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Author Topic: Wetin be your plans for your Bitcoin after over accumulation?  (Read 324 times)
Callido
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Today at 02:59:10 PM
 #41

Na true you talk but e still get something wey we plan to use our BTC do, because that thing go fit actually be your source of motivation, when you remember am, you fit feel motivted to continue even when you feel like say make you give up eventually. For some, e fit be say their plan na to use the money take buy their dream house, some fit be to use establish a multi million firm or company, and others fit be say na wetin them wan just use attain financial freedom for life, but either ways, e good to identify wetin your plan be in time.
Sometime we invest without having budget it mind, it can be seen as a protection funds, the future is unpredictable, the economy does not also seem like getting better, having diverse investment is a good way to protect ourselves from probable hard times in the future if it comes to that.

It is some how difficult to assume Bitcoin giving profits capable of establishing a multi million firm, the chances are there but that has to be invested with a large capital, the profits i expect from Bitcoin is a reasonable one and not a life changing amount.

R


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marrcelo
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Today at 03:07:53 PM
 #42

my plan is simple. hold most of it for long term. maybe sell small parts during big pumps. i dont want to waste it too early. bitcoin stifeels like early days to me.  having some saved for the future is important. too many people regret selling everything fast.
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Today at 03:45:48 PM
 #43

Basically, when an investor invests in Bitcoin according to his plan and saves enough money and keeps it through Bitcoin, he must have a future plan. There are many people who do not mention their future plans here, but they invest in Bitcoin and hold it for a long time and try to fulfill their dreams with it when there is profit. Every person has a future dream and to fulfill that dream, money is definitely needed, although investing in Bitcoin is a good capital for the future when the market rises. If you want to invest in Bitcoin and hold it for a long time, then first of all you need a secure wallet for the safety of your money. Later, you can deposit Bitcoin with the money you save, this will give you long-term security. I think when you invest in Bitcoin, instead of waiting to build a large portfolio, rather keep buying small amounts in the DCA method, this will be said for your investment.

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Today at 04:50:52 PM
 #44

Talking of over accumulation of Bitcoin, I don't quite understand but if you talk about having a target for the amount of Bitcoin you want to accumulate within a certain period of time, then it's better understood. Take for example, Strategy, the company has been buying Bitcoin and they have a large accumulation and yet it's not over accumulation. What I'm just saying is that, if an investor always have the money to continue buying, they would be buy even if they might take profit at some point but they don't have any stage of over accumulation. If I had the money to accumulate more Bitcoin than I had, but right now I'm just buying accordingly to my financial status.

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Today at 05:26:08 PM
 #45

~
The template of greeting the local board before dropping body of the topic is unnecessary tbh.
Dis awa honourable mod, bi like persin wey nor go too like make people dey tuale to am in real life sha 🤔. For my place, even for church, dem go tell u sey greetings nor get overdose.
 
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Just as the popular phrase goes " Na who dey alive dey save money"
Apt! Persin nor go die where im dey try save money.

The truth be sey most people we dey shout investment did, investment dat, nor even get shigba Bitcoin investment. Na cruise dem dey catch. Na so somebodi here take talk bad about altcoins investment but d bros dey run am codedly outside forum.

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SPIDERMAN008
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Today at 05:39:23 PM
 #46

Talking of over accumulation of Bitcoin, I don't quite understand but if you talk about having a target for the amount of Bitcoin you want to accumulate within a certain period of time, then it's better understood. Take for example, Strategy, the company has been buying Bitcoin and they have a large accumulation and yet it's not over accumulation. What I'm just saying is that, if an investor always have the money to continue buying, they would be buy even if they might take profit at some point but they don't have any stage of over accumulation. If I had the money to accumulate more Bitcoin than I had, but right now I'm just buying accordingly to my financial status.
Your idea is correct. However, many people see the issue of over accumulation differently. According to them, there is a stage of Bitcoin holding where a person has accumulated such an amount of Bitcoin according to his age, time and Bitcoin valuation that even if he does not accumulate again, he can continue his life without chasing any income by just selling some Bitcoin regularly.

I have learned about this in great detail from JJG's investing idea. I have also heard similar opinions from a few people in real life. They think that if someone holds Bitcoin for the long term, especially until 2035 or more, then the price of Bitcoin can reach a point where it will be possible to live with that wealth for the rest of his life. Maybe this is what many people call over accumulation.

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