Topic: Do you think financial stability is mandatory to be a gainer in Bitcoin invest? - page 7. (Read 872 times)

Investment cannot be made without economic support.
You can set aside a portion of the funds for investment every month. But also to ensure a normal life.
The important thing is to learn to invest.

It's one of the main reasons I always say consider the invested money as "lost". Say you timelocked your coins until 2030. What would you do? Die of hunger? Never pay rent again? When you put money in crypto, think of it as if you went to a restaurant every X days and spent that invested amount on food. Would you ever be able to withdraw that money? No. So... consider it lost. It's not mandatory to be financially stable to invest in Bitcoin. Studies did show that, at least until today, investing just a COFFEE worth of Bitcoin per day could change your life over the years.

This is not mandatory, but has a big impact on the amount of profit that may be generated. I remember one word of wisdom that all small investors in bitcoin can consider and that is "Be poor for a while if you are interested in investing, you will be profitable in a few years".

It is true that there is a financial burden that small investors have to think about after they invest in bitcoin because they still need money to meet their daily needs. It is difficult to invest in the long term if there is no other income that can help make ends meet. It is quite possible for small investors to sell some bitcoin just because they need money and it will be difficult for them to make big profit because of this.

It is justifiable that investors with stable financial condition can hold bitcoin in the long term without paying too much attention to market condition and they will get a commensurate return compared to the risk involved.

Well to gain money from investment doesn't necessarily need one to actually have stable finance, but it does give you better hold on your mindset since you're technically investing something you can afford to lose. Heck, I myself would panic if I suddenly spent all of my savings and whatnot to invest into something hoping that it could bring me profits that would make life a lot easier. It's painful, yes, but there's nothing most small investors do. They're almost doing a super gamble most of the time whenever they try to invest.

Not necessarily stable financially but you can get an advantage with that since you are going to enjoy more profit when the investment starts returning profit, take me as an example, started out with nothing but just typing here and so far I am able to buy whatever I want whenever I want since I have the money. Going from zero isn't going to be a problem, it takes some time to get a big profit.

Yes, anyone that is not financially stable can not invest, or such person will invest but later have no option than to withdraw, or see little gain and be attracted to it easily and withdraw. There are a lot of circumstances that can result to people that are not financially stable not to invest at all or to withdraw their holdings, investment generally are for the people that are financially stable.

But there will be some people that are not that rich but average and yet know the benefits of holding Bitcoin, such people can hold Bitcoin for long too and yet be positive about tomorrow outcome of it, that the price will sour to all-time-high again and again which can take long for each all-time-high but will surely happen also as fiat are still a depreciating asset. Even there will be some people that do not have up to one bitcoin and hold the amount for long which can even be 10 years, but financial stability is needed for the person to be able not to withdraw his holding.

And one more last thing is that it is not about being rich before someone is financially stable, someone that has sufficient income should be financially stable, the person may not even have up to one bitcoin and yet hold for long time all because he is finally stable but yet not a big investor. It is not only big investors that are finally stable.

If you're not financially stable in the first place, you'd not be able to invest/buy Bitcoin, except of course if you have a skill or you're rendering a service and being paid in Bitcoin, but having that extra money in real life goes a long way to determine how long and how well you'd be able to invest in the Bitcoin network. For example, if your salary in real life is unable to cover for your daily expenses, there is no way you'll be able to delimit a fraction of it to invest in Bitcoin, meaning you would either invest very, very little, or nothing at all.

I mean, financial stability is essential in any investment, you cannot invest everything you have, thus you need to have at least enough to invest and still have much more to pay fees, bills, travel etc. The only way one could prolly invest or gain in the network without being financially okay is by taking risks through requesting for loans, borrowing money or investing far more than they can afford to lose, but that is very wrong and can cause problems for the individual, thus if we're to eliminate this wrong aspect as a means to invest, then you need to have a fair amount of financial stability or a skill/offer a service (and prolly be paid in Bitcoin) to make good ROI from the network.

Someone buys 10times of an asset priced at x$ and someone buys 100times of that same asset at the same price. When the prices rises, the proportion of profit is equal to the ratio of the buying volume. That is the only difference between the big and the small investor. Logically they are both gaining. But the extent to which the gain is happening depends on their investing capital.

Sorry to hear that, but I think having a day job is the first thing in order to have a stable income first. You can rely on that whenever you need. Keeping bitcoin investment as a side earning is the key here. Along with that one would need to have some fiat based investments too. Being financially stable would mean being able to juggle all these three things. Of course you may compromise depending on how lenient your local laws about crypto are.

Hierarchy of needs. After air, water, food, shelter you need money to buy things you need. Once you are able to save from that you start investing. So first you become a stable earner then you start investing.

Not all, but most of them that success from investment has financial stability.

A poor and middle class people only depends on one source income that is fixed jobs or odd jobs to earn money for buy food to survive. A poor people didn't even have remaining money for renovation or to buy medicine if they sick, while middle class they have remaining money to save or invest... but mostly they are saving on bank or invest on low volatile asset since they worried if they loss. They have no loss mindset, this is why they don't want to invest on Bitcoin, probably they invest but with very little amount so the gain is little even though +100% as an example. Although we can't deny there's a poor people become a millionaire since he's brave to invest all on Bitcoin.

Those people has stable financial often have financial management, so he just relax and let their management work to earn more money. Of course not all the decisions of their management always gain profit, but they have other source income + passive income that can recover from the loss of his investment.

Either that, either strong balls 
One important rule is to never invest what you don't afford to lose.
If one invested into Bitcoin and his financial status is not good, as soon as the price will drop there's a huge chance he'll panic sell.
Simply put, without financial stability people may just buy high and sell low.

Of course, there's an exception: people with strong belief, people with a certain mindset, and as I've over-simplified it at start, with "strong balls".

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?