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.......Everyone has there own financial strength some set of people can become aggressive in there Bitcoin investment and it won't cause them problem because of how strong there finance is why others will catch up with problem if they should become aggressive in there accumulation journey so is better and very necessary for one to know how strong enough his financial strength is before becoming aggressive in investment.
You are phrasing aggressiveness in ambiguous and even confusing ways BitBakerr1.
Aggessiveness is not an absolute, but instead it is relative to ones own circumstances, and frequently, we might objectively proclaim that investing less than 5% of one's income is whimpy and investing more than 30% is aggressive, however from person to person, there could be situations in which 5% is aggressive and 30% is whimpy, and so therefore it is not completely accurate to merely proclaim that another person is being aggressive or not aggressive merely based on the quantity of bitcoin that he is buying from his overall income ... so in that sense aggressiveness is relatively, yet it is probably also more accurately assessed based on discretionary income, including accounting for some folks potentially having more variance in their discretionary income as compared with other folks.
From my perspective the person who is investing as aggressive as he is able to accomplish without going overboard is likely going to be monitoring the extent to which his discretionary income might change every week and he is adapting to figure out how aggressive he is able to be and being aggressive within his assessment of how aggressive he is able to be.
Surely there can be a quite a bit of variance in the judgement of individuals, and they might even want to vary the level of aggressiveness, and their might be some weeks that they might want to invest 90% or more of their discretionary income into bitcoin, and their may be other weeks that they might purposefully choose to invest less than 40% of their deiscretionary incoime into bitcoin, and surely their changes in their level of aggressiveness might be based on good reasons or maybe based on not so good reasons, but surely each person is in a position to make these kinds of judgements about how aggressive that they might want to be and what kinds of priorities that they have, and from time to time how their priorities might change.
A hypothetical person with a $30k income (so $2,500 per month), and with $1,500 to $1,900 of expenses per month), who had been investing into bitcoin fairly aggressively for 2 years or more, (let's say between $50 and $200 per week depending on his cashflows for each of the weeks). Maybe
this guy had ended up investing into bitcoin around an average per week of $140, which added up to $14,700 invested and about 0.322 BTC.. So he is pretty happy with his results and he thinks that he has around 7-10 years more of investing into bitcoin before he might get to a position that he feels that he has enough bitcoin or more than enough bitcoin.
This guy might decide to take a 10-week break from investing into bitcoin, and so then maybe he decides that he will just invest $30 per week into bitcoin for those next 10 weeks, and he tries to save as much as he can between $20 and $170 per week to put into his reserves so that he can hopefully get up to $1,000 saved up so that he can go on a trip or to take his signifiant other to go on a trip. He does this on purpose, and he knows that he is sacrificing his bitcoin investment for 10 weeks and ONLY investing a bare minimum for 10 weeks, yet he is pretty sure that his going on the $1k trip will help his relationship with his significant other, and it will be valuable for his further life with the other person.
So maybe we can proclaim that this hypothetical guy lightened up on his bitcoin investment aggressiveness, or we might say that he continued to be as aggressive as he could be in light of some new priorities that he had that would take right around 10 weeks to carry out.
Surely, he might be able to time his 10 week savings, yet sometimes the nature of relationships might not necessarily give him a lot of luxury in terms of how well he might be able to time his "saving up for the trip" period.
We surely can come to differing judgements about priorities, and sometimes we will be faced with dilemmas in regards to what to do, or how to go about accomplishing the balancing of our various priorities while still potentially attempting to be as aggressive as we believe that we are able to be in regards to our bitcoin investment practices.
You are right JJG consistency, persistency, and regular buying of Bitcoin aggressively could have really boost a lot of people's financial status.
No doubt when investing in Bitcoin if you are consistent, persistent and you are aggressive in your accumulation you will grow fast however in the part of aggressiveness like I said before we need to first check out financial strength and having a strong backup funds is one thing you should consider before becoming aggressive.
You are right some set of people have really missed out because they where busy fucking around with trading and shitcoins and before they know what was happening 1 to 2 years has gone pass them and this was a time they would have used to build a good amount of Bitcoin.
It could be that we are saying similar things, since I largely agree with your description, even though maybe I am little bit uncomfortable with your use of the term "financial strength" since such a term could be used to suggest that a person with a good income can power through matters, yet surely we also know (and you seem to be acknowledging) that financial strength comes from having good cashflow management practices involving making sure that he has sufficient back up funds such as emergency fund an reserve funds that would then allow him to potentially be more aggressive in the amounts that he ends up investing into bitcoin on a weekly basis or otherwise.
I hear people talking about diversifying please as a newbie don't even think about that you need to build your Bitcoin to a very good stage before thinking about diversifying so as not to cause distraction to yourself which may slow you down in your investment journey.
That seems to be the part that bothers me too, since there are so many folks who seem to be beginner investors, yet they are proclaiming that there is some value in diversifying their investment - which is almost retarded and they many times suggest that diversification helps with risk management, yet that is like proclaiming that they don't know what the fuck to invest into, so they will invest a little bit in this, that and the other thing and perhaps have a bit of bitcoin in there too.
There surely can be value in diversification once a bitcoin investment is getting large and perhpas if there are desires to hold more cash too, but we are wanting to have some of our cash to be working rather than to just be sitting such as if we already have 3 months of emergency funds and 3 back up funds, so then we have 6 months of cash, but then if our cash is still building up, then we might want to put some of that extra cash in other "earning" assets, even if we might still want that extra cash as being available in the event that we were to be dipping into our other back up funds, then we still might be able to draw from some of the other funds prior to dipping into our emergency funds and of course prior to dipping into our bitcoin.
But, yeah, diversification straight from the start for the mere sake of trying to be smart, seems to be difficult to justify in regards to it supposedly being beneficial when it actually is likely ending up diluting our bitcoin investment and our bitcoin focus in regards to our time and energies.
You are very correct JJG some set of people have made a lot of mistakes in regards to their level of aggressiveness, there investors right now who don't have a backup funds for example emergency, reserve and float funds and this are the things that help you to become aggressive, when you have a reserve funds you can be using it to accumulate aggressively when ever there's a dip and still continue with your DCA strategy one needs to be a little aggressive in his Bitcoin investment.
A lot of poor people get into such a situation in which they have none or hardly any back up funds, so as soon as some issues come up in their life, they end up having to draw from their BTC, so their BTC ends up serving as a make-shift emergency fund which is problematic for them to every become wealthy, but also problematic if the end up with none or almost no bitcoin because they failed to take adequate precautions that may well could have had saved most, if not all of their bitcoin investment.
Rich people might make similar mistakes, yet rich people (by definition) tend to have a variety of resources, including that they might even be able to go running to mommy and/or daddy to bail them out for their fuck ups when their fuck ups might have ended up rising to higher levels in which they don't have their own liquid resources...and they might not want to sell any of their investments, so their mommy/daddy may well end up giving them (or loaning them) enough money to get them out of the pickle that they had created based on their own sloppiness.
Yes one still have the opportunity to correct any mistake that has been made in his Accumulation journey and one can set the necessary steps so as to become aggressive in his Accumulation is never too late when it comes to bitcoin investment.
Sure. It could be the case that some members had spent 6-10 years or more investing in bitcoin and other various behaviors that they considered to be "investing" in bitcoin, but they were not really employing good practices of actually building up their bitcoin investment during that time, so they may need to figure out some kind of way to get themselves on the right track with whatever bitcoin that they still might have and start to focus on bitcoin and focus on putting better accumulation practices in place... so that they actually can end up getting to some kind of a better place, whether they would like to get to fuck you status or some other goal in which they might be able to sustain themselves from their bitcoin investment or alternatively to have some level of sustainable supplemental income from their bitcoin.
You are right JJG truly it is not guaranteed that your ongoing investment into bitcoin is going to end up paying off however for the fact that bitcoin is one of the best investment in the world it is worth it.
Each of us has to make these kinds of choices in regards to both whether we allocate into bitcoin and if so, then how aggressive that we might want to be in regards to our bitcoin investment.
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There are many people that have the habit of buying and selling when they sight profits, these are the people called traders and their target is quick profits and often they miss out on the bigger picture and even run into losses when the profits refuses to come and they are forced to sell at loss.
A lot of people sell too much too soon because they do not understand the value of what they have and the likelihood of later compounding value that can take a while to play out.. perhaps a couple of cycles or more.
Yes some set of people in the past sold off there Bitcoin because they don't really know the value of Bitcoin and what it can give them in the future, I have seen someone who sold his Accumulated Bitcoin long time ago and right now his regretting saying he never knew Bitcoin will become this valuable, some set of people will still sell of there Bitcoin
because they don't believe Bitcoin can get up to $500k but those who knows the true value of Bitcoin will know is very much possible and keep holding.
I doubt that there is any reason to place any exact number on bitcoin, even though $500k is quite low and it is only around 6x from current prices. there are likely better ways to frame bitcoin's value or expected future value rather than focusing on prices.
You are right JJG I think I should have just used the word great, because that $500k I used is limiting the potential of Bitcoin which is not right, just like you said the $500k is quite a low price and I agree with you, the potential of Bitcoin is so great and it has a very bright future looking at the wave is making around the world states adopting and creating a Bitcoin reserve is a good sign even though it's not guaranteed.
I think that I am suggesting that $500k is both high and low at the same time, and perhaps one of the reasons that I like to focus on the 200-WMA rather than the spot price is based on a certain amount of inevitability that BTC spot price is going to continue to be all over the place, even though the 200-WMA.. as a lagging indicator and even as a bottom indicator is much more likely to continue to go up at a gradual rate.. which surely I project it out into the future in my fuck you status chart.. , which
currently shows the 200-WMA reaching $500k around 2036 or 2037... ..and yeah, that would be as a bottom indicator, but I also attempt to account for the new projected future numbers every 6 months or so based on what had actually happened in the prior 6 months, in order that I can continue to monitor the rate at which the 200-WMA continues to go up and then to be able to adjust future projections accordingly... which seems that the 200-WMA gradually continues to go up quite strongly, while at the same time slowly reducing in the rate that it is going up.