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

[Anonylz]

It is quite simple, if you have a stable source of earning it goes along way of supporting your investment, even if you are a small funds owner with a steady income, investing some percentage in btc and let it grow won't affect your income greatly, only if that person is too eager to see the investment grow within short period, otherwise, such person can still gain alot without having to be a big investor, it all depend on level of patience and market volatility tolerance.

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[Lubang Bawah]

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.

Discipline and focus on goals are the most important keys to get rich, bitcoin has been showing good performance for about 11 years and i'm sure it will continue to shine, if we always think back then we won't get rich, it's better to immediately follow what they are doing so we can successful like them.

[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.

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.

Well, that investor is a gambler. Borrowing money to invest in the first place is not an investment. It's like borrowing Peter to pay Paul situation.

If he doesn't know when to buy and sell coins in the market, Bitcoin investment shouldn't even be in his mind. He can jump off the bridge or hang himself whenever the price dips. But the rich can hold BTC for long term, they can endure not cash out their BTC even if its price dip again to $3K.

It's necessary for a not financially stable person to know when to turn his money into stablecoin and when to buy BTC. 

[Emitdama]

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.

Those are exceptions. Being rich are losing money is nothing new and I call such people idiots because they are technically spending money they got from their parents. There are some poor who make more money than riches too but again those are exceptional geniuses. The general consensus is that the rich earn and the poor lose overall.

the rich are getting richer. That always works in any type of industry in the world.

One reason I believe this happens is financial freedom. Rich has enough to survive while they can block their money in the market during tough times but not the poor can afford the same.

[crwth]

the rich are getting richer. That always works in any type of industry in the world.

One reason I believe this happens is financial freedom. Rich has enough to survive while they can block their money in the market during tough times but not the poor can afford the same.

The rich has the capability of being free with their money and has the capability of being able to invest in different aspects. It's only weighing where the person starts. Whether the person has a lot of debts to pay first before being financially free (students having loans) or comparing to those who started at 0 debts and continuously earn money without having to worry about debts and immediately earn for their future already.

[Rruchi man]

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

Financial stability is not necessarily mandatory, but it is a key factor to be a gainer in bitcoin investment, another factor being "discipline".

The basic needs of man are food, clothing and shelter. A financially stable person to me is one who has been able to satisfy these basic needs and has a bit more for luxury and investment and any unforeseen circumstance like say an accident or medical emergency. If a financially stable person is beset with an emergency need, he can get money for it without thinking of liquidating any of their investment.

 The case is however different for someone who is not yet financially stable where the decision to invest is a decision to sacrifice some other pleasures and live poorly or below standard at times, for such an individual to gain properly from bitcoin investment is very difficult.

[tygeade]

To me, it all depends on what you do as compared to what you are best at doing. Those who have more money aren't always earning because if you see social media handles, there are guys who lose massive amounts in each bear run and some even manage to lose during a bull run, by short selling the coins.

If you don't have much money but you know what you are best at doing, there is no way you will lose money. From an investing point of view, yes more capital means more profits but always induces more losses as well.

It's easy to hate the riches but they are rich for a reason and those who are struggling made some mistakes that put them in such a bad situation.

[Kittygalore]

As any other reply here, it's not mandatory. Maybe you will get more profits but that stops there. Unless you're talking about profit then probably it's a mandatory to be a gainer. In order to do that though, either you start from scratch or you came from a big money.

[meanwords]

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

I don't think it's mandatory but more like a mentally and emotional support for trading. It's most likely that people who can afford to lose the money are the ones who are making the most rational decisions because they resistant to FOMO, FUD, panics, or any negatives that affects decisions in trading. If you are financially unstable, you are aware of your money that you are going to invest. You'll have doubts and all sorts of fears that will negatively impact your investment.

So it's kind of like this. Being financially stable isn't necessarily mandatory, it it will certainly help.

[Ucy]

You think the poor don't have the patience to make profit or something? I have seen lots of poor people who own farms and patiently wait for their animals/crops to grow to maturity ... why not mere investment in Bitcoin?

I think they can be very patient if they invest what they afford to risk and have more money to take care of their other needs.

In Bitcoin world, a person who invest $2 can be equally as omportant as one who invest $1billion... and both can lose and gain.
If those investments are worth 10% of their wealth and both invest longterm, they will make or lose thesame amount in proportion to their wealth, depending on the price Bitcoin.
By the way, I prefer multiple small-scale farms own by many people than a large one owned by few people or a single person. Hope you understand what that means in relation to Bitcoin investment and price stability.  

You think the rich can succeed without the poor investor's money and effort? I don't think so... and this can easily be proven.
The rich are hyped on the internet but on the real world they basically can't do without the poor.

[jostorres]

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.

I agree. People who are rich also manipulate the market and the small traders lose money in all the manipulation which makes the rich even richer and the poor suffer even more. I think be it gambling or trading the same logic applies everywhere; The bigger fish will eat the smaller ones!

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

Very true and that's where small traders will, unfortunately, suffocate and sell their assets for cheap while the rich ones can just forget about it until they get the price they want from the market. No matter what we say that Bitcoin is made for the poor or rich, the truth is that slowly everything moves towards the rich. Maybe some early investors who got into bitcoins are rich but the theory doesn't change at all.

[oHnK]

Very true and that's where small traders will, unfortunately, suffocate and sell their assets for cheap while the rich ones can just forget about it until they get the price they want from the market. No matter what we say that Bitcoin is made for the poor or rich, the truth is that slowly everything moves towards the rich. Maybe some early investors who got into bitcoins are rich but the theory doesn't change at all.

When it is said that being rich is mandatory in profiting from investing or trading BTC, I don't think so.  But if it is said that the main factor determines the size of the profit, then I agree.  It is true that the probability of the rich and poor in making a profit will be greater than the percentage of the rich, but the poor still have a chance.  If it is said to be mandatory, it is as if without wealth the poor cannot start investing.  We must be equally open to the freedom of investment and the benefits of everyone.  Studying the market alone is enough to avoid losses.

[globalpain]

Very true and that's where small traders will, unfortunately, suffocate and sell their assets for cheap while the rich ones can just forget about it until they get the price they want from the market. No matter what we say that Bitcoin is made for the poor or rich, the truth is that slowly everything moves towards the rich. Maybe some early investors who got into bitcoins are rich but the theory doesn't change at all.

When it is said that being rich is mandatory in profiting from investing or trading BTC, I don't think so.  But if it is said that the main factor determines the size of the profit, then I agree.  It is true that the probability of the rich and poor in making a profit will be greater than the percentage of the rich, but the poor still have a chance.  If it is said to be mandatory, it is as if without wealth the poor cannot start investing.  We must be equally open to the freedom of investment and the benefits of everyone.  Studying the market alone is enough to avoid losses.

It seems what you said is very clear and I think it's an easy explanation to understand so I hope people can understand it,
whether it's the rich or the poor basically they can still start investing,
and to get that profit back to their respective strategies

[Ozero]

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?

Wealthy people have the opportunity to invest more capital in cryptocurrency, and in particular, bitcoin. The larger the amount of funds invested in bitcoin, the higher the profit will be. Therefore, from this point of view, rich people really have more opportunities to become even richer than the bulk of people who now have the opportunity to buy up to one bitcoin. However, the demands of people who are not very well off financially are much more modest than those of the rich. For the poor, a profit of even a few thousand dollars can be more significant than for the rich, several tens of thousands of dollars.

[israt1@]

I think to invest in Bitcoin you have to be big financially. If you want to benefit from the current value of BTC, you must make a big investment. If your investment is low then if BTC gets some increase you will have little. What will happen is nothing. If you buy 1 BTC, if it increases a little, your profit will be a lot. As the amount increases, so will the profit.

[Liamttw]

Financial stability is good for investment. When there are enough funds to invest, you can freely allocate funds for multiple portfolio investments.
Ordinary people need to consider whether the funds outside the investment can meet the needs of daily life when investing, they can only use a small part of their funds for investment. When they urgently use funds, regardless of whether they lose money, they must sell their investment assets, which will inevitably bear greater risks and losses.
While financial stability can have sufficient funds to bear market risks and the financial burden caused by holding for a long time, they do not have to worry about insufficient funds to sell currencies. They can also invest the remaining part of the funds on a regular basis, and eventually get more More profit.

[xSkylarx]

I think to invest in Bitcoin you have to be big financially. If you want to benefit from the current value of BTC, you must make a big investment. If your investment is low then if BTC gets some increase you will have little. What will happen is nothing. If you buy 1 BTC, if it increases a little, your profit will be a lot. As the amount increases, so will the profit.

Yes, it should be a big amount, but to those who bought bitcoin a few years ago, it was a really big now; I'm not sure if they are still holding it or have sold it now that the price is so high. It's fine to buy a half or whole bitcoin now because there's a good chance the price will double again in the coming years if you believe in bitcoin. However, you are correct that if you have sufficient funds, you should buy in bulk or engage in trading, but this requires knowledge and time.

[Cindella]

Financial stabilizers can freely use their own funds, and there will be sufficient funds to support long-term holding of assets to obtain benefits.
People who do not have sufficient financial support will be subject to great limitations when investing, they have to invest within the risk of loss. When they need funds to meet their daily needs, they have to sell assets to pay for daily consumption.

[jossiel]

It is not mandatory however I believe with what all that you've said about someone's gain especially with the rich people. Those are the exact reason why they're getting rich.

They leave their investments while pursuing another one and it doesn't matter to them what will happen to that investment in a year or more. I've listened to an interview with a known tycoon in Asia and that's what he do, he invest and leave that and then pursue for another one. He's also aware of blockchain but didn't mentioned about bitcoin but probably he's also aware of it.

[so98nn]

I think most of the answers are mixed one here. But, I would straight away say that it's mandatory to have financial stability. I know very well that if I am trading or investing then I am doing it out of the purpose of solving my financial situation or either I wanna increase whatever I have in my hands! In both the cases I think I must be very cautious about it because once you loose the money in crypto world you start with new mindset of gaining that loss back and go beyond. But in the process you can end up loosing more than what you have.
If in that period you come across an emergency situation then what would you do is the big question. So yeah, invest responsibly and only what you can afford to loose.