Newbies don't buy bitcoin over aggressively.

[Merit.s]

This is to all newbies who wants to start their bitcoin long-term investment. It's good that you figure out how much you can use from your extra cash to invest in bitcoin from your income. This will enable you buy whenever you have received your income using DCA strategy. You shouldn't use money for your basic needs to buy bitcoin and start starving yourself or endanger your health. If you do that, you are only punishing yourself and gambling with your health because you will finally sell the bitcoin that you bought when you can no longer cope with the punishment.

Bitcoin investment should be done with ease by using only your discretionary income to invest gradually, that will relieve you from financial stress, and enable you to control your emotions when there is a dip in price to achieve your long-term goal. If you prevent yourself from living a normal life, and go to a lower standard of life, you can die before your time.

Over aggressive buying means buying bitcoin with money that is not your discretionary income. Only invest with the amount of money that you can afford to lose.

What are your thoughts on this

[Ishicryptic]

My understanding of aggressive buying is when somebody wants to buy a volatile asset or something that the price can change at anytime and they want to risk their money to buy at once, not considering whether the price is too high. Aggressive buying should be for short term and the buyer is willing to sell at a short time for quick profits. What you are talking about should be bankroll management for newbies who don't have adequate knowledge about Bitcoin investment. I agree with you that buying Bitcoin should be from your discretionary funds because it is an asset that is best to hold on the long term, selling it prematurely can be a loss. The best strategy for Bitcoin investment is DCA method, especially for fixed income earners, have a budget and buy from the allocation into your discretionary funds.

[Alone055]

Even though this topic has been discussed a zillion times, I'll offer my two cents on the subject anyway.

The majority of people who invest money that isn't extra for them, which means that they either take loans, sell some property, or invest their life savings into Bitcoin and other cryptocurrencies, because they've the impression that they are going to get guaranteed profit. When we talk about Bitcoin and see its history, we see that what they think isn't wholly wrong because those who had invested in Bitcoin, most of them, had been, at some point, in profit. However, there is another aspect to this. You might be able to get some profit when you invest in Bitcoin, but there is no guarantee about when that's going to happen. So, if someone invests money that they can't have locked for an unspecified amount of time, they can face problems.

Thus, it's important for anyone, whether a new investor or not (mostly only new investors do such things), to understand everything before they make a decision. The money one invests in this space shouldn't be needed, both in the present and in the near future, because the amount of time it's going to take for it to turn profitable is unknown, and this market is highly unpredictable.

[Rockstarguy]

This is to all newbies who wants to start their bitcoin long-term investment. It's good that you figure out how much you can use from your extra cash to invest in bitcoin from your income. This will enable you buy whenever you have received your income using DCA strategy. You shouldn't use money for your basic needs to buy bitcoin and start starving yourself or endanger your health. If you do that, you are only punishing yourself and gambling with your health because you will finally sell the bitcoin that you bought when you can no longer cope with the punishment.

That is why it is important to understand bitcoin investment first before investing. It is not just about investing; without a solid understanding of how one should invest, it is expected that one would struggle and face challenges in investing in bitcoin.

 In bitcoin, you don't have to invest all your money, but only what you can afford. The essence of the DCA method is to accumulate the amount of bitcoin that you can afford, and by doing this consistently, one can accumulate a good amount of bitcoin over time. Investing in bitcoin with all the money you have carries the risk of having to sell when you have no other money left. Cut your coat according to your size and invest in bitcoin with ease.

[Bd officer]

Only invest with the amount of money that you can afford to lose.

What are your thoughts on this

This is not just for newbies, not every investor should invest more money than they can afford to lose. However, before investing in Bitcoin, you need to get a proper idea about Bitcoin. Bitcoin is risky, no one can guarantee 100% profit here, so we have to consider all aspects and decide. Investing in Bitcoin must plan to hold on for the long term. Now investing more money than you can afford to lose will make it very difficult to hold the investment for a long time. If one invests the money that one can lose in the DCA strategy on a monthly or weekly basis then will not be financially affected and will be able to hold the investment for a long time. Investing in Bitcoin cannot make quick profits, so we should not try to buy Bitcoin aggressively in the hope of quick profits. Invest in Bitcoin and hold on for the long term.

[EL MOHA]

Bitcoin investment should be done with ease by using only your discretionary income to invest gradually, that will relieve you from financial stress, and enable you to control your emotions when there is a dip in price to achieve your long-term goal. If you prevent yourself from living a normal life, and go to a lower standard of life, you can die before your time.

Over aggressive buying means buying bitcoin with money that is not your discretionary income. Only invest with the amount of money that you can afford to lose.

Aggressively buying of bitcoin is usually done by those newbies who are actually looking to meet up on some specific amount of bitcoin holding. This newbies are actually looking to stack up their bitcoin holdings in a short period of time and at some point they buy bitcoin aggressively, for me this is not actually bad when people make haste in accumulating huge bitcoin before the price goes up but the problem is what is the back up plan to counter this buys.

If a newbie has other options to help Carter for the needs and feels he needs to designate a period where he can go all in bitcoin and this period reduce some extra spending on daily activities there is nothing wrong about I think it is needed in every aspect of investment but the investor should be aware of the risk the investment might face if the market doesn’t goes as he plans.

A few months of aggressive buying isn’t bad you can simply return back to normal buying after this period. But it Should be noted that it is not necessary as bitcoin accumulation can be done gradually and the investment will still be growing

[Davidvictorson]

You shouldn't use money for your basic needs to buy bitcoin and start starving yourself or endanger your health. If you do that, you are only punishing yourself and gambling with your health because you will finally sell the bitcoin that you bought when you can no longer cope with the punishment.

There is a way we usedl to say this, that if you save money when you have a little or nothing, your money will later end up saving you because you didn't do it right. That is what can happen here if the newbie uses a money meant for basic needs to invest in Bitcoin.The newbie will end up withdrawing that money from his wallet to use for their upkeep.

Over aggressive buying means buying bitcoin with money that is not your discretionary income. Only invest with the amount of money that you can afford to lose.

Knowledge will keep you from making life endangering decisions that can affect your finances and well-being. Invest wisely, invest smartly. And ask questions.

[Zackz5000]

You shouldn't use money for your basic needs to buy bitcoin and start starving yourself or endanger your health. If you do that, you are only punishing yourself and gambling with your health because you will finally sell the bitcoin that you bought when you can no longer cope with the punishment.

There is a way we usedl to say this, that if you save money when you have a little or nothing, your money will later end up saving you because you didn't do it right. That is what can happen here if the newbie uses a money meant for basic needs to invest in Bitcoin.The newbie will end up withdrawing that money from his wallet to use for their upkeep.

Over aggressive buying means buying bitcoin with money that is not your discretionary income. Only invest with the amount of money that you can afford to lose.

Knowledge will keep you from making life endangering decisions that can affect your finances and well-being. Invest wisely, invest smartly. And ask questions.

Using money meant for basic need to invest in to bitcoin can be described as gambling because definitely such person will out his bitcoin in a short while because he/she wasn't investing from their discretionary income, outside investing from your discretionary income can be very risky because sure person will sell out too soon and can even sell lost because he sold when he wasn't expected to sell.
Before some one will go into investing in bitcoin knowing that bitcoin investment is not like other investment where people buy and sell, bitcoin is best for a long time so after making provision for what is meant to be for up keep and also other important family needs your leftover fund can be used to accumulate Bitcoin.

[Vadym IP]

Well said, so let's summarize:

a) Investing in Bitcoin is about a long run, not a sprint. By long-term investing, we can see that some people are okay with waiting for a couple of years to finally get some revenue.
b) DCA may be the most suitable in this case.

But still, I don't agree about investing money for basic needs = gambling. I think if one can't spend their own money with a clear mind, they will find another way to lose/spend it on something else. In the case of investing in Bitcoin (even if unsuccessfully), we may see some progress, as a person can gain valuable knowledge about investing. Though, it's a crazy idea to dive into without a background check and knowledge.

[Dzwaafu11]

Bitcoin investment should be done with ease by using only your discretionary income to invest gradually, that will relieve you from financial stress, and enable you to control your emotions when there is a dip in price to achieve your long-term goal. If you prevent yourself from living a normal life, and go to a lower standard of life, you can die before your time.

Normally. As an investor, planning is very important; one must use part of their money to invest in bitcoin. Using all the money you earned is not advisable because that will result in a loss after holding for some period of time since you invested all the money you earned. That is why it is better to invest part of the money you earn in bitcoin and use the rest to meet your needs so that you will HODL the bitcoin for a long time.

Over aggressive buying means buying bitcoin with money that is not your discretionary income. Only invest with the amount of money that you can afford to lose.

What are your thoughts on this

When you said aggressive buying of bitcoin, I thought you would understand much better for beginners to understand. However, what I understand by aggressive buying of bitcoin is when someone continues pressuring themself just because they want to buy bitcoin. They are pressuring themself; they want to invest by any means, which makes it compulsory for them, which is not right.

[JMBitcointernational]

You shouldn't use money for your basic needs to buy bitcoin and start starving yourself or endanger your health.

Investments in cryptocurrency should be done strategically with a plan but the potential for a new person in cryptocurrency to invest without a plan is high because they may think that they are late to investing and they need to catch up. Because of that thinking they make a lot of unnecessary sacrifice that sometimes even puts their health in danger, family and themselves in difficult position. Investing with a plan will help you be able to maintain a balanced lifestyle as you make investment also for your future.

[Botnake]

Buying aggressively means buying even when there’s no perfect timing. Greed makes you an aggressive buyer, the more you become greedy, the more irresponsible investor you become.

However, newbies may be blinded by this reality since majority of them are motivated by greed. Although it’s good to be greedy when others are fearful, but sometimes having no fear at all, will only make you highly greedy, thus lead you to a very wrong perspective when it comes to bitcoin investment, and eventually result into major losses.

[mindrust]

DCA’ing slowly on bitcoin is the best strategy to follow imo. In time you’ll get rich but it will be a boring journey. Experiencing all those ups and downs will bore you to death. It is better than panic dumping your stash because you bought right before the crash. If you are planning to buy aggressively, it should at least happen after a big crash, not when btc is near its ATH. That’s a very dangerous strategy if you are not careful with what you are doing.

[Patikno]

This is to all newbies who wants to start their bitcoin long-term investment. It's good that you figure out how much you can use from your extra cash to invest in bitcoin from your income. This will enable you buy whenever you have received your income using DCA strategy. You shouldn't use money for your basic needs to buy bitcoin and start starving yourself or endanger your health. If you do that, you are only punishing yourself and gambling with your health because you will finally sell the bitcoin that you bought when you can no longer cope with the punishment.

Bitcoin investment should be done with ease by using only your discretionary income to invest gradually, that will relieve you from financial stress, and enable you to control your emotions when there is a dip in price to achieve your long-term goal. If you prevent yourself from living a normal life, and go to a lower standard of life, you can die before your time.

Over aggressive buying means buying bitcoin with money that is not your discretionary income. Only invest with the amount of money that you can afford to lose.

What are your thoughts on this

If someone really wants to invest in Bitcoin in the long term, then he should have realized that he is really able to hold it in the long term. This should be realized for everyone without exception, so if he wants to buy Bitcoin aggressively then I think it is not a problem.

However, this needs to be a reminder for anyone who wants to invest in Bitcoin, and must really calculate finances, so that if something urgent happens, the Asset in the form of Bitcoin will not be sold until the time comes. Regarding the time to make a sale, it depends on whoever and whenever they want, but I suggest not to rush to take advantage when Bitcoin only experiences a little growth in value, because we know that Bitcoin will continue to grow and that is not in doubt for the long term, and the longer Bitcoin will also be increasingly rare, so we must be able to secure our Bitcoin safely for the long term, and if you are in doubt about this, then do DCA.

[Marykeller]

Greed, misinformation, and FOMO are what could cause a newbie to invest aggressively in Bitcoin.

Many times newbies are misinformed about Bitcoin being a get-rich scheme, to take them way from poverty. They hold to that, to be investing aggressively in Bitcoin so that they can move away from poverty.

If they mindset of newbies can change from that, to think Bitcoin as means to make quick money. I believe aggressive investment will be minimize. People will invest accordingly as their income can carry them

[Porfirii]

Even though this topic has been discussed a zillion times, I'll offer my two cents on the subject anyway.
-snip-

Two zillion times, but still.

The other day I read a court ruling about a man who had some debts but still a good salary to pay for them within a reasonable time frame, and instead of doing the most sensible thing, he got over-indebted beyond his means to invest in some magical crypto that promised him unreasonable returns. Therefore, in the insolvency process he was found guilty because of his recklessness and for putting himself and therefore his creditors in that hard situation.

I found it curious to read that kind of case not in this forum, but while reading the legal news from my country. So, although this is an old topic, something is changing, in the sense that this type of mistake is becoming more and more common among people of all kinds.

[Floxynice]

I want to believe that newbies who buy Bitcoin aggressively already understand what they are investing in and are willing to be patient long enough for their investment to mature. But if, on the contrary, they are only buying that way because of greed and the fear of missing out, then they should be ready to face the consequences of greed.

It would be no one’s fault if these kinds of newbies fail. Every newbie is supposed to learn the dos and don’ts first before investing. So why the rush?

[Oshio-man]

I have not fix any amount of funds yet I will use to buy bitcoin, and even though I have funds to buy bitcoin, I will not use all the amount in my bank account to buy because I know what will happen when I have financial challenges, if you are not capable to use Dollar cost average DCA strategy to buy bitcoin, you can buy when the price is low and sell when the price is higher to enable you to grow some income fast from bitcoin investment.

[Pi-network314159]

This is to all newbies who wants to start their bitcoin long-term investment. It's good that you figure out how much you can use from your extra cash to invest in bitcoin from your income. This will enable you buy whenever you have received your income using DCA strategy. You shouldn't use money for your basic needs to buy bitcoin and start starving yourself or endanger your health. If you do that, you are only punishing yourself and gambling with your health because you will finally sell the bitcoin that you bought when you can no longer cope with the punishment.

Yeah actually Bitcoin investment should be done in a way we would not feel the impact on our regular expenses. And of course starving one's self for Bitcoin investment is not a nice decision because it's unhealthy. All we need is a steady source of income and a good financial management plus having a good discretion fund to use and invest through DCA. Although sometimes it is good to buy Bitcoin aggressively but not when the person is not financially bouyant. Because doing such a thing without knowing your stand on the ground will amount to failure.

Over aggressive buying means buying bitcoin with money that is not your discretionary income. Only invest with the amount of money that you can afford to lose.

Investing over aggressively is not only buying Bitcoin with a fund that is not your discretion. Buying Bitcoin with your discretion can also be buying over aggressive provided you did spend your discretion amount well, for example if you are having a discretion of $2k and you invest like $1.5k and Left with $500 then we might say you are investing over aggressive with your discretion. Instead of lump sum amount. Because your next expenses from your discretion will not solve all the necessary things it used to before.

[Zoomic]

Over aggressive buying means buying bitcoin with money that is not your discretionary income. Only invest with the amount of money that you can afford to lose.

What are your thoughts on this

This is not the definition of aggressive buying. Strategy is buying aggressively, but it doesn't mean that they are starving to buy it. Aggressive buying of bitcoin is encouraged for those who can afford it. There are people who has alot of money but they are reluctant to buy bitcoin or they procrastinate when it comes to bitcoin investment. Those guys are not aggressive in buying bitcoin. For someone to buy aggressively, they have money to invest. I advise you to revisit your concept of aggressive buying of bitcoin. You buy aggressively when you envisage that there is greater opportunities ahead.