What should be your primary goal with your bitcoin investment?

[Ever-young]

One common mistake that a lot of people make is that they step into that market without having any targets...Even though you are focusing on long term investments this doesn't mean that you should just accept  whatever that comes, have a target and when you hit it do not get greedy...this is another thing to take not of, it's possible that you might end up losing if you start exceeding your target

I don't agree as far as Bitcoin accumulation is concerned there is no amount of Bitcoin that an individual will acquire that will be enough what you should be talking about is your financial limitations but to be giving yourself a target to meet is like putting limitations to your bitcoin accumulation journey. Bitcoin is a future currency that is still yet be fully appreciated by many even those into it so now that Bitcoin is still available and easily accessible it good that an investor should acquire as much as your finances can allow you.

Inasmuch as bitcoin is the future of digital investment and in fact one of the best investment options, the fact still remains that at some point one must have to diversify their investment too. What am i driving at? before staring one's bitcoin journey, there should always be a goal, and most of the times, this goal is to gain financial freedom, and since everyone has their own financial condition, different people have their own difinition or view of what financial freedom is. so if an individual has already reach that level (which in order words is called a state of overaccumulation) then of course he has reached or achieved his initial financial goal and so would have to create room for diversification. and instead of continuing to accumulate, they'll now focus more on maintaining their portfolio through strategic withrawal, and at this point, the investor is no longer accumulating bitcoin as he has already gone passed the accumulation phase of bitcoin investment.

[Cryptoprincess101]

One common mistake that a lot of people make is that they step into that market without having any targets...Even though you are focusing on long term investments this doesn't mean that you should just accept  whatever that comes, have a target and when you hit it do not get greedy...this is another thing to take not of, it's possible that you might end up losing if you start exceeding your target

I don't agree as far as Bitcoin accumulation is concerned there is no amount of Bitcoin that an individual will acquire that will be enough what you should be talking about is your financial limitations but to be giving yourself a target to meet is like putting limitations to your bitcoin accumulation journey. Bitcoin is a future currency that is still yet be fully appreciated by many even those into it so now that Bitcoin is still available and easily accessible it good that an investor should acquire as much as your finances can allow you.

I think you have a misinterpretation of what @DaNNy001 is trying to say because from what i understand, the target he meant is about the profit and not the amount of accumulation. Someone can set a target that if he is able to get a profit of x2 of their total accumulation that he will take profits from it. Then let me come to your own perspective which is centering on limiting oneself from accumulating more if the target of accumulation has been met. Of course, setting a target of accumulation is good because it helps you aim at a figure, and it also helps you to be steadfast while accumulating which in such case if you are using the DCA method to accumulate you won't like to miss out any time of your DCA except your income is no longer coming as usual. If you reach your target of accumulation and still decide to over accumulate beyond your target, it's still good but let it be that you have met the target you aimed at which is how to know how progressive you have been in your investment.

[Princess Leah]

Op from the context of your thread, I don't think that should be the primary goal of a Bitcoin investor.For a Bitcoin enthusiast, the primary goal is to make a profit. You've emphasized long-term investment, but then deviated into short-term investment, and we know those two approaches are different.What I'm trying to say is that a Bitcoin enthusiast should intend to hold onto their coins long-term.If the price appreciates before the desired time and they withdraw, that's a short-term target.Ironically, many investors lack a clear target, which is why they're swayed by price fluctuations. As a long-term holder, you should focus on achieving long-term rewards without being distracted by Bitcoin's price volatility.

Yes, in general the primary goal of every Bitcoin investor is to hold for long-term and make profit in the future, anyways every investor personally have their targets, for the newbies, their major target and goal should be accumulating consistently for a longer period until they've built a wealthy portfolio before thinking of taking profits.

 While the goal of a long-term hodler differs, since the person has held for long their goal is to protect what they've invested for years then choose to take some portions of it to diversify into other investment options, that's why i said every investor have their goals.

[Scarlett_23]

We should not be greedy when we have a better profit. We should take partial or full profit and stop chasing huge profits if we can’t hold for a longer time to reach that target of huge profit we have in mind. The market is not friendly always and Bitcoin is a very volatile asset. Any profit you get is your benefit from the Bitcoin investment. The more you think you need huge profit, the more the market may not move smoothly sometimes in your favour at when you wanted it the most to reach a certain price you want to take profit for.

Bitcoin, which has been around since 2009, has become very valuable over time. That is why the whole world is watching it. Therefore, you should never lose this wealth by investing without a goal due to fear or greed. It is more important to think about long-term investment rather than setting your goal with the market going up and down. Before investing, you should also keep in mind that Bitcoin is not a way to get rich quick. Again, it is not right to sell immediately after investing, even if you see a profit. You should first focus on your goal, how much profit will I sell if I make it.

On the other hand, if the goal of investment is trading, then it must be done according to the rules and with a plan. Bitcoin trading is not a bad thing. Bitcoin trading boosts the Bitcoin market. Therefore, everyone should go their own way to implement their own goals.