It is smarter to invest in bitcoin rather than on an altcoin that in no way is a credible and investment worthy as bitcoin is, it's best to know what you want to invest in rather than just proclaiming crypto as the target of your investment plans.
What a person needs to invest is their discretionary income and their aggressiveness is dependent on how much of their discretionary income their are willing to invest in bitcoin with, setting up an emergency fund requires them to do so from their discretionary income which means that their level of aggressiveness will not be as high when they are still saving up for emergency when compared to when they've finished setting up their emergency fund, of course everything is still dependent on whether or not they want to be aggressive since an investor can still decide to not be aggressive even though their backup funds have been taken care of.

To be aggressive in investing, a person must be knowledgeable about investments, financial management, and risk management. That is, despite having a prudent financial position, I try to advise an inexperienced or new investor not to be aggressive. The main reason for this is that due to inexperience, one makes a mistake in understanding one's position and making a mistake in determining the level of aggression. Apart from that, I do not see any major harm in adopting an aggressive attitude in investing as much as one can, if even an inexperienced or a new investor can understand the right level, it may be based on the advice of an experienced investor. In this case, it may be necessary for that advisor to know about your overall situation. It is more important to protect the investment fund than to move forward quickly in the investment.

You know I have seen a lot of people out there using this term "crypto" while referring to bitcoin investment, I think Emmanuel9977 is used to the term "crypto" but here we don't refer to bitcoin using that term if you talk about crypto you're talking about shitcoin and even meme coins and alt coins. However crypto is like a general name, so while giving reference or making explanations you need to be specific about the coin you're talking about and don't use the term crypto for the sake of those who are still new in this space so that they don't get mislead.

I don't see why a person needs to know the difference between an exchange wallet and a personal wallet prior to getting started.    

Why can't he start as long as he has discretionary funds?


Buying aggressive versus whimpy is not a question of how much money the guy makes but instead a description of what portion of his discretionary income he is using to buy bitcoin versus saving versus discretionarily consuming.  I recently updated my opening post 2 in my investment ideas thread to help to highlight the descriptive differences between aggressive bitcoin investing and whimpy investing.


Personally, I tend to recommend that beginner investors try to put systems in place so that that they are trying to buy bitcoin every week, no matter how frequently they are receiving pay.  

With the passage of time, bitcoin investors should be able to strengthen their cashflow management practicessystems in such a way that they are in control of how they invest/save/consume their discretionary funds, and the longer that we are building both our bitcoin investment and our cashflow management systems/practices the larger our funds are likely to become which means our wealth is building and our options are increasing - we are less and less controlled by fluctuations in our income and/or our expenses, even though surely it can take time to build up such strength..

and it helps to figure out ways to strengthen our income and control our expenses (especially in the beginning) and we can become more and more relaxed about our bitcoin investment and cashflow management systems as our wealth grows (as seen through the size of our bitcoin investment and the strength of our cashflow management through the size of our back up funds).


A guy could "overinvest" into bitcoin even if he does not go beyond his discretionary funds if he does not  save enough for his back up funds and/or for his discretionary consumption.  There is a need for any investor to pay attention to his spending in all three categories of investment, savings and discretionary consumption, and if he is not adequately balancing, then he can end up getting himself into trouble financially and/or psychologically and causing him to have to sell some (or all) of his bitcoin at a time that is not at his own choosing.


I am not sure about any needs for strong knowledge (or expertise), since a lot of the skills to invest in bitcoin are within the grasp of normal people, and they can also buttress their skills through ongoing practice and experience.

I do agree that a guy who invests more aggressively (or even as aggressively as he can without over doing it), he is likely to be in better shape if he builds and maintains strong cashflow management practices that include building and maintaining decent amounts of back up funds, in case he makes some mistakes and/or he might suffer some unexpected decreases in his income and/or increases in his expenses.. So if he ends up screwing up, he has no one to blame but himself, so sometimes it is better to hold back a bit on the aggressiveness so that a guy does not accidentally end up overdoing it and suffering damages that could have had been avoided.


Of course bitcoin is better than various other assets in a large number of ways and also in a large quantity of greater value in bitcoin based on its attributes, and we can use monetary characteristics in order to describe each of the assets that we are comparing to bitcoin in order to recognize and appreciate bitcoin's relative higher value as compared with other assets..

So bitcoin is superior in terms of its transportability, verifiability, divisibility, scarcity, ability to transact and hold without 3rd party intervention and/or fees and various other qualities.

Of course, there have been and continue to be ongoing attacks on bitcoin that especially seem to be interfering with its abilities to be transacted peer to peer and held directly without oversight and/or intervention.  So there is ongoing irritation in regards to various ongoing attacks that also frequently try to act as if they were not attacks by trying to coerce or trick bitcoin users into using paper bitcoin rather than real bitcoin.

You're right, I actually had the right idea in mind but ended up explaining it wrongly and end up laying more emphasis on sustainability and making sure people don't neglect their responsibilities or back up funds in the process of getting more aggressive with their accumulation.
Thanks for pointing it out to me, I'll try to be more careful how I explain it from now. Aggressive accumulation is more of the percentage of discretionary income one allocate into buying Bitcoin and not the amount they have. It's true two people can earn the same amount but one can be more aggressive in his accumulation because he allocates more into Bitcoin than the other, and yet even if income increases later it does not automatically make the person more aggressive if he still allocates the same amount in Bitcoin.

Since we are discussing the topic of saving with DCA strategy for beginners in buying Bitcoin, it is misleading to lump Bitcoin with all cryptos, altcoins or shitcoins. I do not consider Bitcoin to be a common crypto market, but Bitcoin is completely different from other cryptos, altcoins or shitcoins.


Even if I assume that you used the word "crypto" to mean Bitcoin, you should clearly say Bitcoin. And all you need to start saving Bitcoin is your discretionary income. If you have discretionary income, then you should not delay investing on the pretext of learning. Because you will still have enough time to learn after you start. It is not that learning will stop after you start. So stop talking about the so-called "basic knowledge or having an idea".

 However, I agree with your last point that discretionary funds should be used for investments.

Asides giving all class of investors the opportunity to invest consistently the DCA also helps investors overcome the emotional pressure of volatility that leads investors to selling cheaply out of fear of the dip, it's a good strategy that shouldn't be overlooked especially by beginners cause they're new to investing and tend to panic sell when the market drops.

 Bitcoin investment requires discipline and since the DCA warrants that investors are consistent at accumulating, it helps ensure that investors maintain discipline as they try to build a wealthy portfolio overtime, it's a good risk management strategy that people shouldn't overlook but embrace it to aid their accumulation process.

You are a newbie, so I wouldn't fault you that much for emphasizing so much on crypto, as if we are here talking about alt and other shit coin that are scattered everywhere in the market. We are talking about Bitcoin, and be specific when talking about Bitcoin because Bitcoin is not like other shit coin out there that falls more than they rise , it's a reliable asset with a very high potential on the longer run, so my advice to you is that you should try to use this period to learn by doing more reading than lecturing, that way you might have the right knowledge on Bitcoin, not this crypto this, crypto that you are saying to those you should be learning from.

That is why the DCA method is the most popular among Bitcoin investors, in which both rich and poor investors can participate in Bitcoin investment and it is much easier to keep Bitcoin investment for a long time. It is easy to achieve success by investing in Bitcoin according to this DCA method in any market situation, as a result, a Bitcoin investor can hold it for 10 to 12 years by investing regularly according to the DCA method, weekly or monthly, and can move forward into the future by maintaining the continuity of purchases, then his investment will definitely be successful.