Topic: Living with parents again could fuel the next Bitcoin bull run. (Read 820 times)

Quote from: Findingnemo on August 14, 2020, 11:12:36 AM

Maybe it's happening in NewYork but I don't think it's happening to other part of the world, I prefer living in a small room or apartment tham my family living with my parents you need to be independent if you can and if you are leaving with your parents it could only mean you cannot afford to live on your own which is a must.

In most part of the world, kids will be separated when they starts earning money on their own and even kids studying while they are working as a part time employee.So its your willingness if ou want to be independent rather than with your family but if you are not living in a developed country then things can go wrong as well.

Also, it is important to note that when you have personal expenses already, that means you are saving from only the bills and rent and considering it would be rude to not help out at all to your family and their expenses, you will probably be saving a lot less than you imagine.

So, having a room in some apartment to pay very little and just share the bills would mean you would be basically spending only a tiny bit more and that would mean that you would be at least living alone without any parental advice on top of you all the time and you could end up living a better life. After a certain age it doesn't really feel like you could ever go back to your family house, it is just not the same and you would definitely end up not bored out of your mind since living by yourself is definitely better than living with your parents.

This will not make sense not unless you initiate to save money because whenever you are, living with your parents or not if you have no skills in saving money and not dedicated to save, its useless. Living with your parents can sure save you a lot, but after that what is your plan and is it ok to depend on your parents for the sake of your personal goal? Well, this will depend on you.

In my part, my parents depend on me and I paid for their daily expenses as a bread winner and fortunately I can still save money for my personal financial goal this is because of my bitcoin earnings and I'm thankful for that. Plan to save money and plan when to buy and sell bitcoin, this can save you a lot and can make good profit.

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Maybe it's happening in NewYork but I don't think it's happening to other part of the world, I prefer living in a small room or apartment tham my family living with my parents you need to be independent if you can and if you are leaving with your parents it could only mean you cannot afford to live on your own which is a must.

In most part of the world, kids will be separated when they starts earning money on their own and even kids studying while they are working as a part time employee.So its your willingness if ou want to be independent rather than with your family but if you are not living in a developed country then things can go wrong as well.

Also, it is important to note that when you have personal expenses already, that means you are saving from only the bills and rent and considering it would be rude to not help out at all to your family and their expenses, you will probably be saving a lot less than you imagine.

So, having a room in some apartment to pay very little and just share the bills would mean you would be basically spending only a tiny bit more and that would mean that you would be at least living alone without any parental advice on top of you all the time and you could end up living a better life. After a certain age it doesn't really feel like you could ever go back to your family house, it is just not the same and you would definitely end up not bored out of your mind since living by yourself is definitely better than living with your parents.

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Maybe it's happening in NewYork but I don't think it's happening to other part of the world, I prefer living in a small room or apartment tham my family living with my parents you need to be independent if you can and if you are leaving with your parents it could only mean you cannot afford to live on your own which is a must.

In most part of the world, kids will be separated when they starts earning money on their own and even kids studying while they are working as a part time employee.So its your willingness if ou want to be independent rather than with your family but if you are not living in a developed country then things can go wrong as well.

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It depends on the situation.

You may live with your parents but what if you are the breadwinner of the family and you are the only one who is working in your family?? Yes you can save more money when you are living with your own family and that includes the rental expenses but what if you are the one who is giving everything from your family like food expenses and the bills in the houses. The supposedly rental expenses may still be used in other expenses.

In this current situation, most people can't save money right now because of the pandemic therefore they don't have money to buy Bitcoin.

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Quote from: target on July 28, 2020, 04:23:03 PM

Maybe it's happening in NewYork but I don't think it's happening to other part of the world, I prefer living in a small room or apartment than my family living with my parents you need to be independent if you can and if you are leaving with your parents it could only mean you cannot afford to live on your own which is a must.

If you are saving wisely and there's good spot for inside your house/your parents house
why not save your money and invest.
It's a good way saving your money as apartment or owning a house is really expensive
if you can go to your parents
and they allow you to stay with them without any issue, it's practical and the saving that
you'll have can be use to fuel your investment.

Kong Hey Pakboy

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Living with your parents, so you could save money for to maintain your investment might be good while we are now having a bull market. But it would be rude of you, if you will not give money to your parents to support all of your daily needs. It is why if you will live with your parents you should give them some hand by giving them some money without getting any trouble in paying all of your expenses, but it might results from cutting some of your losses.

Silberman

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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.

That is one way to look at it but at the same time we must recognize that things are not looking good for the next generation, their parents could enjoy a nice retirement, job security and decent house prices, this is not true anymore and thanks to computers your job is just a few lines of code away to be unnecessary and this is a risk always looming over the heads of young people, so I think this generation needs a little bit more of help to be able to stand on their own.

STT

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This whole thing is small economy thinking when you need to consider what changes the world, from a new product to the wider economy. People saving money is a good thing but the motivation to spend less and consume less ie. rent savings over owning your property is not a positive for BTC or the economy overall very likely. The real pressure for BTC to rise comes dollar currency flow or genuine demand from greater population of users who are subject to capital controls or insecurity in their own currency and find BTC a superior product to conventional currency.

Findingnemo

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Quote from: Cherylstar86 on July 30, 2020, 05:05:25 PM

Quote from: Findingnemo on July 30, 2020, 01:24:21 PM

Don't you think can save the rental pay if you are going to live with your family,you might face other expenses while living with them and how can you get a job if you are going to work in a remote place that is where normally the rent is cheaper.

That's just okay to live with them, and if you think family is very important you won't be bother taking it as a big deal on expenses. Bull run has many factors to consider, and with that simple concerns I believed we can handle it normally. If ever health crisis around the world will suppress, that the best time to expect greater changes but for a meanwhile we should extend patience all over.

We are talking about investments right so family expenses are also a liability too so if you are going to spend your money means you are losing your investment power and yes family is important but the fact staying together with them increases our chance of investing got busted here.

Emitdama

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Quote from: Febo on July 25, 2020, 10:13:39 AM

Quote from: StonksStonksStonks on July 20, 2020, 05:38:49 PM

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 Wink

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.

That's correct because when someone is saving money there is surely someone that is loosing money/business on the other hand because while I like the idea that people are now living with parents and able to save money but most of the people have got a cut in their salary because of the economic downfall and that saved money from rent is usually adjusted in that.

I think overall yes some students can save money as they used to spend all their pocket money into useless activities but the price of bitcoins aren't going to be influenced much by some students buying bitcoins.

romero121

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Living with parents doesn't assure of cutting the expenses. Children are responsible to take care of parents. In most cases parents live with the children, so they're supposed to bear rental and everything. If children live with parents the love within them will increase. This isn't gonna drive the bitcoin price movement.

carriebee

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Quote from: Cherylstar86 on July 30, 2020, 05:05:25 PM

Quote from: Findingnemo on July 30, 2020, 01:24:21 PM

Don't you think can save the rental pay if you are going to live with your family,you might face other expenses while living with them and how can you get a job if you are going to work in a remote place that is where normally the rent is cheaper.

That's just okay to live with them, and if you think family is very important you won't be bother taking it as a big deal on expenses. Bull run has many factors to consider, and with that simple concerns I believed we can handle it normally. If ever health crisis around the world will suppress, that the best time to expect greater changes but for a meanwhile we should extend patience all over.

Living with parents cannot guaranteed on saving money and can boost the bitcoin price. Yes there are many to consider for bull run to happen. This is really depends on how a person spend wisely, the more he saves the more he could invest in crypto. Also, during this pandemic, people realize saving money is really important.

milewilda

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Quote from: electronicash on July 30, 2020, 02:14:15 PM

Quote from: Findingnemo on July 30, 2020, 01:24:21 PM

Don't you think can save the rental pay if you are going to live with your family,you might face other expenses while living with them and how can you get a job if you are going to work in a remote place that is where normally the rent is cheaper.

that is if its okay for the parent that their son and daughter stays with them.

what is not good is if they can scam their parents by telling them to invest a project. Grin

it would fuel the bullrun then. their parents pension money can pay the other expenses. do not worry about that parents can't resist their children to go hungry and live as a homeless man. this is however just a way to take advantage of your parents.

as a parent myself i don't wanna end up in a retirement home, i would rather pay my kids to stay with me and take care of my house while we stay under one roof than me going to be dying house.

I definitely prefer the same thing and as a parent then its true that no one will like to for their children to experience hardships in life and also feeding them and give them shelter is always been our priority
even if they do already had their own family we cant really still snap out those family ties.Taking advantage? its possible but it isnt just an ethical thing to be done into your parent just for the sake of investment
opportunities.Also even if they do able to do so it wont still be enough to fuel up the next bull run.People doesnt have much idea on how much money is need into this particular manner.
This doesnt only talk hundreds of thousands but rather we do talk multi-millions on here.

Cherylstar86

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Quote from: Findingnemo on July 30, 2020, 01:24:21 PM

Don't you think can save the rental pay if you are going to live with your family,you might face other expenses while living with them and how can you get a job if you are going to work in a remote place that is where normally the rent is cheaper.

That's just okay to live with them, and if you think family is very important you won't be bother taking it as a big deal on expenses. Bull run has many factors to consider, and with that simple concerns I believed we can handle it normally. If ever health crisis around the world will suppress, that the best time to expect greater changes but for a meanwhile we should extend patience all over.

electronicash

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Quote from: Findingnemo on July 30, 2020, 01:24:21 PM

Don't you think can save the rental pay if you are going to live with your family,you might face other expenses while living with them and how can you get a job if you are going to work in a remote place that is where normally the rent is cheaper.

that is if its okay for the parent that their son and daughter stays with them.

what is not good is if they can scam their parents by telling them to invest a project. Grin

it would fuel the bullrun then. their parents pension money can pay the other expenses. do not worry about that parents can't resist their children to go hungry and live as a homeless man. this is however just a way to take advantage of your parents.

as a parent myself i don't wanna end up in a retirement home, i would rather pay my kids to stay with me and take care of my house while we stay under one roof than me going to be dying house.

Findingnemo

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Don't you think can save the rental pay if you are going to live with your family,you might face other expenses while living with them and how can you get a job if you are going to work in a remote place that is where normally the rent is cheaper.

Naida_BR

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Quote from: StonksStonksStonks on July 20, 2020, 05:38:49 PM

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 Wink

Quote from: StonksStonksStonks on July 20, 2020, 05:38:49 PM

Well, if your economic advise if to live with your parents in order to save your money then you can do that for the rest of your life and save a lot of money.
This is going to help you make investments and potentially earn money, but you will give as an exchange your freedom for that. You are going to get controlled over a lot of aspects of your life in order to make this deal.

whyrqa

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I think that when considering different age categories of children, there are completely different approaches to this issue. If we are talking about student-age children, then it is quite normal for such children to live with their parents and invest their free funds in their future, that is, in cryptocurrency. But when it comes to the older age of children, then I believe that in this situation, children should take care of their parents, and not parents about children. I agree with the previous users, who expressed their opinion that there is a very big difference in the cultures of a particular country and a particular society. I live in Ukraine and my parents demanded special attention and care at the age of 60. In my country, people age very quickly, while the state provision of pensioners is extremely low.

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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 Wink

Quote from: target on July 28, 2020, 04:23:03 PM

Nice idea mate actually this not cross my mind about going back to my parents to have big amount of saving.

I will call my Mother later when i come back to my apartment and will ask if she will allow me to return just this year alone.

I know my parents will understand me,because my wife and children are also in Her parent now since the pandemic spreads.

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.

It depend in the culture of those said Kids mate,because in my country once you got a Girlfriend then you must live with her until you marry,
sorry this is our family culture and i respect yours of course.

and also sometimes parents demands their children to stay with them even until forever lol.

shoreno

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Quote from: target on July 28, 2020, 04:23:03 PM

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.

that will look like they are mamas boy and papas boy and that is a funny thing especially if your older .

what will your friends , neighbors and other people say to you when they found it out ? inheritance is a different story and its part of the tradition of some rich families but majority of the parents wants thier kids to be independent . much more on those poorer families they will shout and get angry on thier kids if thier kids depend on them without a job .

target

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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.

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Quote from: The Sceptical Chymist on July 28, 2020, 03:11:17 PM

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.

Quote from: The Sceptical Chymist on July 28, 2020, 03:11:17 PM

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.

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Quote from: Oasisman on July 21, 2020, 05:24:55 AM

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.

Quote from: adzino on July 23, 2020, 01:02:34 PM

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.

Quote from: StonksStonksStonks on July 20, 2020, 05:38:49 PM

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.

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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.

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Quote from: Janation on July 23, 2020, 06:30:54 AM

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?

RealMalatesta

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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.

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Quote from: StonksStonksStonks on July 20, 2020, 05:38:49 PM

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.

Febo

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Quote from: StonksStonksStonks on July 20, 2020, 05:38:49 PM

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 Wink

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.

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Quote from: aioc on July 25, 2020, 02:25:22 AM

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.

hatshepsut93

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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.

aioc

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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.

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Quote from: Oceat on July 23, 2020, 11:21:21 AM

Quote from: Taskford on July 23, 2020, 08:40:06 AM

Quote from: Arkann on July 23, 2020, 08:20:26 AM

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.

Welp, not everyone around the world could be just like this but for the general discussion most people can have work but not everyone in times like this. Since the pandemic is not yet eradicated and it doesn't mean living with parents could fuel up the market because this doesn't work before even there's no pandemic. The only thing I believe who could fuel the market is the whales while pushing out the weak-handed people.

Or shall we say global adoption and full integration of crypto in different industries and also if traditional money would flow in then thats the time i do consider that will fuel up the next Bitcoin bull run.
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.

FanEagle

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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.

Ridwan Fauzi

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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.

kotajikikox

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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.

Quote from: StonksStonksStonks on July 20, 2020, 05:38:49 PM

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.

smyslov

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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 Wink

Quote from: StonksStonksStonks on July 20, 2020, 05:38:49 PM

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.

btc78

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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 Wink

Quote from: AmoreJaz on July 23, 2020, 05:56:55 PM

I don't think so mate,i have 2 cousins that are now working from home(WFH)

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.

Questat

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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.

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.

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Quote from: sana54210 on July 22, 2020, 09:47:25 AM

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.

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

Questat

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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.

STT

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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.

Emitdama

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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.

Quote from: StonksStonksStonks on July 20, 2020, 05:38:49 PM

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.

adzino

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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?

Raflesia

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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.

Oceat

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Quote from: Taskford on July 23, 2020, 08:40:06 AM

Quote from: Arkann on July 23, 2020, 08:20:26 AM

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.

Welp, not everyone around the world could be just like this but for the general discussion most people can have work but not everyone in times like this. Since the pandemic is not yet eradicated and it doesn't mean living with parents could fuel up the market because this doesn't work before even there's no pandemic. The only thing I believe who could fuel the market is the whales while pushing out the weak-handed people.

Rosilito

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Quote from: Reid on July 23, 2020, 02:04:29 AM

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.

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 Undecided

dunno 'bout you guys... but that's what the culture I grew up with.

Quote from: Reid on July 23, 2020, 02:04:29 AM

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 Huh

Taskford

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Quote from: Arkann on July 23, 2020, 08:20:26 AM

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.

Arkann

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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.

rodskee

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Quote from: Fundamentals Of on July 23, 2020, 12:10:10 AM

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.

Quote from: Fundamentals Of on July 23, 2020, 12:10:10 AM

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.

Quote from: Fundamentals Of on July 23, 2020, 12:10:10 AM

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.

Janation

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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.

stompix

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Quote from: ene1980 on July 22, 2020, 12:27:23 PM

Quote from: stompix on July 22, 2020, 09:30:11 AM

~

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 Cheesy

.

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!

Reid

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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?

Fundamentals Of

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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.

maydna

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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.

Wexnident

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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.

el kaka22

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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.

ene1980

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Quote from: stompix on July 22, 2020, 09:30:11 AM

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 Cheesy

.

@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.

reliable

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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.

sana54210

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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.

stompix

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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!

Quote from: StonksStonksStonks on July 21, 2020, 05:17:19 PM

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.

Quote from: bitbunnny on July 22, 2020, 09:05:23 AM

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! Grin

And faster!

bitbunnny

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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.

exstasie

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Quote from: StonksStonksStonks on July 21, 2020, 05:17:19 PM

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.

Harlot

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Quote from: StonksStonksStonks on July 21, 2020, 05:17:19 PM

Quote from: Harlot on July 21, 2020, 04:43:30 PM

~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.

Viscore

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Live with peace and enjoy life!

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.

stomachgrowls

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Quote from: Sirait on July 21, 2020, 06:34:04 PM

Quote from: StonksStonksStonks on July 20, 2020, 05:38:49 PM

~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.

Sirait

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Quote from: StonksStonksStonks on July 20, 2020, 05:38:49 PM

~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.

Twinkledoe

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Quote from: Kelvinid on July 21, 2020, 04:58:07 PM

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.

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.

StonksStonksStonks

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Quote from: Harlot on July 21, 2020, 04:43:30 PM

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.

Kelvinid

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win lambo...

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.

exstasie

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Quote from: StonksStonksStonks on July 20, 2020, 05:38:49 PM

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.

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.

Quote from: StonksStonksStonks on July 20, 2020, 05:38:49 PM

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 Wink

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.

Harlot

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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.

abel1337

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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.

DoublerHunter

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Quote from: harizen on July 21, 2020, 04:03:12 PM

~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.

harizen

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Quote from: StonksStonksStonks on July 20, 2020, 05:38:49 PM

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.

Mahanton

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Quote from: uneng on July 21, 2020, 03:44:19 PM

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!

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.

uneng

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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!

Silberman

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Quote from: StonksStonksStonks on July 20, 2020, 05:38:49 PM

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 Wink

Quote from: UnDerDoG81 on July 21, 2020, 07:31:57 AM

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.

sheenshane

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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.

el kaka22

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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.

7788bitcoin

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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 Tongue

.

diazepam666

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I am sure not even 1% is aware of whats really going on in the world. Banks printing money to force the biggest crash in history and blame it on covid19. So, I doubt this money printing will cause a bull run. The world is full of media manipulated idiots.

In crypto economy is totally different from normal economy growth, But only matching is investors is need for all the platform. I think not all the peoples are media idiots so don't compare total world is media manipulated Idiots. Number of news will enter in each seconds so controversy news are push up in the market. COVID is affected the many peoples so human is need to buy the crypto so must investors activity in all the platform.

electronicash

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that is if your parents will allow you to live on their basement. some parents do like this but some doesn't like it specially if youre a couple already.
i don't see it fueling bullrun unless they all receive 2000$ each month and invest some of it to crypto. if you are a family man, you would rather be buying more supplies to stock in preparation for the winter.

gentlemand

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If you're back marooned round your old dears then your financial priority will likely be to move on again. You're not going to cripple yourself for a bubble that may come years after you want it to.

kotajikikox

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Quote from: StonksStonksStonks on July 20, 2020, 05:38:49 PM

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 Wink

Quote from: StonksStonksStonks on July 20, 2020, 05:38:49 PM

Imagine you have connected this situation to bitcoin growth possibilities?

but i think even if people are not spending money now,the problem is would they invest in crypto?

do they know what crypto is all about?

and are they willing to risk their money in this risky environment ?

ethereumhunter

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If their parents okay with their decision to moves to their parents, they can live with their parents. As long as they can explain why they need to live with their parents and don't have a problem with their parents, I think their parents will allow them to live together. But before you go to your parent's home, you need to make sure that you are healthy, so your parents will not worry about you.

carlfebz2

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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 Wink

Quote from: StonksStonksStonks on July 20, 2020, 05:38:49 PM

I havent watched the youtube link that you do give out but lets stick out on the thing you are talking on here. Living with parents = savings? Not all the time because doing such stuff does indicate that you are
on financial hardship.

Yes, you do able to save up from rent or other expenses but i dont see on why they would consider out on making investment nowadays? They will rather save it up and spend it up later on for their wants and needs.

Also, i dont see that investment would be on the no.1 to-do-list in for this one.

UnDerDoG81

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I am sure not even 1% is aware of whats really going on in the world. Banks printing money to force the biggest crash in history and blame it on covid19. So, I doubt this money printing will cause a bull run. The world is full of media manipulated idiots.

TGD

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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 Wink

Quote from: slaman29 on July 21, 2020, 03:47:12 AM

Renting apartment has a contract and finding an apartment to settle in for long time is not quite easy. I don't think so many will leave the city and go to there parents. If the reason of living the city was lack of job then it will be the same they go back to there hometown. They obviously no job equlas no monthly income. There is no savings at all that can be invested on stock market and so on.

Those people who work online is the only person that can still make profit right now.

Oasisman

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If you lose your job, then you have the reason to move to your parents. But if not then life continues even the world today seems boring without these unnecessary spendings.
That's not always gonna be the case. 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?".

I honestly don't think there's an incoming panic buying, If there is then that was the time during the pre-halving.

batang_bitcoin

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The adjustment due to the pandemic could make that happen.

Don't know about that. Where I come from if you live with parents you generally don't have enough finances to do much OR you don't have the independence and responsibilities yet to live like adults. Without the need to pay rent, don't you think people would spend their savings on themselves more than on their future? More games, more partying out, more eating out.

I guess this pandemic thought the most of us that it's important to save during the rainy days and that's why the possibility of what OP told is high to happen. Instead of being a reckless spender and won't think of any future scenario, they'll start to think of investing and saving.

slaman29

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Don't know about that. Where I come from if you live with parents you generally don't have enough finances to do much OR you don't have the independence and responsibilities yet to live like adults. Without the need to pay rent, don't you think people would spend their savings on themselves more than on their future? More games, more partying out, more eating out.

StonksStonksStonks

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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 Wink