Buy Buy Buy or Sell Sell Sell?

[Abbatty]

So your trying to say investment aggressively those not really depend on the amount you invest or the number of times but what matters is the person is willing collect for his/her discretionary funds.
I'm starting to understand that different people have there own perspective about investing aggressively, my perspective is the number of times a person invests at a short period of time e.g like buying twice every week throughout the month, that I see as investing aggressively.

With what I understood from your post I would say you are wrong because being aggressive is not the number of times someone purchased Bitcoin but rather it is the amount been used to purchased for instance now, Mr A has $1000 and Mr B has $1000 also but Mr A purchased $800 worth of Bitcoin at a time while Mr B purchased $150 twice which is a sum of $300 worth of Bitcoin. Clearly, you would tell that Mr A was more aggressive than Mr B so being aggressive is not about the number of time someone purchased rather it is the quantity or volume of purchased that will determined.

I think bring aggressively is both how many times you buy and how much you to buy also. Let assume you do buy bitcoin every month end after being paid at work with your discretionary income, then after buying for that month, you were gifted money or maybe you win a gamble or lotto, definitely you see that you will have to buy bitcoin from that money in that same month. So buying aggressively can be both how many times you and how much you put in to buy.

And I don’t see both as a problem, so long your are not overdoing it, then the times of purchase and how much you used in buying aggressively don’t really matter.

[Homemade-IQ]

With what I understood from your post I would say you are wrong because being aggressive is not the number of times someone purchased Bitcoin but rather it is the amount been used to purchased for instance now, Mr A has $1000 and Mr B has $1000 also but Mr A purchased $800 worth of Bitcoin at a time while Mr B purchased $150 twice which is a sum of $300 worth of Bitcoin. Clearly, you would tell that Mr A was more aggressive than Mr B so being aggressive is not about the number of time someone purchased rather it is the quantity or volume of purchased that will determined.

When talking about aggressive purchasing of Bitcoin, I personally think that it is the percentage of your discretionary income that is being used, not the amount or the number of times you bought in a week or month, because if you use like 60% if your discretionary income to buy and accumulate, you are being over aggressive, and it becomes even worse if you invest with more than 60% of your discretionary income because it is not sustainable, if you have not put your emergency funds in place before being over aggressive.

[Nheer]

With what I understood from your post I would say you are wrong because being aggressive is not the number of times someone purchased Bitcoin but rather it is the amount been used to purchased for instance now, Mr A has $1000 and Mr B has $1000 also but Mr A purchased $800 worth of Bitcoin at a time while Mr B purchased $150 twice which is a sum of $300 worth of Bitcoin. Clearly, you would tell that Mr A was more aggressive than Mr B so being aggressive is not about the number of time someone purchased rather it is the quantity or volume of purchased that will determined.

When talking about aggressive purchasing of Bitcoin, I personally think that it is the percentage of your discretionary income that is being used, not the amount or the number of times you bought in a week or month, because if you use like 60% if your discretionary income to buy and accumulate, you are being over aggressive, and it becomes even worse if you invest with more than 60% of your discretionary income because it is not sustainable, if you have not put your emergency funds in place before being over aggressive.

Yes aggressive accumulation is not by the number of times you buy Bitcoin or the amount you use to buy but by the percentage of your discretionary income that you are able to put into buying that is why sometimes a person might earn more but not as aggressive as someone who earns lesser because of the percentage they are able to put into buying Bitcoin.

Putting more into buying Bitcoin in some instances is good but shouldn't be done when you're barely starting investing. Putting 60% at an early stage like that will give almost no room for reserve funds and will in turn have a negative effect on your investment. Discretionary income is meant to be divided into 3 and only when you have had enough emergency fund before getting aggressive and putting more of your discretionary income into buying Bitcoin.

[JayJuanGee]

Using money that is meant to put down your emergency funds to invest in bitcoin is nothing but over aggressive and unreasonable accumulation because an investor that does that is gambling with his holdings, because if he fails to put down an emergency funds and emergency situation comes up, his bitcoin investment may be sold off to take care of that emergency on ground, so it's an unhealthy idea to abandon stacking up your emergency funds, and be channeling that money into your bitcoin accumulation, that's a bad idea that will not end well once emergency situation comes.

It's not always the case. In situations where you have already accumulated enough emergency fund then it's not unreasonable to divert money meant for emergency into buying aggressively. What will be the essence of having more than enough emergency fund lying idle and then you still keep adding more to it when you can make a better use of it to increase your Bitcoin holding as fast as possible. It is unwise to hold excess fiat because of inflation, that's why there is limit to the amount of emergency fund you can hold so inflation doesn't reduce it's value.

If guys are managing their risks properly, then from the two categories of back up funds, reserve funds are flexible and emergency funds are not.

Seems back up fund and emergency are not serving the same purpose, right?
Why is one flexible and the other is not?  Do I have to build the two aggressively when keeping the safety rules as an investor.
Sorry for jumping on this discussion!  

There is no reason to make matters complicated.  Back up funds is a general term to describe emergency funds and reserve funds.

You figure out how much you need based on your expectations of your finances (your income and expenses) and probably while you are building up your bitcoin holdings.  The larger your bitcoin holdings, then the more it makes sense to continue to build up back up funds.

it does not make a whole hell of a lot of sense to build u a bunch of back up funds if you don't have any investments, such as bitcoin, that you are trying to protect.

Since you have been registered on the forum since August 2021, then you could have had built up a good size amount of bitcoin and back up funds by now, no?  We can see that if you had been buying $100 of bitcoin per week since August 2021, you would have had invested about $27,700 and you would have had accumulated about 0.64 BTC, which to me seems like a pretty good place to be, and a pretty decent sized bitcoin stash for that level of budget.

Many times if guys are not sure about how much of their discretionary funds to allocate to each category, then it might be good to start out by allocating 1/3 of the discretionary funds to each of the categories of 1) invest 2) save (back up funds) and 3) discretionarily consume.

In the end, each of us are responsible to figure out our own balances and how aggressive that we are going to be in our bitcoin investment, and so after a few years we may well see quite a bit of progress and if we are able to stay investing in bitcoin for 10 years or more then hopefully we are able to realize quite a bit of progress, yet after the passage of 10 years we cannot turn back the clock in the event that we regret our level of aggressiveness.

I would imagine that the more that we invest in bitcoin, then the more incentivized we become to learn about bitcoin and to learn about cashflow management, including how to build and manage our back up funds.  And, in the end, each person decides for himself how much to prioritize his time, energy and value in the direction of bitcoin, or not.

With what I understood from your post I would say you are wrong because being aggressive is not the number of times someone purchased Bitcoin but rather it is the amount been used to purchased for instance now, Mr A has $1000 and Mr B has $1000 also but Mr A purchased $800 worth of Bitcoin at a time while Mr B purchased $150 twice which is a sum of $300 worth of Bitcoin. Clearly, you would tell that Mr A was more aggressive than Mr B so being aggressive is not about the number of time someone purchased rather it is the quantity or volume of purchased that will determined.

When talking about aggressive purchasing of Bitcoin, I personally think that it is the percentage of your discretionary income that is being used, not the amount or the number of times you bought in a week or month, because if you use like 60% if your discretionary income to buy and accumulate, you are being over aggressive, and it becomes even worse if you invest with more than 60% of your discretionary income because it is not sustainable, if you have not put your emergency funds in place before being over aggressive.

a guy has a choice to invest anywhere between 0% and 100% of his discretionary funds on bitcoin, and on the face of it, 65% does not sound overly aggressive to me.

However, whether 65% is overly aggressive or not may well depend  on if he already has back up funds and also if he is making sure that he has enough for discretionary consumption.

if he is buying bitcoin every week, there could be some weeks that he uses 20% of his discretionary funds to buy bitcoin and other weeks that he uses 80%, and those could all be normal for one week at a time, yet if we measure up every week for a whole year, then 20% might be too whimpy and 80% might be too aggressive.  Ultimately it is the guy's choice how aggressive or whimpy that he wants to be within his own level of discretionary funds, and if he makes a mistake by being too aggressive or too whimpy, then he ONLY has himself to blame for his own choices and priorities. 

Practice does help guys to figure out their own balances, and maybe in the beginning they are uncomfortable, yet after several weeks, several months and/or several years, they likely figure out ways to tailor their balances and practices to cause themselves to become more comfortable with their ongoing implementation of a practice that might even become a habit.

[Lidger]

With what I understood from your post I would say you are wrong because being aggressive is not the number of times someone purchased Bitcoin but rather it is the amount been used to purchased for instance now, Mr A has $1000 and Mr B has $1000 also but Mr A purchased $800 worth of Bitcoin at a time while Mr B purchased $150 twice which is a sum of $300 worth of Bitcoin. Clearly, you would tell that Mr A was more aggressive than Mr B so being aggressive is not about the number of time someone purchased rather it is the quantity or volume of purchased that will determined.

When talking about aggressive purchasing of Bitcoin, I personally think that it is the percentage of your discretionary income that is being used, not the amount or the number of times you bought in a week or month, because if you use like 60% if your discretionary income to buy and accumulate, you are being over aggressive, and it becomes even worse if you invest with more than 60% of your discretionary income because it is not sustainable, if you have not put your emergency funds in place before being over aggressive.

What percentage of an investor's discretionary income he plans to use for investment is very important than how many times he buys in a month or a week.

For aggressive investing, the investor should be sure of his income situation, his emergency fund or his extra income. With all this in mind, if an investor thinks that he can do everything normally by investing aggressively, then he can invest aggressively. But in this case, the matter will be different when an investor goes beyond his means and invests aggressively because whenever he goes beyond his means and does so, the pressure will increase and at some point he will get bored or sell the investment due to the need for money.

I think the important thing is to ensure the continuity of investment in a small amount according to his ability for a long time. Bitcoin accumulation I think an investor should be based on financial management, the investor should buy as little as possible so that he can enjoy Bitcoin accumulation.

[liasbaa]

I think the important thing is to ensure the continuity of investment in a small amount according to his ability for a long time. Bitcoin accumulation I think an investor should be based on financial management, the investor should buy as little as possible so that he can enjoy Bitcoin accumulation.

I agree with you that we need to take effective measures according to our own financial capacity to accumulate Bitcoin. The risk lies in those investors who take excessive risks in the hope of getting quick profits and make haphazard decisions in fund management. Experienced investors always encourage new investors to make planned investments. Planned means being active in fund management and not making wrong and emotional decisions. When you have the mental pressure to get high profits in a short time, you may invest Bitcoin aggressively or sell in fear of losing capital but every investor needs to monitor the market through a discreet way and accumulate Bitcoin regularly.

[Cgrexp]

I think the important thing is to ensure the continuity of investment in a small amount according to his ability for a long time. Bitcoin accumulation I think an investor should be based on financial management, the investor should buy as little as possible so that he can enjoy Bitcoin accumulation.

I agree with you that we need to take effective measures according to our own financial capacity to accumulate Bitcoin. The risk lies in those investors who take excessive risks in the hope of getting quick profits and make haphazard decisions in fund management. Experienced investors always encourage new investors to make planned investments. Planned means being active in fund management and not making wrong and emotional decisions. When you have the mental pressure to get high profits in a short time, you may invest Bitcoin aggressively or sell in fear of losing capital but every investor needs to monitor the market through a discreet way and accumulate Bitcoin regularly.

Investment risk does not only come from trying to make a quick profit, but also from investing without understanding your financial capabilities and making emotional decisions in the face of market fluctuations. It is difficult to maintain investment in the long term without proper fund management. The important thing is to maintain a balance between your income and expenses. This reduces the possibility of panicking and selling Bitcoin when the price drops or being forced to sell Bitcoin at a loss to meet personal needs. an investor should not expect to make a big profit quickly by investing. There can be a big drop in the market price and it is not possible to say when it will turn around. It is wise to set long-term goals and not change your plans due to temporary price drops.

[donyjon]

I think the important thing is to ensure the continuity of investment in a small amount according to his ability for a long time. Bitcoin accumulation I think an investor should be based on financial management, the investor should buy as little as possible so that he can enjoy Bitcoin accumulation.

I agree with you that we need to take effective measures according to our own financial capacity to accumulate Bitcoin. The risk lies in those investors who take excessive risks in the hope of getting quick profits and make haphazard decisions in fund management. Experienced investors always encourage new investors to make planned investments. Planned means being active in fund management and not making wrong and emotional decisions. When you have the mental pressure to get high profits in a short time, you may invest Bitcoin aggressively or sell in fear of losing capital but every investor needs to monitor the market through a discreet way and accumulate Bitcoin regularly.

Investment risk does not only come from trying to make a quick profit, but also from investing without understanding your financial capabilities and making emotional decisions in the face of market fluctuations. It is difficult to maintain investment in the long term without proper fund management. The important thing is to maintain a balance between your income and expenses. This reduces the possibility of panicking and selling Bitcoin when the price drops or being forced to sell Bitcoin at a loss to meet personal needs. an investor should not expect to make a big profit quickly by investing. There can be a big drop in the market price and it is not possible to say when it will turn around. It is wise to set long-term goals and not change your plans due to temporary price drops.

The most commonly ignored principle of investment is the risk of withdrawing capital rather than the returns on investment. Bitcoin is a long-term play but it is volatile enough to challenge the most experienced of investors. It is vital to have a plan but even more important is the capacity to implement that plan in difficult situations. My personal belief is that any investor should insulate the investment capital from the everyday capital. There should always be some cash kept for emergencies and minimizing debt levels can prevent the kind of market moments when someone has no choice but to sell her Bitcoin. This also leads us on to the third point, which is being aware of one's own risk profile. Not everyone has the right income, other sources of income, investment horizon or strength of heart to endure the occasional bump. The plan for a long-term investor is not necessarily the plan of another person, but the principles of sound decision-making, management of exposure and discipline, should remain the same.

[Merit.s]

When you have the mental pressure to get high profits in a short time, you may invest Bitcoin aggressively or sell in fear of losing capital but every investor needs to monitor the market through a discreet way and accumulate Bitcoin regularly.

Anyone that is after short term profit is a trader and will definitely make wrong decisions that will lead him to losses because the price of bitcoin is unpredictable. This is why someone who is already into bitcoin should invest for long term so that he can have enough time to build his bitcoin investment overtime for his future and accumulate as many bitcoin as possible within his discretionary income.

However, investing aggressively isn't a problem because you are only using a higher amount of your discretionary income to buy bitcoin. It's when you invest over aggressively is when it's bad and will definitely affect your bitcoin investment negatively. This is because you bought bitcoin beyond your discretionary income and when you needs pop up, you will have no option than to sell your bitcoin at loss if the market is below your entry point.

I don't think there's any reason for a long term investor to be monitoring the market because you are to buy whenever, your discretionary income is available and not wait for a dip in price before buying. Stay focus on keeping your DCA ongoing overtime and avoid distractions.

[Showlove01]

Investment risk does not only come from trying to make a quick profit, but also from investing without understanding your financial capabilities and making emotional decisions in the face of market fluctuations. It is difficult to maintain investment in the long term without proper fund management. The important thing is to maintain a balance between your income and expenses. This reduces the possibility of panicking and selling Bitcoin when the price drops or being forced to sell Bitcoin at a loss to meet personal needs. an investor should not expect to make a big profit quickly by investing. There can be a big drop in the market price and it is not possible to say when it will turn around. It is wise to set long-term goals and not change your plans due to temporary price drops.

Trying to make quick profit sounds more like trading already which is very unlike an investors because investors never aim at making quick profit but rather they pay more attention to longevity and again making emotional decisions is something an investor should worked on before starting the journey of Bitcoin investment. In as much as I believe one can never be perfect or too careful as human, I think there are things they should worked on and set things that will aid them a smooth and little or no stress in their journey.

[Shaponzy]

a guy has a choice to invest anywhere between 0% and 100% of his discretionary funds on bitcoin, and on the face of it, 65% does not sound overly aggressive to me.

However, whether 65% is overly aggressive or not may well depend  on if he already has back up funds and also if he is making sure that he has enough for discretionary consumption.

if he is buying bitcoin every week, there could be some weeks that he uses 20% of his discretionary funds to buy bitcoin and other weeks that he uses 80%, and those could all be normal for one week at a time, yet if we measure up every week for a whole year, then 20% might be too whimpy and 80% might be too aggressive.  Ultimately it is the guy's choice how aggressive or whimpy that he wants to be within his own level of discretionary funds, and if he makes a mistake by being too aggressive or too whimpy, then he ONLY has himself to blame for his own choices and priorities. 

Practice does help guys to figure out their own balances, and maybe in the beginning they are uncomfortable, yet after several weeks, several months and/or several years, they likely figure out ways to tailor their balances and practices to cause themselves to become more comfortable with their ongoing implementation of a practice that might even become a habit.

I agree with you that practice makes perfect, and the truth is that, even the successful investors today didn't start this bitcoin investment journey in a comfortable way, atleast there must be a week that one may experience tight settings especially the starting weeks, but the tight settings are not a signs that you started it wrongly, it shows that you are acquiring something new.

But with time you will get familiar with everything, you will also begin to comprehend things and know how much worth of bitcoin you cab be able to afford, either weekly or monthly at your affordable rate, you can also know the funds that's needed to keep aside and make an adjustment without being panic.

[Perfect-World]

a guy has a choice to invest anywhere between 0% and 100% of his discretionary funds on bitcoin, and on the face of it, 65% does not sound overly aggressive to me.

However, whether 65% is overly aggressive or not may well depend  on if he already has back up funds and also if he is making sure that he has enough for discretionary consumption.

if he is buying bitcoin every week, there could be some weeks that he uses 20% of his discretionary funds to buy bitcoin and other weeks that he uses 80%, and those could all be normal for one week at a time, yet if we measure up every week for a whole year, then 20% might be too whimpy and 80% might be too aggressive.  Ultimately it is the guy's choice how aggressive or whimpy that he wants to be within his own level of discretionary funds, and if he makes a mistake by being too aggressive or too whimpy, then he ONLY has himself to blame for his own choices and priorities. 

Practice does help guys to figure out their own balances, and maybe in the beginning they are uncomfortable, yet after several weeks, several months and/or several years, they likely figure out ways to tailor their balances and practices to cause themselves to become more comfortable with their ongoing implementation of a practice that might even become a habit.

I agree with you that practice makes perfect, and the truth is that, even the successful investors today didn't start this bitcoin investment journey in a comfortable way, atleast there must be a week that one may experience tight settings especially the starting weeks, but the tight settings are not a signs that you started it wrongly, it shows that you are acquiring something new.

But with time you will get familiar with everything, you will also begin to comprehend things and know how much worth of bitcoin you cab be able to afford, either weekly or monthly at your affordable rate, you can also know the funds that's needed to keep aside and make an adjustment without being panic.

You may not necessarily need to be perfect in it, because we can't totally know it all, and sometimes, we might unintentionally screw things up, and then we try to fix it by doing it better. But the point is that, the more you are in the market and investing, the more you will be learning better ways to do it that will suit your cash flow and/or finances. Perhaps, income level may change, either higher or lower, and you would still learn how to adjust to such changes and keep up with your investment with good practices. I think the continues process brings improvement, maybe, not total perfection.

Secondly, income may not not be always static, and even if it were for sometimes, expenses may also vary, and so, investments or buying amount will also vary likewise. How much you are buying weekly or monthly may not be the major problem here, but what matters marjoly is that you are able to learn how to adjust in such situations, still figure out your discretionary and buy Bitcoin consistently and continually. That's you learning and improving in your investment skills.

[aNot!FicaT!on]

I think the important thing is to ensure the continuity of investment in a small amount according to his ability for a long time. Bitcoin accumulation I think an investor should be based on financial management, the investor should buy as little as possible so that he can enjoy Bitcoin accumulation.

I agree with you that we need to take effective measures according to our own financial capacity to accumulate Bitcoin. The risk lies in those investors who take excessive risks in the hope of getting quick profits and make haphazard decisions in fund management. Experienced investors always encourage new investors to make planned investments. Planned means being active in fund management and not making wrong and emotional decisions. When you have the mental pressure to get high profits in a short time, you may invest Bitcoin aggressively or sell in fear of losing capital but every investor needs to monitor the market through a discreet way and accumulate Bitcoin regularly.

It is important to invest in such a way that we are not forced to sell Bitcoin for any real life needs. Because even if we want to hold Bitcoin for the long term, if we are not financially prepared, we may have to sell the investment even in the slightest danger. For this reason, it is important to have an emergency fund in addition to investing according to our capabilities.

People have many problems, and their financial situation in life is not always the same. If there is a sudden big expense, a problem in their source of income, or if there is no emergency fund, they may be forced to sell Bitcoin to meet the need for money for that emergency.

It is important to see emergency funds and Bitcoin investments as two separate things. It is necessary to have separate money to handle emergency situations, but if you have to rely on Bitcoin investments during an emergency, it can cause major losses. A prudent investor does not only think about how much Bitcoin he can collect, but also considers how much he can invest and keep it for a long time while maintaining his normal lifestyle and financial security. Bitcoin investments require long-term stability, continuity, and security.

[Agbam]

With what I understood from your post I would say you are wrong because being aggressive is not the number of times someone purchased Bitcoin but rather it is the amount been used to purchased for instance now, Mr A has $1000 and Mr B has $1000 also but Mr A purchased $800 worth of Bitcoin at a time while Mr B purchased $150 twice which is a sum of $300 worth of Bitcoin. Clearly, you would tell that Mr A was more aggressive than Mr B so being aggressive is not about the number of time someone purchased rather it is the quantity or volume of purchased that will determined.

When talking about aggressive purchasing of Bitcoin, I personally think that it is the percentage of your discretionary income that is being used, not the amount or the number of times you bought in a week or month, because if you use like 60% if your discretionary income to buy and accumulate, you are being over aggressive, and it becomes even worse if you invest with more than 60% of your discretionary income because it is not sustainable, if you have not put your emergency funds in place before being over aggressive.

What percentage of an investor's discretionary income he plans to use for investment is very important than how many times he buys in a month or a week.

For aggressive investing, the investor should be sure of his income situation, his emergency fund or his extra income. With all this in mind, if an investor thinks that he can do everything normally by investing aggressively, then he can invest aggressively. But in this case, the matter will be different when an investor goes beyond his means and invests aggressively because whenever he goes beyond his means and does so, the pressure will increase and at some point he will get bored or sell the investment due to the need for money.

I think the important thing is to ensure the continuity of investment in a small amount according to his ability for a long time. Bitcoin accumulation I think an investor should be based on financial management, the investor should buy as little as possible so that he can enjoy Bitcoin accumulation.

I don’t think you’re putting the relevance correctly. Being aggressive is good but being consistent is better. An investor should not because he wants to be aggressive and put his investment at risk. You have to consider first your financial situation before investing aggressively.

And for investing duration, weekly is fairly better than monthly. Investors should find ways to figure out their discretionary income on a weekly basis and try to be aggressive as possible and not overdo it beyond their means.
Some people can be overly aggressive when they have a substantial backup fund and that is acceptable.

[GoldBitcoin112]

Investment risk does not only come from trying to make a quick profit, but also from investing without understanding your financial capabilities and making emotional decisions in the face of market fluctuations. It is difficult to maintain investment in the long term without proper fund management. The important thing is to maintain a balance between your income and expenses. This reduces the possibility of panicking and selling Bitcoin when the price drops or being forced to sell Bitcoin at a loss to meet personal needs. an investor should not expect to make a big profit quickly by investing. There can be a big drop in the market price and it is not possible to say when it will turn around. It is wise to set long-term goals and not change your plans due to temporary price drops.

Trying to make quick profit sounds more like trading already which is very unlike an investors because investors never aim at making quick profit but rather they pay more attention to longevity and again making emotional decisions is something an investor should worked on before starting the journey of Bitcoin investment. In as much as I believe one can never be perfect or too careful as human, I think there are things they should worked on and set things that will aid them a smooth and little or no stress in their journey.

Yes I agree with you, thinking of quick profit is very bad because your focus will be on the profit aspect there be neglecting things you are supposed to start with so you can gain more stash in your portfolio,  but due to the quick profit it will make you to  lost concentration and your attention will be much divided, that's why it's more advisable to first concerntrate learn more about Bitcoin investment and start little using the dca method with your descrationary income either by weekly or monthly, this strategy has helped many in this Bitcoin investment journey but yet many are still leaving this process, instead of paying more attention on how to grow there portfolio gain more stash they decide to be discussing about profit which they have neglected what they are supposed to focus on.

[laijsica]

Investment risk does not only come from trying to make a quick profit, but also from investing without understanding your financial capabilities and making emotional decisions in the face of market fluctuations. It is difficult to maintain investment in the long term without proper fund management. The important thing is to maintain a balance between your income and expenses. This reduces the possibility of panicking and selling Bitcoin when the price drops or being forced to sell Bitcoin at a loss to meet personal needs. an investor should not expect to make a big profit quickly by investing. There can be a big drop in the market price and it is not possible to say when it will turn around. It is wise to set long-term goals and not change your plans due to temporary price drops.

Trying to make quick profit sounds more like trading already which is very unlike an investors because investors never aim at making quick profit but rather they pay more attention to longevity and again making emotional decisions is something an investor should worked on before starting the journey of Bitcoin investment. In as much as I believe one can never be perfect or too careful as human, I think there are things they should worked on and set things that will aid them a smooth and little or no stress in their journey.

To smoothen your investment journey you need to use a simple method like DCA. Instead of planning to invest for just a few days or months you should go for a long term investment journey. To smoothen this part of your long term journey  you should continue DCA regularly through discretionary income. Expectations of quick profits will make you a trader and trading is a risky strategy.
You may be able to trade but trading is not as easy as long term investment. Before you start long term investment you need to make sure that you have discretionary income available. You need to start your long term Bitcoin investment journey without focusing on anything else. No one is perfect but having discretionary income available is necessary to smooth this way as well as a backup fund.

[Gaza13]

Investment risk does not only come from trying to make a quick profit, but also from investing without understanding your financial capabilities and making emotional decisions in the face of market fluctuations. It is difficult to maintain investment in the long term without proper fund management. The important thing is to maintain a balance between your income and expenses. This reduces the possibility of panicking and selling Bitcoin when the price drops or being forced to sell Bitcoin at a loss to meet personal needs. an investor should not expect to make a big profit quickly by investing. There can be a big drop in the market price and it is not possible to say when it will turn around. It is wise to set long-term goals and not change your plans due to temporary price drops.

Trying to make quick profit sounds more like trading already which is very unlike an investors because investors never aim at making quick profit but rather they pay more attention to longevity and again making emotional decisions is something an investor should worked on before starting the journey of Bitcoin investment. In as much as I believe one can never be perfect or too careful as human, I think there are things they should worked on and set things that will aid them a smooth and little or no stress in their journey.

Indeed, to achieve truly significant results, investing over the long term is the most proven strategy for maximizing an asset growth potential while mitigating the risks of short term market fluctuations. This approach serves as a benchmark or standard for most successful investors across various asset classes, including Bitcoin itself. The single most important key to this investment strategy is simply consistency and the patience to stick firmly to your original plan especially when market sentiment turns negative or bad news emerges, as is the case right now. Making investment decisions based on emotions can actually jeopardize your investments. It is highly advisable for anyone just starting to invest in this industry to gain a thorough understanding before making any purchases or getting started; this will also shape the future of your investments.

[Futurexxx]

. It is highly advisable for anyone just starting to invest in this industry to gain a thorough understanding before making any purchases or getting started; this will also shape the future of your investments.

It's true that knowledge is very important in all you do, but when it comes to investing in Bitcoin, all you just need to started your investment is by having a discretionary income and a common sense to buy and hold.

 Then the rest of other knowledge that enables your to develop a strong holding hands can be learnt when you are already accumulating, because knowledge is endless, so if you start looking for more knowledge without starting when your discretionary income is available, it may take you a very long time to start because thorough understanding as you proclaimed cannot be attain in a single day, weeks or month.

[Female King]

It is highly advisable for anyone just starting to invest in this industry to gain a thorough understanding before making any purchases or getting started; this will also shape the future of your investments.

You don't have wait to gain thorough knowledge and understanding about bitcoin before you can get started accumulating bitcoin, what you needed to get started with is your discretionary income, ones you have your discretionary income available you get started and then figure out other things along as you buy bitcoin, if you say you want to understand everything about bitcoin you will never get started because you can't understand bitcoin all, get started with your discretionary income, accumulate regularly with the dca strategy and hodl for long.

[Qhunman]

It is highly advisable for anyone just starting to invest in this industry to gain a thorough understanding before making any purchases or getting started; this will also shape the future of your investments.

Even though gaining Knowledge about bitcoin is important but it's not mandatory to have a thorough knowledge about it before you invest. Even if you try, you will just be wasting your time because nobody can know everything about bitcoin..

There is no where it is said that you must gain thorough knowledge about bitcoin before you invest. So what you need to getting started is just your discretionary income, as you ongoingly accumulate, you will gradually gain the knowledge that you want

So stop wasting your precious time trying to gain a thorough knowledge and start investing immediately using your discretionary income and dca strategy.