Self control cannot be neglected as an early investor

[milewilda]

I just started DCAING into bitcoin some months ago with the purpose of becoming a long term holder, I've got my funds in place, I've done my cashflow check up, I've started building my emergency funds, I'm following all the rules that I think I need to follow to reach my goals as long term holder. But guess what happened yesterday?.
I used the money I was supposed to use to lump sum into bitcoin to buy a game. Lame right, very lame. While a lot of persons would talk down on me right now about this cause I know I've messed up and was supposed to say no to that urge to just spend more. Although I've replaced it today with a lot of hard work. I've learnt a lesson. To succeed as an investor you must have self control. I had every reason to say no to the urge to get a game but I didn't. I lacked self control to say no myself and do the right thing.
If anyone must achieve any desire in life, he must have the self control to control his lists cause here I am burning with desire to accumulate bitcoin and this same me went ahead to forfeit it for a game. All I know is I'm never gonna make this same mistake again.

Self control and discipline is something that you would really be needing if you are really that tending to hover yourself into this market on which you would really be needing to be serious if you are really that tending to hold for long term. If you are really that finding yourself that being that too impulsive on things then you are really that bound on committing out those kind of actions like spending up into other things and using up
your Bitcoin holdings then this do really signifies that you arent really that good enough when it comes to self control on which you do really that make yourself that committing those mistakes.
If you are really that serious on holding or investing with Bitcoin then as much as possible  then you should really just that make use of fiat instead on trying out to spend up your coins
which we do know that when it comes to potential earning or potential profits then it is really that highly that probable in the future although its not guaranteed but we do see that there's high potential.

[Asiska02]

Having self control of your spending choice when you have a target to achieve is very important. Even outside the crypto world, there is what we call scale of preference where you arranged your wants in the order of which you need them the most. Lump summing bitcoin was your priority but just some little distraction made you to take a decision you never planned for and now feeling regrets. It is good that you know the implications of the decision you’ve taken and you won’t make such mistakes again in the future. The game you bought will serve its purpose though you won’t feel too happy because the investment would have made more meaning when invested.

[Wiwo]

One of the things you have to know is that cryptocurrency investment aside from Bitcoin long term investment which is the only safe investment,  any other coins or short-term investment is basically a total gambling and anything can happen along the line,  so take cryptocurrency investment as another form of gambling and at some point, a patient is a vital tool because your ability to wait for your investment to materialize is very important.

Sometimes we make the mistake of changing things unduly and for that, it becomes very crucial to pace everything under view to know whether we making the right decision or not.

[pinggoki]

Don't be too hard on yourself OP, you didn't do anything wrong buying a game, you're allowed to have fun and if the net happiness in buying that game is higher compared to investing it into bitcoin then you've got more out of that game than investing and it's not like you didn't make up for it the next day. It's not also a problem of self-control OP, you being aware that what you did feels wrong is a sign that you've got the control and to be honest, if you really feel bad about buying the game, you would've done a refund or just quickly sold it to the market the next day but you've kept it so you're doing good. You don't have to put all your money in invested, it's a good thing for you to have fun too and enjoy life.

[Manlikefrank1]

I just started DCAING into bitcoin some months ago with the purpose of becoming a long term holder, I've got my funds in place, I've done my cashflow check up, I've started building my emergency funds, I'm following all the rules that I think I need to follow to reach my goals as long term holder. But guess what happened yesterday?.
I used the money I was supposed to use to lump sum into bitcoin to buy a game. Lame right, very lame. While a lot of persons would talk down on me right now about this cause I know I've messed up and was supposed to say no to that urge to just spend more. Although I've replaced it today with a lot of hard work. I've learnt a lesson. To succeed as an investor you must have self control. I had every reason to say no to the urge to get a game but I didn't. I lacked self control to say no myself and do the right thing.
If anyone must achieve any desire in life, he must have the self control to control his lists cause here I am burning with desire to accumulate bitcoin and this same me went ahead to forfeit it for a game. All I know is I'm never gonna make this same mistake again.

Seeing what happened to your in the past was because your are not well disciplined.because if your well disciplined you would have a greater chance to understand the basic of wanting to spend capital or resources at a wrong time and for wrong thing(game).but I still relate that experience is a great teacher.i know you won’t try to make such mistakes next time.because of the you would have understand priority by now.

[shinratensei_]

well thats true, indeed at the early time of being an investor, when your capital is limited, or even scrapping some left over money for investment like when i was still early into the game, it is all about self control, whenever we got profit from our trades or investment, first think to appear before our mind is definitely buying some thing that we have longed for since long time ago, but then we came to realization, is that truly necessary, what happen if i compounded the money and grow my income? thats the thing that i always have to think about and have self conflicts after all its rough world to live with so many entertainment but also quite expensive ones that im sure the sole purpose is draining us of our money.
in regard of gaming, i too an avid gamer back then but i realized that doesn't matter how many time i play game i just ended up with nothing finishing a game doesn't have inherent benefit to my well being so i decided to retire.

[Lantind]

Seeing what happened to your in the past was because your are not well disciplined.because if your well disciplined you would have a greater chance to understand the basic of wanting to spend capital or resources at a wrong time and for wrong thing(game).but I still relate that experience is a great teacher.i know you won’t try to make such mistakes next time.because of the you would have understand priority by now.

If we have realized the mistakes we made in the past and we will try to correct those mistakes and promise not to repeat those mistakes again in the future, spending capital at the wrong time will certainly make us suffer losses and will not be able to get any profits. is this and we have to make this an experience for the future and we will learn about it so that we can do better in the future and we have to really understand carefully what we are going to do and also we have to be able to control ourselves when deciding something and not never been in a condition that was not good for deciding something.

[Ngemmeng]

Seeing what happened to your in the past was because your are not well disciplined.because if your well disciplined you would have a greater chance to understand the basic of wanting to spend capital or resources at a wrong time and for wrong thing(game).but I still relate that experience is a great teacher.i know you won’t try to make such mistakes next time.because of the you would have understand priority by now.

If we have realized the mistakes we made in the past and we will try to correct those mistakes and promise not to repeat those mistakes again in the future, spending capital at the wrong time will certainly make us suffer losses and will not be able to get any profits. is this and we have to make this an experience for the future and we will learn about it so that we can do better in the future and we have to really understand carefully what we are going to do and also we have to be able to control ourselves when deciding something and not never been in a condition that was not good for deciding something.

There are two possibilities if you spend capital at the wrong time, the first is that you will lose and the second is that you will not get maximum profits. Therefore it is very important to study the market situation and carry out analysis before investing because this can determine the results of your investment in the future.

[beerlover]

If we have realized the mistakes we made in the past and we will try to correct those mistakes and promise not to repeat those mistakes again in the future, spending capital at the wrong time will certainly make us suffer losses and will not be able to get any profits. is this and we have to make this an experience for the future and we will learn about it so that we can do better in the future and we have to really understand carefully what we are going to do and also we have to be able to control ourselves when deciding something and not never been in a condition that was not good for deciding something.

There are two possibilities if you spend capital at the wrong time, the first is that you will lose and the second is that you will not get maximum profits. Therefore it is very important to study the market situation and carry out analysis before investing because this can determine the results of your investment in the future.

I would say there are two possibilities, you either will make more profit and quicker, or you will make less profit and slower. I mean if you buy at 60k, it would take a while for you to make some money whereas if we are talking about something that will benefit you then you are going to end up with something that should not be all that easy. I hope that people could really see how we could get to a point where we could make some returns. I hope that we could see the situation to grow better and bigger.

So, the situation doesn't really change all that easy, it changes based on when you enter and how much you profit and how quickly, but as long as you keep it up then you are going to end up waiting for it to get better eventually.

[South Park]

There are two possibilities if you spend capital at the wrong time, the first is that you will lose and the second is that you will not get maximum profits. Therefore it is very important to study the market situation and carry out analysis before investing because this can determine the results of your investment in the future.

For an investor the timing at which they purchase their assets is way less important than it is for a trader, people aiming to become investors have for the most part to only worry about two things, to accumulate capital at regular intervals so they can invest and decide which assets in particular they want to buy, once they do this the only thing left to do is to buy those assets, unfortunately there are many people out there that makes this more complicated than what it really is and that is why they suffer massive losses.

[Webetcoins]

Seeing what happened to your in the past was because your are not well disciplined.because if your well disciplined you would have a greater chance to understand the basic of wanting to spend capital or resources at a wrong time and for wrong thing(game).but I still relate that experience is a great teacher.i know you won’t try to make such mistakes next time.because of the you would have understand priority by now.

If we have realized the mistakes we made in the past and we will try to correct those mistakes and promise not to repeat those mistakes again in the future, spending capital at the wrong time will certainly make us suffer losses and will not be able to get any profits. is this and we have to make this an experience for the future and we will learn about it so that we can do better in the future and we have to really understand carefully what we are going to do and also we have to be able to control ourselves when deciding something and not never been in a condition that was not good for deciding something.

We should, so that we won't lose huge anymore and we will now earn a better profit. Wrong time of spending a capital must be when the price of assets are high and this is why we are taught to only buy at the lows, so that we can be able to sell easily once the price recover and rise. It's also important to choose the right assets because even if you follow that rule but you pick a bad asset, you will still lose.

Self-control and decision-making are separated or not the same, and when deciding about something, we must be clear. If we control ourselves, how can we able to decide and proceed? Self-control is still needed so that we can lower our risks.

[Bloodseekers]

There are two possibilities if you spend capital at the wrong time, the first is that you will lose and the second is that you will not get maximum profits. Therefore it is very important to study the market situation and carry out analysis before investing because this can determine the results of your investment in the future.

For an investor the timing at which they purchase their assets is way less important than it is for a trader, people aiming to become investors have for the most part to only worry about two things, to accumulate capital at regular intervals so they can invest and decide which assets in particular they want to buy, once they do this the only thing left to do is to buy those assets, unfortunately there are many people out there that makes this more complicated than what it really is and that is why they suffer massive losses.

Yes, it is true that for investors deciding to buy their assets is not as important as a trader because if a trader decides to buy an asset they must have it at a price that when they buy it must be at a low price so that they can make a profit when the price is high later and every trader Of course they have to prepare their capital according to the profits they want and for investors they have to be able to hold their assets to get profits from investment and they also need capital which they will not take before they reach their investment target.

[carlfebz2]

Seeing what happened to your in the past was because your are not well disciplined.because if your well disciplined you would have a greater chance to understand the basic of wanting to spend capital or resources at a wrong time and for wrong thing(game).but I still relate that experience is a great teacher.i know you won’t try to make such mistakes next time.because of the you would have understand priority by now.

If we have realized the mistakes we made in the past and we will try to correct those mistakes and promise not to repeat those mistakes again in the future, spending capital at the wrong time will certainly make us suffer losses and will not be able to get any profits. is this and we have to make this an experience for the future and we will learn about it so that we can do better in the future and we have to really understand carefully what we are going to do and also we have to be able to control ourselves when deciding something and not never been in a condition that was not good for deciding something.

We should, so that we won't lose huge anymore and we will now earn a better profit. Wrong time of spending a capital must be when the price of assets are high and this is why we are taught to only buy at the lows, so that we can be able to sell easily once the price recover and rise. It's also important to choose the right assets because even if you follow that rule but you pick a bad asset, you will still lose.

Self-control and decision-making are separated or not the same, and when deciding about something, we must be clear. If we control ourselves, how can we able to decide and proceed? Self-control is still needed so that we can lower our risks.

"BUY LOW SELL HIGH"

This is the basic principle on which trader should really be following but the main question is, would you able to do such thing? For sure all of us wont really be wary on what are those sweetest spots
This what makes tons of people do fail up on dealing up with trading or investing just because they dont even know on what they should gonna do. Self control is really that something that should be applied to all
on which it would really be just that right that you do have this kind of quality as an investor and wont really be that making yourself get blinded or being rushed up on the decisions that you are making.
If you do find yourself having that kind of problem then its better to assess yourself on what you should gonna do.

Sooner or later you would really be able to find for yourself or realize onto those things and you would just adjust accordingly basing up on what you are currently facing
or really be that dealing into.It would be just that depending on you on what are the things that you would be gonna doing.

[Crypt0Gore]

You brought just one game and all hell broke loose? But remember that you have been DCAING into Bitcoin, so if you decide not to DCA this week and instead use the money to purchase a game, how is that the end? DCA lives on, the following week you will continue your DCA, why are you pained?

Your story is confusing, honestly, you already have some Bitcoin and till today I am still DCAing, it doesn't matter what the price of Bitcoin is, I am not ready to stop accumulating right now.

Also, we need to always remember ourselves, I can't do without gaming either, I do buy games when I can afford it, we only live this once, do what you love at times, it only gets bad when it's getting too much, enjoy yourself while you are accumulating Bitcoin for long term.

Always remember to LIVE while you are struggling for a better future.

[South Park]

You brought just one game and all hell broke loose? But remember that you have been DCAING into Bitcoin, so if you decide not to DCA this week and instead use the money to purchase a game, how is that the end? DCA lives on, the following week you will continue your DCA, why are you pained?

Your story is confusing, honestly, you already have some Bitcoin and till today I am still DCAing, it doesn't matter what the price of Bitcoin is, I am not ready to stop accumulating right now.

Also, we need to always remember ourselves, I can't do without gaming either, I do buy games when I can afford it, we only live this once, do what you love at times, it only gets bad when it's getting too much, enjoy yourself while you are accumulating Bitcoin for long term.

Always remember to LIVE while you are struggling for a better future.

The OP probably believes they have to be perfect in order to make money and this is not true, I am sure that over the years many people that had the plan to buy bitcoin weekly or monthly have failed on accumulating the cash necessary to do it for one reason or another, but as long as this is a one time thing and it does not become a pattern, then for the most part the positive results we can expect out of our DCA strategy should remain relatively intact.