Topic: Are You Sticking to Your Plan or Has Life Made You Pause or Modify It? - page 3. (Read 791 times)

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.

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.

Well, if we have plans and we know that they are good and will help our personal lives and the future of our loved ones, we will try as much as possible to make these plans come true. It's not just for ourselves.

Let me take myself as an example. We know that most of the members of this forum know that the upcoming Bitcoin halving is near, and it is also possible that as we are approaching the halving of Bitcoin, most of us here are taking advantage of the time and opportunity that we can accumulate cryptocurrencies that we think can give us a breakthrough when the bull run arrives between 2024 and 2025.

So, that means we are trying to have holdings when the season of halving and bull runs comes. This depends on whether we will improve our lives or get rich suddenly. It depends on the crypto assets we have.

Unexpected and needs some modification. I always come along with some events that I need to some adjustments because I don't see any turn in my life that I need to prepare for those things. But this time, I'll stick to my plan about holding it until next year, and hopefully, I'll not going to touch any of the amounts and will still survive the tempting part of spending some of it on the things that I may like. Instead that I'll be spending them quickly, I'm reverting to the plan of buying more whenever I am trying to buy something unimportant. Because that's how I am getting caught with my holdings for my plans when I want some nonessential things to buy.

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.

Changes or modifications to a plan is inevitable if you have any hope of archiving your goal.

Plans aren’t meant to be static but flexible. That’s why we’ve hit plan B, C and as much as you can make. Remember, whatever is static does break and as such, it would be awful should you have a static plan that don’t susceptible to change. The main point there is the goal and so long as, your plans can be modified to still alllow you archive that goal, your good to go.
Modifications to the plan isn’t a bad thing but, a need to do in other to archive your goals.
I can’t count ho many times I’ve had to change the plan or tactics and still be good.

As long as there is a problem now, don't add more for the future; instead, it's okay to add a solution for your problem. And if you have entered into an investment, believe that your capital can be turned around to make a profit in the end.

The only important thing is that you always do research so that the money you use here is not wasted, and you know that it is not easy to find a way to earn money just to survive and feed the family or people who are important in our lives. Always take a risk when you join any investment opportunities.

Well, with such a volatile and unpredictable investment like bitcoin, changes are more fixed than sticking to your well-structured plan. No matter how you try to pursue the success of your investment by following your original plan, there are always instances that have turned into challenges that will try to ruin your investment plan and that you are left with no choice than to change or reverse so as not to harm your total investment.

While this is not a good option for majority but sometimes its also healthy to change your investment plan at some point because by taking a little risk, you are going to free yourself from market panicking, and instead you can stick to your long -term investment goal as how you imagined it from the start. At the end of the day, modifying your original plan is still not a bad thing if its the only way so you can achieve your original goal in your investment.

Well, no plan is made to fit perfectly into any situation which is why we can never expect that it will work perfectly, yet failure can still be possible. But yeah, it doesn't mean that it goes like that always as sometimes it works good but in the case it still incurs losses, modification is the next step. This is why we have Plan A and Plan B it is just an option where we think which one will function well. But it is not necessarily we have to push B if Plan A still gains some failures because our main goal is to reach Plan A.

No plan regardless of how detailed it could be can be implemented in the exact way you wanted it, and this is not only because of the changing circumstances that may surround you, but also because you can change as well during the process, and things that you thought were possible and easy to achieve are not that way and you only realize this once you learn more about the market, so it is obvious that I had to adjust several times my plans and my objectives, but despite all of that I still think I am doing well enough and I hope to do even better once the next bull run comes.

That's good I hope your investment can continue to run according to the plan that you have implemented buddy and also yes I hope you can remain firm on some precautions that you have made because it can make you more awake and with that your planning will continue to run according to what you want.


In the problem of your planning for other things such as always failing when you want to build a house and buy a car, honestly in my opinion there seems to be something wrong with you, I mean there is something wrong with the way you manage your finances, because I think that by broadcasting it to social media or telling your relatives it will not have much effect. I think you need to check your finances especially in terms of your expenses, if there are expenses for something that you don't really need then I think avoid these expenses and focus on your goals to allocate money to things you want such as building a house and buying a car, I think so.

Life comes at us in many different ways. Sometimes it seems as if life was waiting for you to make a plan, set a goal, or have a target before it brings its mirage of challenges from all corners. Some people spend eight years in the university for a four year degree. Some people got their GED after they had grown up kids. We all have our stories to tell. I have had to even abandon some plans entirely for new ones because modifying or adjusting them wasn't just working out right. At other times, I just let my life go on autopilot because all has happened and I cannot handle them all. That is life. So we move on.

Yes if you already have the best plan in your opinion and it still functions well then yes I think there is nothing wrong with continuing to use the same method if it is really effective and useful for your life, and yes it is true that basically everything including planning can be changed when it is no longer functioning, and no other than everyone will experience everything in his life, ups and downs in terms of his economy which on the other hand has an influence on the finances that you want to budget for investing and if you feel that your economy has begun to weaken due to something that happened such as losing your main job then there you must immediately change your investment plan because obviously your strengths in terms of the economy will be reduced. which on the other hand has an influence on the finances that you want to budget for investing and if you feel that your economy has begun to weaken due to something that happened such as losing your main job then there you must immediately change your investment plan because obviously your strength in terms of finance has begun to weaken.

And yes of course the chance of loss will always be a part that will never be missed from the name of investment, and also yes in terms of investment management and planning is also the same, if indeed the strategy or method that you often use seems no longer effective for now or in certain conditions then I think there is nothing wrong for you to change or modify it as long as you can really do it and consider from various sides.

It is true, in life it cannot be denied that sometimes there are always things that do not match our expectations. Because there are people who control this life, and we can only plan and live it. So no one knows whether our plans will come true or not. Likewise in bitcoin investment. I'm also sure there are a handful of investors who have plans, but those plans don't run smoothly.
But for me personally
So far the investments I have made in Bitcoin are still well organized and still in accordance with the plans I made at the beginning. So if you look at it from the perspective of my life, it's going smoothly. However, if you look at it from a planning aspect, I personally have planned this bitcoin investment as well as possible.

One aspect that has made it easier for me so far to invest in Bitcoin is regarding the use of capital. I personally always use cold hard cash and have no plans to use the money.
Another aspect is certain, studying the science related to bitcoin investment to the fullest. These are things like learning to choose a safe wallet, a safe exchange, learning how to control emotions and also learning other important things. Then the aspect that is no less important is that I personally always pray to the creator of this natural earth so that my bitcoin investment will always run smoothly.

So in conclusion, we as humans cannot predict with certainty whatever we plan, including what the end result or journey will be like when investing in bitcoin. However, we as humans are given the advantage of perfect intelligence to minimize all the worst possibilities and strengthen the predictions of the plans we have made with this intelligence.

Currently, I have nothing to modify my plans as I saw that it was still working well and the output seems too positive. But yes, it can be subject to change if it is never effective anymore and that is normal.

In order for us to say "if it is a need for us to stop, modify, and continue, we must also be aware of our situation. I don't think it is a good idea to change our strategies and plans if it is not necessary. Losing is always a part of our investment but losing once or twice was not enough to think about changing it if that is not often happen.

Life has a lot of ups and downs. So it is vital to have a futuristic plan. There's a general plan where as much as possible you have to stick to it no matter what. And I risked a lot over the years to stick to it. The smaller plans are when we can make adjustments. I already achieved financial freedom some years ago but I became too lax and I never thought that money no matter how big or small could be easily burned in one single bad decision. So I started all over again. My early retirement plan is paused. Since 2022 I have barely hung out and traveled because the plan is to focus on saving in order to invest. I am mostly into bitcoin and a few altcoins as I am banking big on this cycle. I even sold all my remaining stocks a few months ago.

My investment plan is all good 'till now.

However, my others decisions, for example buying a car and building a house always not goes to plan, it's always been postponed due to various things. Maybe it is because I always broadcast it to social media and to my relatives, maybe they are jinxing it, that's why. So, I changed some things, I never broadcast it anymore, I just do my own things and flex it when I'm done.

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.

I think making a plan for an unrealized profit is a bad thing to do, you can only plan for what is already cashout and not what is still in the air doing zeros and one through its protocol. As some colleagues have laid out, don't invest in bitcoin with the money you cannot afford to lose, money you don't have plans. It is unreal to say there is money you can say you can afford to lose but its best done this way so that your expectation will not go beyond the normal line because when you do and things don't fall out as expected, you might not like seeing the view of bitcoin.

About the plan, there is no alternative to it, the goal still remains the same. I'm glad to see that $20 is now a thing of the past but I know a time will come when everyone will be saying they wish they had bought bitcoin at $20k or below because it is going to be like buying Bitcoin at $1k some years ago. Speculations aside, the adoption is another thing that gives me a vote of confidence, see Blackrock and the rest all want to have Bitcoin ETF, it might be the best as being a decentralized asset but anything for adoption is welcome in my own opinion.

Of course it is very important to prepare funds for emergency needs first before we start investing because if we do not prepare in advance for emergency fund needs then the investment we make will be disrupted if we experience emergency needs and we have to sell before time and also we will not get profit from making the investment.

When we have prepared funds for unexpected needs, of course when we make an investment and experience emergency needs, of course we will not experience difficulties regarding this because we have prepared it and it also does not interfere with the investment we make so that we will get a profit from the investment we make.