Quote from: Zoomic on Today at 11:39:57 PM

Quote from: CoinFoxs on Today at 10:29:14 PM

The one beauty of bitcoin is that bitcoin makes you financial stable and in shorter period of time you can become millionaire or even billionaire so buy, buy, buy and hold, hold, hold.

Financial stability cannot be achieved with bitcoin in a short period of time. For anyone to attain that level where he can comfortably say he is financially stable, he should first have a predictable steady source of income. Relying solely on bitcoin can not help one attain financial stability considering the fact that Bitcoin price is highly volatile. Remember getting huge returns at intervals does not mean the bitcoiner is financially stable. Can the returns also sustain him during the period when the market is bearish?

There is more to financial stability than just investing in bitcoin. I will not advice anyone who intends to be stable financially to only invest in bitcoins and wait for a short while for the magic to happen. This same bitcoin can also make one very poor if they are not lucky. That is why bitcoin is a high risk investment.

A steady source of income is always advisable before venturing into this high volatile market.