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
An investor needs to be alive to enjoy his profits. Therefore, there is no need to compromise shelter, food, health, education, and other important needs because you want to invest in Bitcoin. It is not bad to make some sacrifices because you want to save and invest. But it should be done in moderation.
Life events are not predictable, so it is also vital to have backup or emergency funds. Setting out these funds will help to cushion the effect of emergency needs that might force an investor to sell off prematurity.
You've said it all. Inasmuch as it's investing or saving for the the future is essential, it'll be even more disastrous to neglect today's needs. All the things you've listed above are human's basic needs, and if I just say correctly, these should come first before any other thing.
The mistake that most people often make is priority displacement, and this could be mostly seen in newbies who have become too enthusiastic about accumulating Bitcoin for their future, and this is a major misconception that should be corrected.
You are correct Tungbulu, that is why I always advise people to use only there discretionary income to buy or invest in Bitcoin because if you use money meant to pay or settle important bills to accumulate Bitcoin how will you now settle those important things that you left, yes Bitcoin investment is important but not more important than food, cloth, shelter, water and many things, so don't use money you are suppose to use for paying of important bills to accumulate Bitcoin.
Yes some newbies when they come into Bitcoin investment they see there self as been in the back so they try everything possible to make sure they meet up and that always lead to accumulate aggressively and in that process of being aggressive they don't have a backup funds and they are still using money meant for paying important bills to accumulate Bitcoin, this attitude has lead a lot of newbies into a financial set back.
If you are a newbie into Bitcoin investment just know that you are not late, bitcoin will get to $500k and $1 million so just be investing and HOLDING using only your Discretionary income.