Buy Buy Buy or Sell Sell Sell?

[TeeTeen]

I think a newbie being aggressive isn’t a case of emotional thing but how much discretionary income they have at the end of the month, and how much can they be Able to allocate to buying of Bitcoin from their discretionary income without affecting their basic needs and also their emotions. You could choose to buy aggressive Without having that discretionary income or you may even have but can’t afford to lose such discretionary income on buying aggressively.

Sometimes we are left with choice of sharing our discretionary income into other stuffs, like building emergency funds, reserve funds etc. such person can’t go into aggressive buying or over aggressive buying because it will affect the other things the discretionary income can do.

It's not a good investment practice to buy bitcoin over aggressively regardless the size of your discretionary income because when you buy over aggressively, it means that you are buying beyond your discretionary income and that's the same thing as gambling because you will definitely sell those bitcoin when you needs arises at a lower price if the price of bitcoin is below your entry point.

You don't need to buy aggressively when you don't know how to do it so that you don't over do it. Buying aggressively is based on your financial situation playing around you at that moment and it's easy for someone with a well organized financial system and his backup funds are already in place.

I think an investor should buy in excess only when his emergency fund is adequate. And his discretionary income is high. If he has any of these less then he does not need to buy investments in an aggressive manner, if someone buys in excess and because of this if he has to get involved in any kind of loan then he will not be able to go far with his investment and at some point he may have to sell his investment due to pressure. So an investor should always use his own judgment properly and then develop an aggressive attitude in investing

[Abbatty]

Whether new or old investors using DCA strategy there's no point worrying about price movement because it's irrelevant even when you knows it.

Right on 👍 that just the whole superpower of having a DCA Plan. When an individual stick to a strict routine or even automate your buys, daily chart watching will completely be a useless noise.

No need to care weather if your red or green candles are flashing, all because you plans are alrady locked in.

It literally takes out the daily emotional roller coaster out of investment and will allow you to focus on what matters…… living your life and stacking sats.

That just it with DCA, that total conveniency it provide and that stress free position it put you. I still wonder how people will still not want to use this strategy in accumulating bitcoin. Those who use strategy like buy the Dip are always on their chat, predicting and praying the dip comes so they can invest in bitcoin. For me I see that as a total wast of time, that time could be used for something more productive and use the income to get more discretionary income.

The less you keep tabs on your portfolio, the lesser risk you are in getting emotionally challenged about making bad decisions about your holdings. That exactly what DCA provides, it keeps you totally focused on how to accumulate more rather than checking chats every now and then.