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Author Topic: What did you do After Reaching your Bitcoin Goal?  (Read 586 times)
Kelvinid
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September 13, 2023, 11:32:57 AM
 #41

What happens next I forget the first goal and move to the 2nd goal, and so on. As long as we still have the chance, we can't just stop from our first goal but instead continue and make other achievements. This is really what it tells us people that we are somewhat greedy and want more achievement in life but I understand, it is our reputation as well. We can just stop at 1Bitcoin and limit ourselves if we know that we can still do it. In fact, we have given the chance either and I believe it was not reasonable to reject it.
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September 13, 2023, 03:38:05 PM
 #42

That's right, OP. After reaching your goal you set a new one. That's exactly what I did.
I sometimes feel like a collector, since it has some of that vibe when you're in a campaign and get a few coins every week. Feels like adding to your little piggy bank Cheesy

Right now my goal is to keep adding and holding until the price is decent and I usually see 50% of the last ATH as a pivot point. Before that it's accumulation time and after reaching it I slowly start thinking about spending.

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September 13, 2023, 05:43:14 PM
 #43

That's right, OP. After reaching your goal you set a new one. That's exactly what I did.
I sometimes feel like a collector, since it has some of that vibe when you're in a campaign and get a few coins every week. Feels like adding to your little piggy bank Cheesy

Right now my goal is to keep adding and holding until the price is decent and I usually see 50% of the last ATH as a pivot point. Before that it's accumulation time and after reaching it I slowly start thinking about spending.
I don't even have a goal for now, maybe in the future when I'm able to accumulate the amount of Bitcoin I've been longing for to make me the kind of person I intend to be. It is a good thing to be a Bitcoin investor and trader at the same time. I ought to make and earn good amount from being a Bitcoin investor since the market is open to everyone that are interested to ride on the journey to the moon. Bitcoin has been the power house of crypto market and it is going to keep up the moment for as long as possible so everyone of us that are investors still have more to benefit.
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September 13, 2023, 09:43:28 PM
 #44

Seems like it’s still uncertain as to when I’d be able to hit my bitcoin goal. Although I’m into DCA, but since I only have less amount of money left from my salary, then I’m only buying a little amount of bitcoin every time. However, if asked what’s my next goal after bitcoin, I think as long as it remains profitable, then I will never get through with it. I will surely accumulate into another set of bitcoin and maybe diversify some of my profits into real investments that will provide me passive income in the future.

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September 14, 2023, 07:49:58 PM
 #45

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?

After you have accomplished your initial objectives, the following level of application is for you to begin and considering how to establish a new asset. Because you can be sure that now that your goals have been attained, you want battle for any other goals. No, now is the time to put in some effort and invest in a variety of endeavors so that your future successes will exceed those of the past.

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September 14, 2023, 08:01:16 PM
 #46

-snip-

After you have accomplished your initial objectives, the following level of application is for you to begin and considering how to establish a new asset. Because you can be sure that now that your goals have been attained, you want battle for any other goals. No, now is the time to put in some effort and invest in a variety of endeavors so that your future successes will exceed those of the past.
That's it - the average investor will rebuild his investment portfolio after getting a return from his first investment. The desire to have more and more will always be there so that we will not all be satisfied with just one achievement, even if it is a large amount.

As long as the opportunity to gain returns from investment still exists - it is only natural that people will continue to take advantage of it. Someone who has made millions of dollars in returns on bitcoin will very likely re-build their portfolio when the price of bitcoin has fallen deeply - that's an opportunity for them, as it is for us.

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September 14, 2023, 08:16:39 PM
 #47

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.

Why not cash out when the set selling price is met? Then rinse and repeat.  Since the Bitcoin market is cyclical, there is always a window for reaccumulation after selling for profit.  If we look at the ATH of each 4-year cycle, the Bitcoin price always plummets when it enters the bear market.  This is our chance to get Bitcoin at a lower price after we sold our holdings.

Selling our Bitcoin during the bull run and buying during the bear market will not only give us profit but also give us a chance to accumulate more due to the profit after selling our BTC at the target price.

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September 14, 2023, 09:20:46 PM
 #48

If I could eventually hit my Bitcoin goal then I will have to start up a new goal, but hold a second, what’s even my set out goal for bitcoin? To be honest I don’t even have a specific goal set out for Bitcoin talk more of trying to reach them, then only thing which I have set out is to be able to accumulate as much Bitcoin as possible till God knows when depending on my financial capabilities, maybe having 0.1% of the entire supply could be a good start for a big dream/goal  Tongue .

Just the same way that our needs/wants are insatiable, that’s how we can never be satisfied with our goal with bitcoin, even when we have reached out one goal, and it happens that we still have the financial capacity then we will have to keep on setting up another goals until we see no more goals to set and to be achieve .

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September 14, 2023, 09:23:51 PM
 #49

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?
After achieving your goals in bitcoin it doesn't make sense to go rest, what is supposed to be next is to set another goals by going through another circle of investing. This is a goal that is very profitable and their shouldn't be a retirement so quick, the purpose of bitcoin is to help one to become financially, that's is why when a goal is as achieved in bitcoin to be financially stable it is good to still repeat the same goal to become more financial stable. The main goal from bitcoin is to get value.

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September 14, 2023, 09:53:57 PM
 #50

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?
After achieving your goals in bitcoin it doesn't make sense to go rest, what is supposed to be next is to set another goals by going through another circle of investing. This is a goal that is very profitable and their shouldn't be a retirement so quick, the purpose of bitcoin is to help one to become financially, that's is why when a goal is as achieved in bitcoin to be financially stable it is good to still repeat the same goal to become more financial stable. The main goal from bitcoin is to get value.

If one's current goals are already achieved with bitcoin, it seems too soon. We still have quite a long way to go with bitcoin. Seeing the price of Bitcoin still dropping to the $25,000 price area is even a new opportunity to start entering and retargeting new goals with Bitcoin. This investment will be a long-term investment and will continue to be repeated if the first goal is achieved. There are still many other coins that can be chosen to support the main goal with Bitcoin. Take advantage of all existing potential to maximize your profits.

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September 14, 2023, 09:58:22 PM
 #51

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?
When I have achieved my goal or target with Bitcoin, and have taken profits and earned enough money for me, yes I will continue again by setting the new one. In this case, we can finally cash out the profits we generate along with the capital from Bitcoin investments after waiting a long time. However, in the future, the money will not be 100% cashed out but will be used in part or several percent to invest again using the DCA system when a bearish market occurs.

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September 14, 2023, 11:36:14 PM
 #52

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?

For sure if I successfully make a good amount of profit here in cryptocurrency or Bitcoin, I would probably reinvest again in the future if I get a good opportunity on the next cycle but personally, the goal is to buy a more safe asset something like a real state, or a passive income like an apartment, or maybe something like a resort, etc.

Compared to cryptocurrency it is safer and could provide you with a more stable income than just investing in cryptocurrency and dollar cost averaging waiting for the Bullrun which would probably take years just to guarantee a big amount of profit.

A lot of investors just doesnt realize that cryptocurrency is still a very risky investment at any moment we just doesnt know if it is still gonna continue or if is it still going to exist in 2030 or 2050. Probably? but the market price of it is just depending on the supply and demand in the market so it still wasn't a guarantee, So as the goal of investment is to make a profit so at a fair market price you should sell your investment, probably the longer you're waiting the riskier it is, but theoretically, it should increase its market price in the future.

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September 15, 2023, 01:16:57 AM
 #53

For sure if I successfully make a good amount of profit here in cryptocurrency or Bitcoin, I would probably reinvest again in the future if I get a good opportunity on the next cycle but personally, the goal is to buy a more safe asset something like a real state, or a passive income like an apartment, or maybe something like a resort, etc.
Re-invest your money is only good if after you got big profit with your initial capital, you did withdraw your initial capital as your saving. After that you can start your re-investing with profit you got and you will consider that profit as your new capital. The initial capital should be stored as your saving, untouched through your re-investing process.

If you re-invest with your initial capital and your profit, you will have risk to lose them all with one or few bad investments.
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September 15, 2023, 01:58:08 AM
 #54

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?
As much as possible, try to be consistent with the plans you have made. if at the start you plan to collect at least 1BTC. and that has been achieved with the method you use. why not make other plans such as target prices that you can set to maximize your profits.
If you only like Bitcoin, there's no harm in continuing your DCA, but I suggest it be done with your new plan. This means don't combine your new investment with your old one, even with the same assets. This is only to measure the success of your investment. not only the target assets you get but also the profits you get.

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Darker45
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September 15, 2023, 02:19:51 AM
 #55

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.

Why not cash out when the set selling price is met? Then rinse and repeat.  Since the Bitcoin market is cyclical, there is always a window for reaccumulation after selling for profit.  If we look at the ATH of each 4-year cycle, the Bitcoin price always plummets when it enters the bear market.  This is our chance to get Bitcoin at a lower price after we sold our holdings.

Selling our Bitcoin during the bull run and buying during the bear market will not only give us profit but also give us a chance to accumulate more due to the profit after selling our BTC at the target price.

Ever since I switched into cold storage for most of my funds and abandoned all centralized exchanges, I haven't done this anymore. Also, it's actually a lot easier said than done, especially if you're looking at a zoomed-out chart. In reality, it's actually hard to wait for months or even years before you make your next step. And you can still get trapped. I'm speaking of my personal experience at least. Perhaps I'm a little lazy also, staying away from hassles as much as possible. At some point, I just ended up plainly hodling.

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...Next Generation Crypto Casino...
Z_MBFM
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September 15, 2023, 02:20:22 AM
 #56

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 possible to profit from Bitcoin by blindly investing and holding it without doing proper research. But following DCA it brings better results in faster than normal investment. Bitcoin is a strong asset like gold and silver but Bitcoin is more profitable than gold and silver. So there is both profit and fun in investing here. All investments are risky but since the price of Bitcoin rises and falls quickly, investing here is a bit more risky. But DCA minimizes that risk and reduces the possibility of loss. And at the same time it is reasonable and profitable for everyone to follow DCA. I myself follow DCA for investing be it in bitcoin or altcoins

terrific
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September 15, 2023, 02:20:51 AM
 #57

Set a new one and keep going. There's no exit on this plan.
And the goal keeps going on, when we reach one you want to have another one and that's like us, being typical human beings.
I'll reinvest into other investments and assets that will make money. But maybe after profiting, will go into real estate as it's the best one to have some proof for this inflation and crisis.

reagansimms
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September 15, 2023, 02:43:28 AM
 #58

When someone has achieved a goal in investing, they will apply the same strategy to achieve a new goal. Making a plan from the start will help you get more BTC ahead of the Bullrun, do it slowly to achieve the planned goals. Always make your goals a challenge that you have to achieve, don't be easily swayed by unsupportive market conditions, whatever happens in the market you have to stick to your main goal when investing.

R


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Mophymac
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September 15, 2023, 06:27:48 PM
 #59

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's ok to set goals in life however,  when it comes to wealth which Bitcoin translates into, no one ever get satisfied. Everyone wants more even the Legends.
nurilham
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September 15, 2023, 09:31:53 PM
 #60

When someone has achieved a goal in investing, they will apply the same strategy to achieve a new goal.
Sure, we must set a new goal after we achieved the previous goal. However, the strategy may be different because the same strategy maybe not effective to apply for the new goal. we must evaluate the previous strategy, we can use it if it still deserves for a new goal. But if it looks not suitable anymore, I think we are better to change it.

Making a plan from the start will help you get more BTC ahead of the Bullrun, do it slowly to achieve the planned goals. Always make your goals a challenge that you have to achieve, don't be easily swayed by unsupportive market conditions, whatever happens in the market you have to stick to your main goal when investing.
When you made a plan, it should be from the starts, mate.  Wink
Faster or slower to achieve the goal, it depends on many factors. One of the factors is how long to plan for achieving the goal.
If you set a long term target, it should take a few years at least (around 4 years). But if you plan for a short team target, you can reach it in a few months only.

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