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

[The Cryptovator]

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?

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[NeuroticFish]

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

Either that, either strong balls 
One important rule is to never invest what you don't afford to lose.
If one invested into Bitcoin and his financial status is not good, as soon as the price will drop there's a huge chance he'll panic sell.
Simply put, without financial stability people may just buy high and sell low.

Of course, there's an exception: people with strong belief, people with a certain mindset, and as I've over-simplified it at start, with "strong balls".

[Jawhead999]

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.

[TheUltraElite]

why do you think most big investors are gainers and why most small investors can't gain.

Someone buys 10times of an asset priced at x$ and someone buys 100times of that same asset at the same price. When the prices rises, the proportion of profit is equal to the ratio of the buying volume. That is the only difference between the big and the small investor. Logically they are both gaining. But the extent to which the gain is happening depends on their investing capital.

I am a real example of that recently.

Sorry to hear that, but I think having a day job is the first thing in order to have a stable income first. You can rely on that whenever you need. Keeping bitcoin investment as a side earning is the key here. Along with that one would need to have some fiat based investments too. Being financially stable would mean being able to juggle all these three things. Of course you may compromise depending on how lenient your local laws about crypto are.

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

Hierarchy of needs. After air, water, food, shelter you need money to buy things you need. Once you are able to save from that you start investing. So first you become a stable earner then you start investing.

[Coyster]

If you're not financially stable in the first place, you'd not be able to invest/buy Bitcoin, except of course if you have a skill or you're rendering a service and being paid in Bitcoin, but having that extra money in real life goes a long way to determine how long and how well you'd be able to invest in the Bitcoin network. For example, if your salary in real life is unable to cover for your daily expenses, there is no way you'll be able to delimit a fraction of it to invest in Bitcoin, meaning you would either invest very, very little, or nothing at all.

I mean, financial stability is essential in any investment, you cannot invest everything you have, thus you need to have at least enough to invest and still have much more to pay fees, bills, travel etc. The only way one could prolly invest or gain in the network without being financially okay is by taking risks through requesting for loans, borrowing money or investing far more than they can afford to lose, but that is very wrong and can cause problems for the individual, thus if we're to eliminate this wrong aspect as a means to invest, then you need to have a fair amount of financial stability or a skill/offer a service (and prolly be paid in Bitcoin) to make good ROI from the network.

[Charles-Tim]

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

Yes, anyone that is not financially stable can not invest, or such person will invest but later have no option than to withdraw, or see little gain and be attracted to it easily and withdraw. There are a lot of circumstances that can result to people that are not financially stable not to invest at all or to withdraw their holdings, investment generally are for the people that are financially stable.

But there will be some people that are not that rich but average and yet know the benefits of holding Bitcoin, such people can hold Bitcoin for long too and yet be positive about tomorrow outcome of it, that the price will sour to all-time-high again and again which can take long for each all-time-high but will surely happen also as fiat are still a depreciating asset. Even there will be some people that do not have up to one bitcoin and hold the amount for long which can even be 10 years, but financial stability is needed for the person to be able not to withdraw his holding.

And one more last thing is that it is not about being rich before someone is financially stable, someone that has sufficient income should be financially stable, the person may not even have up to one bitcoin and yet hold for long time all because he is finally stable but yet not a big investor. It is not only big investors that are finally stable.

[Kong Hey Pakboy]

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

Not necessarily stable financially but you can get an advantage with that since you are going to enjoy more profit when the investment starts returning profit, take me as an example, started out with nothing but just typing here and so far I am able to buy whatever I want whenever I want since I have the money. Going from zero isn't going to be a problem, it takes some time to get a big profit.

[Wexnident]

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

Well to gain money from investment doesn't necessarily need one to actually have stable finance, but it does give you better hold on your mindset since you're technically investing something you can afford to lose. Heck, I myself would panic if I suddenly spent all of my savings and whatnot to invest into something hoping that it could bring me profits that would make life a lot easier. It's painful, yes, but there's nothing most small investors do. They're almost doing a super gamble most of the time whenever they try to invest.

[skarais]

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

This is not mandatory, but has a big impact on the amount of profit that may be generated. I remember one word of wisdom that all small investors in bitcoin can consider and that is "Be poor for a while if you are interested in investing, you will be profitable in a few years".

It is true that there is a financial burden that small investors have to think about after they invest in bitcoin because they still need money to meet their daily needs. It is difficult to invest in the long term if there is no other income that can help make ends meet. It is quite possible for small investors to sell some bitcoin just because they need money and it will be difficult for them to make big profit because of this.

It is justifiable that investors with stable financial condition can hold bitcoin in the long term without paying too much attention to market condition and they will get a commensurate return compared to the risk involved.

[20kevin20]

It's one of the main reasons I always say consider the invested money as "lost". Say you timelocked your coins until 2030. What would you do? Die of hunger? Never pay rent again? When you put money in crypto, think of it as if you went to a restaurant every X days and spent that invested amount on food. Would you ever be able to withdraw that money? No. So... consider it lost. It's not mandatory to be financially stable to invest in Bitcoin. Studies did show that, at least until today, investing just a COFFEE worth of Bitcoin per day could change your life over the years.

[sisikin]

Investment cannot be made without economic support.
You can set aside a portion of the funds for investment every month. But also to ensure a normal life.
The important thing is to learn to invest.

[YOSHIE]

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.

Are we talking about the real world, the rich are getting richer....! Is life fair from a financial point of view.

I am aware of money vs. money make (money), how sure are you about it, I'm very sure, someone invests Bitcoin, obviously he has a lot of money invested, this doesn't just happen to Bitcoin, it can happen to other outside/real businesses.

What you say I have no doubt 100% I have to admit it, true story: there is in my country the highest official he has a position in a government office in the field of finance, he knows about Bitcoin and invests, in 2019 he bought 30 Btc, in 2021 he sold yesterday, his wealth was double what he had at that time, obviously he is getting richer.

With that incident I thought, investing in Bitcoin, if someone doesn't have money, wealth is only day and night, the person will not succeed and will never be rich, rich get richer because of money vs. money makes money, for that they will get richer get richer, if hoes vs. very long money can be rich and also cents vs coins, long enough it can be a hill.

[paxmao]

I recently published a post on the same line: is it easy to hodl if you are already "rich". My personal answer is that once you have your basic needs, including financial stability covered, it is much easier to do anything else, including achieving great results with crypto and bitcoin in particular. Crypto is a risky venture in general, with wide swings in price, unclear regulations and a wild west aroma. All that is what attracts two types of people: those who have little to loose and those that have little to fear.

[mk4]

It's really a combination of a lot of things, including things like financial stability that can definitely help with investing in general. But really? In my earlier days I managed to multiply my net worth just by holding bitcoin, without even having a stable source of income. You're only really forced to sell your BTC if your only source of income is concerning bitcoin; which isn't necessarily bad, but it's really really beneficial to have multiple sources of income, and not solely rely on BTC price increases and Bitcointalk campaigns.

[cafucafucafu]

This is 100% spot on.

The thing that separates the poor from the rich is often not the sheer amount of assets that they hold, but the attitude that they have in regards to investments.

If you are financially well off then you can afford to hold onto positions for much longer, cover any margin calls, and overall sustain your investment horizon. Poorer individuals would often have to sell their assets to cover basic expenses. It's a positive feedback loop of wealth in essence.

[AicecreaME]

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?

Financial stability isn't mandatory to gain big profit from any investment. However, it plays a great role in achieving what you want in life. Money is necessary in order to start off something. Sure, skills, talents, and your characteristics can be of great help but without money, you can't pursue or establish your goal.

Those people who are financially stable have safety net that catches them whenever things don't go the way they planned it to. They will be able to bounce back again faster compared to those people who really have none. The people who also have enough money on their bank accounts don't have to worry much if they will continue holding or they will withdraw because they are used to gambling. They can afford to lose because they always have back ups. Which I really commend because in crypto or any investment you should really just invest what you can afford to lose. There are just instances where people risk all in despite knowing the golden rule to perhaps try to gain because of desperation.

Despite not having financial stability, one can still achieve and gain in crypto. He just have to be determined, strategic, and resourceful enough to gain. In addition, patience and strength of heart will also be one of the great factors to gain.  He must not be easily shaken and must be willing to hodl for long term. Unless of course, emergency situation arises such as need for funds. This one is the really big difference between the financially stable investor and financially unstable investor - the latter will be forced to sell or withdraw his assets to support his needs in life, meanwhile, the former can continue to hodl as long as he wants. But both can gain depending on their methods and decisions, it's just that the financially unstable is at disadvantaged side.

[bitzizzix]

Financial stability and mindset and Rich people don't just take risks or make decisions, they have done research and analysis first, then set the most suitable choice for their financial and business needs and supported by their existence, and most of the rich people can afford investing large sums of money over a long period of time is supported by needs that are met outside of investing and also limiting purchases that are deemed unimportant and another reason most wealthy people live frugally and consider buying or not.
and the difference with ordinary people is that their limitations and financial conditions are not as fortunate as rich people, and the investments made are wise because they also have to meet their needs. and if one day they need it, like it or not, they have to sell it even though they don't really want to sell it and what is clear is that rich people and ordinary people have many differences, especially financial and mindset.
and besides that ordinary or simple people invest bitcoins only to be used as a reserve fund when they need it and though it doesn't make as much profit as rich people, and rich people invest in bitcoins to grow their wealth in the long term and as long as they don't need it.

[Lucius]

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

It's no secret that a smart man with a lot of money can easily create even more money, and that he can even afford to lose his investment sometimes, while on the other hand most ordinary people in the world still live in a way that they lack money, which again means taking loans and credits from banks to be able to meet some basic human needs.

Therefore, it is not realistic to expect someone to be hungry or in need of renovating a house or buying medicine, and at the same time refusing to sell cryptocurrency, although he assumes that it will be worth much more in the future.

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. 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?

[fiulpro]

Financial stability makes sure that you can take chances in the market, when we are talking about normal people, at the end of the day, they try and invest but they have their own limitations. When you are financially stable, you can do a lot more, you can invest, hold, trade and even exchange, that too on a bigger scale. The Rich people have that advantage for sure, at the end of the day the only bad thing that might come out of this is the probability of these people becoming whales and then manipulating the price according to their own benefits, which I do think is very low, since that takes away any power from the small Investors. I do think it's not mandatory but it gives you benefits as a whole. Other than that, you can invest in small parts but make sure the follow the market.

[Gozie51]

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

Yes, anyone that is not financially stable can not invest, or such person will invest but later have no option than to withdraw, or see little gain and be attracted to it easily and withdraw.

Of course the people not classified as the big money holders or whales can also have some shot on making it big, What happens to taking a chance and luck? Luck can shine into such people who believe. I think the greatest obstacle against wealth is the mind. If we limit our mind from thinking and planning big then  we stand limited and we can't take chances to opportunities we see.

Cryptocurrency investment is a big example to how you can stumble into wealth and greatness. The example of just hodling bitcoin is enough to convince us on that. We already seen people making it around us and some of us too are testimonials to this. Gone the times where only wealthy and financially known families make wealth because of the huge capital commitment for it, not these times. Is a little easier but believing is the greatest weapon to getting there in life