Well and that choice is up to each individual, because only they know about how much money they should allocate to investing, and of course that will still make them okay. Honestly, I hope you won't decide to go overboard with your investments, for example by allocating 50% of your salary. I understand maybe you are very excited to get bigger results, but believe me this is not a good way, but I say this if indeed your finances are not very good then you are desperate to allocate half of your salary for bitcoin, because before starting we must understand that there is also a huge risk there. So we really need to think about making the right decisions, allocating money that you have full responsibility for if it is lost due to fluctuations that occur which are certainly beyond your ability.
Right, the point is always to use your best way of dividing finances from your monthly salary income, if indeed you have unused leftovers then you can allocate them to bitcoin, but still don't let any pressure you feel, the point is not to feel forced and also certainly don't bring greed in terms of investment, the key is how to keep your life going but also by allocating a little of your money to bitcoin, and the key is that I hope you can continue to be consistent.
You seem to be making a decent point, @Dickiy. There's nothing wrong with being aggressive an/or being overly aggressive as long as you have your expenses covered .. which means that you know that you have your cashflow in order for 3-6 months and an adequate emergency fund that could be for extra kinds of expenses that could come up and are not expected that might include drying up of cashflow and/or increases in expenses for a period fo time that could last 3-6 months or longer..
No bitcoin investor should be putting himself/herself into a position in which s/he could end up losing some of his/her coins at a time that is not chosen.. .so it can take a while to build a bitcoin stash and if you over-do it then you end up losing some of your coins and perhaps being in a worse position because you were trying to be more aggressive than you needed to be and if you had just stacked a wee bit less, then you would not have had ended up losing any coins.
Well as we have discussed above, it will really come back to their own abilities in terms of the financial capabilities of each individual who will be the perpetrator. Of course, to be honest I also never prohibit and there is no prohibition at all for them to behave aggressively or not when they want to start investing, but here maybe we are only limited to suggesting that if indeed you have a limit in terms of financial capabilities or maybe your finances are not as good as the rich in general then you can start investing in an amount that will not interfere with your life or other needs to continue your life. It is actually quite simple to understand what you can afford, only you will know how your finances are there. Allocating a small amount honestly won't be a problem if you can't afford it, because it is clear that you must be able to balance all the needs in your life and also the need to be allocated to bitcoin so that you remain safe, comfortable and also your planning will run well.
Well it refers more to greed, in terms of money I understand greed will definitely exist in humans, but usually that kind of mindset will eventually lead you to results that are even worse than what you imagined. As I said above, hoarding a small amount is not a problem at all compared to you behaving aggressively with a very high risk there, instead of getting a big profit there you get a big loss, it is very likely to happen because we are in a place that is very fluctuating. So the point is I hope they will be able to be more prudent in allocating their money, it will be better and all you need is to be consistent with using DCA, believe me.