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.
Well i total agree with you and I love the example you gave below, aggressive Investment is not only putting all your funds in bitcoin without having reserved and emergency, sometimes investing %70 of your fund in bitcoin without considering the level of your discretionary and emergency fund can as well be seen as aggressive. if you received $1500 and you invest $300 each every week, making a total of $900 per month left with $600, that is a bad aggressive Investment and surely the person is over doing it. because your bitcoin Investment should be done in a manner that you will not over do it. It will definitely affect you or Put you in a tight corner. If you Invest $900 on bitcoin how much will you use for feeding and running family expenses? Or how much will you set aside for emergency and reserved? Surely if you over invest in Bitcoin, the $600 available amount you will not be enough for emergency and reserved. Definitely it will affect your bitcoin HODLing. Though it depends on you and how you can be able to manage your family. If its you alone you can cope but if it's a large family I doubt if you can manage. The point of the matter is that don't over invest what you can not afford to lose that will make you to sell you bitcoin HODLing down the road because of not having a discretionary fund to back you up.
You can invest aggressively when you have the funds to do that, the most important thing is that you don't over do it, if not it will affect you, and you will end up selling some part of your bitcoin to cover up some emergencies that will arise. Your emergency funds should be in a good condition because that is what will determine how aggressive you will be in buying either monthly or weekly.
You seem to have a lot of the ideas correct, but I am a bit confused by your example, and also a lot of the time, once the emergency fund is set, then it is largely never going to be touched, absent an actual emergency and if you have some reserves already in place, you may well not even need to dip into your emergency fund since your reserves and you float should be able to cover irregularities.
Your own example is confusing because when you give examples the starting points should describe the income as compared with the expenses in order that we are able to figure out how much discretionary income is available for investing.. so if we see that the discretionary income is not enough, then the person is over investing, or if he had not already established an emergency fund and reserves then he might be over investing, but from your example we do not know enough regarding what is the actual discretionary income in order to be able to determine if he is doing too much.
I am not even opposed to a guy investing 100% of his discretionary income into bitcoin as long as he has a sufficient emergency fund and float - but if he has made miscalculations and does not have those back ups then he might end up having to dip into his BTC at a time that is not completely of his own choosing.
The emergency fund should generally be a minimum of 3 months of cash or cash equivalents - something that is fairly easy to access and is denominated in your local currency, yet I know some folks would prefer to hold their emergency fund in dollars, even if they have a different local currency, and so that might not be a problem as long as there are ways to easily move into the local currency or that the dollars would be accepted for expenses if you were to have to use your emergency funds for your expenses or surprise expenses.
So in conclusion, investing in Bitcoin has many paths and many (complex) ways, depending on the situation of the person who wants to invest. And in my opinion, it doesn't matter how, or what path you take when you start investing in bitcoin, but the most important thing is to learn about bitcoin first.
My advice to newbies today is, buy at the DIP to get more units in Bitcoin as soon as possible, and study later. Let the greed guide you now and learn about it later. But I'm very confident that after a newbie starts to learn more and more, and goes deeper and deeper into his path, he/she will stay for the revolution. Many of us came here because of greed and stayed for other reasons, DEEPER reasons. Good luck on your journey my fellow plebs.
In other words, if you are a newbie to bitcoin.. no need to wait for any dip..
For a newbie no coiner or low coiner,
** get the fuck started as soon as possible so that you can at least have some bitcoin, and think about price later.. maybe 1-2 years after you have been stacking sats for a while.. and studying about bitcoin and other personal financial management matters along the way... .. but other than that.. it seems that I agree with what you are saying.
**By the way, when I mention low coiner, I am not suggesting that you have to rush to reach your bitcoin accumulation target, since that could take 10-20 years or more, yet a low coiner might be someone who is purposefully investing into bitcoin in a whimpy way, so there may be some need to increase your level of investment into bitcoin, which might be facilitated just by buying bitcoin regularly and studying into bitcoin further in order to gain confidence and then to potentially have some abilities to increase BTC accumulation aggressiveness in the direction of being less whimpy.Hahahaha no, keep beating it and let the people decide which strategy is for THEM. They can DCA or wait for a DIP to buy more units in Bitcoin - if they want. In fact, the current price level TODAY is a DIP from $70,000.
hahahaha.. you enjoy the repetition of theme, and surely we have a thread that seems to have a bit of a focus on buying the dip, even though many times someone who is regularly DCAing will already be buying the dip and also buying the non-dip and perhaps even claiming that s/he cannot really know how much of a dip is a dip and if it might keep dipping.
Your rounding the top to $70k seems a bit understating our current high was $73,794 on March 13, and that is nearly 5.5% higher than your rounded off number.. and yeah some of those details can make a bit of a difference in terms of measuring how much of a dip are we in and how much of a dip have we gotten so far. Surely the low of this particular dip has so far gotten down to $56,500, which is 23.5%, and that is a pretty decent dip, if any one had gotten any coins in the $56.5k to $60k territories, since currently we are at $62,462 as I type this post, which is ONLY about a 15.5% dip from the top, and yeah those numbers could make differences that matter for some folks buying BTC, and again, there may well be some DCA'ers who are continuing to buy in the last several months, even prior to these latest dips and they are largely accumulating BTC, and maybe they are paying a bit more per BTC, but they don't really know how waiting around for a dip is going to help to prepare them for UP, so it may well be better to have a bit of a higher average and to continue to invest rather than spending too much time waiting around for dips that might or might not end up happening.
The main point/context of the post is, buy Bitcoin NOW, then research/learn more about it later. It's obviously an irresponsible suggestion,
Hahahahaha.. not so obvious to me. I think that the main thing a person should know is his/her own finances, and their feelings and knowledge about bitcoin as compared to other possible investments is ONLY one of
the 9 factors that they can learn along the way.
but I believe Bitcoin had already proven itself as no mere shitcoin. There's an ETF made for it, there are debates in political circles about it, the network has been chugging along producing block after block without downtime, and if you zoom out to the maximum - the price is in a super cycle. Why? Because the central banks simply can't stop printing more money.
Those are still basics and background ideas that people can learn about as they go, and in the meantime, they just get started with their $10 per week or whatever while they are learning about bitcoin, and their having had started to invest into it will surely help them to pay more attention than if they were just sitting back and waiting ... sure if they are skeptical and maybe they could invest $100 per week, but instead they choose $10 per week and as they study the matter, they might become more convicted about bitcoin later down the road, but at least they had gotten started... maybe too whimpily, but better than nothing, which is where the overwhelming majority of the population (perhaps in the ballpark of 99%) is..
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My example of $600 is for countries using dollar, we all no that dollar when converted is a big money in a lot of under developed countries, so using my example and placing it in ur country is wrong of you.
Now in your country if you are being paid N150k a month investing N30k every week will it still be seen as aggressive investment or not I think it will be.
I gave example of dollar and I think it should be viewed in your own individual countries.
Let's not get distracted by currencies.. We use dollars as a reference, but you can convert it to your own currency.
If the guy makes $1,500 per month, and he has $600 worth of expenses, then he has $900 of discretionary income.
You can talk about niara.. but you are going to confuse people, so give your example in dollars, even if you might be referring to the niara... The principles are still going to be the same. You have a certain amount of income that is coming in and then you have a certain amount of expenses that you need to pay out, and what is left is your disposable income.
If your income and your expenses are bouncing all over the place each month, then your disposable income will be bouncing all over the place too. so each of us has to figure out how to deal with large fluctuations in our income and/or our expenses, and emergency funds, reserves and float become more important in the situations where the income and/or expenses bounce around a lot. Since this a general thread, there should be no issue about my country versus your country, especially since we can convert to the dollar to have a common reference and if the examples are not realistic, then maybe we are not using realistic numbers. Truly a lot of people have a hard time consistently investing/saving 10% of their income, so if you are using examples in which discretionary income is way higher than 10% or even greater than 50%, then that might start to seem unrealistic and maybe you have to explain.. .. and surely there are some people who purposefully choose to live a very modest life and they have a lot of discretionary income that they are able to invest, and those people likely are in a better position to invest into bitcoin and into other things (hopefully not shitcoins), but still discretionary income gives a lot of freedom to people when they are in positions of having such a thing.