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Quote from: Agbamoni on May 12, 2024, 11:15:40 PM

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Quote from: JayJuanGee on May 12, 2024, 03:23:07 PM

Levels of aggressiveness should not be measured in absolute terms, but instead within the amount of discretionary income that you have, and so yeah a person with higher income could buy more BTC but that does not necessarily make him more aggressive than someone with lower income and who might be using all of his discretionary income to buy BTC. Maybe we can take some extreme examples.

One guy has $100 per month of discretionary income and he uses all of it to buy BTC.. This guy is quite aggressive and maybe even bordering on over aggressiveness (especially if he miscalculates his expenses or if he does not have reserves in place).

Another guy has $2k per month of discretionary income and he invests around $100 per week into bitcoin, which might be considered moderate and maybe even whimpy.

Of course it is true that someone can increase purchases aggressively when their finances increase from the income they earn. I think everyone has an uncertain income in their job like a monthly bonus from where they work. so their routine of executing $10 per week can certainly change to be more aggressive such as increasing it to $50.

I even often do this where when my finances improve from average or get a bonus, of course I can increase to be more aggressive in the next purchase. So, if income is relatively stable, of course we will return to the initial planning by executing at the usual level that we have done.

Without realizing it, over a long period of time, our BTC holdings increased faster than the initial plan because at each stage we could act aggressively or continue to try to increase the amount of purchases to become larger.

This comprises the investment journey of an average investor. I feel that only the rich are comfortably being aggressive in their investment and not everyone has an uncertain income in their job. There are investors that has a fixed income for a long time and by so doing they only stick to buying through DCA.

That may be true, but honestly I don't think it's right to say that rich people are “comfortable” being aggressive in terms of their bitcoin investment involvement, because I think no matter how rich you are if for example you treat investments that always tend to lead to aggressive actions then surely there will be at least some tension and pressure that you will most likely feel because of the fear of experiencing losses. So maybe it's more accurate to say that rich people are those who are “likely” to be able to try some aggressive actions in their investments.

In terms of income yes I agree with you that not everyone has a steady income or income in life, but it is a fact that often the problem of uncertain income is what makes investors have to experience delays, on the other hand I believe that DCA is an effective way to maximize future profits but sometimes when you are experiencing problems in terms of income in your life then it is definitely possible for you to experience delays in allocation that can interfere with something that should be done with consistency, I don't know whether or not luck of the draw plays a role here, but certainly success is more likely when you have a good, stagnant income without any problems which makes it easier to maintain your DCA strategy.

Agbamoni is right about rich people being more aggressive than the average and poor. This because, the rich has different sources of income in which one of them can serve as his emergency funds already built and he does not need to start building up an emergency funds. Also he will also have funds available at all time to enable him buy bitcoin with the three buying strategies which is the dip, regular DCA and lump sum.

You should also note that the size of your emergency funds is what will determine how aggressive you will be. This is why the rich will not feel any tension or pressure and the fear of running at loss because they know what they are investing in that they will not be selling it too soon but hodli for a long term because they know it is an investment and they understand what an investment is. They can survive without thinking of their bitcoin investment.

This is correct as wealthy investors can invest aggressively without any trouble, taking for example a lot of wealthy investors who started buying aggressively from their early investment and still managed every necessity to push the investment aggressively like the reserve, emergency funds being in order. Even if any investor will be willing to invest aggressively as other wealthy investors the investor should reason first if they’re comfortable being too aggressive mostly cause not all investor will invest same way as most of them will take time to learn and plan more before going all and even before all this they’ll have to consider their emergency funds and planning. Secondly any wealthy investor who has chosen the part to buy aggressively should be consistent as investing in bitcoin requires consistent not minding any strategy including the dca strategy also.