Buy Buy Buy or Sell Sell Sell?

[ZeroVinsonN]

It's a mistake alot of people keep making, telling themselves that they need to know everything about bitcoin first before they can actually start investing in it, by doing this they end of losing valuable investment time only to realize at the end of the day that they could have just started investing from the beginning and gathered the knowledge they felt they needed along the way, I suppose that's one reason why it needs to be stated here always that complete knowledge of bitcoin isn't needed first to start investing in bitcoin, provided that a person has their discretionary income available they can always start to invest and gather knowledge along the way.

Using the word everything is unrealistic, no body knows everything about Bitcoin. Although I do get your point, some people want to know more about Bitcoin before investing in it, there for it amounts to wast of time and opportunity.

Which is the point I am trying to make, they waste valuable investment time telling themselves that they need to acquire knowledge, acquiring knowledge isn't the problem though, the problem is that they use it as an excuse to not start accumulating, an investor can start investing while acquiring knowledge at the same time, they don't even have to stop big, they can always start small and build up as the go which is why they should be investing with their discretionary income so that the fear of lose will be minimized as much as possible.
We need to move past our excuses and actually take a step in the right direction, the only way to get anything of of investing in bitcoin is to actually start investing, nothing goes for nothing.

[Kaliandra]

... I will also prioritize my Bitcoin accumulation because I believe so much in Bitcoin and I know for sure that if something doesn't go wrong I will be among those that will celebrate their success in Bitcoin investment and I hope and believe nothing will go wrong. Being careless is a mindset and a choice and like I said not everyone has that mindset and choice of being careless because they want their tomorrow to be better than today.

Take a breathe of fresh air dude and feel fly confidently as eagle in the air  with your bitcoin investment, cause nothing bad is going to happen to bitcoin in the future. See the bitcoin  dominance and it penetration into the macroeconomy is overwhelming that the governments, corporate entities and institutions has to adopt as strategic reserve. If there was any signals that something was going to be wrong these big players like Micheal Saylor will not go aggressive with their accumulation of their bitcoin investment. Stay anchored to your long term investment vision and be impervious to the fears.

It seems like you guys are really enthusiastic about this discussion and talking about how BTC has great potential in the future and won't disappoint you. If you have that kind of mindset, then you are definitely amazing people, and I enjoy reading your passionate posts. Yes, hopefully we can be more successful in the future by investing in BTC. Indeed, we don't need to be afraid to invest in BTC, even though investing in BTC is risky. However, as long as we use discretionary income, there is nothing to fear because it does not affect our real-world economy. Yes, famous people and companies have already bought BTC, and that indicates that BTC has great potential in the future. Now is a good opportunity for us to continue DCA because we don't want others to get ahead of us since BTC is a rare asset.

[Finebone]

It seems like you guys are really enthusiastic about this discussion and talking about how BTC has great potential in the future and won't disappoint you. If you have that kind of mindset, then you are definitely amazing people, and I enjoy reading your passionate posts. Yes, hopefully we can be more successful in the future by investing in BTC. Indeed, we don't need to be afraid to invest in BTC, even though investing in BTC is risky. However, as long as we use discretionary income, there is nothing to fear because it does not affect our real-world economy. Yes, famous people and companies have already bought BTC, and that indicates that BTC has great potential in the future. Now is a good opportunity for us to continue DCA because we don't want others to get ahead of us since BTC is a rare asset.

I guess it's just few individuals around the world that is looking at Bitcoin from the angle we are looking at it. Some are ignorant of it and it full potential while some are still skeptical of it and it future, but as it stands now, it's not only the real OG's that sees Bitcoin as an asset with a huge growth potential, but we that are well informed of it and it capabilities should do more to accumulate as much as possible because in few years from now, like fifteen years time from now, this current price might be a price we are not going to get back again because it will look like a steal then, so buying and building your stash is the ideal thing to do now that Bitcoin is still cheap and early.

Those companies and institutions that are buying and accumulating Bitcoin now, do you think that they don't know what they are doing?
Of course they knows that Bitcoin is nowhere near it peak price unlike gold that has been in existence since the beginning of mankind, so buying and accumulating it now is a wise idea that we will be grateful for in the future.

[Gallar]

Take a breathe of fresh air dude and feel fly confidently as eagle in the air  with your bitcoin investment, cause nothing bad is going to happen to bitcoin in the future. See the bitcoin  dominance and it penetration into the macroeconomy is overwhelming that the governments, corporate entities and institutions has to adopt as strategic reserve. If there was any signals that something was going to be wrong these big players like Micheal Saylor will not go aggressive with their accumulation of their bitcoin investment. Stay anchored to your long term investment vision and be impervious to the fears.

Investing in Bitcoin is indeed very promising, especially in the modern era like today, where digital assets have become very trendy. It is certain that with this trend, Bitcoin has become increasingly popular among many people. As far as I know, Bitcoin is the first digital asset in the world that has truly succeeded and is widely recognized to this day. Therefore, it is no surprise that governments, large corporations, and people from all walks of life are investing in Bitcoin. This is indeed a very positive development for our future. However, we must remain cautious, as no one can predict the future. Therefore, invest in Bitcoin using money you are prepared to lose, or what is known as discretionary funds. Discretionary funds truly serve as a strong protective shield in case of unforeseen events affecting Bitcoin.

[@nn@_pen9]

Many of today investors see such life span as impossible. They want quick profit but don't realise that there's more on the long term goal. A 4 years investment range will not yield you realistic profits or return.

you need to give it time to yield. During this period, you as well will take your time to continue accumulating nonstop. That's how to grow realistic profits.

I assume that if someone holds such a view, they usually don't truly understand how investing works and the Bitcoin cycle. Investing isn't a guarantee of instant profits. The higher the amount of money we invest and the potential for long-term returns, the higher the risk they face. People who want to get rich quick often get caught up in speculation, which is more like gambling than their initial investment goal. If someone truly understands how Bitcoin works, they're likely to be more patient and focus on long term goals rather than short term ones.

[Eze BTC]

Many of today investors see such life span as impossible. They want quick profit but don't realise that there's more on the long term goal. A 4 years investment range will not yield you realistic profits or return.

you need to give it time to yield. During this period, you as well will take your time to continue accumulating nonstop. That's how to grow realistic profits.

I assume that if someone holds such a view, they usually don't truly understand how investing works and the Bitcoin cycle. Investing isn't a guarantee of instant profits. The higher the amount of money we invest and the potential for long-term returns, the higher the risk they face. People who want to get rich quick often get caught up in speculation, which is more like gambling than their initial investment goal. If someone truly understands how Bitcoin works, they're likely to be more patient and focus on long term goals rather than short term ones.

The bitcoin market is sweet and the best we have witnessed so far. Going into with one's entire income would make one think otherwise. It has been warned by experts that discretionary income should be invested. One can't just put in everything he's got in the market and call that a smart investment. That's risky. Anyhow that most go into the market must first understand its volatile nature and to enjoy the market, people shouldn't go beyond their discretionary income.

[Hardyrobust]

Many of today investors see such life span as impossible. They want quick profit but don't realise that there's more on the long term goal. A 4 years investment range will not yield you realistic profits or return.

you need to give it time to yield. During this period, you as well will take your time to continue accumulating nonstop. That's how to grow realistic profits.

I assume that if someone holds such a view, they usually don't truly understand how investing works and the Bitcoin cycle. Investing isn't a guarantee of instant profits. The higher the amount of money we invest and the potential for long-term returns, the higher the risk they face. People who want to get rich quick often get caught up in speculation, which is more like gambling than their initial investment goal. If someone truly understands how Bitcoin works, they're likely to be more patient and focus on long term goals rather than short term ones.

yes investing in bitcoin doesn't mean it is bound to be successful. There are risk involved in bitcoin investment, some person do think that as long as they are investing in bitcoin that they are guarantee of success at the end of there investment timeline. Long term holding promise more success and less risky when compared to short term. This is the reason why holding bitcoin for a long term should all investors major focus .

[red4slash]

Many of today investors see such life span as impossible. They want quick profit but don't realise that there's more on the long term goal. A 4 years investment range will not yield you realistic profits or return.

That's a sign that they still don't realize that in the end the duration of time will be the determinant in the investment made so that this actually for bitcoin cannot be an offer because when we want optimal results, it is certainly the long term that must be used as a reference as the initial standard in ideal investing, just because they are ambitious to get instant profits but do not realize the risks involved, it is clearly not something that can be continued as long as they do not change their mindset.

4 years is actually still possible because this becomes 1 halving period if we calculate roughly but if you really want more then it is also not a bad thing but when talking about ideal or not then things like this go back to our own mental readiness in the end.

[SmartCharpa]

Everyone here is suggesting DCA method i.e. buying weekly or monthly. But I don't get regular income. My income comes after 3 to 4 months or more, in that case how can I maintain DCA consistency?

Even without regular income someone can still adopt the  DCA strategy and this is how it works. Whenever you get money and you have gotten all the necessary stuffs you need, it will now remain discretionary funds  From that discretionary funds you can save some money that you will using to buy Bitcoin regularly, either monthly or weekly but only if the money is much but If it is small amounts, it will be better for you to just buy whenever money comes into your hand. Even with that, you can be getting Bitcoin at different price levels, and that is even the purpose of DCA. Because price changes are the reason why we are always advised to buy regularly,so we can be buying at different price.

That’s the power of the DCA method, when you have the funds and the knowledge to invest, the individuals can do it whether weekly or monthly. You’re right, even without a stable income, you can invest with the little cash you can afford. For EchoPreneure, since his income is like 4 months or more, he should set a side a discretionary income to invest the little he can afford monthly, he can do this before receiving his next salary to continue his investment.

The bitcoin market is sweet and the best we have witnessed so far. Going into with one's entire income would make one think otherwise. It has been warned by experts that discretionary income should be invested. One can't just put in everything he's got in the market and call that a smart investment. That's risky. Anyhow that most go into the market must first understand its volatile nature and to enjoy the market, people shouldn't go beyond their discretionary income.

We cannot outsmart the market to invest our savings all at once. That’s very risky for everyone to think they are doing the right thing. A lot of people might try this way since the market does not stay in one place, maybe they believe taking advantage of the opportunity at one time is the best option since they will not have to worry about buying another time. But the best option is to invest after we have solved some things, we can then use the remaining cash to invest gradually, instead of doing all at once.

[Fuso.hp]

A real investor, instead of prioritizing unnecessary things, creates a proper financial management so that he can continue investing comfortably while meeting his personal and family needs. Earning more money does not mean that your life will become easy. Even if you pour water into a broken bucket all day long, it will not be filled because a broken bucket cannot hold water. Similarly, an unaccountable person, no matter how much he earns, cannot retain it or use it properly. In our lives, the needs and situations are constantly changing, and if someone is not conscious about the money he earns, it will have a negative impact on his life later.

If we pour water all day into a broken bucket, the bucket will not fill up. This means that you clearly want to convey that if we do not keep our investment wallet safe and keep only Bitcoin in that wallet, then that investment will not be of any use to us. I will completely agree with you, choosing the right wallet and protecting the privacy of the wallet is more important than having the right plan, the right point and consistency for investing. Now if I use an extension wallet and if I continue to invest there continuously, then I select an exchange wallet for investment at any time, but our choice is not correct because the exchange wallet can be suspended at any time and once it is suspended, it is very difficult to regain access to that wallet, so we should always refrain from using all these wallets.
In order to continue long-term investment and maintain investment, we need to select a wallet whose security system is very good and where our investment will be protected.

[yixichloro2xx]

A real investor, instead of prioritizing unnecessary things, creates a proper financial management so that he can continue investing comfortably while meeting his personal and family needs. Earning more money does not mean that your life will become easy. Even if you pour water into a broken bucket all day long, it will not be filled because a broken bucket cannot hold water. Similarly, an unaccountable person, no matter how much he earns, cannot retain it or use it properly. In our lives, the needs and situations are constantly changing, and if someone is not conscious about the money he earns, it will have a negative impact on his life later.

The bold statement doesn't apply to everyone because not everyone is so careless on spending or how they use their money, if I earn more money than I'm earning now in the nearest future I will be so developed and financially stable and I will also prioritize my Bitcoin accumulation because I believe so much in Bitcoin and I know for sure that if something doesn't go wrong I will be among those that will celebrate their success in Bitcoin investment and I hope and believe nothing will go wrong. Being careless is a mindset and a choice and like I said not everyone has that mindset and choice of being careless because they want their tomorrow to be better than today.

In fact, the amount of money can never be a barrier to investment. Bitcoin has this advantage that no matter how small the amount is, a person can invest regularly on a weekly or monthly basis and even if the amount is only $10. But the problem arises when a person cannot maintain this regularity of investment. In this case, there can be two reasons, if the person does not have a stable income or does not have financial management. If there is no stable income, then there is no guarantee of regular investment and even his basic expenses are not guaranteed. And if there is no financial management, then money may run out to meet urgent needs, or an emergency situation may actually cause the investment to be broken. So, no matter how much investment mentality there is, if there are no financial awareness and habits, it is not possible to continue investing in the long term even if you start.

You are right about that, it's not only about the money alone rather it's our consistency and planning. A person that has small funds can buy Bitcoin, but without steady source of income or good money habit (i.e spending extravagantly on unnecessary things) , it can hinder someone in terms of investing in Bitcoin consistently. Emergencies and poor planning will always interrupt the process. Long term investing requires someone who has self control or discipline, has plan and invest with the amount of money you know you can afford. And the trust it is very easy to start investing but staying consistent is the real challenge.

[JayJuanGee]

... I will also prioritize my Bitcoin accumulation because I believe so much in Bitcoin and I know for sure that if something doesn't go wrong I will be among those that will celebrate their success in Bitcoin investment and I hope and believe nothing will go wrong. Being careless is a mindset and a choice and like I said not everyone has that mindset and choice of being careless because they want their tomorrow to be better than today.

Take a breathe of fresh air dude and feel fly confidently as eagle in the air  with your bitcoin investment, cause nothing bad is going to happen to bitcoin in the future. See the bitcoin  dominance and it penetration into the macroeconomy is overwhelming that the governments, corporate entities and institutions has to adopt as strategic reserve. If there was any signals that something was going to be wrong these big players like Micheal Saylor will not go aggressive with their accumulation of their bitcoin investment. Stay anchored to your long term investment vision and be impervious to the fears.

It seems like you guys are really enthusiastic about this discussion and talking about how BTC has great potential in the future and won't disappoint you. If you have that kind of mindset, then you are definitely amazing people, and I enjoy reading your passionate posts. Yes, hopefully we can be more successful in the future by investing in BTC. Indeed, we don't need to be afraid to invest in BTC, even though investing in BTC is risky. However, as long as we use discretionary income, there is nothing to fear because it does not affect our real-world economy. Yes, famous people and companies have already bought BTC, and that indicates that BTC has great potential in the future. Now is a good opportunity for us to continue DCA because we don't want others to get ahead of us since BTC is a rare asset.

I doubt that we need to invest into bitcoin based on fears that others are going to get ahead of us, but instead, bitcoin seems to be a great place to invest and store value - even though you are correct with your implication that we seem to be quite early to bitcoin, so part of the reason that bitcoin is likely to continue to go up quite a bit for us, rather than for people who enter later, is that there is an ongoing advantage in regard to getting started earlier rather than later...

and some advantage in regards to both identifying bitcoin as a good place to put time, energy and value and to also act upon our asymmetric knowledge since an overwhelming majority of normies (to the extent that they have even heard about bitcoin) either do not know what bitcoin is or they have incorrect ideas in regards to what bitcoin is so in that sense earlier investors are advantaged by their asymmetric knowledge.

[Showlove01]

... I will also prioritize my Bitcoin accumulation because I believe so much in Bitcoin and I know for sure that if something doesn't go wrong I will be among those that will celebrate their success in Bitcoin investment and I hope and believe nothing will go wrong. Being careless is a mindset and a choice and like I said not everyone has that mindset and choice of being careless because they want their tomorrow to be better than today.

Take a breathe of fresh air dude and feel fly confidently as eagle in the air  with your bitcoin investment, cause nothing bad is going to happen to bitcoin in the future. See the bitcoin  dominance and it penetration into the macroeconomy is overwhelming that the governments, corporate entities and institutions has to adopt as strategic reserve. If there was any signals that something was going to be wrong these big players like Micheal Saylor will not go aggressive with their accumulation of their bitcoin investment. Stay anchored to your long term investment vision and be impervious to the fears.

It seems like you guys are really enthusiastic about this discussion and talking about how BTC has great potential in the future and won't disappoint you. If you have that kind of mindset, then you are definitely amazing people, and I enjoy reading your passionate posts. Yes, hopefully we can be more successful in the future by investing in BTC. Indeed, we don't need to be afraid to invest in BTC, even though investing in BTC is risky. However, as long as we use discretionary income, there is nothing to fear because it does not affect our real-world economy. Yes, famous people and companies have already bought BTC, and that indicates that BTC has great potential in the future. Now is a good opportunity for us to continue DCA because we don't want others to get ahead of us since BTC is a rare asset.

I doubt that we need to invest into bitcoin based on fears that others are going to get ahead of us, but instead, bitcoin seems to be a great place to invest and store value - even though you are correct with your implication that we seem to be quite early to bitcoin, so part of the reason that bitcoin is likely to continue to go up quite a bit for us, rather than for people who enter later, is that there is an ongoing advantage in regard to getting started earlier rather than later...

You are absolutely correct and that is where some people get it wrong, once the mindset that someone will invest more or someone will be ahead of you in Bitcoin investment at that moment you have started putting yourself in a pressure and if you try to invest more than them when you don't have the capacity, your investment will be in a Chaos because it will then be like a competition and funny enough you will be the one fighting and competing with yourself because the next person doesn't care and they have the capacity.

[Rhow]

The bitcoin market is sweet and the best we have witnessed so far. Going into with one's entire income would make one think otherwise. It has been warned by experts that discretionary income should be invested. One can't just put in everything he's got in the market and call that a smart investment. That's risky. Anyhow that most go into the market must first understand its volatile nature and to enjoy the market, people shouldn't go beyond their discretionary income.

This is not just the advice of experts, it is a very common thing, if a person uses his entire income in investment, how will he meet his daily needs? Investing in Bitcoin is still a big opportunity for us. Because after a few years, Bitcoin will be so expensive that today's market price will seem very cheap. So it is wise to start investing small from now without regretting in the future.

But, no matter how big an asset Bitcoin is, if we cannot save Bitcoin, then it will remain just a dream. So we have to make our dream a reality. For this, we need to start investing small. There are a lot of people in our society who have misconceptions about Bitcoin. There are still many people around us who are ignorant about Bitcoin. But those of us who are associated with the Bitcoin world know what Bitcoin is basically, how huge its future is. So we have to start investing in Bitcoin by following the right rules.

We need to keep in mind some very simple things to make Bitcoin investment long-term. While investing in Bitcoin, we cannot be just aggressive like the ignorant. We will first need a regular source of income. We will have to extract a discretionary income from the regular source of income. And along with this, we will have to keep an emergency fund and a reserve fund.

By keeping these few things in mind, even if we invest a very small amount of money regularly after a certain period of time, we will be able to get the expected savings and returns after a few cycles. So, we have to be patient rather than aggressive when investing in Bitcoin.

[Jewan420]

You are absolutely correct and that is where some people get it wrong, once the mindset that someone will invest more or someone will be ahead of you in Bitcoin investment at that moment you have started putting yourself in a pressure and if you try to invest more than them when you don't have the capacity, your investment will be in a Chaos because it will then be like a competition and funny enough you will be the one fighting and competing with yourself because the next person doesn't care and they have the capacity.

Competing with others is not a bad idea, it might be a good idea if your competitors and you are in the same financial structure and limit yourself to what you can afford. Investing more than you can afford is always a bad move, whether it is to compete or to be influenced by the market. But if you start accumulating Bitcoin by competing with yourself, your portfolio will grow relatively quickly and your interest in investing will increase. In today's world, you will be able to come out of your shell and fight to grow through competition. The warning is, do not forget your own capabilities.

[Bigjoe33]

The bitcoin market is sweet and the best we have witnessed so far. Going into with one's entire income would make one think otherwise. It has been warned by experts that discretionary income should be invested. One can't just put in everything he's got in the market and call that a smart investment. That's risky. Anyhow that most go into the market must first understand its volatile nature and to enjoy the market, people shouldn't go beyond their discretionary income.

This is not just the advice of experts, it is a very common thing, if a person uses his entire income in investment, how will he meet his daily needs? Investing in Bitcoin is still a big opportunity for us. Because after a few years, Bitcoin will be so expensive that today's market price will seem very cheap. So it is wise to start investing small from now without regretting in the future.

But, no matter how big an asset Bitcoin is, if we cannot save Bitcoin, then it will remain just a dream. So we have to make our dream a reality. For this, we need to start investing small. There are a lot of people in our society who have misconceptions about Bitcoin. There are still many people around us who are ignorant about Bitcoin. But those of us who are associated with the Bitcoin world know what Bitcoin is basically, how huge its future is. So we have to start investing in Bitcoin by following the right rules.

We need to keep in mind some very simple things to make Bitcoin investment long-term. While investing in Bitcoin, we cannot be just aggressive like the ignorant. We will first need a regular source of income. We will have to extract a discretionary income from the regular source of income. And along with this, we will have to keep an emergency fund and a reserve fund.

If we keep to your instructions or thoughts here, that means that those who do not have a work or job that pays reguraly wouldn't invest in Bitcoin. There are those who do not get a regular pay, and there income are not fixed. Maybe there Jobs are on contract and doesn't come always, or maybe they do daily Jobs, and sometimes they might not have the opportunity to work for some days, or sometimes illness too. So these set of people may not have regular income, but I still feel that they can investing bitcoyas they can afford. I believe if they are interested in bitcoin investment, they can, after receiving there pay for there day's job, or after executing a contract as the case maybe, they can figure out there discretionary from such pay and then invest as they deem fit using the DCA strategy. And such investors will always work with flexibility since there Income is not always regular. So I feel they can still be investors even though they are not regular in receiving there pay it income.

[JayJuanGee]

... I will also prioritize my Bitcoin accumulation because I believe so much in Bitcoin and I know for sure that if something doesn't go wrong I will be among those that will celebrate their success in Bitcoin investment and I hope and believe nothing will go wrong. Being careless is a mindset and a choice and like I said not everyone has that mindset and choice of being careless because they want their tomorrow to be better than today.

Take a breathe of fresh air dude and feel fly confidently as eagle in the air  with your bitcoin investment, cause nothing bad is going to happen to bitcoin in the future. See the bitcoin  dominance and it penetration into the macroeconomy is overwhelming that the governments, corporate entities and institutions has to adopt as strategic reserve. If there was any signals that something was going to be wrong these big players like Micheal Saylor will not go aggressive with their accumulation of their bitcoin investment. Stay anchored to your long term investment vision and be impervious to the fears.

It seems like you guys are really enthusiastic about this discussion and talking about how BTC has great potential in the future and won't disappoint you. If you have that kind of mindset, then you are definitely amazing people, and I enjoy reading your passionate posts. Yes, hopefully we can be more successful in the future by investing in BTC. Indeed, we don't need to be afraid to invest in BTC, even though investing in BTC is risky. However, as long as we use discretionary income, there is nothing to fear because it does not affect our real-world economy. Yes, famous people and companies have already bought BTC, and that indicates that BTC has great potential in the future. Now is a good opportunity for us to continue DCA because we don't want others to get ahead of us since BTC is a rare asset.

I doubt that we need to invest into bitcoin based on fears that others are going to get ahead of us, but instead, bitcoin seems to be a great place to invest and store value - even though you are correct with your implication that we seem to be quite early to bitcoin, so part of the reason that bitcoin is likely to continue to go up quite a bit for us, rather than for people who enter later, is that there is an ongoing advantage in regard to getting started earlier rather than later...

You are absolutely correct and that is where some people get it wrong, once the mindset that someone will invest more or someone will be ahead of you in Bitcoin investment at that moment you have started putting yourself in a pressure and if you try to invest more than them when you don't have the capacity, your investment will be in a Chaos because it will then be like a competition and funny enough you will be the one fighting and competing with yourself because the next person doesn't care and they have the capacity.

Of course, some folks want to have some reason of competition to inspire themselves to do better, yet like you suggested, it can be problematic to be measuring ourselves in terms of others rather than just figuring out our own boundaries and perhaps trying to be a better version of ourselves and/or trying to set reasonable self-standards to improve ourselves without overdoing it (perhaps within our personal factors), since it is not good if we lose track of our own parameters, and sure it is possible that we are analyzing ourselves and the various ways to improve and we also might analyze aspects of bitcoin as compared with other places that we might be choosing to put our time, energy and value.. .and sometimes we might have to go through some of the processes in order to figure out if there might be any ways that we might choose to tweak and/or improve any of the things that we are choosing to do.

[ejikeme24]

Of course, some folks want to have some reason of competition to inspire themselves to do better, yet like you suggested, it can be problematic to be measuring ourselves in terms of others rather than just figuring out our own boundaries and perhaps trying to be a better version of ourselves and/or trying to set reasonable self-standards to improve ourselves without overdoing it (perhaps within our personal factors), since it is not good if we lose track of our own parameters, and sure it is possible that we are analyzing ourselves and the various ways to improve and we also might analyze aspects of bitcoin as compared with other places that we might be choosing to put our time, energy and value.. .and sometimes we might have to go through some of the processes in order to figure out if there might be any ways that we might choose to tweak and/or improve any of the things that we are choosing to do.

You're  right about this, most people often make this mistake of trying to measure themselves with other investors when they already know that they are far more better than them, instead of to admit and just focus on figuring out their boundaries in other not to be affected yet they will allow pride to mess things up for them. Forgetting that there's zero competition in Bitcoin investment, however an investor is advised to invest within his discretionary income, in no account should we think of going beyond our discretionary income to invest else, we will end up messing our investment up. So it high time we understand this and just maintain our boundaries.

[Nightwatchmare]

A real investor, instead of prioritizing unnecessary things, creates a proper financial management so that he can continue investing comfortably while meeting his personal and family needs. Earning more money does not mean that your life will become easy. Even if you pour water into a broken bucket all day long, it will not be filled because a broken bucket cannot hold water. Similarly, an unaccountable person, no matter how much he earns, cannot retain it or use it properly. In our lives, the needs and situations are constantly changing, and if someone is not conscious about the money he earns, it will have a negative impact on his life later.

Someone that wants to invest in Bitcoin should not prioritize unessential things because they will not add meaning to the person's life and they can distract the person from investing in Bitcoin. Prioritizing essential things should be the way of Bitcoin investors, as it is the only means to comfortably invest in Bitcoin and hold Bitcoin for a very long time without thinking about selling it prematurely. We need money every day of our lives, so earning more money will make our lives become more easy because money will help us to get most things at ease, but we should not live a reckless life because there are things money cannot solve.

[Jaksonhard]

You are absolutely correct and that is where some people get it wrong, once the mindset that someone will invest more or someone will be ahead of you in Bitcoin investment at that moment you have started putting yourself in a pressure and if you try to invest more than them when you don't have the capacity, your investment will be in a Chaos because it will then be like a competition and funny enough you will be the one fighting and competing with yourself because the next person doesn't care and they have the capacity.

Competing with others is not a bad idea, it might be a good idea if your competitors and you are in the same financial structure and limit yourself to what you can afford. Investing more than you can afford is always a bad move, whether it is to compete or to be influenced by the market. But if you start accumulating Bitcoin by competing with yourself, your portfolio will grow relatively quickly and your interest in investing will increase. In today's world, you will be able to come out of your shell and fight to grow through competition. The warning is, do not forget your own capabilities.

With proper management, competition can produce positive effects. Healthy competition allows people to work toward similar achievements without overextending themselves financially. People who use competition as motivation instead of simply trying to outdo each other with their spending or time investment can turn to other sources of motivation such as setting personal benchmarks and defining individual standards for themselves.