Do you think financial stability is mandatory to be a gainer in Bitcoin invest? - page 5.

jostorres

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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.

I agree. People who are rich also manipulate the market and the small traders lose money in all the manipulation which makes the rich even richer and the poor suffer even more. I think be it gambling or trading the same logic applies everywhere; The bigger fish will eat the smaller ones!

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?

Very true and that's where small traders will, unfortunately, suffocate and sell their assets for cheap while the rich ones can just forget about it until they get the price they want from the market. No matter what we say that Bitcoin is made for the poor or rich, the truth is that slowly everything moves towards the rich. Maybe some early investors who got into bitcoins are rich but the theory doesn't change at all.

Ucy

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You think the poor don't have the patience to make profit or something? I have seen lots of poor people who own farms and patiently wait for their animals/crops to grow to maturity ... why not mere investment in Bitcoin?

I think they can be very patient if they invest what they afford to risk and have more money to take care of their other needs.

In Bitcoin world, a person who invest $2 can be equally as omportant as one who invest $1billion... and both can lose and gain.
If those investments are worth 10% of their wealth and both invest longterm, they will make or lose thesame amount in proportion to their wealth, depending on the price Bitcoin.
By the way, I prefer multiple small-scale farms own by many people than a large one owned by few people or a single person. Hope you understand what that means in relation to Bitcoin investment and price stability.

You think the rich can succeed without the poor investor's money and effort? I don't think so... and this can easily be proven.
The rich are hyped on the internet but on the real world they basically can't do without the poor.

meanwords

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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?

I don't think it's mandatory but more like a mentally and emotional support for trading. It's most likely that people who can afford to lose the money are the ones who are making the most rational decisions because they resistant to FOMO, FUD, panics, or any negatives that affects decisions in trading. If you are financially unstable, you are aware of your money that you are going to invest. You'll have doubts and all sorts of fears that will negatively impact your investment.

So it's kind of like this. Being financially stable isn't necessarily mandatory, it it will certainly help.

Kittygalore

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As any other reply here, it's not mandatory. Maybe you will get more profits but that stops there. Unless you're talking about profit then probably it's a mandatory to be a gainer. In order to do that though, either you start from scratch or you came from a big money.

tygeade

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To me, it all depends on what you do as compared to what you are best at doing. Those who have more money aren't always earning because if you see social media handles, there are guys who lose massive amounts in each bear run and some even manage to lose during a bull run, by short selling the coins.

If you don't have much money but you know what you are best at doing, there is no way you will lose money. From an investing point of view, yes more capital means more profits but always induces more losses as well.

It's easy to hate the riches but they are rich for a reason and those who are struggling made some mistakes that put them in such a bad situation.

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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?

Financial stability is not necessarily mandatory, but it is a key factor to be a gainer in bitcoin investment, another factor being "discipline".

The basic needs of man are food, clothing and shelter. A financially stable person to me is one who has been able to satisfy these basic needs and has a bit more for luxury and investment and any unforeseen circumstance like say an accident or medical emergency. If a financially stable person is beset with an emergency need, he can get money for it without thinking of liquidating any of their investment.

The case is however different for someone who is not yet financially stable where the decision to invest is a decision to sacrifice some other pleasures and live poorly or below standard at times, for such an individual to gain properly from bitcoin investment is very difficult.

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Quote from: Emitdama on August 24, 2021, 02:06:01 AM

Quote from: crwth on August 23, 2021, 10:12:59 AM

the rich are getting richer. That always works in any type of industry in the world.

One reason I believe this happens is financial freedom. Rich has enough to survive while they can block their money in the market during tough times but not the poor can afford the same.

The rich has the capability of being free with their money and has the capability of being able to invest in different aspects. It's only weighing where the person starts. Whether the person has a lot of debts to pay first before being financially free (students having loans) or comparing to those who started at 0 debts and continuously earn money without having to worry about debts and immediately earn for their future already.

Emitdama

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Quote from: zanezane on August 23, 2021, 11:47:54 AM

Nope, I don't think so, there are people with a lot of money that are loser in trading so it's not a right assumption. What should be mandatory is the ability of some people to do a good trade and analysis because that's what some of this people lack that causes them to not be a gainer when it comes to investing.

Those are exceptions. Being rich are losing money is nothing new and I call such people idiots because they are technically spending money they got from their parents. There are some poor who make more money than riches too but again those are exceptional geniuses. The general consensus is that the rich earn and the poor lose overall.

Quote from: crwth on August 23, 2021, 10:12:59 AM

the rich are getting richer. That always works in any type of industry in the world.

One reason I believe this happens is financial freedom. Rich has enough to survive while they can block their money in the market during tough times but not the poor can afford the same.

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Quote from: The Cryptovator on August 23, 2021, 10:02:15 AM

Quote from: bittraffic on August 23, 2021, 09:17:21 AM

Not neccesarily but a man that is not financially stable might not able to think of investing because he'll have to feed himself and worse if he has a family to take care of.

I won't agree with you. Have you ever notice any suicide attempts for losing crypto? If not then you may read Are Crypto-Related Suicides a Real Problem?. Believe or not many peoples even borrowing money to invest in crypto. Most small investors take chances to multiply investments within a short time. It's like gambling. That kind of investors become panic during price dumping. And they might sell holding as well in bad situations if need. So here is the financial stability stand for and it's mandatory for long investment IMO.

Well, that investor is a gambler. Borrowing money to invest in the first place is not an investment. It's like borrowing Peter to pay Paul situation.

If he doesn't know when to buy and sell coins in the market, Bitcoin investment shouldn't even be in his mind. He can jump off the bridge or hang himself whenever the price dips. But the rich can hold BTC for long term, they can endure not cash out their BTC even if its price dip again to $3K.

It's necessary for a not financially stable person to know when to turn his money into stablecoin and when to buy BTC.

Lubang Bawah

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Quote from: Princejebs on August 23, 2021, 12:53:47 PM

Have you heard of die hard fans in a club, they don't live their club no matter how many times they loose matches or cups, they remain in and will always endure that club for the purpose best known to them. The same thing with bitcoin, there have been some diamond hands that have holding tight to their bitcoin since its inception and they don't think of selling anytime soon. It's actually true that the rich get richer but what makes the rich to keep holding? It's nothing but discipline, they don't joke with it.

Discipline and focus on goals are the most important keys to get rich, bitcoin has been showing good performance for about 11 years and i'm sure it will continue to shine, if we always think back then we won't get rich, it's better to immediately follow what they are doing so we can successful like them.

Anonylz

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It is quite simple, if you have a stable source of earning it goes along way of supporting your investment, even if you are a small funds owner with a steady income, investing some percentage in btc and let it grow won't affect your income greatly, only if that person is too eager to see the investment grow within short period, otherwise, such person can still gain alot without having to be a big investor, it all depend on level of patience and market volatility tolerance.

Hippocrypto

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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?

Indeed we're losing for so many times, we can't even do buy and sell because we're afraid to risk our funds.
There's no such thing to be called mandatory, but stabilized funds is more advantageous compared from small buffer capital investors. If you're aiming for huge gains, don't use your existing funds but rather keep it accumulating in order to increase your asset capabilities for future gains.

wxa7115

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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?

Not only you need financial stability you need stability in all aspects of your life, you know just to give you an example, even if you have financial stability if one member of your family is mentally and emotionally unstable that can be more than enough to destroy your financial stability if they make a mistake, so even if you did nothing wrong if one of the members of your family is in danger you are going to have to pay for it and this is going to destroy your financial stability.

This is why achieving any kind of success when it comes to your wealth not only depends on you but on the people that surround you and even on the luck that you have, and those are factors that are impossible for you to control and that can still affect you in a very significant way your ability to hold your bitcoin and achieve financial freedom.

CryptopreneurBrainboss

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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?

It does have it advantage but it's not mandatory. Don't forget the big investors are also liable to losses if they sell when the market experience some corrections. What matters most is your patience with the market to gain big time. The early adopters that held onto their Bitcoin weren't the the richest out there or the most financially stable, they were just those that believed in something others considered a joke and held onto their investment.

You don't have to be rich to benefits as well. Don't Invest funds you'll need in the near future, only invest your spare funds, do this and you won't have to sell off your hodlings. Also always keep emergency funds incase something urgent that need money comes up, that'll way you won't have to touch your investment.

The secret in successfully pulling this off is by diving your income, for example, if you earn $200 monthly, you don't have to invest in all, instead keep aside a fraction for emergency, another fractions for investing in Bitcoin, expenses etc, just plan well and you won't have to sell your Bitcoin hodlings.

Fortify

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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?

Honestly most people who are financially savvy will only have a small portion of their assets in one place, they'll tend to have the vast majority in stocks (aka ownership share of a company) which have proven themselves over many decades. Property is also one of the best investments that people will ever make in their lifetime and is usually the biggest thing that anyone will ever spend money on. If you can imagine that 80-90% of someones wealth goes into those two things, then the remainder might be spent on a sort of gamble with highly volatile assets like cryptocurrency or junk bonds. Besides early investors who got rich, you're definitely best to diversify your money.

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Financial stability is a must and it has the ability to make our portfolio stronger. There is a difference on making decisions without any mind distraction and with something running in the mind. Most of the small holders invest what is available for their daily life, so today or after a week/month they're in a situation to cash out the holding. Inbetween if the market pumps, it is their earning.

For the person who is financially stable he has the ability to hold until targeted price is being reached. This can happen within week or years. Holding for such long days never gonna make him suffer, it makes his holdings grow high with time.

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Quote from: Lucius on August 23, 2021, 07:55:46 AM

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.

@Lucius, I knew it wouldn't be easy, but I knew it was something right. The simple thing is that it doesn't take a lot of money to invest but maximize the opportunities and minimize the risk by only investing in assets that are really profitable in the long term and that is bitcoin. Although altcoins can also be profitable, bitcoin is much safer for long-term investment.

Quote from: Lucius on August 23, 2021, 07:55:46 AM

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?

Yes, a little is better than nothing. But this investment is a choice and we cannot force them to continue to do it and they can do it in any asset according to their wishes and best choice.

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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?

I have learnt over time that you cannot compare the goals and aspirations of others with yours. The goal of a big-time investor is definitely different from the goal of a small-time investor in crypto. The way I see it is that you do not have to be financially stale to be a gainer in bitcoin investment however you need to be a gainer in bitcoin investment to be financially stable.

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

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.

You kind of answered your own question here, though I'd add that not all small investors aren't financially stable. A person can work in a relatively low-paying job but have no debt and live frugally and thus have stable finances. It's the people who don't have a lot of income and live well beyond their means that end up investing in things that they have to sell in the short-term because they need cash.

So yes, if you want to be able to save or own bitcoin (or stocks, gold, whatever) for the long-term, you have to put aside only what you're not going to need in the short-term. If you blow your rent money on bitcoin, what do you think is going to happen? You'll have to sell it at market price, which means whether you make a profit or not is less likely than if you were able to hold longer.

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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?

Yes. I have thought of it so often. Thought like, If I have more than whats needed for my expenses, I would dare enough to invest more on trading for long term and peacefully await for its growth. I borrowed around $2k and invested on trading believing I would get monthly return to close off the debt which did not happen and I had to close off my trades at lose and pay back the debt. So, when one is already financially stable, he/she does not have to worry of any near return. Its a best example I can relate with your thread here.

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