Anyone calculating their level of aggressiveness from their discretionary income would already be an attempt to take out the noise, since discretionary income is intended to be the money that is left after accounting for expenses. You have some better way of calculating and/or considering these ways of figuring out levels of bitcoin investing aggressiveness?
I just take the normal one but it has enough accuracy in this case, namely by looking at the Sentiment (Index) Fear & Greed Index so by combining them a Smart DCA strategy pattern was born.
Your comment makes little to no sense, since there is no need to look at market sentiment or other BTC price dynamics in order to engage in reasonable (or smart) DCA practices. Your DCA practices do not necessarily get better based on your trying to time the market or to figure out BTC price dynamics, and instead you may well be screwing up your BTC accumulation practices by failing/refusing to consistently, persistently, regularly, ongoingly and perhaps even aggressively buy bitcoin.
Since woez has been registered on the forum since September 2018, we cannot really know the extent to which he had already been accumulating bitcoin, yet sure, there is likely quite a bit of safety to presume that woez does not really get bitcoin, and that he has not been focusing on accumulating it.. which has either put him as a no coiner or pretty low on the lowcoiner scale, relative to where he could have had been by now.
If the forum registration data is always the initial reference, yes, I really appreciate it but it is not entirely real (lowcoiner scale) and can be used as a basis for seeing someone's asset ownership, maybe there are those who set the silent mode, are less active in discussing but actively investing, who knows.
Well if we use your forum registration date, then maybe we could attempt to approximate where you could have had been right now if you had pursued an aggressive bitcoin investment strategy, including DCA buying.
Let's say for example you have had an income of around $30k per year for the past 7 years, and you started investing into bitcoin right around the time of your forum registration date, and let's say that you invested fairly aggressively around $100 per week, which would have had been right around 17% of your income. So
you would have had invested right around $34.5k and you would have had accumulated about 2.31 BTC. Surely not a bad place to be.
2.31 BTC would have a 200-WMA value of nearly $110k and a spot price value of $253k. I personally think that quantity of bitcoin would sustainably support an annual income of about $11k per year (which would ONLY be 1/3 of your income, yet it seems to me that another few years of either ongoing accumulating of BTC or just Holding, you would be able to get to a place to match or exceed your current income, and sure I understand that some folks would like to only begin sustainable withdrawal of their investment once they can exceed and perhaps even double their current income, and I find no problem with having those kinds of goals, and bitcoin surely makes those kinds of goals to be possible and/or to be reasonable as long as an accumulator works towards getting to an overaccumulation stage by consistently buying bitcoin and even potentially to be aggressive about it..
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.
There is a difference between investing 70% of your discretionary income versus investing 70% of your gross income. It seems that most guys who are referring to investing 70%, they are talking about their discretionary income not their general income.