Don't you think that our level of aggressiveness should be directly proportional to our discretionary income and not as a result of a market conditions, there is no Market conditions that is not good enough for an aggressive buying, you can still Buy aggressively even at the time of a peak price as a long term investor it has to do with the availability and the level of your discretionary income for investment.
To much excitement of this time can make lots of people to buy with the money to be use to sort out their basic needs after which they will start struggling to pay for basic needs.
Investors who are still able to buy Bitcoin more aggressively are those who do not use their basic needs money for that because they usually have it specifically and separately from their basic needs. However, if you have seen ordinary people who follow the footsteps of aggressive investors in buying Bitcoin and have sacrificed money for their basic needs, I think you need to guide them well enough so that they do not build the wrong steps even though they are for the right purpose of investing in Bitcoin in the long term.
When an individual use money for basic needs to buy Bitcoin, such Bitcoin may not be held for long because basics needs are needs that cannot be postponed else life will not be convenient. So I agree with you that people should be properly guided so they know the difference between money for investment and money for other needs. The essence of investing is to be able to hold for long so that should be the focus.
Buying Bitcoin aggressively with the fund set aside for basic is one of the step for every Bitcoiner to sell at lost price no matter the good intention s/he has and no matter how people make wrong decision with their Bitcoin investment we can only make them understand the fact about how to accumulate Bitcoin profitably because even if you're Satoshi and you provide them the right guide they will still end up following their path.
There is a difference between being aggressive and being overly aggressive or perhaps sloppy.
A person who invests into bitcoin should consider that he is able to invest aggressively and even to potentially use all of his discretionary income for investing into bitcoin, yet if he ends ups making a mistake and over investing or even purposefully decided to invest with money he needs for his expenses, he is no longer investing, he is trading and/or gambling and he has gone overboard... and if he says that he is just being aggressive, he is wrong. because he has gone overboard.
Surely we have some guys who might miscalculate their level of investment, and that would be sloppy, and surely we have many times discussed that back up funds and even emergency funds could rescue us from our having had made mistakes in our calculation, yet four our own financial and psychological well being, we should be trying to build practices that we are not making those kinds of mistakes, and even if we are a beginner investor and we are spending months building up our emergency fund, we may also realize that it takes a long time to build our cashflow management practices and our back up funds that even allow us to push our aggressiveness limits, yet even while we are building we still might be wanting to exercise judgements to be as aggressive as we are able to be without over doing it.. and surely, we still have to pay attention so that we do not make mistakes that push us over the line into overaggressiveness and perhaps end up losing some of our progress when we engage in such practices of overaggressiveness, we might not realize our mistake until we have no way to recover from it without suffering more damage than we had needed to suffer.
Rank does not signify that a particular user has the best of knowledge on everything in the forum. He may have higher rank but his knowledge on Bitcoin investment is limited. Also, the only reason i am against what he said is because we are meant to be discussing on how to accumulate more Bitcoin at this period not a plan to start trading a valuable asset like Bitcoin.
At the same time Zacks we cannot push someone to start what he may not be able to finish. That will be a financial mistake since everyone has the right to do whatever they want with their finance and take responsibility for every action they make. Let him make his choice if he wants to trade Bitcoin or not, but when discussing in this thread he should only talk about investing and not trading.
LOL did you seriously write this nonsense or are you just trolling? We will not allow noob members like you to mislead new investors. You can't go and tell people that trading altcoins is safer than trading Bitcoin. You can't fool people like that. People will come and blame you when they lose their money, but you will continue your life like you don't care? There is no place here for people like you who try to manipulate people.
You seem to be the arrogant one, LGD2Business.
This thread is not even about trading.
Specifically we are here talking about various BTC accumulation strategies, and sure maybe you are distracted by the title of "buying the dip," but still we have an investment focus in this thread.
Another thing.. sure you may well be correct that it is safer to trade bitcoin than shitcoins, yet it is hardly even a great topic, even if it were relevant to this thread - especially since whatever trading approaches that anyone chooses to employ has a lot of potential variability, to the extent that trading is not devolving into variations of degenerate gambling in the first place.
Looking at your forum registration date, yeah you have been registered on the forum for 10 years, so yeah, it is nice to interact with members who have experience, yet you still might be grappling with how investing into bitcoin differs from trading it, to the extent that you might want to try to stay topical in terms of this particular thread.. and yeah, there is nothing wrong with having differing ideas, yet it is going to be quite irritating if you are going to want to talk about trading, when the ways that you have been talking about bitcoin so far seems to be deviating from the focus of this thread.