Quote from: Mrbluntzy on Today at 05:48:37 PM

Quote from: Odohu on May 13, 2025, 10:55:47 PM

[edited out]

Mistaken aggressive investing for something else like what? compulsive? Sloppy or amateurish? Maybe there are people that mistakes it but I don't, if you read what I said last, you will see where I said that some people can be aggressive with their investment yet keeping it consistent and being able to still catch up with the pattern they are following. So, what I mean is that some persons can really have a determination that they want to accumulate 'x' amount of Bitcoin within a set period of time and for them to archive it, they will have to restructure their budgets, keep another income source (if necessary for them), that will sustain them for that time period, while a large percent of their main income is then going into Bitcoin investment alone.

I will give you a real life illustration, if you have a job that pays you very huge amount and you also had a skill that was paying you quite often but you didn't pay so much attention to it because you were so satisfied with your income from your main job. Now, you realize the need to accumulate a certain amount of Bitcoin within a set period of time, after you have analyzed your income, your needs and budget, you decide that you want to invest about 70-80% and that you will drop down so many expenses, that's your decision. If it's flexible for you it's cool as long as the 20% you are left with is able to serve you. You can even decide to restart your skill work which can serve as an alternative source of income to further aid your needs.

That's what I mean, I don't mean it in other way round. Some people could misunderstood the situation and make things to be more rigid for themselves because they want to invest aggressively, meanwhile another person could be aggressive but yet doing it flexibly.

You might not be incorrect in your various descriptions and assertions Mrbluntzy, yet your example of using 70-80% of your income to invest into bitcoin seems a bit unrealistic (and not very representative), even though sure it is possible.

Many folks have difficulties figuring out ways to consistently (especially over long periods of time) save and/or invest up to 10% of their regular income, and sure, it can be possible to save/invest much more than 10%, like you mentioned it could be possible to invest/save up to 70%-80% into bitcoin.. yet I would think that anyone who is even getting close to 50% of their income invested into bitcoin is getting into situations that might be difficult to sustain, even though sure, it is possible to accomplish such a thing.

Another thing, when we talk about whether a guy is being aggressive or whimpy, then we are tending to talk about how much of his discretionary income he is investing into bitcoin, so the discretionary income already has subtracted all of the expenses, so all that is left is the discretionary income, and surely guys could choose to invest up to 100% of his discretionary income on bitcoin, yet it tends to be more realistic to use discretionary income for other consumption and/or even to use discretionary funds to build up various kinds of back up funds, so even a person who might want to invest a lot into bitcoin, he still might want to hold back some of his discretionary income for other consumption, investment and/or backup funds kinds of reasons.

Your point about cutting back expenses to increase the amount that you are able to invest into bitcoin is surely something that some guys might be able to accomplish., and yeah there can be guys who are in positions to increase their income and also to decrease their expenses in order to increase the amount of money that they have available to invest into bitcoin.

In the end aggressiveness versus whimpiness is on a sliding scale, and sometimes it might not be clear whether a guy has crossed over from employing merely aggressive kinds of purchases of bitcoin towards employing overly aggressive strategies, and he might not realize that he had been overly aggressive until some kind of an event happens in which his income goes down and/or his expenses go up, and if he does not have enough back up funds and/or emergency funds to cover such situation, then he may have to draw from some or all of his bitcoin at a time that was not of his complete choosing, which should be an indication that he had screwed things up... since it would seem to me that investing into bitcoin should carry a certain priority and it is not good to use your investment (bitcoin in this case) as part of your emergency funds and/or back up funds...and many guys screw up by being too aggressive and end up selling too much bitcoin too soon based on their own mismanagement of their cashflows and/or back up funds.

Quote from: Jewan420 on Today at 06:06:23 PM

Quote from: JayJuanGee on Today at 04:35:53 PM

[edited out]

Basically, it may be good for us to practice different strategies depending on the situation and can help us increase our investment skills. However, we have to keep in mind that the strategies are not harmful to us in any way. You also have to be skilled in financial management.

I doubt that any of us needs to be skilled at financial management from the start, since we can learn cashflow management skills, and we can tailorize our practices to our situation.

If we go by your forum registration date, it truly could be the case that you had been investing into bitcoin for a year or more, and perhaps when when you got into bitcoin, you were first investing into it and building up your various back up funds, and then maybe after a while, you started to feel that you had enough back up funds since your emergency fund was enough to cover 3 months of your expenses and you had another month or two of extra back up funds that you were flexibly using.

Sure maybe during this process you had been deciding your bitcoin investment (and even how much you added to your back up funds) at the end of every month, yet after a while your recognized some pattern in which you knew that you consistently had $150 to $600 extra at the end of the month, and so some months you had more extra funds and other months you had less extra funds, yet based on all of this assessment and also the fact that you had back up funds, you decided to invest $30 per week into bitcoin and not to wait for the end of the month. and you made those changes based on your confidence that you were going to be able to cover $30 per week no matter what.. .and sure there might be some months that you end up having extra funds that you can invest more into bitcoin, yet if you start to make sure that you invest into bitcoin every week, then you end up putting even a greater emphasis (and priority) to your bitcoin buys.

In the end, you can do what you like, even though I am suggesting that sometimes you might end up adjusting what you do because you realize that a bit of a tweak to what you are doing would improve your comfort level in regards to what you are doing and how you are carrying it out... and for sure, maybe every month you had a consistent pattern of $150 to $600 extra, but then you also realize that 2-3 times per year, there could be ways for you to make an extra $1,000, and so on those occasions, you feel even more empowered in regards to your extra flexibility to choose how to invest that money perhaps allocating portions of that extra money to each of three BTC buying strategies of: 1) lump sum, 2) DCA and/or 3) buying on dips.

There may be some guys who are not able to dedicate towards buying bitcoin every week unless they save up an extra fund for that, and so maybe they spent 18 months monitoring their cashflows and trying to maximize their discretionary income to buy bitcoin, yet at the same time, they might have had variation of -$500 to +$1,400 every month, and so they realize that they have several months in which they have to draw up to $500 from their various back up funds, merely to cover all of their monthly expenses, and so if their cashflow is so irregular, they may decide to purposefully build up an extra fund that merely covers the irregularities, but they can also use that knowledge to set aside $30 per week to buy bitcoin.. and they are ONLY really able to get comfortable holding aside the extra money after they saw the pattern, and also they had spent time really trying to increase their income and to decrease expenses.. with a priority of building up their bitcoin investment, too.

Sometimes there can be difficulties to identify the patterns in the cashflow, and surely there are guys who are both entering into situations in which their income is changing and they might be searching for more steady income, yet they also might have difficulties achieving steady income for extended periods of time that would give them confidence to establish a weekly bitcoin buying pattern, and surely some of these guys might already be in the habit of saving money, but the inconsistencies in their income and/or their expenses might also cause them to have to frequently draw from their back up funds too, so they are regularly depleting their back up funds and making it more difficult for them to determine if they have enough left over to be able to invest in bitcoin.

Quote from: Justbillywitt on Today at 08:14:18 PM

Quote from: Wind_FURY on Today at 08:46:38 AM

[edited out]

You have no idea how much this topic has helped me in my bitcoin accumulation journey. It literally reshaped my thinking about bitcoin. Before I found this topic, I never had confidence in holding bitcoin, I was more like a trader who thought I was smart but. I discovered this topic after spending more than a month in this forum, it was then I realised that I have been doing things the wrong way. I mediately started applying what was thought here in real life, and I saw a great difference. I stopped panic selling for the first time in my life, and since then I have never regretted finding this topic.

This topic alone has added to my life far more than I can ever say. The greatest of it all was it stopping me from seeing bitcoin as a commodity instead of an asset.
Thank you for starting this topic, you have helped humanity in ways you won't understand. Many of us are living right in our investment journey today, is all thanks to this topic originator.

In order to profit from this thread, you likely needed to be receptive to the ideas of the thread - long term investing, continuing to build up your bitcoin holdings and/or improving your cashflow management so that you are also investing from your discretionary funds and not overly risking the bitcoin that you had accumulated, and sometimes your having had made mistakes in the past, will help you to be receptive to the kinds of ideas that we talk about in this thread, and so you also likely ended up putting into practice some of the ideas that we discuss in this thread in order to see results and to realize your own mistakes of the past and realize various ways to improve upon what you had been doing prior to coming to this thread.

It is good that you have become comfortable with your new ways of looking at bitcoin and putting investing (and cashflow management) techniques into practice.