Living with parents again could fuel the next Bitcoin bull run.

[Reid]

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?

[stompix]

~

There are kids who think that the world revolves around each and every individual around 7 billion people investing a few dollars so that the market will rise as they are not familiar with anything else or the institutional funds that really make an impact in the market  .

Well, in theory, if everyone would put 1k$ into bitcoin it would amount to 7ttrillions (I've included kids in this) and that would be 5 times what the largest investment fund in the world has in its portfolio. But! the real problem with what the OP is envisioning is something so obvious I'm amazed noboy looked at it.
What about the ones renting?
For example, one user below says that we could cut out:
 

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!

[Janation]

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.

[rodskee]

This is a new way of looking at it and it has some truth in it.

Being practical to save from this pandemic virus, it's one of the option
to keep you surviving.

I agree that to those workers who are working from home and are still receiving their full salaries, they could end up saving a lot.

If they know how to value money, saving is really important right now
as we don't know how long this virus will stay.

Imagine if expenses from rent, travel, drinking, movies, events, etc are removed from your regular expenses then you could come up with a bigger savings from which a portion may go to Bitcoin or other investment.

The good catch is when you also learn to invest those savings, either to
create your own business.
Or, in form of investments, there are lots of options that you can choose
around, just make sure to work
with your knowledge before you make put your money from this type of
market.

[Arkann]

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.

[Taskford]

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.

[Rosilito]

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

I just don't understand the connection with bitcoin. Saving money to buy for bitcoin? Is that it?

I think, that's what he's trying to imply here

[Oceat]

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.

[Raflesia]

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.

[adzino]

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?

[Emitdama]

The first thing, some countries' people will never think about saving and even they are putting some of their saving into bitcoins, unfortunately they never think about long-term holding. They just work on short-term momentary benefits. Believe or not, such country people are having more literature and well aware of bitcoin and its potential.

There are two types of economy world wide: saving economy and spending economy. Mr. Satoshi it seems they are from "saving economy" based traditions. If bitcoin market has been dominated by real holders and true believer of bitcoins then we probably might have got bitcoins with massive value already. But, unfortunately this space is dominated by traders; they just need some profits today and no bother about tomorrow. So, I agree with you that major portion of bitcoin adopter are from spending economy based traditions.

the gov is printing and fear of that savings being erroded is high. Panic buying incoming

But, you need to consider about the people who lose jobs by this time and slow down of economy of most countries. I mean some people are able to save more money after covid19 outbreak whereas some other people are not getting their regular salary like how they were getting before covid19. Still, I agree with you that panic buying is going to happen on this space as there will be more people having excess money on hand.

[STT]

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.

[Questat]

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.

[AmoreJaz]

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]

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.

[btc78]

I think its already happening with the stock market.

Living with parents = saving minimum of $1000+ per month just from rent. So many people moved out of expensive cities like New York City went from paying $3,000/month to living at home with parents for free. And they work from home now, so they are saving money on transportation too. Vacations are cancled, ect. They aint spending money on shit, just saving saving saving. But the gov is printing and fear of that savings being erroded is high. Panic buying incoming


https://www.youtube.com/watch?v=KvfgSo65jvE

I 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.

[smyslov]

I think its already happening with the stock market.

Living with parents = saving minimum of $1000+ per month just from rent. So many people moved out of expensive cities like New York City went from paying $3,000/month to living at home with parents for free. And they work from home now, so they are saving money on transportation too. Vacations are cancled, ect. They aint spending money on shit, just saving saving saving. But the gov is printing and fear of that savings being erroded is high. Panic buying incoming


https://www.youtube.com/watch?v=KvfgSo65jvE

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.

[kotajikikox]

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.

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.

[Ridwan Fauzi]

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.

[FanEagle]

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.