What did you do After Reaching your Bitcoin Goal? - page 3.

_BlackStar

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Quote from: AYOBA on September 14, 2023, 02:49:58 PM

Quote from: alastantiger on September 08, 2023, 01:50:07 PM

-snip-

After you have accomplished your initial objectives, the following level of application is for you to begin and considering how to establish a new asset. Because you can be sure that now that your goals have been attained, you want battle for any other goals. No, now is the time to put in some effort and invest in a variety of endeavors so that your future successes will exceed those of the past.

That's it - the average investor will rebuild his investment portfolio after getting a return from his first investment. The desire to have more and more will always be there so that we will not all be satisfied with just one achievement, even if it is a large amount.

As long as the opportunity to gain returns from investment still exists - it is only natural that people will continue to take advantage of it. Someone who has made millions of dollars in returns on bitcoin will very likely re-build their portfolio when the price of bitcoin has fallen deeply - that's an opportunity for them, as it is for us.

AYOBA

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Quote from: alastantiger on September 08, 2023, 01:50:07 PM

The question that's been on my heart is what do I do when I finally reach this goal: set a new one and DCA or just keep DCAing without any goal in mind. If you have reached reached your Bitcoin goal what did you do after then?

After you have accomplished your initial objectives, the following level of application is for you to begin and considering how to establish a new asset. Because you can be sure that now that your goals have been attained, you want battle for any other goals. No, now is the time to put in some effort and invest in a variety of endeavors so that your future successes will exceed those of the past.

Finestream

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Seems like it’s still uncertain as to when I’d be able to hit my bitcoin goal. Although I’m into DCA, but since I only have less amount of money left from my salary, then I’m only buying a little amount of bitcoin every time. However, if asked what’s my next goal after bitcoin, I think as long as it remains profitable, then I will never get through with it. I will surely accumulate into another set of bitcoin and maybe diversify some of my profits into real investments that will provide me passive income in the future.

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Quote from: coolcoinz on September 13, 2023, 10:38:05 AM

That's right, OP. After reaching your goal you set a new one. That's exactly what I did.
I sometimes feel like a collector, since it has some of that vibe when you're in a campaign and get a few coins every week. Feels like adding to your little piggy bank Cheesy

Right now my goal is to keep adding and holding until the price is decent and I usually see 50% of the last ATH as a pivot point. Before that it's accumulation time and after reaching it I slowly start thinking about spending.

I don't even have a goal for now, maybe in the future when I'm able to accumulate the amount of Bitcoin I've been longing for to make me the kind of person I intend to be. It is a good thing to be a Bitcoin investor and trader at the same time. I ought to make and earn good amount from being a Bitcoin investor since the market is open to everyone that are interested to ride on the journey to the moon. Bitcoin has been the power house of crypto market and it is going to keep up the moment for as long as possible so everyone of us that are investors still have more to benefit.

coolcoinz

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That's right, OP. After reaching your goal you set a new one. That's exactly what I did.
I sometimes feel like a collector, since it has some of that vibe when you're in a campaign and get a few coins every week. Feels like adding to your little piggy bank Cheesy

Right now my goal is to keep adding and holding until the price is decent and I usually see 50% of the last ATH as a pivot point. Before that it's accumulation time and after reaching it I slowly start thinking about spending.

Kelvinid

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What happens next I forget the first goal and move to the 2nd goal, and so on. As long as we still have the chance, we can't just stop from our first goal but instead continue and make other achievements. This is really what it tells us people that we are somewhat greedy and want more achievement in life but I understand, it is our reputation as well. We can just stop at 1Bitcoin and limit ourselves if we know that we can still do it. In fact, we have given the chance either and I believe it was not reasonable to reject it.

Honyek

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Reaching one's bitcoin goal depends on what one sets as one's goal. For me, if l reach my bitcoin goal, l will set and pursue another. Normally attaining one's goal is not an easy task and chance. One has to make serious endeavor, after which one will leave it to what circumstances will bring. However, it is good to continue to get along when one goal is reached, in order to encounter more useful result.

icalical

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I don't get what you mean by goal, is it the amount of your fund or is it the profit you made from your investment. I don't know if we have the same understanding about DCA, but as far as I know when you do DCA, you are supposed to invest the same amount of money into an asset regularly, regardless the market condition, I don't think there is any goal to be set in DCA.

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Quote from: alastantiger on September 08, 2023, 01:50:07 PM

I may reach my Bitcoin goal very soon all thanks to majorly the Dollar Cost Averaging strategy. I have been investing some specific amount into Bitcoin every month since the past couple of years. I have been at least 80% consistent in doing that through the dips and the funds and the bears and the pumps. The question that's been on my heart is what do I do when I finally reach this goal: set a new one and DCA or just keep DCAing without any goal in mind. If you have reached reached your Bitcoin goal what did you do after then?

Congratulations for reaching your goal (at least, soon)!

In my case, I'm still far from reaching it, but when (if) I do I guess that my life with financial independence will (would) be much easier. Most of us live a life in which it is almost mandatory to get a credit to buy a car or, at least, a house, and I see how most of my friends get mortgages for 30 years, mortgaging not only their home but their life.

I hope that Bitcoin will save me from such a fate.

Odohu

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I did not really have a fixed target for myself because there is no amount of Bitcoin I would have accumulated today that will make me to stop accumulating Bitcoin. My approach have always been to secure certain amount of dollar worth of Bitcoin in a certain period of time(which is what you mentioned as DCA).

As a matter of fact, Bitcoin is one of the major asset I intend passing on to my heirs, so the more I have it, the more the fortune I will give to my heirs. This post was where I made inquiries on how this can be done and I received wonderful suggestions that I am studying to be able to implement them.

My approach may be different from others but I see Bitcoin like a treasure and I don't see the need setting an overall fixed target.

Lucius

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Quote from: alastantiger on September 08, 2023, 01:50:07 PM

~snip~

If your goal was just to have say 1 BTC and you finally achieved it or are getting close to it, the question that arises is whether you did all that just to get to that number, or do you think that keeping your value in Bitcoin is better than in your local currency? If the answer is the latter, then you will continue with DCA according to your capabilities, even without setting yourself a new goal, although it is never bad to motivate yourself.

I think the decision is up to you, but whatever you decide, you can hardly go wrong because it seems to me that you are going in the right direction Wink

Jon_Hodl

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I don't think there really is "reaching a goal" for me. I will always be working on something or another until I am no longer able to work. Some of the things I produce will be worth some sats to some people so I will accept bitcoin as payment for them.

Naturally, there will come a day where I spend bitcoin on buying goods and services but as long as I spend less than I earn, I will have plenty of bitcoin for as long as I live and I can pass some along to any loved ones after I die.

I guess my goal is to always be earning some bitcoin and always be spending some bitcoin on things I need/want or to grow my local community.

Faisal2202

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Quote from: alastantiger on September 08, 2023, 01:50:07 PM

I may reach my Bitcoin goal very soon all thanks to majorly the Dollar Cost Averaging strategy. I have been investing some specific amount into Bitcoin every month since the past couple of years. I have been at least 80% consistent in doing that through the dips and the funds and the bears and the pumps. The question that's been on my heart is what do I do when I finally reach this goal: set a new one and DCA or just keep DCAing without any goal in mind. If you have reached reached your Bitcoin goal what did you do after then?

To be honest, I have only one goal. Which is to time the market correctly. Which I know is not possible, but you say what your goals are, so this is mine. After that, I will try to book the profit and sell all of my BTC. Because after a bull run (after halving, there comes a bull run in which BTC makes its ATH), there will be a bearish cycle too.

And for that, I must have some fiat in my hands too. No doubt, the BTC might not come to the lower points as it has now. But still, the price of BTC will fall after touching the ATH, and at that time I will start to do DCA again. And then repeat the process. If things go right for me, then I might spread my investment into some ALTs, but till then, I said good-bye to ALTs.

PS: I think we should first focus on our goals rather than thinking beyond something that has not yet come. Be realistic, but yeah, having a plan for another plan is also a good thing.

Oneandpure

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Personally based on human attitude, there are not any one have reached their goals with investing in Bitcoin and keep trying accumulated as much possible in the future although they have many bitcoin in their wallet. I want to be financial freedom is my goal and keep investing in Bitcoin every day before earn income at the future and bitcoin success raise to higher price. First thing can make my position success reach goal with investing in bitcoin want to see again price up above $60k and looks will enjoy my daily day with selling bitcoin and have been in financial freedom condition.

But don't look with bitcoin current price and make all of you disappointed for investing in bitcoin, keep forward with the future possibility bitcoin will back to higher price and our daily investing in bitcoin will worth and have higher values in the future.

lizarder

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Quote from: alastantiger on September 08, 2023, 01:50:07 PM

I may reach my Bitcoin goal very soon all thanks to majorly the Dollar Cost Averaging strategy. I have been investing some specific amount into Bitcoin every month since the past couple of years. I have been at least 80% consistent in doing that through the dips and the funds and the bears and the pumps.

We will always appreciate the steps forward you are taking and I think this method can also be used by most other people, especially those who don't have large capital to start investing. DCA always provides opportunities for anyone who wants to invest and if they can apply it regularly they will reach a good stage in their investments.

Quote from: alastantiger on September 08, 2023, 01:50:07 PM

The question that's been on my heart is what do I do when I finally reach this goal: set a new one and DCA or just keep DCAing without any goal in mind. If you have reached reached your Bitcoin goal what did you do after then?

When you have obtained maximum profit from this investment, what you need to do is try to create several other steps to fulfill your reinvestment in Bitcoin. DCA can be applied regularly even if you have made large profits from previous investments because there is no time period to do it and DCA will always be profitable to do. You can also take big buying opportunities when bitcoin experiences a decline as a big accumulation move in long-term investments and all you need to do is study at what price this is done.

If you have skills in the business sector then applying business in your life will also look good because you will have several niches of income in life. This is the pattern of rich people in making their financial resources increase in several sectors and not being stuck in just one place which will make they survive in comfortable conditions.

348Judah

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Quote from: alastantiger on September 08, 2023, 01:50:07 PM

I may reach my Bitcoin goal very soon all thanks to majorly the Dollar Cost Averaging strategy. I have been investing some specific amount into Bitcoin every month since the past couple of years. I have been at least 80% consistent in doing that through the dips and the funds and the bears and the pumps. The question that's been on my heart is what do I do when I finally reach this goal: set a new one and DCA or just keep DCAing without any goal in mind. If you have reached reached your Bitcoin goal what did you do after then?

Maybe I should say this that you aren't seen anything yet bigger than your expectations only if you can wait and hold once more to experience another halving coming next year whereby the market will get to another new all time high, this period is still serving as an accumulation stage since we are still in the bear market and we also still appear more distant from the all time high of $68,000 all these are what you can consider to hold to hit the utmost priority for your own benefits only if you can see it this same way coming by not releasing yet.

Hypnosis00

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Quote from: alastantiger on September 08, 2023, 01:50:07 PM

I may reach my Bitcoin goal very soon all thanks to majorly the Dollar Cost Averaging strategy. I have been investing some specific amount into Bitcoin every month since the past couple of years. I have been at least 80% consistent in doing that through the dips and the funds and the bears and the pumps. The question that's been on my heart is what do I do when I finally reach this goal: set a new one and DCA or just keep DCAing without any goal in mind. If you have reached reached your Bitcoin goal what did you do after then?

Make another goal and increase your target, or stop investing.
Honestly, investing is gonna be addictive especially if you are consistently doing this and seeing it is profitable. Because for me, after reaching my goal, I'll be making another one and another. I'll keep investing not because I was not contented but it is because I consider this as a good source of income. I'm sure nobody can afford to lose the opportunity knowing that it gives you money and a better life, it certainly you'll be sticking to it and continue doing.

Sim_card

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Quote from: alastantiger on September 08, 2023, 01:50:07 PM

If you have reached reached your Bitcoin goal what did you do after then?

Human needs can never be satisfy and that is how my bitcoin goal cannot be satisfied,no matter how many bitcoin that i have accumulated. I have chosen to make bitcoin as part of my life just like the way that i cant do without fiat. The only thing that i know for sure is that at every bull run, imay be tempted to sell little fraction and continue hodling with DCAing on my bitcoin investment portfolio. I have planned to achieve so many bitcion as possible so that my kids can inherit it when i have gone to meet my ancestors. it is all up to you to decide on what next you will do after you have achieved you bitcoin target goal because we all have our different goals.

DeathAngel

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Obviously reaching a round number is always great but it’s a constant fight to either stay at that number or reach the next one. Just be happy knowing that you are in bitcoin early enough for it to make a real difference to your life. Keep stacking & don’t get too hooked up on round numbers or certain targets. Simply by being in bitcoin now, you are halfway there to making it.

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I'm glad you will soon reach your Bitcoin goal, proving that you are almost there. My next suggestion is to get ready for the arrival of the bull run and you can determine at what price you will sell your Bitcoin. And remain patient if the price cannot reach your target price, especially at times like this.

My other suggestion is that if market conditions are still like this until the end of the year, you can continue using DCA until the end of the year. Maybe it will exceed your plan for doing DCA. But that's okay because you can also have more Bitcoins.

I'm still on the road using DCA and'll probably keep using it until the end of this year. That's what I suggest to you. But everything will return to you because you must decide for yourself.

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