Don't you think you should invest in Bitcoin instead of burning your money in fire - page 5.

serjent05

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Quote from: Catenaccio on June 03, 2024, 06:17:06 AM

As students, they don't have to focus on investment because there are more important things for them to do. Learning, finishing their education course and getting a degree which are all more important for them at this period in their lives.

Students can do both investment (if they have the money) and learning at the same time so I do not think that attending school is an excuse to not invest in any good investment venture. I am with @OP when he stated that instead of burning money on smoking, it is much better if these students are informed about a possible investment venture that can yield them a good profit in the future. These investment can give these kids a headstart after they had graduated since they may have a good enough fund to support them on their wanted venture.

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Lives are so long for them to start investment anytime and opportunities are always there in the market. When they get a degree, find a job, get salary, they can have savings for investment, it is never too late.

I disagree, life is not that long and opportunities missed are hard to come by again. The same thing with the price of Bitcoin when it was on its earlier days. Besides, investing on something does not need a person to fully spend his whole day every day on it like when investing on BTC, they just need to buy and secure the wallet holding the BTC and wait for the day it hits their target price. So they can still focus on their study after their investment in Bitcoin.

Ojima-ojo

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Smoking and alcohol are highly addictive, and my advice for teenager is never to start it at all, because once you are addicted it only takes almost an impossible route to overcome such huck, and those that smoke, drink or do all the other addictive activities can never have the right frame of mind to save up money, since there is always a push in them to buy more drugs and test new breed of those drugs, secondly their mental health is already affected so they can't think rationally about money and how to multiply the money through savings.

Before you introduce Bitcoin to the, you must first of all make sure to help them overcome they addictions, if not they won't have the patience and zeel for any other productive thing like saving and other financial activities that can bring a productive lifestyle for them.

Derek jnr2001

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sometimes i keep wondering what could be their profit from smoking cigarettes just imagine wasting this huge amount of money for something that can't even add any value to our life, actually is a very big Fed up to mankind, most of them are addicted to the extend that even if you advice them to limit from smoking cigarettes they will look at you as a bad friend because they think that's the best life to live, without knowing that they're making a very big mistake that they will regret in future to come.

Questat

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Quote from: Fiatless on June 03, 2024, 06:18:07 AM

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

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.

It is common to assume that the money we spend on items like cigarettes, alcohol, and other unnecessary things is insignificant. But when we gather the money we carelessly spend for a long time, it can be enough to invest in a profitable venture. So I support op that smokers can quit and keep the money aside which can help them to put it into an investment. I support his stance wholeheartedly because smoking has no nutritional benefits and has severe health consequences. So quitting will be good for our finances and health. If some people calculate how much they have spent on cigarettes for twenty years, they would have been millionaires if they had bought and held Bitcoin for a long time.

Well, people who are addicted to any vices won't realize that until they run out of money and have nothing to run anymore to sustain their vices, or their health are already in bad condition, that's when they realize that what they're doing is bad for them. For now, since they are totally dependent to their parents, they will continue to smoke and waste their allowance, but maybe once they have their own family, they will realize that it's better to save up for money so they can invest into something that has potentials wherein their kids will benefit in the future.

Wexnident

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

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But there's no one really to start helping them know about what to do. I have a friend who was able to do what you wanted, learn about investments, and businesses at around 11th or 12th grade iirc, and he managed to grow that business pretty big. Pretty sure he has his own startup right about now, and still growing. And you can see how that's unique since he's like one out of the hundreds of people I know in my locality.

Yes, in hindsight, I definitely would've loved investing in Bitcoin and learning about it back when it was just new, but that's the me now. The me back then probably wouldn't give a crap lol, and that was me actually hearing about it before back then!

bSpend

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

I smoke, but nevertheless, I still count and make investments of any kind.
Students should not invest; don't teach them to do this as they are not yet mentally or emotionally stable.

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?

Man, gets your facts right and stop this misinformation, the best time for one to start to invest, or learn to start investing is when they are in collage, or any body from 15 years and above can invest as long as they are well guided.

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.

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

I did not read any where where op said cigarettes affects one's age, and besides, is age an important factor in human death? The answer is No, because even a child can die if he or she is not well taken care of.

Cigarettes doesn't affect your age, but it does destroy your internal organs, like your liver and lungs, but then, this things are things we cant see with our eyes, so it's often not believed by many, most especially smokers like yourself.

peter0425

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Quote from: Emmybit001 on June 03, 2024, 05:29:43 AM

It's just because they don't know, they don't have the knowledge of it so it takes someone to tell them about it so they can have that knowledge, but to most of them they are addicted to it and it can only take the grace of God for them to change automatically.

Some people even if they are aware of such opportunities they never actually take them which is a shame for them. But that is just because their focus isn’t on the future yet. Kids nowadays rarely have that in mind. They just want to have fun so even if they know about crypto, they will not dedicate money for that.

Silberman

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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.

It is easy to make those calculations but it is very difficult to actually do what you claim, first of all cigarettes are very addictive and it is a struggle for those people to stop smoking, also a young person will very rarely think that long term and save so much money over such a small monthly expense, and finally while investing at such a young age is the right path to take, very few people actually invest in anything, so the person which could do all of those three things must be extraordinary to accomplish all of this at such an early age.

Issa56

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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.

Sometimes I do sit and think about what some people see in smoking. I don’t see anything interesting or useful about smoking, all I see is people trying to kill themselves. Some people can do everything in their power just to get money and smoke, and after smoking, they will start doing crazy things, causing problems in society. What surprises me most is that even the younger generation is getting addicted to smoking. How I wish something could be done to stop that.

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

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.

Do you think smokers care about there future? They don’t care about future investments, all they want is to get money and smoke. Don’t be surprised that some smokers end up selling their investments when they don’t have money to smoke, and they will end up spending all the money on smoking. Some of them do say they don’t know maybe they will be alive to see the future, which you are asking them to invest for, So asking them to invest is just a total waste of time.

suzanne5223

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Every juvenile once made a mistake at a certain point in life but what determines the gravity of the mistake ^{(either in terms of spending, no decision making, or the wrong company)} is the society where the juvenile grow up in and the model of living of his/her family.
The major things affecting us today are because some parents themselves are still kids in terms of maturity and the earlier we correct all this the better we have a society where we will see few or no youths with drug problem.
OP, it is good you learned the hard way, the better is for you to prevent your young ones from making the same mistake you did and let them know the importance of Bitcoin investment.

PrivacyG

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It is true, you can save a lot of Money if you saved the cost of every single cigarette you smoke.

But on the other hand I believe the people who smoke would still not save enough Money even if they stopped. I am saying this because I see a lot of both smokers and non smokers who still have no money put to the side. Why are the non smokers not Richer than the smokers?

Some body who wants to save Money would save whether they smoke or not. Whether they are living on the edge or not. It is all about their mentality. You can smoke only a little bit less and save the rest. You can smoke as much as you wish and still save. If you want to save, just save.

kotajikikox

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Quote from: moneystery on June 03, 2024, 06:37:39 AM

if we calculate how much money is burned by smokers, maybe it will reach hundreds or thousands of dollars in a year. but we are just a third party who can only calculate how much money is spent by others, but what about us? what about the money we spend on gambling or on snacks or other things? because if we calculate it, maybe it will be equivalent to the money spent by a smoker and can we invest in bitcoin? because it is very easy to judge others compared to doing it ourselves. no need to say that smokers should quit smoking to invest in bitcoin, just do it yourself, because you will only waste your time when you lecture others.

Very well said.

All of us have some addictions probably. Maybe not as harmful as smoking nor as extensive but I am sure a lot of us are spending on things that would have been better if we had spent it on investing in bitcoin. But smoking should really be discouraged just from the fact that it’s unhealthy on the body.

Antonas1

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I smoke, but nevertheless, I still count and make investments of any kind.
Students should not invest; don't teach them to do this as they are not yet mentally or emotionally stable.

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.

mirakal

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Quote from: Catenaccio on June 03, 2024, 06:17:06 AM

As students, they don't have to focus on investment because there are more important things for them to do. Learning, finishing their education course and getting a degree which are all more important for them at this period in their lives.

Lives are so long for them to start investment anytime and opportunities are always there in the market. When they get a degree, find a job, get salary, they can have savings for investment, it is never too late.

They can do e-learning with free sources on Internet and find jobs in cryptocurrency but it's not main focus for them. It should be their part time activities when they already fulfill their learning at college or university.

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Well, you have a point. However, instead of spending for their smoking habit, they should divert that one into learning to save, at least when they graduate from school, they still have savings to buy presents for theirselves or just continue saving to fund their future investment. Although investment opportunities are bigger when they land a stable job, but it’s not a loss for them if they start saving early for their future and not just waste their money on a vice that won’t make any good for them but will only put their health into danger.

kryptqnick

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Whether smoking is on the rise currently seems to be a complicated question. It was falling, but then the process was stalled by the pandemic. In any case, there is a significant amount of smokers, and you can add other bad habits like alcohol here as well. It's certainly better to invest the money that could go on these habits into Bitcoin. This way, you're taking a risk with your money, which may or may not pay off, whereas with smoking and drinking you are taking a risk with your health, and there's only a matter of how much you lose but winning is out of question.

Iranus

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Quote from: Catenaccio on June 03, 2024, 06:17:06 AM

As students, they don't have to focus on investment because there are more important things for them to do. Learning, finishing their education course and getting a degree which are all more important for them at this period in their lives.

Lives are so long for them to start investment anytime and opportunities are always there in the market. When they get a degree, find a job, get salary, they can have savings for investment, it is never too late.

They can do e-learning with free sources on Internet and find jobs in cryptocurrency but it's not main focus for them. It should be their part time activities when they already fulfill their learning at college or university.

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That's why I never advocate teaching bitcoin investment to teenagers, especially students, there are many things worth learning and many things they need to learn to prepare for a future. Bitcoin is just an investment like many investments like gold or stocks, it is not an essential thing that anyone should have because many people are still rich without knowing what bitcoin is.

But in the scenario OP gave, I would support them saving money to invest in bitcoin instead of using money their parents gave them to use stimulants like cigarettes or alcohol. It not only affects their learning but also affects their health, and even destroys their health and future if addicted.

Hewlet

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The reality is that the last thing that someone that's in a state of addiction will ever think of is to get himself out of the mess and convert the money he he's using for such stuff into investing into his future. If they even invest into Bitcoin before taking care of thier mental health, they will always at some point in time sell off thier Bitcoin and use the money to buy cigarette or any substances they've been addicted into. If you don't take care of some other important aspect of your life, you will end up blowing your investment out when it gets tough.

Investing into any meaningful stuff mostly comes to play when you're able to figure out how to live reasonably and worth out your basic need and then you can now make provision for an amount that's going into your investment and then another than can sort out your basic needs as well as serve as your emergency funds.bif you're yet to fix these aspect of your life, the possibility of being able to effectively invest into Bitcoin or another asset will be too slim.

MrNata

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OP, nice survey you made, the quote you put up is very similar to your personal life. You must now realize how much money you have wasted. If I'm not mistaken, you mean an attempt to save money from student life and then use the money for the later part of student life. Basically, how many people can actually take these challenges, if very high, ten out of 100 people will succeed. Anyway I mean if you have quit smoking then good and if you haven't then try to quit now keep saving money. Find small sources of income from which you can pool money and invest in Bitcoin, the time is not yet over.

TheUltraElite

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Unfortunately addictions are things that stick close to your life with the addict having less and less power to control it. Nicotine is highly addictive and giving it up means horrible withdrawal symptoms that the person has to deal with during the process of deaddiction.

Indeed, I have been lucky enough to not smoke or drink and been able to use that money "saved" to invest. But these addictions will continue in future as people are wooed by so called "e-cigarettes" and so on as the companies dont want to go down making these shit.

The only way is to make people aware, smoking does not make you cool, it kills you and your family by causing cancer. But nobody really cares about what we preach.

moneystery

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if we calculate how much money is burned by smokers, maybe it will reach hundreds or thousands of dollars in a year. but we are just a third party who can only calculate how much money is spent by others, but what about us? what about the money we spend on gambling or on snacks or other things? because if we calculate it, maybe it will be equivalent to the money spent by a smoker and can we invest in bitcoin? because it is very easy to judge others compared to doing it ourselves. no need to say that smokers should quit smoking to invest in bitcoin, just do it yourself, because you will only waste your time when you lecture others.

Topic: Don't you think you should invest in Bitcoin instead of burning your money in fire - page 5. (Read 835 times)