Topic: Signs that show you're losing interest in your Bitcoin investment (Read 249 times)

Of a truth life can be very unpredictable as unforeseen circumstances might just arrive. I think that is where the need for emergency funds and diversification come to aid. If we have been keeping emergency funds all this while we are investing, we do not need to tap into our investment. Unless the problem demands more funds than what we have in our emergency funds. And diversification helps a lot, if we have been diversifying into other things. It could be an asset or a business, when things like this come up, we can tap into that other business, instead of our Bitcoin investment.

1. We become inconsistent with our DCA: when we've decided that we're buying $30 worth of BTC every week and then start missing out on most weeks, it shows we're losing interest in our Bitcoin investments.

2. We start selling part of our holding: when we break our own rule we've set that we won't sell our holding until we've reached a certain amount and can easily sell out our holding when a slight thing comes up, it means we've started losing interest in our Bitcoin investments

3. When We get easily moved by media sentiment and slow down at buying Bitcoin because of what anti Bitcoinner are saying about Bitcoin HODLers, it shows our interest has started coming down.

Point 1 & 2 might be caused by unforseen circumstances that is variation from expectation but for number 3. Media sentiment can't pull my legs to slow down buying if I know what I'm doing. Because, before I might have started the investment I should have know what it entails therefore nothing will discourage and demorale me.
That is why it is always advisable to invest your spare cash(idle funds) so that you will not end up not meeting your target.
All businesses and investment demands discipline and target, before venturing into bitcoin investment you must have known that it is a long time business before success can be realized.i can remember when I joined newly with the intentions of getting quick money, I stumbled on this statement saying that bitcoin is not a quick get rich venture.

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Investment has its own stage and level where one would like to stop and reduces their attention from accumulations, let say as an investor you had in mind of having a total of 10k dollars worth of bitcoin and if this has been achieved you may decides to pause and never accumulate any longer because you have reach up band limits. At this if the person stop and never keep accumulating we can't say such person is facing a barrier or doesn't wants to hold anymore, again I would also like to draw your attention that most people has plans for their investment and if they succeeds getting to their level or limits they may decides to sell off.

Realistically there are people who buying bitcoin solely for profit purpose and when that percentage has been achieved they don't mind pushing out all their bitcoin they had already have in their custody to start the journey afresh and when they starts and hit their targets they still sells off continually just as those people who are doing trading, they don't hold bitcoin for long instead trades with it.

Almost all the points you've outlined as the signs that show that one is losing interest in his holding are valid points that apply at some point along one's accumulation journey. It's not necessarily that you're losing interest in your accumulation but more that naturally we tend to have some form of passion at the start of our journey and with time lose interest gradually.

Having the ability to continue buying Bitcoin on a weekly or monthly basis for intervals of years up to 4 to 10 years isn't a feat anyone can comfortably achieve without giving up at a certain time along the way. Some might be consistent for a year and then in the second year become a bit inconsistent or totally shift interest into another project and later come back to continue in their accumulation. It doesn't for any reason depict that they've lost sight of the benefit of Bitcoin but would most likely experience such alt because you also have to fix other areas of your life while still buying your Bitcoin. In Nigeria here where life is already winning you 1:0 before you've even started, it's not easy to see someone who's 100% strict in his investment, you just buy as much as resources allow you to and still find a way of surviving in this harsh economy.

It's very lovely for one to keep on sticking up with their plan of accumulating bitcoin by DCA method and also having a long term goal of their bitcoin investment. Never will it be a crime or bad move for someone to deviate from such plans, in the name of solving their problems that involves money. For example, Peso no fit get personal problems wey dem go use money to solve, you expect them not to do needful to solve that. You supposed know sae, by normal, peso no fit tell problems dat involves money to wait for long without been solved, but someone can tell bitcoin investment to wait, that they will invest in it later when they have the spare money. That's quite okay, understandable act that will have nobody to question someone's acts on why they decide to sell their bitcoin holdings for personal need.

Selling your Bitcoin to solve a life matters is never a bad idea at any stage, because the reason why you have investment in the first place is to be able to solve any responsibility that may come your way both the ones you are prepared for or those situations that take you unaware and unprepared for, the most important thing to always look out for a few which includes record keeping and a buy back plans.
As an investor once you have this two tools in your possession, you won't regret selling your coins on the way up, because this two factors will keep you in the best possible position in your DCA approach mechanism.
1: if you keep a record, that will help you to make best selling and buying decisions with accurate figures since before you sell off any of the portion of your accumulated bitcoin, you already written down how much quantity of satoshi sold and at what price.
2: secondly and lastly, if you have a strict buy back mechanism, the market volitility will always provides you with the opportunity to buy back regardless of what price you sold your bitcoin, the ability to identify those buy back opportunity is what makes you to remain at gain all the the time.

Belike sapa never hold you before, e get as e go be for you, you go begin sell your Bitcoin irrespective of how you plan yourself. Na Nigeria you dey and when Nigeria happens to you, you no fit recognized yourself again. When you sell e no necessary mean say you're losing interest in Bitcoin but sometimes you wan just survive and anybody going through rough times but have some Bitcoin, e no bad if you sell some use hold body because na who dey alive na the person wey go enjoy no be person wey dun die. No go say you no go touch your investments in any situations unless na 6 feets you go find yourself.


You can also change your strategy because the present one no dey work again. Make I say you been dey DCA but you lose job and was unable to continue, you fit shift from DCA monthly to like quarterly or any how your hand reach. No go dey overdo pass yourself or you no go fit keep up and it might lead to something you didn't expect. The only time I think people can actually lose Interest in Bitcoin is when they start believing all the crab they're been told about altcoins and they buy into the Idea of going for altcoins instead of Bitcoin.

We have to consider the reason why a Bitcoin hodler wants to sale his BTC before we can say that he has lost interest in the investment. If an investor sales his Bitcoin to party or buy luxury items then the person can be said to lose interest in Bitcoin investment, especially if the investment hasn't yielded enough returns. But when a person sales their Bitcoin to cater for health challenges where there is no other source to get it, then we can not say that the person has lost interest in Bitcoin investment, it is not a wise decision to have funds somewhere and be suffering or die for a lack it. One of the essence of having investment is to accumulate profits on our funds to take care of our needs in the future but sometimes the need for money can happen earlier than expected and we might not have a choice but to tamper the investment for the important need like health issues. Taking from your Bitcoin investment or stopping your DCA method for a while doesn't mean that you have stopped the investment.

Nah only investor wey no get any intention to invest for Bitcoin for the long run, as Bitcoin dey so nah good store of value and we also need money to continue the investment for the long run. Some people check them self well and them know say them no dey get money every month so then decide to invest for short term or them choose to trade Bitcoin instead of investing for long term.
Bitcoin investment need person wey dey get money separately and not person wey put all em hope for Bitcoin say if em invest within short period of time em go make big profits.
Some investors misconceptions lead them to sell at loss because them no get better OT, as Bitcoin investment dey so, knowledge and money matters because this nah the two things wey go make your investment last longer. Some investors no get patience nai make them dey always sell at loss. As long as say Bitcoin goes down e go still come up again, but most people know get patience nai make them no fit continue their investments.

Hence your passionate about your bitcoin investment plan, nothing will deter you or make you lose focus, haven known the potential bitcoin is associated with, even the though you see media sentiment and any other form of attack on bitcoin. As an investor it is believed that you are matured and you understand how the psychology of how the market works, if the price of bitcoin goes down today, that is an opportunity for you to even buy, and not for you to have panic attack because the price will definitely push up again.

For me the only sign that will make me want to look as if I'm beginning to lose a bit of interest in my investment is when I don't have the financial muscle to pull through on my bitcoin investment, because ordinarily I don't see what will make me want to lose out on a financially pathway so promising as bitcoin.

Everything wey you dey talk about our interest dropping na when our wallet begin drop in value then some people go begin believe the fud going on.

This one na true and the buttom line be say when our reserve go down, e no dey encouraging. Some times you go dey think say if to say you know wetin want happen make you don sell off before that drop. This dey always disturb newbies especially those wey invest through someone and dem just dey interested for updates. Some newbie hodlers are always online listening to what people say about bitcoin and the fud get to them making them to sell in loses instead of using the opportunity to DCA.

This is so true. We can't be too sure of what life holds for us the next day. Even when you have good plans to remain consistent in buying Bitcoin and you've told yourself that you won't sell regardless of what happens, it will be total foolishness for you to have a life-threatening situation or get involved in a very demanding issue and keep mute because you're investing for the future benefit.

Some people sell off their homes, lands, cars, and literally all they have as possessions when life hits very hard and they don't do so because they've lost interest in those things but basically because life happens and when it does happens you've got to respond to it with whatever you have as a shield.

It's even better that you have what you can sell at times when life might have choked you than being helpless and hopeless and resorting to begging others for help. I know we've always talked about setting out an emergency fund that protects our holding so should an emergency set in, we can easily shield our Bitcoin and sort those things out with our emergency funds but If your emergency fund can't solve the challenge and you have to use part of all of your Bitcoin in a worse case scenario, it's better than not having what to fall back to.

Life is not ideal and while the primary purpose of buying and holding Bitcoin is for the future profit that could lead us to early retirement or serve a goal we've set for ourselves at certain time, an alternative reason why you should also buy Bitcoin is to have a source you can fall back on in times of challenges and if your Bitcoin stack bails you out in that kind of moment, then you actually had a profitable Bitcoin accumulation adventure.

Life can happen to everyone; one may lose their work and be unable to keep up with his DCA, or worse, wind up selling their hodlings to meet essential requirements; you cannot leave your BTC pipe up somewhere when you have a critical life need and not touch it. People make these decisions not because they are losing interest in Bitcoin; rather, they have found themselves in a critical circumstance that necessitates them to sell everything.

There's always buying opportunities in crypto - na person wey don chop dey save.

The truth is what when you don't know why you started investing in Bitcoin neither do you have target to achieve, then it is possible to display someone of the character you narrated in this post. No doubt, it gets boring doing something that is routine in nature but the reason for starting and the target should be enough motivation to continue buying Bitcoin with whatever method one have chosen that is giving the desired results.

The main reason why people sell their Bitcoin when they are still at the accumulation phase is lack of planning because with proper planning in place, one will not put all his money into Bitcoin. The right approach is to set aside fund for basic needs, and also set up emergency funds and sometimes reserve funds after which investment can be made so that there will be no pressure that will make the investor sell the Bitcoin as there will also be funds to take care of his needs. Some people have the habit of putting all their money into Bitoicn only to start selling it when they encounter little financial challenge that their emergency funds would have taken care of. We just have to apply wisdom so that we will be able to save for the future.

This is the stage where our consistency level begins to depreciate, and I must tell you that it is one if the highest factors that slow accumulation to achieve the target at the specific timeframe we have mapped out. One way to help solve inconsistency is by using automation or applying a budgeting spreadsheet to keep track for us so that we get notified when we are supposed to DCA.

Tapping into our investment is highly dangerous. And this is because our portfolio will get smaller thereby prolonging the investment period. I know sticking and maintaining discipline can be very hard especially in a country where the economic situation is worse. But there is a way out of it.

1. Remember the reason why you are investing and speak it to yourself regularly as this may ginger your spirit back into maintaining discipline.
2. Doing research and engaging in conversation like this can help a lot because you will interact with like minded individuals and see a reason not to tap into your investment. Reading books and media resources can be very helpful since it gives insight on the dangers of tapping into bitcoin investment without reaching the maturity date.


I will be very angry if anyone sees this as a reason to stop investing in Bitcoin. Someone who truly believes in Bitcoin by now would have known all the movement it has done in the past and how the future would look like if we continue investing, Last week Bitcoin was below 60k around 56k but what is the price as of today? Bitcoin is 65k and counting. Anti Bitcoinner would always take advantage of a lnsight drop and start creating an online presence on worthless conversations like; Now is downtime, Bitcoin dip more and more. Lol only weak hands would fall for that, because that is not enough to change my mind set at all on Bitcoin.

The start of every journey comes with seriousness and total commitment to the set goal but when you continue doing it for a long time, interest may fizzle out gradually and with time, the chance of staying committed to reaching your goal may become almost impossible.

As Bitcoin investors, the start of our investment is always amazing and the joy that we're building our Bitcoin portfolio overwhelms us and serves as a core motivation that keeps us going in our accumulation but along the way, we might start losing interest gradually and if we don't pay attention to the process, we might not know until it becomes impossible for us to continue on our accumulation goals.


So what are the signs to look out for as what shows we've started losing interest in our Bitcoin investments?

1. We become inconsistent with our DCA: when we've decided that we're buying $30 worth of BTC every week and then start missing out on most weeks, it shows we're losing interest in our Bitcoin investments.

2. We start selling part of our holding: when we break our own rule we've set that we won't sell our holding until we've reached a certain amount and can easily sell out our holding when a slight thing comes up, it means we've started losing interest in our Bitcoin investments

3. When We get easily moved by media sentiment and slow down at buying Bitcoin because of what anti Bitcoinner are saying about Bitcoin HODLers, it shows our interest has started coming down.

When you start noticing one, some, or all of these things, it shows you're losing interest in your investment and the best thing to do is to look at what caused the decline in your belief in Bitcoin and fix it ASAP.

Let's add what we think are the signs that show one is losing interest in his Bitcoin investment.