Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy Buy Buy or Sell Sell Sell?
by
Reincarnated Sat
on 11/07/2024, 15:23:50 UTC
⭐ Merited by JayJuanGee (1)
When it comes to bitcoin investment one needs to be very careful as not to enter a position he or she will now start dipping hands into his or her Bitcoin investment, so when being aggressive in his or her accumulation one needs to be very careful as not to over do it, for me I'm still building my Backup funds such as emergency, reserve and float funds and after making it strong I can be aggressive in my accumulation, my concern now is to secure my investment, a lot of newbie enter into Bitcoin investment and feels like meeting up and because of that start accumulating so aggressively and later leading them losing all there Bitcoin investment through dipping hands to solve emergency or problem. So it is important to first secure your investment by having a backup funds and other things necessary to secure your investment before before becoming aggressive.
@Reincarnated Sat understand that being Aggressive in accumulating Bitcoin doesn't mean spending irresponsibly but at your comfort. Buying aggressively depends on individual income, for example an investors income is $1000 after every other expenses covered and he/she is left with $400  at his discretion investing $200 in bitcoin can be seen as aggressive because it good amount available at his disposal. The purpose of aggressiveness is taking bold and committed step to your investment aim, but also having a balance in other personal priorities.
I'm not against being aggressive in one's investment or accumulation I'm only saying that before being aggressive make sure you have a backup funds so you won't have to dip hands into your Bitcoin investment when you encounter emergency or problem.
I understand very well what it means to be aggressive and being aggressive as a newbie without understanding your financial strength will lead you to a mess.
From your explanation I will like to inform you that saying someone is aggressive in his or her Bitcoin accumulation is not about the amount is about your financial strength some people can invest $400 weekly or monthly on Bitcoin and to them is not seen as aggressive because they earn a very good salary let say $100k to $200k, why some will invest $200 and see it as aggressive so it all depends on one's financial strength.