Not against any idea in theory but this concept sums up a contraction of the economy which generally relates to a lower valuation most of the time. On the basis of efficiency then sure I see the reasoning but against it seems a forced situation, its better when people have good jobs with money worth spending ie. a house is one of the most justified expenditures in an economy.
I'd rather speculate the idea of students in paid for accommodation with free electricity and thats tied to alt coin mining perhaps and once upon a time that'd be part of BTC but also its reasonable to speculate that money flow is still there with students willing to 'invest' some of their students funds into BTC and that could create a wave that causes prices to rise at certain times of the year. Its very speculative all this, I much prefer to watch charts for observable bullish periods.
Topic: Living with parents again could fuel the next Bitcoin bull run. - page 3. (Read 829 times)
The first thing, some countries' people will never think about saving and even they are putting some of their saving into bitcoins, unfortunately they never think about long-term holding. They just work on short-term momentary benefits. Believe or not, such country people are having more literature and well aware of bitcoin and its potential.
There are two types of economy world wide: saving economy and spending economy. Mr. Satoshi it seems they are from "saving economy" based traditions. If bitcoin market has been dominated by real holders and true believer of bitcoins then we probably might have got bitcoins with massive value already. But, unfortunately this space is dominated by traders; they just need some profits today and no bother about tomorrow. So, I agree with you that major portion of bitcoin adopter are from spending economy based traditions.the gov is printing and fear of that savings being erroded is high. Panic buying incoming
But, you need to consider about the people who lose jobs by this time and slow down of economy of most countries. I mean some people are able to save more money after covid19 outbreak whereas some other people are not getting their regular salary like how they were getting before covid19. Still, I agree with you that panic buying is going to happen on this space as there will be more people having excess money on hand. 
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.
Those stuffs you said I just assumption. I doubt anything like those things you mentioned happens. Like, how come you are so sure about them that they will invest on bitcoin with all the savings they make by living with their parents?
Those stuffs you said I just assumption. I doubt anything like those things you mentioned happens. Like, how come you are so sure about them that they will invest on bitcoin with all the savings they make by living with their parents?
If we do not have a family, it means that we are not married yet so I think it is okay to live with parents because it can also save your expensive rent money, while still working we can save without spending a lot of monthly, so we can draw a good conclusion which one do you think it would be better during this pandemic because saving without working is useless and will only make nonsense to your parents.
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.
But, this will only be applicable to people who can live with their parents and be welcomed.
Also, we have different lifestyles so it might not work for everyone. You don't know what you or your parents could say when shit happens.
You won't like being on that position especially when you are old enough to think for yourself.
Also, we have different lifestyles so it might not work for everyone. You don't know what you or your parents could say when shit happens.
You won't like being on that position especially when you are old enough to think for yourself.
Exactly! I'm going to get kicked out right away for having a such dumb reason. You know... savin' myself financially isn't their thing anymore. It is my responsibility alone specially if they were already done supporting your studies. I mean, you have all the necessary stuff; diploma and skills to make yourself a living. So, bothering them is kind of disrespectful, imo
dunno 'bout you guys... but that's what the culture I grew up with.I just don't understand the connection with bitcoin. Saving money to buy for bitcoin? Is that it?
I think, that's what he's trying to imply here
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.
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 is a new way of looking at it and it has some truth in it.
Being practical to save from this pandemic virus, it's one of the option
to keep you surviving.
I agree that to those workers who are working from home and are still receiving their full salaries, they could end up saving a lot.
If they know how to value money, saving is really important right now
as we don't know how long this virus will stay.
Imagine if expenses from rent, travel, drinking, movies, events, etc are removed from your regular expenses then you could come up with a bigger savings from which a portion may go to Bitcoin or other investment.
The good catch is when you also learn to invest those savings, either to
create your own business.
Or, in form of investments, there are lots of options that you can choose
around, just make sure to work
with your knowledge before you make put your money from this type of
market.
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.
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 kids who think that the world revolves around each and every individual around 7 billion people investing a few dollars so that the market will rise as they are not familiar with anything else or the institutional funds that really make an impact in the market
.Well, in theory, if everyone would put 1k$ into bitcoin it would amount to 7ttrillions (I've included kids in this) and that would be 5 times what the largest investment fund in the world has in its portfolio. But! the real problem with what the OP is envisioning is something so obvious I'm amazed noboy looked at it.
What about the ones renting?
For example, one user below says that we could cut out:
Quote
Imagine if expenses from rent, travel, drinking, movies, events, etc are removed from your regular expenses then you could come up with a bigger savings
Good, you save money, what about the people who rent you, work in travel, pubs, cinemas, that organized events? The same people that also live in New York, and now not only will be forced to live with their parents but will have no way to get a job and requalify for another, which might now pop up since people are not spending...
And what if your parents work get also unemployed because of the lack of customers?
The economy is not as simple as some think!
You have a point for saving money.
But, this will only be applicable to people who can live with their parents and be welcomed.
Also, we have different lifestyles so it might not work for everyone. You don't know what you or your parents could say when shit happens.
You won't like being on that position especially when you are old enough to think for yourself.
I just don't understand the connection with bitcoin. Saving money to buy for bitcoin? Is that it?
But, this will only be applicable to people who can live with their parents and be welcomed.
Also, we have different lifestyles so it might not work for everyone. You don't know what you or your parents could say when shit happens.
You won't like being on that position especially when you are old enough to think for yourself.
I just don't understand the connection with bitcoin. Saving money to buy for bitcoin? Is that it?
This is a new way of looking at it and it has some truth in it. I agree that to those workers who are working from home and are still receiving their full salaries, they could end up saving a lot. Imagine if expenses from rent, travel, drinking, movies, events, etc are removed from your regular expenses then you could come up with a bigger savings from which a portion may go to Bitcoin or other investment.
Living with parents or not, it will not have a relation with bitcoin unless you are living with your parents, telling them that you will use the money you have to invest in bitcoin. I see that many married people still living with their parents and not rent a house for them, and I don't know what their reason to do that is. But something that I know that it is not lifted bitcoin price to increase to the high price, and we know that bitcoin price still at below $10k. If you calculate the cost of renting a house, you will see a large amount of money, but if you don't use to invest the money to buy bitcoin, that will not increase.
Dude's basically freeloading, if he didn't save up money from that, then he'd be an idiot. Plus, if you really wanted to save money, why even bother spending $3000-$4000 for rent? If you really wanted to save, there are various ways such as living with someone and sharing the rent and the like. Sure, if you wanted to live leisurely and you have the money to do so, then feel free to, but if you're saving? Then you might want to replan everything you have right now.
Quote
I think its already happening with the stock market.
Apologies, I can't really take this sentence as anything other than investors in the stock market are living with their parents cause they don't have the financial capability to support themselves due to investing. I'm not saying it's bad to live with your parents but to reason it out as a way to save money for stocks? Sounds insulting to me tbh. Damn, if panic buying actually happened due to people staying with their parents, then hell I'd start questioning my time staying with the crypto community. 
I would say there is a fine line between sustainable income and an income that is temporary that could change the situation.
Definitely you could make some savings for a few months but at the same time we are talking about the whole world having trouble so there is a lot more money lost during this period compared to money won. That is why I think this wouldn't really make a big difference.
That fine line is the fact that people who saved thanks to this situation would save maybe one billion dollars total, probably not even remotely close but let's be generous to them, but during the same period we are talking about 4.2 trillion dollars help printed by just USA and there are a lot more of that coming from other nations as well; which is why I believe if there is a big increase, it would be thanks to governments giving people money.
Definitely you could make some savings for a few months but at the same time we are talking about the whole world having trouble so there is a lot more money lost during this period compared to money won. That is why I think this wouldn't really make a big difference.
That fine line is the fact that people who saved thanks to this situation would save maybe one billion dollars total, probably not even remotely close but let's be generous to them, but during the same period we are talking about 4.2 trillion dollars help printed by just USA and there are a lot more of that coming from other nations as well; which is why I believe if there is a big increase, it would be thanks to governments giving people money.
Oh god, this is how low we've fallen?
It was institutional money is coming! Then we went to the average investors who will buy into ETF. Then to housewives, then to grandmas betting their retirement funds...and now...I don't even know how to express how I feel. On the one side, I want to laugh at the idea but also disappointed somebody is trying to even think about this!
There are kids who think that the world revolves around each and every individual around 7 billion people investing a few dollars so that the market will rise as they are not familiar with anything else or the institutional funds that really make an impact in the market It was institutional money is coming! Then we went to the average investors who will buy into ETF. Then to housewives, then to grandmas betting their retirement funds...and now...I don't even know how to express how I feel. On the one side, I want to laugh at the idea but also disappointed somebody is trying to even think about this!
.@OP even if i do not move to my parents the market will move if there is a suitable economic situation as the market is determined by whales and not the common investor.
I think it in this perspective that for people who are saving some money would like to keep it with them self rather than investing anywhere at this point because you might be unsure if that investment could go down and when you require money you are empty handed because either you exit at loss or need to borrow from somebody else if want to continue with that invested position. So not necessarily the investment would be done of the saving amount and crypto and stock market both being volatile more in this uncertain time so may not even think about it.
If you're referring all the savings will be getting into bitcoin with the long-term plans then I believe bitcoin might have been doing into million dollar level by this time.
The first thing, some countries' people will never think about saving and even they are putting some of their saving into bitcoins, unfortunately they never think about long-term holding. They just work on short-term momentary benefits. Believe or not, such country people are having more literature and well aware of bitcoin and its potential.
I'm not seeing more number of people are believing in to big value for bitcoin for some reasons. They are all just bothering about total market cap and what are the other consequences will be happening if bitcoin attains some big value.
The first thing, some countries' people will never think about saving and even they are putting some of their saving into bitcoins, unfortunately they never think about long-term holding. They just work on short-term momentary benefits. Believe or not, such country people are having more literature and well aware of bitcoin and its potential.
I'm not seeing more number of people are believing in to big value for bitcoin for some reasons. They are all just bothering about total market cap and what are the other consequences will be happening if bitcoin attains some big value.
Oh god, this is how low we've fallen?
It was institutional money is coming! Then we went to the average investors who will buy into ETF. Then to housewives, then to grandmas betting their retirement funds...and now...I don't even know how to express how I feel. On the one side, I want to laugh at the idea but also disappointed somebody is trying to even think about this!
Frugal people don't invest in risky assets! You're contradicting yourself.
Desperate need to start a pump, probably some realized that waiting 3-4 years to get x5 ROI is too much for their actual needs. They need moaarrrrr!
And faster!
It was institutional money is coming! Then we went to the average investors who will buy into ETF. Then to housewives, then to grandmas betting their retirement funds...and now...I don't even know how to express how I feel. On the one side, I want to laugh at the idea but also disappointed somebody is trying to even think about this!
Bottom line: living with parents is frugal. Frugal people save up their money.
Frugal people don't invest in risky assets! You're contradicting yourself.
How on Earth people come to such silly conclusions?
Desperate need to start a pump, probably some realized that waiting 3-4 years to get x5 ROI is too much for their actual needs. They need moaarrrrr!
And faster! Jump to: