Newbies don't buy bitcoin over aggressively.

[Awaklara]

Aggressive buying, provided the newbie is full of knowledge and ready to hold for long time, I would not discouraged such buying because most time the starting of investment may seen lumps sum and if what leads to that level of agreesive buying crackdown one can stick to any of the strategy that suit it's income because money inflow most time is not the same to hold and avoid buying aggressively when is available is of more risky because unplanned can take the money where regret become the order of the day. I remember my first buying of a token which I was holding at a start I bought heavy after a while my expectations cut off I need buy not exact quantity but drop to gradual accumulating.

For beginners, it's actually better not to make aggressive purchases, especially for the first purchase or the few purchases that follow. The concern is the inability of beginners to control their emotions, which can easily disrupt the initial investment plan. We know that because of the excitement in investing, sometimes we also allocate more, especially when the market is in a bullish trend. Beginners often fall into FOMO.

[Tmoonz]

What are your thoughts on this

I don't usually blame people who engage in this kind of practice. The problem originates from those who introduced them to bitcoin and how they perceived the idea of making profits.. most people think they can make profits from BTC over night, by simply using all your money to buy.. but it doesn't work that way. I think people barly even understand the idea behind investments and that should be the very first thing that they have to learn before studying bitcoin investment.. you must be able to create a good investment plan that works with whatever kind of investment you are diving into.. be it BTC or whatever, you should know when to take profits.. bitcoin can't make you rich by spending all your income without thinking of your other expenses.. you must be able to plan properly before partaking in BTC investment..it's a game of psychology and in this game only the strongest wins..

I got your point on the first paragraph which is very much valid and of which many are products of such circumstance and they must have been going through a lot, the importance of good orientation can never be over emphasize because it is a direct function of your investment mindsets and approach, information is very powerful, how it was conveyed and the content of it is very important and even if anyone introduced the next person to bitcoin or any other form of investment it is also their responsibility to make other personal researches and this is one mistake most people makes.

[Daniel91]

Aggressive buying, provided the newbie is full of knowledge and ready to hold for long time, I would not discouraged such buying because most time the starting of investment may seen lumps sum and if what leads to that level of agreesive buying crackdown one can stick to any of the strategy that suit it's income because money inflow most time is not the same to hold and avoid buying aggressively when is available is of more risky because unplanned can take the money where regret become the order of the day. I remember my first buying of a token which I was holding at a start I bought heavy after a while my expectations cut off I need buy not exact quantity but drop to gradual accumulating.

For beginners, it's actually better not to make aggressive purchases, especially for the first purchase or the few purchases that follow. The concern is the inability of beginners to control their emotions, which can easily disrupt the initial investment plan. We know that because of the excitement in investing, sometimes we also allocate more, especially when the market is in a bullish trend. Beginners often fall into FOMO.

I think this is true for many crypto investors, not just beginners.
It is very important to analyze the market well before each investment, and make a specific investment plan, and a clear exit strategy.
It is also very important to learn to control your emotions because we all have some plans at the beginning and how much $$ we would be happy with, but when the cycle of rapid growth in the price of bitcoin starts, emotions become stronger than reason and we deviate from our previous plans (carried away by euphoria), which usually ends badly when the trend changes and the price of bitcoin suddenly drops.
I know many friends who lost a lot of $$$  because they did not follow their plan but became euphoric and wanted more profit.

[Youngrebel]

That's the right spirit offcourse.  Regardless of the present income you have, there are times you have some spare cash, cash which will just be used up because it just came and there are no proper or prio plans for rhe money before it came. Those kind of money no matter how little they are can be directed towards investing it. And this investment could be bitcoin or other means . The main point here is start an investment plan and start it early.   

[Taricoins]

In my experience, I'd usually take this a grain of salt, and just invest maybe just atleast 10% of my income into bitcoin. I'd also try to avoid the hype on all that "this crypto is going up the moon" or "this one will fall and plummet". I'd just simply keep on investing like using DCA. On a reputable and long term crypto like bitcoin of course!

As we say, it is not easy to invest and continue to invest consistently. It is very natural for a new person to be very nervous when he sees his investment going down. But he has to build trust in Bitcoin. In terms of talking, it is very easy to find discretionary income and continue to invest consistently. But when we come to real life, we understand how difficult it is to find discretionary income.

It's not easy that's why there is always an important note to always use money that isn't tagged to anything because that's the only way you can be atleast relaxed when the market is actually facing pressure because thatsbthe time most persons to sell off their investment fearing for the worst.

[Rockstarguy]

That's the right spirit offcourse.  Regardless of the present income you have, there are times you have some spare cash, cash which will just be used up because it just came and there are no proper or prio plans for rhe money before it came. Those kind of money no matter how little they are can be directed towards investing it. And this investment could be bitcoin or other means . The main point here is start an investment plan and start it early.   

Regardless bitcoin is a good investment and an investment that is very profitable,  it makes no sense to invest bitcoin with all your money or without any plans because it is very possible to be an investment that may not end up becoming a successful one.

The idea way yo onvest bitcoin is to invest with discretionary income, and you must be able to plan your income first before you can have discretionary income that can enable one to be able to to invest Bitcoin.

[Smartvirus]

If that's the case then that's where you will hear or read somewhere that a person has lost so much money because they didn't do what many people suggested or follow the advice given to them when they haven't started investing or other ways to earn money and learned a lesson that is very expensive either hodl for long term or even short term. One of the many reasons might be not having a backup of the wallet or being a victim of phishing sites or got scammed.

That it’s the word on the lips of everyone doesn’t mean it’s right or should be adhered to. When you come across certain statements and you are not fully convinced, the next step is for you to DYOR and define certain terms to what’s before you as well as how you can approach it. That would be the base to you not having regrets or when you do, you would be able to suck it up.

The idea still remains, invest what you can afford to lose but, there are those that have as well gone all in, taken risk over the years and made it out successfully. You might not fit in their shoes but, it’s a step and people take them. You just have to see means out in any eventuality before embarking.

Mind you, don’t let greed lead your investment decisions else, it’s often bound for losses more than not.

[terrific]

That's the right spirit offcourse.  Regardless of the present income you have, there are times you have some spare cash, cash which will just be used up because it just came and there are no proper or prio plans for rhe money before it came. Those kind of money no matter how little they are can be directed towards investing it. And this investment could be bitcoin or other means . The main point here is start an investment plan and start it early.   

Yeah, that's the main point that others are ignoring.
For as long as they're able to invest with the little that they have, they're preparing themselves for something bigger.
Bigger investments, bigger potential profits and anything that they can do with it later.
And it's normal for the newbies to test the waters before they begin investing heavily when they've seen that there's a bigger chance to have a positive result.

[Alone055]

That's the right spirit offcourse.  Regardless of the present income you have, there are times you have some spare cash, cash which will just be used up because it just came and there are no proper or prio plans for rhe money before it came. Those kind of money no matter how little they are can be directed towards investing it. And this investment could be bitcoin or other means . The main point here is start an investment plan and start it early.   

Well, it actually barely happens when a human being, especially someone managing a family, won't have a plan for spending money, because there are always plans that require funding, and you are basically waiting for funds to come in so that you can do that thing, unless someone has a very high income and they have everything else covered and whatever they get after that is all spare cash that they can use for something extra apart from necessary expenses and savings, which could be an investment or anything.

I believe investments should only be made once we have everything else covered, like general expenses, savings, emergency funds, and everything else that you know is more important for either your present or your future. I know that investments are also good for the future, but emergency funds and savings are more important, and they should be prioritized. So, yeah, I agree that we should use funds that are spare, but those funds should be spared after covering everything I have mentioned above, otherwise, it's not spare money but you are making it that.

[PocketAurora]

I agree with this a lot, speaking as someone who came into crypto as a newbie and learned the "stress tax" the hard way.

Early on, I tried to buy too aggressively, not starving myself, but definitely dipping into money that should've been left alone. The result wasn't even the market, it was me. Every small dip felt like an emergency because I knew I wasn't comfortable if something came up. That's when people panic sell, not because they don't believe in Bitcoin, but because they overcommitted.

Once I switched to a simple DCA from actual extra cash, it got way easier to hold. I stopped checking the price every hour, dips didn't feel personal, and it felt more like a long-term plan instead of gambling.

For me, the biggest rule became: if buying BTC makes your real life unstable, you're doing it wrong. The goal is to stack over time and still sleep at night.

[ChocolateBitcoinK]

That's the right spirit offcourse.  Regardless of the present income you have, there are times you have some spare cash, cash which will just be used up because it just came and there are no proper or prio plans for rhe money before it came. Those kind of money no matter how little they are can be directed towards investing it. And this investment could be bitcoin or other means . The main point here is start an investment plan and start it early.   

Regardless bitcoin is a good investment and an investment that is very profitable,  it makes no sense to invest bitcoin with all your money or without any plans because it is very possible to be an investment that may not end up becoming a successful one.

The idea way yo onvest bitcoin is to invest with discretionary income, and you must be able to plan your income first before you can have discretionary income that can enable one to be able to to invest Bitcoin.

No matter how good the potential of Bitcoin is, there is never a guarantee. And this is why we should never make decisions outside our financial capacity when it comes to Bitcoin investment. There is good potential in the long term, but at the same time there is a lot of risk in the short term, so if the money invested is not our discretionary money or it is necessary money, then of course we will not be able to hold it long term, and Bitcoin will not bring us good results in the short term, that is, its results will ultimately be in the face of losses at the end. That is why we must invest money that is not allocated for any important work, and that we can hold it in the long term without any problems, and such money will come to you only when you earn, Because until you start earning, no money is unnecessary to you.

[Publictalk792]

No matter how good the potential of Bitcoin is, there is never a guarantee. And this is why we should never make decisions outside our financial capacity when it comes to Bitcoin investment. There is good potential in the long term, but at the same time there is a lot of risk in the short term, so if the money invested is not our discretionary money or it is necessary money, then of course we will not be able to hold it long term, and Bitcoin will not bring us good results in the short term, that is, its results will ultimately be in the face of losses at the end. That is why we must invest money that is not allocated for any important work, and that we can hold it in the long term without any problems, and such money will come to you only when you earn, Because until you start earning, no money is unnecessary to you.

Without clear financial plan, investing in Bitcoin is dangerous due to fact you can likely be forced to sell at loss in case you have to pay rent or fix emergency. Best investors will be those who simply use extra and leftover cash which will not be needed within few years because they would remain calm when prices fall unexpectedly. When you put in needed money, you are gambling your survival but when you use extra money, you will not be having emotional pressure and will be able to wait until you get in on long term profits. Yet all in all, security of your investment is sometimes more on your personal bank account other than on market price as long as you do not need money tomorrow you can easily handle changes of market today. When you only invest what you have made after meeting basic needs, you won't make Bitcoin source of stress and weapon of your own future.

[Merit.s]

That's the right spirit offcourse.  Regardless of the present income you have, there are times you have some spare cash, cash which will just be used up because it just came and there are no proper or prio plans for rhe money before it came. Those kind of money no matter how little they are can be directed towards investing it. And this investment could be bitcoin or other means . The main point here is start an investment plan and start it early.   

Yeah, that's the main point that others are ignoring.
For as long as they're able to invest with the little that they have, they're preparing themselves for something bigger.
Bigger investments, bigger potential profits and anything that they can do with it later.
And it's normal for the newbies to test the waters before they begin investing heavily when they've seen that there's a bigger chance to have a positive result.

It doesn't matter how much is your extra cash, what matters most is your consistency in your bitcoin accumulation. If you become greedy and think you can get rich quickly from bitcoin, you only joking because it takes time for your bitcoin investment to mature and give you good profits during the bull run. This is the main reason why you shouldn't use funds for your basic needs to invest in bitcoin because you are going to sell it when it's not of your will. Since the need of that money will pop up.

Invest with the amount of money that you can afford to lose so that, you can hodli for long.

[finaleshot2016]

That's the right spirit offcourse.  Regardless of the present income you have, there are times you have some spare cash, cash which will just be used up because it just came and there are no proper or prio plans for rhe money before it came. Those kind of money no matter how little they are can be directed towards investing it. And this investment could be bitcoin or other means . The main point here is start an investment plan and start it early.   

Yeah, that's the main point that others are ignoring.
For as long as they're able to invest with the little that they have, they're preparing themselves for something bigger.
Bigger investments, bigger potential profits and anything that they can do with it later.
And it's normal for the newbies to test the waters before they begin investing heavily when they've seen that there's a bigger chance to have a positive result.

It doesn't matter how much is your extra cash, what matters most is your consistency in your bitcoin accumulation. If you become greedy and think you can get rich quickly from bitcoin, you only joking because it takes time for your bitcoin investment to mature and give you good profits during the bull run. This is the main reason why you shouldn't use funds for your basic needs to invest in bitcoin because you are going to sell it when it's not of your will. Since the need of that money will pop up.

Invest with the amount of money that you can afford to lose so that, you can hodli for long.

True, as long as you're consistent to what you're doing especially accumulating a lot of BTC, then you'll be good someday. Even it's just a small amount but consistent, you'll be profitable after many years. As long as it's just extra money and afford to lose anytime, then it's good than giving all of your portfolio to an asset that could give you headache someday. Be consistent to what you're doing and just don't be aggressive on giving more to it, it's not ideal and efficient, the more efficient way is to have good entries even if it's small amount, you're good to go. If you want a better perspective, check the yearly chart, it'll give you vision on what's waiting after few years.

[ChocolateBitcoinK]

That's the right spirit offcourse.  Regardless of the present income you have, there are times you have some spare cash, cash which will just be used up because it just came and there are no proper or prio plans for rhe money before it came. Those kind of money no matter how little they are can be directed towards investing it. And this investment could be bitcoin or other means . The main point here is start an investment plan and start it early.   

Yeah, that's the main point that others are ignoring.
For as long as they're able to invest with the little that they have, they're preparing themselves for something bigger.
Bigger investments, bigger potential profits and anything that they can do with it later.
And it's normal for the newbies to test the waters before they begin investing heavily when they've seen that there's a bigger chance to have a positive result.

It doesn't matter how much is your extra cash, what matters most is your consistency in your bitcoin accumulation. If you become greedy and think you can get rich quickly from bitcoin, you only joking because it takes time for your bitcoin investment to mature and give you good profits during the bull run. This is the main reason why you shouldn't use funds for your basic needs to invest in bitcoin because you are going to sell it when it's not of your will. Since the need of that money will pop up.

Invest with the amount of money that you can afford to lose so that, you can hodli for long.

Long-term mindset and consistency are important for Bitcoin investment, your investment amount may be small but if you maintain it consistently and for a long time then this small amount will eventually become a very large amount, that is why consistency and long-term stability are necessary.

But if we think of short-term success even with a large amount of money, then it is very risky and it will expose us to losses with a high probability, that is why we need to understand the clear differences between these things, Bitcoin is very volatile but in the long term it is very promising.
So we need to avoid volatility and focus on long-term potential so that we can move forward to achieve that long-term success. The more you think about the shortcut to getting rich, the higher your risk will be, getting rich is not easy, it is a long-term journey so we must maintain a long-term mindset to achieve good success.

[Big Dirams]

It doesn't matter how much is your extra cash, what matters most is your consistency in your bitcoin accumulation. If you become greedy and think you can get rich quickly from bitcoin, you only joking because it takes time for your bitcoin investment to mature and give you good profits during the bull run. This is the main reason why you shouldn't use funds for your basic needs to invest in bitcoin because you are going to sell it when it's not of your will. Since the need of that money will pop up.

Invest with the amount of money that you can afford to lose so that, you can hodli for long.

A word is enough for the wise. You really did said the true facts here OP, having quick profits mindset when investing is just an inappropriate way to approach investing most especially when it comes to digital currency and bitcoin to be precise. when we know how it price movements shifts within short period of time and how volatile it is.
Investing in bitcoin needs total patience and calm mindset, we do not need to rush and be hasty of making quick profits because when we do then we will need to sell off our holdings at the wrong timing and that not how we want our investments Journey to end. When we make up our mind in investing in bitcoin we need to be very persistent and disciplined to our strategies no matter what and staying patient helps the process.  

[Churchillvv]

It doesn't matter how much is your extra cash, what matters most is your consistency in your bitcoin accumulation. If you become greedy and think you can get rich quickly from bitcoin, you only joking because it takes time for your bitcoin investment to mature and give you good profits during the bull run. This is the main reason why you shouldn't use funds for your basic needs to invest in bitcoin because you are going to sell it when it's not of your will. Since the need of that money will pop up.

Invest with the amount of money that you can afford to lose so that, you can hodli for long.

A word is enough for the wise. You really did said the true facts here OP, having quick profits mindset when investing is just an inappropriate way to approach investing most especially when it comes to digital currency and bitcoin to be precise. when we know how it price movements shifts within short period of time and how volatile it is.
Investing in bitcoin needs total patience and calm mindset, we do not need to rush and be hasty of making quick profits because when we do then we will need to sell off our holdings at the wrong timing and that not how we want our investments Journey to end. When we make up our mind in investing in bitcoin we need to be very persistent and disciplined to our strategies no matter what and staying patient helps the process.  

In there any good investment that doesn't require all this? because same application of all this you made mention in anything in life will guarantee better success, however i am not sure in todays world with the price of bitcoin and how history has been able to repeat itself till this day, no one will want to try to play smart with bitcoin by doing a quick profit thing as their is more evidence that its the wrong approach to investment.

this days i seem to be disagreeing with general opinion of people, just believe self examination rules investment this as you can just do what ever you want as long it favors your pocket and earns, being able to cope with investment and running your life smoothly.

[icebar]

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

Who have a good idea about Bitcoin must know that if you can invest in the long term, it is possible to make profit easily. There are some investors who are interested in investing in Bitcoin, but they start investing without reviewing the investment very well, as a result of which they face various complications in the middle. In some cases, it is not possible to hold Bitcoin.

Before investing in Bitcoin, the investor must give the most importance to his income. If investors who have a discretionary income do DCA and keep a part of that income in Bitcoin, then he will definitely be able to invest in the long term. If he tries to invest aggressively from time to time in addition to regular investment, I will definitely support it. Those investors are suitable for aggressive investment. If they can increase their income, they can buy more Bitcoin. But for those who do not have a good understanding of Bitcoin and do not have any opportunity for a regular income, that is, are not financially well-off, aggressive investment will be not appropriate for them.

[Mame89]

Yeah, that's the main point that others are ignoring.
For as long as they're able to invest with the little that they have, they're preparing themselves for something bigger.
Bigger investments, bigger potential profits and anything that they can do with it later.
And it's normal for the newbies to test the waters before they begin investing heavily when they've seen that there's a bigger chance to have a positive result.

It doesn't matter how much is your extra cash, what matters most is your consistency in your bitcoin accumulation. If you become greedy and think you can get rich quickly from bitcoin, you only joking because it takes time for your bitcoin investment to mature and give you good profits during the bull run. This is the main reason why you shouldn't use funds for your basic needs to invest in bitcoin because you are going to sell it when it's not of your will. Since the need of that money will pop up.

Invest with the amount of money that you can afford to lose so that, you can hodli for long.

True, as long as you're consistent to what you're doing especially accumulating a lot of BTC, then you'll be good someday. Even it's just a small amount but consistent, you'll be profitable after many years. As long as it's just extra money and afford to lose anytime, then it's good than giving all of your portfolio to an asset that could give you headache someday. Be consistent to what you're doing and just don't be aggressive on giving more to it, it's not ideal and efficient, the more efficient way is to have good entries even if it's small amount, you're good to go. If you want a better perspective, check the yearly chart, it'll give you vision on what's waiting after few years.

Yes. Beginners should have a long-term mindset when it comes to Bitcoin buy small, consistent amounts and hold for years, rather than short term trading. Because beginners shouldn't buy Bitcoin too aggressively, it's perfectly reasonable, especially in current market conditions.

While Bitcoin has significant upside potential in the future, many say it's a valuable asset for hedging. However, starting too aggressively can lead to discouragement especially as a beginner, or even total losses. This is especially true if beginners aggressively buy Bitcoin by going all-in due to FOMO, which often results in significant losses. So, it's better to go slow, be consistent and use money you can afford to lose.