Quote from: SuperBitMan on Today at 10:00:38 AM

Quote from: Tungbulu on May 19, 2025, 03:47:57 PM

Quote from: Die_empty on May 10, 2025, 06:22:30 PM

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

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.

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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.

This in fact is the major biases that influences most newbies investors' decisions when they newly begin their accumulation journey. They often look at the progress of other investors and they forget that everyone has their own individual financial plans, goals and even requirements, and when they see other investors with totally different financial plans from theirs, accumulating more bitcoin than they are, they immediately feel unserious of left out and then immediately feel the need to increase their accumulation pace and aggressiveness, and then later on, they start getting affected by this decision.

That is why it's always important for every investor, newbie or not, to first of all evaluate their financial position, in order to help them in identifying and understanding their financial requirements from their investments, then this can further aid the investor to set their financial goals and also device the best strategy to help them achieve those goals and also avoid future financial strains.