What I've learnt from my own little mistake is simple, never put yourself on pressure when investing, it's not a good thing to invest in bitcoin when you k ow that your income is not enough for yourself cause if you do, it won't last and even if you decide yourself by holding on ; how long would you hold on, so it's better you do it to right way and ease yourself, the only reason I'm safe if cause I put a lot in build up my emergency funds and I'm still quite living with my parents so no much pressure I can't get help from them.
But I know its not very right to depend on your parents as your emergency funds cause they could also disappoint you, so I've learnt do with what i can, although I'm done with my plans on aggressive investing now I'm all in for a more stable and controlled investment.
These are things to learn.
it is good to be as aggressive as you are able to be without being overly aggressive, and if you go through the experience of setting these matters up, you should be able to learn how aggressive you are able to be, and like I mentioned so many times, you are only able to be aggressive when your finances and your psychology is in good order, and so your psychology is likely to be in better order when your finances are in good order.
For sure, if you are able to measure the difference between your income and your expenses, then that amount would be your discretionary income, and surely if you are new to making those kinds of calculations, you might not have a good way to categorize your discretionary income properly, so you will make mistakes, and you should not be spending 100% of your discretionary income on bitcoin investing because if you end up making a mistake, then you are might end up going beyond your discretionary income. which surely would be categorized as overly aggressive, rather than merely being aggressive. When you are more organized and more experienced, then you will already know how aggressive you are able to be without crossing into being overly aggressive.
So, when you put money into bitcoin, you should be considering that money to be completely gone for 4-10 years or longer.. and you are not going to be able to or want to dip into it for any reason, except the passage of time and there after seeing that a lot of time has passed and your value in bitcoin had been compounding several times.. and as you keep investing, each time that you newly put money into bitcoin, that money becomes ineligible for withdraw for 4-10 years or longer.. so if you are still fairly aggressively investing into bitcoin 10 years down the road and you are still adding value to your holdings, then the new money that you put in has a 4-10 year investment timeline, and so it makes no sense to be selling any of your BTC if you are still accumulating 10 years down the road.
Of course, a lot of folks had been recently talking about El Salvador having close to 6k bitcoin (less than $400 million), and yet its annual governmental revenues is around $7 billion.. and so the fact of the matter, is that bitcoin is still ONLY around 1/20th of its annual revenues.. so El Salvador has a long way to go to get to fuck you status in terms of the amount of bitcoin that it holds.. and maybe I have been rethinking that in bitcoin, a person, institution or government might be able to get to fuck you status if bitcoin constitutes around 12x its annual revenues... so El Salvador has a long way to go in terms of building its bitcoin holdings.
The same with an individual, they are surely in a better situation if they can get to a whole year's worth of income/expenses built up or saved up in bitcoin, but they still likely need to get to 12x or more in order to potentially start to be able to draw from his bitcoin in a form of sustainable income.