Buy the DIP, and HODL!

[Ruttoshi]

But for those business owners that have just started the business, and haven't reached ROI yet, you should merely concentrate on the business. Bitcoin will merely be a distraction. But if the business has reached ROI and has paid for the money loaned to start the business, THEN use some of the business' profit to save and HODL in Bitcoin.

That's just a rookie mistake, they just assume that it's always going to be up and up while the reality is different, creating a business is easy if they have capital but making it profitable is the real task and to get ROI it will be atleast 3-5 years on an average so the focus should be completely on that if we are talking about business that is just handled by ourselves.

Plus for those people who want to start a business merely because they "don't want to work for someone else", I believe you should think about it carefully before leaving your job. It's harder to start and boot-strap an actual business than working for someone else.

It's due to the influence of social media motivational speakers, they just spit things without telling the real story behind it. And it made lot of people to think that I can do this, but at the end it's just that they dug their own grave.

If we think about it more clearly, if a person who wants to get a bank loan to start a business can work around, trick the bank, and diversify the funds to BUY BITCOIN, I believe that would have a higher probability of success to be in profit within FIVE YEARS than actually starting a business.

It's laughable because it's TRUE.

I wouldn't love to start my bitcoin long-term investment like that since it's like trading and not investing. This is because you don't know what the future has for bitcoin and it's not good to invest in bitcoin with funds that's not your discretionary income that you can do away with. Investing in bitcoin is not a business that you are taking a loan to invest in for 5 years and expect to sell back to pay your loan.

You will remain sleepless night throughout that five years without rest of mind and whenever bitcoin price dips, you will panic. Infact, your blood pressure will be high. It's better I start my bitcoin investment with as low as $10 and keep my bitcoin accumulation ongoing, regularly with consistent and persistent for that 4-10 years and above. Look for a means to increase my income so that i can invest aggressively than going through the loan way. I mustn't buy 1 full bitcoin or see bitcoin as a way to make profits.

I kind of disagree with you that Lump Sum Strategy can be used by every one,I don't find your words convincing enough because Lump Sum Strategy is mainly used by the Rich because it's requires an investor putting a very huge sum funds into his Bitcoin investment at once and this kind of strategy cannot work and be used by everyone Except  for the high income Earners.

Don't get it twisted, lump sum is open to all whether rich investors or poor investors as long as it is from your extra funds. The difference is that a rich man has the capacity to lump sum with higher amount than a man with a low income and also has the opportunity to lump sum in various times than the low income investor. The reason why I said that a low income investors can also lump sum is that, he can be given bonus at work or traveling allowances for representing his company in a meeting. There is also christmas bonus, that he can use to lump sum if he wants.

For example, my weekly DCA is $50, and is ongoing. I was lucky to be given a bonus of $200 at work to motivate me. I can decide to use $100 or $150 to buy bitcoin right away regardless of the price. What I did was a lump sum buy. I must not have $1000 to buy right away before you say that's lump sum.

[len01]

DCA is also not for those who do not have stable finances, it is difficult to do DCA if your finances are not stable so I suggest you have a stable income first out there then you can do DCA happily without any obstacles.

So you think someone who wants to invest in bitcoin must have a stable income to implement the DCA strategy? And no one should invest in bitcoin if they don't have a stable income?

For me such assumption is very wrong and DCA strategy has no such rule. Even anyone can invest their money to save in bitcoin with only $1 every week or monthly.
I know someone in 2022 and he only makes about $50-$70 a week and it's not stable. But he can still do DCA to spend $2 on BTC every week.

[Sim_card]

investor should have their target and invest according to their financial capabilities one don't need to be over aggressive cause their friend who's an investor is doing so whereas they're not very financial strong to do same, it doesn't matter whether one is a beginner or not once one is very financially stable to invest aggressively and understands the concepts of it then follow it amicably then they're good to go so far they don't go against the concept of Bitcoin investment while trying to be aggressive, some investors make the mistake of imitating others instead of investing according to their financial capabilities. For instance, the fact that Saylor at some point was investing daily doesn't mean that investors should do so too just cause they look up to him as a mentor or so whereas they can't keep up with buying daily, that's why I said ever investor should do so according to their financial capabilities.

I agree with you mate, investing in bitcoin is not a competition and shouldn't be, because we have different income and different expenses. Even someone receiving the same income with you will have different expenses and discretionary income. This is why you don't use more than your discretionary income to invest in bitcoin so that you don't end up selling it at loss to take care of your needs when it arises.

Anyone that buys bitcoin over aggressively because he's into competition is gambling and not investing. This is why one need to be very careful in his decisions and steps he takes to keep his bitcoin investment ongoing overtime, so that he doesn't make any mistake that can make him lose part of his bitcoin portfolio.

 If you have the financial strength to invest aggressively, do so. But if you don't have, don't try it. It's better that you find a means to increase your income in order for you to have the financial strength to invest aggressively overtime.

[Stormisover]

DCA is also not for those who do not have stable finances, it is difficult to do DCA if your finances are not stable so I suggest you have a stable income first out there then you can do DCA happily without any obstacles.

It is very good to have a stable source of income but that mentality of saying that one must have a stable source of income before starting Bitcoin investment can be very wrong because with the dca strategy we can be accumulating Bitcoin whenever we have a discretionary income and at the time be working on our sources of income, it is wrong for us to see Bitcoin as burdensome investment such that we don't have to wait until our sources of income is stable before we can start buying Bitcoin and there is saying that a low coiner is better than a no coiner , one of the things I have learnt is that there are things that we can actually be working upon while we are at the same time buying Bitcoin without thinking that we must perfect in them before getting started and this includes our financial too, but we must accept and be working towards making an improvement.

[Taskford]

DCA is also not for those who do not have stable finances, it is difficult to do DCA if your finances are not stable so I suggest you have a stable income first out there then you can do DCA happily without any obstacles.

So you think someone who wants to invest in bitcoin must have a stable income to implement the DCA strategy? And no one should invest in bitcoin if they don't have a stable income?

For me such assumption is very wrong and DCA strategy has no such rule. Even anyone can invest their money to save in bitcoin with only $1 every week or monthly.
I know someone in 2022 and he only makes about $50-$70 a week and it's not stable. But he can still do DCA to spend $2 on BTC every week.

What can you sustain on your investment if you don't have stable income? Everything will fall apart if you encounter financial issues since you might think about selling your Bitcoin if you don't have any option left.

So much better to find ways to create stable source of income so that there would be no problem arise towards your investment. We are talking about long term here and for sure we don't want to fail just because of small reasons.

Would be good for people if they can make everything sustainable since they can increase their chance to succeed without getting bothered by any financial disturbance.

[Cossyblack]

DCA is also not for those who do not have stable finances, it is difficult to do DCA if your finances are not stable so I suggest you have a stable income first out there then you can do DCA happily without any obstacles.

It is very good to have a stable source of income but that mentality of saying that one must have a stable source of income before starting Bitcoin investment can be very wrong because with the dca strategy we can be accumulating Bitcoin whenever we have a discretionary income and at the time be working on our sources of income, it is wrong for us to see Bitcoin as burdensome investment such that we don't have to wait until our sources of income is stable before we can start buying Bitcoin and there is saying that a low coiner is better than a no coiner , one of the things I have learnt is that there are things that we can actually be working upon while we are at the same time buying Bitcoin without thinking that we must perfect in them before getting started and this includes our financial too, but we must accept and be working towards making an improvement.

Relying on your discretional income wouldn't be enough to sustain your investment, because the primary aim of any investor is  sustainability of his investment, the ability to hodl for a long term and in other for you to achieve that, certain measures has to be put in place and one of this measure to be considered is having a stable source of income.

A stable source of income is very important for any  investor who plans to sustain his investment and hodl for a longer term,having a stable source income will help you as an investor to set up an Emergency funds for your investment. An Emergency funds  will aid you to take care of your financial emergency and unplanned expenses in the Sense you might not be tempted to tamper with your investment in the future. Remember the main aim is to Hodl for a  long term,having considered and put this important measures in place,your plan to Hodl for a longer term is certain to be successful and achievable and your focus to consistently buying of bitcoin using DCA strategy will not be hindered.

[Findingnemo]

~
If we think about it more clearly, if a person who wants to get a bank loan to start a business can work around, trick the bank, and diversify the funds to BUY BITCOIN, I believe that would have a higher probability of success to be in profit within FIVE YEARS than actually starting a business.

It's laughable because it's TRUE.

But there's a reality check, no bank will give loan to become an investor while getting a loan is easier to start a business This tells us the story of banks never want the people to become rich they just see them as money-milking cows. The loans we can get is personal loan and credit cards which has high interest rates than the usual interest rate of 4-7% so those should not be used to invest.

[Stormisover]

DCA is also not for those who do not have stable finances, it is difficult to do DCA if your finances are not stable so I suggest you have a stable income first out there then you can do DCA happily without any obstacles.

It is very good to have a stable source of income but that mentality of saying that one must have a stable source of income before starting Bitcoin investment can be very wrong because with the dca strategy we can be accumulating Bitcoin whenever we have a discretionary income and at the time be working on our sources of income, it is wrong for us to see Bitcoin as burdensome investment such that we don't have to wait until our sources of income is stable before we can start buying Bitcoin and there is saying that a low coiner is better than a no coiner , one of the things I have learnt is that there are things that we can actually be working upon while we are at the same time buying Bitcoin without thinking that we must perfect in them before getting started and this includes our financial too, but we must accept and be working towards making an improvement.

Relying on your discretional income wouldn't be enough to sustain your investment, because the primary aim of any investor is  sustainability of his investment, the ability to hodl for a long term and in other for you to achieve that, certain measures has to be put in place and one of this measure to be considered is having a stable source of income.

A stable source of income is very important for any  investor who plans to sustain his investment and hodl for a longer term,having a stable source income will help you as an investor to set up an Emergency funds for your investment. An Emergency funds  will aid you to take care of your financial emergency and unplanned expenses in the Sense you might not be tempted to tamper with your investment in the future. Remember the main aim is to Hodl for a  long term,having considered and put this important measures in place,your plan to Hodl for a longer term is certain to be successful and achievable and your focus to consistently buying of bitcoin using DCA strategy will not be hindered.

I think you don't understand my point what I am saying is that having a stable source of income is very good but it is not a criteria that you must first have a stable source of income before one can start a Bitcoin investment, you can be accumulating Bitcoin with the little money you have so far is from your discretionary income while at the same time you will be working on your finances, if everybody should be waiting until they have a stable source of income maybe there are so many that have Bitcoin investment today that wouldn't have got in to it as when they started. Anyone who truly have Bitcoin investment in their mind after getting started will never give up on working on their finances for sustainability of their investment.

[Ricardo11]

DCA is also not for those who do not have stable finances, it is difficult to do DCA if your finances are not stable so I suggest you have a stable income first out there then you can do DCA happily without any obstacles.

So you think someone who wants to invest in bitcoin must have a stable income to implement the DCA strategy? And no one should invest in bitcoin if they don't have a stable income?

For me such assumption is very wrong and DCA strategy has no such rule. Even anyone can invest their money to save in bitcoin with only $1 every week or monthly.
I know someone in 2022 and he only makes about $50-$70 a week and it's not stable. But he can still do DCA to spend $2 on BTC every week.

What can you sustain on your investment if you don't have stable income? Everything will fall apart if you encounter financial issues since you might think about selling your Bitcoin if you don't have any option left.

So much better to find ways to create stable source of income so that there would be no problem arise towards your investment. We are talking about long term here and for sure we don't want to fail just because of small reasons.

Would be good for people if they can make everything sustainable since they can increase their chance to succeed without getting bothered by any financial disturbance.

The issue of financial stress must be resolved in advance by the investor. Because financial distress or distress is a normal occurrence during an emergency, but if there is no other solution for that situation at that time, this problem can damage the investor's holdings. Which can cause a lot of losses for the investor.
Therefore, creating a reliable source of income is very important for investors, and keeping an emergency fund for financial security is equivalent to a kind of obligation.
Basically, the investor must take all kinds of steps to protect his holdings. He must be prepared in advance to deal with any future emergency situation. And he must create various sources of income.
If he is careful about these things, there is no possibility of major losses from Bitcoin investment, because he can hold his holdings for a long time without any obstacles.

[Jewan420]

I think you don't understand my point what I am saying is that having a stable source of income is very good but it is not a criteria that you must first have a stable source of income before one can start a Bitcoin investment, you can be accumulating Bitcoin with the little money you have so far is from your discretionary income while at the same time you will be working on your finances, if everybody should be waiting until they have a stable source of income maybe there are so many that have Bitcoin investment today that wouldn't have got in to it as when they started. Anyone who truly have Bitcoin investment in their mind after getting started will never give up on working on their finances for sustainability of their investment.

With your plan for a stable income source, I doubt whether it would be the right step for an investor to enter into investment without preparing a stable income source. Ensuring a stable income source before starting investment is one of the basic conditions of investment. If you want to work on a source of income after starting investment, then the money you start investing with must be unnecessary money that you are ready to lose and you will never need in the future. In this case, you may have to face some threats, such as not finding a stable income source at the right time, which may have a negative impact on your holdings or not finding a source of income at the right time, which may cause your investment to suffer losses. That is why I think ensuring a stable income source before starting investment means a strong foundation for your investment structure. If you have the ability, it is possible to start investing without a stable income source, but I have doubts about its longevity.

[BitBakerr1]

I think you don't understand my point what I am saying is that having a stable source of income is very good but it is not a criteria that you must first have a stable source of income before one can start a Bitcoin investment, you can be accumulating Bitcoin with the little money you have so far is from your discretionary income while at the same time you will be working on your finances, if everybody should be waiting until they have a stable source of income maybe there are so many that have Bitcoin investment today that wouldn't have got in to it as when they started. Anyone who truly have Bitcoin investment in their mind after getting started will never give up on working on their finances for sustainability of their investment.

With your plan for a stable income source, I doubt whether it would be the right step for an investor to enter into investment without preparing a stable income source. Ensuring a stable income source before starting investment is one of the basic conditions of investment. If you want to work on a source of income after starting investment, then the money you start investing with must be unnecessary money that you are ready to lose and you will never need in the future. In this case, you may have to face some threats, such as not finding a stable income source at the right time, which may have a negative impact on your holdings or not finding a source of income at the right time, which may cause your investment to suffer losses. That is why I think ensuring a stable income source before starting investment means a strong foundation for your investment structure. If you have the ability, it is possible to start investing without a stable income source, but I have doubts about its longevity.

Let me make it clear that without a stable source of income it is impossible to succeed in long term Bitcoin investment even if you have a very strong backup funds it will run dry as time goes on and before you no it you will start dipping hands into your Bitcoin investment, nothing can save your bitcoin investment if you don't have a stable income, and just like you said one needs to have a stable source of income before starting his or her Bitcoin investment journey because if you start bitcoin investment without having a source of income and then hoping to find one when you have already started then you are taking a very big risk and is 50/50 you may succeed and you may not so before you start reason all this.

[Stormisover]

I think you don't understand my point what I am saying is that having a stable source of income is very good but it is not a criteria that you must first have a stable source of income before one can start a Bitcoin investment, you can be accumulating Bitcoin with the little money you have so far is from your discretionary income while at the same time you will be working on your finances, if everybody should be waiting until they have a stable source of income maybe there are so many that have Bitcoin investment today that wouldn't have got in to it as when they started. Anyone who truly have Bitcoin investment in their mind after getting started will never give up on working on their finances for sustainability of their investment.

With your plan for a stable income source, I doubt whether it would be the right step for an investor to enter into investment without preparing a stable income source. Ensuring a stable income source before starting investment is one of the basic conditions of investment. If you want to work on a source of income after starting investment, then the money you start investing with must be unnecessary money that you are ready to lose and you will never need in the future. In this case, you may have to face some threats, such as not finding a stable income source at the right time, which may have a negative impact on your holdings or not finding a source of income at the right time, which may cause your investment to suffer losses. That is why I think ensuring a stable income source before starting investment means a strong foundation for your investment structure. If you have the ability, it is possible to start investing without a stable income source, but I have doubts about its longevity.

I can boldly say that you are wrong here ensuring a stable source of income before starting investing is not a basic condition of Bitcoin investment, the basic condition is having a discretionary income, no doubt that having a stable source of income is good but it shouldn't be seen a basic condition before starting bitcon investment because there are those who's income source are not stable but yet they still buy Bitcoin whenever there money comes in like a contractor.

[G_Besar]

I can boldly say that you are wrong here ensuring a stable source of income before starting investing is not a basic condition of Bitcoin investment, the basic condition is having a discretionary income, no doubt that having a stable source of income is good but it shouldn't be seen a basic condition before starting bitcon investment because there are those who's income source are not stable but yet they still buy Bitcoin whenever there money comes in like a contractor.

If we look at it basically, every investor must have an income to be able to invest in anything including Bitcoin because it has become a fairly basic foundation for all investors. Regardless of whether they have a stable income or not, income must still be there to be able to start investing in Bitcoin because the basic action of investors is to buy Bitcoin with the amount of funds they have. As for how to manage it yourself, I think it is more about each individual's strategy because as long as the intention to buy Bitcoin is still in their own heart, of course it will be done very wisely without looking at more suggestions that might make them dizzy.

[Gost ms]

[Edited out]

Okay, I will try to draw a conclusion here that it means that aggressive actions should not be involved in accumulation, there is a little tolerance only when you are experienced enough or have really good financial management and arrangements and maybe there are some beginners who have good financial management from the start but of course everything must still be measured because in any case the risk will always lurk, but overall in my opinion the best for beginners is to avoid various actions that tend to be aggressive and it is better to accumulate with a small/ideal amount every time you do DCA allocation even though for example they have a fairly good financial situation in their life.

Okay, let's say a relatively high income earner decides to start investing in bitcoin probably because they have friends who are investors and have told them slot about bitcoin, such a person, though is a newbie, can start their investment aggressively as long as the funds are available for them to do so, they are not experienced enough but they are financially stable with good financially management skills, investing aggressively isn't necessarily for veteran investors alone, it is for everyone with the mindset to invest aggressively and the funds to back that mindset up.

A new person or an experienced person can buy aggressively. But there is a big difference between a new investor and an experienced investor. The Bitcoin market is not stable. Anything can happen at any time. When a new person buys aggressively, if the price of Bitcoin drops in a few days, the new person will become very unstable. And they may think of selling their investment thinking that they will lose more. Because a new person is not aware of the Bitcoin market. But for an experienced person, these are very minor issues. Because he has faced such situations in the past. And has built up faith in Bitcoin.

[suzanne5223]

If an investor has a good source of income and if he plans to invest consistently while having a good source of income then I think that investor will be successful with his investment plan. But an important factor that will work in this case is how much money the investor is consistently investing.

No, the investor can be successful even if s/he has all the funds to invest consistently while s/he lacks the important factor which is understanding how the market works, and how to secure the Bitcoin s/he invested in.
Everything is not about having the funds.

Although it is a bit late to start investing, I would say that before starting investment, you should start investing with a proper plan. I think it would be a better move for any investor to start investing with some time and stay with that investment rather than selling the investment mid-way through the investment.

There's nothing been late to start investing in Bitcoin since the 21 million total coin is yet to be mine. You said it yourself, the person needs a proper investment plan that will make him/her hold the BTC for the long term.

I don’t see reason that beginners need to study about the Bitcoin market before they start their bitcoin investment journey ,It is not necessary to study any market. All beginners need is basic knowledge of buying Bitcoin and the best wallet they can use to store their Bitcoin.

A beginner to bitcoin does not need to learn about bitcoin wallets before starting to invest into bitcoin.

SOKO-DEKE There's nothing bad for beginners learning about the Bitcoin market (particularly the 4-year cycle which will give them more understanding about BTC inflation control, and volatility).

JayJuanGee They don't need to learn about how to use a wallet before investing in Bitcoin but what will happen if they lack the knowledge on how they will keep their BTC safe when we're in the season where it is more important for people to hold their BTC in self-custodial wallets?

[Derekfunds]

I think you don't understand my point what I am saying is that having a stable source of income is very good but it is not a criteria that you must first have a stable source of income before one can start a Bitcoin investment, you can be accumulating Bitcoin with the little money you have so far is from your discretionary income while at the same time you will be working on your finances, if everybody should be waiting until they have a stable source of income maybe there are so many that have Bitcoin investment today that wouldn't have got in to it as when they started. Anyone who truly have Bitcoin investment in their mind after getting started will never give up on working on their finances for sustainability of their investment.

With your plan for a stable income source, I doubt whether it would be the right step for an investor to enter into investment without preparing a stable income source. Ensuring a stable income source before starting investment is one of the basic conditions of investment. If you want to work on a source of income after starting investment, then the money you start investing with must be unnecessary money that you are ready to lose and you will never need in the future. In this case, you may have to face some threats, such as not finding a stable income source at the right time, which may have a negative impact on your holdings or not finding a source of income at the right time, which may cause your investment to suffer losses. That is why I think ensuring a stable income source before starting investment means a strong foundation for your investment structure. If you have the ability, it is possible to start investing without a stable income source, but I have doubts about its longevity.

I can boldly say that you are wrong here ensuring a stable source of income before starting investing is not a basic condition of Bitcoin investment, the basic condition is having a discretionary income, no doubt that having a stable source of income is good but it shouldn't be seen a basic condition before starting bitcon investment because there are those who's income source are not stable but yet they still buy Bitcoin whenever there money comes in like a contractor.

That fact still remains that an investor ought to have a source of income that will be convenient for them while carrying out his or her Bitcoin investment that is to say that source of income is paramount. Your discretionary you are talking about is still a function of your source of income because it is physically and humanly impossible to have a discretionary without a source of income so you need a source of income before you can have your discretionary. so to end the argument, whether stable or not an investor ought to have a source of income that won't affect there investment ( a source of income that will  make them to invest freely without obstruction).

[Promocodeudo]

A new person or an experienced person can buy aggressively. But there is a big difference between a new investor and an experienced investor. The Bitcoin market is not stable. Anything can happen at any time. When a new person buys aggressively, if the price of Bitcoin drops in a few days, the new person will become very unstable. And they may think of selling their investment thinking that they will lose more. Because a new person is not aware of the Bitcoin market. But for an experienced person, these are very minor issues. Because he has faced such situations in the past. And has built up faith in Bitcoin.

You're very correct, but we must learn gradually and that learning starts from one day so whatever thing we encounter is part of the process and that's it unless we aren't ready for the investment, if we don't go through some stages in life or in Bitcoin investment, we won't learn some things, though I concur to what you said, a newbie may not be conversant with how things are done in Bitcoin investment and that may cause him or her to panic unnecessarily when an event that he or she is not familiar with occurs as time goes by and it may also trigger him or her to take some silly or regrettable decision that he would've not taken if ordinarily he had been knowledgeable about the whole thing but it will not be same with old folks just as you said, there are some things an investment will have to learn when he or she is fully involved in Bitcoin investment though some people get to know about these things before investing which is also good for them but I believe in practical because it either validate what you think about an investment or proves you mindset wrong towards an investment.

Though newbies and existing investors way of thinking towards Bitcoin investment may differ but it also depends on the newbie level of exposure on this investment, some people are called newbie because they have not invested yet not that they don't know little things about volatility and fluntuation of the said investment, though I actually agree with all you said.

[Moreno233]

That's just a rookie mistake, they just assume that it's always going to be up and up while the reality is different, creating a business is easy if they have capital but making it profitable is the real task and to get ROI it will be atleast 3-5 years on an average so the focus should be completely on that if we are talking about business that is just handled by ourselves.

It's due to the influence of social media motivational speakers, they just spit things without telling the real story behind it. And it made lot of people to think that I can do this, but at the end it's just that they dug their own grave.

If we think about it more clearly, if a person who wants to get a bank loan to start a business can work around, trick the bank, and diversify the funds to BUY BITCOIN, I believe that would have a higher probability of success to be in profit within FIVE YEARS than actually starting a business.

It's laughable because it's TRUE.

I don't agree with you that this is a smart move because you will just be sacrificing your peace of mind for that five years. The thought of paying back the loan can even make you sell the Bitcoin when you least expected to sell and that will defeat whatever you had wanted to achieve. The moment you buy Bitcoin with borrowed money, your mind will not be at rest which is something bad. Anything that steal your peace of mind is not great.

When I started using the DCA method to buy Bitcoin, I started experiencing some great deal of peace because I stopped panic buy and worrying about the price. This is why I have remain with the DCA method because it helped me deal with the emotional aspect of investing in Bitcoin and this is one of the most remarkable progress I have made in my Bitcoin accumulation. I will not want to go back to the era of being worked-up and sleepless nights monitoring the price so that I can pay back some loan.

[Proty]

[Edited out]

[Edited out]

Okay, let's say a relatively high income earner decides to start investing in bitcoin probably because they have friends who are investors and have told them slot about bitcoin, such a person, though is a newbie, can start their investment aggressively as long as the funds are available for them to do so, they are not experienced enough but they are financially stable with good financially management skills, investing aggressively isn't necessarily for veteran investors alone, it is for everyone with the mindset to invest aggressively and the funds to back that mindset up.

A new person or an experienced person can buy aggressively. But there is a big difference between a new investor and an experienced investor. The Bitcoin market is not stable. Anything can happen at any time. When a new person buys aggressively, if the price of Bitcoin drops in a few days, the new person will become very unstable. And they may think of selling their investment thinking that they will lose more. Because a new person is not aware of the Bitcoin market. But for an experienced person, these are very minor issues. Because he has faced such situations in the past. And has built up faith in Bitcoin.

I don't know the reason why people always feel that most newbie don't really understand the risk involved in investing in bitcoin or the volatile nature of bitcoin. I believe quite well that before anyone will put his money into any investment he must know or ask of the risk that is involved before going into it,likewise newbie when it comes to bitcoin investment .so the risk involved in investing in bitcoin is something newbie ought to have known before starting accumulating bitcoin so that they will not panic whenever there is corrections in the price of bitcoin . buying bitcoin aggressively is a personal decision whether the person is a newbie or not and not because of volatile nature of bitcoin

[Rabata]

That's just a rookie mistake, they just assume that it's always going to be up and up while the reality is different, creating a business is easy if they have capital but making it profitable is the real task and to get ROI it will be atleast 3-5 years on an average so the focus should be completely on that if we are talking about business that is just handled by ourselves.

It's due to the influence of social media motivational speakers, they just spit things without telling the real story behind it. And it made lot of people to think that I can do this, but at the end it's just that they dug their own grave.

If we think about it more clearly, if a person who wants to get a bank loan to start a business can work around, trick the bank, and diversify the funds to BUY BITCOIN, I believe that would have a higher probability of success to be in profit within FIVE YEARS than actually starting a business.

It's laughable because it's TRUE.

I don't agree with you that this is a smart move because you will just be sacrificing your peace of mind for that five years. The thought of paying back the loan can even make you sell the Bitcoin when you least expected to sell and that will defeat whatever you had wanted to achieve. The moment you buy Bitcoin with borrowed money, your mind will not be at rest which is something bad. Anything that steal your peace of mind is not great.

When I started using the DCA method to buy Bitcoin, I started experiencing some great deal of peace because I stopped panic buy and worrying about the price. This is why I have remain with the DCA method because it helped me deal with the emotional aspect of investing in Bitcoin and this is one of the most remarkable progress I have made in my Bitcoin accumulation. I will not want to go back to the era of being worked-up and sleepless nights monitoring the price so that I can pay back some loan.

Investing with debt is risky. In addition to the tension an investor has to face in the market downturn, it is even more painful when a loan is taken. That is why one should not take a loan. But if those who have proper ability for debt repayment and find a dip in investing in Bitcoin, then I think it will not be a big problem. However, if an investor has a prudent income and uses that money to deposit Bitcoin regularly using the DCA strategy, there is no better position than this. In this position, an investor can accumulate Bitcoin without any pressure. In the long run, he gets an opportunity to grow his portfolio and he does not have to be under financial pressure. That is why I also follow the DCA position. Bitcoin is volatile, so no one can predict when its price will increase or decrease. That's why an investor can get the most benefit by accumulating Bitcoin through regular buying.