Quote from: Merit.s on May 05, 2025, 11:07:52 AM

This is to all newbies who wants to start their bitcoin long-term investment. It's good that you figure out how much you can use from your extra cash to invest in bitcoin from your income. This will enable you buy whenever you have received your income using DCA strategy. You shouldn't use money for your basic needs to buy bitcoin and start starving yourself or endanger your health. If you do that, you are only punishing yourself and gambling with your health because you will finally sell the bitcoin that you bought when you can no longer cope with the punishment.

Bitcoin investment should be done with ease by using only your discretionary income to invest gradually, that will relieve you from financial stress, and enable you to control your emotions when there is a dip in price to achieve your long-term goal. If you prevent yourself from living a normal life, and go to a lower standard of life, you can die before your time.

Over aggressive buying means buying bitcoin with money that is not your discretionary income. Only invest with the amount of money that you can afford to lose.

What are your thoughts on this

Newbies or not, it is not advisable for any Investor to invest an amount that's going to trouble him or her into bitcoin. Bitcoin investment is best done with money you have budgeted ahead. One should plan his financial flow, and know which percentage that is to be invested in bitcoin and which should be used for other house hold needs. But as an investor, there are weeks or months where you have less expenditures in terms of family needs, when situation like this happens you can decide to be a bit aggressive in order to increase your bitcoin holding, buy increasing the percentage allocated in bitcoin investment for that week or month. This is a more sustainable way of being aggressive rather than using up money meant for other house hold needs in buying bitcoin.