Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy Buy Buy or Sell Sell Sell?
by
Frankolala
on 11/07/2024, 17:46:57 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.

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.

So it can be considered a good decision to strengthen one's funds without being aggressive in investing.
Being aggressive in your bitcoin accumulation is not bad at all as long as you don't overdo it. You should know that as a new beginner that has just started his bitcoin journey and has no emergency funds, after he has build his emergency funds for up to 3-6 months while you are investing in bitcoin at the same time using DCA method and buying regular. Since you are investing and building your emergency funds when you have build these funds, you can start investing aggressively using DCA in order to increase your bitcoin stash fast because you don't need to put money into your emergency funds anymore.

The size of your emergency funds is what will determine how aggressive that you will be. It is when you over aggressively invest that it will affect your bitcoin investment because you will fail to habe a good size of emergency funds to take care of any real emergency that occurs during your accumulation stage.