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

jossiel

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Quote from: Kasabus on September 27, 2021, 04:17:22 PM

Quote from: jossiel on September 27, 2021, 03:08:43 PM

Quote from: MIldic1c on September 27, 2021, 02:31:14 AM

If your wealth is unstable, you usually have to sell the coins when you encounter some problems, but you still have surplus money in your life, and you can invest in the Bitcoin network for a longer time without worrying about other real life. If the expenses in real life are difficult to meet, then the choice of investment will not invest too much money.

It happens and it's true that whenever you're in need, you have to sell your bitcoins.

Whether it be in profit or loss as long as you need the money, there will be a rush sell that you'll do and that's the disadvantage of not being wealthy.

Yes. There is really a great advantage if you are financially stable and then you start investing in bitcoin. You will most likely to earn huge profits because you are just gonna wait and sit for your target selling price to achieved and then you sell them. So whenever you have trouble meeting your finances, it will not affect you that much because you have your own spare money that you can use and won't resort into selling your coins even if its still in low prices. So i think being financial stable is a big edge towards others so you won't end up losing your investments in bitcoin. Instead,holding it will keep on growing your profits as years continue to pass by.

That's the advantage of people who are financially free and stable. And that's what we're aiming for even though we're not like them.

We can be like them, we have to look for ways to obtain that status while holding and keeping our bitcoins. There's a way and we can do that if we're eager and won't spend those btcs that we hold.

wiss19

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Quote from: The Cryptovator on August 22, 2021, 10:19:50 PM

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?

Depends on the meaning of investment. If you mean investment to just simply buy some crypto then anyone can do that, even the poorest person can do that, the amount doesn't really matter, sure the tech part could be hard if you are like some homeless person but even they could use some of it to buy food and some of it on some bitcoin ATM to get some more. Everyone can make a crypto investment by simply buying, even 10 bucks worth of BNB means you are invested.

However if you want real investment, investment that could really make you become rich one day, you should do it by starting a business related to crypto or at least have a business investment even if it is someone elses. That is the one that makes you a lot of money.

Kasabus

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Quote from: jossiel on September 27, 2021, 03:08:43 PM

Quote from: MIldic1c on September 27, 2021, 02:31:14 AM

If your wealth is unstable, you usually have to sell the coins when you encounter some problems, but you still have surplus money in your life, and you can invest in the Bitcoin network for a longer time without worrying about other real life. If the expenses in real life are difficult to meet, then the choice of investment will not invest too much money.

It happens and it's true that whenever you're in need, you have to sell your bitcoins.

Whether it be in profit or loss as long as you need the money, there will be a rush sell that you'll do and that's the disadvantage of not being wealthy.

Yes. There is really a great advantage if you are financially stable and then you start investing in bitcoin. You will most likely to earn huge profits because you are just gonna wait and sit for your target selling price to achieved and then you sell them. So whenever you have trouble meeting your finances, it will not affect you that much because you have your own spare money that you can use and won't resort into selling your coins even if its still in low prices. So i think being financial stable is a big edge towards others so you won't end up losing your investments in bitcoin. Instead,holding it will keep on growing your profits as years continue to pass by.

herurist

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Quote from: MIldic1c on September 27, 2021, 02:31:14 AM

If your wealth is unstable, you usually have to sell the coins when you encounter some problems, but you still have surplus money in your life, and you can invest in the Bitcoin network for a longer time without worrying about other real life. If the expenses in real life are difficult to meet, then the choice of investment will not invest too much money.

this is why when so many people say that investing, especially in crypto, must really be money that is not needed and we are still surviving in navigating life, whether it's for clothing or daily needs is to avoid things like this (one of them) .
This is one of the important factors in investing, especially for the long term.
because indeed when talking about long-term investment it will be very difficult to take the coins that we invest especially in falling prices.
and most people are not aware of it and make investments as if they can be taken at any time even if it can be self-defeating.

jossiel

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Quote from: MIldic1c on September 27, 2021, 02:31:14 AM

If your wealth is unstable, you usually have to sell the coins when you encounter some problems, but you still have surplus money in your life, and you can invest in the Bitcoin network for a longer time without worrying about other real life. If the expenses in real life are difficult to meet, then the choice of investment will not invest too much money.

It happens and it's true that whenever you're in need, you have to sell your bitcoins.

Whether it be in profit or loss as long as you need the money, there will be a rush sell that you'll do and that's the disadvantage of not being wealthy.

dezoel

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You have already answered the question yourself. Rich people are gaining more from Bitcoin investment because they have more to invest in it. When it comes to investments anybody that invest more money is going to also make more profit than those that invested less. So, since they have a lot of money to invest, they’re also going to gain more than those that has less to invest.

But, that doesn’t mean that those who don’t have enough don’t really gain something from Bitcoin, there are times that Bitcoin has gone up more than 100%, and those who invested small were able to gain something that can change their life. So, Bitcoin does benefit everyone, although the rich are those that gain more from it. But Bitcoin shouldn’t be your only investment, there are cheap alternative coins that you can invest in that are really good. So, you can target these alternative coins and invest in them.

riso2015

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Obviously it should be. An investor would actually be much better off for their economic stability. Why? because we are faced with a risky market. If we do not have good financial stability how can we calmly face the market. Not a key that should be but much better that way . Now it's just how we who are economically standard can enter the market, yes, how to manage our finances well.

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Quote from: The Cryptovator on August 22, 2021, 10:19:50 PM

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?

During the time that I have educated small to big groups about cryptocurrencies, I told them about the importance of being financially stable even if the crypto market goes down. Just like me of course, even though that I have lost a lot in the crypto space, I always make sure that I maintained to become financially stable.

I have lessen my spending on unnecessary expenses (it’s not good to say no because we can’t avoid it along with mandatory ones like monthly bills, essential needs, etc., but at least with control) and I usually bet my money mostly on assets such as cryptos, NFTs, etc.

Hyperechos

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Are you unbalanced because the rich are making more money in Bitcoin? But if there is no blockchain investment, they may make more money where you can't see it. The rich people can become rich people because most of them can stand at the forefront of the times, have smarter brains or better parents. Although our financial situation is not stable, we make corresponding investment plans, choose suitable investment targets, and also spend money that will not affect our lives to buy Bitcoin.

In fact, blockchain is an opportunity for ordinary people

MIldic1c

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If your wealth is unstable, you usually have to sell the coins when you encounter some problems, but you still have surplus money in your life, and you can invest in the Bitcoin network for a longer time without worrying about other real life. If the expenses in real life are difficult to meet, then the choice of investment will not invest too much money.

lightning0

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Everyone can get a certain profit through investment. People with financial stability will have more capital to invest, and they have a greater chance of making huge profits.
Financially unstable people may sell currency at any time and cause economic losses because of urgent need for funds, while financially stable people will not worry about this happening, and they have the ability to maintain long-term investments.

Hasan905

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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.

Bombbi

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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.

Aurorra

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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.

redsun114

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Quote from: sana54210 on September 20, 2021, 09:59:16 AM

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.

Quote from: The Cryptovator on August 22, 2021, 10:19:50 PM

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.

sana54210

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Quote from: irsykes on September 20, 2021, 04:39:18 AM

Quote from: The Cryptovator on August 22, 2021, 10:19:50 PM

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.

irsykes

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Quote from: The Cryptovator on August 22, 2021, 10:19:50 PM

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.

jossiel

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Quote from: Quidat on September 19, 2021, 03:56:57 PM

Quote from: jossiel on September 19, 2021, 03:48:06 PM

Quote from: Ausgewielt on September 17, 2021, 10:20:43 PM

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.

xSkylarx

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Quote from: finaleshot2016 on September 19, 2021, 05:44:44 PM

Quote from: The Cryptovator on August 22, 2021, 10:19:50 PM

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.

kanayaTabitha

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Quote from: The Cryptovator on August 22, 2021, 10:19:50 PM

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.

Quote from: The Cryptovator on August 22, 2021, 10:19:50 PM

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

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