Quote from: JayJuanGee on Today at 05:35:03 AM

Quote from: SuperBitMan on December 17, 2024, 02:04:06 PM

Quote from: JayJuanGee on December 17, 2024, 03:44:35 AM

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Quote from: JayJuanGee on December 16, 2024, 06:28:28 PM

There is nothing wrong with being as aggressive as you are able to be, so long as you are not being overly aggressive. If a person is spending beyond their discretionary income, they are being too aggressive, and probably even spending all of your discretionary income on investing into bitcoin is being overly aggressive, yet each person has to judge for himself in regards to how aggressive that he is able to be, and if he makes any mistakes in terms of investing into bitcoin beyond his discretionary income, then he has to figure out how to absorb such mistakes... and hopefully such mistakes are not so large as to take him out of his investment. We all make mistakes, yet we have to figure out balances so that our mistakes end up being largely minor mistakes rather than major mistakes.

Some people have this misconception that if they are to aggressive on their investment they might fall short or get in trouble with those decision they made. But actually if they try to figure out the whole activity they do there's nothing wrong about it especially if they are doing DCA. The more aggressive they are for accumulating to more volume they could get which is somehow beneficial for them in future. What I think wrong with being aggressive is if they are into trading since from that for sure that they are engaging with more bigger risk especially if they don't think on what they are doing and just buy those damn shitcoins in the market.

There's no perfect investor but what's important there is we know how to correct those mistakes we made and learn to correct so that next time we could do better moves that can potential give us good benefits in future.

Of course, DCA allows any of us to set our level of aggressiveness, yet DCA does not stop anyone from being overly aggressive.

We still have to choose our level of DCA within the size of our discretionary income, so if we are spending money that we need for expenses, then we could end up getting ourselves into trouble, even if we are DCAing.

Trading is another story, so truly we would not want to consider trading to count as investing, even though traders will frequently still say that they are investing when they are trading... so that trading tends to be a different level of risk taking that I would suggest is not really investing because it involves selling.. and with bitcoin there is no need to sell until you have reached an a point of over-accummulation.. which could take 10 years or more... depending on if a person is able to front load his investment into bitcoin or if he might merely be taking 5% to 25% (depending on his abilities) of his income through DCA. There are a lot of individual factors (perhaps 9 of them?) to consider when trying to find a personally individualized balancing point for long term investing.

It is true that DCA does not stop anyone from being overly aggressive, when you are using the DCA strategy it is advised you also have a reserved funds that funds is what you will be using when ever you wish to become aggressive in your accumulation, you can't be using your Discretionary income to accumulate Bitcoin weekly or monthly and at some time being aggressive with that same income that is why reserved funds are important to have, when you have a reserved funds and there's a dip in Bitcoin you can just dip hands into your reserved funds and become aggressive in accumulating at that period and it won't affect you.

You are right sir JJG Those that are trading are not investors and the level of risk in trading is very high, I know there's also risk for those investing but the risk is low.

You are not using the term discretionary income correctly, since we need to spend within our discretionary income, not outside of it.

Also, there is nothing wrong with having various kinds of back up funds, and some of which could be used for buying on dips and/or reserve funds as you seem to be describing them.. Yet, I would suggest that it is likely better for newbies to figure out some steady amount to buy bitcoin every week within their discretionary income which would be a form of DCA, and if they want to be aggressive, then they can attempt to adjust their DCA amount on a weely basis to account for their extra income and to buy more BTC on weeks that they have more income. Another thing that they can do is to attempt to structure theire weekly DCA for buying the dips, yet it still might be difficult to figure out when the dip is, and so they might be wasting their time, but they still might feel better to try to find the dip each week and maybe also maintain enough discipline to make sure that they buy each week, even if some week, might have difficulties figuring out where the dip is going to be.

There ar various ways that errors can be made, and when guys try to be on the extreme end of aggressive, they might set themselves up for making more errors, yet there are ways to learn from errors too, so I have nothing against guys wanting to experiment and to try to figure out dips and things like that as long at they sometimes might realize that they may well be better off to spend their time trying to figure out how to make money or to improve their employment skills rather than getting too caught up in tactics that try to figure out bitcoin price direction, especially in their first cycle or two of investing into bitcoin and especially when they might b in their early stages of building their investment portfolio, which frequently takes way more than 10 years to build a comfortable investment portfolio.

I understand your point sir JJG, we can be aggressive but let it be within our discretional income, however when being aggressive we should be careful so we won't go off limit, just like you said we should allow newbies to fine out things for themselves you are right but the only thing I will say to newbies is that don't feel you are backward and you need to meet up claim down Bitcoin is not running away Bitcoin is here and you are not too late don't rush too much so you won't set yourself up.
Some newbies are feeling that they came too late and they only way to meet up is by being too aggressive in there accumulation, Bitcoin still has a long way to go and there are still a lot of people who have not started accumulating Bitcoin, Bitcoin has not reached half of it's growth limit so if you start today you are still not late so not rush just accumulate consistently within your Discretionary income and your financial strength and then hodl for long term.