It is not wise enough to invest up to 70 percent of your Discretionary income into bitcoin. Having such amount invested would have a drastic effect on your backup funds and emergency funds. The percentage of funds you put into your back up funds and emergency funds really has a lot to do when it comes to how long and investor can be able to hold his assets and also influences the amount you put into your back up funds. Investing within your reach is better than investing Aggressively and having to sell of your assets in the event of unforeseen circumstances.
Investment within any investors reach is as the same thing investment aggressively and talking about not investing up to 70% for a start i that it is not that possible but those are into Bitcoin for so long now, and with their steady cashflow defers that is how your their percentages will defer when it comes to investing and buying Bitcoin aggressively, and good investors will surely start his/her investment along side his emergency fund.
Buying aggressively can be very good for a Bitcoin investor, but it can also be very bad for a Bitcoin investor, where the defining factor is, is how it's being done.
You can't be investing up to 70% of your net income into Bitcoin and be expecting not to temper with it later, because if your basic needs is not properly taken care of, it would be just a matter of time before you fall back to your investment for survival, that's why over doing it is a very wrong thing to do.
Furthermore, as a Bitcoin investor, we should try to be stacking up our emergency funds the Same way we are buying weekly or monthly, so that our emergency funds will be big enough to carry what ever storm or financial crisis that may arise in the future.
Before investing in Bitcoin, it is important to have a plan, because without a plan it is not possible to reach any destination. Of course, having a plan is enough for this, so we should give such importance to the emergency fund. Because if we buy aggressively, it will be a threat to us in the future, so we will meet most of our income to meet the basic needs of the family and we will use the rest of the money for Bitcoin investment.
In this way, if we can manage our investment for a long time according to the plan, it is definitely possible to grow a lot of portfolios in the end. In the beginning, we will think about buying Bitcoin. Whenever we think about selling Bitcoin, greed can arise in the investor, so we will refrain from selling Bitcoin and make every effort to buy Bitcoin.