Topic: Do you have two mindsets in crypto and irl world? - page 3. (Read 439 times)
I can relate to OP, I am more easily to spend 'digital' money, not just on crypto, any money that is digital. I think it's because we don't hold it physically, while before this time we always have physical money, and digital money easier to be spent, we can spend it while laying around on the sofa in our house. But maybe the newer generation that has known digital money since they understand how to spend it will have different perspective.
apparently I do have this mindset 
, spending physical money feels like i'm wasting money and spending through online e-commerce I feel like it's not a big deal at all.
I guess it's because spending money online distract our focus from actually keeping ourselves from over spending, with the many discounts offered and at some cases the price of goods in online store is significantly cheaper really attracting me to spend money.
I think when we are in real life, not having that much cash usually and keeping all the money in our bank account, also contribute to grow that sense of scarcity that we might run out of money if we spend the physical cash that we have, it's psychology at play affecting the way we are thinking here.
, spending physical money feels like i'm wasting money and spending through online e-commerce I feel like it's not a big deal at all.I guess it's because spending money online distract our focus from actually keeping ourselves from over spending, with the many discounts offered and at some cases the price of goods in online store is significantly cheaper really attracting me to spend money.
I think when we are in real life, not having that much cash usually and keeping all the money in our bank account, also contribute to grow that sense of scarcity that we might run out of money if we spend the physical cash that we have, it's psychology at play affecting the way we are thinking here.
To say, I find myself being more generous in crypto, can spend dollars here and there like it's nothing whereas in irl I'd think twice before purchasing a higher priced items at a grocery store.
Well, it's not only you but most of us who are part of crypto community. I used to have same mindset of spending dollars here and there to see what works and what doesn't but now I'm more careful in spending my crypto generated income. I spend it wisely and that's why I've been getting some good benefits and also my assets have been increasing overtime.We all have to spend money on good things whether in crypto world or in groceries but surely we should be more cautious about our spending as overspending on things that aren't important is nothing but stupidity. I used to spend money on degen meme coins, crypto presale projects in hope to get better returns but in those areas I only lost money and made nothing at all. And, that's the reason I believe that spending our crypto income properly will help us in long term.
When Im reading it that sounds like a whole load of experience within the crypto world. Cost management and informed decision-making are so crucial, especially in the area of cryptocurrency, which can be very volatile. It's nice to hear that you're seeing some positive results from the more disciplined approach you've had. It could be really tempting to invest in these generally very hazardous assets, such as meme coins and pre-market software, but, as you have seen, when you generally have the most risk, that is typically the possibility of loss and that's right, focus on strategies that will give you the ability to create long-term stability with positive growth and manage your profits wisely to provide a more secure future for yourself financially.
To say, I find myself being more generous in crypto, can spend dollars here and there like it's nothing whereas in irl I'd think twice before purchasing a higher priced items at a grocery store.
Well, it's not only you but most of us who are part of crypto community. I used to have same mindset of spending dollars here and there to see what works and what doesn't but now I'm more careful in spending my crypto generated income. I spend it wisely and that's why I've been getting some good benefits and also my assets have been increasing overtime.We all have to spend money on good things whether in crypto world or in groceries but surely we should be more cautious about our spending as overspending on things that aren't important is nothing but stupidity. I used to spend money on degen meme coins, crypto presale projects in hope to get better returns but in those areas I only lost money and made nothing at all. And, that's the reason I believe that spending our crypto income properly will help us in long term.
I can easily pay for a service or goods online worth $10-$50 without thinking much about it since the payment is being made in USDT or any other crypto. I don't see it as much of a big deal, but each time I convert that same amount to my local currency, it appears big in my account, which will make me start asking if what I'm paying that amount for is really worth it or not.
You have an idea of how 10 to $15 look on physical fiat currency this is why it is somehow difficult for you to use that amount gambling but if it's a digital figure where you are unable to see the quantity in a physical form, it can be easier for you to decide to gamble. This is one of the reasons why I think that people can easily get more addicted to gambling online and loosing composure on the amount they use in gambling than gambling in physical outlets. 
To say, I find myself being more generous in crypto, can spend dollars here and there like it's nothing whereas in irl I'd think twice before purchasing a higher priced items at a grocery store.
I feel it's like cash and paying online kinda thing, if you don't know what that is, it's quoted below:
Source: Cashless Effect
This usually happens to me, especially when gambling online I stake in usdt or btc with this I don't do the normal converting the equivalent to our NGN because when I does it is like way too huge for me to spend out, but when spending with the space I takes it more likely compared out of the space. Our currency has no value when converting usdt/NGN it more scary while spending NGN over here. I feel it's like cash and paying online kinda thing, if you don't know what that is, it's quoted below:
Quote
The cashless effect describes our tendency to be more willing to pay when there is no physical money involved in a transaction. It means that we are more likely to purchase something on a credit card than if we have to pay for it with cash.
Source: Cashless Effect
I can easily pay for a service or goods online worth $10-$50 without thinking much about it since the payment is being made in USDT or any other crypto. I don't see it as much of a big deal, but each time I convert that same amount to my local currency, it appears big in my account, which will make me start asking if what I'm paying that amount for is really worth it or not.
In times of cashless transactions, I barely go out with a physical cash that can amount up to $20 if converted to my local currency. It's more convenient for me to pay for goods with wired transfer than pay cash; it helps for proper reference purposes.
In times of cashless transactions, I barely go out with a physical cash that can amount up to $20 if converted to my local currency. It's more convenient for me to pay for goods with wired transfer than pay cash; it helps for proper reference purposes.
To say, I find myself being more generous in crypto, can spend dollars here and there like it's nothing whereas in irl I'd think twice before purchasing a higher priced items at a grocery store.
I feel it's like cash and paying online kinda thing, if you don't know what that is, it's quoted below:
Source: Cashless Effect
I feel it's like cash and paying online kinda thing, if you don't know what that is, it's quoted below:
Quote
The cashless effect describes our tendency to be more willing to pay when there is no physical money involved in a transaction. It means that we are more likely to purchase something on a credit card than if we have to pay for it with cash.
Source: Cashless Effect
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