Topic: A practical way to stop procrastinating and start your investment journey. (Read 296 times)

IMHO somehow these "procrastinations" in your dictionary to postpone to buy some bitcoin relate not only to cognition (thoughts) but also affective (emotions) that affect the behavior later on. So, first, the individual should know what Bitcoin is, the technology behind it, why it is important for them, and why they need to invest in it to gather the initial knowledge that later on will influence their affective part, where they feel that investing in Bitcoin is necessary and gives them positive emotion, they believe the Bitcoin supremacy. When they know and feel that investing in Bitcoin is a good decision to make, then there won't be more procrastination because they have internal motivation to invest. Other people can't make us do things unless we ourselves do.

Procrastinating could cause us so many mistakes and misfortunes if we keep procrastinating without a better move to end it.
As we are longing to make.money for ourselves, we also need to stop procrastinating for us to keep growing and make a better investment for ourselves. One of the ways is to keep our agenda in a record so we can always bounce to it for clarity helping us to get back to track anytime we are far asleep.

In the bear market if someone is still waiting for the price of bitcoin to fall to buy bitcoin I bet you that the person will keep waiting and end up not buying bitcoin. Their is no perfect time to buy bitcoin in the bear market,  at any time bitcoin can be bought and it will still be profitable if it is held for a longtime. Since bitcoin is unpredicted no need to wait for the dip, if at all the dip occur let it be an opportunity to buy more. Waiting to buy bitcoin when it is dip is not the best way to start bitcoin investment.
Procrastinating is something that have to do with time and if one Procrastinate that means one have wasted time that would have been used to gain something valuable,  which we know time wasted can't be obtained back. Procrastination is a set back that is not encourage for investment , in bitcoin investment I see procrastination to be an act that will end up with short term profit, if all one later consider to take action to invest.

I have never find myself in this condition of always procrastinating about a particular thing maybe if i want to do something I will keep saying later or tomorrow I don't have such mindset maybe it could be the way i was trained up to be in my family less regard never fails to carry up any of my obligation and core duty as someone in the family so, I always remain minded and steadfast for whatever thing I was doing to an extent when I want to start proclaiming the word of bitcoin at my locality and I came here in sort of suggestions.

Immediately I was told to go hold some bitcoin then alone I would know what it takes to hold bitcoin before telling someone to invest. Immediately I was told that is how I took it upon myself to start buying at then I do invested what I think is can risk before I started doing my DCA till date. In essence what I meant is that procrastination comes from childhood and it's something that needs to be corrected from origin otherwise could be hard to handle sometimes people take it up till their old age and if time not taking it results to somethings else.

Most people seems to always not have enough reason to go into something their is always an excuse for them in a corner waiting for them to make use of it, I always tell someone that if they fail to acquire anything in life or if they fail to achieve their dream it’s not as a result of bad luck but it’s as result of them not seeing opportunities where it’s suppose to be.

And when it comes to bitcoin we have lot of procrastinators who don’t even know what they want, as the price they seems to be looking at as their entry price might ever come to place in life, the more you might be wanting for bitcoin price to go down to where you where expecting it the more likely you are going to see the price sky rocket to the top which when you see the price at the top you might end up increasing your lowest buying price and if the person keep on going that way they might never have the chance to buy bitcoin because the price will always remain unpredictable, that’s why it’s advisable if we are ready we can go in when ever we want and stop the procrastination.

I also become a victim of procrastination but for a temporary time. For example, in the current state, I keep delaying my work and giving myself new excuses daily, it's been 3 weeks now and I am still delaying my task. The big issue with procrastination I have faced is, when you are doing one work (For me it was joining airdrops) and at the other hand you have to do another work (which was of my university) and I kept delaying the second work but at some point when I was unable to manage the 2nd work I end up delaying the first one too.

And now I am now doing anything at all, neither doing uni work nor airdrop work. Doing nothing at all, but I know when my mind will understand the time I have wasted then I will be more motivated and I think your post has made me realize this a little bit. I will not say anything about your method because it did not suits me, I have other method, which is to give myself sometime and when at the end I make some lose then I am more motivated and never become a victim of procrastination for that same thing again.

Well, you won’t be procrastinating things if you have discipline in yourself. A lot of us set our own goals every year so we can be motivated and be guided to reach each of them. While others have been more disciplined and work hard to achieve their set goals, majority are still living in the same situation and it’s like nothing had changed due to procrastination. Setting aside things due to laziness or lack of motivation is an act of being irresponsible, and because of that, we can’t expect from these people to achieve goals on their own.

It is a good reminder when you do those things for your personal benefit just for you to keep on track. While it's true that many are keep on saying that they're going to buy Bitcoin when it goes down but, are we really sure that they're buying when the price dips? I don't think so, most are all talk when somebody is in front of them but does nothing when no one's in front of them. Anything that you're doing for your own gain is a must when you feel that you're worst enemy is procrastination then you must do everything in your power to avoid and eliminate that or just to get yourself reminded every time when you're on that state.

I feel that some people know about the whole Bitcoin thing but I think they are not interested they just don't want to come out plain that they are not interested and some are interested but they do not want to lose money so one way or the other they are looking for ways to avoid investing in bitcoin and it is not by force you don't have an interest then it should be left the way it is. and even when the bitcoin price falls majority of them will still not invest when the price falls is the best time to invest. buy and keep simple stock market analogy.

procrastination is a very bad habit if it is not controlled under time to stand up to start making decisions time will come when you will lose a lot of things just because you have procrastinated and that is the whole danger that procrastination comes  


The problem is even if the price is low they will still want the price to come lower than that and people with such intention don't have an interest in investing in Bitcoin because I saw a lot of people making posts about when to buy during last year and some people did not give attention to it because they wanted the price to come lower and if the price has gone lower the investor would have wanted the price to come lower than that. from that time till now if he had bought and held he must have made some profit but not everybody feels they can always take advantage and sometimes it might just not favor you. and you know another thing is that we all are expecting bull run this year what if the bull run does not happen this year. fingers crossed lets know what will happen, because even after ETF approval did not really affect the price, so what is now the assurance that even halving will bring forth bull run i know according to history it always happen but you can not always predict what will happen to bitcoin.

This step may push you to invest, but it will not be enough to make you buy more Bitcoin. Continuing to invest, especially if you achieve losses, requires awareness of everything you are investing in and believing that it is something of value. Then, over time, you will realize the optimal time to buy and the optimal time to sell.

Those who wait for the perfect time are often the ones who buy when others want to sell. You will find them buying Bitcoin after its price exceeds $100,000, while they refused to buy at $40,000.

Writing one’s goal on paper is not the best way to achieve one’s goal. It doesn’t work, I know this because at the beginning of every year, people get this idea of writing their New Year’s resolutions and for reasons they can’t explain they never really see it through. And they continue the cycle the next year. Did they lack motivation? Maybe. I believe what those people lack the most is discipline. Someone once said “ Discipline is the bridge between intentions and accomplishments.

Same point of view here. Procrastinating your plan like buying bitcoin is another way of showing that you’re hesitant to buy it because you have a lot of if’s and but’s, simply because you don’t have sufficient knowledge about bitcoin and all its advantages from other investments. If you are consistently doing that, you are obviously missing golden opportunity from not buying bitcoin.

However, we all have different views about bitcoin and I think each of us have also valid reasons. It’s just that once I saw the huge potentials in such a thing, then I would never want to procrastinate from doing or buying it, but of course before I do that, I’ve always had my thorough research so I won’t end up regretting my own decision.

As child while growing up to the age of being called an adult there are moments in my life I have had lost opportunities especially in my university days due to procrastination. It was always an "I will do it later or very soon" kind of attitude and due to it I had certain critical position's I could have obtained in the student union government pass me by because I didn't do things I was supposed to do or participate as at the very time I was meant to have.

Those days thought me many lessons that I had to come up with a mantra " if I don't do it who will", and one other  thing more, my background motivated me to hold on to that mantra as a self motivation to do and involve into things that has the tendency to change and improve my financial background, among other things in life that my mantra has help me to take action upon with hesitation was bitcoin.  Immediately I came to a good knowledge of  bitcoin as an investment asset I took advantage of the initiative not minding the price as at that time, now today the price is three times of what it were when I first started.

Some people procrastinate because they fell that the current price that they met bitcoin is too high and probably the price will fall weigh down and they will now invest big to take advantage of the dip, but that's how they keep waiting while bitcoin keeps growing high in price than what they first met it. Start investing from where you met the price that's why we have the DCAing strategy it's for this very reason.

One of the biggest obstacles on the road to success is delaying taking action on what we want to do or plan. Procrastination is even more dangerous when repeated over and over again. That's why you miss opportunities and now you get used to this situation.

Taking action and doing is what we need to achieve our goal. Of course, we all know that we will stop procrastinating when certain conditions are met for the things we postpone, but we need to make an effort to create these conditions. Otherwise, this postponement situation will enter an endless cycle.

There is no perfect time to buy Bitcoin and the best time to buy the coin is when you can afford it. Many people who waited for the price of Bitcoin to fall to their prediction might end up buying nothing because the price might not depreciate to the level that they expect or predict.

Procrastination is a thief of time and many people have regretted not taking action when they had the opportunity. One of the reasons why people engage in this harmful behaviour is because of ignorance. If you have vital information about investing in Bitcoin, you might find it easier to invest.

I was a very good procrastinator and it really affected my growth. Making fast decisions or actions helps me to overcome procrastination. Immediately I did my research about an investment and I found it worth it, I don't wait for the perfect time because it might never come. Currently, I am willing to make mistakes this is why I don't wait for the perfect time. If you want to avoid procrastination be willing to take risks.

Maybe to some, procrastination applies to any kind of activity, but to me, it's only something that happens when I dread the task, when I don't want to get to it because I have negative feelings or some worries associated with it. Buying Bitcoin is certainly not one of those things to me, but I can understand that some might feel worried about privacy, losing access to their coins by accident, falling a victim to a scam, etc. In that case, finding ways of coping with fears can help to get to the relevant tasks in time.
I'm happy the op found the way with a journal, but perhaps the methods depend on a person and the underlying causes of procrastination.

Indeed, I have one friend who got into Bitcoin mid 2017 but waited and waited to try and
coordinate the best time to get in but missed out thinking the market was going to fall
but in actual fact it rose and didnt fall back to his expected buy in price.


The problem isnt DCA, the problem is the "Get rich quick" outlook.
Almost everyone who practices DCA has a long term outlook and the whole idea of the
concept is to average out your buy cost, it obviously isnt a consideration if you are
planning on leaving the Bitcoin market in the short term.

Procrastination doesn't always ends well with crypto investment, but lack of knowledge is the main reason why people plan to take action and never do, they have the mind of doubt asking themselves if its the right time to buy, they fear any possible upcoming dump bringing their money down in value right in front of their eye.

People do do this shit mostly are those who don't understand how the cycle works, if you have been in crypto space for years in the past and you still don't know how this crypto cycle works you will never make it in crypto, a smart person only needs to fail once in crypto space when it comes to when to buy and when to sell, after that you should be able to figure it out already.  

What lack of knowledge will do to you in crypto space.

1. You will always look down on DCA strategy, and this is the most effective way to invest on Bitcoin for the long term.

2. You will be running after hype and FOMO, that's why majority of new investors chase the green candle always.

3. Bear market and bull market will be like a puzzle that's impossible to solve, meanwhile, bear market is your accumulation phase and bull market is where you should be taking your profits aggressively.

If you understand what you are doing there won't be any fear in you compare to someone who is completely blind as they have no single clue on what they are doing, they will be full of confusion.

Planning to get rich quickly as an investor may be risky. Everyone know crypto journey really needs patience. Are you trying to discourage DCA. I don't see anything as save as DCA is the crypto space. It really helps to go again FOMO

Dollar Cost Averaging is boring and can not help an investor to get rich too quickly. It requires patience, a very long time of accumulation through DCA but if an investor can do it after a long time, he will have big capital invested in Bitcoin through DCA.

Dollar Cost Averaging with costavg.com include exchange fee
https://costavg.com/

[ANN] JJG Sustainable Bitcoin Withdrawal Strategy
It is like a DCA for withdrawal.
https://bitcoindata.science/withdrawal-strategy