Frequently, I like to suggest that folks who are investing into bitcoin, should try to figure out ways to invest into bitcoin as aggressively as they are able to do without overdoing it. For sure, guys with strong cashflow management will be in a better position to invest aggressively into bitcoin as compared with folks who either don't have strong cashflow management and/or are otherwise unorganized in their finances.
Another thing is that level of aggressiveness or whimpiness is totally a discretionary matter in which each person is completely free to choose their level of aggressiveness or their level of whimpiness when it comes to how much priority they give to bitcoin investing and how much priority they give to strengthening their cashflow management systems/practices (which includes the level of their back up fund building and/or maintenance)
For a low-income person, there are many obstacles to being aggressive, even if they are willing to invest aggressively, their financial situation stands in the way of being aggressive.
Being aggressive is a description of how a person is investing within their abilities. It is not about how much income you have.
Yes, of course, a rich person has more options.
A poor person can still choose his level of aggressiveness or not within the scope of his discretionary funds. And, yeah, if they barely have any discretionary funds, they might not even be able to invest in bitcoin since they don't have enough... I understand that.
We should find one source of income along with another source of income. Once we are able to find a source of income, we can easily invest aggressively without going overboard.
Sure, getting more income can help how much discretionary funds that a person has to work with, but the idea of being aggressive is still not about how much you have.
Maybe you need an example to use the expression properly?
Let's say that 3 persons have an income of $15k per year (which is $1225 per month), and their expenses are $1k per month, which would leave
$225 per month in their discretionary income.
1) One of them in the middle invests $75, saves back ups as $75 and discretionarily consumes $75
2) A second one as whimpy invests $15, saves back ups as $80 and discretionarily consumes $130
3) A third one as aggressive invests $180, saves back ups as $30 and discretionarily consumes $15
If they get a raise and their discretionary income goes from $225 per month up to $1,200 per monht, yet if they keep the same proportions then they have not become more aggressive merely because their incomes and amount invested went up.
Let's say after the raise their expenses stay the same, but their income goes up to $2,200 per month, so each of them ends up having
$1,200 of discretionary funds4) The one in the middle invests $400, saves back ups as $400 and discretionarily consumes $400
5) The second one as whimpy invests $30, saves back ups as $150 and discretionarily consumes $1,020
6) The third one as aggressive invests $900, saves back ups as $200 and discretionarily consumes $100
Even though the amount of discretionary income went up in the second example, each of them in 4, 5 and 6 stayed in the same category because they largely kept their proportions the same, even though each of them increased the amounts in each of the categories, including each of them increased the amounts that they invested based on increased discretionary income.
However, we must be able to manage our finances properly. There are many who have a source of income or a lot of income but are unable to manage their finances properly, so they cannot invest aggressively or in many cases, they become unable to maintain continuity. Proper financial management is very necessary to maintain the continuity of our investments and enjoy the benefits of the decline.
Sure. In the real world, there tends to be inconsistencies in regards to income and expenses, so discretionary funds are not going to necessarily be the same for each month.
A person is in a better position to be aggressive if he has strong cashflow management practices in place, meaning if he has good back up funds, he is more covered in case he makes a mistake.
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Buying bitcoin aggressively is still the same thing as buying bitcoin consistently and their is nothing wrong with this, so far as you are not buying with the amount you cant afford. And if you must buy bitcoin aggressively or consistently it must be an amount you can afford, doing this is just for the benfit of every investor to take the opportunity to accumulate much bitcoin and hodl.
Buying bitcoin aggressively is never a stress but the ideal thing to do for an investor who understand what bitcoin investment is all about. It can be stressful for only those who dont understand what bitcoin and it investment is all about.
By definition, buying bitcoin aggressively and buying bitcoin consistently are not the same thing.
The two words have different meanings.
For example, you could consistently buy bitcoin in a whimpy way or you could non-consistently buy bitcoin in an aggressive way.
Frequently, I like to suggest that folks who are investing into bitcoin, should try to figure out ways to invest into bitcoin as aggressively as they are able to do without overdoing it. For sure, guys with strong cashflow management will be in a better position to invest aggressively into bitcoin as compared with folks who either don't have strong cashflow management and/or are otherwise unorganized in their finances.
Another thing is that level of aggressiveness or whimpiness is totally a discretionary matter in which each person is completely free to choose their level of aggressiveness or their level of whimpiness when it comes to how much priority they give to bitcoin investing and how much priority they give to strengthening their cashflow management systems/practices (which includes the level of their back up fund building and/or maintenance)
Discretionary income is the determining factor for how aggressively or whimpily a person can invest because it basically shows you what you can afford to put in without tampering with your essentials, so yes you’re very correct Sir JJG, being aggressive just means doing as much as you comfortably can, there’s no need to try and force yourself to go all in like it’s a weekend’s bet.😆 If your cashflow is solid and your finances are in order, then yeah, you can push harder without putting yourself in an uncomfortable situation. If there’s extra money then you can choose to go harder but if it’s small, then you take it easy, Simple.
And the truth is that everyone’s aggressive looks different. For one person it’s $20, for another person is $500 but there’s no need to compete, it isn’t a race and no one is giving out medals for the fastest bitcoin buyer.
Levels of aggressiveness or whimpiness are choices that guys make and they can even change their level of aggressiveness or whimpiness based on a variety of factors, including things going on in their lives.
Guys like to consider the changing of aggressiveness or whimpiness based on changes in the BTC price, yet making those changes based on changes in the price could end up resulting in mistakes, yet guys are free to do what they like.
i frequently suggest that guys who have sloppy or unorganized finances may well put themselves into a bad situation if they increase their level of aggressiveness, and guys who are more organized and have higher levels of back up funds, they tend to be in a better position to increase their level of aggressiveness without increasing their chances of getting themselves into trouble.
Therefore, the two words are two different ways of describing what you may or may not be doing in terms of your bitcoin buys.
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I will advise if you want to be aggressive when using DCA strategy to accumulate Bitcoin try to have a reserve funds and this reserve funds will only be used to accumulate aggressively when there's a dip this way you won't be pressured to use more than your discretionary income to accumulate during the dip, so from now you can start building your reserve funds meant for aggressive accumulation during the dip.
Sorry to break the news to you, but your level of aggressiveness does not increase with the addition of reserve funds to buy the dip... when you hold back money to buy the dip, arguably you are increasing your use of waiting strategies and even changing your mindset towards waiting.
I have no problem with guys who want to hold back some money for buying dips, yet I would consider them to be living in a fantasy if they believe that they are increasing their aggressiveness by employing waiting strategies into their buying and into their mindset.
It is very bad to use more than your discretionary income for Bitcoin investment it is never advisable to do that, use only your discretionary income if you don't have a reserve funds that you can use to accumulate aggressively during a dip don't be aggressive except you have a very strong emergency funds.
Surely reserve funds are built up from discretionary funds, so there is no problem to designate some or all of the reserve funds for buying dips. Sometimes guys might also search for extra funds or even extra ways to earn money during BTC price dippening periods.. .to the extent that dips can be identified, since we can have dips that keep dipping and we can also have dips that are over, yet we don't realize that they are over, so we unnecessarily hang onto more funds than we should to wait for dips that might not happen.
From my perspective, that holding back for dips that may or may not happen does not sound as if it is more aggressive of an approach as compared with a guy who consistently, persistently, ongoingly, regularly buys bitcoin with whatever funds he has as those funds come available.