Overcoming procrastination in bitcoin investment

[Donk1]

Greetings my fellow Nigeria folks.
So the idea of doing it later or waiting for the right time which are all considered procrastination, has become a bad habit for some Bitcoin investors especially the newbies. And If not stopped it can cause a huge setback in their investment. This is because procrastination can make an investor miss out on opportunities when a stock's value is rising, all based on their idea of waiting for the right time to buy.
As a matter of fact, most of them do this to try to avoid risk, which is impossible. Instead of that they can actually apply the DCA dollar cost averaging strategy to help minimize risk in their investment. This is also one of the best ways to avoid procrastination and can even prevent you from trying to time the market. That is why when investing the longer you wait, the less time your money has to grow. most times procrastinating might be caused by panic or emotional issues that makes some Bitcoin investors hesitate when they are supposed to invest Because of that many of them even make wrong choices when investing. For example selling everything in a market downturn or even buying into speculation without doing proper analysis of their investment.

Overcoming Procrastination in Investing :

The first step in overcoming this mind set is to remind yourself why you are investing and what's the purpose of your hard work that is something that an investor should set for their long term goal, which will help them stay disciplined and also give them the courage to take action.
Secondly, DYOR do your own research and try to convince yourself by taking action. You must also give yourself time to create a financial calendar for investment purposes, especially if you think you don't have time to regularly check your portfolio or research new investment opportunities. That is why investors must always have a plan because it is essential to start small if you still have that procrastinating mindset.
My advice is this always remember that the most valuable investment you can ever make as a Bitcoiner is the one you make in yourself. By educating yourself, creating a good plan, and always taking action with that you can overcome every procrastinating mindset.
Thanks for your time folks.

[Creeper0]

I don't see much similarity between your topic title and your discussion and I think this post is just a repetition.

However, the strategy of hiring an advisor for investment is not bad. But it would be best if that advisor only teaches you about investing and educates you about investing. His work should not go to your actions and not to your investment funds. When an advisor's work is more than necessary, it will be negative for investment. Because you don't know who wants your good and who wants your bad.

So an advisor can be effective for learning about investing, but hiring an advisor for taking action is nothing but foolish. Because you are entrusting the security or confidentiality of your investment to a person. Educate yourself and invest based on your own decisions.

[DiMarxist]

People are doing procrastination on the investment of bitcoin because of their financial capacity and the quality they want. Example. If you 100k to buy Bitcoin when the price is $122k the unit you go get will not much but if you buy am when the price e dey down like $70k and u use the 100k to buy am, the unit go dey okay.
But you can also use DCA approach to buy weekly. And with this you doing look at the price of Bitcoin but how many you go get in the long run.

[Callido]

However, the strategy of hiring an advisor for investment is not bad. But it would be best if that advisor only teaches you about investing and educates you about investing. His work should not go to your actions and not to your investment funds. When an advisor's work is more than necessary, it will be negative for investment. Because you don't know who wants your good and who wants your bad.

An advisor to do what? Investing in Bitcoin is not a big deal eh just make sure say you guide reach to buy come join with extra knowledge you get about the market. The way i see Bitcoin na to buy and hold, nothing much they needed to come carry advisor as na simple thing, buy when the price dey low then hold till e top up enough as you want before selling, investors wey go like DCA go just invest wetin dey get  then wait for the market to do him part.

I agree say procrastination na bad something, my advise be say we fit no dey opportuned to catch Bitcoin for him lowest price so make investors try dey apply strategy and follow am wella, two strategies combined go make investment stand out more, as soon the price of Bitcoin begin drop, make the investor buy in larger size, this strategy na both DCA and Buying from DIP combined together.