It is still tough for the guy in the video if there isn't any profits within the kind of work that he is doing, yet I suppose if the guy is barely breaking even with his work or even losing money, he is still buying bitcoin with the money that he is putting into his Gig economy work, and so that money is coming from somewhere else.. It would not work if he does not have another profitable job.
I suppose that the word is getting out more and more and more about bitcoin being the place to store your value (or save your value), but you still have to have income beyond income to cover your expenses (aka discretionary income is needed), yet it seems to me that many times guys who have such low incomes are going to have to at least get through a whole cycle of stacking and holding bitcoin before the stacking of bitcoin that they had ended up doing might have some meaningful positive financial impact on their lives.
There are so many folks who are not able to hold through a doubling or two of the BTC price, so then even if they are profitable in their bitcoin holdings, the level of their profits ends up being quite a lot less than what it could have had been because they end up selling way too much too soon and they do not even end up benefitting from the compounding value of bitcoin when profits fold upon profits (that is going through a few doublings of the price).
We even have guys in this thread who seem to be proclaiming that they are profiting from their involvement in bitcoin (and I am not denying that they profit), yet their level of profits tends to be way less than it could have had been based on their ongoingly cashing out profits at relatively small levels, so they are continuously taking profits and perhaps getting various gains along the way, yet they never really end up getting the benefits of the compounding of bitcoin's value which tends to take time to play out (perhaps over a couple of cycles).. which many times, I am thinking that ongoing stacking of dee cornz over a whole cycle or more, and perhaps even holding a couple of cycles before starting to use some of the built up value would likely put those lower income bitcoin accumulators in a much better place rather than their not even being able to build and hold through a whole cycle.
For sure, it is tough out there and a lot of jobs are low paying, and it continues to be difficult to really keep building bitcoin for a cycle or two and then to be more clearly getting the profits from it.
There is likely even a matter of amount that a guy is able to put into bitcoin on a regular basis, and surely there is a difference between being able to put in $100 per week and $10 per week and even a few hundred per week.
Remember the guy we talked about (was it yesterday?) who had around $30 per day ($210 per week), and yeah those are decent amounts of ongoing investment, yet he still had slightly less than 6 BTC after 2 whole cycles of stacking dee cornz, which even though he was consistent in his stacking dee cornz on a daily basis, his amount was still a bit on the smaller side, even though surely we know that stacking $200 or more per week is not easy for a lot of normies to accomplish.. and surely these days anyone wanting to get to a point of accumulating a whole bitcoin in a couple of cycles, they are likely going to need to get close to being able to invest $500 or more per week.. so it is becoming quite difficult for any normie to get to a whole bitcoin, even if stacking $500 per week for two whole cycles.
Think about it. $500 per week invested into bitcoin would be about $26k per year and $260k in 10 years.
I am having troubles imagining the average cost per BTC to be anywhere close to $260k over the next 10 years. Sure. It is not impossible, but surely not anything very realistic to be considering that the cost per BTC (on average) would end up being anywhere less than $260k over the next 10-ish years. Some guys think so, yet I have my doubts.
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Sorry to hear it too... When my dad passed away, a friend who didn't know the cause of death offered me a cigarette "to ease the pain"... I don't know why people smoke, maybe it's the nicotine, the habit, something in their lives. To me it seems so absurd... But then again, so are some of the things I do, so... I guess... Everyone has their own demons...
Surely vaping is the big thing these days, and there is likely quite bit of lacking in disclosures in regards to what is inside of a lot of the vaping inserts. There was some issues in which the governments had screwed up being able to regulate them due to the way they went about it, and so now vaping is the wild, wild west of products that folks put into their bodies.
I cannot imagine that vaping is not addictive, yet we likely do not know the exact ingredients of a lot of the products that are out their and being inhaled by normies - and surely people consider it cool to vape, and maybe even to smells better than cigarrettes.. with some built-in bonus "side effects" too.
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