Newbies don't buy bitcoin over aggressively.

[kawetsriyanto]

Due to the dynamics or volatility of the price of Bitcoin the DCA strategy is more effective for investors but it will be profitable for you only if you consider it logical to complete one or more cycles and can make it work.

DCA is an effective strategy to accumulate Bitcoin. This way, we won't make a mistake to buy Bitcoin at a certain rate (price). Since we buy at varied prices, we can be easier to adjust the goal of taking profits. So, we can say that it is a quite safe strategy, it is suitable for newbies or beginners.  

While we suggest people to buy Bitcoin but it's still their duty to understand what they're buying and not only on the prize but, to make it understand why they're buying it and it's still a risky asset.

Of course, before someone buys Bitcoin, he/she must know well the advantage and the disadvantage of Bitcoin. Sure, they must be aware of its nature (high volatility) and its level of risk. It is just a wrong way to invest without understanding it firstly. Even it is for Bitcoin, investing with a careless way is something stupid. This probably leads us to waste money only if we don't understand the cycle.

But if the personal life and individual factors permits them to be aggressive and not just because of a particular market reaction, then surely they may go ahead to invest aggressively.

Whatever the reason, I think investing aggressively with a careless consideration isn't a good idea. Each investor must invest in a proper way, especially in a high risk asset like Bitcoin. So, be calm and consider anything through deep analysis!!

[Crytohillss]

Bitcoin investment is not by an aggressive action, as we may not want to go into losses after investing in it, everything has to go with the due procedures which may determine what we stand to earn from investing at it, when we learn about bitcoin and how to invest safely, then we have the idea on when to invest and how to make our investment a secured one, because the purpose to why we are considering this is to make profit at the long time.

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Some persons rush in without understanding what they  are doing and later regret , learning and taking it step by step is the safer approach, you are correct Bitcoin is not about quick profits knowing the market and managing risk properly is what really helps in the long term investment. If one don't learn first they might ended up by making a costly mistakes, it's better to jump carefully and think for long term strategy.

[WhoYouCantKill]

Whatever the reason, I think investing aggressively with a careless consideration isn't a good idea. Each investor must invest in a proper way, especially in a high risk asset like Bitcoin. So, be calm and consider anything through deep analysis!!

True, but sometimes, it doesn’t really require any deep reasoning or thinking, because your strategy is usually there as a guide, all you gotta do is just look at your strategy and evaluate if your strategy would allow you to be more aggressive, less aggressive or just maintain your position. The most important thing is that, these decisions shouldn’t be base on some emotion or current market reaction but rather based on your strategy.

[Father111]

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

First when i saw this thread, i thought that newbies of  not buying to aggressively is with another reason, i don't know that your reason of newbies of not buying aggressively, is that you see aggressively buying as a means of buying Bitcoin out your discretionary income, truth is that buying aggressiveness doesn't means buying what you can't afford to lose or either outside your discretionary income but buying Bitcoin aggressively simply means buying consistently with your discretionary income, either daily, weekly or monthly, with your discretionary income only and also you aggressively should not pass within your discretionary income that comes to you.

[Gost ms]

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

First when i saw this thread, i thought that newbies of  not buying to aggressively is with another reason, i don't know that your reason of newbies of not buying aggressively, is that you see aggressively buying as a means of buying Bitcoin out your discretionary income, truth is that buying aggressiveness doesn't means buying what you can't afford to lose or either outside your discretionary income but buying Bitcoin aggressively simply means buying consistently with your discretionary income, either daily, weekly or monthly, with your discretionary income only and also you aggressively should not pass within your discretionary income that comes to you.

For a new person, being aggressive in the first place is a bit risky. Even if a new person has the money to invest aggressively, it is still a bit risky for him to invest aggressively in the new situation. If a new person who has not yet experienced market volatility invests aggressively during a decline and if there is a big decline in the market immediately after his investment or after some time, he may sell his holdings in fear of seeing the decline and may face losses.

However, many people are risk-tolerant, they can invest aggressively during a decline if they want. If a person is not risk-tolerant, they can continue to buy continuously and when he faces volatility in the market, he will gradually be able to overcome his fear. When he is able to overcome his fear, he can invest aggressively

[Report4You]

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

Investors who have just joined usually err in investing more money than necessary, thinking that this will enable them to gain a lot of profit, yet it normally makes them stressed and ends up in poor decisions.

Investing via DCA using extra income alone is a prudent way to remain steady through market fluctuations. Investing must not consume one’s life. If you do not feel safe, then you will be stressed and will end up selling when you shouldn’t.

[Silikiem]

Whatever the reason, I think investing aggressively with a careless consideration isn't a good idea. Each investor must invest in a proper way, especially in a high risk asset like Bitcoin. So, be calm and consider anything through deep analysis!!

True, but sometimes, it doesn’t really require any deep reasoning or thinking, because your strategy is usually there as a guide, all you gotta do is just look at your strategy and evaluate if your strategy would allow you to be more aggressive, less aggressive or just maintain your position. The most important thing is that, these decisions shouldn’t be base on some emotion or current market reaction but rather based on your strategy.

This is why it’s even more advisable that newbies should start investing with the DCA method with the amount they can afford to lose. They can be buying little by little but before then they should try to make sure they are able to meet up with their basic needs first so that any money left with them they can comfortably use it to buy bitcoin and hold for long term. The DCA method will help them to be able to buy bitcoin and hold no matter the  current bitcoin price with just a discretionary income either on weekly or monthly basis depending.

[Supreme Donvic]

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

Investors who have just joined usually err in investing more money than necessary, thinking that this will enable them to gain a lot of profit, yet it normally makes them stressed and ends up in poor decisions.

Anyone that is investing in Bitcoin with all his money don't understand bitcoin investment very well and the fault is from the person that introduced him or her to bitcoin investment some people when they are introducing others to bitcoin investment they make it look like Bitcoin investment is a Ponzi scheme where they can make huge amount of money in just a week if this set of people know that Bitcoin investment is a long time investment believe me they will not be aggressive in the accumulation the only reason why they are aggressive is because they don't know how bitcoin investment is.
If you are introducing people into bitcoin investment and you want them to invest for long-term then you should be very plain to them that they will hold for a very long time however if it is in a trading level then they should understand the risk also.

[Olatundespo]

Whatever the reason, I think investing aggressively with a careless consideration isn't a good idea. Each investor must invest in a proper way, especially in a high risk asset like Bitcoin. So, be calm and consider anything through deep analysis!!

True, but sometimes, it doesn’t really require any deep reasoning or thinking, because your strategy is usually there as a guide, all you gotta do is just look at your strategy and evaluate if your strategy would allow you to be more aggressive, less aggressive or just maintain your position. The most important thing is that, these decisions shouldn’t be base on some emotion or current market reaction but rather based on your strategy.

This is why it’s even more advisable that newbies should start investing with the DCA method with the amount they can afford to lose. They can be buying little by little but before then they should try to make sure they are able to meet up with their basic needs first so that any money left with them they can comfortably use it to buy bitcoin and hold for long term. The DCA method will help them to be able to buy bitcoin and hold no matter the  current bitcoin price with just a discretionary income either on weekly or monthly basis depending.

It is better to accumulate Bitcoin from the amount of discretionary funds that remain after meeting not only basic needs but also many additional needs of the family. One of the many reasons why the DCA method is more suitable for Bitcoin accumulation is that buy any size Fraction of Bitcoin. We often recommend using a afford to loss fund, which means the discretionary fund is the fund that is left after meeting all your needs. This investment strategy is applied to Bitcoin because it is a risky asset. In the coming days of accumulation Bitcoin, focus on meeting the needs of the family and live a comfortable life because Bitcoin should not cause you to be overly emotional and after poor.

[Saltysugar99]

Investors who have just joined usually err in investing more money than necessary, thinking that this will enable them to gain a lot of profit, yet it normally makes them stressed and ends up in poor decisions.

Investing via DCA using extra income alone is a prudent way to remain steady through market fluctuations. Investing must not consume one’s life. If you do not feel safe, then you will be stressed and will end up selling when you shouldn’t.

Yeah i agree what you are saying. Most of newbies make this mistake at the beginning. They think that if they can spend huge money then they will get huge profit. though this logic seem good but in reality this is more risky  Because they do not calculate their financial limits properly. Later, when the price moves their mental instability start  .Then they take decision  by emotion  . This is why DCA with discretionary income is the most easiest method of investing . Your basic expenses are done and back up fund is created . Then you buy with whatever extra you have. If you buy this way, you should not be upset even the market goes down. As your buy amount is not making problematic your life. You can still continue your lifestyle as before . And that is the main  point of Bitcoin accumulation.

[Wash Skin]

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

I agree with you ,at present , bitcoin should not be bought  in advance in any way. I want to invest in bitcoin , I have difinetley gained some knowledge by doing this post of yours.if will difinetley be useful in my future , Bitcoin investment shuold be done slowly and as  much money as you Can lose, you should invest in Bitcoin as much as you can.

[abaeze]

It is better to accumulate Bitcoin from the amount of discretionary funds that remain after meeting not only basic needs but also many additional needs of the family. One of the many reasons why the DCA method is more suitable for Bitcoin accumulation is that buy any size Fraction of Bitcoin. We often recommend using a afford to loss fund, which means the discretionary fund is the fund that is left after meeting all your needs. This investment strategy is applied to Bitcoin because it is a risky asset. In the coming days of accumulation Bitcoin, focus on meeting the needs of the family and live a comfortable life because Bitcoin should not cause you to be overly emotional and after poor.

Agreed, but so far no one has become poor by investing in Bitcoin with discipline in the long term, rather I have seen some people who have changed their situation in just two years by investing in Bitcoin. So if someone has the right knowledge about the digital currency Bitcoin and does not take wrong decisions under the persuasion of anyone and invests in Bitcoin with a discretionary fund patiently according to the plan, then in the long term Bitcoin will definitely help them in earning profits. So without thinking too much, investing in Bitcoin with income according to your ability is a right plan.

[taufik123]

Whatever the reason, I think investing aggressively with a careless consideration isn't a good idea. Each investor must invest in a proper way, especially in a high risk asset like Bitcoin. So, be calm and consider anything through deep analysis!!

True, but sometimes, it doesn’t really require any deep reasoning or thinking, because your strategy is usually there as a guide, all you gotta do is just look at your strategy and evaluate if your strategy would allow you to be more aggressive, less aggressive or just maintain your position. The most important thing is that, these decisions shouldn’t be base on some emotion or current market reaction but rather based on your strategy.

Uncontrolled emotions and too much panic or greed will hinder the investment and will make the strategy even more chaotic.
It's better to calm down and see what happens to the market, whether you enter at the right time or not.

You also need to do capital and Emotions management so that everything can go according to the original plan.
By having good management, when the market goes down beyond the prediction, you still have the opportunity to buy more with the reserve funds that you have prepared,
that is the purpose of good and correct management.

[avp2306]

It is better to accumulate Bitcoin from the amount of discretionary funds that remain after meeting not only basic needs but also many additional needs of the family. One of the many reasons why the DCA method is more suitable for Bitcoin accumulation is that buy any size Fraction of Bitcoin. We often recommend using a afford to loss fund, which means the discretionary fund is the fund that is left after meeting all your needs. This investment strategy is applied to Bitcoin because it is a risky asset. In the coming days of accumulation Bitcoin, focus on meeting the needs of the family and live a comfortable life because Bitcoin should not cause you to be overly emotional and after poor.

Agreed, but so far no one has become poor by investing in Bitcoin with discipline in the long term, rather I have seen some people who have changed their situation in just two years by investing in Bitcoin. So if someone has the right knowledge about the digital currency Bitcoin and does not take wrong decisions under the persuasion of anyone and invests in Bitcoin with a discretionary fund patiently according to the plan, then in the long term Bitcoin will definitely help them in earning profits. So without thinking too much, investing in Bitcoin with income according to your ability is a right plan.

If they have that attitude well chances not to get broke maybe high, but if they let their emotions goes higher with FUDs and fear spreading then think about selling if that situation came. There high chance that they might get broke especially if they made sudden decision and will not further think if their action is good or not.

So best to know Bitcoin first and how it works. Reading articles about the history and also feedback towards best approach on their investment is good. Since they might get great idea on what best action to do when they tried to participate on this type of investment.

[Olatundespo]

It is better to accumulate Bitcoin from the amount of discretionary funds that remain after meeting not only basic needs but also many additional needs of the family. One of the many reasons why the DCA method is more suitable for Bitcoin accumulation is that buy any size Fraction of Bitcoin. We often recommend using a afford to loss fund, which means the discretionary fund is the fund that is left after meeting all your needs. This investment strategy is applied to Bitcoin because it is a risky asset. In the coming days of accumulation Bitcoin, focus on meeting the needs of the family and live a comfortable life because Bitcoin should not cause you to be overly emotional and after poor.

Agreed, but so far no one has become poor by investing in Bitcoin with discipline in the long term, rather I have seen some people who have changed their situation in just two years by investing in Bitcoin. So if someone has the right knowledge about the digital currency Bitcoin and does not take wrong decisions under the persuasion of anyone and invests in Bitcoin with a discretionary fund patiently according to the plan, then in the long term Bitcoin will definitely help them in earning profits. So without thinking too much, investing in Bitcoin with income according to your ability is a right plan.

I have many examples of people who have improved their financial situation from Bitcoin but they can improve even more if they consider each 4 year cycle as a separate accumulation period. Their plan should include Bitcoin every week. If he gets paid monthly he should be regular in the DCA method for accumulation Bitcoin weekly. Discipline is important for long term investment. This discipline will grow in you when you can properly apply discretionary income to Bitcoin. Do not use entire full discretionary income but keep it as a cash reserve and for an emergency fund but allocate a large percentage to Bitcoin accumulation.

[WhoYouCantKill]

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You also need to do capital and Emotions management so that everything can go according to the original plan.
By having good management, when the market goes down beyond the prediction, you still have the opportunity to buy more with the reserve funds that you have prepared,
that is the purpose of good and correct management.

Speaking of capital management, think that comes naturally when folks learn to manage their emotions. I mean the main thing that pushes most investors into being over aggressive is their inability to control their emotions, mostly when they see what seems to be a potential opportunity, and they start feeling it’s a lifetime opportunity and if they missed it that time, they’ll never get the chance again, forgetting that Bitcoin investment rewards patience and consistency than it does smartness and perfect timing.

[ChainBreaker21]

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

I learn a lesson from the stock market . I think crypto is more risky than stock market . So its not about long term its all be how well prepared you are for your investment. If you have emotional control, patience, plan then you are prepared for thats and mostly people think just invest I don’t like the idea i think DCA is good strategy Rather than investing one time

[SuperBitMan]

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You also need to do capital and Emotions management so that everything can go according to the original plan.
By having good management, when the market goes down beyond the prediction, you still have the opportunity to buy more with the reserve funds that you have prepared,
that is the purpose of good and correct management.

Speaking of capital management, think that comes naturally when folks learn to manage their emotions. I mean the main thing that pushes most investors into being over aggressive is their inability to control their emotions, mostly when they see what seems to be a potential opportunity, and they start feeling it’s a lifetime opportunity and if they missed it that time, they’ll never get the chance again, forgetting that Bitcoin investment rewards patience and consistency than it does smartness and perfect timing.

WhoYouCantKill I will not say it is emotions or lack of controlling their emotion is the reason why they accumulate aggressively as for me, The reason why newbie will be accumulating aggressively is because of greed. These people usually want to make huge amount of money immediately they start any business or investment they usually don’t like patience. They want to get it all in a small time and this set of people are the ones that usually get addicted to gambling because they usually want to make huge amount of money immediately they start anything that gives money, if not greedy what will make you start an investment and you are so aggressive in that investment, if you start a business or invest you start small and then watch how it works and learn from your investment.

[cxtreenal]

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

I learn a lesson from the stock market . I think crypto is more risky than stock market . So its not about long term its all be how well prepared you are for your investment. If you have emotional control, patience, plan then you are prepared for thats and mostly people think just invest I don’t like the idea i think DCA is good strategy Rather than investing one time

It is true that the crypto market is much riskier than the stock market. It is also true that there is a strong opportunity for high profits in the stock market. In the stock market, there is a fixed boundary of price decrease or increase, but in the crypto market there is no fixed boundary of price decrease or increase. The price of most cryptos is unstable, which is why many consider this market situation risky.

You have to be patient at every stage of investment and be consistent in your long-term plan. Discipline is important in long-term investment and if you follow this discipline, you do not have to take risks all the time. You should analysis your own financial capacity and engage in long-term investment and do not believe in all cryptos. Save the best coins and strengthen your position financially to build long-term holdings.

I would recommend the DCA method for long term Bitcoin accumulation. There will be a lot of temptations in the market and you should avoid those tempting schemes to get rich in a short time. As you mentioned, you are aware of the DCA method. Yep the DCA method is definitely the best and best investment strategy for Bitcoin.

[taufik123]

-snip-
They want to get it all in a small time and this set of people are the ones that usually get addicted to gambling because they usually want to make huge amount of money immediately they start anything that gives money, if not greedy what will make you start an investment and you are so aggressive in that investment, if you start a business or invest you start small and then watch how it works and learn from your investment.

Yes, greed is indeed one of the causes, but lack of management is also the reason why trading and investing are carried out aggressively because they do not know when to enter and when to exit.
Just apply trading and investing like gambling, so it won't be good and end up buying too much at a high price because it's too FOMO.

Good investing and trading always have a strategy and management to determine where you will enter and where you will exit,
that way profits can be made without the need to be too greedy to make profits faster, there will all be a process.