Post
Topic
Board Speculation
Re: Buy Buy Buy or Sell Sell Sell?
by
adultcrypto
on 20/10/2024, 15:45:59 UTC
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.
You will be aware of the status of Bitcoin investment until you get involved in investing.  The more bitcoins you invest, the less aggressive you will become, because investing aggressively will never yield good results.  So Bitcoin is the only trusted coin where investing can get the most benefit, it needs a long time. If you invest in a long-term process and use the DCA method, you are most likely to have success. So it must be trusted to create itself, and it is the only bitcoin where the world's largest institutions and countries have invested in bitcoin.
There is nothing wrong with being aggressive with bitcoin investment because it simply depend on the passion of the investor and his motivation/conviction on bitcoin. Provided he is putting adequate measures in place to keep himself afloat without resorting to selling his bitcoin, I think he will be happy for being aggressive with bitcoin investing.

You don't have to mistake being aggressive with being reckless, both are different things and never the same when it comes to investing in bitcoin. Being aggressive in bitcoin can be like investing as high as 50% of your income in bitcoin provided the remaining 50% can cover all your needs and still allow you set aside emergency funds for any eventuality. This is a high percentage if you think it through although it depends heavily on the cashflow. I chose the percentage to just paint a picture of what being aggressive in bitcoin investing is. People become aggressive sometimes to meet their targets like getting 1BTC within a calendar year. Someone can set this target but may run into some challenges that will reduce his cashflow at the early part of the year. But towards the end of the year he might have major inflows of cash and hence resort to aggressive purchase of bitcoin to meet his earlier target. There are several scenarios that can make an investor become aggressive in bitcoin accumulation.