Topic: Just Another Good Source Of Motivation For You ... - page 5. (Read 723 times)
Because we never think about the future but rather choose to enjoy our life today and spend money as much as we can. Well, rich people can do that because they already have financial freedom and it was okay. But for those who are not, the idea of spending more on things that give back nothing like just spending on fancy things was a huge mistake. It was very unfortunate but can't force people to rethink their wrongdoings because what it is in their mind is that they only live once, - and they just wanted to enjoy and reward themselves for working hard even if it drains their savings.
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It’s certain that when people enter any investment, there will always be doubts and hesitations before one can finally realize that investing is the best option. However, not all have the same mindset when it comes to bitcoin investing, that’s why a lot would not dare to spend on bitcoin but spend a lot of money on eating at expensive restaurants. Even myself I was like that before, and I think treating yourself somehow is not that bad at all.People can save money - but not all of them will invest it in highly volatile assets like bitcoin. This advice is good for anyone who is prepared for the consequences of risk with bitcoin - that includes its price volatility as well as the security of your storage wallet. Spending $100 to $200 in one day to eat is bad - I think it's wasted money, even if you're a tycoon.
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Many long-term bitcoin holders focus on securing as much as they can and saving for 10 years and more. You can hear some of the interviews with these people on youtube channels, especially the ones that promote self -custody and holding like Swan Bitcoin. What it comes down to, these people aren't interested in this cycle and the profits it might bring. They're interested in a cycle that comes 8 years from now, or 12 years... It's amazing that we're witnessing the rise of a new group of investors. Essentially gold bugs in the cyber realm, who know how important this technology is for our freedom and independence.
$100 to $200 is what my family and I spend in a month to eat needed, that's too much to spend in a day. But the investment idea based on thrift is a good one, even if they can only save $10 a week by not spending it on things they don't really need.
The concept is quite impressive. Imagine if you had embraced this idea a decade ago and held onto your investments without selling. By now, you would likely be one of the wealthiest individuals in the world. This thought experiment is something I occasionally indulge in.
For instance, today someone paid me $1000 worth of ETH, which is more than 0.5 ETH. To capitalize on the opportunity, I decided to purchase an additional 1.5 ETH, bringing my total holdings to 2 ETH. Without any intention of engaging in short-term trading, I securely transferred the purchased ETH to my Ledger wallet. The same strategy could be applied to Bitcoin as well.
The idea is to hold onto these assets with a long-term perspective, potentially reaping significant benefits over time due to their appreciation in value. It's fascinating to ponder how such a simple yet powerful strategy could lead to substantial wealth accumulation.
For instance, today someone paid me $1000 worth of ETH, which is more than 0.5 ETH. To capitalize on the opportunity, I decided to purchase an additional 1.5 ETH, bringing my total holdings to 2 ETH. Without any intention of engaging in short-term trading, I securely transferred the purchased ETH to my Ledger wallet. The same strategy could be applied to Bitcoin as well.
The idea is to hold onto these assets with a long-term perspective, potentially reaping significant benefits over time due to their appreciation in value. It's fascinating to ponder how such a simple yet powerful strategy could lead to substantial wealth accumulation.
Many long-term bitcoin holders focus on securing as much as they can and saving for 10 years and more. You can hear some of the interviews with these people on youtube channels, especially the ones that promote self -custody and holding like Swan Bitcoin. What it comes down to, these people aren't interested in this cycle and the profits it might bring. They're interested in a cycle that comes 8 years from now, or 12 years... It's amazing that we're witnessing the rise of a new group of investors. Essentially gold bugs in the cyber realm, who know how important this technology is for our freedom and independence.
Due to my own experience with this line of thinking, I can relate to this better. I've learned to live a less extravagant lifestyle ever since I learned what the future of my Bitcoin investment holds. I am more frugal with my money and have been thoughtful in my life's financial transactions. No matter how little money I have, my goal is always to invest more in bitcoin rather than filling my stomach with food that won't keep me full for more than a day. This is what Bitcoin can do to those who believe it holds the key to their future. They are prepared to alter their lifestyle in order to achieve their goals, even if it means investing in Bitcoin once a week or once a month.
This pretty much applies to investing in general and saving money in general. But a huge majority of people aren't really interested in investing (or worse, saving) unfortunately.
Just a heads up that eating a good pricey meal is great once in a while though. Don't deprive yourself too much of your happiness.
It’s certain that when people enter any investment, there will always be doubts and hesitations before one can finally realize that investing is the best option. However, not all have the same mindset when it comes to bitcoin investing, that’s why a lot would not dare to spend on bitcoin but spend a lot of money on eating at expensive restaurants. Even myself I was like that before, and I think treating yourself somehow is not that bad at all. Just a heads up that eating a good pricey meal is great once in a while though. Don't deprive yourself too much of your happiness.
The concept is quite impressive. Imagine if you had embraced this idea a decade ago and held onto your investments without selling. By now, you would likely be one of the wealthiest individuals in the world. This thought experiment is something I occasionally indulge in.
For instance, today someone paid me $1000 worth of ETH, which is more than 0.5 ETH. To capitalize on the opportunity, I decided to purchase an additional 1.5 ETH, bringing my total holdings to 2 ETH. Without any intention of engaging in short-term trading, I securely transferred the purchased ETH to my Ledger wallet. The same strategy could be applied to Bitcoin as well.
The idea is to hold onto these assets with a long-term perspective, potentially reaping significant benefits over time due to their appreciation in value. It's fascinating to ponder how such a simple yet powerful strategy could lead to substantial wealth accumulation.
For instance, today someone paid me $1000 worth of ETH, which is more than 0.5 ETH. To capitalize on the opportunity, I decided to purchase an additional 1.5 ETH, bringing my total holdings to 2 ETH. Without any intention of engaging in short-term trading, I securely transferred the purchased ETH to my Ledger wallet. The same strategy could be applied to Bitcoin as well.
The idea is to hold onto these assets with a long-term perspective, potentially reaping significant benefits over time due to their appreciation in value. It's fascinating to ponder how such a simple yet powerful strategy could lead to substantial wealth accumulation.
To say the least there are people that spends so much on luxuries like clothes, fancy shoes and cars, embarking on series of vacations, spends a lot at the bar on bitches but talk to them about investing in bitcoin they can come up with countless excuses as why they don't trust the digital coin.
How does it feel spending money on things that has nothing profitable not even a 0.1% of a chance of profit in contrast to putting your money into something that has the potent and capacity to yield you substantial profit hereafter.
In today's world anyone that knows how to make use of the internet and doesn't own sowm amount of bitcoin no matter how little or is still contemplating about it is taking a bigger risk to staying hungering.
How does it feel spending money on things that has nothing profitable not even a 0.1% of a chance of profit in contrast to putting your money into something that has the potent and capacity to yield you substantial profit hereafter.
In today's world anyone that knows how to make use of the internet and doesn't own sowm amount of bitcoin no matter how little or is still contemplating about it is taking a bigger risk to staying hungering.
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Just a heads up that eating a good pricey meal is great once in a while though. Don't deprive yourself too much of your happiness.
Just a heads up that eating a good pricey meal is great once in a while though. Don't deprive yourself too much of your happiness.
This makes a lot of sense. At the end of the day, we have to strike a balance in our financials. As much as our investment portfolio should be booming, we should also take time to take care of ourselves. That's what matters at the end of the day and it's the reason we even work or hustle in the first place.
This is a good motivation and I think it is really nice to realize that one can save out some cash from food and drinks just to think of the getting some bitcoin weekly or monthly depending on the income of the person not just saving to get some bitcoin but other things that will be of good profit in the future. This post reminds me of a man on YouTube who talks about how getting bitcoin everyday makes him happy regardless of what people think or say about it. I think this is the right approach and everyone who thinks about the future too should consider getting bitcoin probably every day no matter how little the amount will cost.
The motivation doesn't apply to everyone. I believed it's mostly for people who lavishly spend their earnings unnecessarily when they could have devoted most of those spare money to investment/Bitcoin.
Eating and drinking is part of the basic needs of life, and it does not mean that everyone who can afford to buy what to eat or drink can afford to buy BTC. Before one can invest in assets they must have first taken care of the most basic things in their life like food, drinks and shelter, the post in the op is not a motivation in my honest opinion. Buying BTC is a good plan, but for the people who can afford it, so i believe the post is for people who live comfortably but spend their money lavishly and have no investment.
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".
The profit in eating is nutrition for the body, so the food is not a complete waste as the person who made the comments makes it. His point is that it is important to try to get the attitude and habit of investing daily in assets as you eat and drink daily. investing little by little may not look like you are doing enough, but little gets to much with a consistent habit of gathering little. Also, we can also say that as you try to consistently invest, do not do it at the expense of food, that is you skip meals and eat less nutritious meals just because you want to invest. Good food is necessary for good health.
For me, it’s about scale of preference. The difference between wants and needs is basic economics but unfortunately it is a concept that many fail to acknowledge in their lives. People will spend money on things they consider important, for some going on dates and expensive vacations may be their priority, and bitcoin investment may not be on their list of preference, this could be because they do not have knowledge of how bitcoin works.
Indeed, there are two points we can discuss regarding the comments embedded in that picture.
Every individual eats and drinks daily, not only to fulfill basic needs but also because some do it for pleasure. This context is quite fitting when applied to a situation where investing in Bitcoin takes precedence over indulging in temporary delights of food and drinks.
I perceive the order of priority from the three contexts above as follows:
1. Eating and drinking for sustenance and nourishment.
2. Bitcoin investment.
3. Eating and drinking for leisurely enjoyment.
Moreover, investing in Bitcoin not only holds great potential for profits but also, under unfavorable circumstances, can deplete one's funds. The money that could have been spent on creating momentary happiness ends up lost due to weak investment strategies in Bitcoin.
Regardless of the perspective, I concur that Bitcoin investment should take precedence over eating, drinking, and reveling in fleeting festivities. We can celebrate and enjoy ourselves later, once we reap the benefits from Bitcoin, which deserves top priority.
Every individual eats and drinks daily, not only to fulfill basic needs but also because some do it for pleasure. This context is quite fitting when applied to a situation where investing in Bitcoin takes precedence over indulging in temporary delights of food and drinks.
I perceive the order of priority from the three contexts above as follows:
1. Eating and drinking for sustenance and nourishment.
2. Bitcoin investment.
3. Eating and drinking for leisurely enjoyment.
Moreover, investing in Bitcoin not only holds great potential for profits but also, under unfavorable circumstances, can deplete one's funds. The money that could have been spent on creating momentary happiness ends up lost due to weak investment strategies in Bitcoin.
Regardless of the perspective, I concur that Bitcoin investment should take precedence over eating, drinking, and reveling in fleeting festivities. We can celebrate and enjoy ourselves later, once we reap the benefits from Bitcoin, which deserves top priority.
The transaction volume limitation on Bitcoin heavily limits its long-term positive potential. The average global salary is something like $7,000 USD per year, and so a 20% savings rate would be $3.84 per day.
I keep telling people that it doesn't really matter how much bitcoin you have, but at this point having no bitcoin is plain stupid.
You know it has potential and a disruptive technology that is changing world finance as we speak. Because of bitcoin governments are spending money on developing CBDCs because they know how important it is to counter the trend of private cashless and global payments. Their only idea is to make a system that offers global cashless payments that aren't private, but endorsed by them and with higher acceptance rate.
You know it's safe to buy and that it's not a scam, so why not have some of it? Just skip one beer a day, stop smoking, walk or take a bicycle to work instead of driving there, at least once a week. Maybe stop buying unhealthy snacks, or sweet drinks. Do yourself a favor and spend that money on bitcoin, even if it means saving $10 a week. By next halving you're going to have some bits saved up.
You know it has potential and a disruptive technology that is changing world finance as we speak. Because of bitcoin governments are spending money on developing CBDCs because they know how important it is to counter the trend of private cashless and global payments. Their only idea is to make a system that offers global cashless payments that aren't private, but endorsed by them and with higher acceptance rate.
You know it's safe to buy and that it's not a scam, so why not have some of it? Just skip one beer a day, stop smoking, walk or take a bicycle to work instead of driving there, at least once a week. Maybe stop buying unhealthy snacks, or sweet drinks. Do yourself a favor and spend that money on bitcoin, even if it means saving $10 a week. By next halving you're going to have some bits saved up.
I agree with you, some know that Bitcoin has made some people millionaires yet they don't do anything to be able to invest in it or when they do they start shaking their heads and saying they don't understand anything and don't know how to do it. It's absurd because it's not true that they don't understand but the truth is that they don't want to understand.
Sometimes I need motivation. I live in a small town where Bitcoin is not very wide spread and sometimes I would also wish to find sources of motivation to keep working in small projects I like to start, but then, I end up giving up on them because new things came up! That shoul be solved with some motivation, for sure!
not just buying bitcoin it is motivating for doing any investment. I am gonna save it and read it everyday.
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".
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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".
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Enjoying food and drinks is a whole different concept than making an investment. You shouldn't limit your entertainment too much just to make investments imo. It is always OK to save money to buy bitcoin but living like a plant will harm you mentally in the long run. I would never advise this to any of my friends. If you are not going to enjoy a good meal and some drinks every once in a while, I can't call that "living". It is more like being a slave to me and I can't live like that. Nobody should because we are all people. Obviously that doesn't mean that we should spend all of our monthly income on booze. I don't mean that. There should be a balance.
This is just human nature, and there is literally little to nothing that can be done about it unless one changes his own mindset. At some point, investment decisions should also be added to one's list of needs and not wants, as they are also important parts of one's life.
People are just fine. It is very easy to spend money on their wants and pleasures without giving it a second thought, with the belief that those things are contributing to their happiness, which gives them a rest of mind that can equally guarantee their health and safety. When it comes to investments, you and I (Op) know that those are not easy decisions to make. The guy on YouTube used the illustration based on his own financial status, so those 100–200 dollars could just be like a dollar to him. But for an average earner, he needs to consider where his money is going, the risk involved in it, if it's worth it or not, and if he is unsure of it. Sometimes it is better for them to spend it on things they think will add to their nourishment than put money on things they don't know what the outcome will be.
People are just fine. It is very easy to spend money on their wants and pleasures without giving it a second thought, with the belief that those things are contributing to their happiness, which gives them a rest of mind that can equally guarantee their health and safety. When it comes to investments, you and I (Op) know that those are not easy decisions to make. The guy on YouTube used the illustration based on his own financial status, so those 100–200 dollars could just be like a dollar to him. But for an average earner, he needs to consider where his money is going, the risk involved in it, if it's worth it or not, and if he is unsure of it. Sometimes it is better for them to spend it on things they think will add to their nourishment than put money on things they don't know what the outcome will be.
TBH, not everyone in this world can afford that much in a day because then, he'd need at least $3k-$6k a month just for the sake of food and drinks and rest expense isn't calculated. And it's literally not possible for anyone to earn that much a month because if you can, I don't think you need an extra source of income because you're already living a luxurious life as you can definitely visit countries if you earn that much a day or a month whichever relates.
However, the example is nice but he tried to set the tempo high of his comment, but I'd definitely say that it's actually motivating for those who spend a lot behind food and especially beverages (my dear heavy drinkers, yes I'm talking about you people)
However, the example is nice but he tried to set the tempo high of his comment, but I'd definitely say that it's actually motivating for those who spend a lot behind food and especially beverages (my dear heavy drinkers, yes I'm talking about you people)
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