Post
Topic
Board Speculation
Re: Buy Buy Buy or Sell Sell Sell?
by
Odohu
on 11/07/2024, 17:22:32 UTC
@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.

From my knowledge, being too aggressive in investing may not be a good decision. The purpose of investing is not only to invest, but you also need to know and commit to the strategy of prolonging the investment.

You can continue your investments gradually rather than being aggressive in investing and focus more on keeping your funds moving. Remember, the stronger your funds, the stronger your investment base. I think of emergency funds as the cornerstone of investing. Consider reserve funds and other necessary funds as emergency funds and investment aids. For example, if you run out of your emergency fund and you need more money, you can take help from the reserve fund. On the other hand, if you want to buy additional bitcoins during a bearish market, you will have the opportunity to buy more bitcoins with the help of reserve funds.
I will have to disagree with you a little because I do not see anything wrong with being aggressive in Bitcoin investment. What I suspect is that you are mistaking being aggressive with being reckless and not putting the necessary requirements for a healthy investment in place. This is not what I understand by being aggressive as an investor. If you did not setup emergency funds and sometimes reserve funds, you might not be able to meet up your investment objectives because those are the foundation for sustainable investing that must be in place irrespective of the type and manner of long term investing that is being made. Being aggressive simply have to do with your level of commitment, how curious you are to meet your objectives and what dispensable wants you can forego to be well invested in Bitcoin. For example, I might have $5k and my total monthly income out of which my basic monthly needs will take $1k, so I can decide to set aside $1k as emergency funds and invest the balance $3k into Bitcoin month. This is being aggressive because the percentage of my income that is invested in Bitcoin is extremely high but that does not mean that my needs are suspended and I did not get up emergency funds.