JJG’s Outline of Bitcoin Investment Ideas

[Creeper0]

For example imagine someone earns $1,000 a month. They spend $700 on essentials, save $200 for emergencies, and have $100 left as discretionary money. If Bitcoin drops, instead of touching the $200 emergency fund, they could invest part of the $100 discretionary amount say $20,  $50 or use the DCA approach. Because  this enable investors to buy the dip without putting themselves under financial pressure. If an unexpected expense comes up, their emergency fund is still available, and they won't be forced to sell their Bitcoin at the wrong time.

You seem to have forgotten to set aside money for investments. After spending $1000 to $700 on basic needs, the remaining ($300) is included in the discretionary fund. If from here you set aside $200 for emergency funds or backup funds and save the remaining $100 for discretionary income or deep purchases, then with what amount will you make DCA or main investment? Your plan seems a bit confusing to me.

Usually, there is an investment plan, you will set aside a certain percentage (60-70 percent) of your total income to meet your basic needs, the remaining 30% you can consider as 100% discretionary money. Keep 50-60 percent of this discretionary money for investments and keep the remaining 40-50 percent for the backup fund. In the backup fund, you will keep different funds as per your needs and put money in those funds as per your needs. There you can keep a discretionary fund which can come in handy during deep purchases or when you are aggressive in investing. You can build backup funds as needed, but having an emergency fund is mandatory.

[Rockstarguy]

Remember that it's not every body that can invest in bitcoin because there are so many people that found it hard to figure out a discretionary income since you need to have your discretionary income ready first before you can start investing in BTC,

You make it sound as if having a discretionary is something too difficult to have. You can have discretionary income by good management of income by cutting cost of expenses, and with this you can afford to buy bitcoin according to the amount you can afford. Some people finds it difficult to invest Bitcoin because they lack the understanding of managing income and not even willing to invest Bitcoin.

but for those who has there discretionary income they should be buying if they can buy aggressively they should but shouldn't cross their bounderies because of the dip and over buy aggressively, bitcoin is a volatile asset so we should expect dip and also know it will rise some day.

There is nothing wrong with buying Bitcoin aggressively as long as you can afford to do so. If you understand why you are buying Bitcoin, then volatility and the dip won't be a problem for you, but when you don't even know what you are doing, you will be very mindful of the dip and volatility. You can't be an investor who wants to hold Bitcoin for the long term if you are worried about its volatility.

[JayJuanGee]

[edited out]

I think guys shouldn’t set their bitcoin accumulation goals or targets based on time or a specific date. Instead The goal should be in terms of how much bitcoin they want to accumulate.
For example Saying “my goal is to accumulate 1BTC or 0.5btc is better than to say by 2028 I would have 1BTC. Time is one thing that can put people on very high pressure when you feel you’re running out of it, it might cause you to take decisions you wouldn’t normally take.
A Bitcoin accumulation plan should be sustainable, not rushed. Focus on consistently accumulating as much Bitcoin as you reasonably can, and let time work for you rather than against you.

It tends to be more practical to attempt to account for both time and quantity of bitcoin, and we cannot necessarily presume these matters for someone else.

Yet, at the same time, if we consider the current standard of living and then expectations of future standard of living those could give ideas for quantity of bitcoin, and age, health factors and/or even various age-related benefits related to work and/or country might guide timeline-related goals.

Goals can be created and adjusted along the way, and perhaps some guys would like to completely reach a place where their bitcoin would support their anticipated standards of living, and other guys might have some other supplemental sources of income that they expect to have in place and would attempt to take into account.

I just want to inform everyone on this thread that this is a good time to accumulate more bitcoin and not the time to panic, bitcoin is $60k now and it will go to $100k in the future so don’t forget to accumulate now and if possible accumulate aggressively, if you have an emergency fund and also a reserve funds you can simply use your reserve funds to accumulate more bitcoin now that the price is low, don’t regret later take this opportunity of bitcoin dip and accumulate as much as you can and then hold.
Take this information very seriously and don’t joke with it.

While market dips can be good opportunities to accumulate Bitcoin,  accumulating  aggressively should never mean using money that could affect your financial stability and  reserve funds should only be used if they are truly separate from your emergency fund and your money for rent, or other essential needs.

For example imagine someone earns $1,000 a month. They spend $700 on essentials, save $200 for emergencies, and have $100 left as discretionary money.

Your separation of emergency funds from discretionary funds is wrong.

How much you choose to put into emergency funds is part of discretionary funds, which means that you can do it or not.  You can prioritize emergency funds or not.  Discretionary funds can be used to invest, save (emergency funds) and/or discretionarily consume.  There is no logical need to create a separate category for emergency funds, even if your personal choice might be to prioritize emergency funds,  yet other guys might choose some other ratio and surely understanding that how much we choose to put into emergency funds is part of our choices regarding how we choose to allocate within our discretionary funds.

Now, lets say in your example, a guy has $700 per month of expenses, and if he spends right around 10 months putting $200 into his emergency funds each month (and he does not end up tapping from those funds), then after 10 months he would have $2k in his emergency funds (which is about 3 months of his expenses), yet perhaps at most, he would have had put $1,000 into his bitcoin investment, even if we could presume that he would be able to put 100% of his discretionary funds into bitcoin, which is not even a good presumption, since from my perspective, even investing more than 80% of those remaining discretionary funds on investing into bitcoin would probably be too much, since an overwhelming majority of people are going to have at least some reasonable levels of discretionary consumption.

If Bitcoin drops, instead of touching the $200 emergency fund, they could invest part of the $100 discretionary amount say $20,  $50 or use the DCA approach. Because  this enable investors to buy the dip without putting themselves under financial pressure.

You are also prioritizing the dip, which seems a bit retarded - especially since you seem to be putting so much priority into emergency funds, and then only investing 20% to 50% of the remaining discretionary funds in bitcoin.

Even a more evenly distributed approach would make more sense to me to invest $100, save (emergency funds) $100 and discretionarily consume $100.  Sure, if the guy did not feel that he needed to discretionarily consume $100, then maybe he could discretionarily consume $50 and put $125 into investing and $125 into savings (emergency funds). .. but yeah, if you are wanting to save some money for buying dips that may or may not happen, you could figure out some reasonable amount to hold back for buying dips that might not happen, which seems like a worse idea for a guy with such a tight budget, yet of course, you can do what you like.

Yet even taking my example of a guy who puts $100 into each category, if the guy is starting at close to zero back up funds, it is going to take him 21 months to get his emergency funds up to 3 months of his basic expenses, if we presume that his basic expenses are remaining in that $700 per month category.

If an unexpected expense comes up, their emergency fund is still available, and they won't be forced to sell their Bitcoin at the wrong time.

For me goal of long.term investing is not to buy the dip at any cost, but to invest consistently with money you can afford to leave untouched for years.

Sure advantages of building up emergency funds does allow to use it if needed, even though it should be built back up in reasonable ways if it is used, and yeah other funds held back for buying dips might not be very good uses of funds, yet each guy has to make those kinds of allocation of funds choices.

[sotelorene]

I just want to inform everyone on this thread that this is a good time to accumulate more bitcoin and not the time to panic, bitcoin is $60k now and it will go to $100k in the future so don’t forget to accumulate now and if possible accumulate aggressively, if you have an emergency fund and also a reserve funds you can simply use your reserve funds to accumulate more bitcoin now that the price is low, don’t regret later take this opportunity of bitcoin dip and accumulate as much as you can and then hold.
Take this information very seriously and don’t joke with it.

Remember that it's not every body that can invest in bitcoin because there are so many people that found it hard to figure out a discretionary income since you need to have your discretionary income ready first before you can start investing in BTC, but for those who has there discretionary income they should be buying if they can buy aggressively they should but shouldn't cross their bounderies because of the dip and over buy aggressively, bitcoin is a volatile asset so we should expect dip and also know it will rise some day.

The financial foundation should be strong and we should invest with money that we will not need later, that is, unnecessary money. If we have a trading mentality, many people want to take opportunities with the necessary money in the hope of quick profit, but if they face a decline later, they get into trouble from both sides. Therefore, investing regularly without taking such risks is a realistic approach for most investors. If someone invests with an understanding of risk and financial capacity, the chances of success in the long term are relatively high, so not only buying but also maintaining patience and discipline are the key to investing.

Please don't get this off or twisted the fact that we use discretionary income to invest or purchase Bitcoin doesn't make it unnecessary money, there is no money or funds that is unnecessary because you can literally mislead newbie with this. Every money is very necessary and important the fact that it is what we can afford to lose doesn't make it unnecessary or useless so don't get it wrong. And lastly, financial foundation must not be strong because waiting for it can make us miss opportunities.

[Itz-prisigold]

Remember that it's not every body that can invest in bitcoin because there are so many people that found it hard to figure out a discretionary income since you need to have your discretionary income ready first before you can start investing in BTC, but for those who has there discretionary income they should be buying if they can buy aggressively they should but shouldn't cross their bounderies because of the dip and over buy aggressively, bitcoin is a volatile asset so we should expect dip and also know it will rise some day.

I don't think it's safe to say that not everyone can invest in Bitcoin.  While there are certainly people out there who may not have discretionary income available today, that doesn't mean they will forever unable to invest.  Financial circumstances always do changes and an investor's aim should be to build up cash flow over time, cut down on unnecessary expenditure if possible and increase the amount of discretionary cash flow over time.

The ability to accumulate Bitcoins is not something that is permanently fixed forever.  A person that can't afford to purchase Bitcoin now could be able to do so in the future when they become more comfortable as their financial situation improves.  This is the reason why I feel the conversation should not be focused on who can invest and who cannot invest, but rather on how people can set themselves up to build a financial structure that will allow them to accumulate sustainably.

[Tonimez]

I just want to inform everyone on this thread that this is a good time to accumulate more bitcoin and not the time to panic, bitcoin is $60k now and it will go to $100k in the future so don’t forget to accumulate now and if possible accumulate aggressively, if you have an emergency fund and also a reserve funds you can simply use your reserve funds to accumulate more bitcoin now that the price is low, don’t regret later take this opportunity of bitcoin dip and accumulate as much as you can and then hold.
Take this information very seriously and don’t joke with it.

Remember that it's not every body that can invest in bitcoin because there are so many people that found it hard to figure out a discretionary income since you need to have your discretionary income ready first before you can start investing in BTC, but for those who has there discretionary income they should be buying if they can buy aggressively they should but shouldn't cross their bounderies because of the dip and over buy aggressively, bitcoin is a volatile asset so we should expect dip and also know it will rise some day.

This issue of figuring out our discretionary income is becoming very recalcitrant because by now, almost everyone should have known how to figure out his Discretionary income just by going through the simple step outlined here.

1)   your cashflow (which also includes ideas of income versus expenses and surely discretionary income is the difference between income and expenses),

Your Discretionary income is a product of your cashflow and can easily be figured out by subtracting your total possible expenses from your Total income. This means that once you own an income, the first thing to do is to mark your basic responsibilities and monitize them and then subtract it from the income you have. If you do this, you will realise your discretionary income. It is very important to note that your discretionary income is what you will have to separate into your backup funds, emergency funds, reserved funds (if need be) and then your investment funds. With your investment funds, you then invest in bitcoin while safeguarding the rest funds pending when their need arises.

The real challenge faced by beginners is how properly manage their cashflow because some people still allow some avoidable expenses to eat into their finances thereby posing Extra burden on the income which goes ahead to reduce your Discretionary income.

A good financial discipline is known from how you manage your cashflow because that is what will go on to determine how successful you will become in your bitcoin accumulation.

[Gragebox]

Remember that it's not every body that can invest in bitcoin because there are so many people that found it hard to figure out a discretionary income since you need to have your discretionary income ready first before you can start investing in BTC, but for those who has there discretionary income they should be buying if they can buy aggressively they should but shouldn't cross their bounderies because of the dip and over buy aggressively, bitcoin is a volatile asset so we should expect dip and also know it will rise some day.

I don't think it's safe to say that not everyone can invest in Bitcoin.  While there are certainly people out there who may not have discretionary income available today, that doesn't mean they will forever unable to invest.  Financial circumstances always do changes and an investor's aim should be to build up cash flow over time, cut down on unnecessary expenditure if possible and increase the amount of discretionary cash flow over time.

I totally agree with your statement regarding the financial status being temporary. There is always a possibility of someone not being able to invest in Bitcoin now, but in the future, he/she might be able to invest after having improved his/her financial status by earning more money, cutting down on unnecessary expenditures, etc.

Nevertheless, I would also want to mention the fact that Bitcoin is a very risky and volatile asset. In order to be able to start investing in Bitcoin, one should firstly create a reserve fund and make sure that he/she has enough funds to meet all his/her basic requirements. Spending money borrowed from somewhere, spending money saved up for meeting daily requirements on Bitcoin, etc., can be very stressful if there happens to be a fall in the market.

In any case, being financially responsible is much more important than purchasing Bitcoin as quickly as possible. When cash flow increases, investors can slowly and systematically allocate some percentage of their surplus income towards Bitcoin through dollar-cost averaging (DCA).

The ability to accumulate Bitcoins is not something that is permanently fixed forever.  A person that can't afford to purchase Bitcoin now could be able to do so in the future when they become more comfortable as their financial situation improves.  This is the reason why I feel the conversation should not be focused on who can invest and who cannot invest, but rather on how people can set themselves up to build a financial structure that will allow them to accumulate sustainably.

I fully agree that the opportunity to invest in Bitcoin is not permanent at all. It is possible that a number of individuals currently have very little money available, but they can always work towards improving their finances by managing their budget effectively and making more money while spending less on things that they do not need.

It is important to shift the focus of this debate from people who have the ability to invest right now or those who lack such opportunities at this time. What matters more is that individuals first establish themselves financially before they invest in Bitcoin.

At what point would you consider someone's financial situation stable enough to start accumulating Bitcoin consistently?

[Silikiem]

Remember that it's not every body that can invest in bitcoin because there are so many people that found it hard to figure out a discretionary income since you need to have your discretionary income ready first before you can start investing in BTC, but for those who has there discretionary income they should be buying if they can buy aggressively they should but shouldn't cross their bounderies because of the dip and over buy aggressively, bitcoin is a volatile asset so we should expect dip and also know it will rise some day.

I don't think it's safe to say that not everyone can invest in Bitcoin.  While there are certainly people out there who may not have discretionary income available today, that doesn't mean they will forever unable to invest.  Financial circumstances always do changes and an investor's aim should be to build up cash flow over time, cut down on unnecessary expenditure if possible and increase the amount of discretionary cash flow over time.

I totally agree with your statement regarding the financial status being temporary. There is always a possibility of someone not being able to invest in Bitcoin now, but in the future, he/she might be able to invest after having improved his/her financial status by earning more money, cutting down on unnecessary expenditures, etc.

Nevertheless, I would also want to mention the fact that Bitcoin is a very risky and volatile asset. In order to be able to start investing in Bitcoin, one should firstly create a reserve fund and make sure that he/she has enough funds to meet all his/her basic requirements. Spending money borrowed from somewhere, spending money saved up for meeting daily requirements on Bitcoin, etc., can be very stressful if there happens to be a fall in the market.

In any case, being financially responsible is much more important than purchasing Bitcoin as quickly as possible. When cash flow increases, investors can slowly and systematically allocate some percentage of their surplus income towards Bitcoin through dollar-cost averaging (DCA).

The ability to accumulate Bitcoins is not something that is permanently fixed forever.  A person that can't afford to purchase Bitcoin now could be able to do so in the future when they become more comfortable as their financial situation improves.  This is the reason why I feel the conversation should not be focused on who can invest and who cannot invest, but rather on how people can set themselves up to build a financial structure that will allow them to accumulate sustainably.

I fully agree that the opportunity to invest in Bitcoin is not permanent at all. It is possible that a number of individuals currently have very little money available, but they can always work towards improving their finances by managing their budget effectively and making more money while spending less on things that they do not need.

It is important to shift the focus of this debate from people who have the ability to invest right now or those who lack such opportunities at this time. What matters more is that individuals first establish themselves financially before they invest in Bitcoin.

At what point would you consider someone's financial situation stable enough to start accumulating Bitcoin consistently?

I can agree with you saying that one must have to sort out his or her basic needs before starting to invest In bitcoin, but then, one must not wait until they build up a reserve funds before they can start investing in bitcoin because what is needed to start with is just a discretionary income which is being figured out after sorting out our basic needs. Once an individual is able sort out his basic financial needs, then he can start investing in bitcoin with the money left after sorting out his basics financial obligations. He must not delay getting started trying to build a reserve funds first. He can buy bitcoin and hold with some percentage of his discretionary income and then keep some percentage of it for gradual building up of his Emergency funds and other back up funds.

I don’t know the level of financial establishment you want to reach before you can start investing in bitcoin, perhaps what you refer to financial establishment could mean to be extremely rich or wealthy. The truth is that one must not wait until you establish yourself financially wealthy or rich before  starting to invest In bitcoin. The statement could be misleading newbies and still drawing my attention back years when I knew nothing about bitcoin investment, I used to think that bitcoin investment is only for those who are wealthy but now I knew better. You must not wait until you are financially wealthy or established before you can start investing In bitcoin, what you only need is to be able to sort out your basic needs, and once that is done then you can use the money left with you which is a discretionary income to start bitcoin investment, and as time goes you can be figuring out ways to improve your finances.

[KeenanEl19]

There is nothing wrong with buying Bitcoin aggressively as long as you can afford to do so. If you understand why you are buying Bitcoin, then volatility and the dip won't be a problem for you, but when you don't even know what you are doing, you will be very mindful of the dip and volatility. You can't be an investor who wants to hold Bitcoin for the long term if you are worried about its volatility.

Aggressive buying is not entirely wrong as long as it is within the discretionary funds then it is fine. The concern is that aggressive buying uses money that should not be borrowed or emergency funds, with myself not going to make aggressive purchases with emergency funds even in situations where prices are falling which is certainly a situation that can be utilized, but the option I would choose is to buy more using reserve funds.

Apart from that, buying aggressively is not an obligation for anyone who invests, this is up to us to determine if we are not interested then it doesn't matter with the other hand there are investments that are run consistently regardless of the strategy used.

[JayJuanGee]

The ability to accumulate Bitcoins is not something that is permanently fixed forever.  A person that can't afford to purchase Bitcoin now could be able to do so in the future when they become more comfortable as their financial situation improves.  This is the reason why I feel the conversation should not be focused on who can invest and who cannot invest, but rather on how people can set themselves up to build a financial structure that will allow them to accumulate sustainably.

I fully agree that the opportunity to invest in Bitcoin is not permanent at all. It is possible that a number of individuals currently have very little money available, but they can always work towards improving their finances by managing their budget effectively and making more money while spending less on things that they do not need.

It is important to shift the focus of this debate from people who have the ability to invest right now or those who lack such opportunities at this time. What matters more is that individuals first establish themselves financially before they invest in Bitcoin.

At what point would you consider someone's financial situation stable enough to start accumulating Bitcoin consistently?

To start buying bitcoin all a person needs is discretionary funds.  If he is not certain about if he has discretionary funds because his income is not steady, then he likely needs to wait until he is sure that he has discretionary funds.

He does not need to have a "stable financial situation" to be able to start buying bitcoin.

Of course, each time he is going to buy more bitcoin, then he has to figure out whether he has enough discretionary funds, and if he does not have income coming in on a regular basis, then he might find himself back in a situation in which he does not know if he has enough discretionary funds to buy more bitcoin.

Likely for many folks it becomes easier to ongoingly buy bitcoin if they have a steady income, yet guys have to make those kinds of determinations based on how much money they have and also their expectations in regards to when they might get paid next.  If they make mistakes and spend beyond their discretionary funds and/or they do not receive pay in the future to pay for their expenses, then they may well be stuck having to sell some or all of their bitcoin at a time that is not of their own choosing, to the extent that they might have had depleted their various back up funds, first.

There is nothing wrong with buying Bitcoin aggressively as long as you can afford to do so. If you understand why you are buying Bitcoin, then volatility and the dip won't be a problem for you, but when you don't even know what you are doing, you will be very mindful of the dip and volatility. You can't be an investor who wants to hold Bitcoin for the long term if you are worried about its volatility.

Aggressive buying is not entirely wrong as long as it is within the discretionary funds then it is fine. The concern is that aggressive buying uses money that should not be borrowed or emergency funds, with myself not going to make aggressive purchases with emergency funds even in situations where prices are falling which is certainly a situation that can be utilized, but the option I would choose is to buy more using reserve funds.

You sound mixed up @KeenanEl19.

Aggressive buying of bitcoin does not mean that you are using emergency funds, borrowed money or even spending beyond your discretionary funds.  You seem to be mixing up overaggressive buying, and your ideas are wrong and misleading.

Even with borrowed money, there can be ways to borrow money but still not invest in an overly aggressive way.

The general idea of how much income a person might be able to allocate towards buying bitcoin relates to how much discretionary funds that he has.  If a person figures out how much money he has left after he has accounted for his basic expenses, then that is discretionary funds, and he can figure out how much of that he wants to allocate towards investing in bitcoin, how much to save (put into back up funds) and how much to use for discretionary consumption.  The idea of aggressiveness would relate to how much he chooses to put into bitcoin and if he chooses to give bitcoin buying a high priority, then that might be considered aggressive as compared with if he had chosen to give bitcoin investing a low priority.

So, yeah, the back up funds of emergency funds and reserve funds can be built up from discretionary funds, yet it makes little sense to draw from reserve funds to buy bitcoin unless you have first used up your discretionary funds for any given pay period.

Apart from that, buying aggressively is not an obligation for anyone who invests, this is up to us to determine if we are not interested then it doesn't matter with the other hand there are investments that are run consistently regardless of the strategy used.

You are correct.  Once we determine that we have discretionary funds, we can spend those discretionary funds however we want to, including determining how aggressive or whimpy that we would like to be in regards to our bitcoin buys.

[Gragebox]

Aggressive buying is not entirely wrong as long as it is within the discretionary funds then it is fine. The concern is that aggressive buying uses money that should not be borrowed or emergency funds, with myself not going to make aggressive purchases with emergency funds even in situations where prices are falling which is certainly a situation that can be utilized, but the option I would choose is to buy more using reserve funds.

Being aggressively invested in Bitcoin simply refers to putting more money of your available budget in Bitcoin whenever you think that the circumstances are right. This does not mean putting your emergency money, borrowing money, or putting money that you need for your basic needs. All these would be deemed over-aggressive and would bring about unnecessary financial pressure. Every investor must be aware of the two to know how to invest responsibly. One can be aggressive but at the same time stay within their budget and have their emergency funds, and thus one can be confident in their Bitcoin without having to sell it.

Likely for many folks it becomes easier to ongoingly buy bitcoin if they have a steady income, yet guys have to make those kinds of determinations based on how much money they have and also their expectations in regards to when they might get paid next.  If they make mistakes and spend beyond their discretionary funds and/or they do not receive pay in the future to pay for their expenses, then they may well be stuck having to sell some or all of their bitcoin at a time that is not of their own choosing, to the extent that they might have had depleted their various back up funds, first.

Indeed, a regular source of income enables one to be able to invest in Bitcoin easily. With the income coming in regularly, the investor will not be stressed about how to make payments. However, individuals should assess their financial standing without necessarily following what other people do.

It is also crucial to establish if the amount of money to be invested is indeed the discretionary funds. The person should consider the basic needs before deciding to invest. Spending beyond his/her budget and counting on the expected income to be received in the future could compel him/her to sell the cryptocurrency.

People who spend more than they have or are dependent on future incomes might find themselves in difficult situations. They would need to liquidate their Bitcoins just to cater for their daily needs. In such cases, they end up making losses or selling at losses.

In conclusion, it is prudent for people to build their financial standing, keep their emergency accounts and thereafter invest in something they would never have to liquidate in case of tough times.

The general idea of how much income a person might be able to allocate towards buying bitcoin relates to how much discretionary funds that he has.  If a person figures out how much money he has left after he has accounted for his basic expenses, then that is discretionary funds, and he can figure out how much of that he wants to allocate towards investing in bitcoin, how much to save (put into back up funds) and how much to use for discretionary consumption.  The idea of aggressiveness would relate to how much he chooses to put into bitcoin and if he chooses to give bitcoin buying a high priority, then that might be considered aggressive as compared with if he had chosen to give bitcoin investing a low priority.

I am in agreement with this methodology since it involves responsible planning when it comes to finances prior to investment. In the first place, one should know how much money he/she has left in the form of discretionary income. Having figured out this question, it will become much simpler to calculate how much money can safely be invested in Bitcoins without any problems with one’s finances.

It goes without saying that not all discretionary income has to be invested in Bitcoins. It can also include some part of emergency savings and even other expenditures, apart from the investment of a part of discretionary income.

Aggressive Bitcoin investment means that one should allocate more money for investment in Bitcoins among his/her discretionary income, but not invest all one’s money without any responsibility. If one’s expenses and emergency savings have been secured, such investment might be considered justified.

[johnsaributua]

...

Aggressive buying is not entirely wrong as long as it is within the discretionary funds then it is fine. The concern is that aggressive buying uses money that should not be borrowed or emergency funds, with myself not going to make aggressive purchases with emergency funds even in situations where prices are falling which is certainly a situation that can be utilized, but the option I would choose is to buy more using reserve funds.

Apart from that, buying aggressively is not an obligation for anyone who invests, this is up to us to determine if we are not interested then it doesn't matter with the other hand there are investments that are run consistently regardless of the strategy used.

That's true, because these funds won't interfere with our investment plans. This is why many people often experience problems, perhaps because they're mismanaged in their investment allocation. This shows that aggressive buying by anyone won't cause significant problems. Essentially, someone is investing too aggressively with discretionary funds, or free funds, after meeting their needs. Therefore, adopting an aggressive approach won't cause any further problems, as all needs and obligations are met.

That's true, but if all needs and obligations are met but we still have discretionary funds, I think it's okay to do it that way. However, I say this doesn't mean it has to be as we say. Whether or not to do it depends on our decision. It won't be possible to carry out this aggressive pattern if needs are not met. If, on the other hand, they are met, I think it's necessary because the goal is to accumulate BTC for investment towards our future assets.

[JayJuanGee]

[edited out]

Aggressive Bitcoin investment means that one should allocate more money for investment in Bitcoins among his/her discretionary income, but not invest all one’s money without any responsibility. If one’s expenses and emergency savings have been secured, such investment might be considered justified.

There is no reason to prioritize emergency savings over buying bitcoin.

Discretionary funds can be used to invest, save or discretionarily consume.

Of course, if one is brand new to bitcoin and if they have absolutely no back up funds, then they have to make sure that they have some back up funds so that they do not end up buying bitcoin beyond the level of their discretionary funds.

Frequently we talk about building up back up funds and the bitcoin investment at the same time, so the longer that we are building our bitcoin holdings, then potentially the longer we are building our back up funds and the quantity of our funds in our back up funds become larger and larger and larger.

So if a bitcoin newbie comes to bitcoin and he has absolutely no back up funds, and perhaps his income is around $1,250 per month and his basic expenses are around $750 per month, so then maybe we could presume that he invests 1/3, saves 1/3 and discretionarily consumes 1/3 of his discretionary funds.  That would potentially be $166.67 per week into each, and so after a year, if he had not tapped into either his back up funds or his bitcoin, then he would have had put $2k into his back up funds (which would be 2.67 months of his expenses), he would have had invested $2k in bitcoin, and he would have had discretionarily consumed $2k.  That would not be a bad place to be after a year in which he continues to build his bitcoin and his back up funds with the passage of time and at the level of his preferences.

[G_Besar]

Aggressive buying is not entirely wrong as long as it is within the discretionary funds then it is fine. The concern is that aggressive buying uses money that should not be borrowed or emergency funds, with myself not going to make aggressive purchases with emergency funds even in situations where prices are falling which is certainly a situation that can be utilized, but the option I would choose is to buy more using reserve funds.

Apart from that, buying aggressively is not an obligation for anyone who invests, this is up to us to determine if we are not interested then it doesn't matter with the other hand there are investments that are run consistently regardless of the strategy used.

If aggressive buying isn't mandatory for investors because it still depends on the investor's judgment and ability, then this doesn't need to be discussed at length, although it's certainly worth reminding investors. Regular buying based on existing capabilities will always be a better option than aggressive buying under duress due to using reserve funds. However, those who are prepared for such a situation are also not wrong if they want to do it at times like these, given that moments like these won't always be present for Bitcoin.

[Charcol]

...

Aggressive buying is not entirely wrong as long as it is within the discretionary funds then it is fine. The concern is that aggressive buying uses money that should not be borrowed or emergency funds, with myself not going to make aggressive purchases with emergency funds even in situations where prices are falling which is certainly a situation that can be utilized, but the option I would choose is to buy more using reserve funds.

Apart from that, buying aggressively is not an obligation for anyone who invests, this is up to us to determine if we are not interested then it doesn't matter with the other hand there are investments that are run consistently regardless of the strategy used.

That's true, because these funds won't interfere with our investment plans. This is why many people often experience problems, perhaps because they're mismanaged in their investment allocation. This shows that aggressive buying by anyone won't cause significant problems. Essentially, someone is investing too aggressively with discretionary funds, or free funds, after meeting their needs. Therefore, adopting an aggressive approach won't cause any further problems, as all needs and obligations are met.

Buying aggressively is not wrong, it can actually strengthen your savings. But you have to be aggressive based on your own discretionary income, cash flow, emergency fund, and the reserve fund you have. Buying aggressively just because the price has dropped or you feel like it is a bad idea. It would also be a bad idea if you stop buying regularly and just wait for the DIP. If someone has extra discretionary income after buying regularly, they can take advantage of the price drop. I don't see anything wrong with that. But buying using emergency fund just because the price has dropped or they feel like it is a bad idea. Emergency fund is for use in emergencies, if you put it in investments, then later on when the emergency situation of the owner comes, there will be no choice but to sell it.

[alankasman]

...

Aggressive buying is not entirely wrong as long as it is within the discretionary funds then it is fine. The concern is that aggressive buying uses money that should not be borrowed or emergency funds, with myself not going to make aggressive purchases with emergency funds even in situations where prices are falling which is certainly a situation that can be utilized, but the option I would choose is to buy more using reserve funds.

Apart from that, buying aggressively is not an obligation for anyone who invests, this is up to us to determine if we are not interested then it doesn't matter with the other hand there are investments that are run consistently regardless of the strategy used.

Whether someone is aggressive depends on their income especially if their needs are met and they have additional sources of income. I think someone will act as aggressively as possible. If they have sufficient funds I think everyone will act aggressively.

I don't think aggressive borrowing is necessary because the money we borrow is borrowed from others. If we continue to use borrowed money we will maximize our short-term gains. Our goal after accumulating is only to return the money to the person we borrowed from. Therefore we must always monitor market movements. If the current price is favorable we should sell to repay the capital or what we borrowed from that person. It's our ability to carry out this aggressive approach. If we don't want to use this pattern, it's better not to do it. We are not interested in doing it aggressively at all. Therefore investing doesn't have to be forced because ultimately if problems arise we will also experience the same problems.