Newbies don't buy bitcoin over aggressively.

[Salahmu]

Millionaires and billionaires can still make bad investment decisions because they are rich doesn't mean they can't get broke again. You need to be careful when making investments unless you have a budget amount of money that you are ready to risk for anything and take whatever happens as your lesson.

Of course there is no exceptions to a bad investment weather the person is a millionaire, billionaire and average person, nobody has a perfect knowledge that we can say that they can never make a bad choices because aside from all the money they have they are also a normal individual with a kind of sense everybody has, so they can also make the same mistake others can do but the measure and extent at which the mistake resulted can make someone who is a millionaire become poor immediately, so that's why investment needs to be accurately checked before action because bad investment is the quickest way to becoming poor.

[Obim34]

First of all , an investor is to invest in bitcoin using his discretionary income and this should be after paying for all his expenses and also an investor is not supposed to invest more than what he can not afford to lose into bitcoin .so buying bitcoin aggressively without over doing it is not wrong, reason being that an investor can decide to be investing 70% to 80% of discretion into bitcoin and this is what aggressively buying of bitcoin is, so he can only be overdoing it when he uses money for his family needs to accumulate bitcoin.Another investors can decide to be using 5 to 10% of their discretion and this is term as being wwhimpy.To me there is nothing wrong with accumulating bitcoin aggressively, continuously and persistently, it is only when one is over doing, by stretching oneself using funds that is meant for other needs to buy bitcoin that is being over aggressive.

I also agree that there is no problem when someone wants to collect Bitcoin aggressively, provided that he does not use the money for his primary needs. For example, if someone is so confident in Bitcoin to be held in the long term, then he uses most of the money from his income, and this is very good, in fact this is the best way for anyone who can do it, but it should also be noted that it is not that easy to do it, it takes persistence and consistency to make it happen. However, I prefer the DCA or Dollar Cost-Averaging method for investing in Bitcoin, as it is the easiest way for me.

When talking about purchasing Bitcoin aggressively, it means purchasing with funds that are not supposed to go into investment, their is no other explanation to it. Bitcoin investment is not compulsory to the extent where it only matters in your day thinking or list of achievements. First, make sure all your needs as a human are supplied, and make yourself comfortable with your spending in a way you don't tamper with your investment when you approach Bitcoin investment.

Aggressive investment will not always end good, moderately pick your strategy and implement it just like you said about choosing to DCA, everyone has their own source of income and how conveniently they can release funds for investment purposes.

[Tungbulu]

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

An investor needs to be alive to enjoy his profits. Therefore, there is no need to compromise shelter, food, health, education, and other important needs because you want to invest in Bitcoin. It is not bad to make some sacrifices because you want to save and invest. But it should be done in moderation.

Life events are not predictable, so it is also vital to have backup or emergency funds. Setting out these funds will help to cushion the effect of emergency needs that might force an investor to sell off prematurity.

You've said it all. Inasmuch as it's investing or saving for the the future is essential, it'll be even more disastrous to neglect today's needs. All the things you've listed above are human's basic needs, and if I just say correctly, these should come first before any other thing.

The mistake that most people often make is priority displacement, and this could be mostly seen in newbies who have become too enthusiastic about accumulating Bitcoin for their future, and this is a major misconception that should be corrected.

[Tmoonz]

First of all , an investor is to invest in bitcoin using his discretionary income and this should be after paying for all his expenses and also an investor is not supposed to invest more than what he can not afford to lose into bitcoin .so buying bitcoin aggressively without over doing it is not wrong, reason being that an investor can decide to be investing 70% to 80% of discretion into bitcoin and this is what aggressively buying of bitcoin is, so he can only be overdoing it when he uses money for his family needs to accumulate bitcoin.Another investors can decide to be using 5 to 10% of their discretion and this is term as being wwhimpy.To me there is nothing wrong with accumulating bitcoin aggressively, continuously and persistently, it is only when one is over doing, by stretching oneself using funds that is meant for other needs to buy bitcoin that is being over aggressive.

I also agree that there is no problem when someone wants to collect Bitcoin aggressively, provided that he does not use the money for his primary needs. For example, if someone is so confident in Bitcoin to be held in the long term, then he uses most of the money from his income, and this is very good, in fact this is the best way for anyone who can do it, but it should also be noted that it is not that easy to do it, it takes persistence and consistency to make it happen. However, I prefer the DCA or Dollar Cost-Averaging method for investing in Bitcoin, as it is the easiest way for me.

When talking about purchasing Bitcoin aggressively, it means purchasing with funds that are not supposed to go into investment, their is no other explanation to it. Bitcoin investment is not compulsory to the extent where it only matters in your day thinking or list of achievements. First, make sure all your needs as a human are supplied, and make yourself comfortable with your spending in a way you don't tamper with your investment when you approach Bitcoin investment.

Aggressive investment will not always end good, moderately pick your strategy and implement it just like you said about choosing to DCA, everyone has their own source of income and how conveniently they can release funds for investment purposes.

There is nothing absolutely wrong buying Bitcoin aggressively provided that whatever you have considered to be your basic needs are already taken care of, if the you get the op concept correctly you will understand that he is talking about not being overly aggressive in investment which of course is very bad and that is talking about buying with the funds that are not meant for your investment, for clarity and for a better understanding there is a different between being aggressive and being overly aggressive, check the difference and change your narrative.

[Fiasem20]

Whether merely or overly aggressive, it's not advisable for a newbie to invest aggressively.Being a newbie on the crypto space literally means you're a novice and you don't know much about the space so why not invest on what you can afford to lose.Many newbies think Bitcoin is a get quick rich investment that's why they want to accumulate over aggressively with the mindset of withdrawing their holdings in a short interval.It's right time many newbies should know that bitcoin investment is not a saving box where it's broken at the end of the year to know how much one have saved so far,bitcoin investment is beyond that,it's for the long term.Accumulating over aggressively doesn't mean you will tamper on your holdings when you're financially strained,that's what I don't think a beginner can do so in essence a newbie ought to invest with the DCA strategy to reduce financial stress.

[Tmoonz]

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.

By being overly aggressive here does not only include the newbie both the experience investors that has been in the environment long enough, it is most important that we identify or understand our limits based on our income flow and the level of our discretionary income and stay within it without overly doing things because it is reasonably and wise decision to take good care of both our personal needs and also our investment is in order which of course our basic should always come first.

[Baki202]

There is nothing absolutely wrong buying Bitcoin aggressively provided that whatever you have considered to be your basic needs are already taken care of, if the you get the op concept correctly you will understand that he is talking about not being overly aggressive in investment which of course is very bad and that is talking about buying with the funds that are not meant for your investment, for clarity and for a better understanding there is a different between being aggressive and being overly aggressive, check the difference and change your narrative.

The most important thing is that the interest in buying is there. The most important thing is that everything will be under control; that is the only way to make things easier because without interest, there is no way that you will want to buy, and after interest comes, the only challenge will now be funds for upkeep because if you invest, you need money for feeding and many more so that you don't sell your assets, and this is why either a job or another source of income will be needed to enjoy your investment. and I think when it gets to being overaggressive, it means that realization has set in. That way, you will be able to invest, so this is why it is very important that people know this on time.

[justinlamode]

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.

By being overly aggressive here does not only include the newbie both the experience investors that has been in the environment long enough, it is most important that we identify or understand our limits based on our income flow and the level of our discretionary income and stay within it without overly doing things because it is reasonably and wise decision to take good care of both our personal needs and also our investment is in order which of course our basic should always come first.

If the investor is able to properly allocate his finances to the key sectors of basic needs, emergency fund, then investment fund, I don't think this issue of aggressive investing will be a thing to worry about. It only become a thing when the investor fails to set up an emergency fund or use money for basic needs to invest in Bitcoin, which is something wrong that can put him in trouble in a short time. Being aggressive could simply mean cutting down on leisures and other optional spendings and rerouting those funds into Bitcoin.

[Hyphen(-)]

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 I see the topic, I was trying to interpret it in another way, but this your above statement explains your content better, if not, aggressive buying of Bitcoin is good because it is a sign that someone really care for Bitcoin and wants to buy by all means for investment purposes; but taking some loan to buy Bitcoin is not proper because you might sell when the owner of the money needs their money and it might be down then which u will sell at lost, so it is better you use your personal money to invest in Bitcoin.

Nevertheless, if you don’t have money and you wants to invest in Bitcoin, it is not a must that you must invest once because it not something you must buy big at once; you can use the DCA method which simply allows you to buy with any amount you have at anytime you have the money. Also make sure you invest the amount you can afford to lose because despite the fact that Bitcoin is reliable, you might do mistake in your wallets or get hacked depending on where you save your Bitcoin, as a result of that, you will have no one to blame, that is why you are advices to invest what you can afford to lose.

[Becassine]

With inflation and the crazy prices of housing and food, it's not easy to put money aside for DCA. If you have children, it becomes downright complicated on a modest salary. There's the 50/30/20 rule: a popular method that suggests allocating 50% of income to essential needs, 30% to desires (what is important I find), and 20% to savings and debt repayment . But that's without taking into account the cost of living, which is skyrocketing everywhere...

[Derekfunds]

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.

By being overly aggressive here does not only include the newbie both the experience investors that has been in the environment long enough, it is most important that we identify or understand our limits based on our income flow and the level of our discretionary income and stay within it without overly doing things because it is reasonably and wise decision to take good care of both our personal needs and also our investment is in order which of course our basic should always come first.

If the investor is able to properly allocate his finances to the key sectors of basic needs, emergency fund, then investment fund, I don't think this issue of aggressive investing will be a thing to worry about. It only become a thing when the investor fails to set up an emergency fund or use money for basic needs to invest in Bitcoin, which is something wrong that can put him in trouble in a short time. Being aggressive could simply mean cutting down on leisures and other optional spendings and rerouting those funds into Bitcoin.

This make sense a lot, and the Op should not put this to newbie or beginners because not only beginners invest over aggressively even old invest and people that are in between old and new do also invest over aggressively but the thing is investing over aggressively is not a crime neither is it a wrong approach in Bitcoin investment but it will only become wrong or crime for that Investor if he or she didn't prepare himself. However, preparation is the master key for every investment and a good and wise investor should know this because without preparation you will surely run into problem that you might have no option than to sell your investment.

[Tmoonz]

Millionaires and billionaires can still make bad investment decisions because they are rich doesn't mean they can't get broke again. You need to be careful when making investments unless you have a budget amount of money that you are ready to risk for anything and take whatever happens as your lesson.

Of course there is no exceptions to a bad investment weather the person is a millionaire, billionaire and average person, nobody has a perfect knowledge that we can say that they can never make a bad choices because aside from all the money they have they are also a normal individual with a kind of sense everybody has, so they can also make the same mistake others can do but the measure and extent at which the mistake resulted can make someone who is a millionaire become poor immediately, so that's why investment needs to be accurately checked before action because bad investment is the quickest way to becoming poor.

You  points really make lots of sense of course no one knows it all and we are all vulnerable to make mistakes at some point and in most cases it is even the wealthy people that makes most of the mistakes just that they may have a better ways of covering it up without the knowledge of any one, they may even have rich friends too that can reach out to them in difficult time aiding them not to have felt much of the impact of this mistake. However, making mistakes in investment is a not a respecter of any man class or whatever hence it is crucial that we attempt to make informed decisions that will reduce the vulnerability making bad investment decisions or approach.

[Zackz5000]

Whether merely or overly aggressive, it's not advisable for a newbie to invest aggressively.Being a newbie on the crypto space literally means you're a novice and you don't know much about the space so why not invest on what you can afford to lose.Many newbies think Bitcoin is a get quick rich investment that's why they want to accumulate over aggressively with the mindset of withdrawing their holdings in a short interval.It's right time many newbies should know that bitcoin investment is not a saving box where it's broken at the end of the year to know how much one have saved so far,bitcoin investment is beyond that,it's for the long term.Accumulating over aggressively doesn't mean you will tamper on your holdings when you're financially strained,that's what I don't think a beginner can do so in essence a newbie ought to invest with the DCA strategy to reduce financial stress.

There is nothing wrong if a newbie in bitcoin investment want to accumulate Bitcoin aggressively provided he is not overly doing it in a way that it will affect his bitcoin investment, a newbie who is Investing from his discretionary income can decide to accumulate Bitcoin aggressively properly during when bitcoin price is low it could either be from his reserve fund or from his discretionary, where it can be wrong is when such Investor doesn't know his limit that's when to start accumulating and also when to stop so he wont be so carried away.

[Fiasem20]

Whether merely or overly aggressive, it's not advisable for a newbie to invest aggressively.Being a newbie on the crypto space literally means you're a novice and you don't know much about the space so why not invest on what you can afford to lose.Many newbies think Bitcoin is a get quick rich investment that's why they want to accumulate over aggressively with the mindset of withdrawing their holdings in a short interval.It's right time many newbies should know that bitcoin investment is not a saving box where it's broken at the end of the year to know how much one have saved so far,bitcoin investment is beyond that,it's for the long term.Accumulating over aggressively doesn't mean you will tamper on your holdings when you're financially strained,that's what I don't think a beginner can do so in essence a newbie ought to invest with the DCA strategy to reduce financial stress.

There is nothing wrong if a newbie in bitcoin investment want to accumulate Bitcoin aggressively provided he is not overly doing it in a way that it will affect his bitcoin investment, a newbie who is Investing from his discretionary income can decide to accumulate Bitcoin aggressively properly during when bitcoin price is low it could either be from his reserve fund or from his discretionary, where it can be wrong is when such Investor doesn't know his limit that's when to start accumulating and also when to stop so he wont be so carried away.

I never said it's wrong for a newbie to invest aggressively,by right everyone makes decisions on their own,and I only said it's not advisable for a newbie to start aggressively.Do you know what? starting strong and finishing strong is the main deal,many newbies think starting aggressively will give them a decent profit over night, remember bitcoin is not a get quick rich investment.Morever,how consistent will they keep investing aggressively?
I really don't get your last writeup,is there a set time to which an investor should start accumulating bitcoin? Don't you know an investor can start even with the little he has because bitcoin is a divisible asset.

[Salahmu]

Of course there is no exceptions to a bad investment weather the person is a millionaire, billionaire and average person, nobody has a perfect knowledge that we can say that they can never make a bad choices because aside from all the money they have they are also a normal individual with a kind of sense everybody has, so they can also make the same mistake others can do but the measure and extent at which the mistake resulted can make someone who is a millionaire become poor immediately, so that's why investment needs to be accurately checked before action because bad investment is the quickest way to becoming poor.

You  points really make lots of sense of course no one knows it all and we are all vulnerable to make mistakes at some point and in most cases it is even the wealthy people that makes most of the mistakes just that they may have a better ways of covering it up without the knowledge of any one, they may even have rich friends too that can reach out to them in difficult time aiding them not to have felt much of the impact of this mistake. However, making mistakes in investment is a not a respecter of any man class or whatever hence it is crucial that we attempt to make informed decisions that will reduce the vulnerability making bad investment decisions or approach.

I agree on this one because the reason why those people mistake is always not too much noticeable is because when something failed for them a replacement is already available but for the poor they will think about it as if there whole live depend on it and because of how it will visibly appear people will easily notice about it from them. So actually in mistakes is general but what is not general is the ability to sustain when the mistake is already done, perhaps that is what they don't have in common because you need money for sustainability and trying for a way through.

[PX-Z]

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. ..

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'm not sure, but for someone who already plans to invest in Bitcoin long term, the reasons you mentioned have likely already been taken into account. Those factors might make someone hesitate when considering a short term purchase, but they're less of a concern for long term investors.

[LogitechMouse]

---
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

It's easy to say this. It's so easy to say that it has been said numerous times already here in the forum, but the reality is that, it's hard to apply whether you're a newbie investor, or has been investing in crypto for quite some time.

When you feel that you can make lots of money by investing into Bitcoin, you will have this feeling where if you will put a larger amount of money, you will make more money as well hence, they will be putting money that they can't afford to lose. I've seen it with many investors already where they're having regrets and disappointment of themselves because of going all-in into Bitcoin or other altcoins only to end up losing in the end. Yes, Bitcoin is a safe investment, but it isn't 100% lose-proof and at some point, you will still lose some money investing into it.

If I would rephrase the bolded text, I would say "Invest if you can invest, but be ready with the consequences that you can face along the way." Also, this might be a bit negative, but if you can take a loan, go for it and buy Bitcoin. I'm not saying that you can do it anytime, but there are some factors to consider like the current state of the market, and the income that you have.

[SuperBitMan]

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

An investor needs to be alive to enjoy his profits. Therefore, there is no need to compromise shelter, food, health, education, and other important needs because you want to invest in Bitcoin. It is not bad to make some sacrifices because you want to save and invest. But it should be done in moderation.

Life events are not predictable, so it is also vital to have backup or emergency funds. Setting out these funds will help to cushion the effect of emergency needs that might force an investor to sell off prematurity.

You've said it all. Inasmuch as it's investing or saving for the the future is essential, it'll be even more disastrous to neglect today's needs. All the things you've listed above are human's basic needs, and if I just say correctly, these should come first before any other thing.

The mistake that most people often make is priority displacement, and this could be mostly seen in newbies who have become too enthusiastic about accumulating Bitcoin for their future, and this is a major misconception that should be corrected.

You are correct Tungbulu, that is why I always advise people to use only there discretionary income to buy or invest in Bitcoin because if you use money meant to pay or settle important bills to accumulate Bitcoin how will you now settle those important things that you left, yes Bitcoin investment is important but not more important than food, cloth, shelter, water and many things, so don't use money you are suppose to use for paying of important bills to accumulate Bitcoin.

Yes some newbies when they come into Bitcoin investment they see there self as been in the back so they try everything possible to make sure they meet up and that always lead to accumulate aggressively and in that process of being aggressive they don't have a backup funds and they are still using money meant for paying important bills to accumulate Bitcoin, this attitude has lead a lot of newbies into a financial set back.
If you are a newbie into Bitcoin investment just know that you are not late, bitcoin will get to $500k and $1 million so just be investing and HOLDING using only your Discretionary income.

[Tungbulu]

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

An investor needs to be alive to enjoy his profits. Therefore, there is no need to compromise shelter, food, health, education, and other important needs because you want to invest in Bitcoin. It is not bad to make some sacrifices because you want to save and invest. But it should be done in moderation.

Life events are not predictable, so it is also vital to have backup or emergency funds. Setting out these funds will help to cushion the effect of emergency needs that might force an investor to sell off prematurity.

✂️✂️✂️

You are correct Tungbulu, that is why I always advise people to use only there discretionary income to buy or invest in Bitcoin because if you use money meant to pay or settle important bills to accumulate Bitcoin how will you now settle those important things that you left, yes Bitcoin investment is important but not more important than food, cloth, shelter, water and many things, so don't use money you are suppose to use for paying of important bills to accumulate Bitcoin.

Yes some newbies when they come into Bitcoin investment they see there self as been in the back so they try everything possible to make sure they meet up and that always lead to accumulate aggressively and in that process of being aggressive they don't have a backup funds and they are still using money meant for paying important bills to accumulate Bitcoin, this attitude has lead a lot of newbies into a financial set back.
If you are a newbie into Bitcoin investment just know that you are not late, bitcoin will get to $500k and $1 million so just be investing and HOLDING using only your Discretionary income.

This in fact is the major biases that influences most newbies investors' decisions when they newly begin their accumulation journey. They often look at the progress of other investors and they forget that everyone has their own individual financial plans, goals and even requirements, and when they see other investors with totally different financial plans from theirs, accumulating more bitcoin than they are, they immediately feel unserious of left out and then immediately feel the need to increase their accumulation pace and aggressiveness, and then later on, they start getting affected by this decision.

That is why it's always important for every investor, newbie or not, to first of all evaluate their financial position, in order to help them in identifying and understanding their financial requirements from their investments, then this can further aid the investor to set their financial goals and also device the best strategy to help them achieve those goals and also avoid future financial strains.

[Ishicryptic]

With inflation and the crazy prices of housing and food, it's not easy to put money aside for DCA. If you have children, it becomes downright complicated on a modest salary. There's the 50/30/20 rule: a popular method that suggests allocating 50% of income to essential needs, 30% to desires (what is important I find), and 20% to savings and debt repayment . But that's without taking into account the cost of living, which is skyrocketing everywhere...

If your income is not enough to cover for your basic needs there is no need to start a DCA method because when you are broke and not able to take care of the important needs you will be pressured to sell your Bitcoin prematurely. Many newbie investors don't understand this and they will be too excited to cash in on Bitcoin profits that they have heard so much about without considering their present condition whether they can conveniently remove funds to invest. Make sure that you are quite comfortable financially before going into Bitcoin investment so that you can hold on a long term without any pressure to sell and take care of emergency needs.