Do you set moonshot goals for yourself in crypto?

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We all have dreams, we all have goals and we all have targets that are a driving force in our path in life. And sometimes we might want too much and set some moonshot goals for ourselves even if we are not skillful enough or do have the resources to accomplish them right now and end up setting an audacious milestone knowing that. Thus, we end up committing to it anyway and then try to reverse engineer the steps necessary to get there. We try this way to jump multiple spaces at a time and by doing that we might fall into difficulties and problems that we have simply not anticipated. Sometimes we might be lucky enough to avoid the mining field that we try to go over, but most of the time we will end up failing.

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So instead of setting moonshot goals, it is better to quantify realistically what we want to achieve and get there one step at a time. And I can say from experience that I've set moonshot goals during the bull market and fell like the angels from the sky in the bear market. But at least I've learned from it or at least think that I did and while the market is in recovery I am more focused than ever to build and grow my crypto portfolio and plan for exit points in the future. I've kept it simple and decided to sell 50% when my assets will reach the previous All-Time High levels and if they will continue to raise progressively sell 10% for each other 10% rise in prices. This will allow me to still be in the game, but take profits incrementally in order to use them in the real world and enjoy every aspect of life. Now it just remains the question for you.

Do you set moonshot goals for yourself in crypto?

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I prefer realistic goals because that way, I can see my progress getting to that goal on time. If I do reach my goal early, then I can always bump up the goal later but I see no point in making moonshot goals.

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I set both realistic and moonshot goals. The moonshot goals are long term goals and the realistic ones are short to medium term goals.

I've kept it simple and decided to sell 50% when my assets will reach the previous All-Time High levels and if they will continue to raise progressively sell 10% for each other 10% rise in prices

That's a good strategy to implement in the upcoming bull market :)

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Since the end of last year, I set my goals. My goals anchor on been a successful crypto trader so that I will be accumulating many of it.
I've already taken some steps so far although the materials that I'm ready and expecting to buy others are expensive

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I am not sure if trading is a sure thing, but if you are good at it and prove yourself in the past setting goals based on that experience can be realistic enough.

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Let me give you an example of how my DCA out strategy looks like for EGLD for example. First 5 of them will be sold at $100 a coin and the last 5 at $1500(if we get there) with many other sales in between those two. Is that a moonshot? I don't know, but I sure don't want to blow another bull market.

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As long as you take some profit I don't think it is a moonshot as you already cover your bases.

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Exactly. The moonshot is the upper-end target but I will be cashing in some profits all the way up to these moon targets.

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The best thing in crypto is DCA because I also started buying one from the bull market so far it has gone down a lot. I am also buying further below it as soon as the market bullish it will go up a bit. First of all a person should set his goals in crypto that if he is investing in them if he gives three or four X then sell it and come out with his profit.

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Yes, I set moonshot goals, but split them by month, week and sometimes by day, depending on the target. And yes, I keep taking profits to diversify the asset classes.

Some !BEER for you

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