It is more realistic if someone that is a starter, to focus more on accumulating Bitcoin aggressively and continue to buy consistently instead of waiting for a dip. DCA method of investing in Bitcoin is more important and more realistic and it is more sustainable for someone that is a newbie, we know there are challenges and obstacle that might come our way during this process, that is why continuity and Consistency is important, Continuous accumulation to build our asset is more important than waiting for a dip to occur which we might not know when exactly a dip would occur.
And a newbie trying to start a bitcoin investment there is always difficulties having backup funds, it absolutely makes no sense for a newbie to hold on to cash instead of investing in Bitcoin using the DCA strategies on a weekly basis, there is absolutely no importance in building Backup funds before making investment, Buying aggressively and ruthlessness is the best strategy for a Beginner. This strategies helps us build our portfolio.
I disagree on this your statement here, am talking about the bold words in your write up, how does buying aggressively be the best strategy for a beginner?
Don't you know that by doing so, if you over invest more than what you can afford to do away with, you might be compel to temper with your holdings in the nearest future, because you can't be using money meant to sorts out your basic needs to invest aggressively and be expecting not to fall back to it Shortly when the basic needs hasn't been addressed.
Am not saying that buying aggressively is bad, what am trying to say is that if you don't have the financial power or leverage to do it, don't do it, because it might put you into a very difficult situation financially which might weakens your ability to hold strong, so as we are buying and accumulating, let's try to do it at a pace that it would not be a trouble to our ability to finance our daily lives.
Maybe you are still not clear with the meaning of buying aggressively. Every bitcoin purchase is advised to be made from the discretionary income, now the quantity of the discretionary income you invest into bitcoin with respect to the total discretionary income is what determines your level of aggressiveness, if you invest very little quantity, let's say 30% of your discretionary income, you can be said to be whimpy and are less aggressive compared to the person who invests 50%, which is in turn less aggressive than a person that invests 60% of their total discretionary income into bitcoin. Agressiveness in purchasing bitcoin shows seriousness when it is not over done.
Aggressiveness is good, but Ruthlessness is going very extreme without reservation or boundary and this might even entail investing more than only your discretionary income into bitcoin which might include money supposed to be utilized for expenses and it can be termed being overly aggressive and instead of being helpful, it is a disastrous approach to accumulating bitcoin and I would not be supporting any investor, not just a newbie to go that route.
What you described as less aggressive, aggressive and overly aggressive should also be dependent on individuals discretionary income per total income periodically. When a person earns an amount which allows him $500 discretionary income weekly his 30% is $150 50%=$250 and 60%=$300. When you compare with someone whose weekly discretionary income is $200, his 30% is $60, his 50%=$100 while his 60%=$120.
Now describing aggressiveness by percentage is practically ironous as even a person's 100% may not amount to another person's 10%. What really matters is your consistency and fairness. As your discretionary income rises, it is advisable to also boost your emergency funds alongside your investments fund. DCA principles is still the best and a wage receiver, your monthly income is very documented and could allow anyone for proper planning. In cases of a sudden increase in income leading to a surplus discretionary income, investment by lump-sum is advised based on the consequent discretionary income rise.
Buying aggressively when there's no pay-rise could endanger your investments and could lead you into loss when things go sour.