Quote from: irsykes on Today at 09:39:18 AM

Quote from: COOLCRYPTOVATOR on August 23, 2021, 03:19:50 AM

Do you think financial stability is mandatory to be a gainer in Bitcoin investments?

Not mandatory but if people with less assets have big possibility to sell their bitcoin because something unexpected. Not like people who have a lot of money who made investment beside his main salary and maybe already have savings. Not far to mention, sometimes when i want to hold my bitcoin, and then i forced to sell it in any price because need urgent money, i don't have much choice beside selling my assets although price still in lower position.

Whenever someone mentions stability, we imagine people with a lot of money who are stable and people who are poor that are not stable. However, stability means stream of money coming in one way or another, if it is consistent, like a salary then we can consider it stable, but if it is moving around too much and you earn 1 one month and 3 another month and 2 the next one, that is not stable.

It means there are poor people who get a tiny salary that are financially stable because they get money consistently the same amount, and we have people who are getting crazy amounts of money like Jeff Bezos whose money is not financially stable at all, it is wildly unpredictable how much he will earn. This is why stability is mute point, it is mandatory to have enough excess money to invest into crypto, but that could be unstable and unpredictable as well.