Topic: Mastering the art of delayed gratification (Read 125 times)

Na through alternative source of income that you can actually reap the benefit of delayed gratification regarding your crypto hodling. If you don't have alternative source to get money and survive including taking care of the family, Omo you go touch your cryptocurrency to survive. You no fit hodl coins make you dey hospitized wey be say you require money make you no sell your coins. So the main reason wey person fit take hodl him coin for like 10years mean say you are surviving through other means and you just forget the coins for the wallet. For car own, you fit even no sell your coins because it is not between life and death but on health issues wey require huge bill, you go sell your coins except you have other sources of income.

that feeling will always come to play along your accumilation journey and there will always come a point in time that you might get tempted to sell off your holding and use it for something that's really not inline with the reason for doing your long term buys.

As a typical Nija niga, sometimes when your fellow nigas go wan de do dorrime for club and when you see say some of them de drive fancy cars when de entice you, it will get to the point you would want to feel among and temptation go wan push you to go sell your holding when time never reach and even us when still never reach that height like that, e still de worry us small to fit control ourselves regarding our investments but the truth be say we no get choice and except you no get better plans for your future, if not, regardless of the pressure, just treat your holding like say no be your own so by so doing, regardless of the pressure, you're certain you will never touch it.

Well, wetin u talk dey right but make we know say life dey too short and e no really dey easy to comot wetin dey happy and comfortable but no mean say we go just fold hands dey wait for MANNA from heaven because things no work like that, we gats to hustle or work for our own comfortable but e no means say we go overstress until e go affect our health because say we dey try to save for today and tomorrow. So as we dey try to save for the future, mk we also remember to enjoy and give ourselves to enjoy ourselves in the present because na person wey  chop today dey, dey alive to save for tomorrow or future.

Delayed gratification go well, but e get some kind things wey person nor suppose delay to buy if the money dey to buy am and e nor go too affect investment. Why I talk like that na because e get some kind things wey go add value to your living when you buy am, nor be waste because the thing go fit help you in way of reducing cost, or increasing your comfort a bit make you for fit dey think better. E get some kind things because wey if you nor buy am now, you go buy am later with cry because the price go fit dun increase two times.

E get one book wey I read SEVEN HABITS OF HIGHLY EFFECTIVE PEOPLE by Stephen Covey, di book really relate to dis topic. Habit 1, begin with the end in mind, e talk about beginning with envisioning di goal wey you wan achieve, na im go give you di energy and motivation to achieve am. Habit 2, first things first, meaning say you need to go through di process to achieve that goal. If person follow di 7 habits, e go de easier for am to fit to hodl a store of value like Bitcoin, for up to ten years without distractions.

Aldo sometimes di mind go de willing to delay collecting gratification or ROI, but e get problem like health issues wey fit to hit person, wey im no go get a better option but to prematurely sale im Bitcoin before di planned time. But person wey get a steady source of income, wey sale im investment to buy luxury items or trow party wey no be di original goal of di investment, dat person de indiscipline and im fit no make am for life, because im no de financially effective.

In the aspect of investing in Bitcoin and responding to delayed gratification, taking that Bitcoin is the factor and the investor stands as the pioneer, and as a pioneer, you have the decision to either change our plans or not when ever we want. That's to say, by investing in Bitcoin and hoping to sell at a desired price with the expectation that in the next speculated year you can archive that price, other attributes that can help you archive that gratification are strong will and determination. Perhaps you already have the idea that Bitcoin is not a pump-and-dump asset, and as an investor, you cannot do anything to make the price of Bitcoin pump to your expectations until the time is right for it, so you just have to exercise that patience. 

Before you invest in Bitcoin, you are already aware that you should expect another bull market in the next 4-5 years. It is going to be a long time before your gratification is filled, and therefore all you need is determination.

For example, if someone wants to give you $1k today and asks you to do some task before you can be rewarded with $1, 000, The only option you have to get that money is to complete all the tasks or half of the tasks to get half the money. What can make you finish the task is the sense of expedition for the reward attached, and it is your self-determination that will help you finish that task. 

Conclusion: Delay gratification in regards to Bitcoin investment is a self-determination task that can help you archive that goal at the end, and after you have archived the profit you wanted, what comes next is to archive the second goal, which should have already been mapped out too. 

Not only delay gratification that made those people to HODl for that long. I believe that most people who survived HODLing for that long, was a as a result of having multiple sources of income which help them to have regular inflow of income. that was used to maintain a regular balance in HODLing without selling off so quickly.. while some had a long term bodget of about 10 years of investment or more, and decided to just dump some pretty amount of bitcoin in there portfolio and wait for the appointed or appropriate time to sell. Some where able have HODl because dey stick to their instinct and also made a solid vow not o to sell under no circumstances except for a live saving issues when there is no reserve fund. because they have the true spirit of a HODLer not some sort of FOMOer or Gamblers.

In life self decition, motivation and regular practice of a particular system for long will shape you to do what you never expect you can do. Learning to explore beyond your capacity, will take you a greater hight. Facing your fears and tackling them one after the other will help you achieve it. our weakest and dark part is fear, and we must learn how to control it and our innermost desires. If we can control it we can be able to HODl for long.

Something I came to understand from the men in WO, is that if we all agree that Bitcoin is the best store of value which can say it is the new gold then we just have to continue HODLing after all it will be the best gift to keep for our children since it will continue to increase in value.

They see this as not really worth it but another thing is that if you have gotten to your stacking goal is not bad to scrap some profits from it for this if you really need it though this is just individual preference

I feel that One of the main reasons why it's difficult for us to make plans regarding how long we will be able to invest in both Bitcoin and other assets and aspects of our lives without being too eager to expect quick gains or quick profits is because we've not mastered the art of delayed gratification and this is not just applicable to others but even myself.

Delayed gratification is an investment in ourselves to believing in ourselves and the things we're investing into enough  to the point we can make ascertion like "   I'm going to make  the sacrifice of investing today for the crown that awaits me in the next ten years or so
  " and often times the sacrifices aren't all that difficult compared to the gain that will come with it in the future. So even if we have assets that's of value and by virtue of the kind of assets we have, if we decide to sell it off and upgrade ourselves we can just do it at the snap of our fingers but what now happens after that?

I believe that delayed gratification is what helped long term bitcoin holders who have been able to HODL for like 10 years and above to continue holding thier Bitcoin even though they are obviously in a massive profit region. It is also what I think will go a long way to helping current holders that are hoping that they will be able to DCA for a period of ten years or so.

For those that have probably stacked up Bitcoin for at least a circle or so and have built a great portfolio in the process, how where you guys able to cope with the issues of self gratification even when you have the resource to fulfilling such desire? Like, the desire to buy a car, upgrade your apartment or kind of improve on your lifestyle during the time you're still building your portfolio would have been an issue you dealt with. Let's share our experience so intending holders and those that have just started thier Bitcoin accumilation journey can learn from it.