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?
Rich people become rich day by day, I think it was because of their mentality. A rich people are not afraid of losses. They always learn from it so that they won't fail next time. So they became sucessful each day.
Big investors stable financially so that they can hold how much they want without using it for a long time because they have extra money for the things if they want to spend.
Finacial stability is not really a mandatory but a very big advantage. If you are financially stable, the chance that you give up or be scared when the price drop is lesser. It was not mandatory because the things that are mandatory on bitcoin investments is your strong will, patience, be wise and set a rich & winning mindset.