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

[Natalim]

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.

In this scenario, its always a great advantage for those investors who are financially stable rather than those small investors who are always aiming for quick profits. I think its not really mandatory but investors who are already rich before they come up investing in crypto have high opportunities to gain more because they mostly invest with huge capital so the returns is definitely a bigger amount too. But for those average investors, investing on the amount they can afford to lose is their main concern so the moment they gained profits, its not literally big.

For me, financial stability is not an issue since the main purpose of investing is to make profits and become progressive. So once we became capable of making our profits huge, then it will still lead to financial stability. It's just a matter of hardwork and patience.

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[maju69]

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.

I think they already sold it, because how many times to split the Bitcoin certainly changed their decision and decided to sell some or all of it. That's far more than enough of a big profit and at this point most people buy Bitcoin at a pretty hefty price tag. With financial fulfillment, of course, it's difficult to just buy a few Bitcoins or half of them are already making big profits at this time.

[Fesatmas]

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.

Therefore, when stability is sufficient, at least one thing we must need, namely good management mastery. When you are looking for fun and are sitting on an island, it means that you want to calm all the turmoil that occurs due to uncontrolled financial management that leads to consecutive defeats.

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.

Well, that's for you. As for those who do not have a level of financial stability, such a large amount to me is very valuable, the level of opinion regarding the nominal distinguishes you and me.
Even with 200 - 300 Dollars I was able to survive the pandemic for more than 1 month due to not having a proper job.

[teosanru]

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?

Obviously, no matter how much we talk about percentages, a person with higher capital is actually earning a huge amount, 20% of $1000 is barely $200 while 20% of 1 million dollars would be equal to $200k, and also the effect of compounding also doubles up the gain these investors make. Secondly, talking about financial stability, I have always recommended people should invest in cryptos what they can easily afford to lose, it's only because of that fact because you might need to sell it at very low prices someday when you urgently need the money, therefore making it more or less unprofitable, Big investors make portfolios, they spread up their investments in different sectors and different crypto which definitely is a more organized and structured way of making investments, but yes the biggest thing especially in crypto space is that whales make easy money because they have access to information that a retail investor doesn't, also they operate most of the times in cartel making it even more profitable.

[BITCOIN4X]

Obviously, no matter how much we talk about percentages, a person with higher capital is actually earning a huge amount, 20% of $1000 is barely $200 while 20% of 1 million dollars would be equal to $200k, and also the effect of compounding also doubles up the gain these investors make. Secondly, talking about financial stability, I have always recommended people should invest in cryptos what they can easily afford to lose, it's only because of that fact because you might need to sell it at very low prices someday when you urgently need the money, therefore making it more or less unprofitable, Big investors make portfolios, they spread up their investments in different sectors and different crypto which definitely is a more organized and structured way of making investments, but yes the biggest thing especially in crypto space is that whales make easy money because they have access to information that a retail investor doesn't, also they operate most of the times in cartel making it even more profitable.

The greater the capital owned by an investor, the greater the profit obtained when price start to rise. But since investing is not just about making a profit, they should also think that there will be big losses if they have a lot of capital. Don't you think these two possibilities could happen in this highly volatile market?

Honest, suggesting people to invest in bitcoin is not our responsibility. This is a risky investment when the investor does not have good insight and experience as an investor. It would be much better to let them know that there is huge potential for bitcoin to make a profit in the long run, so save as much as they can afford. That's much more logical to suggest than asking them to put all the money they have into buying bitcoin they don't fully know what it's for. This means they can buy bitcoin with money they don't need to meet their daily needs. Little by little, over time it becomes a hill.

[Shenzou]

i Wouldn't say finicial stability but having enough to sustain your day to day things, so for me i started getting into bitcoin when i was a student i had to work part time to pay for my rent and food while also studying, what i used to do is i try to save up some money every end of the month by for example buying cheap food or not going out on some weekends and i would put back that saved money into bitcoin, because i believed that bitcoin is a good investment that would only get bigger with the years.

[Caldear]

For any investment to collect, financial stability is a very favorable condition.
Investors who are in financial stability do not have to think too much about the economic pressure outside of investment, they can concentrate on using their funds for investment. When the market price changes, most of them will not be affected by market sentiment and will not worry about economic losses and will choose to continue to hold the currency. Eventually they will become richer and there will be a bigger gap.

[fullhdpixel]

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?

Well, being financially stable is a good thing, because more money means that you will be able to make more money. You can’t compare an investor with $100,000 to one that has $1,000. The first will invest and still have enough money left to take care of himself and responsibilities that he has, but the later won’t have that much. And when it comes to making profit, the investor who is financially stable and invested a huge amount of money will make more profit than the one that doesn’t much money. So, being financially stable gives you a lot of advantages. But I still believe with accurate planning, even a poor investor will succeed.

[Wawa2013]

i Wouldn't say finicial stability but having enough to sustain your day to day things, so for me i started getting into bitcoin when i was a student i had to work part time to pay for my rent and food while also studying, what i used to do is i try to save up some money every end of the month by for example buying cheap food or not going out on some weekends and i would put back that saved money into bitcoin, because i believed that bitcoin is a good investment that would only get bigger with the years.

What you are doing is right, by living more frugally to be able to invest in Bitcoin. If indeed we want to become rich or change our economy for
the better, it is very important to invest in the right assets. Bitcoin can give us wealth and economic improvement, if we can invest in Bitcoin
in the long term. Because Bitcoin doesn't make us rich in a short time, sometimes it can take several years to make big profits from Bitcoin.
As long as we consistently collect Bitcoin and hold Bitcoin in the long term, then getting rich is just a matter of time.

[Bollexz1]

Yes I think financial stability contributes to being a successful gainer in the bitcoin investment but at the same time a trader needs to be confident about his/her trade. If you're the type that doesn't have a rocky mind, then investing is not meant for you.

[iv4n]

NO! I think Bitcoin proves that "no" in this case! People who benefited the most from crypto are not rich people, I believe the people who benefited the most are the people who believed in technology, people who had a passion for technology and awareness of what crypto can do in this world, and that's to change it from roots!
Now we can say it's not only the Bitcoin that proves it, but we also have many other coins started from scratch and just with dedicated developers, loyalty supporters, they are now where they are...

In the beginning, there wasn't money involved, just passion and hard work! That paid off too many, and it's still paying off... and it's not late to join, I think crypto only scratched the surface, there's a lot more to be done!

[just_Alice]

Not mandatory, but I'd say a very desired feature. I myself have been into situations when I'd sell my crypto because I needed money, even though that was extremely unprofitable, plus the fees were high. I knew that wasn't time to sell and I wouldn't have done so if I was financially secured otherwise.

I've learned my lesson and now I only buy when I'm confident that in the nearest future I won't need that money and won't have to sell.

Nevertheless, one can make a profit from short-term returns with alts, or daily trading, I don't think financial stability plays such a big role in these cases.

[Spack17]

I think that having financial stability is not mandatory but recommended. Because people who are financially stable can make more serious investments into Bitcoin whenever they want. And they wouldn't become so sad when they lose money. But when it comes to the other people, they think twice before making an investment. Because they should be extra careful compared to the rich people. If they lose it all, they can have bigger problems financially and psychologically.

[hello_good_sir]

NO! I think Bitcoin proves that "no" in this case! People who benefited the most from crypto are not rich people, I believe the people who benefited the most are the people who believed in technology, people who had a passion for technology and awareness of what crypto can do in this world, and that's to change it from roots!
Now we can say it's not only the Bitcoin that proves it, but we also have many other coins started from scratch and just with dedicated developers, loyalty supporters, they are now where they are...

In the beginning, there wasn't money involved, just passion and hard work! That paid off too many, and it's still paying off... and it's not late to join, I think crypto only scratched the surface, there's a lot more to be done!

But the people who benefited the most had no immediate needs that they had to fulfill, which allowed them to hold onto their investments in the first place. A poorer individual may recognize the potential of the technology but not be able to hold onto their position for extended periods of time.

I completely agree with OP, and I think that this past decade has really benefited those with patience and with wealth.

Both patience and an existing stable wealth seem to be prerequisites for successful investing no matter what field.

[Lanatsa]

Not mandatory, but I'd say a very desired feature. I myself have been into situations when I'd sell my crypto because I needed money, even though that was extremely unprofitable, plus the fees were high. I knew that wasn't time to sell and I wouldn't have done so if I was financially secured otherwise.

I've learned my lesson and now I only buy when I'm confident that in the nearest future I won't need that money and won't have to sell.

Nevertheless, one can make a profit from short-term returns with alts, or daily trading, I don't think financial stability plays such a big role in these cases.

Not all would really be having that kind of situation on where they do have always back up funds in case if things doesn't really tend to happen on what they had expected.

Even myself had put through situations like this on where I do need to sell on lose because I do really badly needing some funds for some personal reasons or emergencies on where it do
sucks when you do saw that theres some significant rise.

Situations like these are inevitable and cant really be avoided but if you do have funds allocated for such situations then I don't see for it to happen.

[famososMuertos]

The point here is that you always look at the investor from an individual point of view and from that perspective the road is very long, but if you are constant you can be successful, defining success as financial independence.

But the reality is that if you can start an investment based on a group of investors, the path is definitely shorter but the risk is higher and the skill is much greater, and in that sense it is a myth that great investors start with an individual capital. and they make it grow exponentially, well really two myths, a single investment and small capital that then turn it into millions.

Successful people in the investment business do not depend on a single asset and have generally achieved good capital, with bitcoin there is a romantic vision of being able to become millionaires, with little money, it was like that and it is still possible, only that every bitcoin share nowadays becomes costly for ordinary people who hope to make a million with bitcoin's trip to the moon.

Being a winner in bitcoin is something individual that depends on each of us on our expectations of what financial stability means, many people always want more or want to have more income but do not know how much, it is really that extra financially speaking that makes them happy but they do not know it and this is really important, because if you are going to be financially successful, you must know exactly what you want.

I always see or read that there are people who want bitcoin to reach a certain price, but what will happen on your life if the bitcoin reaches a certain price, on our local board a user at the beginning of this year bought his apartment, it was his moment and for me just at that instant he reached his financial stability with bitcoin for your life goals.

If you understand the point, it is about what you achieve in life with the passage of time if you are young it is obvious that there is impatience for not buy a house, a vehicle, etc. it is about the individualities in the objectives that each of us have, There is a slow process of life to reach the material things in life that define us as successful individuals, a house, a family and money, I always mention it that way "money," so, if the way to get to money is a common job, ok, if it's an unusual job, ok. it is an investment ok, an inheritance, ok

In reality, I am interested in my financial stability because of my achievements because of my effort and / or because of my ability to earn money and that gives me the financial stability to have a satoshi and be happy.

Bitcoin is desired as an asset to earn money, but you have to be honest and understand what you want as a return, but regardless of that I like the romantic idea of ​​being part of bitcoin without measuring my success in the bitcoin world by its attractive of value... I'm sorry I got excited about the topic.

[Botnake]

Not mandatory, but I'd say a very desired feature. I myself have been into situations when I'd sell my crypto because I needed money, even though that was extremely unprofitable, plus the fees were high. I knew that wasn't time to sell and I wouldn't have done so if I was financially secured otherwise.

I've learned my lesson and now I only buy when I'm confident that in the nearest future I won't need that money and won't have to sell.

Nevertheless, one can make a profit from short-term returns with alts, or daily trading, I don't think financial stability plays such a big role in these cases.

Not all would really be having that kind of situation on where they do have always back up funds in case if things doesn't really tend to happen on what they had expected.

Even myself had put through situations like this on where I do need to sell on lose because I do really badly needing some funds for some personal reasons or emergencies on where it do
sucks when you do saw that theres some significant rise.

Situations like these are inevitable and cant really be avoided but if you do have funds allocated for such situations then I don't see for it to happen.

Worst things will only happen if you are not prepared for it. But if you have back ups aside from the capital you had invested, then you won't meet such situations like that. It's a good thing that we should not just depend much on our investments. It has no guarantee when will it create profits so better find a job that will sustain our basic and emergency needs.

Financial stability has nothing to do with the outcome of your investments. Although it has an edge but in the long run, its your skills and strategies will matter the most. As long as you won't sell in the dip, then you are not losing anyway.

[carlfebz2]

Not mandatory, but I'd say a very desired feature. I myself have been into situations when I'd sell my crypto because I needed money, even though that was extremely unprofitable, plus the fees were high. I knew that wasn't time to sell and I wouldn't have done so if I was financially secured otherwise.

I've learned my lesson and now I only buy when I'm confident that in the nearest future I won't need that money and won't have to sell.

Nevertheless, one can make a profit from short-term returns with alts, or daily trading, I don't think financial stability plays such a big role in these cases.

Not all would really be having that kind of situation on where they do have always back up funds in case if things doesn't really tend to happen on what they had expected.

Even myself had put through situations like this on where I do need to sell on lose because I do really badly needing some funds for some personal reasons or emergencies on where it do
sucks when you do saw that theres some significant rise.

Situations like these are inevitable and cant really be avoided but if you do have funds allocated for such situations then I don't see for it to happen.

Worst things will only happen if you are not prepared for it. But if you have back ups aside from the capital you had invested, then you won't meet such situations like that. It's a good thing that we should not just depend much on our investments. It has no guarantee when will it create profits so better find a job that will sustain our basic and emergency needs.

Financial stability has nothing to do with the outcome of your investments. Although it has an edge but in the long run, its your skills and strategies will matter the most. As long as you won't sell in the dip, then you are not losing anyway.

Always set back-ups and its a must thing to be considered first before joining any investment because there's no such guarantee that you could make money and thats why preparing for something situation is a must.

Financial stability is not something that all people could have and some do invest with loan amounts because they do gamble out on something which they do seem to be worth to risk and if it did go well then
thats the time they do repay those loans.
I can say its risky but there are people who do really love to play with fire.

[ROSEDF]

If you don't have stable income, you won't invest in Bitcoin.
The prerequisite for investing in Bitcoin is rich investment and asset stability.
The important thing in investing is to learn how to invest. Don't just invest casually just because you have more money.
It is also possible for the wealthy to invest in Bitcoin to become nothing.

[Helen-cty]

I can’t say absolutely, but I think most of them are in the hands of economically stable people. The ability to experience stability will be less stressed than others, and their mentality must be more stable, and their financial management skills must be very strong, and success is also It makes sense. Although my wealth has not reached a certain level of wealth, we can make planned investments within our capabilities so that we can reduce pressure.