Quote from: SuperBitMan on Today at 01:28:47 PM

Quote from: Ruttoshi on November 08, 2024, 07:44:32 PM

Quote from: I_Anime on November 08, 2024, 07:26:49 PM

Quote from: CageMabok on November 08, 2024, 03:03:49 PM

Quote from: I_Anime on November 07, 2024, 08:35:04 PM

Most time those that wait instead of accumulating are those that have already gotten their fuck you status or have gotten to their accumulation, but I believe that most of them still purchase some portion of bitcoin but not as aggressive they were back then . And yeah if you can hold bitcoin for long you have already reduced the chances of you selling I loss , asking you keep purchasing, and keep taken the dip to your advantages.

People who are still able to hold the Bitcoin they have bought before and continue to buy at this time even though they are not so aggressive are people who have felt good profits through Bitcoin so that they are still enthusiastic about continuing to buy Bitcoin on any exchange without any hesitation to experience losses. Because people who already like and believe in Bitcoin will continue to do things like that at all times even though the conditions are sometimes different, but they still will not doubt the potential of Bitcoin.

I think being aggressive is base on one choice though , even those that have gone far in their bitcoin accummulation and holding can also choose to be aggressive, is just most folks that haven't gotten to a good point in their accumulation and the once that are usually aggressive just to give their accumulation some boost . The reason why most people choose to be aggressive is because it will help time to fasting up things for them in their accumulation, but one thing is for sure don't over do it .

For instance a guy might earning $100 weekly, so he started his bitcoin accumulation with $25 weekly from his weekly earning which is around 25% . Then he decided that he want to fasten things up , so that he can increase the chances of getting himself some nice bitcoin stashes fast then he decided to use %50 percentage of his weekly earning instead, which is $50. At that moment that folks as become more aggressive in his bitcoin stashes than he used to .

Being aggressive should be based on the size of your discretionary income and the size of your emergency funds. Taking by your example if the person discretionary income out of $100 is $50 and he use the other $50 for his weekly needs, he can invest $25 easily without a problem but if you increase it 50% which is $50 because you want it invest aggressively, it might affect you somehow because you will be left without any funds after using the other $50 for your weekly needs. But if you use $45 to buy bitcoin, I think thia is a fair way of aggressiveness, because you still have extra $5 to spend on whatever you want.

However, maybe there are some folks that 50% of their income is their discretionary and they might be able to invest all of it into bitcoin due to their level of aggressiveness and it will not affect their bitcoin investment, but for me, it will be somehow like a burden. Someone with a large discretionary income can be more aggressive than someone with a small discretionary income. Imagine that another investor B collects $100 to like the investor above but his weekly expenses is $70, he can only invest $25 as being aggressive.

You are correct.
One of the reasons why some people dip hands into there Bitcoin even when they have not Accumulated enough or met there target of accumulation is because of being aggressive in there Bitcoin investment, some people become aggressive without having the necessary things needed which is good backup funds and a good source of income, I'm not saying one can't be aggressive in his or her Bitcoin investment but before you can become aggressive make sure you have a good source of income that will also reflect on your discretion income and a good backup funds now the reason for this so you won't get into a fuck you state where you will be lift with no option than to dip hands into your Bitcoin investment.

Every Bitcoin investor needs to have a backup funds because without it you may end up dipping hands into your Bitcoin investment one day.
Backup funds helps you when you hit a fuck you state, a state were you have no money with you anymore and you remember you have a backup funds you have been saving you just dip hands into it and keep accumulating your Bitcoin without interruption, one thing that draw some people backward in Bitcoin investment is interruption that leads to dip hands into there Bitcoin investment but backup funds helps to eliminate such things.

You are convoluting a lot of terms which causes your recommendation to be quite confusing and even we might have no where to go if we cannot figure out how describe things with a bit more clarity.

There are ways of being aggressive in your bitcoin accumulation without being overly aggressive, so if a person is taking too many risks and not establishing back up funds and back up systems in order to make sure that he is not engaging in too much risk, that is not a problem of merely being aggressive but is a product of being overly aggressive and perhaps somewhat blind.

Many of us, including yours truly, recommend that guys should attempt to be as aggressive as they can in regards to their accumulation of bitcoin without over doing it, yet getting off zero is another important consideration, since even a person with a relatively modest and even whimpy bitcoin approach is still likely going to be in a better position merely by getting into bitcoin and establishing a bitcoin plan, even if he might have chosen to be a bit whimpy in his accumulation of bitcoin.

You also seem to not understand the meaning of getting to fuck you status. Are you doing it on purpose? who knows, since it seems that you are purposefully throwing out terms and then describing the terms in weird-ass ways that are not really consistent with the ways in which many of us have been discussing the terms in this thread and other related threads in the forum. Sure every once in a while we need to clarify terms, and anyone using terms that are used might either need to make sure he understands the terms or perhaps ask about the terms if he might not be sure about whether he understands the terms.

Generally speaking fuck you status is a place that many people want to arrive, which largely entry-level fuck you status would be a place in which we no longer need to work and we can be sustained by our investment.. So we have a choice whether to work or not, and if we can manage our investment, then perhaps perpetually we would be able to live off of the investment or maybe at least as long as we are going to be alive, so for example, some folks might get to a place in which financially they don't need to work any more and their investment level is able to sustain their standard of living, and surely if our timeline for how long that we are going to live is not clear, then we would want our investment level to largely be high enough that we would ONLY be drawing upon the interest (or yield or growth) of the investment rather than dipping into the principle of the investment.

If we know our timeline, such as we anticipate 5 or 10 years, then we might choose to draw down our principle too during that time, yet part of the problem is not really knowing our timeline, and no one really wants to outlive their investment, so there can be some difficulties figuring out how to time our investment amount and our no longer needing it, and there are some folks who philosophize about dying with zero. .which also seems lie a risky proposition. .since it could lead to a state of outliving our investments...

Quote from: SuperBitMan on Today at 02:59:21 PM

Quote from: Odohu on Today at 02:20:44 PM

[edited out]

If you ignore those important ingredients which are having a good backup funds and good source of income before you becoming aggressive in your Bitcoin investment you will surely dip hands into your Bitcoin investment, so before you become aggressive in your Bitcoin accumulation you need to have a good source of income and a good backup funds.
Now when we talk about aggressive Bitcoin accumulation is in different ways one may choose to use more than half of his discretion income to accumulate Bitcoin weekly or monthly which is not the way he those before and the other person may choose to use all his discretion income to accumulate, now when you have a good backup funds and a good source of income you can cover up and it won't affect you but if you don't have them it will affect you and it may lead to you dipping hands into your Bitcoin investment.

You are not completely wrong SuperBitMan, even though you have some weird ways of saying things, which is that you are continuing to demonize the idea of being aggressive.

Yeah sure you are correct that those who have better back up funds and emergency funds are in a position to be more aggressive than those who don't have any of those kinds of funds, yet the term aggressive is still somewhat relative, since there are a variety of ways that any of us can be aggressive which is that we might push limits even in regards to how we set up our emergency fund and invest into bitcoin at the same time which might be a bit aggressive or even overly aggressive, yet we might figure out some of those kinds of balances that are likely going to be necessary in our earliest years of building wealth and building up our various kinds of stashes.. including that there are a lot of people who likely have a lot of flexibility in both their income and in their expenses, so balances need to be figured out that might not always be clear but might also seem to require some level of aggressiveness (and proactiveness) in regards to how money is allocated while emergency/back up funds are built up and also BTC is built up and there also may well be a lot of time needed to spend learning while having to work to earn income and other kinds of struggles that seem to come more during the earliest years of building up our cashflow management and investing into bitcoin... so yeah, we don't want to end up overdoing any of the matters and invest $100 per week into bitcoin, but then find out that our income is not enough to cover our expenses and then we may or may not have a large enough emergency fund, and we really should not even be putting ourselves into any kind of a position that we need to touch our emergency fund, so yeah levels of aggressiveness versus whimpiness versus conservative versus proactive are on a bit of sliding scales and we have to figure out our balances to make sure we don't go overboard, but we can still choose whether to error on the side of whimpiness or aggressiveness and figure out if we might get ourselves into trouble in one direction or another if we might end up overly doing it in one direction or another.

You have been a forum member for less than 4 months, so it seems weird if you are overly aggressive in terms of describing general practices that need to be followed and maybe you should be describing those practices in terms of your own application of them so that we can figure out from where you are coming, since surely any of us can talk about these broad theories and what to do or not to do, but if we are not talking in terms of examples, then it may well end up being the case that we are not really relating how theory gets put into practice, including that it is probably better to also talk from your own experience if you are merely just buying bitcoin for the last 4 months or maybe you have been buying bitcoin longer than that and maybe you have other investment experiences too.. but if you are fairly early in your investment experience, then sure it is relevant that you will be grappling with how aggressive that you are able to be in your bitcoin investment and having ongoing considerations about whether your emergency funds are big enough in light of your own particular financial and/or psychological circumstances.

Quote from: cryptoWODL on Today at 03:46:36 PM

Moreover, many investors keep backup funds in their investments with the DCA strategy, essentially for buying in lump sump. When they face dumping periods in the market, they take the opportunity to buy more bitcoins with the backup funds at lower prices.

Above you are describing buying the dip. Lump sum is a different thing. Lump sum refers to getting an income and buying right away. If you choose to wait and buy the dip, you are no longer referring to lump sum, even though sure you buy with a lump sum , but you are buying the dip which is a different dynamic.

Buying the dip involves waiting for a dip, and lump sum involves buying right away when the money comes available.

Quote from: SuperBitMan on Today at 04:14:51 PM

Quote from: cryptoWODL on Today at 03:46:36 PM

[edited out]

Who is talking about a fixed source of income we are talking about having a good source of income and is very important one has a good source of income before he or she can engage in aggressive accumulation.
For example if you are earning $1k every week and all your expenses for a week is $400 that means you have $600 as your Discretionary income, and if you are earning $2k weekly and your expenses for a week is still $400 that means you have $1600 as your Discretionary income meaning that your Discretionary income is more than your expenses being aggressive in one's Bitcoin investment in this kind of situation won't have much effect on you because you have a good source of income and no matter what happens one can easily get back up.

With your two examples, being aggressive or being whimpy in regards to buying bitcoin has to do with how much of the discretionary income is used for buying bitcoin and we might not even agree with what percentage of the discretionary income used for BTC might cross over into aggressiveness. So let's say with your two examples, that the person already has his emergency fund in place, so in the first example he has $600 available per week in his discretionary funds that he could use for buying bitcoin. Probably many of us would consider anywhere between 70% and 100% invested into bitcoin ($420 to $600) would be somewhat aggressive and perhaps we would consider less than 20% (less than $120) to be whimpy, and perhaps anything between $120 and $420 to be modest.

I doubt that the definitions really change too much merely if our amount is $1,600 rather than $600, we still might consider levels of whimpiness versus aggressiveness largely based on percentages rather than absolute amounts, yet surely I can also see how absolute amounts could affect our considerations about whether the guy is being whimpy or aggressive, yet we don't really cross into overly aggressive territories until either the guy is high into the aggressive or even spending more than his discretionary income and perhaps the problem of overaggressiveness is made worse because he had not calculated his income and/or his expenses accurately or reasonably.

Quote from: SuperBitMan on Today at 04:14:51 PM

Now if you are earning $100 weekly and your expenses for a week is $70 that means your Discretionary income $30 getting into aggressive Bitcoin investment may really affect you very well and if it those getting back up will be difficult and that may lead you to dip hands into your Bitcoin investment and in some case that may be the end of your Bitcoin investment.

Why the fuck does the amount matter?

You have $30 discretionary income, so yeah, you don't have much to work with and maybe you should not be investing into bitcoin at all since you don't have much to work with, but still a guy can still decide to invest some amount into bitcoin, including up to the whole amount of the discretionary income, yet the only problem is that he has no margin to work with, so surely he would need to have an emergency fund or to be building his emergency fund simultaneously... and in this case an emergency fund would be somewhere in the ballpark of at least $900 to $1,300, which presumptively would cover expenses/income for 3 months.. ..so yeah, if a person does not have an adequate emergency fund then he would have to simultaneously build the emergency fund while investing into bitcoin (if he chooses to invest in bitcoin), and if the emergency fund is already in place then he could invest all of his discretionary income into bitcoin so long as he accurately calculated the amount...and investing all would be aggressive but not overly aggressive..but yeah people might disagree upon what thresholds are overlywhimpy, whimpy, moderate, aggressive or overly aggressive.. we use these kinds of terms to get bearings on the ideas but we do not need to agree exactly when the thresholds cross from one status to another since those are individual choices to figure out levels that are comfortable for the guy's personal financial and psychological situation.

Quote from: Ricardo11 on Today at 04:23:25 PM

Quote from: cryptoWODL on Today at 03:46:36 PM

Quote from: SuperBitMan on Today at 02:59:21 PM

If you ignore those important ingredients which are having a good backup funds and good source of income before you becoming aggressive in your Bitcoin investment you will surely dip hands into your Bitcoin investment, so before you become aggressive in your Bitcoin accumulation you need to have a good source of income and a good backup funds.
Now when we talk about aggressive Bitcoin accumulation is in different ways one may choose to use more than half of his discretion income to accumulate Bitcoin weekly or monthly which is not the way he those before and the other person may choose to use all his discretion income to accumulate, now when you have a good backup funds and a good source of income you can cover up and it won't affect you but if you don't have them it will affect you and it may lead to you dipping hands into your Bitcoin investment.

Why are you aggressively investing in Bitcoin if you have a fixed source of income? Investors are prioritized to have a fixed source of income in the early stages so that they can continuously purchase Bitcoins through the DCA strategy without any interruptions. There is a difference between a fixed source of income and a backup fund. A fixed source of income in the case of investment refers to the amount of money the person making the investment earns monthly from a job or business. He will regularly buy bitcoins with the remaining money from his monthly income excluding family maintenance and other expenses.

It is important to have a backup fund so that the individual does not have to sell his Bitcoin investment in the event of an emergency. Moreover, many investors keep backup funds in their investments with the DCA strategy, essentially for buying in lump sump. When they face dumping periods in the market, they take the opportunity to buy more bitcoins with the backup funds at lower prices.

It is very important for us to have a strong source of income to continue investing in Bitcoin uninterruptedly for a long time. Because in order to profit from this Bitcoin investment, we must adopt the DCA strategy, and to continue this DCA on a regular basis, there must be an income that will pay you regularly and uninterruptedly. And after buying Bitcoin DCA we need to have a reliable guaranteed income as well as emergency fund, reserve fund and backup fund to hold it regularly for a long time. In short, we have to keep all kinds of measures ready to continue our investment for a long time. Only then we can gain profit from it.

We do not have to have strong income or strong back up funds to invest into bitcoin, yet the stronger our income and back up funds the more aggressive we are able to be in our bitcoin investment.

There are a lot of people who have unreliable income and inconsistent expenses, and surely those kinds of people likely need more back up funds and emergency funds in order to not put themselves into a state of panic, but they are not excluded from being able to invest in bitcoin, but they likely have to establish their own cushions so that they never have to sell bitcoin at a time that is not of their own choosing and so that they are investing into bitcoin for 4-10 years or longer rather than trying to trade it.. since bitcoin investment should be coming from discretionary income rather than money that we actually need for our expenses.

Quote from: DubemIfedigbo001 on Today at 05:42:12 PM

Quote from: JayJuanGee on November 08, 2024, 07:42:20 PM

[edited out]

....... another good thing is that I have changed my plans and increased the allocation of my discretionary income to my investments, but I did not deviate from the original plan of which to achieve it which is that I would be investing with the ratio of 4:5. Now keeping this ratio constant would help me build the mindset that if I need more spare funds after my investments for fun activities, I must find ways to increase my discretionary income in such a way that after the percentage for investment is gone into investment, I would still have more funds left and not reducing my investment ratio. I feel such strictness in financial involvements is important in order to increase commitment to our investments.

Many of us likely realize that a certain level of satisfaction comes from setting goals, reaching them and even exceeding them...which also comes from setting goals that are challenging but not unrealistic.

Quote from: DubemIfedigbo001 on Today at 05:42:12 PM

Higher level goals are very good, now I might not even reach my big target which is 10BTC, but I would keep reaching my little milestones and marking many life successes which I would be proud of an investor on a long run.

Frequently when we set high goals, we may well not even need to reach the pinnacle of the goal in order to still have high levels of satisfaction even if we might somewhere down the line realize that we are going to need to bring our pinnacle goal down based on real world events and how things might have ended up playing out somewhat differently than what we had tentatively planned at some earlier time (perhaps even having had set the goals 5-10 years earlier or even longer periods than that).

Quote from: Proty on Today at 07:28:56 PM

Quote from: cryptoWODL on Today at 03:46:36 PM

Quote from: SuperBitMan on Today at 02:59:21 PM

If you ignore those important ingredients which are having a good backup funds and good source of income before you becoming aggressive in your Bitcoin investment you will surely dip hands into your Bitcoin investment, so before you become aggressive in your Bitcoin accumulation you need to have a good source of income and a good backup funds.
Now when we talk about aggressive Bitcoin accumulation is in different ways one may choose to use more than half of his discretion income to accumulate Bitcoin weekly or monthly which is not the way he those before and the other person may choose to use all his discretion income to accumulate, now when you have a good backup funds and a good source of income you can cover up and it won't affect you but if you don't have them it will affect you and it may lead to you dipping hands into your Bitcoin investment.

Why are you aggressively investing in Bitcoin if you have a fixed source of income? Investors are prioritized to have a fixed source of income in the early stages so that they can continuously purchase Bitcoins through the DCA strategy without any interruptions. There is a difference between a fixed source of income and a backup fund. A fixed source of income in the case of investment refers to the amount of money the person making the investment earns monthly from a job or business. He will regularly buy bitcoins with the remaining money from his monthly income excluding family maintenance and other expenses.

It is important to have a backup fund so that the individual does not have to sell his Bitcoin investment in the event of an emergency. Moreover, many investors keep backup funds in their investments with the DCA strategy, essentially for buying in lump sump. When they face dumping periods in the market, they take the opportunity to buy more bitcoins with the backup funds at lower prices.

It will be wrong for an investor to use his emergency fund in buying lumpsum . emergency fund is there for unforseen contingency such as illness ,car accident etc and is not for accumulation of bitcoin and it makes it possible for an investor to be able to hold his bitcoin investment without dipping hand into his investment whenever and emergency occur.long term investment is possible when you have an emergency fund, so if your bitcoin investment goal is targeted towards long term you need an emergency fund/ backup fund which is not for buying lumpsum rather the reserve fund is what should be use in buying lumpsum.

Of course there are various ways to categorize our back up funds, and surely the emergency funds should have fairly strict terms upon whihc they are spent, and ideally we never ever have to spend our emergency funds, since even frequently actual emergencies might even be dealt with through other forms of back up funds and/or reserve funds without having to dip into actual emergency funds.

I consider back up funds to be a term that covers all of the categories of funds and then emergency funds, reserve funds and float are categories within the different kinds of back up funds. It is good to know the difference between these kinds of funds, yet we frequently are also going to find that some people might interchange terms or they might not know the difference between the different kinds of funds, which surely it can be helpful to both figure out the difference and then also have some kind of an actual practice that makes sure to try to keep cushions and to prioritize between different kinds of money that might sometimes have specific designations, such as emergency funds is like the last set of funds before having to dip into our investments.. but then we might have different funds that serve for different specific purposes that we have, yet our purposes might change over time, whether they are set aside for buying bitcoin on dips or for some other purpose such as home repair, car repair, computer purchase, buying a bike for a daughter, taking spouse on a vacation, etc etc...some of those reserve funds have higher priorities than others in terms of relationship building/maintaining or even in terms of some kinds of expenses might help bring higher income or prevent loss of income.