I have learned consistency is the key. So if I am not sticking with my plan and I am inconsistent, how much damage will it be to me if I am like that?
That's why I am always with my plan and I'll wait if it succeeds before taking any actions and will go to plan B. But if nothing yet is happening, I'll be consistent to what I've planned.
And that is like holding until I can without any panic selling.
Topic: Are You Sticking to Your Plan or Has Life Made You Pause or Modify It? - page 2. (Read 794 times)
November 15, 2023, 04:43:49 PM
November 15, 2023, 04:24:51 PM
Life is full of surprises, and so are investments. It is very difficult to predict something that has never happened, especially investing in Cryptocurrency, so when you are at a crossroads you sometimes have to change your initial route to maintain safety. Neatly laid out scenarios sometimes need to be revised to prevent something bad from happening. Sticking to the initial plan depending on the amount of capital they have, investors who have financial burdens may choose the safe route in order to keep the value of their assets from decreasing. For this reason, we are always reminded to invest using cold money or money that is ready to lose.
The target of every investor is to stick to his/her investment but truly sometimes life, plans are unpredicted. Events can just occur that will distort the plans to stick to an investment. When events occur their is nothing that can be done than change of plans, it is very important whenever their is a good flow of income it is an opportunity to invest the money very well because know one can tell if the flow of money can continue to flow in constantly. Life is full of up and down, this is why some people find it very difficult to continue with their decision to stick to their investment when financial burden hits them.
November 15, 2023, 04:06:41 PM
*relief sigh* "Well, that plan went perfectly"
I'm sure that's a saying that many who dare to follow Bitcoin on its journey by being active in the space have said many times
(s)
Even in life, this would be a rarity and a luxury. Life will always through curveballs. Nothing goes to plan and the main part of life is the ability to problem solve to be able to continue doing what you are doing.
Of course, laboring or working with most of the time in your day is the alternative pathway, and a different story. Working for a fixed and secure income in comparison to trying to leap forward yourself is something that can easily go to plan. That is a part of the deal, after all.
I'm sure that's a saying that many who dare to follow Bitcoin on its journey by being active in the space have said many times
(s) Even in life, this would be a rarity and a luxury. Life will always through curveballs. Nothing goes to plan and the main part of life is the ability to problem solve to be able to continue doing what you are doing.
Of course, laboring or working with most of the time in your day is the alternative pathway, and a different story. Working for a fixed and secure income in comparison to trying to leap forward yourself is something that can easily go to plan. That is a part of the deal, after all.
November 15, 2023, 03:55:22 PM
We often advise newcomers asking about successful Bitcoin investment strategies to have a well-structured plan and stick to it no matter what. Nevertheless if there is anything I have learned is that in bitcoin investment it is rarely a linear journey. And despite our best intentions and meticulous planning, unforeseen circumstances can disrupt our initial plans. For the community I want to know, has your investment plan always unfolded as expected or have unexpected events caused you to pause or modify your plan? Despite our best efforts there are instances where sticking rigorously to a plan becomes challenging due to the unpredictable nature of life.
Sticking to your plan is only found in book. Because in reality, there's no such fixed and concrete plans when you are doing an investment most especially in such an unpredictable market. Although it's best if you are doing long-term preparation on your investment, but that does not free you from having unexpected events that may cause your investment to fail especially if you don't see it coming. It's better to stay open about the outcome of your investment, be flexible and transparent as you can't control whatever your investment has to offer.However, whenever we see changes on our investment, that does not mean that we should stop from pursuing it but it becomes a big challenge for us on how we will come to succeed on it despite of its unpredictable outcome.
November 15, 2023, 03:36:57 PM
Without a doubt it is necessary to have some funds in reserve in the case some unexpected circumstances happened and we needed some money to deal with them, but this can be very difficult for most people to achieve as they do not really have healthy financial habits at all, so they spend too much money, take bad debt and save an amount of money that is too low each month, assuming they save anything, which explains why it is so difficult for them to become investors and hold their coins for the long term.
This is in fact what everyone should do, emergency fund should always be there untouched for unforseen challenges but the fact that we live across different countries, there will be limitations to how this is easy to make by some people. Many will even have the means for such funds but will lack standard health facility. In my country, even the politicians run down to other western countries for treatment anytime they got sick and at the same time, there are people who don't even have the means because of high level of employment.
I used to dream of becoming a medical doctor and along the line, life screw me up of admission denied, I ended up as an Engineer and today I'm a registered engineer among the Nigerian Society of Engineers and I'm proud of it. Although, I'm not near where I want to be yet but with time, I will break boundaries by my prayers and abilities, this I believe will happen.
It is very difficult to allocate money for an emergency fund in today's conditions. I can understand that this fund is very important and needs to be funded, but I think the number of people who can achieve this is very small. If a person has the opportunity to allocate this fund but cannot, it shows that he or she does not have healthy financial habits. The important thing at this stage is to use financial information in a positive way. I distinguish between those who have the means and those who do not, because financial power is needed to create this fund. Those who have this power must acquire healthy financial habits in order to create this fund.
If they can limit or eliminate unnecessary financial expenses, they may have sufficient means to make this fund.
November 15, 2023, 10:46:19 AM
Life is full of surprises, and so are investments. It is very difficult to predict something that has never happened, especially investing in Cryptocurrency, so when you are at a crossroads you sometimes have to change your initial route to maintain safety. Neatly laid out scenarios sometimes need to be revised to prevent something bad from happening. Sticking to the initial plan depending on the amount of capital they have, investors who have financial burdens may choose the safe route in order to keep the value of their assets from decreasing. For this reason, we are always reminded to invest using cold money or money that is ready to lose.
Life and investments, particularly in the realm of cryptocurrency, are replete with unexpected twists and turns. The allure of cryptocurrency lies in its potential for exponential growth, like a wild roller coaster ride. While the prospect of rising profits is undoubtedly exciting, it's crucial to acknowledge the inherent volatility and risks associated with such ventures.Cryptocurrencies those have decentralized nature and lack of regulation can be both a blessing and a curse. On one hand, those offer freedom from fiat money and the potential for innovation. but it also exposes investors to a heightened degree of risk, as there are no safety nets to cushion against market fluctuations or fraudulent activities. The value of cryptocurrencies can swing wildly within a short period, often driven by speculation and hype rather than tangible fundamentals. This volatility can lead to dramatic gains or equally devastating losses, making it a high-risk, high-reward investment.
November 13, 2023, 10:06:56 AM
In my case, I have a flexible plan, so I'm not sure what to answer, to be honest. On one hand, by improvising a little bit I'm modifying my long term plan but, on the other, I'm still sticking to it because I foresaw little deviations since the beginning.
I think that it is possible to have your cake and eat it too, so leaving aside the black or white formulation of the question made by the OP, I think that I'm sticking to my general plan, while pausing from time to time and making little modifications
I think that it is possible to have your cake and eat it too, so leaving aside the black or white formulation of the question made by the OP, I think that I'm sticking to my general plan, while pausing from time to time and making little modifications
November 13, 2023, 09:47:22 AM
Life is full of surprises, and so are investments. It is very difficult to predict something that has never happened, especially investing in Cryptocurrency, so when you are at a crossroads you sometimes have to change your initial route to maintain safety. Neatly laid out scenarios sometimes need to be revised to prevent something bad from happening. Sticking to the initial plan depending on the amount of capital they have, investors who have financial burdens may choose the safe route in order to keep the value of their assets from decreasing. For this reason, we are always reminded to invest using cold money or money that is ready to lose.
November 12, 2023, 05:44:00 PM
We often advise newcomers asking about successful Bitcoin investment strategies to have a well-structured plan and stick to it no matter what. Nevertheless if there is anything I have learned is that in bitcoin investment it is rarely a linear journey. And despite our best intentions and meticulous planning, unforeseen circumstances can disrupt our initial plans. For the community I want to know, has your investment plan always unfolded as expected or have unexpected events caused you to pause or modify your plan? Despite our best efforts there are instances where sticking rigorously to a plan becomes challenging due to the unpredictable nature of life.
I didn't really have much of a plan at all for many years, basically scraping by and merely existing on casual wages. Got a lucky break with a decent IT job and opportunities have continued to open up since then. It's only when I started earning a fair amount it was possible to start realizing many goals, like travelling and buying property. Those things felt so out of reach on a low wage they were almost not worth thinking about. Skilling up is key in life and you have to learn to grab every chance you get to move up, because they can come out of nowhere. It can be scary and difficult at the beginning, but if you persevere then the rewards can be massive, so always try to be dynamic in your approach to life.
November 12, 2023, 04:41:43 PM
We often advise newcomers asking about successful Bitcoin investment strategies to have a well-structured plan and stick to it no matter what. Nevertheless if there is anything I have learned is that in bitcoin investment it is rarely a linear journey. And despite our best intentions and meticulous planning, unforeseen circumstances can disrupt our initial plans. For the community I want to know, has your investment plan always unfolded as expected or have unexpected events caused you to pause or modify your plan? Despite our best efforts there are instances where sticking rigorously to a plan becomes challenging due to the unpredictable nature of life.
Well, its actually a good start if you have solid plans on your investment, but that does mean that you should stick to your plan no matter what because even life is unpredictable and so is bitcoin investment. Most especially that you are dealing with such a highly volatile coin and its price fluctuations is high, so the best advice is learn to be flexible. Change your plan if its needed, but never change your goal because you will stick to it no matter what.That's the challenge with bitcoin investment. You can't expect that its price will stay on top all the time, but it will definitely move up and down due to the market factors that could lead to create market price correction or simply sudden bearish market. When that happens, be more firm with your investment. Do not leave your investment hanging, but redirect your plan if its needed in order to achieve your constant goal in the end.
November 12, 2023, 02:54:40 PM
We often advise newcomers asking about successful Bitcoin investment strategies to have a well-structured plan and stick to it no matter what. Nevertheless if there is anything I have learned is that in bitcoin investment it is rarely a linear journey. And despite our best intentions and meticulous planning, unforeseen circumstances can disrupt our initial plans. For the community I want to know, has your investment plan always unfolded as expected or have unexpected events caused you to pause or modify your plan? Despite our best efforts there are instances where sticking rigorously to a plan becomes challenging due to the unpredictable nature of life.
Just be like this;-Be versatile
-Be open-minded
-Be easy to adapt and move on
-Expect the unexpected
Yes, on the time that we are just new into this market then we would really be thinking about straightforward in regarding with our plans and goals but due to market conditions or situations
then those earlier plans would really be having that kind of disruption or would really be derailed since you would really be needing to adjust basing up on the current thing that you are
experiencing on which adjustment is crucial or else you wont really be moving forward as the market would really be potentially be going against with your initial plans.
You would really be needing for yourself to be that adaptive or else you would really be that having a huge problem on progressing or simply being profitable within the market.
If its needed to be modified or changed then do it, dont hesitate on doing such thing because you wont really be that able to move forward if you do stick into those things
that you have set earlier. Market is unpredictable and there's no way that you could really be able to stick with those plans and make it happen because
there are lots of factors that it could really be able to changed up along the way.
November 12, 2023, 02:10:48 PM
Honestly, bitcoin is not an investment that one needs to go into without knowledge, I don't know the person who has been tutoring you on Bitcoin but all I know is that Bitcoin is an investment that requires patience, you need to know how to make use of the wallets and the particular wallet to use either custodian or exchange, before investing in btc you have been sure of what you want because you don't expect to start making money immediately if that is your motives or expectations, I promise that I might not work like that for you, investing little by little as you can afford, it is better to avoid using all the funds you have for other things to invest here but if you can do so without such action affecting you so be it.
November 12, 2023, 02:03:21 PM
Without a doubt it is necessary to have some funds in reserve in the case some unexpected circumstances happened and we needed some money to deal with them, but this can be very difficult for most people to achieve as they do not really have healthy financial habits at all, so they spend too much money, take bad debt and save an amount of money that is too low each month, assuming they save anything, which explains why it is so difficult for them to become investors and hold their coins for the long term.
This is in fact what everyone should do, emergency fund should always be there untouched for unforseen challenges but the fact that we live across different countries, there will be limitations to how this is easy to make by some people. Many will even have the means for such funds but will lack standard health facility. In my country, even the politicians run down to other western countries for treatment anytime they got sick and at the same time, there are people who don't even have the means because of high level of employment.
I used to dream of becoming a medical doctor and along the line, life screw me up of admission denied, I ended up as an Engineer and today I'm a registered engineer among the Nigerian Society of Engineers and I'm proud of it. Although, I'm not near where I want to be yet but with time, I will break boundaries by my prayers and abilities, this I believe will happen.
It is very difficult to allocate money for an emergency fund in today's conditions. I can understand that this fund is very important and needs to be funded, but I think the number of people who can achieve this is very small. If a person has the opportunity to allocate this fund but cannot, it shows that he or she does not have healthy financial habits. The important thing at this stage is to use financial information in a positive way. I distinguish between those who have the means and those who do not, because financial power is needed to create this fund. Those who have this power must acquire healthy financial habits in order to create this fund.
If they can limit or eliminate unnecessary financial expenses, they may have sufficient means to make this fund.
November 12, 2023, 12:29:30 PM
Without a doubt it is necessary to have some funds in reserve in the case some unexpected circumstances happened and we needed some money to deal with them, but this can be very difficult for most people to achieve as they do not really have healthy financial habits at all, so they spend too much money, take bad debt and save an amount of money that is too low each month, assuming they save anything, which explains why it is so difficult for them to become investors and hold their coins for the long term.
This is in fact what everyone should do, emergency fund should always be there untouched for unforseen challenges but the fact that we live across different countries, there will be limitations to how this is easy to make by some people. Many will even have the means for such funds but will lack standard health facility. In my country, even the politicians run down to other western countries for treatment anytime they got sick and at the same time, there are people who don't even have the means because of high level of employment.
I used to dream of becoming a medical doctor and along the line, life screw me up of admission denied, I ended up as an Engineer and today I'm a registered engineer among the Nigerian Society of Engineers and I'm proud of it. Although, I'm not near where I want to be yet but with time, I will break boundaries by my prayers and abilities, this I believe will happen.
November 12, 2023, 10:52:21 AM
We often advise newcomers asking about successful Bitcoin investment strategies to have a well-structured plan and stick to it no matter what. Nevertheless if there is anything I have learned is that in bitcoin investment it is rarely a linear journey. And despite our best intentions and meticulous planning, unforeseen circumstances can disrupt our initial plans. For the community I want to know, has your investment plan always unfolded as expected or have unexpected events caused you to pause or modify your plan? Despite our best efforts there are instances where sticking rigorously to a plan becomes challenging due to the unpredictable nature of life.
Life always makes adjustments to any plan, and when it comes to such a rapidly changing (in terms of price) asset as the bitcoin, then adjustments to the investment plan are simply inevitable. No matter how ideal the plan is, it is impossible to take into account all the factors that will create holes / spaces in the plan. Therefore, the best investor is the one who adapts and adapts to the changing market faster than others. I assume that it is necessary to be exactly like this. 
November 12, 2023, 10:15:35 AM
Because of this I created a thread in the local board that "if you want to invest in bitcoin you have to do something so that you will not touch or use your investment bitcoin. But whereby you are not do anything and only depends on the bitcoin investment then definitely your plans will be altered". " But whereby you are doing something and you invest in bitcoin then you investment will last and the plans will work out successfully. Making your plans realistic is one the best thing in the investment of bitcoin.
The things that will affect your bitcoin investment should be really with before you start the investment so that those things will not come and disturbed you in the future.
The things that will affect your bitcoin investment should be really with before you start the investment so that those things will not come and disturbed you in the future.
November 12, 2023, 09:27:41 AM
Therefore, we should have an emergency fund set aside so that just in case something unexpected happens, we have funds that can be stolen so that we can supply the important things, right?
It's not wrong and it's also quite right, but I wouldn't say that emergency funds are funds that can be stolen because these funds are what we save for ourselves to face emergency situations in life. I prefer to call it a savings fund that we deliberately reserve for something that is considered quite important in our respective lives.Quote
But of course, regardless of our previous plans, it should still happen, as if this is a separate emergency fund for the unexpected moment. It's different because we are ready for everything. So if your plan is to invest, that should still come true.
Unexpected things must be addressed early, because current living conditions are not always the same as past living conditions. So preparations such as emergency funds have become more important for everyone now, especially for those who like to invest in various things so they always need reserve funds and also emergency funds so as not to interfere with their own investments. November 12, 2023, 09:08:12 AM
Fortunately I'm still sticking with my timeline. I'm still buying coins every now and then, and have no plans on stopping until such time that the price hopefully reaches $50k again. There's really no point to sell as early as now, unless you really need the money and you can use the financial help of your bitcoins. But yeah, typically no one really uses their investment funds for expenses and other emergencies. There should be a separate fund for that. If not, you will never have a successful investment even if it's crypto or other assets.
Same thing, I don't plan to go astray with my plans too because I feel like if I ever do that, it's going to make me feel like I've cheated on myself in a way that I broke my promise. Waiting for the bitcoin value that I've set to sell makes it easier to stick to my plans which is great because my plan is pretty simple although I feel like I am not consistently following a part of my plan that involves buying whenever I can but I can't really blame myself for that as I am a working man and the bills won't pay itself so that's I guess the only problem I have with the plan, I think I haven't astray even if I don't consistently invest in bitcoin whenever I get my paycheck but for everyone who will read this, you can judge for yourself. 
November 12, 2023, 07:28:18 AM
My plan stays the same as it always was. I got in quite early so I sell some during each bull run, I make good use of that money, improve my life, try to get passive income & also buy some of the bitcoin back at more than 50% lower than what I sold at during the inevitable bear market that follows. It’s a fool proof system so far.
Nothing can be a better plan than that, I must say. Many people can't stick to their plans, not because they don't want to, but because they can't. The main problem with people is that they invest money that they would need some time shortly. When that time comes, they are compelled to sell their assets just because they don't have enough money saved other than their investments to cover up the emergency that has come up all of a sudden.This is the reason why it's important for everyone to only invest the money that they know they won't need any time soon because the market is highly unpredictable and one cannot know when it will go up or down and the investment can get stuck for years in case there is a bear run after the investment has been made.
Therefore, we should have an emergency fund set aside so that just in case something unexpected happens, we have funds that can be stolen so that we can supply the important things, right?
But of course, regardless of our previous plans, it should still happen, as if this is a separate emergency fund for the unexpected moment. It's different because we are ready for everything. So if your plan is to invest, that should still come true.
November 12, 2023, 06:28:28 AM
We often advise newcomers asking about successful Bitcoin investment strategies to have a well-structured plan and stick to it no matter what. Nevertheless if there is anything I have learned is that in bitcoin investment it is rarely a linear journey. And despite our best intentions and meticulous planning, unforeseen circumstances can disrupt our initial plans. For the community I want to know, has your investment plan always unfolded as expected or have unexpected events caused you to pause or modify your plan? Despite our best efforts there are instances where sticking rigorously to a plan becomes challenging due to the unpredictable nature of life.
Life on its own is not a linear journey as many unforeseen circumstances can always happen. I do not think that investment plans will always come out as expected; some plans may fail and some may work, what is important is that we learn to adapt and make changes to our plans. Many investors have calculated how much they'll invest into Bitcoin each month but because of one new life challenge or the other, they are most times forced to scrap the plan (only a few modify and keep to it due to personal discipline that they can't break). When you make a plan (be it an investment plan or not), just be open to changes.
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