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Author Topic: Living with parents again could fuel the next Bitcoin bull run.  (Read 722 times)
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July 24, 2020, 10:58:07 PM
 #61

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.

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July 25, 2020, 07:25:22 AM
 #62

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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July 25, 2020, 10:35:09 AM
 #63

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.

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July 25, 2020, 11:51:43 AM
 #64

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.

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July 25, 2020, 03:13:39 PM
 #65

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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July 25, 2020, 04:32:26 PM
Merited by The Sceptical Chymist (2)
 #66

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.

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July 25, 2020, 06:45:18 PM
 #67

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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July 28, 2020, 05:27:14 PM
 #68

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?
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July 28, 2020, 06:04:58 PM
 #69

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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July 28, 2020, 08:11:17 PM
 #70

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.

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. 

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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July 28, 2020, 08:56:36 PM
 #71

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.

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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July 28, 2020, 09:23:03 PM
 #72


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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July 29, 2020, 07:00:04 AM
 #73


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  .
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July 29, 2020, 12:21:11 PM
 #74

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


https://www.youtube.com/watch?v=KvfgSo65jvE
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.
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July 29, 2020, 02:21:55 PM
 #75

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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July 30, 2020, 06:21:07 PM
 #76

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


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

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.
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July 30, 2020, 06:24:21 PM
 #77

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.

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electronicash
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July 30, 2020, 07:14:15 PM
 #78

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. 











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Cherylstar86
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July 30, 2020, 10:05:25 PM
 #79

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.
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July 30, 2020, 10:35:53 PM
 #80

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.

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