Buy Buy Buy or Sell Sell Sell?

[ejikeme24]

Investing aggressively in Bitcoin is not a good decision. It has the potential to cause you financial loss.

It's when you buy over aggressively outside your discretionary income that will make you sell your bitcoin when your needs arises if bitcoin price is below your entry point. The most important thing is that you should have good cash inflow management practice. Investing aggressively gives you the opportunity to build your bitcoin portfolio in a faster pace for the future, which is good. To front load your bitcoin investment is also good.

Yes, you are absolutely right. Aggressive investing is not harmful for everyone. Before taking an aggressive approach, you must ensure that you have your backup funds ready and sufficient cash flow in reserve. If you then have the informed capital to take an aggressive stance, why shouldn't you go for it?

I agree with you on the fact that aggressive investing is not harmful for everyone, and you also Said about making sure that we have backup funds, and reserve funds available. And yes, is very important to make this above mentioned funds available before one should be looking into aggressive buying of bitcoin, one more thing that need to be added is that we should not be over aggressive because excessive doing of everything is not good, so while investing aggressively we should do it within our boundaries and not to think of crossing boundaries.

[Sonia_123]

Hmm… you’re still not getting the point, all you need to start is that extra little money you can afford to lose which is your discretionary fund,

You have a very poor mindset of what it takes to successfully build and sustain a Bitcoin investment. First, you should adjust this mindset of investing what you can afford to lose because such mindset will only make you afraid of even investing in Bitcoin because you cannot intentionally put your money where you will lose it. There was a reason it was recommended to invest only discretionary income because that is the money you can keep

For someone who has a rich mindset of bitcoin investment and yet you don’t know what the phrase “afford to lose” means. No one goes into investment expecting to lose, that’s not what I’m talking about or what the statement means; it only means your protecting your financial well-being and managing your risk. And I even added which is your discretionary fund. Dude didn’t you see that? Or you’re trying to support what you don’t understand eh?
How are you a Senior member when you don’t understand this simple phrase ?

Discretionary income is not the amount of money an individual can afford to lose. Discretionary income is your total income minus your expenses for basic needs.

Is like you are a bit confuse here buddy, you said that discretionary income is not a money you can afford to lose, if that's the case, then what is discretionary income?
Because in still your writing, you said that discretionary income is the money left after your basic needs have been taken care of, which is very true, in Bitcoin investment it is always advisable to invest with an amount you are willing to lose, and it's only your discretionary income you can afford to lose, that is why it's recommended when you want to invest in Bitcoin, so am surprised by your statement that discretionary income is not a money you can afford to lose.

When we are referring to an amount of money that a person "can afford to lose," there is a psychological component.

Of course, a person could invest up to 100% of their discretionary income into bitcoin, yet if they make mistakes and they have no money left, then they might accidentally use money that they need for their expenses, so there can be dangers in using 100% of your discretionary income for investing in bitcoin.

Yes, you are certainly right sir, using 100% of your discretionary income to invest in Bitcoin might land you in trouble financial, but am still curious, if you already have a good emergency and reserve funds in place that can carry your financial burdens for more than 3 months, would it still be wrong to invest like 90% or 100% of your discretionary income?

Another thing am curious about is, I initially thought that our discretionary income is that money we can afford to lose because it's the money left after all expenses of our basic needs has been taken care of, so I really want to know, how best can we discribe that money we can afford to lose from our weekly or monthly income?

If you invest 100% of your discretionary income, you will always be dependent on your emergency fund. For example, we never know what will happen in our lives. Suppose you need $100 a month for your son or daughter. But this month your son or daughter will need $200 because their school fees etc. will be more this month. But you did not know that if you had budgeted $100 this month like every month and you invested 100% of your discretionary income, then you may have to take money from your emergency fund or take a loan from someone. So that you do not have to take money from your emergency fund for such small amounts, it is better to keep some money on hand. If you needed half of your emergency fund and then you had a financial crisis, you would have to sell your holdings.

It is good to buy aggressively, but not so aggressively that you put your holdings at risk.

Does it mean that if we invest all our discretionary income that is a bad choice of investing in Bitcoin, honestly speaking I don't think there is anything wrong if we choose to invest all our discretionary income into Bitcoin, considering that out discretionary income is money left over from our income after paying our expenses, Well I know sometimes life is unpredictable and we could make mistakes investing from our income which is meant for expenses, that is where we could fall into some trouble.
Perhaps what if an investor have a good financial management with an emergency funds and a reserved funds to help In sustaining your investment. Sometimes most folks would want to accumulate more aggressively, should that be discouraged as well because most guys would want to accumulate aggressive with all there discretionary funds, I absolutely think that investing in Bitcoin with all your discretionary income wouldn't be catastrophic considering that an investor have a good financial management. Talking about emergency funds which is meant for emergency situations we cannot dispute the fact that situation were we would attempt to use them wouldn't arise, and we also have reserved funds to also help for circumstances were you could imagine we have to access this funds, a good financial plans and management is important to sustain this situations

Yes investing all your discretionary income is a bad choice because as human, we have a lot of unforseen expenses than our seen calculated expenses and so spending all your discretionary fund will keep you cashless, and if cashless and Bitcoin has a slight reduction or a sudden dip in price and you wish to buy more, from where are you going to the extra fund to accumulate more, because you will wish to buy more or your personal expenses how are you going to survive, if the pressure is much, you will have no choice than to sell part of your Bitcoin.

Take for instance after using all your discretionary income and you have a serious health challenge, or your wife put to birth before the due date of her delivery, that part of your discretionary income can solve, but because you don't have it , will you prefer to go and loan or borrow money that will be accumulating interest for you or prefer to sell part of your investment if not all, even if you are single, you still need to have some extra cash on you because because of emergency.

[Popkon6]

You need a discretionary income to reach your goal. If you set a budget to reach your investment goal, then maybe, you can step away from your investment. For example, if you set a budget that you will buy using the DCA method for the next 10 years, how will you cope if you face a financial disaster?

Dont make things more complicated. I believe there is no one here who dont know the essence of having a discretionary income. And yeah, your description of it may seem to be unclear. For better understanding, any money use to start an investment or a business is called a capital. The total discretionary income, after completing your goal can be said to be the capital invested. You can choose to put the capital once if you have it, that is if you are using lump sum. While DCA actually means spreading it across several periods.

In fact, the DCA method creates savings for investors in buying Bitcoin, just as you look for savings when purchasing anything, every investor has the right to get savings in Bitcoin investment, so this method is the best method for investors. For example, you bought Bitcoin at $104k last week, today the price of Bitcoin was about $110k. If you had bought it here for $100, then of course there would be a cost in buying Bitcoin and if the price of Bitcoin drops compared to the past price, there would be a profit on selling. In any way, if you buy Bitcoin

[gracreavix]

You are largely correct that money that you can afford to lose could be up to 100% of your discretionary income, yet many times people do not think about their discretionary income like that, since an overwhelming majority of people (especially normal people) spend some portion of their discretionary income on things that they want, whether it is going out to a restaurant or perhaps buying name brand sneakers, or having a few drinks at a bar, or buying a bicycle for their niece, so there is some value in present consumption rather than future consumption that might not happen.  There are also psychological components, so even if you have a lot of faith in bitcoin, you likely still need to take care of various psychological needs, so if you spent 2 years building up your bitcoin holdings, and maybe you are not really in profits, and then all of a sudden, the BTC price drops, 30% and you are pretty upset, and then it drops another 50% from the 30%, which then causes you to be right around 50% down, and then it drops another 40%, so then at that time, you are a total of 70% down, and you are supposed to be buying more BTC the whole time, and maybe you keep buying BTC, yet at the same time, you are feeling like you are running out of cash.  Maybe you were investing around 20% of your income into bitcoin, but then once the BTC price started crashing, you started to put 25% to 30% of your income into bitcoin, so maybe you have invested the equivalent of 60% of your annual income into bitcoin.

You could even become psychologically weak from the whole situation, and some folks might have had been telling you not to invest so much in bitcoin and then now they are telling you "I told you so", and they are even telling your that you could have had 3x more bitcoin if you had not been so aggressive in buying bitcoin "at the top."  Maybe it even takes 1, 2 or even 3 years before the BTC price starts to seem like it might have stopped dropping and staying flat... but you are still in the negative with how much you put in as compared with how much your BTC holdings are worth.  If you can tolerate all that negative BTC price pressure, then sure maybe you have invested no more than you can afford to lose, but you are going to end up being financially and psychologically challenged if the BTC price moves against you... so you actually need to find some balance in which you are both financially and psychologically comfortable, which is also part of the reason that many people are not going to invest 100% of their discretionary income, and maybe they will find some way to be aggressive without over doing it, but maybe invest around 50% or 60% of their discretionary income into bitcoin.. so then they have the remainder of their discretionary income as a kinds of cushion.

Solid take, Liked ur perspective here, especially the way you broke down the psychological side of investing. The truth is this is something that does not get attention, and it plays a huge role in how we survive the ups and downs.

I would say while 100% of a discretionary income might be possibly “money you can afford to lose” it does not mean it is wise, at least not from a psychological side. As human beings, we are naturally emotional. We also have everyday needs and little pleasures that contribute to our mental balance, whether it is spending time out with our friends, buying something small for our loved one, or that feeling of just knowing you have a bit of money for the unexpected. These are not unnecessary expenses, they are what help us stay sane and steady. Haha..

When someone put all their discretionary income into Bitcoin, they will for sure feel confident at first. But if the price drops 30%, then 50%, then 70% like you said, it then gets real very quickly lol. And even with the fact that they believe in the long term. And also with those folks and outside noise all piled, it does not matter how the conviction is it will affect our emotion, and if your emotions are unbalanced it would not be good in the long run..

That is why balance is so important. Maybe it is 50% or 60% of your discretionary income into BTC, or something that works best for you, and the rest set aside to keep life moving. I believe this way, will help not to be emotionally or financially cornered. Can even decision to keep buying if choose to, i think it is best to be in control emotionally and all, that would help in the long run..

[Solokan]

Investing into Bitcoin with a budget in mind wouldn’t be quite easy, Bitcoin is a very volatile assets so it wouldn’t be very easy to have an amount in mind to use in investing, that is why I think it’s more reasonable to accumulate gradually on a weekly or monthly basis depending on  when you’ve have a discretionary funds, and planning on budgeting will definitely make us not to accumulate much bitcoin considering the volatile nature of bitcoin , because there are times when Bitcoin would increase and times when Bitcoin would decrease, having budget in mind would probably make us not to exceed our budget, Waiting to get whatever amount of budget set aside before starting to invest would be a waste of time because you might not get that budget which you planned.

At this point, instead of using budget why not we replace the word with "target" because budget might actually mean we wont exceed that amount no matter what which may not be possible. Investors sometimes get overwhelmed after accumulating a large chunk, most of them just want to keep on accumulating and holding.

And honestly, the advantage of having a target in mind means you will reach that goal and can exceed it, if need for it arises, the point is you've reached the goal. Budget may keep us defined on the fixed amount we have in mind, and we know the drill "the more Bitcoin we have in our portfolio = the value of profit we will expect in the long run"

That makes an absolutely sense to me and your reference thick all boxes of someone whose true intentions is to accumulate Bitcoin and stack Bitcoin investment for a long term plans, "TARGET " Perhaps I have to decide now that I will accumulate Bitcoin for 10-20 years and now that is my target and I want to reach that target, now the question will be how do I execute this my target or my goal of accumulating Bitcoin for 10 years maximum, Assuming that I have a budget of a certain maximum amount that I want to accumulate damn that wouldn't be a wise decision to achieve my goal of investing and accumulating Bitcoin for 10 years maximum then my budget becomes a problem or hindrance to achieve my set goals or target. Well if I have a budget I might not be able to accumulate aggressive when I should. The word target or Goals are my favorite.

You need a discretionary income to reach your goal. If you set a budget to reach your investment goal, then maybe, you can step away from your investment. For example, if you set a budget that you will buy using the DCA method for the next 10 years, how will you cope if you face a financial disaster?

Investment You can continue to invest on top of your discretionary income and if you do not have an emergency fund, you can create an emergency fund along with investments. First, you need to determine how many BTC you can save in your portfolio or how many BTC you are willing to save. Along with this, determine the time frame of your investment. It would not be right to sell your investment until your time frame is over.

I agree with you, it is true that the most important thing is that we must have discretionary income to use to buy btc because of course if we use hot money, of course it will make us uncomfortable when investing in btc. and it is true that what is feared as you said when a disaster strikes and finally sells our btc.

we can also put emergency funds together while buying btc with the dca system and of course that way we will have peace of mind because emergency funds have been owned. but it would be better if we prioritize emergency funds first when we are going to accumulate btc, but of course rather than not buying btc at all while collecting emergency funds, of course it is better to collect btc while simultaneously collecting emergency funds.

but of course in this case we also have to be smart in managing everything including selling btc but yes if we collect btc for 10 years or more of course it would be better for us to sell 10 years after we finish collecting btc to get profit and of course the one who holds btc the longest is the winner and will definitely have big profit.

[Barikui1]

You need a discretionary income to reach your goal. If you set a budget to reach your investment goal, then maybe, you can step away from your investment. For example, if you set a budget that you will buy using the DCA method for the next 10 years, how will you cope if you face a financial disaster?

Investment You can continue to invest on top of your discretionary income and if you do not have an emergency fund, you can create an emergency fund along with investments. First, you need to determine how many BTC you can save in your portfolio or how many BTC you are willing to save. Along with this, determine the time frame of your investment. It would not be right to sell your investment until your time frame is over.

we can also put emergency funds together while buying btc with the dca system and of course that way we will have peace of mind because emergency funds have been owned. but it would be better if we prioritize emergency funds first when we are going to accumulate btc, but of course rather than not buying btc at all while collecting emergency funds, of course it is better to collect btc while simultaneously collecting emergency funds. .

It's true that emergency can happen anytime, and it can happen a day after you just start you Bitcoin investment, but that doesn't mean that you must have it before starting, if you can't put your emergency funds in place while simultaneously accumulating Bitcoin just as you have rightfully said, their is no point waiting, just start, along the line you can start fixing that lapses that may come back to hunt your investment on the longer run, so in essence of what am trying to say is that is very good if you can be accumulating Bitcoin and be putting your emergency funds in place at the same time, but if you can't do that simultaneously, then it's best to start accumulating with the little you can afford, in a few weeks time you can start putting your emergency and reserve funds in place for safety purpose.

[Dunamisx]

Once we are able developed a strategic plan for our investment in Bitcoin, things wouldn't fall apart for us as we continue to hold, but many ran into unforseen situations because of their negligence to adequate and effective planning ahead their investments, also, it's important in putting  this in place for those who are just getting into the system as newbies, they may have to learn on putting things in order for themselves.

[avp2306]

we can also put emergency funds together while buying btc with the dca system and of course that way we will have peace of mind because emergency funds have been owned. but it would be better if we prioritize emergency funds first when we are going to accumulate btc, but of course rather than not buying btc at all while collecting emergency funds, of course it is better to collect btc while simultaneously collecting emergency funds. .

It's true that emergency can happen anytime, and it can happen a day after you just start you Bitcoin investment, but that doesn't mean that you must have it before starting, if you can't put your emergency funds in place while simultaneously accumulating Bitcoin just as you have rightfully said, their is no point waiting, just start, along the line you can start fixing that lapses that may come back to hunt your investment on the longer run, so in essence of what am trying to say is that is very good if you can be accumulating Bitcoin and be putting your emergency funds in place at the same time, but if you can't do that simultaneously, then it's best to start accumulating with the little you can afford, in a few weeks time you can start putting your emergency and reserve funds in place for safety purpose.

Setting up a emergency funds is corner stone of smart financial strategy. If they can afford to pay attention to separate funds while they are starting their investment then its good somehow they create an early safety net for their selves towards unforeseen situation.

But if they can't afford it for awhile due to financial capabilities they can still set aside this for awhile and they can pay attention first on starting up their investment. They could pay attention to set up their emergency funds later on. Lots of people doing this and we could see that they are pretty fine with this kind of set up. What's important is we have goals to have emergency funds aside from having lots of Bitcoin since we don't know what's going to happen in future. Its good for people to be prepared on future issues so that they won't do any crazy decision that can affect their investment.

[Mayor of ogba]

Hmm… you’re still not getting the point, all you need to start is that extra little money you can afford to lose which is your discretionary fund,

You have a very poor mindset of what it takes to successfully build and sustain a Bitcoin investment. First, you should adjust this mindset of investing what you can afford to lose because such mindset will only make you afraid of even investing in Bitcoin because you cannot intentionally put your money where you will lose it. There was a reason it was recommended to invest only discretionary income because that is the money you can keep

For someone who has a rich mindset of bitcoin investment and yet you don’t know what the phrase “afford to lose” means. No one goes into investment expecting to lose, that’s not what I’m talking about or what the statement means; it only means your protecting your financial well-being and managing your risk. And I even added which is your discretionary fund. Dude didn’t you see that? Or you’re trying to support what you don’t understand eh?
How are you a Senior member when you don’t understand this simple phrase ?

Discretionary income is not the amount of money an individual can afford to lose. Discretionary income is your total income minus your expenses for basic needs.

Is like you are a bit confuse here buddy, you said that discretionary income is not a money you can afford to lose, if that's the case, then what is discretionary income?
Because in still your writing, you said that discretionary income is the money left after your basic needs have been taken care of, which is very true, in Bitcoin investment it is always advisable to invest with an amount you are willing to lose, and it's only your discretionary income you can afford to lose, that is why it's recommended when you want to invest in Bitcoin, so am surprised by your statement that discretionary income is not a money you can afford to lose.

When we are referring to an amount of money that a person "can afford to lose," there is a psychological component.

Of course, a person could invest up to 100% of their discretionary income into bitcoin, yet if they make mistakes and they have no money left, then they might accidentally use money that they need for their expenses, so there can be dangers in using 100% of your discretionary income for investing in bitcoin.

Yes, you are certainly right sir, using 100% of your discretionary income to invest in Bitcoin might land you in trouble financial, but am still curious, if you already have a good emergency and reserve funds in place that can carry your financial burdens for more than 3 months, would it still be wrong to invest like 90% or 100% of your discretionary income?

Another thing am curious about is, I initially thought that our discretionary income is that money we can afford to lose because it's the money left after all expenses of our basic needs has been taken care of, so I really want to know, how best can we discribe that money we can afford to lose from our weekly or monthly income?

If you invest 100% of your discretionary income, you will always be dependent on your emergency fund. For example, we never know what will happen in our lives. Suppose you need $100 a month for your son or daughter. But this month your son or daughter will need $200 because their school fees etc. will be more this month. But you did not know that if you had budgeted $100 this month like every month and you invested 100% of your discretionary income, then you may have to take money from your emergency fund or take a loan from someone. So that you do not have to take money from your emergency fund for such small amounts, it is better to keep some money on hand. If you needed half of your emergency fund and then you had a financial crisis, you would have to sell your holdings.

It is good to buy aggressively, but not so aggressively that you put your holdings at risk.

Does it mean that if we invest all our discretionary income that is a bad choice of investing in Bitcoin, honestly speaking I don't think there is anything wrong if we choose to invest all our discretionary income into Bitcoin, considering that out discretionary income is money left over from our income after paying our expenses, Well I know sometimes life is unpredictable and we could make mistakes investing from our income which is meant for expenses, that is where we could fall into some trouble.
Perhaps what if an investor have a good financial management with an emergency funds and a reserved funds to help In sustaining your investment. Sometimes most folks would want to accumulate more aggressively, should that be discouraged as well because most guys would want to accumulate aggressive with all there discretionary funds, I absolutely think that investing in Bitcoin with all your discretionary income wouldn't be catastrophic considering that an investor have a good financial management. Talking about emergency funds which is meant for emergency situations we cannot dispute the fact that situation were we would attempt to use them wouldn't arise, and we also have reserved funds to also help for circumstances were you could imagine we have to access this funds, a good financial plans and management is important to sustain this situations

Yes investing all your discretionary income is a bad choice because as human, we have a lot of unforseen expenses than our seen calculated expenses and so spending all your discretionary fund will keep you cashless, and if cashless and Bitcoin has a slight reduction or a sudden dip in price and you wish to buy more, from where are you going to the extra fund to accumulate more, because you will wish to buy more or your personal expenses how are you going to survive, if the pressure is much, you will have no choice than to sell part of your Bitcoin.

If Jostern wishes to use all his discretionary income to invest in bitcoin, I see no wrong in that because discretionary income is leftover money after paying for your monthly expenses; it can be used for unnecessary things, and therefore it's better for Jostern to invest all his discretionary income into bitcoin than for him to use part of his discretionary income on things that will not bring him profit in the future, like clubbing and buying expensive clothes.

[CageMabok]

I agree with you on the fact that aggressive investing is not harmful for everyone, and you also Said about making sure that we have backup funds, and reserve funds available. And yes, is very important to make this above mentioned funds available before one should be looking into aggressive buying of bitcoin, one more thing that need to be added is that we should not be over aggressive because excessive doing of everything is not good, so while investing aggressively we should do it within our boundaries and not to think of crossing boundaries.

In terms of investing in Bitcoin, everyone can do it more casually because everyone already knows their own abilities so that the things they need to limit can be set by themselves in order to keep themselves enthusiastic and not forced to invest. Because the goal of everyone who invests in Bitcoin is also quite clear, namely to be able to make themselves more financially independent in the future. So the arrangement of funds and methods that they need will definitely be sought and also carried out carefully because when we have invested carefully in the right place, I think the results will definitely be there and also more satisfying because we do it carefully without any sense of being forced.

[BitBakerr1]

Once we are able developed a strategic plan for our investment in Bitcoin, things wouldn't fall apart for us as we continue to hold, but many ran into unforseen situations because of their negligence to adequate and effective planning ahead their investments, also, it's important in putting  this in place for those who are just getting into the system as newbies, they may have to learn on putting things in order for themselves.

Dunamisx you are right, if you are investing in Bitcoin and you don't have a particular strategy that you are using that is comfortable for you it is a problem, however when you come across a strategy that you are using and you are comfortable with it, things will fall in place for you and you will succeed.
Planning yourself when you are investing in Bitcoin is very important, if you don't have a good plan in place you will fail in your Bitcoin investment journey, Bitcoin investment is a long term investment and in other to keep your investment going for that long term you need to make good plans and then execute it.

Some plans that an investor needs to put in place and then execute are.
1. Having a backup funds: have a backup funds is very important as an investor because it will help you during emergency period, instead of you to dip hands into your Bitcoin investment, you dip hands into your backup funds and settle any financial issues there by leaving your investment untouched and running.
2. Develop a good management skill: as an investor you need to develop a good management skill, you don't have to be spending money on unnecessary things anymore, because if you keep spending money anyhow you will discover you won't have enough discretionary income to accumulate Bitcoin.

[Tonimez]

I agree with you on the fact that aggressive investing is not harmful for everyone, and you also Said about making sure that we have backup funds, and reserve funds available. And yes, is very important to make this above mentioned funds available before one should be looking into aggressive buying of bitcoin, one more thing that need to be added is that we should not be over aggressive because excessive doing of everything is not good, so while investing aggressively we should do it within our boundaries and not to think of crossing boundaries.

In terms of investing in Bitcoin, everyone can do it more casually because everyone already knows their own abilities so that the things they need to limit can be set by themselves in order to keep themselves enthusiastic and not forced to invest. Because the goal of everyone who invests in Bitcoin is also quite clear, namely to be able to make themselves more financially independent in the future. So the arrangement of funds and methods that they need will definitely be sought and also carried out carefully because when we have invested carefully in the right place, I think the results will definitely be there and also more satisfying because we do it carefully without any sense of being forced.

You can also do bitcoin investment with a free mind of not being forced and still be doing it wrongly. The goal is in investing rightly in order to hold for a long time before selling. A person may put of anxiety that he has found his way to bitcoin investment and invest too aggressively that he touches his emergency funds or makes no provisions for emergency funds. Such person has done it without compulsion but has also done it wrongly.

In the midst of your eagerness to invest, also remember that it is not enough to do it willingly, but also rightly.

[Jostern]

Once we are able developed a strategic plan for our investment in Bitcoin, things wouldn't fall apart for us as we continue to hold, but many ran into unforseen situations because of their negligence to adequate and effective planning ahead their investments, also, it's important in putting  this in place for those who are just getting into the system as newbies, they may have to learn on putting things in order for themselves.

I understand your point and putting things like strategic planning in place, but I think it’s not ideal for someone to start putting everything in place before you can start investing into Bitcoin knowing full well that planning and strategy and financial management is adequate to start investing in Bitcoin holdings, but it would definitely take a while to start some process, especially for someone who is a low income earner or a pleb, but can be done gradually in putting everything in place to start investing into Bitcoin. We say Rome wasn’t built in a day and we can’t follow a perspective of taking everything by storm.

Having a good plans to sustain and maintain our investments is very important and shouldn’t be neglected unless for an investor who is planning to gamble with bitcoin investment are the once that shouldn’t have a good plan set aside to be able to continue investing and accumulating for a longer term. But that Idea shouldn’t stop me from starting my investments as a newbie.

[asarfiar]

Investing aggressively in Bitcoin is not a good decision. It has the potential to cause you financial loss.

It's when you buy over aggressively outside your discretionary income that will make you sell your bitcoin when your needs arises if bitcoin price is below your entry point. The most important thing is that you should have good cash inflow management practice. Investing aggressively gives you the opportunity to build your bitcoin portfolio in a faster pace for the future, which is good. To front load your bitcoin investment is also good.

Yes, you are absolutely right. Aggressive investing is not harmful for everyone. Before taking an aggressive approach, you must ensure that you have your backup funds ready and sufficient cash flow in reserve. If you then have the informed capital to take an aggressive stance, why shouldn't you go for it?

I agree with you on the fact that aggressive investing is not harmful for everyone, and you also Said about making sure that we have backup funds, and reserve funds available. And yes, is very important to make this above mentioned funds available before one should be looking into aggressive buying of bitcoin, one more thing that need to be added is that we should not be over aggressive because excessive doing of everything is not good, so while investing aggressively we should do it within our boundaries and not to think of crossing boundaries.

It is true that aggressive investing cannot be fruitful in any way. Why should you invest aggressively? You have never been told that you should invest aggressively. Your well-planned advice for Bitcoin investment can be one of the ways to keep your Bitcoin in the long term. You invest Bitcoin regularly with a part of your income. One thing you need to do to keep Bitcoin in regular investment is to have an emergency fund. If you have an emergency fund, then your investment will not be interfered with in any way.

Many people think that they do not need an emergency fund because they think that their income is enough to invest in Bitcoin. In this case, it turns out that they cannot hold Bitcoin in the long term. So take aggressive decisions, but not aggressive investments.

[POPOLUV]

You need a discretionary income to reach your goal. If you set a budget to reach your investment goal, then maybe, you can step away from your investment. For example, if you set a budget that you will buy using the DCA method for the next 10 years, how will you cope if you face a financial disaster?

Dont make things more complicated. I believe there is no one here who dont know the essence of having a discretionary income. And yeah, your description of it may seem to be unclear. For better understanding, any money use to start an investment or a business is called a capital. The total discretionary income, after completing your goal can be said to be the capital invested. You can choose to put the capital once if you have it, that is if you are using lump sum. While DCA actually means spreading it across several periods.

In fact, the DCA method creates savings for investors in buying Bitcoin, just as you look for savings when purchasing anything, every investor has the right to get savings in Bitcoin investment, so this method is the best method for investors. For example, you bought Bitcoin at $104k last week, today the price of Bitcoin was about $110k. If you had bought it here for $100, then of course there would be a cost in buying Bitcoin and if the price of Bitcoin drops compared to the past price, there would be a profit on selling. In any way, if you buy Bitcoin

Sure saying, and i accepted all that you have illustrated to be away of words of motivation to all investors that are still afraid of anything relating to Bitcoin investments, that with DCA method providing that you have discretionary income you don't have to waste your time for anything because this is the time we need to buy aggressively, since Bitcoin is fluctuation in nature and no one knows what Bitcoin will become in years ahead, so we need to buy now and never to regret later.

[Salahmu]

Friend, it seems like you don't understand what I mean, because the important point I want to convey is which is safer to do when investing in bitcoin. Because having an emergency fund before investing in bitcoin is not wrong in my opinion. Because you need to know someone who does not have an emergency fund in his life,

Wether having an emergency fund before you even think of investment or starting it when you have began to invest there is no difference because they all matters, although some will say having before starting is the best and i will also agree to that because if you were able to have $3k as an emergency fund do to how long you have been adding some amount on it considering the irregular price nature of things it will definitely help you because as you have now started the investment you will no longer be thinking about sending money on the emergency side because you already have a large size of emergency so you will now have a full concentration on your Bitcoin till you see that your emergency is beginning to drop before you can start sending some funds on it again.

[Churchillvv]

I agree with you on the fact that aggressive investing is not harmful for everyone, and you also Said about making sure that we have backup funds, and reserve funds available. And yes, is very important to make this above mentioned funds available before one should be looking into aggressive buying of bitcoin, one more thing that need to be added is that we should not be over aggressive because excessive doing of everything is not good, so while investing aggressively we should do it within our boundaries and not to think of crossing boundaries.

It's normal to be aggressive as long as it's within your discretionary income, then I totally encourage anyone that is far behind from his own perception of accumulation hence be aggressive investing in bitcoin as long as you have the capital.

To buttress, we have four major types of expenses that runs our life, one is the disposable income; basically income after tax has been deducted. Secondly, is our essentials expenses; this is where our mortgage (rent), food, transportation, clothings etc are included. Thirdly, we have the Emergency, Reserve or any kind of funds that are meant to keep us going in a long run. And lastly, we have discretionary income Which comes after you must have separated out every of the categories of funds hence whatever you decide to do with the discretionary is basically not supposed to harm you that, some use it for pleasure even though investment is included in the discretionary income hence one can decide to use 100% of their discretionary income to be aggressive in investing in bitcoin, with that I full encourage being aggressive since it basically not going to harm you but be of benefit in the nearest future.

[Cossyblack]

Investing aggressively in Bitcoin is not a good decision. It has the potential to cause you financial loss.

It's when you buy over aggressively outside your discretionary income that will make you sell your bitcoin when your needs arises if bitcoin price is below your entry point. The most important thing is that you should have good cash inflow management practice. Investing aggressively gives you the opportunity to build your bitcoin portfolio in a faster pace for the future, which is good. To front load your bitcoin investment is also good.

Yes, you are absolutely right. Aggressive investing is not harmful for everyone. Before taking an aggressive approach, you must ensure that you have your backup funds ready and sufficient cash flow in reserve. If you then have the informed capital to take an aggressive stance, why shouldn't you go for it?

I agree with you on the fact that aggressive investing is not harmful for everyone, and you also Said about making sure that we have backup funds, and reserve funds available. And yes, is very important to make this above mentioned funds available before one should be looking into aggressive buying of bitcoin, one more thing that need to be added is that we should not be over aggressive because excessive doing of everything is not good, so while investing aggressively we should do it within our boundaries and not to think of crossing boundaries.

You right , aggressive Buying of Bitcoin is allowed but should be done within our financial boundaries and shouldn't be done otherwise because by so doing,it might affect our consistency and can also slow down our Bitcoin accumulation pace as well. Another thing, Some investors go aggressive because they saw others going aggressive too and this kind of act/behavior is very wrong. Investors who sees Bitcoin accumulation as another form of competition might be triggered or tempted to invest more than what they can afford to invest by stepping out of their financial limit while trying to outpace there Rival. Bitcoin Investment/accumulation Is a personal race and shouldn't be seen as a contest, let's be guided .

[dimonstration]

You right , aggressive Buying of Bitcoin is allowed but should be done within our financial boundaries and shouldn't be done otherwise because by so doing,it might affect our consistency and can also slow down our Bitcoin accumulation pace as well. Another thing, Some investors go aggressive because they saw others going aggressive too and this kind of act/behavior is very wrong. Investors who sees Bitcoin accumulation as another form of competition might be triggered or tempted to invest more than what they can afford to invest by stepping out of their financial limit in other to outpace their Rival. Bitcoin Investment/accumulation Is a personal race and shouldn't be seen as a contest, let's be guided .

It’s a FOMO effect which is normal if you are actively checking your investment value and social media to get some news. It’s very hard to stop your emotion for being aggressive if you are already soaked in on the hype or trend of Bitcoin.

I rarely check my total investment on Bitcoin regardless of the price to avoid being distracted to my buying plan.

You can control yourself and purchase consistently by not checking the price frequently. Just purchased and send it to your non custodial wallet then do your normal life routine.

[Odohu]

Friend, it seems like you don't understand what I mean, because the important point I want to convey is which is safer to do when investing in bitcoin. Because having an emergency fund before investing in bitcoin is not wrong in my opinion. Because you need to know someone who does not have an emergency fund in his life,

Wether having an emergency fund before you even think of investment or starting it when you have began to invest there is no difference because they all matters, although some will say having before starting is the best and i will also agree to that because if you were able to have $3k as an emergency fund do to how long you have been adding some amount on it considering the irregular price nature of things it will definitely help you because as you have now started the investment you will no longer be thinking about sending money on the emergency side because you already have a large size of emergency so you will now have a full concentration on your Bitcoin till you see that your emergency is beginning to drop before you can start sending some funds on it again.

I agree with you Salahmu regarding emergency funds, your comments shows you really understand and appreciate the need of an emergency funds in Bitcoin investment. There is no point twisting when and how emergency funds should be set up, what is paramount it setting it up from the discretionary income before starting, while already invested, just any moment. It is not as if one must set up emergency funds before start as though emergency is starting the first day of investing in Bitcoin. I had to make this input because I have read a lot of people thinking you have to work had building emergency funds before buying your first portion of Bitcoin.

The right thing is to get started with investing in Bitcojn and while at it, work out your emergency funds and keep it that simple. The too many other variations summarise to getting invested and ensure you work out your emergency fund to protect the investment.