Do you think financial stability is mandatory to be a gainer in Bitcoin invest? - page 2.

lienfaye

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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?

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.

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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.

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 Wink

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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?

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.

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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.

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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.

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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.

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.

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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.

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. 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.

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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. 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.

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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.

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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?

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.

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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.

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.

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Quote from: Marcorey on September 15, 2021, 01:46:50 AM

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.

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Quote from: Marcorey on September 15, 2021, 01:46:50 AM

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.

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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.

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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.

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Quote from: molsewid on September 11, 2021, 12:28:34 AM

Quote from: Strongkored on August 28, 2021, 04:32:27 AM

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.

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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?

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.

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Quote from: Strongkored on August 28, 2021, 04:32:27 AM

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.

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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.

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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?

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.

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