as new asset. Take what hatchy explained where you will focus on getting more Bitcoin even though you already have achieved your goal like getting Bitcoin (certain amount) and you will get more what you have planned already. I think you can get more Bitcoins even though you have set a new goal.

[lionheart78]

I may reach my Bitcoin goal very soon all thanks to majorly the Dollar Cost Averaging strategy. I have been investing some specific amount into Bitcoin every month since the past couple of years. I have been at least 80% consistent in doing that through the dips and the funds and the bears and the pumps. The question that's been on my heart is what do I do when I finally reach this goal: set a new one and DCA or just keep DCAing without any goal in mind. If you have reached reached your Bitcoin goal what did you do after then?

It is important to know the reason why are you accumulating Bitcoin.  Since you have set your target then if you know the reason behind this accumulation, you can answer the next question.

Most of us are accumulating for profit and when it comes to profit we want it to be cyclical.  So my answer would be that when I hit my target amount of BTC, I will wait for the target selling price to realize and sell my holdings.  Then rinse and repeat.  I would put some of the profit into creating a business to diversify.  Since my strategy in profiting in Bitcoin takes a long time, it is good to have a business that can give us profit regularly.

[Distinctin]

I may reach my Bitcoin goal very soon all thanks to majorly the Dollar Cost Averaging strategy. I have been investing some specific amount into Bitcoin every month since the past couple of years. I have been at least 80% consistent in doing that through the dips and the funds and the bears and the pumps. The question that's been on my heart is what do I do when I finally reach this goal: set a new one and DCA or just keep DCAing without any goal in mind. If you have reached reached your Bitcoin goal what did you do after then?

Always know that bitcoin is not the only potential investments in the market. You could start a new goal through acquiring some real estate or invest in gold. For me, that’s probably my next in line when I come to maximize my bitcoin investment. Although I believe that bitcoin investment has no end, so if you can also add more investments to it, then that will definitely make your life more valuable and meaningful to live with.

[Sanitough]

To be honest, I’m still far from reaching my bitcoin goal. I’m still accumulating bitcoin as much as I can whenever I have spare money, as most of the time my budget is already used up from providing my family’s basic needs and necessities. So right now, my only investment is just focus on bitcoin. But when the time comes that I’m already in good profits with bitcoin, then I would also love to venture on buying properties like apartments so I can have my passive income as well as bitcoin investment may not be considered a passive income.

[Antotena]

I may reach my Bitcoin goal very soon all thanks to majorly the Dollar Cost Averaging strategy. I have been investing some specific amount into Bitcoin every month since the past couple of years. I have been at least 80% consistent in doing that through the dips and the funds and the bears and the pumps. The question that's been on my heart is what do I do when I finally reach this goal: set a new one and DCA or just keep DCAing without any goal in mind. If you have reached reached your Bitcoin goal what did you do after then?

I wish to one day have a wish list like you for fulfilling bitcoin dream of achieving your target. For me, I'm still in tbe learning process of bitcoin, how to secure it and keep it from bad hands and also looking at trading as secondary thing to achieve. I believe the two goes together and it help someone in the future understand bitcoin very well.

[rachael9385]

It is good that you are almost getting to achieve your goals as an investor. We are all happy for you and, for your question, it is good to get more assets because, since we are still alive and we have children and families, it is better to achieve more than spending the once we have achieved. Besides, if I have achieved what I wanted from Bitcoin, I will still invest in it for my children's sake so they can inherit it in the future to come, and I will also invest in other things like real estate.

. . . Someone like me, even if I have 10 BTC, I will still accumulate more. Because I am not content with that as long as I am profiting, the only thing that can make me quit from investing in Bitcoin is if I have lost more than a million dollars in it. Although I will not be totally discouraged about the investment, I will use another analysis for my investment.

[Mr.suevie]

I may reach my Bitcoin goal very soon all thanks to majorly the Dollar Cost Averaging strategy. I have been investing some specific amount into Bitcoin every month since the past couple of years. I have been at least 80% consistent in doing that through the dips and the funds and the bears and the pumps. The question that's been on my heart is what do I do when I finally reach this goal: set a new one and DCA or just keep DCAing without any goal in mind. If you have reached reached your Bitcoin goal what did you do after then?

That's good for you mate as you are doing well and soon to achieve your goals but like you ask the question if I am the one to choose I will definitely set another and moreover I don't even have a specific goals to reach when accumulating money because as far as am concerned bitcoin is actually money and believe I don't any limit to the amount of money that I can possibly get so buying more will probably be my option during the much expected bull run and the only plans I have  is fir bitcoin to teach it's ATH .

[passwordnow]

I may reach my Bitcoin goal very soon all thanks to majorly the Dollar Cost Averaging strategy. I have been investing some specific amount into Bitcoin every month since the past couple of years. I have been at least 80% consistent in doing that through the dips and the funds and the bears and the pumps. The question that's been on my heart is what do I do when I finally reach this goal: set a new one and DCA or just keep DCAing without any goal in mind. If you have reached reached your Bitcoin goal what did you do after then?

Whether you will have to make another goal or continually DCA without a goal on your mind, you'll still be thinking of something new like a challenge that you have to overcome. That's how it goes usually after hitting the goal that we were able to set before.
I have reached a few of the goals that I was able to set but it doesn't end there. Because like what you've said, we can renew it if we want to and be the better version of it and prove to ourselves that we're better than the old goal that we're able to reached.

[letteredhub]

I may reach my Bitcoin goal very soon all thanks to majorly the Dollar Cost Averaging strategy. I have been investing some specific amount into Bitcoin every month since the past couple of years. I have been at least 80% consistent in doing that through the dips and the funds and the bears and the pumps. The question that's been on my heart is what do I do when I finally reach this goal: set a new one and DCA or just keep DCAing without any goal in mind. If you have reached reached your Bitcoin goal what did you do after then?

I never had a set target at first when all gained interest in bitcoin all that mattered to me was just owning a bitcoin not mind the amount I invest in, but then after buying my first bitcoin I felt unsatisfied realizing I need to invest more Soni can own more and that's how I have been on the journey but there's no set goal for it. I just keep buying whenever I can how much I can at each brief period . I think setting a goal can put you on a pressure to meet up the goal on time, and circumstances and challenges happens in life which can chunk into the way of achieving that set bitcoin goal by delay, such things can mount so much pressure on you. So I avoid setting a goal towards bitcoin buying, I buy whenever I can, which at times I could even be privileged to buy 3 times in a month.

[hatshepsut93]

I bought an apartment with my profits from the last bull run. But I have been holding for a long time, I don't think such returns are feasible anymore for investors that start with small capital and don't use huge leverage (and remember leverage = gambling).

I don't think that there should be some goals tied to Bitcoin investment, this can be really counterproductive if it makes you miss out on profits to wait for this "goal". Better just make as much money as you can with Bitcoin and then see how you can spend it.

[libert19]

Worry about not losing them. Whether the wallet (despite it being HW, because of ledger fiasco) i'm using is safe or not — keeping updated with it's news has become a necessity, making sure no one knows the address where I'm holding the funds, making sure I backed up seed phrase properly, backup works and it's at safe place, making regular backups — in case one gets corrupted, checking my address on explorer every morning to make sure my funds are still there.

[Text]

Have you consider investing in other assets such as stocks, real estates, or precious metals?

Setting new goals can help you stay motivated and continue to grow your wealth, could be higher Bitcoin target.

If you believe in the long-term potential of Bitcoin, you may choose to hold your existing investments and continue DCAing for the future.

[Darker45]

I don't know if there's ever an end in our Bitcoin goal? As for me, it seems there's no end goal anymore. You just have to keep stacking Sats. Of course, you will also be spending some of them every now and then, but you will replace them afterward.

I used to have specific goals in the past like reaching a certain amount of coins, but then after that, what? You will continue to add more Sats to it every time you have extra savings. So, perhaps it's better to just remove all those specific goals you have. What's left is the goal to add more.

[OcTradism]

I may reach my Bitcoin goal very soon all thanks to majorly the Dollar Cost Averaging strategy. I have been investing some specific amount into Bitcoin every month since the past couple of years. I have been at least 80% consistent in doing that through the dips and the funds and the bears and the pumps.

Congratulations to you because you almost reach your Bitcoin goal with DCA.

The question that's been on my heart is what do I do when I finally reach this goal: set a new one and DCA or just keep DCAing without any goal in mind. If you have reached reached your Bitcoin goal what did you do after then?

Let me challenge you with a question. What do you expect with Bitcoin growth in future and Why do you decide to DCA Bitcoin in last couple of years?

If you think its future growth is good and you DCA because you planed to invest in Bitcoin some years, at least one more halving, not only a next halving in 2024, you will some thinking like.

- Will you hold your Bitcoin (in this almost done plan) till 2028 without selling it?
- If you continue DCA, but buying Bitcoin at higher price after 2024 halving and bull run, but don't have enough savings to use, will you have to sell your bitcoin?

If your plan is continuation of DCA but can sell it in next one or two years, I think you can simply hold your bitcoin and use your future income as your saving, it's not necessary to DCA more.

[Don Pedro Dinero]

If after achieving your goal you are considering whether to set a new one, it means that the original goal was not of very high expectations. And I'm not saying it's wrong, but in my case for example the goal is to have enough bitcoin to be able to stop working if I want to (I'm not saying I will if I achieve it), and on the way there are partial goals, to reach round figures, and I've already reached some of those, but the last goal I don't know if I will reach or how long it will take because it will also depend on the evolution of the bitcoin price which, as it seems, will not rise as much as in the first cycles.