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Author Topic: Living with parents again could fuel the next Bitcoin bull run.  (Read 722 times)
carriebee
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July 30, 2020, 11:39:06 PM
 #81

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.
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July 31, 2020, 01:43:50 PM
 #82

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.

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Emitdama
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July 31, 2020, 02:08:46 PM
 #83

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.
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July 31, 2020, 02:27:46 PM
 #84

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.

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August 02, 2020, 11:58:14 PM
Last edit: August 03, 2020, 12:14:37 AM by STT
 #85

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.

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August 04, 2020, 05:30:07 PM
 #86


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.
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August 11, 2020, 04:06:21 AM
 #87

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.

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August 11, 2020, 11:51:59 PM
 #88

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.

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August 12, 2020, 01:26:00 AM
 #89

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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Findingnemo
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August 14, 2020, 04:12:36 PM
 #90

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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August 14, 2020, 09:14:15 PM
 #91

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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August 15, 2020, 10:25:35 AM
 #92

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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