Topic: Denying yourself comfortability in other to buy Bitcoin - page 3. (Read 626 times)
I have met a lot of people who have denied themselves of certain things just to invest in Bitcoin. I don’t think it is unusual because for you to invest in anything, you have to sacrifice somehow. Think about it too, what is the essence of purchasing these things when you know that investing the money can give you returns that will be able to buy even more of that later. I don’t think there is any special motivation to it, just focus your mind on where you want to be, do what it takes to be there. When you see people spending their money, remind yourself that you will someday cash yours out and spend it even better.
Investing is alright, but I don't think it should be done at expense of essential things that provide a fairly comfortable and fairly healthy life. Human life isn't very long, and it's quite unpredictable, so you never know how much you have left of it. That's why I think it's important to enjoy it when we can, and to avoid suffering for allegedly better times in the future (because that future might never come). Accumulating Bitcoin without a goal of spending it at some point, and doing that while harshly restricting oneself doesn't feel right.
People are accumulating money and they have no preparation for present but think about future so in this case their present become worse and they never see their success in future. First of all it is important to enjoy your life because if you never fulfil your dreams just for saving money for investment to make your future bright but unfortunately you die in future then what will be the benefit of such money for you in future? nothing.
I don't say that planning is not necessary, both planning and investment is crucial part of life but it does not mean that save all money in investment and leave your desires and dreams for future. There is no bad thing if you save some amount for investment but if you are putting all amount in investment and your daily life is miserable due to lack of money then there is no need of such investment.
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They are determined and dedicated to believe in the long term benefit of Bitcoin while making personal sacrifices to secure their future. Based on their commitment to keep to their decision it makes me ask myself how do this set of person go about their daily lives when they know they can afford those things they see around?
It all depends on your level of contentment, having just the basic things of life and delay enjoying all your money presently because you understand what priorities is vital in your journey to financial freedom. You should spend more on investing instead of spending on buying liability that won't generate any income for you but keep taking away from you. Denying yourself comfortability helps to keep money aside for investing. The money you would had used in buying liability just to enjoy life can be used to build yourself generational wealth by first investing in Bitcoin.
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Do you think this is a strategy to accumulate Bitcoin faster because of the volatile nature of Bitcoin? Lastly have anyone come across any individual who will deny his comfort for Bitcoin and what do you think are their motivations?
It does obviously because there are more money available for investing in Bitcoin and you can live without all those liability in the world that people put more importance on them. While I was in the university I had money to get myself a car but I didn't buy one but used the money for something else which wasn't buying Bitcoin but get give my an Idea of how investing can be very beneficial. We shouldn't try to be over comfortable while we haven't achieved financial freedom. We should allocate more money to investing irrespective of the investment not being Bitcoin but provided it's an investment that'll give you profits, we should go for them and not buying liability.
Investing is alright, but I don't think it should be done at expense of essential things that provide a fairly comfortable and fairly healthy life. Human life isn't very long, and it's quite unpredictable, so you never know how much you have left of it. That's why I think it's important to enjoy it when we can, and to avoid suffering for allegedly better times in the future (because that future might never come). Accumulating Bitcoin without a goal of spending it at some point, and doing that while harshly restricting oneself doesn't feel right.
Lastly have anyone come across any individual who will deny his comfort for Bitcoin and what do you think are their motivations?
We can't all be the same, everyone do things the way they feel like, don't look at others and judge them, I have starved myself in the past to acquire some Bitcoin, days went by with less food in my stomach and it was a tough time for me but in the end I won, now I can comfortably invest in Bitcoin.
Nothing comes easily, you have to break some chains with your might, this is the only way to break free, I don't see anything wrong fighting so hard to bring changes in your life, till today 89% of my income still goes into investment, even if it's not easy I still gotta do it, because this is how someone will grow.
Do whatever you can to have a greater future and don't forget to take good care of yourself, there will come a time where you can't even struggle anymore, now you have the boiling blood in you, fight now and rest later, hustle hard and smart.
Nothing comes easily, you have to break some chains with your might, this is the only way to break free, I don't see anything wrong fighting so hard to bring changes in your life, till today 89% of my income still goes into investment, even if it's not easy I still gotta do it, because this is how someone will grow.
Do whatever you can to have a greater future and don't forget to take good care of yourself, there will come a time where you can't even struggle anymore, now you have the boiling blood in you, fight now and rest later, hustle hard and smart.
If someone ask to me "what is Bitcoin", I won't say he's stupid because not every people understand with everything in this world, even you can easily use google to find the definition.
But what you asked here is one of stupid question.
Each person has brain to think whether it's good or bad to himself. If someone think money isn't important and it's okay to live from paycheck to paycheck because no one can predict we can live longer, how can I say he's wrong? I'm not a God who knows every people' life expectancy.
But what you asked here is one of stupid question.
Each person has brain to think whether it's good or bad to himself. If someone think money isn't important and it's okay to live from paycheck to paycheck because no one can predict we can live longer, how can I say he's wrong? I'm not a God who knows every people' life expectancy.
There's always something to do with money. Very few people in the world make so much money to the extent that they don't know what to do with it anymore. This is the set of people who comfortably take out money to invest without having to forgo anything.
For the average person, it's not so. The more you make money, the more you spend so if you keep a certain amount or percentage of your money to buy Bitcoin, you must forgo something else.
This doesn't mean you should keep yourself in a miserable situation just to buy Bitcoin. We have to satisfy our needs. We work hard to have a better life, not just now but also in the future. You can deprive yourself of some extravagant things because you want to invest, but it's still okay to be comfortable to an extent.
For the average person, it's not so. The more you make money, the more you spend so if you keep a certain amount or percentage of your money to buy Bitcoin, you must forgo something else.
This doesn't mean you should keep yourself in a miserable situation just to buy Bitcoin. We have to satisfy our needs. We work hard to have a better life, not just now but also in the future. You can deprive yourself of some extravagant things because you want to invest, but it's still okay to be comfortable to an extent.
Even people you think have money and don't know what to do with it again is true because look at people in Saudi they spend on luxury just because they already have a lot of money even sometimes spend hundreds of thousands of toys and they keep upgrading their private jets and other things with gold and so many things but being an average person that does not make a lot of money will have a lot of things to do with money starting from owning a house buying a car and also looking for ways to make their own life comfortable. and I noticed that rich people always find it very easy for them to invest in any kind of business especially if it is very profitable. and you are telling the truth the more you make money the more you spend. and the rich will invest in multiple businesses so that even when they keep spending their businesses are always covering the money they spent and that is why they keep getting rich even with the kind of life they are living. good point made if you do not have money to invest in Bitcoin yet don't discomfort yourself too much just because of Bitcoin. once you have money you can invest.
That's probably the truth, it's because men are most of the time not that materialistic when it comes to having a living quarters; a room that's got a pillow, futon, and some form of entertainment system would be enough to make a man's life as simple as we want it to be, I wouldn't say that I would be denying myself some form of comfortability, I'd rather be poorly invested in bitcoin but have a really good night sleep and no aching body parts due to poor posture than be fully invested but my joints ache because I tightened my belt even for the most basic stuff like the one that I've mentioned.
With the current rate of inflation in our individual countries, many people see it that there is a better future in investing and holding Bitcoin for a long period of time. Many see it as a breakthrough out of poverty while some see it as a way of storing value. However, in as much as we love comfortability, convenience in our daily lives there are individuals who will rather choose to forgo short term pleasure like luxury purchases, expensive outings, Unfurnished apartments all for the sake of acquiring a lot of Bitcoin in their portfolio. They are determined and dedicated to believe in the long term benefit of Bitcoin while making personal sacrifices to secure their future.
Based on their commitment to keep to their decision it makes me ask myself how do this set of person go about their daily lives when they know they can afford those things they see around?
Do you think this is a strategy to accumulate Bitcoin faster because of the volatile nature of Bitcoin?
Lastly have anyone come across any individual who will deny his comfort for Bitcoin and what do you think are their motivations?
Everyone is free to decide what standards of living they can accept in order to save and then use those savings to buy bitcoin, besides those luxuries that you are buying only help you on the short term, to some people it is way more important to secure their long term well-being, so if I have to choose between an expensive couch and invest that money in bitcoin now and then use that money on the distant future to be economically secure, I will choose the second option without any doubt. Based on their commitment to keep to their decision it makes me ask myself how do this set of person go about their daily lives when they know they can afford those things they see around?
Do you think this is a strategy to accumulate Bitcoin faster because of the volatile nature of Bitcoin?
Lastly have anyone come across any individual who will deny his comfort for Bitcoin and what do you think are their motivations?
Well, IMO, if there is no comfort, that means there will be discomfort, and discomfort would not really create a very conducive environment for the individual who is accumulating Bitcoin and therefore might still cause him to sell off if there arises a very depressing need.
This topic reminds me of the warning that is usually given to some investors: never to invest more than their budget. While investing in Bitcoin, it's necessary to save some emergency funds and at least be in a comfortable state so that there is no discomfort or distress that can cause them to sell off their Bitcoin early.
If an individual actually has enough money (very rich) or less money (not too rich), spending on their needs and things that give them comfort should not be a problem. For someone to invest in Bitcoin, they don't need to invest all their money in it; at least investing based on their budget and their pocket size will be more favorable for them.
Never live a life of regret, money for your self shouldn’t be something to think of that is if you really need that thing. Get it your carvings, visit the things thats interest you life is short and anything can happen and time wait for no one . You don’t have to starve yourself before you invest, investment money especially in spot it no 2day thing,
I mostly apply delayed gratification with my investments and instead of using it for those recreational or wants that I wanna have, that's how it goes for investing and allots some money from a portion of my income.
But that doesn't mean that I need to sacrifice comfortability. When you invest and you're waiving your comfortable living, it's not comfortable to invest like that.
You can lessen your investment and keep going with your living but as they say, you do you.
But that doesn't mean that I need to sacrifice comfortability. When you invest and you're waiving your comfortable living, it's not comfortable to invest like that.
You can lessen your investment and keep going with your living but as they say, you do you.
It's always discouraged to spend unnecessary money in your life. We can save money in our daily lives just by calculating a bit tighter. And we can invest those funds in Bitcoin, of course. For that, the person must meet with Bitcoin and should have a better idea about its history. Its kind of DCA strategy means to buy bitcoin whenever you have savings from your daily needs. For this type of investment, we should have enough patience to hold on for a long time. If you are seeking a good future, then you definitely have to compromise your comfort. This is a simple rule.
Using the income we have on things we don't really need, of course we won't have savings and what's worse we have loans because we use the money we have on things we don't really need, saving is very important if we think about the future because if we can't save it will certainly be very difficult to have savings and investments.Using the DCA strategy in making investments is indeed very good, everyone can do it easily, they can use part of the income they have and determine the purchase date they determine and buy it consistently so that they can enjoy profits when the price is high, to be able to profit from this investment. Of course we have to be able to survive for a long period of time and we shouldn't be affected if the price goes down after we buy it and if the price goes down we can buy more if we have enough savings.
There's always something to do with money. Very few people in the world make so much money to the extent that they don't know what to do with it anymore. This is the set of people who comfortably take out money to invest without having to forgo anything.
For the average person, it's not so. The more you make money, the more you spend so if you keep a certain amount or percentage of your money to buy Bitcoin, you must forgo something else.
This doesn't mean you should keep yourself in a miserable situation just to buy Bitcoin. We have to satisfy our needs. We work hard to have a better life, not just now but also in the future. You can deprive yourself of some extravagant things because you want to invest, but it's still okay to be comfortable to an extent.
For the average person, it's not so. The more you make money, the more you spend so if you keep a certain amount or percentage of your money to buy Bitcoin, you must forgo something else.
This doesn't mean you should keep yourself in a miserable situation just to buy Bitcoin. We have to satisfy our needs. We work hard to have a better life, not just now but also in the future. You can deprive yourself of some extravagant things because you want to invest, but it's still okay to be comfortable to an extent.
Based on their commitment to keep to their decision it makes me ask myself how do this set of person go about their daily lives when they know they can afford those things they see around?
Determination is the soul of every investor. This set of persons is determined to forgo pleasure because they know that the future will be better if they invest wisely today. I think that the most important needs are food, shelter, clothing, education and other basic things. For you to keep investing, there is a need to have self-control which makes one focus less on wants and more on investment. Quote
Lastly have anyone come across any individual who will deny his comfort for Bitcoin and what do you think are their motivations?
One does not need to suffer or die because you want to accumulate Bitcoin. You have to take care of yourself and your family first before thinking of investing because there are things that are more important than making money. Investing shouldn't deprive you of the good things in life. I think we should have a budget that will help us in planning how we spend and invest our income. Our priority should be our basic needs and any remaining funds can be invested in Bitcoin. Their motivation could be to create a financially stable future for themselves and their family members.
It's always discouraged to spend unnecessary money in your life. We can save money in our daily lives just by calculating a bit tighter. And we can invest those funds in Bitcoin, of course. For that, the person must meet with Bitcoin and should have a better idea about its history. Its kind of DCA strategy means to buy bitcoin whenever you have savings from your daily needs. For this type of investment, we should have enough patience to hold on for a long time. If you are seeking a good future, then you definitely have to compromise your comfort. This is a simple rule.
This. I don't want to do like the ERE (Early Retirement Extreme) people, who live a shitty life, skimping as much as possible, even on basic things like food and other things that can affect their health, so that in a hypothetical future they can retire. The best years to enjoy are when you are young. If you spend too much time saving, you might die and not have enjoyed anything, or when you are old enough to retire you are in poor physical condition. That's why I think there needs to be a balance between saving (and investing) for the future and enjoying the present.
Some of us live that way just to be still round. Of all the time in the world. Isn't that a miracle?
Well, IMO, if there is no comfort, that means there will be discomfort, and discomfort would not really create a very conducive environment for the individual who is accumulating Bitcoin and therefore might still cause him to sell off if there arises a very depressing need.
The DOCTOR himself, you just cure the sick or the dieses in the thread. Nobody can invest in Bitcoin when they have not even eaten for days then such investment is nonsense. You starve yourself to invest and when you die who will enjoy the money. That means you are discomforting yourself to invest in Bitcoin for others to come inherit your investment. You can only deny yourself and invest in Bitcoin when you are a civil servant or a business man that there is steady income daily or monthly which you can use it to pay bills and other domestic payments. But whereby you are not doing anything and you want to deny yourself to invest, ah, we might hear a sad story. Op before you deny yourself to invest make you have to examine yourself very well if you can withstand with the pressure. 
That’s what how precious bitcoin is that some men are able to live their life in current discomfort just to buy bitcoin as it will surely give them their future comfort. Even myself, if only I’m still single, I would do all the sacrifice for now just to accumulate bitcoin consistently. But when you have children around, you cannot let them live a life that is not comfortable. You can deny yourself from living a comfortable life but it’s a different story when you are raising little kids around.
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Based on their commitment to keep to their decision it makes me ask myself how do this set of person go about their daily lives when they know they can afford those things they see around?
Do you think this is a strategy to accumulate Bitcoin faster because of the volatile nature of Bitcoin?
Lastly have anyone come across any individual who will deny his comfort for Bitcoin and what do you think are their motivations?
In fact, what is our profit after holding Bitcoin? What exactly are we holding Bitcoin for? Because later on to enjoy a secure and comfortable life? We are human and we all know the proverb that "Man is mortal" so when our life will end we never know. So it makes no sense to leave yourself in a bad situation now to achieve a comfortable life later. The reason why I put myself in discomfort is basically uncertain. And it's been working on me more and more since seeing LEO's topic for the past few days.Based on their commitment to keep to their decision it makes me ask myself how do this set of person go about their daily lives when they know they can afford those things they see around?
Do you think this is a strategy to accumulate Bitcoin faster because of the volatile nature of Bitcoin?
Lastly have anyone come across any individual who will deny his comfort for Bitcoin and what do you think are their motivations?
Anyway, I'm not discouraging anyone from holding Bitcoin or investing in Bitcoin, I'm just saying don't waste your present for future comfort, invest as much as you can afford now, there's no point in taking extra stress by investing beyond what you can't afford. Select a bearable amount from your income and start holding for long term through DCA method.
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