Maybe we have to try to control our inclinations to compete with others, since I think that there is a bit of an innate aspect to our wanting to compete with others, and some people become really obsessed with it.
There could be some healthy level of competition, and perhaps the more passive-aggressive forms of competition might be better when it comes to finances, since we have to be careful that we do not overdo it, even if we might want to be aggressive in our accumulation, if we end up screwing up, then that could cause us a lot of problems with the momentum of our progress, and it also might cause us psychological problems, too.
We might want to warn ourselves to be careful with our level of competition with others, and that it is better to just compete with ourselves, yet I am not sure if it is possible to completely remove our inclinations to want to compete.
Yes. It is true that people likes competition a very well and that urge is something that is very hard to completely remove. In my own opinion, I think that some competition are healthy. And some can be unhealthy. People should focus on the healthy competition.
Healthy competition is when people compete with their self by creating a plan for themselves that they will stick with no matter what. For example I can create a plan that every week I will be using DCA to purchase Bitcoin no matter if the price is up or down. Following this plan no matter what is a healthy competition that can yield a lot of benefits in future.
But unhealthy competition is someone tries to out-do what others are doing and trying to buy Bitcoin like them. Shits like that is what puts people into alot of pressure and stress that they many not be able to deal with.
If you want to compete against yourself, there are ways to attempt to measure your progress, so that you can see how you are advancing financially through your investing into bitcoin.
I personally like to create Excel spreadsheets in order to show my own financial progress, yet of course, it can be difficult to know the alternative financial paths that you might have had taken other than investing into bitcoin, since presumptively if you were not to be investing into bitcoin, then the money that you are putting into bitcoin would have had gone in other places, whether into other investments, consumption and/or savings... so it might not be easy to carry out an accurate comparison even though you can see how you progress over time, and sometimes the progress seems slow or it may even go into extended periods of negative before it goes back to positive (and it is not even guaranteed to return to positive).
Think about in recent times, if a guy had been investing into bitcoin for the past 2 years, then maybe he has invested more than $10k and maybe he has accumulated right around 0.137 BTC, so maybe his bitcoin holdings are not really in profits right now as compared to how much they seemed to have had been in profits in October when the BTC prices were $126k... Yet, it seems that guys who are new would still keep their eyes on the prize and continue to buy bitcoin, and sometimes it might take even more than a whole cycle to really start to feel that solid and meaningful progress is being made even though we cannot even be sure about that, and so part of the reason that we are likely investing in bitcoin for 10 years or longer is that we consider that the odds are pretty decent that we will be better off for our having had invested into bitcoin as compared with if we had not invested into bitcoin... so we just keep plugging away, buying as much as we reasonably can while making sure that we are not putting our finances at risk or putting our bitcoin holdings at risk.
