Really? You think that's just what it is? How about the decision to do so? How about those less experienced people who are yet new to Bitcoin? They may have other sources of income, but because they have not really experienced how prices can be so volatile, they can sell out of pressure just for the fear of not totally losing their invested capital.


Bitcoin is not just an investment for the rich; it is an open source for the common man and for anyone in society; it was not built for just some kind of person. Anyone who really understands how Bitcoin works can invest in it.

{In layman's explanation now (let me explain), anyone who eats three square meals a day, who is able to cater for all his primary needs, and still has something to save, can invest in Bitcoin.}

When you say Bitcoin investment should only be taken serious by rich people, I can also inform you that there are people who are spending lavishly every time because they are so rich, but they are not investing anything in Bitcoin. Some have heard about Bitcoin, but they don't have a full interest in it. That's why I say anyone who has a good understanding of Bitcoin can buy it and hold it for the long term or short term, depending on what they want.

Having other income sources is just one thing that can help you not really get affected phycologically if your investment is not making a profit, just like during the Bitcoin bear market.



I don't know if you read correctly what Sir JJG said above and where he said that "we cannot be 100% sure that what we see as a reliable source of income can be reliable in every scenario."

So since you already said you don't believe in carrying all your eggs in one basket, diversifying your investment or source of income is a wise thing to do.