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

[perfect999]

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.

Mandatory? No. Helpful? Definitely. If you have financial stability that means there is a good chance you know what you are expecting from your own finances. Let's say that you have been working in the same company for a while, few years, and there is not that much of a chance for you to get fired right now, that means for a few more years you will keep working there by all accounts unless something unexpected happens and you can calculate your salary and make investments accordingly.

This doesn't mean that if you do not have any financial stability that you can't make any investment at all, there are still ways you can as long as you have some excess money at the end of the month.

[Hamphser]

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

Having gains or profits in Bitcoin investment doesnt really need for you to have that financial stability but somehow it is actually an advantage compared to those who do have average or just ample for you to invest on

without having other source of income because if you dont have much problem about finances then you could always be versatile towards your actions in the market which is a plus because of this unpredictability of the

market then you could think off on possible ways for you to recover or even cut-loss which you wont really be minding much nor getting stressed since you do still have back up funds.

[Ausgewielt]

I think people who have a lot of fund will have opportunity to gain bigger profit. But it's not a guarantee. In my opinion, people who can gain profit from this investment are those who buy and sell in correct time. I only have small amount of money but it always doubled every bullish market trend. So I sold at that time then buy btc again when bearish market trend happen. Another example is, I bought TRX at lowest level at bearish market few weeks ago and now if I sell it then I can get 200% of profit, but I will not sell it now because I think bullish market trend is even not starting yet. So in my point of view, investing in bitcoin and other cryptocurrencies need knowledge and experience, not just big fund.

[Viscore]

I think people who have a lot of fund will have opportunity to gain bigger profit. But it's not a guarantee. In my opinion, people who can gain profit from this investment are those who buy and sell in correct time. I only have small amount of money but it always doubled every bullish market trend. So I sold at that time then buy btc again when bearish market trend happen. Another example is, I bought TRX at lowest level at bearish market few weeks ago and now if I sell it then I can get 200% of profit, but I will not sell it now because I think bullish market trend is even not starting yet. So in my point of view, investing in bitcoin and other cryptocurrencies need knowledge and experience, not just big fund.

Bitcoin investment gives equal opportunities to whatever your social status is. But knowing rich people have definitely more funds to invest, so their opportunities to double their profits is bigger compared to those who only invest from a middle class. Still, i don't see financial stability is mandatory to be a gainer in bitcoin investments although its really a big factor but being knowledgeable and flexible are still the most important things so you can be profitable. There are those who came from a poor family but end up very successful in bitcoin because they have the full determination and persistency to learn and develop their own strategies so they can avoid losing often and maximize the profits. So being financially stable is not a guarantee, its simply being the best of you that will attract more success in life.

[pinggoki]

Only rule of thumb everyone should follow is don't invest what you can't afford to lose. If you fail to do that and your assets went downhill, you're properly fucked. That being said it is true that the biggest winners are the ones who invest the biggest bags. But those who really win here are the ones that have the balls of steel and would invest their money, wait until the market is much more favorable, and then take the winnings, those are the ones that deserve my salute.

I think people who have a lot of fund will have opportunity to gain bigger profit. But it's not a guarantee. In my opinion, people who can gain profit from this investment are those who buy and sell in correct time. I only have small amount of money but it always doubled every bullish market trend. So I sold at that time then buy btc again when bearish market trend happen. Another example is, I bought TRX at lowest level at bearish market few weeks ago and now if I sell it then I can get 200% of profit, but I will not sell it now because I think bullish market trend is even not starting yet. So in my point of view, investing in bitcoin and other cryptocurrencies need knowledge and experience, not just big fund.

Long as the guy who invests have prior knowledge about investing in the first place, he should be good to go. The thing about having much more money is that you can diversify your assets, this will minimize your chances of overall losses and therefore will allow you to win more. The poor and the ones who are less fortunate do not have this luxury so we see small-time investors losing all of their stuff in one go.

[bitgolden]

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.

Yeah, we need to be financially stable so that we could make long term investments which must be too essential for making big profits out of bitcoin investments. If you do not have regular income and you are not financially stable then you may disturb your long term bitcoin investments before the planned time duration is achieved. It means your planned long term investments may get into a sort of short term trading which may even suitable to concise as active trading as well.

[jossiel]

I think people who have a lot of fund will have opportunity to gain bigger profit. But it's not a guarantee.

There is no guarantee but the favor is with the person that has a bigger fund and likely to be financially free.

Have freedom in investments that he choose like owning bitcoin and won't be too thoughtful if the market crash overnight.

[Quidat]

I think people who have a lot of fund will have opportunity to gain bigger profit. But it's not a guarantee.

There is no guarantee but the favor is with the person that has a bigger fund and likely to be financially free.

Have freedom in investments that he choose like owning bitcoin and won't be too thoughtful if the market crash overnight.

One of the advantages of those people who had really money to spent on or simply those rich ones and this isnt talking about being mandatory because we are all striving to have lots of money and thats why people do end up lots of ways or methods for them to achieve that certain state and not all do really end up on being successful thats why even if we do like it or not then we would be surely experiencing the reality.
We are trying our best to gain profits for us to obtain such condition or state.This is why it would be only possible through investment and become successful into it.

[finaleshot2016]

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

No, I know a lot of people who started at the bottom with little experience and expertise and are now millionaires because of cryptocurrency. So, in my opinion, financial stability is not a major determinant in becoming a millionaire because small investors may also hold their assets if they have the ability to do so. It's true that wealthy people don't mind if bitcoin prices fall because it's a long-term investment with a small amount of money at stake, but if small investors are also thinking about it, assuming that they've entered crypto for investment, then they should hold until it gives them huge gains and then diversify into other assets until they become millionaires.

[AndySt]

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

No, I know a lot of people who started at the bottom with little experience and expertise and are now millionaires because of cryptocurrency. So, in my opinion, financial stability is not a major determinant in becoming a millionaire because small investors may also hold their assets if they have the ability to do so. It's true that wealthy people don't mind if bitcoin prices fall because it's a long-term investment with a small amount of money at stake, but if small investors are also thinking about it, assuming that they've entered crypto for investment, then they should hold until it gives them huge gains and then diversify into other assets until they become millionaires.

Oh, I think that for this number of lucky people who got rich, there is a much larger number who could not do it. When you have a small amount of capital, then you have to take more risks compared to richer players and, accordingly, a much greater chance of both winning and losing. And according to the laws of the market, there are always more losers than winners. And unlike more affluent players, small players for the most part will not have so much time and opportunities to hold on until the very end and be in a big win. By the way, everyone perfectly remembers the names of the lucky ones and winners, but few people keep in mind the names of losers and those who lost 

[lienfaye]

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

Well not really, anyone can gain huge in his investment with a right plan and strategy. If we know to ourselves that we are not financially stable then dont force to invest the money that is meant for important things. Just invest the money that you can live without so you wont count on this money incase emergency occur.

While its true that rich people are huge gainer because money is not a problem for them, but I believe an average investor can do it too by working hard to sustain his needs and not relying with his investment's profit.

It takes an effort to succeed so if you are lazy to work then its unlikely for you to gain huge.

[kanayaTabitha]

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.

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

In any investation money is compunding, rich people become richer quick is because they already have a lot of money to compound and the return is a lot of money also. People who already start with small capital will also receive small returns too. So for small investors it takes time and patience to become rich and i'm sure the rich people are also struggling back then when they are only a small investors, patience bring them to the rich life.

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

To become a good investor, yes.
Because we have to seperate our daily consuming money and investment money. We should always have 3 times of our monthly needs in our savings before we invest to anything in case to save our investment from withdrawing because we don't have money anymore for our daily needs.
Moreover with crypto investment, veterans said that we have to only invest the money we can afford to lose because crypto market is ruthless

[xSkylarx]

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

No, I know a lot of people who started at the bottom with little experience and expertise and are now millionaires because of cryptocurrency. So, in my opinion, financial stability is not a major determinant in becoming a millionaire because small investors may also hold their assets if they have the ability to do so. It's true that wealthy people don't mind if bitcoin prices fall because it's a long-term investment with a small amount of money at stake, but if small investors are also thinking about it, assuming that they've entered crypto for investment, then they should hold until it gives them huge gains and then diversify into other assets until they become millionaires.

It is not just about holding, because when we think of investment, we only think of holding; it is also about trading and investing in a promising coin. That is spot trading, which can result in a huge profit if a bull run occurs. Even if we have enough money to hold the coin, there are many risks involved in doing so, so we should learn first before jumping in.

[jossiel]

I think people who have a lot of fund will have opportunity to gain bigger profit. But it's not a guarantee.

There is no guarantee but the favor is with the person that has a bigger fund and likely to be financially free.

Have freedom in investments that he choose like owning bitcoin and won't be too thoughtful if the market crash overnight.

One of the advantages of those people who had really money to spent on or simply those rich ones and this isnt talking about being mandatory because we are all striving to have lots of money and thats why people do end up lots of ways or methods for them to achieve that certain state and not all do really end up on being successful thats why even if we do like it or not then we would be surely experiencing the reality.
We are trying our best to gain profits for us to obtain such condition or state.This is why it would be only possible through investment and become successful into it.

It's not mandatory because not everyone are in that situation.

For those fortunate traders that have a big to start with, they're on a better situation but the results will still lie on their hands how they're going to trade.

[irsykes]

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

Not mandatory but if people with less assets have big possibility to sell their bitcoin because something unexpected. Not like people who have a lot of money who made investment beside his main salary and maybe already have savings. Not far to mention, sometimes when i want to hold my bitcoin, and then i forced to sell it in any price because need urgent money, i don't have much choice beside selling my assets although price still in lower position.

[sana54210]

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

Not mandatory but if people with less assets have big possibility to sell their bitcoin because something unexpected. Not like people who have a lot of money who made investment beside his main salary and maybe already have savings. Not far to mention, sometimes when i want to hold my bitcoin, and then i forced to sell it in any price because need urgent money, i don't have much choice beside selling my assets although price still in lower position.

Whenever someone mentions stability, we imagine people with a lot of money who are stable and people who are poor that are not stable. However, stability means stream of money coming in one way or another, if it is consistent, like a salary then we can consider it stable, but if it is moving around too much and you earn 1 one month and 3 another month and 2 the next one, that is not stable.

It means there are poor people who get a tiny salary that are financially stable because they get money consistently the same amount, and we have people who are getting crazy amounts of money like Jeff Bezos whose money is not financially stable at all, it is wildly unpredictable how much he will earn. This is why stability is mute point, it is mandatory to have enough excess money to invest into crypto, but that could be unstable and unpredictable as well.

[redsun114]

This is why stability is mute point, it is mandatory to have enough excess money to invest into crypto, but that could be unstable and unpredictable as well.

If you have excess money then you never bother about stable income (at least in short term) hence in my perspective, financial stability is not only dependent on your regular income but also dependent on your savings and investments. Overall, we can conclude that we are financial stable when we are able to rise some big money on requirement without going for loans or anything similar to that.

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.

When you are not stable financially then you cannot even plan for any investment at first hand. Only after that, you may think about long term holding. So, being financially trouble-free needs to be a basic eligibility criteria for thinking about bitcoin investments as bitcoin investment always requires long term holding.

[Aurorra]

Only when sufficient funds are available can they be able to make other investments in addition to meeting the needs of daily life.
The more money you invest, the more profits you get. Because when you have more capital, you get more benefits from rising currency prices.
Moreover, financial stabilizers have sufficient economic support and can hold investment currency for a longer period of time.

[Bombbi]

Financial stability is conducive to Bitcoin investment. People with a large amount of capital will have a greater chance of making profits. Only with sufficient financial support will there be excess funds for investment, and more bitcoins can be invested when they have stable funds. The value of Bitcoin continues to increase, and the greater the number of long-term holdings, the greater the profit.

[Hasan905]

If you have no savings and just want to invest somewhere based on your income, it will never be easy for you, the main reason is that you can't invest more than you want at once, after which from small investment the incoming profit will not motivate you much to move forward.  In the second case, if you invest your only capital somewhere, you will not have anything to support your family at any moment and as a result, you may be forced to make very bad decisions at an excepted upcoming good time and there is a possibility of loss rather than profit.