How on Earth people come to such silly conclusions?
Living with parents could trigger bull run, seriously? Do you know how small percentage of people in general is using Bitcoin and willing to invest in it. With such small awareness on cryptocurrencies in population you can't expect something like this at all, it's completely exaggerated. And for triggering Bitcoin bull run much more is needed than to some teenager or young yuppie invests some small amount in Bitcoin.
Topic: Living with parents again could fuel the next Bitcoin bull run. - page 4. (Read 829 times)
Bottom line: living with parents is frugal. Frugal people save up their money. If you ever watched a youtube video on gold, they target savers, because savers are sitting on a pile of cash that could be destroyed by inflation.
You're confusing "savers" with "people who have no money." People who are now shacking up with their parents fall in the second category and they aren't in a position to buy stocks or BTC.
If we're talking bullish narratives, I prefer the "Wall Street is going to pump BTC" story. More believable, especially with Paul Tudor Jones and his kind getting on board.
~snip
It seems nobody watched the youtube video in the OP. Its a millionaire who lives with his parents, granted he moved back in with them after a divorce and because he works from home rather than due the pandemic. Im on some real estate /other message boards and its common trend of people moving back in with their parents. The stereotype of someone living with their parents being broke is false, the same as someone driving a new BMW vs old toyota corolla. One is broke because they spent all their money on the BMW, but everyone makes the assumption they are rich.
Bottom line: living with parents is frugal. Frugal people save up their money. If you ever watched a youtube video on gold, they target savers, because savers are sitting on a pile of cash that could be destroyed by inflation. Gold and Bitcoin are in the same group and we see gold moving to new highs.
Look this should have been the body of your post in the first place but rather you created a body about living with parents can fuel up the next bull run which I don't see any kind of connection whatsoever on the current situation we have with the pandemic and the downfall of our economy. So the next time you create a post you should be direct to the point and not mislead most of the readers here.
Getting back to our parents will affect nothing to Bitcoin's price. Not that case in here and I'm sure not all of them are investing crypto. Bitcoin price doesn't matter if you live back to your parents or not and definitely, this not a reason to see for a bullish market. Hence, this will happen about the price.
people come back from where they grow, living with their parents because of the pandemic situation where most people have been demoted or layoff. Not for the purpose of buying Bitcoin and hold.
people come back from where they grow, living with their parents because of the pandemic situation where most people have been demoted or layoff. Not for the purpose of buying Bitcoin and hold.
~snip
I was laid off from my old job because of this corona, currently, I live back with parents because there is no point also I continue to live in another city.staying at a parent's house just to save is good but you also have to give a little money to your parents if their financial condition is not good. btw, I have a little chance to continue to buy and save Bitcoin.
When you are a family man and did tend to go back again into your parents house just because you dont have any job and theres no other way for you to raise up your family then you wouldnt really have any options left but to go back unless if you are that type of high pride person then you wouldnt surely do it.
For mentioning about investment matters then you can really save up when you dont have a family to raise but its quite shameful that you do let them to raise up your ass once again.
Yeah, they might be your family but it isnt just right that you should rely on them once again.You do need to work and talking about investment and expenses then it will always vary on your own discretion.
~snip
I was laid off from my old job because of this corona, currently, I live back with parents because there is no point also I continue to live in another city.staying at a parent's house just to save is good but you also have to give a little money to your parents if their financial condition is not good. btw, I have a little chance to continue to buy and save Bitcoin.
I think there is no reason to hold you living with your parent if you can't afford to rent. I don't know what its correlate with the price of Bitcoin, could it affect the trend?
Does these people are investing crypto? I mean are these people saving their money from renting and put it in investing crypto? But if that is yes, then it is good but I can't see that it help the price to move high and lead for Bullrun. If there are millions of people doing this, it is possible but I don't think that they are looking that way. Maybe I was negatively thinking about this but I'm not really convinced that its fuel for the next Bullrun.
Does these people are investing crypto? I mean are these people saving their money from renting and put it in investing crypto? But if that is yes, then it is good but I can't see that it help the price to move high and lead for Bullrun. If there are millions of people doing this, it is possible but I don't think that they are looking that way. Maybe I was negatively thinking about this but I'm not really convinced that its fuel for the next Bullrun.
I don't see any correlation as well. Because not all people living again with their parents, will buy bitcoin and significantly affect the price in the market??? They maybe saving money but I don't think buying bitcoin will be their first option. This is a generalization that I think is not right. Just saying.
Is this some kind of joke to you like what you are implying in your username? Because this will only be true if people who are living with their parents do actually have some work from home jobs and is saving off money because of rent but the truth is a lot of them are out of job and a lot of them are having troubles to find cash. Just look at the news in Google and you will see no good signs that the economy is recovering but is worsening day by day because of the pandemic so I don't see why you have connected people living with parents triggering the next bull run since your assumption was really wrong.
It seems nobody watched the youtube video in the OP. Its a millionaire who lives with his parents, granted he moved back in with them after a divorce and because he works from home rather than due the pandemic. Im on some real estate /other message boards and its common trend of people moving back in with their parents. The stereotype of someone living with their parents being broke is false, the same as someone driving a new BMW vs old toyota corolla. One is broke because they spent all their money on the BMW, but everyone makes the assumption they are rich.
Bottom line: living with parents is frugal. Frugal people save up their money. If you ever watched a youtube video on gold, they target savers, because savers are sitting on a pile of cash that could be destroyed by inflation. Gold and Bitcoin are in the same group and we see gold moving to new highs.
I think there is no reason to hold you living with your parent if you can't afford to rent. I don't know what its correlate with the price of Bitcoin, could it affect the trend?
Does these people are investing crypto? I mean are these people saving their money from renting and put it in investing crypto? But if that is yes, then it is good but I can't see that it help the price to move high and lead for Bullrun. If there are millions of people doing this, it is possible but I don't think that they are looking that way. Maybe I was negatively thinking about this but I'm not really convinced that its fuel for the next Bullrun.
Does these people are investing crypto? I mean are these people saving their money from renting and put it in investing crypto? But if that is yes, then it is good but I can't see that it help the price to move high and lead for Bullrun. If there are millions of people doing this, it is possible but I don't think that they are looking that way. Maybe I was negatively thinking about this but I'm not really convinced that its fuel for the next Bullrun.
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.
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.
This sounds exaggerated. People who give up their own apartment to move in with their parents usually do it because they are unemployed and can't afford rent anymore. That means less disposable income and less spending.
Also, if renters are squeezed out of their leases, that's lost income for landlords. Landlords may then need to liquidate investments to cover their bills.
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 
There are some inflation fears from investors, that's true.
The gains from that may however be outweighed by the losses from poor company earnings and dividends. When consumers aren't spending, the economy is contracting and businesses become threatened by a deflationary spiral.
Is this some kind of joke to you like what you are implying in your username? Because this will only be true if people who are living with their parents do actually have some work from home jobs and is saving off money because of rent but the truth is a lot of them are out of job and a lot of them are having troubles to find cash. Just look at the news in Google and you will see no good signs that the economy is recovering but is worsening day by day because of the pandemic so I don't see why you have connected people living with parents triggering the next bull run since your assumption was really wrong.
Good point there but I don't think it can't trigger the next bull run, Knowing that not everyone who moves out knows or willing to spend their pennies on bitcoin. This wouldn't shake the bitcoin price as much as you expected.
A weeks after the lockdown (Depends on the country you're living) many jobs were frozen and some people are struggling on finding ways to get pennies, But today works are somehow going back to normal, People are prioritizing first to earn and wouldn't think to hold/buy bitcoin. Logically speaking, People need money today for food, bills, and for any reason they have. Living on their parent's house would probably cut their expenses but I think it isn't enough for people to invest in something in the middle of a crisis.
A weeks after the lockdown (Depends on the country you're living) many jobs were frozen and some people are struggling on finding ways to get pennies, But today works are somehow going back to normal, People are prioritizing first to earn and wouldn't think to hold/buy bitcoin. Logically speaking, People need money today for food, bills, and for any reason they have. Living on their parent's house would probably cut their expenses but I think it isn't enough for people to invest in something in the middle of a crisis.
~snip~
As for the concern that this "savings" might trigger the next bull run, I don't think so. Not all are having the same experience as the one you mentioned.
^ Definitely right, not all are in the same situation so I think this is not a valid reason that probably can trigger the next bull run. But for sure there is next bull run because we had done from bitcoin halving the most anticipated event that bitcoin holders awaiting the result. But who knows that the OP said will have a good result to the market, at least we are on the positive side to having next bull run. Nevertheless, the new upcoming ATH will remind us back then in year 2017 when everyone happy to see that the market was rocketing. As for the concern that this "savings" might trigger the next bull run, I don't think so. Not all are having the same experience as the one you mentioned.
And they work from home now, so they are saving money on transportation too.
Well if that's really the case, it's good. But....
...here in our country, in some cases, electric consumption + internet cost is not covered by employers or should I say, even just for a percentage.
So even employees saved money on transportation, it's useless since the expenses grow instead. Plus the fact that our electric and water provider do some sh*t in the computation of our consumption, it makes things worst.
As for the concern that this "savings" might trigger the next bull run, I don't think so. Not all are having the same experience as the one you mentioned.
Of course it's not happening in large scale, as probably less than 1% of world population is part of crypto universe. But indeed people who can work from home are saving money during this crisis time for the reasons presented on this thread and there are serious possibilities these people will move into crypto currency if the market keeps at least stable one year from now.
These can be the next adopters running away from their broken economy currencies. Although a *panic buying* in considerable quantity isn't going to happen because most people are being negatively affected by the crisis, they can't work from home, they are totally broken, so they have no money to invest in anything. Then I conclude what we really need aren't solely bitcoin investments, but bitcoin jobs!
These can be the next adopters running away from their broken economy currencies. Although a *panic buying* in considerable quantity isn't going to happen because most people are being negatively affected by the crisis, they can't work from home, they are totally broken, so they have no money to invest in anything. Then I conclude what we really need aren't solely bitcoin investments, but bitcoin jobs!
You are right! Lets say that there are people who do really able to save up not only on rental thing but also in other areas as well for them do able to save up money but i dont really see
for it to be a big thing and as you mentioned this wont really be on large scale thing that will really make some effect into the market.Yes, they can make out investments but doesnt mean that they will able
have significant impact this is why i dont really buy much up this kind of presumption.People will surely prioritize on buying up needs rather than considering on making investment specially that economic state on every parts of the world is declining.It may exclude crypto market but we would really be heading there if this situation becomes more worst.
Of course it's not happening in large scale, as probably less than 1% of world population is part of crypto universe. But indeed people who can work from home are saving money during this crisis time for the reasons presented on this thread and there are serious possibilities these people will move into crypto currency if the market keeps at least stable one year from now.
These can be the next adopters running away from their broken economy currencies. Although a *panic buying* in considerable quantity isn't going to happen because most people are being negatively affected by the crisis, they can't work from home, they are totally broken, so they have no money to invest in anything. Then I conclude what we really need aren't solely bitcoin investments, but bitcoin jobs!
These can be the next adopters running away from their broken economy currencies. Although a *panic buying* in considerable quantity isn't going to happen because most people are being negatively affected by the crisis, they can't work from home, they are totally broken, so they have no money to invest in anything. Then I conclude what we really need aren't solely bitcoin investments, but bitcoin jobs!
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 do not see this happening massively, maybe a few people are doing this but the majority of those that return to live with their old folk do so because they are dirt broke and they cannot afford to pay rent and for the most part they have credit card debt, so whatever income they have goes towards paying their debts, trying to get a new apartment and buy more useless stuff, so I am sorry to tell you this but there is not a huge wave of people coming to this market with their bags full of money. 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 dont see any panic buying reason here, the reason that you are moving to your parent's house because of financial problem, it doesn't mean also your moving onto them and you're free of anything. You need to spend your money also, unless, if your parent's wealth can sustain and provide all necessity of your family too(wife and kids).
This is a small possible factor that might the reason for having bull run, I don't see if this will work. It might contribute but not that much.
I prefer to listen to that news that stating Bitcoin's massive adoption just like Paypal that now starting accepting Bitcoin and other cryptos. This might have a huge impact on the price.
This is a small possible factor that might the reason for having bull run, I don't see if this will work. It might contribute but not that much.
I prefer to listen to that news that stating Bitcoin's massive adoption just like Paypal that now starting accepting Bitcoin and other cryptos. This might have a huge impact on the price.
I would say saving because you are at your parents house would be viable for only a small portion of people.
If pandemic caused you to lose your job, the first thing that comes to your mind is not "I should move in with my parents again", it is "where am I going to find money to pay rent".
I can tell you that during this pandemic I went to my parents as well but it wasn't for economical reasons and I didn't saved anything because I went there to check on them and how they are doing (old people may need more help) and I paid for everything I bought and for many things in the house to help them during this difficult time as well.
Right now there is 9 days left in the month and I already have very little amount to live with due to helping out my parents, it doesn't really work out the way you think it works out, just because you are with your family doesn't mean they for everything even when you are old.
If pandemic caused you to lose your job, the first thing that comes to your mind is not "I should move in with my parents again", it is "where am I going to find money to pay rent".
I can tell you that during this pandemic I went to my parents as well but it wasn't for economical reasons and I didn't saved anything because I went there to check on them and how they are doing (old people may need more help) and I paid for everything I bought and for many things in the house to help them during this difficult time as well.
Right now there is 9 days left in the month and I already have very little amount to live with due to helping out my parents, it doesn't really work out the way you think it works out, just because you are with your family doesn't mean they for everything even when you are old.
The market does not depend upon every day pennies, you need to see billions moved into the market to see a rally and for that to happen you need to expect the fund houses to pump their investment into the market so that we will see a huge push, you cannot expect a rally with a few million. This pandemic has crippled many and i am also moving in with my parents next month as i am not able to handle everything and it is a bummer to come to a situation like this but that does not mean that i am going to save those money to invest in any market 
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