Topic: Aggressive Bitcoin investment. - page 3. (Read 736 times)

when investing in Bitcoin, an investor has to prioritize his daily family needs first. One can decide to invest/deposit a fraction of disposable income into Bitcoin. Being aggressive in depositing/investment early can hurt your investment because you tend to be reluctant to keep your cash in excess. You may need emergency cash in future for urgent needs like physical illness or any other reason. That consideration allows you to protect your valuable Bitcoin holdings without having to withdraw them. Aggressive depositing should be dependent on waiting for Bitcoin's decent phase which lasts 1-2 years.

You are over emphasizing being aggressive in your Bitcoin investment, there is nothing absolutely wrong approaching your Bitcoin investment aggressively without over doing it such that it will not affect your other living expenses where you have to sell your Bitcoin investment too early in order to meet up your other needs. However, the idea of Bitcoin investment is apparently based on understanding the level or how much of your disposable or discretional income after taken care of whatever might have  been consider to be a basic needs, with a provitional emergency funds inclusive, the level of your aggressiveness should totally depends on the total amount you have as your disposable income and not your total income or salary.

Aggressive investment is not a bad idea. There is various reason why people aggressively buy bitcoin and they have reasoned the consequences of it before they decide to go aggressively. Now let me out it this way for clarification. When we have calculated our disposable income and found out that there are less expenses for the new month and more money would be left to cover up for emergency funds and savings then the rest money can be used to aggressively buy bitcoin.

OP, in my own understanding of aggressiveness is when you put an extra funds into your investment and these funds may come from tips in the workplace, additional income in our salary, or money that was giving to house by family relative or friends. Such money can be used to buy bitcoin aggressively and there are no consequences attached to it.

One can aggressively invest in bitcoin if he has the money and also if he has an extra ways of incomes and with that he can set aside some the funds for emergency Funds. Many people want to invest in bitcoin mostly the youths but their no much capital to kick start the investment process so if they have the opportunity to invest aggressively then I don't they will even look back but what you said is correct because if someone invest in bitcoin with reservoir funds then the investment will collapse one day because there is no back in the investment.

I don create here before and that go be last year wey I say before you invest in bitcoin or any cryptocurrency project make sure you dey di something and many people think say I dey play but na di truth be dat. Aggressively investment is good but you need to have secure emergency funds so that you go use back your investment.

Investing Aggressively into Bitcoin depends on the level of your discretional income and the level in which your emergency fund has gotten up to, if your emergency fund is up to 6 months and above you can become more aggressive in accumulating Bitcoin.

If want to invest in Bitcoin and really want to benefit from it you need to be aggressive because you want the best but dont over do it in a way that it won't affect your BTC journey and personal life negatively. Investing aggressively into Bitcoin can be very risky if you over do it without having a reasonable source of income or steady cash flow that can help you take care of your needs when unforseen challenges may arise so that it won't affect your Bitcoin investment journey by selling off your Bitcoin hodling when its not yet time.

Unless the money invested that sums up as aggressive investment isn't of any use, then it's wise invest doing this with only funds one can afford to lose or stay away from for the time being.
I would even consider investment in BTC or cryptocurrency without a plan but just doing so at ones pace, is aggressively risky too, because diverting huge funds to HoDL for the time at any time may be too much due to responsibility of survival and taking care of dependants or family.

I believe it's simply plain stupidity to not be thinking of the necessity of daily expenses or emergency issues because before one should even think of starting an investment these certain things are the one he should out into consideration of which one is putting the right money in so you won't be affected because whether we like or not
emergency expenses must come  and that's why it's better to have more than source of income so that you can still accumulate aggressively with one pay and then use the other for basic life necessities.

The percentage of your salary that you are putting into bitcoin does not really matter if you are being too aggressive or not. It is your discretionary or disposable income and you monthly expenses and needs that will determine how aggressive one can be. If you have a good size of discretionary income after making sure that you have taken care of your monthly needs and expenses, you can use part of the left over to build your emergency funds and use the other part to invest in bitcoin. People that buys bitcoin aggressively are those new investors that are late to bitcoin but they have enough discretionary income that after buying bitcoin with some parts and saving some parts in building their emergency funds, and they still have a good amount left which they don't use till when they get paid again, such idle fiat can be used to buy more Bitcoin

Aggressive buying gives an investor the opportunity to accumulate more bitcoin than someone who is buying bitcoin without being aggressive. It is good to buy aggressively but don't over do it if not it will be that you are gambling, because when an emergency arises that if way bigger than the little emergency funds that you have, you will sell your coins to take care of such emergency which has killed the purpose of hodli for long and not selling, because you might sell your coins when bitcoin price is below your entry point and you will run at a loss. So it is based on your own discretionary income that will determine how aggressive you will be.

IMO, in the world of crypto currency, if you have decided to make any of those coins a am investment for you, you shouldn't put more than you can risk on any of the coin, Bitcoin or no Bitcoin, no investment should take more than half of your salary. Investing on Bitcoin with more than half of the money you are being paid as salary is a good sign that the investment will not last long. There are days when some tangible expenses will come and if you don't have money to package those things your investment will crash.

You are very correct @CryptoprenurBrainboss wetin you talk na really de Koko because as a family man wey get wife and children e no dey good to go involved our self for aggressive investment wey you go come regret tomorrow when you get emergency, because normally person wey get family dey always get challenges and for us to overcome it is when will plan our self well by keeping money for Emergency, however just as you don already talk say Aggressive investment dey good for when we never get family na true because that time will never get responsibility so we go fit manage our self.

A Bitcoin investor that is on a fixed income should learn to have a budget plan, so that they will know the amount that they need for food, rent, transportation and other miscellaneous expenses, before they will know how much to invest in Bitcoin, every week or month. Without a well planned budget, the person can be buying Bitcoin with a higher amount from his income, whereby when they go broke or emergency expenses arises, they will run back to their Bitcoin investment to sale and take care of the need. Being over ambitious in Bitcoin investment is not good,  because it is a long term investment that doesn't need to be selling prematurely, so that the person can accumulate enough profit in the future.

Na true talk you talk, person way over do they cause suffer for en self and en no go fit hodl for long because when en face emergency en go withdraw en Bitcoin investment so as to solve that issue.
And e make sense as you talk am say is better to invest 20 percent of your income or 30 percent, this format way you talk like this na watin I dey use oo and it has helped me to hodl for long, person no go go investment pass en financial strength oo.
En no just good to invest aggressively if not e go Hook you down the road.

Yes I agree with you na for person youthful age person go talk about investing aggressively no be when person don get people way they look up to am for financial assistance or when person done marry then born. When person done marry e no good to invest aggressively so as not to suffer.

Person wey dey receive ₦130k, na very wrong decision to dey invest ₦80k for Bitcoin. That one dun pass investing as na suffer you dey put yourself if you no get another source of income and na only that ₦130k wey you survive on monthly. E no possible to survive on ₦50k a month as a working class person wey go dey commot almost daily (paying transport or buying fuel) for this country and you go dey live comfortably especially when you dey city and no be village. The only time wey you fit dey invest like that na when you get other side hustle wey go dey bring in small money wey you go dey use for sustainability. Your investing percentage no supposed pass 20% of your income if your salary no too big and when e big e no supposed pass 30%. If you dey invest pass your capacity na you dey set yourself up for failure so make we no dey overdo pass ourselves.


Aggressive investing should be done in your youthful years and no be when you get heads to feed, that time wetin you suppose dey do na strategic investing wey be say you know the amount of risk that you can take but as a youth you fit take more risk so you fit secure a better future for yourself and your unborn children. Irrespective of Bitcoin investment being proven, you no suppose dey invest inside anyhow because the market dey volatile and e dey craze sometimes and that time fit be when you need funds for your regular business. Anyhow you dey invest reach make you dey hold emergency money one side because to see where to get money this days no easy as country hard.

I don't think 50k will do to save for your emergency funds and for your feeding and other expenses due to how things are now very expensive in the country, remember you need to save for your house rent too unless you are still living in a family house, having 50k as a lift over will always make you touch your Bitcoin investment.

It all depends on the investor and his monthly earnings. if the Investor is single and doesn't spend Extravagantly I think 50k should be enough for an Emergency reserved. Since Bitcoin is not a get-rich Quick Scheme and the Market is volatile, I wouldn't Encourage any Investor to buy Dips with 80% of his monthly earnings if  he doesn't have good plans to manage himself for a long period of time.

Your right, the concept of over aggressiveness has nothing to do with the amount invested but rather it is more about the condition at which you are investing, if I have all my expenses carried out and I have am investing out my discretionary income then that is no problem no matter how huge that is.

But the error that most make is investing aggressively when they have other needs to attend to like building up cash reserves incase thigns go wrong and having a good emergency funds.

Usually that is why DCA is recommended when you want to invest. If you go by dollar cost averaging, then you will have some breathing space in your investment and check yourself on your balance and what exigencies you have whether to suspend next buy because of future financial challenge or to cut down on the percentage of investment at that time to take care of the pending expenses. To invest all your money at once with the hope of inflow cash is risky because you can be stranded and forced to cut short your investment to pull it out for sorting the particular need and this happens especially for those having just one source of income. In fact, if you have one source of income, even when your investment is running and you enter into financial challenges, you will be forced to pull your funds out by selling them to sort yourself out. No one would have funds and then refuse to take care of their immediate health challenge. Of course, that would be foolishness.

You are correct and that is why I had to do some editing in other to bring the example using Nigeria currency. You can go through it now and put out your reply if truly is an aggressive Investment or not.
The first example I used before editing is dollar and it will be an aggressive Investment if you live in United States of America and not aggressive if you live in Nigeria because dollar when converted is a big money in Nigeria.

Your example contradicts the definition. Depending on where you live, someone can easily live on $500 a month left over after investing in Bitcoin. This scenario might not be truly aggressive if basic needs are covered.

I have seen this post in SPECULATION,your ideal is similar to that of  TROYTECH

https://bitcointalksearch.org/topic/m.64105497