There are some people who use all there salary for the week to invest on Bitcoin hoping get money from somewhere maybe they have a side hustle where they are expecting money from that same week, it very is wrong to use all your salary for the week to invest in Bitcoin because you are hoping to get another money from your side hustle what if something happened and that your side hustle failed for that week and you don't receive any money, this was what made me dip hands into my Bitcoin investment and it thought me a lesson so when you get your salary for the week use only your Discretionary income from that salary to accumulate Bitcoin and then when the side hustle money comes you can decide to invest all.
It will be unwise for an investor to use all his income either monthly or weekly to accumulate bitcoin without first sorting out his discretionary income, as to know whether he has discretionary income at his disposal to be used for accumulating bitcoin.using funds for family upkeep for accumulating bitcoin may not just be stressful but rather exposing our investment to the risk of dipping hands into it before the anticipated time line and also there won't be room for emergency funds and making our bitcoin investment to be unstable.
Mistakes like this are rare but if such ever happens I’m more curious why an investor will use everything when it comes to investing, I don’t consider this an aggressive buying rather using everything is one of the quickest way to destroy a bitcoin portfolio. Although due to wanting more few can take this step but, funny enough wanting more requires management knowledge, I was privileged to discuss with my friend concerning another form of investing that never went well and to my biggest surprise he had plans due to higher expectation so I guess one of the reasons people choose to go all in can be considered as greed. For the fact bitcoin is a good investment choice we must apply knowledge when investing, for example using a budgeted money meant for family care to accumulate bitcoin is risky not just risk it’s an act of trade for the sake of wanting quick profit, as stated earlier management planning is far helpful for a long term accumulation process most especially a monthly salary earner well I’m speaking from experience.