Topic: Denying yourself comfortability in other to buy Bitcoin - page 2. (Read 588 times)

First of all the picture you used as an example is a flat screen television in which if someone has then i do not think that really is the definition of denying comfort

I believe that there is nothing wrong with thinking about your future and wanting the best for your future self however there still should be a line between not indulging ourselves on unimportant things and borderline living like a homeless person just to buy bitcoin

We still should learn how to take care of ourselves without having to sacrifice so much money

At some point, we need to sacrifice some things that bring comfort to our lives. It could be depriving our life from living in comfort or luxury, but we all know that's just going to happen temporarily. Like for instance, investing in bitcoin, if it could means a lot of saving and not buying our   extra wants in life, then let it be just to achieve our target goal. Denying yourself some forms of comfortability is not bad at all, as long as it does not affect your health, body and mind.

Nothing good comes easy, so to achieve something meaningful and great, someone has to sacrifice something, it can be putting in extra time, denying oneself luxury, saving more money or staying away from loved ones in order to achieve the targeted aim. So if an average income earner is determined to invest big in Bitcoin, it's to be disciplined and spend bellow their income to be able to achieve it, they can be doing DCA method, and avoid lifestyles that can derail them from meeting the target of long term hodling. But the problem is that with all the positive mindset and and knowledge of investment, without having enough income to meet basic needs then the desire becomes a pipe dream.

try to pay attention to your surroundings, do you have a friend who is very frugal, who very rarely buys luxury goods even though he can afford to buy them? If yes, try to learn how he or she manages the money, you will definitely be surprised because I also have a friend who is like that she is very good at managing finances, we all didn't even think she had a lot of investments in gold and land, I remember introducing her to bitcoin, and she used the DCA method to buy bitcoin and up to now the number of bitcoins she has is more than I have, she is very good at managing money. I'm also starting to learn to live fugally like she does, I'm sure it's not too late for me to master it.

I personally support the idea of long-term investment in bitcoins, but I've always been curious about how people, by foregoing many comforts, including personal pleasures, manage their finances in their daily lives. These individuals are very resourceful and determined. I've also encountered many people who deny the success of Bitcoin, these are usually individuals who don't understand anything about cryptocurrency and have no interest in it whatsoever.

Very true with that, because stricking the right balance is what make us a organised and standard living, we don't need to hold all the coins in the world before giving ourselves the good life that we deserve,and more also there is no need to deprive ourselves of the essentall things of life just because we want to hold as much bitcoin as we can, this is very important and at the same time the guide that helps us to live a fulfilled life at the end.

Many times, it not the amount of money we spend in giving ourselves the basic comfort of life that affects our savings, but the amount that we waste buying unnecessary things that makes us not to arrive at that stage at some point.

So for me, I give myself the basic needed comfort in life but also monitoring my entire spending at all time, this has helped me alot of times before at least making leave happy while a hold the amount I am comfortable with.

Irrespective how you see it or analyze it, we all need comfortability and conveniency in our daily lives which is probably the reason most of us hold our bitcoin for long so that our savings and assets will keep its value and we will get profit holding bitcoin. If we spend our earning or luxury lifestyle, we will not save anything and we might be affected in the future because change is constant and our sources of income might be narrowed, at that time the only option is to enjoy your savings.

You can enjoy your money by buying expensive things and luxury lifestyle, while still investing some of your money on bitcoin.

How many legitimately wealthy men show off, go and verify the top 100 wealthiest people on forbe, half of that number don't show off their wealth and they don't buy the things they don't. In fact, it's even the ordinary or average people that are even struggling financially use their balance to buy things they don't need and they are doing it for one purpose which is "show off".

We live in a society where people now want to impress each other for about little change the have made in life forgetting that life is a continuous journey and to survive it, you need to invest today to enjoy tomorrow. If you fail to invest today, you are practically failing to succeed in the future. This is what we avarage people don't understand, only few have the mind to overcome this temptation of trying to impress people about wealth.

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Coming back to Bitcoin, denying yourself some comfort is good if you have the means to do it but please don't deny yourself some basic needs, just because you want to invest and be a wealthy person for investing in bitcoin doesn't mean you wouldn't wear good clothes, doesn't mean you wouldn't eat good meals, doesn't mean you wouldn't have proper health care. If you fail to address these ones, you may not live to witness your investment because a good health is a good wealth.

Well, I read a book (I've forgotten the title) where the author said something I really like and I've been trying to begin to apply it in my life.
He said that when struggle and at some point you become a millionaire, live a life that will give people the impression that you are still struggling for ends meet, and when eventually you become a Billionaire, live a life that will give people the impression that you probably just made a few hundreds of thousands of dollar, or a million dollars or two.
The author concluded by saying that no matter what you do and how rich you get, never let people know your true worth, they definitely will one day discover your true worth, but let it be time when they can no longer compete with you.

This type of life is livable, it all just depend on the individual and what he or she have determined to do, a person can own like 100 bitcoin in his wallet and be driving a 2015 Toyota camry, living a life that will give people the impression that he or she probably just has like 0.5 bitcoin, this is wisdom if you ask me, but the truth remains that, not very many persons would be  disciplined enough to act such low.

For me I think that our mental health and well-being should be the primary focus above everything else. I would rather live in my comfort home and still acquire my Bitcoin. Investing in Bitcoin is about making sacrifices that I understand very well and one can buy as one can afford. Living in a discomfort in the name of buying Bitcoin is not for me. That's why we have the DCA methods of investment in Bitcoin. Buying as little as I can on a continual basis and not denying myself the comfort of life.

It sounds like religion, you need to live without pleasure to after get a lot of it. Sounds pretty strange as for me. I think that every neccessary purchase that is cheaper than 1-2 of your salary need to be done. Im dcaing in ownr for more than year and never had any problems with comfort in my life

The fact that investing in Bitcoin doesn't make the investor to be very discomfortable to the extent of not sitting properly at home as well depriving themselves with some basic necessities, of course the consequences of some of those actions can cause some  health issues or challenges arising from improper sitting or sleeping with a good mattress all the name of saving cost and using extra income to buy Bitcoin, truly there is bountiful reward for hodling Bitcoin for a long term perspective, however from my own point of view I prefer to live moderately comfortable while the extra fund no matter the amount is used for Bitcoin investment

They still live their lives as usual. Nothing has changed with them. They are also still trying to accumulate more Bitcoins. They feel that what they are doing right now is more important than buying things they can buy easily.

When Bitcoin is at its current price range, people use it to buy more. They feel they still have time to buy Bitcoin and hold it. And even if they are small investors, it doesn't matter because they will still accumulate Bitcoin. By having more Bitcoins, they can gain profits in the future.

Their motivation may be to change their life for the better in the future. Bitcoin can help them, so they are still trying to accumulate Bitcoin. They use many methods to accumulate Bitcoins. Some of them use the DCA method, which has proven to be their best method.

I'm not in Japan, usually we just say instant noodles here but globally ramen is understood. Actual ramen is very expensive our instant noodles is cheaper brands than indomie + egg + veggies is cheap lol!

But my message stays, skimping on health and self improvement for a few satoshis more is not the way, especially if people think it's to get their trading balance up.

DCA savings. Get better jobs, better health ec = better income, more savings = bigger DCA. Worry about the important stuff in life, Bitcoin is diversification of savings. Denying comfort is okay, denying self improvement is a big big no.

You should be more concerned about yourself. because those people you see in such situations, has took it up to themselves to make a positive impact without undermining how it will look like or what people will say. From a gradual process it becomes part of them. And the would later succeed.

Great people always deprive themselves of joy and pleasure to achieve great things. Success always come with sacrifice. Thats why they say, no pain no gain.

I guess no matter how rich we are, it’s still undeniable that we don’t all live in comfort. There are still discomforts in our lives like having to sleep late because we have to finish some errands, or the vice versa waking up early so we can come to work without getting late. So we still live having discomfort, and we have accepted it already since it’s a must.

Now, with regards to bitcoin, it’s not that I have to deny my comfortability, but knowing what and where to spend is being wise with your finances. Of course, when it comes to basic needs, then definitely its a must buying but when we talk about unnecessary things, then we have to delay and put bitcoin purchase as our top priority. Not only it will be useful today but most likely in the future.

Haha yeah right mate; I think this is still too classy and this is mostly applicable to those who live in Japan and similar countries. Maybe if you will only say noodles, many can still relate to that. Maybe we can consume cigarettes quickly but we will still buy it later on or next time. And the effect of it in our health can be for the long term. So yeah, that it's better to quit it and invest on something good instead.

We can start with bitcoin. Not only that, but quitting cigarettes can also improve our health or lives and it will have a good impact to what we are going to do, like for example when we are working in our daily job.

It's a very broad question because everybody has a different idea of what confort means. For some people it could mean eating just bread and onion (it's an Italian expression ), for others it could mean eating out just 2-3 times per week instead of doing it almost daily. Personally I try no to waste my money in useless stuff like designer clothes, new cars, etc. But if I actually need something I just get it. I'm not so sure about other people, I know some friends of mine became more cautious with the way they spend money while others no matter how many expenses they have, they just keep spending more and more, if I were in their position I wouldn't be able to sleep at night...

It will definitely be better if every dollar saved brings in 5 to 10 times more profit in the future. Then it makes sense to limit your consumption now in order to be able to afford more in the future. Everyone knows the rule “act against the market.” This applies here too, because most people around us do the opposite and spend now, without thinking at all about future prospects. We must act “against” them. Those who do like everyone else and live like everyone else. Financially stable people have always acted differently from everyone else.

It is likely that such people will have a better life in the future than others. Not everyone can make sacrifices now for the sake of probable benefits later. Moreover, there are no guarantees that high expectations will turn out to be 100%.

Undoubtedly, this allows for faster accumulation of bitcoin. Volatility can either help or hinder accumulation. It all depends on the current exchange rate. But in general, over a long period of time, the cost is still averaged.

I don’t know any of these personally, but there is a story on the Internet about an old bitcoin enthusiast from the Netherlands who sold his house and everything else to invest in bitcoin and lives in a trailer. Moreover, his family endures these hardships of life for the sake of bitcoin in a place with him. This is who we need to follow as an example.

There have been times over the last few years where I have looked at buying items which
I necessarily need at that time and instead I have delayed the purchase and bought Bitcoin
instead, I now have a list of things I would like to buy in 2025, there are also those things
which I didnt need back then which I still dont need so I am glad I bought Bitcoin instead.

If we can identify what we dont actually need and what is necessary for a comfortable life
we have the chance to increase out Bitcoin HODL but on the same hand there is no point
in living without the basics, Food, Shelter and warmth.