Quote from: Rasa nanas on Today at 03:58:29 AM

Quote from: laredo7mm on August 08, 2021, 03:08:25 AM

Quote from: paxmao on July 26, 2021, 09:00:07 PM

For someone with let´s say, a net worth of 1M USD or more plus house, hodling 60k until they became 6M would have been not that much of an stress. Do you think it was easier to benefit economically from bitcoin if you were already a bit up in the ladder?

If your life and family depends on your earning and your only source of income is from crypto trading then it will be a problem for yours. You have to cash out some of your money from it when you need money. So for holding crypto for the long term needs strong financial supports for your family. This could be a job or business besides crypto investments. So it obviously easier for someone who is already a bit up on the ladder.

The fact is that many people cannot survive just from trading crypto, meaning they have to find other sources of income to survive. but there are some people who can survive just from trading crypto, even they are also able to build a house and buy other expensive properties. this depends on the amount of capital they have and their expertise in trading.

Right and this depends on the time of investment also. If you have invested in Bitcoin for some time and have accumulated some profits, it becomes a little more easier for you to take from your profits earned over time but if your investment in Bitcoin was at the top and you have needs, selling will means that you are losing investment. So the time of investment also is important.