Quote from: JayJuanGee on December 27, 2024, 11:47:16 PM

Quote from: letteredhub on December 27, 2024, 11:13:29 PM

Quote from: JayJuanGee on December 26, 2024, 11:26:58 PM

Quote from: sotelorene on December 26, 2024, 10:24:54 PM

Quote from: letteredhub on December 26, 2024, 05:45:01 PM

[edited out]

Anyone who is aspiring to be an investor knowing fully well that with his or her financial status he or she can not scale through it and still venture into Bitcoin investment will probably end up along the line and one of the thing that always cause this is covetousness, when they saw there friends or relatives is investing in Bitcoin and seeing the progress in their investment will trigger some people to..., However, I don't see anything wrong if an investor take this investment as a competition and they have all it takes to maintain i mean keep their investment running smoothly but the only time I consider or see it to be a wrong move is if an investor doesn't have what it takes to... Because definitely they are going to get choked some day, the advantage an investor will have if they take it as a competition and have the money to keep their investment..., is that they will increase their portfolio so quick which is every investor's mindset.

Yes people do like to compete, yet there are still going to be needs to tailor their level of aggressiveness to their own particular 9 individual factors rather than trying to do (or out-do) what some of their peers might be doing.

Surely a person might consider that he is just being aggressive in his investing and not realizing that he is beg over-aggressive until it is too late and he ends up screwing up his finances because he over did it.

Well said! Because in life over- excessiveness in carrying out any anything is bound on giving out a negative result from the usual in same line of activity where others are achieving positive results, and same does applies with bitcoin investment. Competing with others shouldn't be anything done with over-aggressiveness as to beyond your finances . An investor could be hyper competitive and still miss good buying opportunities due to a lack of proper attention to the market and knowing the right strategy to use at different times. Some investors actually don't really know when it's required to change strategy as they really don't research that much.

The level of aggressiveness that a person employs should mostly be tailored towards the solidness of his own finances rather than the BTC price or what he might consider his neighbors to be doing. Surely after a person develops strong cash flow management practices, then he becomes more free to start to also tailor his aggressiveness in regards to other factors as well, such as the BTC price or what his neighbors might be doing.

So the point is that guys should be attempting to maintain some level of reasonable focus on themselves and putting their own finances in a strong place first before expanding their aggressiveness in regards to changes in the BTC price and/or wanting to compete with others...

You are absolutely right, in fact, especially when investing "aggressively" in Bitcoin, it is very important to have financial stability, stable cash flow, and the necessary funds ready. Bitcoin is an unpredictable currency, and Bitcoin never guarantees profit, (the invested money can be lost, but it can also give many times the return) that is why an investor should ensure his financial strength before making an "aggressive" investment, so that he does not need this invested money in the next 8 to 10 years. Only through financial discipline can an investor be able to build a solid investment foundation. Therefore, before any investment, investors should build their own financial stability and a stable source of income, these are "must needed" to make the investment long-term.