Quote from: Barikui1 on Today at 06:57:40 AM

Quote from: Samlucky O on October 19, 2024, 11:58:20 PM

Quote from: Cryptoprincess101 on October 19, 2024, 01:05:06 PM

Quote from: Issa56 on October 18, 2024, 09:49:15 PM

Quote from: Mayor of ogba on October 16, 2024, 12:20:29 PM

As far as bitcoin investment is concerned, every investor should invest in bitcoin according to how much their discretionary funds can allow them to invest in bitcoin. Even though we are investing in bitcoin, we ought to go on vacation, enjoy life, and learn about other people's way of life.

Bitcoin investment is not something you should force yourself to do, some people will end up starving themselves just because they want to invest in bitcoin, which is not making sense to me. If you are investing in bitcoin, then it should be at your convenience, don’t invest, and at the end you will end up spending all the money gotten from the investment on medical bills. Always enjoy your life even when investing. I do try to invest almost every month, but there are some months in which I don’t invest. I do enjoy all my money with my family members. Sometimes I do invest little amount, and sometimes my investment is always high. I don’t have a fixed amount that I do invest in bitcoin monthly, my investment is always determined by the problem that I am having to solve at that month.

We need to understand that life itself is about risks and until we deny ourselves some comfort, fun and pleasure it will be difficult for us to be determined in owning a huge portfolio because there will be times when you will want to invest in bitcoin but you will find it more better to use the money for pleasures.

No doubt that life is all about risk, but that doesn't mean we would invest so agresively in bitcoin and forget to take good care of ourselves, surely it is good to increase our investment when we have more sizable discretion but not when we don't have. talk more of starving ourselves. That is the more reason it is advised to seperate your fund in different dimension in Oder not to overdoing it. In as much as life is concerned, it is the first priority to handle including having fun and all that, so we shouldn't neglect it all because we want to invest in bitcoin. Bitcoin investment is good and should be taken seriously but health is wealth, if you don't take good care of your body properly, you may undergo a serious illness that will slow down your bitcoin investment or you may even sell your Bitcoin to treat yourself, after you may have neglected setting aside your emergency fund because of investing agresively to increase your portfolio.

The truth of the matter is that, if you haven't taken good care of you basic needs you can't hold longer, you might decide to buy aggressively during a dip and as at then you have a little bit of money that can sustain you for a while, but wouldn't be enough on a longer run, so if you decide to hold for a very long period of time and you are starving yourself doing it bro, along the line, you will see yourself tempering with your holdings just for survival, so it's very important that in as much as we are all trying to get a very good stash of Bitcoin in our possession, let's not forget to sort out our basic needs first, if not, at some point we will see ourselves falling back to our investment even when we actually don't like doing it.

So in essence of what am trying to say is that before you invest in Bitcoin or even think of buying aggressively during a dip, let's our basic needs and money for survival first of all be in place, because it's very wrong to invest our emergency funds or money for our upkeep, just because we want to seize the opportunity of buying more during a dip, so let's be guided.

Investing aggressively is good and it will make you reach your bitcoin target fast and that is why if you have the opportunity to invest aggressively, you should do it, as long as you are not overdoing it. This is because it enables you to cover up some little wasted time in the past when you didn't invest. It is when you overdo it, that it becomes gambling and not investing, because when your important needs arises, you will sell part of your bitcoin at loss if the price of bitcoin is experiencing a dip at that moment.

The size of your emergency funds will also determine how aggressive you will be. It is not only the dip that one can invest aggressively, it can be done whenever you have the money to buy aggressively. For instance, I earn $400, and my monthly expenses is $300, and I am a new investor. I can be using $40 to build my emergency funds and $40 for my weekly bitcoin investment simultaneously with my emergency funds.

If I have built my emergency funds and reserve funds, I can then use all the $80 to buy bitcoin weekly continuously. Or if my income increases to $700, and my monthly expenses increased to $400. I can choose to invest aggressively for that period of time by investing $200 weekly for long, or if I get paid my Christmas bonus at work, I can spread it out in 4 weeks and invest aggressively with it, as long as it will not affect my expenses and needs, while my regular DCA is ongoing.