Bitcoin Investment Shouldn’t Be Considered a Competition Between Folks

[Biggeno]

There are many a time me and my guys talk about Bitcoin investment and the success rate of their investment so far, often time, they’ll be like, I’ve been able to accumulate this amount of bitcoin how about you, others would be like, I wasn’t able to accumulate that much this month and/or this week base on bills I sorted out.
The next thing most of the investors in my demographic will say is, you didn’t make plans for the next month and/or you didn’t set your priorities toward accumulating during the weekend or month end.

At the end of the next month and/or week, the others will be in agitation to be able to meet up with their guys accumulating percentage, forgetting that (my parent will always use the analogy”not all fingers are equal to explain how different we are from others”) their source of income varies. Putting yourself on pressure just to meet up with your guys might lead to a guy investing with more than his discretionary fund, which we all know might lead to a guy selling his bitcoin at a time that is not of his own choosing.

I’ve come to understand that allowing oneself to be motivated by other persons achievement towards your line of action is not a bad idea, almost is a good start up point, but when you know within yourself that it’s not yet within your capacity to invest with the amount they’re able to sort out as discretionary fund for investment, it’s advice that’s you keep investing at your own pace and stop trying to prove to others what might end up as a disaster in your own path to success.

[Richbased]

Bitcoin investment is not a competition but if you find yourself in a circle that takes their bitcoin accumulation seriously, you should also try to be gingered to accumulate along with them even though your portfolios might not be the same but just try as much as possible to get motivated by their consistency. Accumulating along with them do not mean that you will have to overlabor yourself to achieve it, let it be within your convenience and with an amount that you can afford to lose.

Life is not a competition, investment is not also a competition but there's a motivation that comes when your mates and your friends are striving for success.

[Sammye3]

There is no pressure to investing in bitcoin, though it is a nice initiative with your friends but compromising necessities to accumulate more Bitcoin is not the best decision because survival is more important than investment. You could skip investing in bitcoin for the week, whatever amount is okay, no need to compete or compare.

Like you mentioned, "all fingers are not equal" so this should serve as a guide for general reference. Do not compete, and stay within your limits.

[Hypnotizer]

There are many a time me and my guys talk about Bitcoin investment and the success rate of their investment so far, often time, they’ll be like, I’ve been able to accumulate this amount of bitcoin how about you, others would be like, I wasn’t able to accumulate that much this month and/or this week base on bills I sorted out.
The next thing most of the investors in my demographic will say is, you didn’t make plans for the next month and/or you didn’t set your priorities toward accumulating during the weekend or month end.

I personally wouldn’t like to share the amount of bitcoin I’ve accumulated within a week/month/year with someone else, especially a friends group. Bitcoin investment is a personal race and I see no reason for competition in this kinda situation because your level of risk tolerance differs from that of your friends, they might even have some backup plans for their investments which you don’t. So competition in bitcoin investment or any other investment is totally wrong in my opinion.

-snip

Yes everyone has a different path to success and if you try to follow someone’s path, you might end up failing and that’s why you should assess yourself, your income and other factors to know how to go about your investment and abolish that competition “with friends”.

[Hewlet]

I’ve come to understand that allowing oneself to be motivated by other persons achievement towards your line of action is not a bad idea, almost is a good start up point, but when you know within yourself that it’s not yet within your capacity to invest with the amount they’re able to sort out as discretionary fund for investment, it’s advice that’s you keep investing at your own pace and stop trying to prove to others what might end up as a disaster in your own path to success.

As friends that are in the same ecosystem, it is normal to interfere to a reasonable extent in each others investment affairs' but clearly boundaries should be set such that the interference is an healthy one and you are not pushed to invest with what you can not afford to loose. If there is a common goal you have set with your friends and there is some sort of argument that you all are going to attain certain feet at a certain time, then it is understandable to go at anyone that is relaxing on his investment plan. i guess that is supposed to ginger the other party to step up and work on be more intentional about his investment plan.

[Joeboy]

There is no pressure to investing in bitcoin, though it is a nice initiative with your friends but compromising necessities to accumulate more Bitcoin is not the best decision because survival is more important than investment. You could skip investing in bitcoin for the week, whatever amount is okay, no need to compete or compare.

Like you mentioned, "all fingers are not equal" so this should serve as a guide for general reference. Do not compete, and stay within your limits.

I mean why would someone even want to consider Bitcoin a competition.. It's so unwise, coz not everyone has the same financial capacity/strength, some folks only get there discretionary income from inconsistent source while some earns consistently though the amount is very small.. If that's the cases it would make no sense  for the two guys to begin competition with themselves on who tends to achieve over-accumulation... So a better approach will be for them to invest according to their financial capacity so as not to get burned while in the process of their investments...

[Anayochukwu]

There are many a time me and my guys talk about Bitcoin investment and the success rate of their investment so far, often time, they’ll be like, I’ve been able to accumulate this amount of bitcoin how about you, others would be like, I wasn’t able to accumulate that much this month and/or this week base on bills I sorted out.
The next thing most of the investors in my demographic will say is, you didn’t make plans for the next month and/or you didn’t set your priorities toward accumulating during the weekend or month end.

At the end of the next month and/or week, the others will be in agitation to be able to meet up with their guys accumulating percentage, forgetting that (my parent will always use the analogy”not all fingers are equal to explain how different we are from others”) their source of income varies. Putting yourself on pressure just to meet up with your guys might lead to a guy investing with more than his discretionary fund, which we all know might lead to a guy selling his bitcoin at a time that is not of his own choosing.

I’ve come to understand that allowing oneself to be motivated by other persons achievement towards your line of action is not a bad idea, almost is a good start up point, but when you know within yourself that it’s not yet within your capacity to invest with the amount they’re able to sort out as discretionary fund for investment, it’s advice that’s you keep investing at your own pace and stop trying to prove to others what might end up as a disaster in your own path to success.

All I see in this conversation between you and your guys is nothing but motivation and not pressure, they say, surround you with people that pushes you to be a better version and that is exactly what you have there. You are an adult and you should know that not every hands are equal and if you don't have enough to accumulate like your friends you can easily tell them the reason why you were not able to accumulate that much and they won't force you to do so because obviously you don't have the funds, Bitcoin investments be a competition because Bitcoin and its risk is enough for your mind to handle rather than bothering yourself with unnecessary pressure and as an adult I know my limits and where to draw the line.

[Marykeller]

All hands are not equal so to say, that means everyone capacity and target of investing in Bitcoin will not be the same. Anyone who's competing him or herself with someone else is just wasting their time and strength because there's no way they will take away the profits or losses of the person they know to be theirs. The profits or losses we all have are individually, not something to be praised or castigate each other on because we are investing in crypto with our own money

[DiMarxist]

What is the essence of competing with others, it makes no sense to me. Anyone with this type of mentality is not in his clear mindset and may not likely it through with his investments in terms of holding for a long time. Why will you be comparing yourself with others, in the area of investment, you can't give what you don't have I can't invest money that I don't have. You can only invest from the discretionary funds at your disposal so if someone earn more money than you there is high probability of such a person investing more to Bitcoin than you.

[Brilliant1]

Bitcoin investment is not a competition but if you find yourself in a circle that takes their bitcoin accumulation seriously, you should also try to be gingered to accumulate along with them even though your portfolios might not be the same but just try as much as possible to get motivated by their consistency. Accumulating along with them do not mean that you will have to overlabor yourself to achieve it, let it be within your convenience and with an amount that you can afford to lose.

Life is not a competition, investment is not also a competition but there's a motivation that comes when your mates and your friends are striving for success.

no need to over labour yourself because it is not by force to invest in cyppto and always invest with what you have and with what will not Pain you and hope full for the future for example I invested in pinkcoin,me,my friend and my elder brother in year 2020, I was the one who paid the money but the site is no where to be found but I keep encouraging them that it will come up in the future because it is an investment and not a do or die or comparism some thing always be positive and focus.

[Big Dirams]

Bitcoin investment is not a competition but if you find yourself in a circle that takes their bitcoin accumulation seriously, you should also try to be gingered to accumulate along with them even though your portfolios might not be the same but just try as much as possible to get motivated by their consistency. Accumulating along with them do not mean that you will have to overlabor yourself to achieve it, let it be within your convenience and with an amount that you can afford to lose.

Life is not a competition, investment is not also a competition but there's a motivation that comes when your mates and your friends are striving for success.

no need to over labour yourself because it is not by force to invest in cyppto and always invest with what you have and with what will not Pain you and hope full for the future for example I invested in pinkcoin,me,my friend and my elder brother in year 2020, I was the one who paid the money but the site is no where to be found but I keep encouraging them that it will come up in the future because it is an investment and not a do or die or comparism some thing always be positive and focus.

You are right investing in cryptocurrencies isn’t something we are forced to do rather it’s something we choose to do willingly and no pressure at all. If we feel as a human we can risk investing into cryptocurrencies then we should but if we think we can’t risk it then we should stay back and invest in what we find less risky.

But a lot of people considers investing in cryptocurrencies instead of some of this physical investment because this cryptocurrency token volatility gives us high privilege of making good profits in the future and it gives us high value in the future mist especially bitcoin.

[Agbamoni]

Competition in investment is new to me. I've never heard of people having competition in investment. However, that doesnt sound bad. Not everyone has the chance to invest, regardless of their financial capability. Some folks need a friend, colleague, or family member to advise them to invest rather than spend money unreasonably. But before investing, please don't feel pressured to do so. It shouldn't be because of your peers. It should be about increasing our finances for the future.

[Josefjix]

Looking at what these close friends are doing from another perspective is a good thing, I must. If I had such friends who challenges me like this, I'll really appreciate it. It would be even more sweet if these guys are teenagers, not adults, because looking at the lives of Warren Buffett, and other investors, they all started from buying stocks at early age, had lots of friends who challenges them and informed themselves about new stocks. They both purchased them, while learning from the process and so today, the world is honoring them because of the decision they take while younger.

That's the advantage of these group of friends op is taking about. I don't want to talk about the disadvantage.

[TokenTikas]

I’ve come to understand that allowing oneself to be motivated by other persons achievement towards your line of action is not a bad idea, almost is a good start up point, but when you know within yourself that it’s not yet within your capacity to invest with the amount they’re able to sort out as discretionary fund for investment, it’s advice that’s you keep investing at your own pace and stop trying to prove to others what might end up as a disaster in your own path to success.

Main subject of your post is that even if there is a mismatch within yourself while trying to keep up with others, the wise thing is to continue your investment according to your own convenience and move forward. Looking at others and getting inspired is generally fine but competing with them according to your own situation is not right. You have to continue with what is capable for you. Thinking too much and trying to prove yourself to them will really bring disaster. Personally, I never do that because my family is my first priority, so after fulfilling their needs, I'm continuing towards investing only as much as possible.