Don't you think you should invest in Bitcoin instead of burning your money in fire - page 3.

Vinaa77

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Quote from: Dr.Osh on June 05, 2024, 08:14:05 AM

Yes, if we calculate what we have spent, I think it will make us regret it. This is just a mindset that is usually given by motivators to diligently save or invest. Unfortunately, the real situation is not like that. Sometimes we need something to make us feel better and more enthusiastic, and to make our minds feel fresh again. However, I agree that smoking can be detrimental to a person, because it has so many positive alternatives, especially at a young age.

Indeed, there is no harm in reviewing the expenditure that we have used for the needs we need and after that we will be able to realize whether the expenditure we have used has been appropriate for useful things or not and if we have found that our expenditure has not been for things that are useful for us. Of course we have to be able to learn it and we can avoid it so we don't spend money on things we don't need.

Yes, of course we need something that will make us feel better and indeed there are some people who think that smoking will make their minds fresher, but this can also damage our health if we smoke in large quantities and this also makes us have to spending more money to buy cigarettes and it would be better if we could reduce it so we can set aside some of the money we have so we can save and also invest.

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Quote from: Bravut on June 05, 2024, 09:13:14 AM

Real Talk, OP. This kids need have proper orientation and strong moral background because regret is bound when one realizes the lost years, and might be too late or become a struggle to start all over again, I do not understand the reason behind such attitudes were one waste money for something of no value and productivity. Instead of gearing up for the future goals.
There is a saying that goes; Make hay when the sun shines".

I'm also not sure that students who spend their money on cigarettes, as Op calculated, diverting it to save, can collect that much. especially for Bitcoin investment purposes.
from a non-smoker's perspective, the money may just be a waste. but for smokers, to meet their needs. Know that each person has their own needs from their body.
Anyone who succeeds in quitting smoking is a good thing and it may be a difficult phase for all smokers.

I do not condone smoking among students. but we cannot direct this fact to Bitcoin investment goals. If you do the math, this money does have a pretty good nominal value. but I doubt it can be done.

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Quote from: Imugen on June 03, 2024, 05:08:38 AM

The world is changing really fast. Nowadays school students starting from 9th-10th students to college level students are indulging in smoking to show themselves smart, nowadays it has increased a lot. When a student is addicted to smoking, he spends about one to one and a half dollars a day on buying cigarettes. A cost per month is $30 to $45, which if converted annually is $360 to $540. A student spends about $2,500-$3,700 on smoking over seven years. If we had saved this amount of money in any investment or for the future without spending it unnecessarily during our student life, then the path in life would have been very easy. The most difficult journey of a student's life begins in the years after graduation, when your savings or investments may come in handy.
If a student invests in coins like bitcoin without burning $2500-3700$ in his education life and also while he is busy establishing himself, this amount of money will power the way. Many may say that bitcoin risk has little guarantee of future profits but smoking guarantees that you will die very soon. I want to say that since I took the risk, why am I not in Bitcoin!
I have one regret because I have been through this cycle. I know and also know my community who is doing what how. I don't know if there are such members in this forum, but maybe there are many who have grown up or are in this cycle, to them I would like to tell them to quit smoking and start saving money and invest in Bitcoin and ensure a bright future.

Yeah that's true and it's very crucial that we should educate our young generation that investing into wrong things will only bring your personalities and health down while if you invest into the good alternatives available then it will be very beneficial for you especially for the old age.

If you want to live a successful and profitable life then you should learn how to invest amongst the best options that are available all round the world.

Bravut

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Real Talk, OP. This kids need have proper orientation and strong moral background because regret is bound when one realizes the lost years, and might be too late or become a struggle to start all over again, I do not understand the reason behind such attitudes were one waste money for something of no value and productivity. Instead of gearing up for the future goals.
There is a saying that goes; Make hay when the sun shines".

Dr.Osh

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Quote from: justdimin on June 05, 2024, 07:50:01 AM

A lot of people calculate these, like an 8 dollar cup of coffee every morning over course of 10 years (including inflation) would worth enough to be a huge capital for a house down payment too, or smoking, or drinking, hell even like netflix subscription if you think about it.

When you combine all of this, imagine living a life where you do not smoke drink or go out or eat anything expensive, you just eat noodles, drink tap water, watch cable tv, and sleep without doing anything else and spending nothing more, I guarantee you that you will not even see retirement because you will get sick from living a terrible life. We should be able to afford these and still retire, the fact that we can't isn't our problem but capitalisms desire.

Yes, if we calculate what we have spent, I think it will make us regret it. This is just a mindset that is usually given by motivators to diligently save or invest. Unfortunately, the real situation is not like that. Sometimes we need something to make us feel better and more enthusiastic, and to make our minds feel fresh again. However, I agree that smoking can be detrimental to a person, because it has so many positive alternatives, especially at a young age.

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Quote from: Imugen on June 03, 2024, 05:08:38 AM

The world is changing really fast. Nowadays school students starting from 9th-10th students to college level students are indulging in smoking to show themselves smart, nowadays it has increased a lot. When a student is addicted to smoking, he spends about one to one and a half dollars a day on buying cigarettes. A cost per month is $30 to $45, which if converted annually is $360 to $540. A student spends about $2,500-$3,700 on smoking over seven years. If we had saved this amount of money in any investment or for the future without spending it unnecessarily during our student life, then the path in life would have been very easy. The most difficult journey of a student's life begins in the years after graduation, when your savings or investments may come in handy.

A lot of people calculate these, like an 8 dollar cup of coffee every morning over course of 10 years (including inflation) would worth enough to be a huge capital for a house down payment too, or smoking, or drinking, hell even like netflix subscription if you think about it.

When you combine all of this, imagine living a life where you do not smoke drink or go out or eat anything expensive, you just eat noodles, drink tap water, watch cable tv, and sleep without doing anything else and spending nothing more, I guarantee you that you will not even see retirement because you will get sick from living a terrible life. We should be able to afford these and still retire, the fact that we can't isn't our problem but capitalisms desire.

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Quote from: Imugen on June 03, 2024, 05:08:38 AM

If a student invests in coins like bitcoin without burning $2500-3700$ in his education life and also while he is busy establishing himself, this amount of money will power the way. Many may say that bitcoin risk has little guarantee of future profits but smoking guarantees that you will die very soon. I want to say that since I took the risk, why am I in Bitcoin!

Smokers are liable to die young, smoking is not a good habit to have but some people have exception when you have a health condition and you need to smoke to stay alive. You can smoke and still invest in Bitcoin to help plan you future. What you will do is to not take smoking as a continuous habit that you will be doing everyday. You can skip some day and keep that money to use in investing in Bitcoin. If you take this decision you will not regret it because when Bitcoin pumps in the future, you will be among those that will benefit because you are holding Bitcoin. There are many things that we do that are not necessary and if we kept that money to use in investment, we can have a better future after we are done with schools. You can also use that money saved to start up a business that can give you money to use in investing in Bitcoin when you have more stable income.

Zoomic

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If we continue to recount all the things we spend money on instead of investing, we will continue to live in regrets. First of all, for students in high schools and colleges, the main focus is to acquire basic education relevant to their field and at that level it is best they concentrate more on learning and saving. Introducing bitcoin investment and any other forms of investment will be a kind of distraction to them. Once a child begins to make millions from his investments in bitcoin, formal education will make little or no sense to him and remember, no education is a waste. Bitcoin investment isn't fading away anytime soon, they still have a long way to go. Money spent on smoking and other things not relevant can be saved while still sorting out their academic works.

Essential10

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As the world changes rapidly, reality becomes more difficult. OP I see what you mean, see what the non smoker did from student life? Must have spent his money from his student life on food items or traveling, this is what happens in most cases in student life. Since their parents provide three-four meals a day from home, may he must have able to save his money. The money was useful in his future as you explained with the example of a smoker. But OP I'm not disrespecting you, the point you brought up was a good one. No one thinks things through in a practical sense. But I can only work to spread these things as a message to the next generation, a young student will decide for himself how to proceed in the future life cycle.

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Well, it's true that if someone doesn't buy useless and harmful things and saves money, they can use that money to make some investment or use it for something useful in the future, but I would say that one doesn't specifically need to keep saving $1 bills each day for this purpose but it is a better practice if they spend that money on food or other stuff that are beneficial for them instead of buying cigarettes and other harmful substances.

I often hear people making estimates that if we save x amount each day, we can have x amount as our capital at the end of the year that we can use to make investments, I get it, it's right, but it is better that we leave these things on our income and spend the money we have currently on things that can be beneficial for us at the present time.

Maus0728

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You can't force everyone to have the same belief as you, you might not consider it but those people that are smoking cigarettes, they already know that they're wasting their money on that, most of them want to relieve their anxiety since cigarettes are a pretty good way to relieve that, the only problem is that it's addictive to some level. Also, did you know that even if you've got the right answer or the right thing to do, it wouldn't matter much because they're not interested at all and they don't really care too much about what you've got to say and to them, you're an annoying person that needs to shut up.

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If you're just going to save money, it's better to spend it on buying Bitcoin, and at least every passing day or month, even if it takes a year, for sure there will be a change in the increase in its value in the market. Then it has been tested by long-term investors.

If I look at it, it's a good thing to do if they really understand the potential of Bitcoin. For sure, all the people who like to save money at home and don't like the bank will buy it when they find out about it. of Bitcoin in real life only.

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Quote from: PrivacyG on June 04, 2024, 06:39:54 AM

~snip~
I would really like to know how many of the quitters turned Rich after quitting.

No one is going to become rich in the sense that they can buy a yacht or a super luxury car if they quit smoking or eating unhealthy food - but anyone who does will very likely benefit greatly to their health - and if it is only about quitting smoking, then it will have a positive effect on the people around that person.

I can tell you that I decided a long time ago to stop smoking and eating junk food, and considering that I smoked the most expensive cigarettes and ate a lot of such food, I saved a lot of money - to put it like this vividly, enough to buy a new mid-class car and that's just for a period of 10 years. I invested a part of my saved money in BTC a long time ago, and it was the best investment ever because that BTC still exists and is worth a small fortune today Wink

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Also, ask how much health your students are wasting by starting to smoke at a young age and how long they have damaged their lungs. Smoking does not go unnoticed if you quit smoking today. The mark will remain for many years.
But if we translate everything into unnecessary spending, we can also say that people could limit themselves to alcohol, junk food, entertainment, and so on. But you can’t transfer everything to hoarding. This is life; people are different, they have different preferences, and we have no right to dictate to them what is good and what is bad.
The truest truth is the one you believe in. If you are investing in Bitcoin, go ahead. But let everyone else decide for themselves.

Quote from: Antonas1 on June 03, 2024, 08:02:21 AM

Quote from: Imugen on June 03, 2024, 05:08:38 AM

Many may say that bitcoin risk has little guarantee of future profits but smoking guarantees that you will die very soon.

Bullshit, cigarettes don't affect your age, for real.

This reminds me of someone we tell him is an alcoholic. He will never admit it. Grin

GideonGono

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Some people use it to calm their self, relax or as a stress reliever.
While I agree that it is better for them to invest it rather than burning it, but we also need to consider why they are doing it.
Everyone of us has vices it isn't just smoking, but also drinking and other like excessive buying of things we don't really need or already have.

Antonas1

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Quote from: bSpend on June 03, 2024, 04:09:46 PM

Quote from: Antonas1 on June 03, 2024, 08:02:21 AM

...

What exactly do you mean by "students don't invest, and they shouldn't be taught to do this because they are not mentally or emotionally stable"? What level of students do you think op is talking about or referring to, did he mention that the students he is talking about are nursery or elementary pupils?

OP mentioned starting in 9th grade, and I'm a high school teacher. That's why I can say they're not ready—at least most of them. Unless the OP says it started with college students, I wouldn't argue.

Quote from: bSpend on June 03, 2024, 04:09:46 PM

Quote from: Imugen on June 03, 2024, 05:08:38 AM

Quote from: Antonas1 on June 03, 2024, 08:02:21 AM

Many may say that bitcoin risk has little guarantee of future profits but smoking guarantees that you will die very soon.

Bullshit, cigarettes don't affect your age, for real.

I did not read any where where op said cigarettes affects one's age,

Do you actually read?

Dr.Osh

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Sometimes habits and environment influence a person's activities. In fact, when he focuses on business such as investment, or something like that, when smoking has become a habit, and they are used to it, it is very difficult to give up. Apart from that, there will be many alibis to avoid this, for example, even people who don't smoke find it difficult to do this. Well, I think your goal is very good to give people encouragement to invest, but it all depends on their habits and environment again. Hopefully many people follow this advice.

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Quote from: Cryptomultiplier on June 04, 2024, 07:02:09 AM

Quote from: Imugen on June 03, 2024, 05:08:38 AM

The world is changing really fast. Nowadays school students starting from 9th-10th students to college level students are indulging in smoking to show themselves smart, nowadays it has increased a lot. When a student is addicted to smoking, he spends about one to one and a half dollars a day on buying cigarettes. A cost per month is $30 to $45, which if converted annually is $360 to $540. A student spends about $2,500-$3,700 on smoking over seven years. If we had saved this amount of money in any investment or for the future without spending it unnecessarily during our student life, then the path in life would have been very easy. The most difficult journey of a student's life begins in the years after graduation, when your savings or investments may come in handy.
If a student invests in coins like bitcoin without burning $2500-3700$ in his education life and also while he is busy establishing himself, this amount of money will power the way. Many may say that bitcoin risk has little guarantee of future profits but smoking guarantees that you will die very soon. I want to say that since I took the risk, why am I not in Bitcoin!
I have one regret because I have been through this cycle. I know and also know my community who is doing what how. I don't know if there are such members in this forum, but maybe there are many who have grown up or are in this cycle, to them I would like to tell them to quit smoking and start saving money and invest in Bitcoin and ensure a bright future.

This is one reason why it is very important as parents or guardians to inculcate financial education in the life of our young ones before they even get into college and have time to indulge themselves.

The emergence of cryptocurrency not only opened our eyes to how fast the world is evolving, but it also did make us know that going to college with a degree and a good paying 9-5 job, doesn't guarantee a financial successful life.
Investment is and has only been the right way out of poverty and the sooner we teach our kids how to invest first before they spend, the better our lives will be.

Like don't spoil them and give what they want as easy as they can since for sure that this could never give any result to certain person especially if they think that its easy for them to get something that they wanted.

For sure when they grow up they became useless individual since those people don't know anything. So much better to teach young people to think about how they can get those things that they wanted thru the efforts made since for sure in future all thing what they do and skilled learned will surely help them to build a good foundation that can give them a better life. Investment will come after that once they are fully aware of everything including the risk which those people may possibly facing on along the way on their ventures.

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Quote from: Imugen on June 03, 2024, 05:08:38 AM

The world is changing really fast. Nowadays school students starting from 9th-10th students to college level students are indulging in smoking to show themselves smart, nowadays it has increased a lot. When a student is addicted to smoking, he spends about one to one and a half dollars a day on buying cigarettes. A cost per month is $30 to $45, which if converted annually is $360 to $540. A student spends about $2,500-$3,700 on smoking over seven years. If we had saved this amount of money in any investment or for the future without spending it unnecessarily during our student life, then the path in life would have been very easy. The most difficult journey of a student's life begins in the years after graduation, when your savings or investments may come in handy.
If a student invests in coins like bitcoin without burning $2500-3700$ in his education life and also while he is busy establishing himself, this amount of money will power the way. Many may say that bitcoin risk has little guarantee of future profits but smoking guarantees that you will die very soon. I want to say that since I took the risk, why am I not in Bitcoin!
I have one regret because I have been through this cycle. I know and also know my community who is doing what how. I don't know if there are such members in this forum, but maybe there are many who have grown up or are in this cycle, to them I would like to tell them to quit smoking and start saving money and invest in Bitcoin and ensure a bright future.

This is one reason why it is very important as parents or guardians to inculcate financial education in the life of our young ones before they even get into college and have time to indulge themselves.

The emergence of cryptocurrency not only opened our eyes to how fast the world is evolving, but it also did make us know that going to college with a degree and a good paying 9-5 job, doesn't guarantee a financial successful life.
Investment is and has only been the right way out of poverty and the sooner we teach our kids how to invest first before they spend, the better our lives will be.

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Quote from: Yey09 on June 04, 2024, 05:48:49 AM

Unfortunately, people think that short term pleasure like smoking is better than big wealth in the future

Yet there are people who do not smoke but drink Coke. Or who do not drink Coke or smoke either but eat fast food. Or they do not do either, but they have a very unhealthy diet. Or people who smoke and live up to 90 years old, but then people who live a very healthy life and die before their 20s.

I would really like to know how many of the quitters turned Rich after quitting. Like I previously said, you can save no matter what vices you have and how shitty your life style is. Any body can do it, even if they save a Dollar a week, that is still better than none. But we prefer excuses instead. Oh, only if I had not smoked for 20 years I would of been Rich today! I quit smoking, but only if I did not purchase more fast food and clothes I would of been so Rich!

Topic: Don't you think you should invest in Bitcoin instead of burning your money in fire - page 3. (Read 835 times)