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

[abel1337]

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.

[Harlot]

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.

[exstasie]

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.

Vacations are cancled, ect. They aint spending money on shit, just saving saving saving. But the gov is printing and fear of that savings being erroded is high. Panic buying incoming

There are some inflation fears from investors, that's true.

The gains from that may however be outweighed by the losses from poor company earnings and dividends. When consumers aren't spending, the economy is contracting and businesses become threatened by a deflationary spiral.

[Kelvinid]

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.

[StonksStonksStonks]

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.

[Twinkledoe]

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.

[Sirait]

~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.

[stomachgrowls]

~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.

[Viscore]

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.

[Harlot]

~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.

[exstasie]

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.

[bitbunnny]

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.

[stompix]

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!

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

You realize that people who pay the rents that are above the average are not going to move with their family, nor it is possible for all the jobs to be moved online!
Manufacturing and services still need people present at the location, the ones that could work from home are the ones on the upper echelon, if they wanted to invest they would have done a long time ago, they are not going to live with their parents just to invest in Bitcoin.

Vacations are cancled, ect. They aint spending money on shit, just saving saving saving.

Are you that sure? From what I'm seeing in the news about Florida it seems people are still traveling and going in vacations.

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.

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!   And faster!

[sana54210]

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.

[reliable]

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.

[ene1980]

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  .

@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.

[el kaka22]

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.

[Wexnident]

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.

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.

[maydna]

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.

[Fundamentals Of]

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.