Topic: Living with parents again could fuel the next Bitcoin bull run. - page 2. (Read 818 times)
Kids today expect not just inheritance from their parents but wants them taken care of for the rest of thier lives. And parents also likes it because they cansee thier kids and monitor thier grand chikldren like its theirs. But its just not helping the new generation to be independent. The family ties of some culture though are always like this especially in Asian countries.
If you're able to invest in stocks/crypto/whatever, you probably should be paying rent or a mortgage and not mooching off your parents (assuming you're an adult). Your parents might love you to death, but even if they don't say so they probably don't want you living with them for free if you've got an income.
Things are getting very weird now that we increasingly live in a society where younger generations (millennials and younger) can't expect to buy/own their own homes.
I expect only more of this in the future.
I don't know, maybe that sort of situation works for some families but I certainly would not want to live with my parents again--and certainly not without contributing anything to the household.
Yep, I left at 18 and never went back. I buy things for my parents now, I would never mooch off them. As a millennial, it's really weird to see this ethic is dying out. Younger people seem to be becoming less self-sufficient as time goes on. I personally know a bunch of people from my younger days who I don't think can 100% support themselves.
Parenting culture is partly to blame. My parents were hard asses. They emphasized the necessity of hard work and there were no handouts. And that's simply how it was in older generations too. I notice that (at least in the western world) parents these days really coddle their children, showering them with support and giving them everything they want. No wonder they can't take care of themselves as adults.
Let's say you'll find an online job, then you're able to save or invest in stocks or crypto, but aren't you ashamed with your parents living under their roof again "for free?".
If you're able to invest in stocks/crypto/whatever, you probably should be paying rent or a mortgage and not mooching off your parents (assuming you're an adult). Your parents might love you to death, but even if they don't say so they probably don't want you living with them for free if you've got an income.It is weird to living with parent without contributing as an adult and this is something I have rarely seen, at least from where I come. I mean the parents also want their adult children to be independent.
Yeah, you have to be able to leave the nest at some point. I don't know, maybe that sort of situation works for some families but I certainly would not want to live with my parents again--and certainly not without contributing anything to the household. So many people moved out of expensive cities like New York City went from paying $3,000/month to living at home with parents for free. And they work from home now, so they are saving money on transportation too.
That's great for them but probably not for their parents. Also, paying that much for rent is absurd to me unless you've got a very good income. And if you can work from home, that means you don't have to live in such an expensive city like NYC. You presumably could find a cheap apartment and not have to resort to moving back home with your folks. 
Don't think it's possible. Living with parents does it mean, you won't be spending much again. You expect them to be catering for you, while you save up money for crypto investment. It doesn't make any sense.
Living with parents will hinder you from doing things you normally do before when you were living alone, things like clubbing, flirting and private lifestyle.
Living with parents will hinder you from doing things you normally do before when you were living alone, things like clubbing, flirting and private lifestyle.
I've been thinking about this though just for myself.
I've been saving a lot and its been sometime not having any booze and Im getting used to it. The money Im spending with liabilities are now lessen and I also putting some to assets and stocks that dropped this pandemic. This might be good but I am also thinking of donating to some people whose having a hard time in a way like giving masks and alcohol.
There are definitely people like you that are doing this and there is nothing wrong with that, the issue is that the OP seems to think that enough people are going to do this in order to fuel a massive bull run and I do not see this as a possible outcome, because even if those people saved that money what about all the other people that are now seeing their income reduced and now they have to go and live with their parents but with no money? I've been saving a lot and its been sometime not having any booze and Im getting used to it. The money Im spending with liabilities are now lessen and I also putting some to assets and stocks that dropped this pandemic. This might be good but I am also thinking of donating to some people whose having a hard time in a way like giving masks and alcohol.
Institutions are not really liked but the investments they make into crypto is totally liked and loved. There is nothing wrong with an investment bank getting into crypto, they are not doing anything wrong with that, what we do not like about them is not that fundamental, it is just regulations, if there was more strict regulations and there was no bail outs, just those two would make their companies totally awesome and I would support all of them and many more people would do.
But, they just do insanely risky stuff without a care in the world, they leverage the hell out of it and at the end of the day they end up losing money and almost bankrupting and they get bailed out by the governments (because if not, a lot of people loses all their money too), prevent those type of things and crypto investment is totally fine to us.
But, they just do insanely risky stuff without a care in the world, they leverage the hell out of it and at the end of the day they end up losing money and almost bankrupting and they get bailed out by the governments (because if not, a lot of people loses all their money too), prevent those type of things and crypto investment is totally fine to us.
Living with parents = saving minimum of $1000+ per month just from rent. So many people moved out of expensive cities like New York City went from paying $3,000/month to living at home with parents for free.
There is a luck factor & there is a loss factor, if you live with your parents.Luck & saving factor.
• If you have a permanent job that pays your salary monthly, it might be possible for you to live with parents.
Meaning: half of your salary can be for saving / investing in crypto, and the other half can help the needs of your parents.
loss factor.
• if you don't have a job / unemployment, it can be a disaster for your family.
Only: Tampa works, is not independent, lazy, sleeps and eats, all costs are borne by parents, it cannot save money, and helps parents.
However, if you belong to the group "luck" it could be what you say manifested, but conversely if you are classified as "loss" you should be independent and find work in the city, do not burden the parents.
Living with parents = saving minimum of $1000+ per month just from rent. So many people moved out of expensive cities like New York City went from paying $3,000/month to living at home with parents for free. And they work from home now, so they are saving money on transportation too. Vacations are cancled, ect. They aint spending money on shit, just saving saving saving. But the gov is printing and fear of that savings being erroded is high. Panic buying incoming 
What about apartment owners that ended up without money that they usually get for rent? How can they buy bitcoin now. Someone else will have to buy their usually share since they ended up with only costs and might even have to sell their stacked Bitcoins to pay those costs.
It still depend on the number on the stat how did you come out or landed on something like this, I prefer institution investing or paypal integrating Cryptocurrency than this kind of story which is only speculative and not really applicable to many regions or industry.
I know it's not a popular opinion in the crypto space but I also prefer investing with institutions or some form of fiat protection. I know Defi is wonderful sounding but it's just all too much of a hype bubble for me, and the coding isn't even really good as we could see in March when MakerDAO crashed and liquidated a lot of people. Far too risky for me.
I've seen so many far-fetched theories like this one, that some group of people will send Bitcoin to the moon because of their circumstances, but it never happened on practice. Whenever we had a bull run, it was always just good old speculation, perhaps tied to halvening and nothing more.
It still depend on the number on the stat how did you come out or landed on something like this, I prefer institution investing or paypal integrating Cryptocurrency than this kind of story which is only speculative and not really applicable to many regions or industry.
For young people, this is really a very good option to save money, through rent and food, when you live with your parents, But not all parents can feed adult children for old age. in addition, a large number of young people very early acquired their offspring, while a lot of people try to pay attention to cryptocurrency, which does not always benefit the family. But if we talk about students, then it is the Student time that is the best for using this option for the accumulation of funds and savings, as well as for profitable investments in your future with the help of cryptocurrency.
This things depends on financial capacity but not totally good to pursue by those young boys around since they need to work for theirselves in order to survive, Being dependent to parents make us worse since we don't know on what will happen in future together with bitcoin since even if we can less the expenses from any bills we cannot assure if we can contribute on anything regardless on bitcoin since everyone have different capacity to each other and if people will not match on every ones target then we will struggle those fueling things up.
I dont know what kind of mindset on op had on where he do make it as an example for people who do live with parents would be the one to fuel the next bull without even thinking on how much money
or funds do needed on even moving the price of 1-2% in an instant.This doesnt only talk about small amounts and if we do base up into these scenario then we can say that it is totally irrelevant.
I feel like any kind of saving doesn't directly mean that bitcoin will be boosted, even though the world is actually doing worse economically all the time because of bad economical regulations, let's assume that it gets better. Let's say that every human on the earth is so rich that even the poorest person is rich enough to put some money aside every month even if not a lot.
Even in that majorly impossible case, people wouldn't really all go to bitcoin, only a portion of us will do it, which means bitcoin is not really the first thing people think of when they are doing savings. Hence I believe this situation even if true doesn't reflect too much to bitcoin, that is why I believe there is really no reason to get hyped about the potential of bitcoin because of this situation.
Even in that majorly impossible case, people wouldn't really all go to bitcoin, only a portion of us will do it, which means bitcoin is not really the first thing people think of when they are doing savings. Hence I believe this situation even if true doesn't reflect too much to bitcoin, that is why I believe there is really no reason to get hyped about the potential of bitcoin because of this situation.
The stimulus that will be issued is stalled and most likely it will not happen. I don't quite understand when a government spends a lot of money or prints a lot of money in the current situation and leaves a lot of unemployment to increase. As STT said it is a good situation rather than we get money but we can't do anything with that. Because buying bitcoin and hold it at the current situation is not good idea. You may lose your money and what will you do if that happen? Ask to your parent? They will also need it for sure.
All you posted are just the positive aspects, but look at the big picture now, in reality the unemployment has increased and it's not only happening in USA, it's around the world and we know that bull run needs a coordination worldwide to move the price.. it' ain't happening man.
But what he says are not only in US but also worldwide,the target market are those working online and saved their expenses outside since they choose now to live with their parents.Maybe what people should do now is just to save for a possible worst case scenario in the future as what is happening now has a long term effect (negative) to our economy.
Poeple should do now are to invest in crypto as long as they have spare amount because this is the only way that this market will boom again and wont fall hard like what last March 12 happen. I think its already happening with the stock market.
Living with parents = saving minimum of $1000+ per month just from rent. So many people moved out of expensive cities like New York City went from paying $3,000/month to living at home with parents for free. And they work from home now, so they are saving money on transportation too. Vacations are cancled, ect. They aint spending money on shit, just saving saving saving. But the gov is printing and fear of that savings being erroded is high. Panic buying incoming
https://www.youtube.com/watch?v=KvfgSo65jvE
Living with parents = saving minimum of $1000+ per month just from rent. So many people moved out of expensive cities like New York City went from paying $3,000/month to living at home with parents for free. And they work from home now, so they are saving money on transportation too. Vacations are cancled, ect. They aint spending money on shit, just saving saving saving. But the gov is printing and fear of that savings being erroded is high. Panic buying incoming
https://www.youtube.com/watch?v=KvfgSo65jvE
Where did you get that idea is there a survey on that or a poll, is it because the economy is crumbling on that side of the Earth that you can apply it everywhere, people here in our region are not saving because there is nothing here to save, there are working from home but not enough to make a saving so I don't think your post is more general.
I think its already happening with the stock market.
Living with parents = saving minimum of $1000+ per month just from rent. So many people moved out of expensive cities like New York City went from paying $3,000/month to living at home with parents for free. And they work from home now, so they are saving money on transportation too. Vacations are cancled, ect. They aint spending money on shit, just saving saving saving. But the gov is printing and fear of that savings being erroded is high. Panic buying incoming
https://www.youtube.com/watch?v=KvfgSo65jvE
I don't think so mate,i have 2 cousins that are now working from home(WFH)Living with parents = saving minimum of $1000+ per month just from rent. So many people moved out of expensive cities like New York City went from paying $3,000/month to living at home with parents for free. And they work from home now, so they are saving money on transportation too. Vacations are cancled, ect. They aint spending money on shit, just saving saving saving. But the gov is printing and fear of that savings being erroded is high. Panic buying incoming
https://www.youtube.com/watch?v=KvfgSo65jvE
and since of the quarantine so they chose to live with my aunt(Their mother) but even how hard i am encouraging them to invest in crypto?yet nothing interest come to them this means it does not let those people that you mentioned to enter this market.
They rather choose to store their money in their banks than putting inside crypto.
All you posted are just the positive aspects, but look at the big picture now, in reality the unemployment has increased and it's not only happening in USA, it's around the world and we know that bull run needs a coordination worldwide to move the price.. it' ain't happening man.
Maybe what people should do now is just to save for a possible worst case scenario in the future as what is happening now has a long term effect (negative) to our economy.
Maybe what people should do now is just to save for a possible worst case scenario in the future as what is happening now has a long term effect (negative) to our economy.
so theres no way they will think first of investing in bitcoin, which is a high risk investment. maybe for other people who dont worry about their basic needs and just think of what they can do with their money, they will have the luxury to invest their money in bitcoin. but i guess not a lot of people have that option. i dont think those people will have the impact in the bitcoin market
Investing is a choice, but if you know you are not secured financially, you wouldn't want to risk your money as you know know it's possible that there will be more financial trouble in the future, and that is because our economy will struggle and you know what would be the result if that will happen.
All you posted are just the positive aspects, but look at the big picture now, in reality the unemployment has increased and it's not only happening in USA, it's around the world and we know that bull run needs a coordination worldwide to move the price.. it' ain't happening man.
Maybe what people should do now is just to save for a possible worst case scenario in the future as what is happening now has a long term effect (negative) to our economy.
Maybe what people should do now is just to save for a possible worst case scenario in the future as what is happening now has a long term effect (negative) to our economy.
so theres no way they will think first of investing in bitcoin, which is a high risk investment. maybe for other people who dont worry about their basic needs and just think of what they can do with their money, they will have the luxury to invest their money in bitcoin. but i guess not a lot of people have that option. i dont think those people will have the impact in the bitcoin market
All you posted are just the positive aspects, but look at the big picture now, in reality the unemployment has increased and it's not only happening in USA, it's around the world and we know that bull run needs a coordination worldwide to move the price.. it' ain't happening man.
Maybe what people should do now is just to save for a possible worst case scenario in the future as what is happening now has a long term effect (negative) to our economy.
Maybe what people should do now is just to save for a possible worst case scenario in the future as what is happening now has a long term effect (negative) to our economy.
Jump to: