Newbies don't buy bitcoin over aggressively.

[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

Makes sense. It's a general rule that we should only invest after meeting our basic needs.
Food and shelter are our basic needs and only after meeting those expenses we can decide what to do with the rest of the money.
DCA is a good strategy for anyone wanting to invest in any asset and I think newbies can set aside some money and split it into 2-3 parts so that they can invest it into bitcoin at different intervals.
They won't have to worry about bitcoin volatility in this case since they will be buying at every dips.

No need for splitting any money, anyone who is going into bitcoin investment should use only his discretionary income, so you don't really need to split anything all you have to do is to settle all your basic needs the remaining money which is also called discretionary income is what you can use to invest in Bitcoin.
If you are using your discretionary income you don't have to worry about anything or you need to do is to focus on accumulating weekly or monthly, those that usually do this are those who are prepared to be holding for a very long time, those who are short-term holders also called traders usually don't use this strategy they sometimes invest with not only their discretionary income but money for there basic needs.
Yes those that are long term investors in Bitcoin don't need to worry about dip in Bitcoin and Bitcoin volatile nature.

[Smartvirus]

DCA is a good strategy for anyone wanting to invest in any asset and I think newbies can set aside some money and split it into 2-3 parts so that they can invest it into bitcoin at different intervals.
They won't have to worry about bitcoin volatility in this case since they will be buying at every dips.

The DCA isn’t really about any asset. I say this because, not all asset has the potential to increase in value over time. Some loose value over time due to new models of it being developed or coming into the market. If that be the case, it wouldn’t make sense to invest in such asset would it…?
DCA is a good strategy when you have to consider Bitcoin as an asset. It cuts across its volatile nature and still measures up with its ability to add value to itself. It’s a never lose out strategy.

[pawanjain]

DCA is a good strategy for anyone wanting to invest in any asset and I think newbies can set aside some money and split it into 2-3 parts so that they can invest it into bitcoin at different intervals.
They won't have to worry about bitcoin volatility in this case since they will be buying at every dips.

The DCA isn’t really about any asset. I say this because, not all asset has the potential to increase in value over time. Some loose value over time due to new models of it being developed or coming into the market. If that be the case, it wouldn’t make sense to invest in such asset would it…?
DCA is a good strategy when you have to consider Bitcoin as an asset. It cuts across its volatile nature and still measures up with its ability to add value to itself. It’s a never lose out strategy.

If it is loosing value over time due to newer models being developed then how is it an asset ?
Anything that loses value is a liability and yes, DCAing into a liability is foolishness but in an asset is the best strategy.

[Smartvirus]

If it is loosing value over time due to newer models being developed then how is it an asset ?
Anything that loses value is a liability and yes, DCAing into a liability is foolishness but in an asset is the best strategy.

Okay, let me explain,
People buy luxury goods to serve as an asset right, mainly because they retain at least 60% of their original value and at times, they even find means to increase its value. Some limited edition cars, watches belong to a brand and without having to stray too far off, gold is regarded as an asset right, at least that’s generally accepted that way.

Now picture this, in a typical economic crash like we had in the Covid-19, what happened to the price of these items, they obviously depreciated in value and that’s because, people didn’t pay much attention to these, it wasn’t the basic requirement at the time as what people valued more was food , healthcare and the internet (I just sneaked that in though).

Why is that, the social signaling that is derived from those have had a switch, people now place preferences and values elsewhere, which could typically depreciate the value of an asset. For some, they recover after an economic crash, for others they don’t.

[pawanjain]

If it is loosing value over time due to newer models being developed then how is it an asset ?
Anything that loses value is a liability and yes, DCAing into a liability is foolishness but in an asset is the best strategy.

Okay, let me explain,
People buy luxury goods to serve as an asset right, mainly because they retain at least 60% of their original value and at times, they even find means to increase its value. Some limited edition cars, watches belong to a brand and without having to stray too far off, gold is regarded as an asset right, at least that’s generally accepted that way.

Now picture this, in a typical economic crash like we had in the Covid-19, what happened to the price of these items, they obviously depreciated in value and that’s because, people didn’t pay much attention to these, it wasn’t the basic requirement at the time as what people valued more was food , healthcare and the internet (I just sneaked that in though).

Why is that, the social signaling that is derived from those have had a switch, people now place preferences and values elsewhere, which could typically depreciate the value of an asset. For some, they recover after an economic crash, for others they don’t.

On paper, we can call these items (limited edition watches, cars etc...) an asset but most of the times, it acts as a liability since people find it hard to sell maintain profits.
So for some people it might be an asset but for many its not. AI call these investments as passion investment (even I am hearing this for the first time).
They pay for these expensive items and enjoy its benefits while some of them get an additional bonus of reselling it for profits.
Got your point though. But still, DCAing is the best strategy for every true asset.

[Inior]

DCA is a good strategy for anyone wanting to invest in any asset and I think newbies can set aside some money and split it into 2-3 parts so that they can invest it into bitcoin at different intervals.
They won't have to worry about bitcoin volatility in this case since they will be buying at every dips.

The DCA isn’t really about any asset. I say this because, not all asset has the potential to increase in value over time. Some loose value over time due to new models of it being developed or coming into the market. If that be the case, it wouldn’t make sense to invest in such asset would it…?
DCA is a good strategy when you have to consider Bitcoin as an asset. It cuts across its volatile nature and still measures up with its ability to add value to itself. It’s a never lose out strategy.

Sure the DCA strategy should be used on long term assets like bitcoin. If anyone uses them on short term projects they might end up regretting in the future. Meme coins are a No and abuse of DCA strategy. Another thing is the potential of the asset which can be calculated from their previous performance. I admit that there are also long term assets other than bitcoin but the difference is the risk potential. Every asset has their risk potential and as a smart investor you should know the value of money you can put into a project without exceeding the risk tolerance.

[Zanab247]

This is a good information for all newbies and assuming I knew this when I started, I would have started better than I did. Then I was so hyped that all I could think of was to buy as much as I can using every available funds. I never considered the need to separate funds for basic needs and investment capital and it affected me jn many ways that sometimes I had to sell some Bitcoin when I can't find a way around  it. Assuming I used only discretionionary income and possibly set up emergency funds, I wouldn't have resorted to my Bitcoin then.

This is what some people don't understand about BTC hodling. Never you think is too late for you to display what you have being finding it hard for you to display, and now that you achieve the knowledge you can apply DCA method to start buying BTC and hodl for long time, because this is the easiest way hodlers can achieve their goal in the future. We know that newbies will surely have story to tell about where they started from to get to where they are now, and that is newbies for you and you will surely experience such testimony from newbies in the community.

You can apply the knowledge since you discover that is working for other investors, because professionals keep telling newbies and old investors to use what they can afford to lose in BTC investment because they know the price can pump higher in few weeks and start dumping in few days for people to use that opportunity to buy again.

[Franklyn-wood]

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

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

Yes being strategic is they key, as it help to calculate the present and the future of the project one is embarking on. I will say experience is the best teacher in everything one is doing in life. As we know that all fingers are not equal and our financial status or means of earning is different from each other, and this can also affect the way we raise funds when ever we have a project at hand.
Some people after getting the basic knowledge about crypto feel excited and can do anything or go any lent to make sure they achieve the purpose. Any one willung to invest in crypto should know it is a long time investment that needs time to grow to maturity.

[Juicyhome]

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

I agree not only in Bitcoin investment, but in life you must put in plan before execute anything, he that doesn't plan has plan to fail, may we not plan to fail in any investment, we must be strategically by knowing your pocket and what you want, having knowledge is not enough but applying the knowledge into use is the main thing.

Newbie should never go into Bitcoin investment because everyone is into it, don't buy because of Fomo, Bitcoin is here but with capital you can hold for long, in Bitcoin investment Patience and holding are must necessary things for one to gain in the investment, isn't an investment you will gain in a short term, newbies should know this thing before indulging in Bitcoin investment.

[Merit.s]

Yes being strategic is they key, as it help to calculate the present and the future of the project one is embarking on. I will say experience is the best teacher in everything one is doing in life. As we know that all fingers are not equal and our financial status or means of earning is different from each other, and this can also affect the way we raise funds when ever we have a project at hand.
Some people after getting the basic knowledge about crypto feel excited and can do anything or go any lent to make sure they achieve the purpose. Any one willung to invest in crypto should know it is a long time investment that needs time to grow to maturity.

The problem is when you come into the cryptospace with the mindset of getting rich quickly, you will always do the wrong thing. This is why nobody should see the cryptospace as a place to double their money within a short time but see it as a means to build and grow wealth for your future.

Basic knowledge isn't enough, it's just a foundation. You need to continue learning as long as you are investing in bitcoin even though, you don't have the capacity to invest consistently with DCA.

[Aanuoluwatofunmi]

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.

[riscohen4]

This is a good information for all newbies and assuming I knew this when I started, I would have started better than I did. Then I was so hyped that all I could think of was to buy as much as I can using every available funds. I never considered the need to separate funds for basic needs and investment capital and it affected me jn many ways that sometimes I had to sell some Bitcoin when I can't find a way around  it. Assuming I used only discretionionary income and possibly set up emergency funds, I wouldn't have resorted to my Bitcoin then.

That kind of hype that comes in when a person just newly entered bitcoin or investment world, can make a person forget that they have other responsibilities. People mostly focus on making potential profit alone, no balance at all. The truth is that investment isn’t supposed to affect your basic needs.
If a person doesn’t separate their money like keeping their, feeding money, bills, Emergency. From the money they want to invest with, it may lead to serious pressure. And when pressure enters, it can result to poor decision making, such as selling your bitcoin at the wrong time just to handle urgent problems.
If only they use their discretionary income and keep their emergency funds aside, things might be more stable. Even if the market goes down, you won’t panic because your daily life doesn’t depend on that investment.
Conclusively, don’t rush, don’t over hype. Plan well,  control your emotions, and always protect your basic needs first before you invest.

True, a lot of people just enter Bitcoin and get carried away by the hype, forgetting that life still has basic needs to cover. And once there is no longer clear separation between living money and investment money, pressure will always eat that person up at some point.

And like you said, that pressure is what pushes people into bad decisions, especially selling at the wrong time just because something urgent came up.

[kawetsriyanto]

The problem is when you come into the cryptospace with the mindset of getting rich quickly, you will always do the wrong thing. This is why nobody should see the cryptospace as a place to double their money within a short time but see it as a means to build and grow wealth for your future.

Agree. People mustn't have a mindset to rich instantly. It is investment, not gambling. In investment, it requires a long time to gain profits. Those people who understand Bitcoin or crypto investment, they must be aware that investment in this space needs a patient because we must deal with any FUDs and it takes for few years to return to best prices. But I don't blame the people who want to double their money, they just need to do in a proper way!

Basic knowledge isn't enough, it's just a foundation. You need to continue learning as long as you are investing in bitcoin even though, you don't have the capacity to invest consistently with DCA.

Indeed. In Bitcoin investment, mentality and experience are 2 other factors that people need to have. Whether people invest with DCA or other strategies, they must ensure to have those other factors. It is because strong mentality and sufficient experience are need to deal with varied challenges here.

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~

Sure, Bitcoin is high risk investment, it shouldn't with an aggressive approach. To avoid possible mistakes, we must ensure to decide anything with calm and deep analysis. Good understanding and proper analysis aren't easy to do. This can be achieved by learning constantly and it takes a process. So I agree there are procedures and levels that we need to pass gradually.

[Olatundespo]

DCA is a good strategy for anyone wanting to invest in any asset and I think newbies can set aside some money and split it into 2-3 parts so that they can invest it into bitcoin at different intervals.
They won't have to worry about bitcoin volatility in this case since they will be buying at every dips.

The DCA isn’t really about any asset. I say this because, not all asset has the potential to increase in value over time. Some loose value over time due to new models of it being developed or coming into the market. If that be the case, it wouldn’t make sense to invest in such asset would it…?
DCA is a good strategy when you have to consider Bitcoin as an asset. It cuts across its volatile nature and still measures up with its ability to add value to itself. It’s a never lose out strategy.

Yet this best Bitcoin investment strategy is considered ideal for investors of all income levels. Only for those who have understood the importance of long term accumulation of this asset. For them the level of reward is high and if the value of this asset does not continue to increase or continues to go through a bearish period for several months. The period of price decline is a good time to buy a larger amount of Bitcoin fraction if you have additional and available funds. The value of Bitcoin will undoubtedly increase in the future and it is an asset whose structure is much better than any other asset and the best asset for investors. Continuing this trend of Bitcoin accumulation at any stage of the price rise or fall period is practically your mental and financial.

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.

[pawanjain]

Yet this best Bitcoin investment strategy is considered ideal for investors of all income levels. Only for those who have understood the importance of long term accumulation of this asset. For them the level of reward is high and if the value of this asset does not continue to increase or continues to go through a bearish period for several months. The period of price decline is a good time to buy a larger amount of Bitcoin fraction if you have additional and available funds. The value of Bitcoin will undoubtedly increase in the future and it is an asset whose structure is much better than any other asset and the best asset for investors. Continuing this trend of Bitcoin accumulation at any stage of the price rise or fall period is practically your mental and financial.

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.

Well said. As long as the price is declining, we should be feeling good because we get more time to buy at cheaper price.
I have been praying for the same that bitcoin should stay low for the next few months so that I can accumulate more at cheaper price.
Bitcoin has currently started to pump again and is around $79k at current price. Atlhough its pumping but still quite low from it's ATH price.

[BitBakerr1]

Yet this best Bitcoin investment strategy is considered ideal for investors of all income levels. Only for those who have understood the importance of long term accumulation of this asset. For them the level of reward is high and if the value of this asset does not continue to increase or continues to go through a bearish period for several months. The period of price decline is a good time to buy a larger amount of Bitcoin fraction if you have additional and available funds. The value of Bitcoin will undoubtedly increase in the future and it is an asset whose structure is much better than any other asset and the best asset for investors. Continuing this trend of Bitcoin accumulation at any stage of the price rise or fall period is practically your mental and financial.

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.

Well said. As long as the price is declining, we should be feeling good because we get more time to buy at cheaper price.
I have been praying for the same that bitcoin should stay low for the next few months so that I can accumulate more at cheaper price.

you know the rules of bitcoin investment. A lot of people usually complain when there’s a dip in bitcoin and I really don’t know why they are complaining the dip should be a time that investors should be accumulating more bitcoin with less price, if Bitcoin was $100k and then reduced to $60k in price all investors that are still in the journey of accumulating should be very happy and then use that opportunity to accumulate more bitcoin since the price is already low, dip should be seen as an opportunity to accumulate more bitcoin.
Some investors are always scared when there’s a dip in bitcoin, let me tell you all, Bitcoin has come to stay and when there’s a dip in bitcoin price there’s no need to be scared because the price of bitcoin will rise again.

[Inior]

Yet this best Bitcoin investment strategy is considered ideal for investors of all income levels. Only for those who have understood the importance of long term accumulation of this asset. For them the level of reward is high and if the value of this asset does not continue to increase or continues to go through a bearish period for several months. The period of price decline is a good time to buy a larger amount of Bitcoin fraction if you have additional and available funds. The value of Bitcoin will undoubtedly increase in the future and it is an asset whose structure is much better than any other asset and the best asset for investors. Continuing this trend of Bitcoin accumulation at any stage of the price rise or fall period is practically your mental and financial.

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.

Well said. As long as the price is declining, we should be feeling good because we get more time to buy at cheaper price.
I have been praying for the same that bitcoin should stay low for the next few months so that I can accumulate more at cheaper price.
Bitcoin has currently started to pump again and is around $79k at current price. Atlhough its pumping but still quite low from it's ATH price.

It's the right decision to feel good about price decline but an invest who has made quite some investment in bitcoin might have a mixed feeling of buying at cheaper price and also seeing his bitcoin value drop when he should have sold when price was at peak value.  Honestly this is what long-term investors go through whether we admit it in public or not but the reason they dont let their emotional view about the negative effect of the price decline to affect them is because they've seen things like this happen countless number of times and bitcoin happens to always bounce back to it up trend pattern. So what I'm saying is, we shouldn't let the negative impact of the dip to emotional drain our focus on the long term goal.

[sunsilk]

If it is loosing value over time due to newer models being developed then how is it an asset ?
Anything that loses value is a liability and yes, DCAing into a liability is foolishness but in an asset is the best strategy.

I agree, doing that with a liability is such a bad strategy of doing it. If you've got a lot of money doing it with that kind of asset that only gives you liability, it's best to stop it.

But with valuable and assets that provides us a profit, it's proven to be one of the best strategies at all.

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.

[WhoYouCantKill]

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.

The reason overaggressiveness is discouraged in Bitcoin accumulation isn’t because folks who invest aggressively would end in a loss, no that’s not it. And it’s not even because aggressive investing is completely wrong. It is only wrong if what’s backing that decision is emotion and not a solid plan that aligns with their personal life and their individual factors that helps an investor make decisions that concerns their investment. 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.

[cxtreenal]

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.

The reason overaggressiveness is discouraged in Bitcoin accumulation isn’t because folks who invest aggressively would end in a loss, no that’s not it. And it’s not even because aggressive investing is completely wrong. It is only wrong if what’s backing that decision is emotion and not a solid plan that aligns with their personal life and their individual factors that helps an investor make decisions that concerns their investment. 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.

I probably understand what you mean. It is not wrong for a person to aggressively accumulate Bitcoin but he should also focus on other spending issues. Such as meeting his personal expenses and overall family needs and engaging in recreational activities, etc.

When the value of material assets starts to depreciate over time and traditional fiat currencies start to erode, you may lean towards a more advanced financial system. Bitcoin is that independent financial system through which you can benefit financially a lot.

For example if you earn the amount you need to meet your daily needs and have $500 discretionary income at the end of the week, you can accumulate Bitcoin aggressively through the entire amount of funds. But the condition is that you must maintain your accumulated Bitcoin holdings regularly for the long term and have a backup fund to protect this valuable asset. It is possible to reach the overaccumulation level within 4-10 years through aggressive Bitcoin accumulation.