Re: Buy Buy Buy or Sell Sell Sell?

Tmoonz is still of the opinion that newbies in bitcoin investment should invest in bitcoin within their discretionary income, but they can increase their investment allocation if they improve their income to a better one along their bitcoin accumulation journey. For instance, let's assume a newbie in bitcoin investment is earning $100 monthly; he can decide to be investing $10 every month into bitcoin with the DCA strategy and use the remaining $90 to solve his monthly expenses and be building up his emergency fund, reserve fund, and floats gradually. If the newbie gets a new job along his bitcoin accumulation journey where he is being paid $200 monthly, he can now decide to increase his DCA allocation money to $20 monthly since he now has more cash flow that can take care of his monthly expenses and build up his emergency fund, reserve fund, and floats while he is using $20 to accumulate bitcoin monthly.

In summary all you are trying to say is that newbies should invest according to the level of income that comes their way hope I got you correctly? I think the same thing is applicable to both old and new investors, do not invest beyond your financial capacity you will end up being emotionally unstable, good to see that you gave a very nice example but I think for someone who is earning $100 as a monthly salary you can decide to go with $20 as your investment budget that's if you won't be affected by other things that requires your finance to be taking care of and if you are promoted and your salaries increases you can decide to increase your monthly investment amount or continue with what you started with. One thing with the DCA method is that it helps the investor to spend wisely and it gives you the opportunity to purchase Bitcoin any given time so even then you are yet to receive your salaries if you have a little deal that brings you money you can decide to purchase Bitcoin instead of spending the money on material things.

I quite agree with you on that because when one is taking much risk by not having a backup funds or emergency funds the person is being aggressive be it a new investor or old and which they may end up dipping hand into their investments before the anticipated time. Although in some scenarios an investor can decide to cut down his standards of living in order to increase his amount of bitcoin accumulation. So being over aggressive can affect both new investors and old investors.

Being aggressive does not mean that you should not set aside emergency funds or even keep funds for your basic needs. Being aggressive has to do more with how passionate you are about Bitcoin in terms of how much of your resources you will be willing to put into Bitcoin. Let me give an instance, an individual may be having a cash inflow $6,000 monthly and out of this money, the funds for his basic needs may be $2,000 where as he can comfortably invest $2,000 into Bitcoin and set aside an emergency fund of $1,000 and use the remaining $1,000 for other things such as leisure and recreation. An aggressive investor might decide to sacrifice leisure and put the remaining $1,000 into Bitcoin to make his investment in Bitcoin 50% of his monthly inflow. When the allocation changes such that he can allocate more funds into Bitcoin and still keep his life going safely, he will not think it twice to do that. That is what it means to be aggressive in Bitcoin accumulation and this does not mean ignoring basic needs or emergency funds because these two are things that can make an investor sell his Bitcoin without thinking twice so good investors that want to HODL will eliminate every threat to the investment.