Topic: I think the concept of saving has been lost with this generation. - page 2. (Read 2798 times)
February 22, 2013, 07:01:14 AM
Yes, while it's fine looking forward, some people may be happy living in the present and don't think that money is the answer to everything. Also, you may some day die before old age, so if you never enjoyed life to save for when getting old, you've lost out on a lot. Perhaps a golden middle way is the way to go.
February 22, 2013, 06:09:23 AM
I've always had trouble saving, but that has more to do with being generous than instant gratification.
The last decade though I've been forcing myself to save at least 50% of what i earn (if i can). Though disasters strike of course and demolish said savings more than once.
The last decade though I've been forcing myself to save at least 50% of what i earn (if i can). Though disasters strike of course and demolish said savings more than once.
February 22, 2013, 06:03:45 AM
I am 15, and I am doing a bit of trading with Bitcoins. Earning some too.
But to sum up my thought: Life is a gamble
But to sum up my thought: Life is a gamble
February 22, 2013, 04:48:36 AM
Long term saving in Bitcoin is riskier than you make it sound.
exactly. some would say holding on to bitcoin rather than selling for a real profit is the gamble.
Holding fiat money isn't a gamble, because you are guaranteed to lose and there is no upside risk. Bitcoin has the the downside risks but it also has a gigantic upside risk.
February 22, 2013, 04:33:46 AM
Long term saving in Bitcoin is riskier than you make it sound.
exactly. some would say holding on to bitcoin rather than selling for a real profit is the gamble.
February 22, 2013, 04:05:28 AM
Long term saving in Bitcoin is riskier than you make it sound.
February 22, 2013, 03:20:17 AM
The 'instant gratification' thing, is it true that all people seek it, or is it a picture that we get through the media, and that's more visible than other values ? Has not the young always been impatient without thought for the future ? 
The 'long term' saving stuff, doesn't that come with maturity and age ?
The 'long term' saving stuff, doesn't that come with maturity and age ?
February 22, 2013, 02:52:18 AM
I hear people using terms like hoarding, trading, investing etc. Bulls and Bears argue about who predicted the latest rally or trap. A recent thread boasted about selling Bitcoins to buy a new car. I mentioned that I would have financed the vehicle with a low interest rate over years because Bitcoin's ROI outperforms everything. Somehow, I just think that there is a generation that wants everything now and doesn't really think long term.
I see exchanges making microtrades and casinos making microgambles all for microgains. There seems to be an obsession with wanting immediate results. People talk about getting in and out of the market and make ridiculous charts that are supposed to predict when to time these decisions. Here's the thing: Bitcoin doesn't care about any of that.
Bitcoin is designed to grow in value (deflate) as it grows in popularity and usage. The best thing to do with it is save it until you need to spend it. It's about taking responsibility for your actions and having a reliable place to save the money rewarded for your hard work. So lets stop using stock market investment terms and focus on the social benefits and the good Bitcoin does for responsible hard working people. At least I will.
I see exchanges making microtrades and casinos making microgambles all for microgains. There seems to be an obsession with wanting immediate results. People talk about getting in and out of the market and make ridiculous charts that are supposed to predict when to time these decisions. Here's the thing: Bitcoin doesn't care about any of that.
Bitcoin is designed to grow in value (deflate) as it grows in popularity and usage. The best thing to do with it is save it until you need to spend it. It's about taking responsibility for your actions and having a reliable place to save the money rewarded for your hard work. So lets stop using stock market investment terms and focus on the social benefits and the good Bitcoin does for responsible hard working people. At least I will.
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