Post
Topic
Board Speculation
Re: Buy Buy Buy or Sell Sell Sell?
by
Ambatman
on 20/10/2024, 21:19:04 UTC

Investing aggressively is good, it will make you reach your bitcoin target fast. 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 irrespective of the price of bitcoin, as long as it will not affect my expenses and needs, while my regular DCA is ongoing.
Aggressively is aggressively
There's nothing like over doing it and under doing it.
If you invest aggressively it would help get to your Bitcoin target faster or slower is two ways.
You start moving as the market
If it falls too much you sell to control your losses and if it rises you start 'collecting profit '
Personally I believe aggressive is quite greedy thus susceptible to emotional changes.
Invest according to your capability and if you can go aggressive and won't feel it if it dips
Well Good for you.