Quote from: ultrloa on Today at 07:56:24 AM

Quote from: Mayor of ogba on Today at 05:20:35 AM

Quote from: I_Anime on May 21, 2024, 06:23:21 AM

Quote from: Troytech on May 20, 2024, 11:16:12 PM

You talked about aggressiveness and do you know the connection, being aggressive in terms of investment may be good because we have the enthusiasm to carry out but how controlling ability is important. If you do not have the ability to control then investment can be done slowly. Have you ever heard how people lose money in investments and it is influenced by individual mistakes, not because of Bitcoin, so when we want to invest, we need to pay attention to how to control it.

It's up to you whether you want to use the DCA pattern or so on, but it must also be able to be carried out according to your ability to control it. Investing in Bitcoin does have the opportunity to achieve success, but capital and strategy are important. Make purchases using a much more responsible method and store bitcoin until it reaches the selling value we want, from there we will see how bitcoin can provide freedom for investment.

One can be as aggressive they can ,but without over doing it, just as sir JJG usually Said. Because most folks usually make alot of mistakes when it comes to being aggressive, mistakes like using their emergency funds to increase their rate of Accummulation without having any backup plan . Which may lead them tampering with their investment, for instance $500 is someone monthly salary and he or she decided to go all in with it without having any reserve funds he or she can take as backup funds , they may endup withdrawing their investment too early and the painful part is that they won't just withdraw the $500 back they may even endup withdrawing everything from their wallet . That's why is better to keep accumulating with any amount you know you can use at that moment, the main thing is that yah being consistent with your accumulation.

Any investor who is using his whole salary to aggressively buy bitcoin to increase his bitcoin investment and also buy at a low price is not disciplined with his bitcoin accumulation plan; he or she has allowed buying the dip to decide the amount of money to be used in accumulating bitcoin at the time of the dip. You are right; since bitcoin is not a quick-to-get-rich thing, the investor will not stay for up to a month, and he or she will tamper with his bitcoin investment to survive because he or she messed up his accumulation plan by using his whole money to aggressively accumulate bitcoin. Since the investor has tempered his bitcoin investment, he or she will wake up one day and decide to sell all his bitcoin investment because of the mistake he or she made when buying the dip. We should not be very concerned about buying the dip so that we will not make mistakes that could lead to selling our bitcoin investment when it has matured.

We don't need to get broke just to cope up with our investment and there's no need to rush on everything especially on our bitcoin investment since everything is in process that's why we should never invest all of our salary to our bitcoin investment since for sure we will really get a problem with that in long run since we might come up to an idea to get a loan since we can't take care of other thing that important to consider just to live a comfortable life.

You know they always said slow and steady wins the race, its risky to rush into an aggressive investment without having been prepared for such, I believe that they are some things that are necessary to attend to before being aggressive like building an emergency fund, IMO this is the first thign any new investors that is coming into investment should attend to first aggressively even before buying bitcoin and that's because of its Importance, an emergency fund can be seen as a key back bone to all our investment and even our general financial stability and that's why its should be attend to first, then a new investor should consider having some cash reserves and floats as hedge for his ongoing bitcoin investment before getting more aggressive with his buying even tho he might start a little whimpy but this would ensure that he can maintain an aggressive pace without wreaking the whole shit out.

Quote from: ultrloa on Today at 07:56:24 AM

To have a proper plan on this maybe we should have a pie chart where we can separate our earnings into other things that we are considering on where we spend our money since if we have proper discipline on money for sure we can make all of things work out and we will not get any financial trouble if we follow all the plans we set. For doing all those discipline for sure we will be responsible on everything especially on each decision making we do.

We can't neglect cashflow management can really help a lot as an investor cause that way you would have little problem maximising your finances to bring out more discretionary income for yourself, I personally prefer using a journal for this stuff mainly cause Im a book type and like keeping record of how my day went so it's easier for me to reflect back at my book, but sure this is also a great idea.