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?
Well, being financially stable is a good thing, because more money means that you will be able to make more money. You can’t compare an investor with $100,000 to one that has $1,000. The first will invest and still have enough money left to take care of himself and responsibilities that he has, but the later won’t have that much. And when it comes to making profit, the investor who is financially stable and invested a huge amount of money will make more profit than the one that doesn’t much money. So, being financially stable gives you a lot of advantages. But I still believe with accurate planning, even a poor investor will succeed.