Do you think financial stability is mandatory to be a gainer in Bitcoin invest?

[bittraffic]

Not neccesarily but a man that is not financially stable might not able to think of investing because he'll have to feed himself and worse if he has a family to take care of.

A man who just live paycheck to paycheck that hardly meet ends will endure a lot of sufferings if he will invest tiny fraction of his money but it will be worth if he survive to see result of his sacrifice.

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[Fesatmas]

From here we learn that everyone who is born at the finish line has an easy desire to hold bitcoin in the long term without having any problems as long as he has other stocks to run his life and fulfill his needs. Investment everywhere, finance comes in from all gaps.
Meanwhile, we who have to go through a series of life can't be winners if we don't have a strong will and the path to take when facing a bear market, what can we defend? other than letting go just to meet the needs of life for tomorrow morning.
That is what often distinguishes where the fulfillment of financial stability can smooth the long road. However, this does not mean that you are guaranteed a winner, because the winner is not determined by money. It's just that the alternative is easier than the path we took.

[The Cryptovator]

Not neccesarily but a man that is not financially stable might not able to think of investing because he'll have to feed himself and worse if he has a family to take care of.

I won't agree with you. Have you ever notice any suicide attempts for losing crypto? If not then you may read Are Crypto-Related Suicides a Real Problem?. Believe or not many peoples even borrowing money to invest in crypto. Most small investors take chances to multiply investments within a short time. It's like gambling. That kind of investors become panic during price dumping. And they might sell holding as well in bad situations if need. So here is the financial stability stand for and it's mandatory for long investment IMO.

[swiftbits]

No, everyone can gain profit here.
But, if we are talking about being a successful huge gainer, YES, I think it is mandatory, if we see it as a store of value, gains would be bigger if we could invest consistently. Bitcoin won't magically work for you, and multiply it by 1000x. You could work hard and play with your investment to be a huge gainer, but having a startup fund could help you in the process.

[crwth]

That's true; the rich are getting richer. That always works in any type of industry in the world. I think it's not true when it's at the start of a particular project when early investors see the project's potential, and since it's very early, it's cheap. Like those people who bought BTC early stages where it's just cents. That's when retail investors beat the whales later in the game, in terms of profit, of course.

What's mandatory is to have financial planning in place and not "to bet" on the profits of BTC to turn you into a financially stable one. It's going to be a gamble, and I think the personal well-being of a person shouldn't be gambled in that way.

[Kakmakr]

The old saying goes.... "Money makes money....." and this is true for Crypto investments too, but there are ways for the small guy to profit too.

Fiat whales can dump a lot of money into Crypto when the price are dropping.. and then wait a few hours or days for it to recover and they make a sh1tload of profit if they time it correctly. (They do not need the money, so they can wait for the price to recover)

The small investor are always under pressure to sell early, because most of them live from hand to mouth. The secret to the success of any investment into Crypto currencies ===> Investing disposable capital over the long-term and waiting patiently for the right time to take profits. (I had to wait 3 years for the price to recover to $18 000 .... after I bought coins at $15 000 .... back in 2017.... then I sold at $35 000 and I made a huge profit)

Tip : Buy small amounts every week AFTER you paid your expenses.... and push those coins to Cold storage (Paper wallets) .... because it is more effort to sweep those coins when you want to use them.  The more effort you have to put in to use the coins.. the less you will be tempted to do it. 

[Sterbens]

In my opinion, so far financial stability does have a very important role both in the real economy sector and as investment in cryptocurrencies, the most basic of which is investment in BItcoin.
Why is financial stability so important? Because if it is not stable, such as overlapping with various other needs, it will have an impact on both micro and macro economic crises.
Bitcoin as a solution to overcome the problem of the instability crisis, when market conditions come and change, only the old holders survive and don't really care about price fluctuations.
However, it is possible that when the price of Bitcoin exceeds $50,000, how lucky the traders are, they say they have a profit of 10%, so there is no need to say how long-term holders are now. They are much more proud of the wait.

Furthermore, how can conditions of financial instability have an unfavorable impact at all? Here are some reasons that I try to summarize based on what I understand so far:

• if there is a crisis that has systematic potential, it will certainly result in high costs
• the increasing public distrust of the government system which has an impact on Bitcoin exchanges which are often cornered as money laundering by bank officials.
• the allocation of funds to the public at a time when financial stability is not evenly distributed makes intermediation unable to run optimally.

Isn't Bitcoin so big a role to save economic conditions for those who still hold on in the long term?

[zanezane]

Nope, I don't think so, there are people with a lot of money that are loser in trading so it's not a right assumption. What should be mandatory is the ability of some people to do a good trade and analysis because that's what some of this people lack that causes them to not be a gainer when it comes to investing.

[Princejebs]

Have you heard of die hard fans in a club, they don't live their club no matter how many times they loose matches or cups, they remain in and will always endure that club for the purpose best known to them. The same thing with bitcoin, there have been some diamond hands that have holding tight to their bitcoin since its inception and they don't think of selling anytime soon. It's actually true that the rich get richer but what makes the rich to keep holding? It's nothing but discipline, they don't joke with it.

[maju69]

Not all, but most of them that success from investment has financial stability.

A poor and middle class people only depends on one source income that is fixed jobs or odd jobs to earn money for buy food to survive. A poor people didn't even have remaining money for renovation or to buy medicine if they sick, while middle class they have remaining money to save or invest... but mostly they are saving on bank or invest on low volatile asset since they worried if they loss. They have no loss mindset, this is why they don't want to invest on Bitcoin, probably they invest but with very little amount so the gain is little even though +100% as an example. Although we can't deny there's a poor people become a millionaire since he's brave to invest all on Bitcoin.

Those people has stable financial often have financial management, so he just relax and let their management work to earn more money. Of course not all the decisions of their management always gain profit, but they have other source income + passive income that can recover from the loss of his investment.

I am increasingly wondering why there must be a social status that becomes a paradigm among the community which is divided into several sections, poor, middle to upper class and high caste which has made financial stability in our eyes like having a barrier. Bitcoin came to generalize that perception, and as an application we can be equal in holding Bitcoin if the poor come in at the time of the Bitcoin price in 2010.

[el kaka22]

From here we learn that everyone who is born at the finish line has an easy desire to hold bitcoin in the long term without having any problems as long as he has other stocks to run his life and fulfill his needs. Investment everywhere, finance comes in from all gaps.
Meanwhile, we who have to go through a series of life can't be winners if we don't have a strong will and the path to take when facing a bear market, what can we defend? other than letting go just to meet the needs of life for tomorrow morning.
That is what often distinguishes where the fulfillment of financial stability can smooth the long road. However, this does not mean that you are guaranteed a winner, because the winner is not determined by money. It's just that the alternative is easier than the path we took.

I would say that if you are investing with the money you need, then you will always end up losing. This month I had to go fight fires, and wanted to take a vacation as well! So instead of a vacation, I went and fought fires for 3-4 days and then relaxed in a hotel to recoup for 3-4 more days, it was one of the most tragic moments in my life, honestly considered leaving it all behind and going to some small island to just enjoy life and forget about all of this hectic world problem BS, and not like that was enough, I had to purchase so many stuff for firefighting and then hotels were extra expensive because of covid, so not only I had a horrible month, but now I am in debt as well.

Nothing too serious, like just 200-300 dollars and that's it, I can recover that in few months no problem, but the reason why I have debt is because I wanted to help people put out the fire, I was already doing something good, and still lost. Did I cashed out my crypto during that period? No. It is still there, and not touching it.

[ReiMomo]

We often notice rich people become rich day by day. It's no different for Bitcoin as well. Because we can see the most benefited person from Bitcoin is big investors, mean definitely they are rich. If you agree with me then why do you think most big investors are gainers and why most small investors can't gain.

For me, I think financial stability works behind our success in life. So same goes for Bitcoin investors as well. The rich person could invest for a long time. He doesn't have problems even he doesn't sell his holding even during very bear markets. A financially stable person even could hold 10 years. But like us who are small investors, we aren't stabled financially. As a result, we don't when we have to sell our holding for need. That's how we become losers even we intend to hold for a long time. I am a real example of that recently.

Do you think financial stability is mandatory to be a gainer in Bitcoin investments?

Yes. I have thought of it so often. Thought like, If I have more than whats needed for my expenses, I would dare enough to invest more on trading for long term and peacefully await for its growth. I borrowed around $2k and invested on trading believing I would get monthly return to close off the debt which did not happen and I had to close off my trades at lose and pay back the debt. So, when one is already financially stable, he/she does not have to worry of any near return. Its a best example I can relate with your thread here.  

[The Sceptical Chymist]

But like us who are small investors, we aren't stabled financially. As a result, we don't when we have to sell our holding for need.

You kind of answered your own question here, though I'd add that not all small investors aren't financially stable.  A person can work in a relatively low-paying job but have no debt and live frugally and thus have stable finances.  It's the people who don't have a lot of income and live well beyond their means that end up investing in things that they have to sell in the short-term because they need cash.

So yes, if you want to be able to save or own bitcoin (or stocks, gold, whatever) for the long-term, you have to put aside only what you're not going to need in the short-term.  If you blow your rent money on bitcoin, what do you think is going to happen?  You'll have to sell it at market price, which means whether you make a profit or not is less likely than if you were able to hold longer.

[Davidvictorson]

Do you think financial stability is mandatory to be a gainer in Bitcoin investments?

I have learnt over time that you cannot compare the goals and aspirations of others with yours. The goal of a big-time investor is definitely different from the goal of a small-time investor in crypto. The way I see it is that you do not have to be financially stale to be a gainer in bitcoin investment however you need to be a gainer in bitcoin investment to be financially stable.

[skarais]

The only way the less wealthy could have succeeded with little money was to be in the right place at the right time, which means they recognized the opportunity early enough to minimize the risk.

@Lucius, I knew it wouldn't be easy, but I knew it was something right. The simple thing is that it doesn't take a lot of money to invest but maximize the opportunities and minimize the risk by only investing in assets that are really profitable in the long term and that is bitcoin. Although altcoins can also be profitable, bitcoin is much safer for long-term investment.

I believe that there are many examples like you, but that's the way it is in the life of an ordinary person - look at it from a brighter side, because what would it be like if you didn't invest in crypto at all?

Yes, a little is better than nothing. But this investment is a choice and we cannot force them to continue to do it and they can do it in any asset according to their wishes and best choice.

[Vaskiy]

Financial stability is a must and it has the ability to make our portfolio stronger. There is a difference on making decisions without any mind distraction and with something running in the mind. Most of the small holders invest what is available for their daily life, so today or after a week/month they're in a situation to cash out the holding. Inbetween if the market pumps, it is their earning.

For the person who is financially stable he has the ability to hold until targeted price is being reached. This can happen within week or years. Holding for such long days never gonna make him suffer, it makes his holdings grow high with time.

[Fortify]

We often notice rich people become rich day by day. It's no different for Bitcoin as well. Because we can see the most benefited person from Bitcoin is big investors, mean definitely they are rich. If you agree with me then why do you think most big investors are gainers and why most small investors can't gain.

For me, I think financial stability works behind our success in life. So same goes for Bitcoin investors as well. The rich person could invest for a long time. He doesn't have problems even he doesn't sell his holding even during very bear markets. A financially stable person even could hold 10 years. But like us who are small investors, we aren't stabled financially. As a result, we don't when we have to sell our holding for need. That's how we become losers even we intend to hold for a long time. I am a real example of that recently.

Do you think financial stability is mandatory to be a gainer in Bitcoin investments?

Honestly most people who are financially savvy will only have a small portion of their assets in one place, they'll tend to have the vast majority in stocks (aka ownership share of a company) which have proven themselves over many decades. Property is also one of the best investments that people will ever make in their lifetime and is usually the biggest thing that anyone will ever spend money on. If you can imagine that 80-90% of someones wealth goes into those two things, then the remainder might be spent on a sort of gamble with highly volatile assets like cryptocurrency or junk bonds. Besides early investors who got rich, you're definitely best to diversify your money.

[CryptopreneurBrainboss]

Do you think financial stability is mandatory to be a gainer in Bitcoin investments?

It does have it advantage but it's not mandatory. Don't forget the big investors are also liable to losses if they sell when the market experience some corrections. What matters most is your patience with the market to gain big time. The early adopters that held onto their Bitcoin weren't the the richest out there or the most financially stable, they were just those that believed in something others considered a joke and held onto their investment.

You don't have to be rich to benefits as well. Don't Invest funds you'll need in the near future, only invest your spare funds, do this and you won't have to sell off your hodlings. Also always keep emergency funds incase something urgent that need money comes up, that'll way you won't have to touch your investment.

The secret in successfully pulling this off is by diving your income, for example, if you earn $200 monthly, you don't have to invest in all, instead keep aside a fraction for emergency, another fractions for investing in Bitcoin, expenses etc, just plan well and you won't have to sell your Bitcoin hodlings.

[wxa7115]

We often notice rich people become rich day by day. It's no different for Bitcoin as well. Because we can see the most benefited person from Bitcoin is big investors, mean definitely they are rich. If you agree with me then why do you think most big investors are gainers and why most small investors can't gain.

For me, I think financial stability works behind our success in life. So same goes for Bitcoin investors as well. The rich person could invest for a long time. He doesn't have problems even he doesn't sell his holding even during very bear markets. A financially stable person even could hold 10 years. But like us who are small investors, we aren't stabled financially. As a result, we don't when we have to sell our holding for need. That's how we become losers even we intend to hold for a long time. I am a real example of that recently.

Do you think financial stability is mandatory to be a gainer in Bitcoin investments?

Not only you need financial stability you need stability in all aspects of your life, you know just to give you an example, even if you have financial stability if one member of your family is mentally and emotionally unstable that can be more than enough to destroy your financial stability if they make a mistake, so even if you did nothing wrong if one of the members of your family is in danger you are going to have to pay for it and this is going to destroy your financial stability.

This is why achieving any kind of success when it comes to your wealth not only depends on you but on the people that surround you and even on the luck that you have, and those are factors that are impossible for you to control and that can still affect you in a very significant way your ability to hold your bitcoin and achieve financial freedom.

[Hippocrypto]

We often notice rich people become rich day by day. It's no different for Bitcoin as well. Because we can see the most benefited person from Bitcoin is big investors, mean definitely they are rich. If you agree with me then why do you think most big investors are gainers and why most small investors can't gain.

For me, I think financial stability works behind our success in life. So same goes for Bitcoin investors as well. The rich person could invest for a long time. He doesn't have problems even he doesn't sell his holding even during very bear markets. A financially stable person even could hold 10 years. But like us who are small investors, we aren't stabled financially. As a result, we don't when we have to sell our holding for need. That's how we become losers even we intend to hold for a long time. I am a real example of that recently.

Do you think financial stability is mandatory to be a gainer in Bitcoin investments?

Indeed we're losing for so many times, we can't even do buy and sell because we're afraid to risk our funds.
There's no such thing to be called mandatory, but stabilized funds is more advantageous compared from small buffer capital investors. If you're aiming for huge gains, don't use your existing funds but rather keep it accumulating in order to increase your asset capabilities for future gains.