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

[Strongkored]

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

Yes, not only when investing in Bitcoin requires financial stability but also in all investments, what makes a person most unsuccessful in investing in Bitcoin is because they will expect success in short term, even though investment is long term, and often when someone who doesn't have a stable income will be very possible to sell his crypto assets regardless of whether the conditions are positive or negative to meet urgent needs.

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[Rasa nanas]

obviously rich people will get bigger profits because they use bigger capital. if you use unused money for investment you can also become a long term holder and earn big profits. it doesn't matter how much money you invest, but you have to be able to adjust the income with the investment value.

[dothebeats]

It certainly helps, but I don't think it's mandatory.

There are those who went rich from bitcoin who were not really well-off back then, and are just trusting everything to go well for the cryptocurrency. They had balls of steel to believe in something that was not "plausible" at the time, and they were lucky enough to still be here when the world saw bitcoin's potential.

Even today, one can still be a gainer if they believe in bitcoin, and set aside something and consider it as an investment for the future.

[Sanugarid]

Not mandatory but it can help you make more money much faster since you can invest more money and can help you return your investment with a big profit margin in the same time as someone that's started from square one.

[barbara44]

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 is a requirement for anything that is wealth related, could be stocks, could be forex, could be any investment, you can't even buy silver if you do not have financial stability. Life is hard and people are acting as if having absolutely no idea of where the next check is coming from is fine, and it is not fine, being a salary slave is not the solution, but being unemployed is not it neither. So what should you do? You should work as a worker somewhere for a salary for a while until you gain your financial independence, if you could have some saved aside then you could work towards becoming more and more independent.

I worked for around 4.5 years in my life for someone else, after that I became a freelancer because I had the courage and the business network to do that, been doing the same work for years now and I can't be any happier, it is the best years of my life, best job I ever had, and it allows me to save some money aside most months (unless there is an emergency I have to spend money on).

[Levero]

When the financial stability is stable, the funds can be freely used for investment.
When investors use more funds to invest in bitcoin and have more capital, they will get more profits as the price rises.
And bitcoin can bring investors more economic benefits and wealth freedom. If you own bitcoin for a long time, you can get economic improvement and get more profits.

[jossiel]

Not mandatory but it can help you make more money much faster since you can invest more money and can help you return your investment with a big profit margin in the same time as someone that's started from square one.

And you won't be hurt that much if your investment in bitcoin isn't that much moving or is in losses.

Because you're someone who's financially stable and you've got other sources of wealth and income, it's just nothing to you and you'll hold for so long because fluctuations don't matter to you.

[ILuckyGuyI]

Being rich is not mandatory to invest into some coins. But it is much more advantageous of course. Because as you have a lot of money already, you won't be so sad even if you lose all of your money. But the situation is completely different for a poorer person. They think twice or even more before making some investments. They care about investing an amount which they can afford if they lose it more than rich people.

[sana54210]

Being rich is not mandatory to invest into some coins. But it is much more advantageous of course. Because as you have a lot of money already, you won't be so sad even if you lose all of your money. But the situation is completely different for a poorer person. They think twice or even more before making some investments. They care about investing an amount which they can afford if they lose it more than rich people.

Rich people do get sad when they lose money as well, because it is usually higher amount for them as well. If you are a person who has 100 bucks and you lose just 1% of that, that would be 1 dollar and nobody would be sad for that, but if you are super wealthy and have 100 million dollars then losing 1% would mean that you would lose 1 million dollars and you would get sad about that very easily.

Obviously the advantage of being a wealthy person is that you do not have to lose that money and hold to your bitcoins and wait for it to go up whereas when you are poor if it goes down too much that is your whole life savings that could be going to zero and people get super upset about it and may end up selling to save the remainder while the price starts to go back up afterwards making them even sadder. Being rich is a great thing in life, for many things, being a trader is not one of them.

[Charot12345]

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?

Rich people become rich day by day, I think it was because of their mentality. A rich people are not afraid of losses. They always learn from it so that they won't fail next time. So they became sucessful each day.

Big investors stable financially so that they can hold how much they want without using it for a long time because they have extra money for the things if they want to spend.

Finacial stability is not really a mandatory but a very big advantage. If you are financially stable, the chance that you give up or be scared when the price drop is lesser. It was not mandatory because the things that are mandatory on bitcoin investments is your strong will, patience, be wise and set a rich & winning mindset.

[TheUltraElite]

Rich people become rich day by day, I think it was because of their mentality. A rich people are not afraid of losses. They always learn from it so that they won't fail next time. So they became sucessful each day.

One can always look back into the history of rich people and if they are critical enough - they will be able to understand how a rich person actually became "rich". Not everyone is born rich, many people become rich because of their actions. Hence it is wrong to assume that they are not afraid of losses. Rather the truth is that they have learnt from being poor at one time and now they are not spending their money in things they dont need.

Risk taking attitude can be present in any person be it rich or poor. When someone has earned their money from hard work, be it rich or poor, they will have more attachment to their wealth and will not waste it. But someone who got that money from illegal methods will always want to spend it away and take more risks with it.

Again rich does not equal financially stable. Rich or poor is a relative term. Financially stable is theoretical term which depends on how you manage your earning and expenditure.

[Dread Pirate Roberts]

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

Yes, actually anyone can manage their finances to be included in financial stability. but it may be much smaller than people who have large capital
and large financial stability as well. yes in essence to back up capital. just like stocks trader in bank, they will always have more back up money to make a profit if something not work as predicted.

[Ryder Kudrow]

Financial stability does help crypto investment. People with sufficient funds are more willing to take risks. They can invest more funds and hold them for a long time.
People with unstable funds may not consider investing first or they use very little funds to invest because they must reserve enough funds to support their daily lives. They are also more susceptible to market sentiment. When currency prices fall, they will panic and sell, which is more likely to cause economic losses.

[molsewid]

Yes, not only when investing in Bitcoin requires financial stability but also in all investments, what makes a person most unsuccessful in investing in Bitcoin is because they will expect success in short term, even though investment is long term, and often when someone who doesn't have a stable income will be very possible to sell his crypto assets regardless of whether the conditions are positive or negative to meet urgent needs.

This is the mostly the type of scenario when an investor is not financially stable this not only happen in bitcoin investment but also in any form of investments. The possibility to sell their crypto because of the contingency to meet their need is highly probable. There we could distinguish clearly what's the difference between an investors with a financial stability to an investor without a financial stability. Rich investor has a high probability to keep their investment in a long term because they don't have the urgent to meet that they must ended up selling their asset that made in invesment.

[magnum1010]

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?

I see that only big investors can really make money on Bitcoin. As when you invest 1 million of dollar in Bitcoin and it increases by 10 per cent, you get 100.000$ what is also a big profit, but if you have only 100$, you get only 1 dollar while the same growth. So for small investors it is more preferred to invest in something more risky. As I am also a small investor, I invest in defi-projects that give me around 50% apr.

[oHnK]

Yes, not only when investing in Bitcoin requires financial stability but also in all investments, what makes a person most unsuccessful in investing in Bitcoin is because they will expect success in short term, even though investment is long term, and often when someone who doesn't have a stable income will be very possible to sell his crypto assets regardless of whether the conditions are positive or negative to meet urgent needs.

This is the mostly the type of scenario when an investor is not financially stable this not only happen in bitcoin investment but also in any form of investments. The possibility to sell their crypto because of the contingency to meet their need is highly probable. There we could distinguish clearly what's the difference between an investors with a financial stability to an investor without a financial stability. Rich investor has a high probability to keep their investment in a long term because they don't have the urgent to meet that they must ended up selling their asset that made in invesment.

I have the view that it is true that those who will get a bigger gain are those who are financially stable, but it should be underlined that unstable ones still have opportunities.  We understand very well, especially for the crypto market which is the most risky market, meaning that this is where it is very important to have stable finances otherwise it will be very risky to starve to death if it is too extreme.  Opportunities for the poor are smart work and extra effort, because we can fight against the privileged with just a hundred times their effort.

[BITCOIN4X]

If it refers to the notion of investment, it is appropriate for an investor to invest with money that is no longer needed to meet daily needs. This will influence them to maintain the target they want to achieve within a certain period of time in a way that is not affected by price volatility, for example. So it is natural that investors who have a lot of capital will get greater profit compared to day traders or short-term investors. If you have 100% in the money and really want to invest then make sure you don't use all of it to invest as it can prevent you from reaching your target. You should save at least 30% of your money for daily use while hoping that 70% of what you invest will pay off. So the poin is financial stability greatly affects the success of an investor to achieve a commensurate return on the investment he makes.

[Marcorey]

Financial stability is conducive to Bitcoin investment. When there is sufficient funds, there is a large amount of funds to invest in Bitcoin in addition to the funds needed for daily life. The more funds invested, the more you will gain when the price rises. Bitcoin can bring us the freedom of economic wealth. Bitcoin will not make investors rich in the short term. But long-term holding of Bitcoin will eventually make high profits.

[South Park]

Financial stability is conducive to Bitcoin investment. When there is sufficient funds, there is a large amount of funds to invest in Bitcoin in addition to the funds needed for daily life. The more funds invested, the more you will gain when the price rises. Bitcoin can bring us the freedom of economic wealth. Bitcoin will not make investors rich in the short term. But long-term holding of Bitcoin will eventually make high profits.

Correct, those that do not have money saved cannot invest in anything and that includes bitcoin, and in order to have some money saved then you need to have financial stability, after all it is known that this is how humans work, only those that have some spare resources can take the time to invest their money and time in something that is experimental, the ones that do not have that kind of savings need to concentrate first on how to generate more income instead.

[Finestream]

Financial stability is conducive to Bitcoin investment. When there is sufficient funds, there is a large amount of funds to invest in Bitcoin in addition to the funds needed for daily life. The more funds invested, the more you will gain when the price rises. Bitcoin can bring us the freedom of economic wealth. Bitcoin will not make investors rich in the short term. But long-term holding of Bitcoin will eventually make high profits.

And by simply buying and holding of bitcoin, then even if you just sit the whole time, good profits will really come to you depending on how many bitcoin you hold. But i really don't believe that at least you should be financial stabilized so you can make profits in bitcoin. Yes, i admit those who have financial stability can create bigger opportunities to make profits but even if you are just a middle class investor, you will still make profits but maybe smaller compared to those who invested a large amount.

We can invest starting with a minimal amount and when we make profits after that, then we can start increasing our capital too. By that time, we can expect higher profits that once end up successful, we can have a stable finances after that.