Just Another Good Source Of Motivation For You ... - page 3.

xSkylarx

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Quote from: mvdheuvel1983 on July 30, 2023, 06:28:35 AM

Quote from: microsurfer on July 30, 2023, 02:42:02 AM

This analogy is relevant for people in 1st world countries. Rest of the world don't spend so much on food

True that...the rest of the world like you say have people who live on less than a dollar per day. Eating for this people is a luxury. We get it but this doesn't mean that people in these countries don't have their own form of guilty pleasure which they engage in once in awhile despite their harsh economic conditions. Also wanted to point out that with the Dollar cost averaging method of Bitcoin investment they can invest less than a dollar weekly, monthly or whatever period of time works for them. Where there is a will, there is a way.

For sure, in your entire life, you've already spent this amount in life. Why why still going to be a hater on this? I think it is better to think of positive things about it. I know and I can relate to the fact that all of us can't spend those amounts, even myself. I haven't spent a total of $100 in my entire life, but the context is that you've spent, let's say, $25 on a dinner, but that is worth like $100 because it's too huge for you. Numbers are irrelevant, but the context of them As you end your sentence, when there is a will, there is a way. Just imagine you've spent 1 bottle of alcoholic drink that you've just pissed off, but you've been regerting investing a dollar in bitcoin.

Lorence.xD

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Quote from: microsurfer on July 30, 2023, 02:42:02 AM

This analogy is relevant for people in 1st world countries. Rest of the world don't spend so much on food

Nah I think it's still applicable to some countries not only in the 1st world countries. I'm in middle class living in the PH, and based on my experience there's still people would spend a lot of money for foods just to prove that they could afford it, despite the financial status. Yeah of course they would post it in social media to show that "We and my family ate in this expensive restaurant", of course I know that person is not that financially stable since he's asking to borrow some money for me sometimes. I think the problem here is the comparison to others or they don't like to be judged that they couldn't afford such expensive restaurant. Maybe occasionally is fine but bruh spending all of your money to cafe, fastfood and restaurant usually would make you broke.

mvdheuvel1983

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Quote from: microsurfer on July 30, 2023, 02:42:02 AM

This analogy is relevant for people in 1st world countries. Rest of the world don't spend so much on food

True that...the rest of the world like you say have people who live on less than a dollar per day. Eating for this people is a luxury. We get it but this doesn't mean that people in these countries don't have their own form of guilty pleasure which they engage in once in awhile despite their harsh economic conditions. Also wanted to point out that with the Dollar cost averaging method of Bitcoin investment they can invest less than a dollar weekly, monthly or whatever period of time works for them. Where there is a will, there is a way.

microsurfer

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This analogy is relevant for people in 1st world countries. Rest of the world don't spend so much on food

Blitzboy

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Quote from: GigaBit on July 29, 2023, 05:04:04 PM

Quote from: Fivestar4everMVP on July 26, 2023, 01:32:25 PM

If you are still trying to find a good reason to buy some bitcoin, Well, over the night, I was watching some crypto related videos on YouTube, and while going through the comment section, I found this comment which really made a lot of sense to me, and I thought to share it here..

The dude, who ever he is said, "if he can spend a $100 to $200 dollars daily on food and drink, and wake up the next day to piss and shit it out without bothering whether there be profit or not, then not a bad idea to spend some of that money buying an asset that has the potentials of earning you some profit, no matter how small".

Some spend more than that. If someone tries to put a small amount of money from such expenses into bitcoins, I would say that he can turn his expenses into a big asset at some point. All that is required here is to raise a little awareness. If he puts in much less than $100 or $200 a day on a daily basis, I think he's a good investor for holding Bitcoin. What seems trivial to me today may not be tomorrow, especially in the case of Bitcoin holdings. Those who have more money have the opportunity to profit more from Bitcoin. But many fail to utilize this opportunity.

Saving by spending, as it were. I can already see the skeptics rolling their eyes at the thought. But let's entertain this for a moment, shall we? Suppose, hypothetically, instead of buying that overpriced cup of artisan coffee, one decides to invest the money in Bitcoin instead. Boom! Instantly, an expense turns into a potential asset.

Yes, it's not as refreshing or tasty as that morning brew, but I dare say it has a certain intoxicating allure to it. You never know, that meager amount today could turn into a golden goose in the future. And in the end, isn't it all about delayed gratification? Suffer now, profit later? Not a bad strategy, if you ask me!

Silberman

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Quote from: Fivestar4everMVP on July 26, 2023, 01:32:25 PM

If you are still trying to find a good reason to buy some bitcoin, Well, over the night, I was watching some crypto related videos on YouTube, and while going through the comment section, I found this comment which really made a lot of sense to me, and I thought to share it here..

The dude, who ever he is said, "if he can spend a $100 to $200 dollars daily on food and drink, and wake up the next day to piss and shit it out without bothering whether there be profit or not, then not a bad idea to spend some of that money buying an asset that has the potentials of earning you some profit, no matter how small".

Sure nothing special about this statement, but I just find the analogy interesting, maybe its because this is something we do everyday and have come to terms with it as the basics of life and existence, many of us tend to easily without looking back, spend good amount of money on things that add very little to no profit or value on our financial lives, like eating out in an expensive hotel or restaurant, but when it comes to spending on that one thing that has the potential to add some positive figures into our finances, we begin to do a lot of calculating and analyzing Grin

, is this not us indirectly cheating ourselves?

This is a nice observation, people have become consumers and most of the time they do not think too much about the money they spend to try to get the experiences that they crave, however it is precisely in those instances in which people should really think if what they are getting for their money is actually worth it, as most of the time this is not the case, and by having such a lax posture regarding their expenses this causes them to have very little savings, which they could later be used to invest in assets with a high probability of turning profitable during the next years.

GigaBit

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Quote from: Fivestar4everMVP on July 26, 2023, 01:32:25 PM

If you are still trying to find a good reason to buy some bitcoin, Well, over the night, I was watching some crypto related videos on YouTube, and while going through the comment section, I found this comment which really made a lot of sense to me, and I thought to share it here..

The dude, who ever he is said, "if he can spend a $100 to $200 dollars daily on food and drink, and wake up the next day to piss and shit it out without bothering whether there be profit or not, then not a bad idea to spend some of that money buying an asset that has the potentials of earning you some profit, no matter how small".

Some spend more than that. If someone tries to put a small amount of money from such expenses into bitcoins, I would say that he can turn his expenses into a big asset at some point. All that is required here is to raise a little awareness. If he puts in much less than $100 or $200 a day on a daily basis, I think he's a good investor for holding Bitcoin. What seems trivial to me today may not be tomorrow, especially in the case of Bitcoin holdings. Those who have more money have the opportunity to profit more from Bitcoin. But many fail to utilize this opportunity.

Alpha Marine

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It's interesting when you look at it from this angle. Most times people feel that a certain amount of money is too small to invest with. This may be true in most investment, but not Bitcoin. Just saving your money in Bitcoin is an investment.
Saving money in any other fiat currency is just savings, because in three years time, you'll still have just the amount of money invested with lower value due to inflation, but with Bitcoin, your savings may have increased by a certain percentage. And even if it does not increase, all you have to do is leave it for more time and it will increase

tjtonmoy

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This is interesting. This proves how ignorant we are. Everything is in front of us and yet we ignore it or don't pay enough attention to see it. People are buying this and that and saving up to buy it in many cases. What they do is, they buy it immediately after they have saved enough for it. For me, the concept is different. When I am able to buy two of that same thing, then I will buy one. I will save until I am capable of buying two.
To do that, what's the best way besides investing? This is why we should always keep in mind what we use every day and what it costs, if we can manage to bring the cost down and save some from it, we can invest it later.

There are so many small things that we can do in order to save some money. But we choose to ignore it.

TheGhostMan

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Like many here, that comment caught my attention because it is true... but one factor that we do not take into account is that, not everyone has the financial means to invest in cryptocurrencies, especially if the person has difficulties to cover their most basic expenses, such as food and services, because not everyone has the joy of spending $100 or $200 on food. With that in mind due to those kinds of financial constraints, it would be a challenge to get into the world of investing with BTC. unlike those who have a solid financial footing and can afford to put more money into investments. Since There is the possibility of obtaining considerable profits in the future, although the profits may vary.
In my opinion, I think it is of the utmost importance to carefully assess the financial situation we currently find ourselves in before entering the world of BTC or cryptocurrencies in general. If our resources are limited, it might be wiser to look for additional income streams that allow us to save enough money to invest in the market while taking into account our risk tolerance, among other important factors.

lizarder

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Quote from: Fivestar4everMVP on July 26, 2023, 01:32:25 PM

If you are still trying to find a good reason to buy some bitcoin, Well, over the night, I was watching some crypto related videos on YouTube, and while going through the comment section, I found this comment which really made a lot of sense to me, and I thought to share it here..

The dude, who ever he is said, "if he can spend a $100 to $200 dollars daily on food and drink, and wake up the next day to piss and shit it out without bothering whether there be profit or not, then not a bad idea to spend some of that money buying an asset that has the potentials of earning you some profit, no matter how small".

That's the case for people who have stable financial resources and the only other reason why investing in bitcoins is so much more profitable is for reasons of volatility, regardless of how much risk the volatility itself carries. At one level people will begin to understand why investing in bitcoin is the right choice, although buying certain assets and properties is also an important part to try, there are many reasons why bitcoin is a much better priority.

It is a lifestyle for people who have big opinions and when their life is used to this pattern it will be difficult for them to get rid of the habit. People like this never think about how much money they always spend and maybe it's because the income they earn is large that the expenses incurred are not really taken into account and are never felt for them.

kryptqnick

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If someone can afford $100-200 daily on food and beverages, it's certainly better to put the money into Bitcoin instead. It can bring profit, as well as be a positive health influence because that kind of money on food and drinks isn't likely to be healthy. But I'm not sure how many people can relate to that, to be honest, as it can easily be 10, 20, 30 times more than many of us spend on food per day.
But occasionally eating out at a nice restaurant, especially if it's with the people close to you, is IMO better than putting away everything to invest in Bitcoin because pleasurable experiences are worth having once in a while.

Mauser

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Quote from: Fivestar4everMVP on July 26, 2023, 01:32:25 PM

Sure nothing special about this statement, but I just find the analogy interesting, maybe its because this is something we do everyday and have come to terms with it as the basics of life and existence, many of us tend to easily without looking back, spend good amount of money on things that add very little to no profit or value on our financial lives, like eating out in an expensive hotel or restaurant, but when it comes to spending on that one thing that has the potential to add some positive figures into our finances, we begin to do a lot of calculating and analyzing Grin

, is this not us indirectly cheating ourselves?

Spending 200 USD per day on food seems crazy to me, if you do this 2 times per week it would be 1600 USD. On top of that comes all your normal food that you eat the rest of the month. Maybe I just have a bad job, but spending 2k per month on food and drinks seems really high. In case you make 10k a month then you can clearly afford it, but he must be a lucky guy. Eating out in a fancy restaurant is luxury that only happens a few times a year for me on birthdays. I couldn't even afford it if I wanted to do it more regularly. Cutting back on those luxury items and invest the money instead seems like a good choice that I would recommend anybody. Also eating at such expensive places regularly, doesn't it make it less appealing? Getting used to caviar and champagne is not a good idea, better to stick to a well cooked home meal.

alastantiger

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Quote from: Fivestar4everMVP on July 26, 2023, 01:32:25 PM

Sure nothing special about this statement, but I just find the analogy interesting, maybe its because this is something we do everyday and have come to terms with it as the basics of life and existence, many of us tend to easily without looking back, spend good amount of money on things that add very little to no profit or value on our financial lives, like eating out in an expensive hotel or restaurant, but when it comes to spending on that one thing that has the potential to add some positive figures into our finances, we begin to do a lot of calculating and analyzing Grin

, is this not us indirectly cheating ourselves?

As hilarious as this sounds, I like the logic behind it. It is letting the procrastinators or know that they have no excuse for not investing in Bitcoin or something making an investment in something that would drastically turn their lives around. This same logic can be applied to learning a skill and increasing your earning potential. For instance instead of spending 2 hours with the boys, that 2 hours can be spent on learning cryptocurrency trading or Blockchain development. Simply put, no excuses for not making one's life better as there's always something we can do improve on our conditions and earnings.

Negotiation

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Pandemic has taught many lessons to every person who has gone through the most difficult time of life. Hence our conscious approach to finances means clear planning of purchases and avoidance of hasty spending. Only the minimum cost includes products that need to be implemented at extremely low prices by doing this it is possible to save a little for the future. To increase the saving rate income must increase or expenditure must decrease if expenditure is greater than income saving is not possible. And if someone can do both even better the spending areas should be specified if one can specify the spending areas, then it becomes easier for him to take control of the money.

tbct_mt2

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Quote from: hugeblack on July 28, 2023, 10:14:37 AM

I agree with you in principle, but it is difficult to find individuals who have the luxury of saving 100 to 200 dollars for several years and then waiting for several years to achieve wealth. Most people do not have enough money for food and drink expenditures.
The solution can be to try to reduce it to a minimum and then try to have a surplus, but this requires severe discipline, as human nature loves spending a lot.

Life is not always rosy and we must have savings as our plan B when we lose our jobs or our salary drops or for emergency. Using all money we receive each month is risky for our future because when emergencies come, we have no savings to deal with such.

It is more popular in GenZ as I read many articles on newspaper that they use all money because they see it as how they enjoy their lives. They follow YOLO, You Only Live Once, buy luxuries, traveling and don't care about future.

Quote

This is if we ignore problems such as unemployment, high taxes, customs duties, inflation, exchange rate problems, insurance, etc.

The pandemic gives them lot of warnings because many people lost jobs during pandemic and after that. I believe many people did not imagine such terrible things will come to their life.

demonica

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If you really have the right mindset, it doesn't matter how big or small the amount of money you invested in Bitcoin because you'd still make some profit from it. And I agree on what he said. We sometimes get scared of risking our money on investments, but why do we have to be scared to lose an amount of money that we don't even doubt spending on expensive random or unnecessary stuff that we buy on our daily basis. If we can afford to lose some funds on things with no return, why would we be scared of losing money on something where we can expect a gain?

Well I guess, it's just that others don't have the rich mindset or doesn't really think of spending in a smart way.

Hypnosis00

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That was a sort of encouraging us people to spend money wisely rather than spending it on useless stuff that gives us nothing. Even though we have enough money to buy luxury things and eat in expensive restaurants, still we think that this can't be forever and we need to prepare for the future as well and most especially, as inflation continues. Savings is very important even we are rich because not all are within our control and the situation educates us how to be mindful on our spending habits.

avp2306

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Quote from: Fivestar4everMVP on July 26, 2023, 01:32:25 PM

If you are still trying to find a good reason to buy some bitcoin, Well, over the night, I was watching some crypto related videos on YouTube, and while going through the comment section, I found this comment which really made a lot of sense to me, and I thought to share it here..

I think this is applicable when bitcoin is so early since by now that amount will became a lot of money even if you buy 1 bitcoin when this is at early phase. But now er can still able to buy it but not the whole one since its expensive especially for people who earn low and for sure the only amount they can afford is less. But who knows even if they bought 0.001 maybe this figure will be lift since bitcoin supply is limited and we don't know what will happen to it in future.

Blitzboy

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The constant tug-of-war between having fun and making money. On one side, the smell of a juicy steak is enticing. On the other hand, there is Bitcoin's cold, hard promise.

We people are strange, wouldn't you say? We're happy to spend money on a one-time meal, but we're not so sure about things that could help us get ahead financially. You know, because "risky" Bitcoin is. Like when it fell... and got back up. Then it fell... and got back up

If you are ready to bet on a meal that will be gone by tomorrow, why not bet on Bitcoin? It doesn't always go up, but every time it falls, it always goes back up. Now, if only my diet worked as well as that one...

Topic: Just Another Good Source Of Motivation For You ... - page 3. (Read 649 times)