Newbies don't buy bitcoin over aggressively.

[Hazink]

I think you should understand the topic. I didn't just say aggressively, I wrote over-aggressively and I believe that means when you are buying more than the capacity of your discretionary income. Aggressive buying is encouraged because it makes you accumulate bitcoin in a fast pace and you don't do it outside your discretionary income.

You can also consider addressing it as over-leveraging, as this type of investment will end up leading the investor into financial risk; they will end up spending more than they can afford, and when they are hit with a financial crisis, they will have no other option than to sell losses below the purchasing price, which is not a good way to invest and also another reason why investors are advised to have emergency funds.

[kawetsriyanto]

This is not just for newbies, not every investor should invest more money than they can afford to lose.~~

Sure, this suggestion is for all investors, not only for newbies. We must always remember that we must invest with a safe allocation. If we try to invest with excessive funds, it probably brings bad impacts to our financial stability. Also, it may bring a mental pressure because the volatility of Bitcoin price. We must know Bitcoin may experience big corrections or sideways, it doesn't always increase all the time. Investing with excessive funds can make a stressful condition whenever Bitcoin is in red market.

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. ~~ Investing in Bitcoin cannot make quick profits, so we should not try to buy Bitcoin aggressively in the hope of quick profits.

Having proper knowledge is surely the first thing that we must ensure before we start Bitcoin investment. It is true that there is no guarantee to take profits in Bitcoin. It is possible to get a lose if we don't know when the right time for entry and exit. Having proper knowledge will ensure us to have good analysis. So, it won't be difficult to determine the right time both for entry and exit.

Actually, it is not a must to hold for a long time. We can hold for few weeks or few months, depending on how much profits to expect. However, we must hold for few years if we want to get maximum profits.

[SilverCryptoBullet]

Sure, this suggestion is for all investors, not only for newbies. We must always remember that we must invest with a safe allocation. If we try to invest with excessive funds, it probably brings bad impacts to our financial stability. Also, it may bring a mental pressure because the volatility of Bitcoin price. We must know Bitcoin may experience big corrections or sideways, it doesn't always increase all the time. Investing with excessive funds can make a stressful condition whenever Bitcoin is in red market.

This principle is vital, hence, applicable for everyone. If any investor starts with betting in dangerous style by borrowing money for investment, don't expect that with bad risk management at start, the journey will be smooth enough for avoiding nightmare (loan expiration call, market liquidation) in future.

Capital is capital, and if you fail in defending it, you lose it and have no capital for doing anything else later. Small or big investors, this principle works for every investor. It is more dangerous in Bitcoin market with its high volatility and no circuit break like stock market.

Having proper knowledge is surely the first thing that we must ensure before we start Bitcoin investment. It is true that there is no guarantee to take profits in Bitcoin. It is possible to get a lose if we don't know when the right time for entry and exit. Having proper knowledge will ensure us to have good analysis. So, it won't be difficult to determine the right time both for entry and exit.

Actually, it is not a must to hold for a long time. We can hold for few weeks or few months, depending on how much profits to expect. However, we must hold for few years if we want to get maximum profits.

Having proper knowledge starts with what you know accurately about the market volatility, and how exchanges give you loan position and how they need in your collateral as well as most importantly how they liquidate your collateral in volatile market times and when your positions are in severe loss.

[Outhue]

This happened to me in the past and I am sure I am not the only one, but things are a lot easier in the past, both for online and offline.

In the past, there was Bitcoin faucets and airdrop that can come to your rescue, I was surviving with faucet at the time because I had access to free Internet, just like I've said, things were a lot better at the time.

Bitcoin was still very new and it's easier to get your hands on because it was cheap compare to today, there are click to pay platforms online where you can make some money before the week runs out, today non of these exists anymore.

Also in the real world then, foods and groceries are a lot cheaper, yes I starved myself due to saving money to buy Bitcoin and other things crypto related but it was easier, if any beginner tries it today they will face reality very fast because things are very hard right now.

[Agbamoni]

Newbies can buy Bitcoin aggressively if they have the money to. Being a newbie in Bitcoin doesn't mean they are newbies in life. A newbie can be a billionaire or a millionaire by which affording to go aggressive in Bitcoin will be a good option for him. I think an investor is ready to buy aggressively when he is capable of covering all the necessary expenses in life and have more than enough discretionary income to buy aggressively. As for those newbies who are still struggling financially this advice will be best for them.

[traderethereum]

Newbies can buy Bitcoin aggressively if they have the money to. Being a newbie in Bitcoin doesn't mean they are newbies in life. A newbie can be a billionaire or a millionaire by which affording to go aggressive in Bitcoin will be a good option for him. I think an investor is ready to buy aggressively when he is capable of covering all the necessary expenses in life and have more than enough discretionary income to buy aggressively. As for those newbies who are still struggling financially this advice will be best for them.

The key here is money and everything will be done. Every people can become a Bitcoin investor as long as they know how to start. All of that will depends on how they learn about Bitcoin investment and start when they are ready.

Being aggressive in Bitcoin investment will not be a problem for those who can manage their money. But most people will get in a trouble if they can not covering all the needs expenses because they change their priority. If they can still struggling financially, it is better they start with small amount or waiting until they have more free money.

Becoming Bitcoin investor will be a choice for them and nothing force them to start immediately. That is because all people decision and consideration will not be the same. So they should think much, calculate, and allocate the money.

[Peanutswar]

Actually thats one of my mistake during my early time i bought bitcoin and other altcoin during the price are on the top because i can see the potential of the crypto that time but afterwards the market going down the frustration is right there so do panicked sell my asset and losses sort of my investment. After that i told to my self i will learn how does the market work and how can i understand what are the market next price movement so i learn basic trading now i can make an entry and take profit during the marker cycle without getting fear to lose more money again.

[mvdheuvel1983]

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.

Op, don't make it look like it is only good for a long term investor to only invest in Bitcoin with an extra cash they have it doesn't sound well to me because whether you agree with this or not long-term investment has no losses attached to it because therevis no way an investor will invest a certain amount of money in buying Bitcoin and allow it for 10 years and not make profit that's not possible, do not make it look like a newbie who is interested in investing in Bitcoin for a long term can not invest with a good amount of money because it sounds like you are warning them Incase losses which you already know that it's impossible to encounter losses as a long term investor unless you sell at loss without checking the current price when you bought Bitcoin.

Newbies who have experience and money should be encouraged to invest in Bitcoin for a long term, there is nothing to fear people should stop discouraging newbies so they don't invest in other businesses that may not give them profit in future.

[Negotiation]

Patience and awareness are the biggest weapons when investing in bitcoin it is better to invest only from your spare or discretionary income and never go beyond your limits as this will make your standard of living easier. It is not wise to invest too aggressively creating problems for meeting daily needs maintaining a healthy lifestyle and financial stability is much more important than any investment. We all know that bitcoin is a long term investment there is nothing to be aggressive here for beginners just wait for a long time and you will get good results.

[Awaklara]

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.

Doing good financial management is the first thing to do before investing in Bitcoin. It's true what you said, not to be aggressive at the beginning of investing, and it's better for us to have more knowledge about Bitcoin before starting to invest.

Many beginners just follow what's popular in the market or what's talked about more. But I have a friend who moved some of his money from selling a property business to Bitcoin. That happened a few years ago. I don't know how long and how far he analyzed the potential of Bitcoin, because previously I knew he was not interested in Bitcoin and crypto. He told me about his transfer, he liked the property business, and then set aside his money to own Bitcoin. And I'm sure people who usually do business like that won't come in with small funds.
I haven't met my friend again, but I'm sure he sold his Bitcoin, at least some after Bitcoin reached its last ATH.

[Moreno233]

Newbies should even be more motivated to buy Bitcoin aggressively than those who have been there because they would have learnt how wonderful the opportunity of having a good Bitcoin portfolio is and realizing they did not start early will push them into cutting so many things they spend money on that are not too important and funnel the money into Bitcoin. Those who started earlier and have accumulated a good amount of Bitcoin may decided to slow down  little and do some other things but newbies that have nothing will not think this way because they will be looking at their portfolio and wished they had more. It is only good to encourage them to use only their "discretionary" income so they don't make the mistake of putting all their money in Bitcoin, a decision that can make them sell their Bitcoin for minor life issues.

[SOKO-DEKE]

As a newbie who is just entering the world of cryptocurrency, it is not a good idea to rush into buying Bitcoin aggressively. This is because it may not go the way they planned. Bitcoin, being a volatile asset, can experience significant price drops after they purchase it, which may cause panic. When the Bitcoin market goes down, some might sell their holdings out of fear.However, by staying calm and investing smartly, they can develop effective strategies, such as dollar cost averaging (DCA). This strategy allows them to buy Bitcoin at different price points by investing a fixed amount weekly or monthly instead of all at once. It is considered one of the best strategies for many investors, especially beginners.

Another important point for newbies is to maintain an emergency fund separate from their Bitcoin investment. This ensures that if any unexpected financial issues arise, they won't need to sell their Bitcoin to address the problem. This is crucial, as such issues may occur when the Bitcoin price is down.so newbies should not be to eager because of the profits they are aiming to and invested all what they have in bitcoin with having figure out somethings first,and also know that the know they can able to lost is what they should invest in bitcoin.

[Natalim]

Whatever that makes us aggressive can never do good things for bitcoin. It will only increase our greed towards our goal of making quick profits, without realizing that it only lead us towards losses and frustrations later on. The only key here is, learn to be patient with bitcoin. Do not be lured and make stupid decisions just because others are already in profits with bitcoin, for sure they also do their waiting game with bitcoin prior to their success.

And one more thing, do not value bitcoin more than your life. Bitcoin is just a material thing, we need more careful decision making before we will try to pursue the risk with investing in bitcoin.

[suzanne5223]

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.

The best investment rule is to always use 10% of your income as an investment, but after setting aside the emergency funds out of the remaining 90%, I don't see anything bad in cutting down food expense or starving oneself just to invest in the future as something bad if you want to implement a disciplined savings plan while you also invest regularly using the DCA method. Besides, most of the food we eat these days is unhealthy, as it looks, and according to research, most people who reduce their eating habits are healthier than those who fulfill the daily square meal.

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.

You have a point, and after the emergency is set aside out of the discretionary income, there's bad going all in when there's a dip in the market since you're not using the emergency funds.

[philipma1957]

my advice is worthless so i will not give any advice.

I will say I stack and I continue to stack.

My btc grows.

[Ruttoshi]

Newbies can buy Bitcoin aggressively if they have the money to. Being a newbie in Bitcoin doesn't mean they are newbies in life. A newbie can be a billionaire or a millionaire by which affording to go aggressive in Bitcoin will be a good option for him. I think an investor is ready to buy aggressively when he is capable of covering all the necessary expenses in life and have more than enough discretionary income to buy aggressively. As for those newbies who are still struggling financially this advice will be best for them.

The key here is money and everything will be done. Every people can become a Bitcoin investor as long as they know how to start. All of that will depends on how they learn about Bitcoin investment and start when they are ready.

Being aggressive in Bitcoin investment will not be a problem for those who can manage their money. But most people will get in a trouble if they can not covering all the needs expenses because they change their priority. If they can still struggling financially, it is better they start with small amount or waiting until they have more free money.

Becoming Bitcoin investor will be a choice for them and nothing force them to start immediately. That is because all people decision and consideration will not be the same. So they should think much, calculate, and allocate the money.

Of course, a good financial management is needed for you to know how to manage your income and still invest part into bitcoin. Like gou said, a new investor should know how much that he can use to invest into bitcoin so that it wouldn't make him invest over aggressively to avoid misplaced priority.

As little as $10 can be used to invest regularly eveey week and you will get a good size of bitcoin overtime if you cam only be consistent and persistent with your DCA buying.

[KiaKia]

I think you should understand the topic. I didn't just say aggressively, I wrote over-aggressively and I believe that means when you are buying more than the capacity of your discretionary income. Aggressive buying is encouraged because it makes you accumulate bitcoin in a fast pace and you don't do it outside your discretionary income.

You can also consider addressing it as over-leveraging, as this type of investment will end up leading the investor into financial risk; they will end up spending more than they can afford, and when they are hit with a financial crisis, they will have no other option than to sell losses below the purchasing price, which is not a good way to invest and also another reason why investors are advised to have emergency funds.

I am in no shape to advice people to stop buying Bitcoin or to buy more Bitcoin, let them learn their lessons the hard or easy way, with every mistakes comes an improvement unless you choose not to learn from your lessons.

Buying Bitcoin aggressively right now is not even a smart move because Bitcoin is on its finally move to top out, and all your months of accumulating Bitcoin will look like a waste when it retrace back to the 30s in the next bear market.

It's a bit better if you are making a lot of money from your business because even if price goes down to 30k you will still keep buying Bitcoin, but I believe it's better for those who earn less to wait it out before buying Bitcoin right now, it's just my two cent advise.

[Hewlet]

Newbies can buy Bitcoin aggressively if they have the money to. Being a newbie in Bitcoin doesn't mean they are newbies in life. A newbie can be a billionaire or a millionaire by which affording to go aggressive in Bitcoin will be a good option for him. I think an investor is ready to buy aggressively when he is capable of covering all the necessary expenses in life and have more than enough discretionary income to buy aggressively. As for those newbies who are still struggling financially this advice will be best for them.

Sometimes we tend to mix things up when we are talking about newbies and the context with which we address wio a newbie is can sometimes give us a misjudgement when we are giving a general advice on best approach that will work well for an investor. It's almost the same thing with what's happening on the forum where we assume that because you're just getting started in the forum from scratch that it means that your knowledge on bitcoin investment is limited. Even though in some context it can be true, but being new at a thing most expecially as it regards this doesn't mean that you don't have the needed finance that will keep you invested for the long run.

Some newbie investors might even be more disposed to enough capital than old time investors. Some might even be very matured when it comes to understanding how investment works and that will easily help them to invest even aggressively from the start of they so desire. The concept of inverting what one can afford to lose is just a safety nugget that we've used to often that it's now sending a different meaning to investors in believing that the amount that should go into their bitcoin investment is one that they don't need at all.

[traderethereum]

Of course, a good financial management is needed for you to know how to manage your income and still invest part into bitcoin. Like gou said, a new investor should know how much that he can use to invest into bitcoin so that it wouldn't make him invest over aggressively to avoid misplaced priority.

As little as $10 can be used to invest regularly eveey week and you will get a good size of bitcoin overtime if you cam only be consistent and persistent with your DCA buying.

So it is important if we make a plan how we manage our income and split that for all of our needs. We will not face a trouble running all of the plan and our investment will also run properly. A new investor should understanding this to avoid the mistake that other investors did.

Using $10 will be preferable to invest in Bitcoin weekly or monthly. That is not too big and too small but the important thing is we need to adjust our money for the investment. If everything can be done, we can focus with our investment and fill our daily needs. We will be there and reach our goals so we just need to step by step and not stop.

[Agbamoni]

Some newbie investors might even be more disposed to enough capital than old time investors. Some might even be very matured when it comes to understanding how investment works and that will easily help them to invest even aggressively from the start of they so desire. The concept of inverting what one can afford to lose is just a safety nugget that we've used to often that it's now sending a different meaning to investors in believing that the amount that should go into their bitcoin investment is one that they don't need at all.

Most of the newbies you see joining the forum, joined through invite or interest in Bitcoin. I can say most joined through their interested in Bitcoin they found the forum. And yeah, they are traders in Bitcoin, investors in Bitcoin or they are into development and cryptography. Addressing such people as newbies in the Bitcoin world will be completely wrong because they have been in the mindset so when i see topics that generalize why a newbies shouldn't buy aggressively whether they are newbies in the forum or not they can do whatever they like in bitcoin as  long as they have taking the time to study on what they are doing.