Aggressive buying of bitcoin, I think has to do with the rapidness to which your increasing your bitcoin accumulation, including your lot size within a particular period of time, either as a result of a dip that you've seen or supposedly an increase in your discretionary income, moreover you will not have to be aggressive all the time, so you will have to resort back to your original lot size after your done with your aggressive accumulation for that period. But accumulating bitcoin outside of you descriptionary income, wether aggressive or not, is totally out of it, as whatever you do should be within your discretionary income.
Agreed, everything should be done in the context of discretionary income, when people want to invest aggressively in Bitcoin with more money than they can afford, that is, with their required money, then it is definitely a wrong decision, and the main reason for their such decisions is that they make such decisions to make short-term profits, and due to the volatile nature of Bitcoin, those who think of making such short-term profits, ultimately face disappointment. As an investor, of course, through discretionary income, you must make long-term decisions, and prepare emergency funds to keep your holdings safe for the long term, and buy Bitcoin consistently through DCA.
One of things killing people's ambition when it comes investing is that people don't have a well structured planning and before a successful result people even forget that they need to have a good source of income for the stability because to fund the investment money is very important and this why people are always advised to have a source because even of you want to do DCA and you don't have a source of income there is no way that strategy can even work. And we know how people are always eager of wanting to make money from bitcoin and it everyone's dream but if the proper step is not taking then all effort might end viod. And there people that might be lucky to have made a short time profit and it does not mean that everyone will be that lucky. And people need to learn from people that are already investing. There is always something to learn always and even here there different comments that people can learn from so I don't take anything for granted because knowledge is important.
Agree, It all comes down to discipline and planning. Aggressive buying only makes sense within the confines of your discretionary income and from a well-thought-out plan. Especially with how fickle the market can be, Bitcoin requires some patience and a realistic perspective, and it can stress you out and you might end up wasting money if you go in with money you need. Like DCA, regular accumulation along with a good emergency fund will help keep you in the game for the long-term without putting your finances at risk. In addition, it's important to have a solid source of income otherwise, all good strategies break down. Educating yourself, being patient, and following a plan will typically beat the desire to chase quick returns.
Yeah only few people know about it since there are lots of people want to trade for quick profits rather than doing long term holding on Bitcoin. Not all have long patience since they are scared about the future and don't have confident that great things will happen.
But usually this people regret especially Bitcoin hit its new all time high. Then those people HODL are earning good with those efforts they made.
It take lots of courage to HODL Bitcoin since its serious conviction. But its all worth it especially that we see the progress of Bitcoin even by now and hopefully these situation will be seen by those doubters and think about doing long term instead of selling early their Bitcoin.
In particular, learning from others will save a tonne of trial and error, when it comes to Bitcoin. Instead of having to invent the wheel, you can get ideas from how experienced investors combine DCA with buying the dip, or with other minor adjustments. At the same time, it's important to have the right personal plan according to your financial capacity and long-term goals. Remember, long-term and multi-market trading support customer confidence, patience, and conviction for a strategy to pay off, and that chasing the adrenaline rush of quick profits has often ended in regret.
Your comment is very misleading. An investor never needs to understand the volatility of Bitcoin to invest. Only if a person has basic knowledge about Bitcoin and a source of discretionary income can that person invest.
If you don't understand Bitcoin volatility, even with a source of income and discretionary income, you would still find Bitcoin difficult to invest in. There are people who have income and discretionary income who find it difficult to invest, and those who try to invest when the price of Bitcoin falls may panic and sell at a loss; this is because they lack understanding.
Understanding is the principal thing when it comes to Bitcoin investment. When you have this understanding, you will know what to do with your income and discretionary income. However, when the understanding is not there, you will be confused; even if you try to invest in Bitcoin, you will be uncertain about what to do, especially when the Bitcoin price drops.
Having the money isn't everything, however, unless the Bitcoin investor gets an adequate understanding of the Bitcoin's behaviour, particularly its buzz, then even the most experienced investor may blunder. Having an idea of knowing what to expect from price swings will help you to stick to the plan, not panic sell and make a more rational decision with your funds. It's not just about having money to invest, it's about pairing that money with knowledge and strategy in order to remain consistent and confident for the long term.